Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/46320/
Timestamp: 2020-08-13 10:32:19
Document Index: 655294924

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 4', '§ 5', '§ 6', '§ 7', '§ 8', '§ 9', '§ 10', '§ 1', '§ 2', '§ 3', '§ 4', '§ 5', '§ 6', '§ 7', '§ 8', '§ 9', '§ 10']

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MISSOURI. II
•>fi      5. Loans of a certain fund limited to $5,000.
ib. Preference given to smallerloans.
6. Part of former law repealed, and Bank authorized to retain a certain portion of the nett profits.
7. Bank'authorized to pay interest for the State.
8. Bank authorized toreceive a .premium on inland bills of exchange.
9. Duty of State to pay interest punctually. a    ,
10. Bank.authorized to mortgage, &c. State bonds.
11. Books of subscription to be re-opened.
12. For what time books shall be kept open.
ib. - After that time, duty of Treasurer and Governor.
Be it enacted by Ike General Assembly of the State of Missouri, as follows:
§ 1. The Governor shall, immediately upon the passage and taking effect of
this act, withdraw from the Bank of the State of Missouri, all the bonds of the
State, issued in conformity with the act of which this is amendatory, which have
been delivered to said bank, in payment of the stock in said bank subscribed by
the State, and which remain unsold, and in lieu thereof, he shall execute to said
bank the bonds of the State for the same amount, in the manner prescribed by
, § 2. The bonds issued in pursuance of the provisions of the preceding section,
shall bear interest at the rate of six per centum per annum, payable semi-annually. , _
§ 3. The principal and interest of said bonds shall be payable in the city of
London in England, or elsewhere, in sterling currency, Francs or Guilders, as the
said bank shall deem advisable.
§ 4. The State of Missouri hereby guarantees the payment of all sums, which
shall be received on deposit, or forrowed by said bank under the provisions of the
thirty-seventh section of the act of which this is amendatory; and for the payment of all such sums so received on deposit, or borrowed by said bank, the
faith and credit of the State is hereby pledged.
§ 5. No person'ir. company shall ever be accommodated,, cither directly or
indirectly, out of the fund raised and set apart by the thirty-seventh section of
the act of which this is amendatory, in a larger sum than five thousand dollars;
and all applications for small loans shall have preference to large ones, unless both
can be granted, subject, however, to such by-laws and regulations, as the presir
dent and directors of the bank may from time to time establish, not inconsistent
§ 6. So much of the thirty-second section of the act of which this is amendatory, as requires the bank to make semi-annual dividends of the entire nett
profits of the bank,'is hereby repealed, and the said bank is hereby empowered
to lay aside, to be deducted from the nett profits of the bank, one per cent, on
the amount of capital stock actually paid in, at the time of declaring each
§ 7. The bank is hereby empowered to pay all interest that has accrued or
may hereafter'accrue upon the bonds of the State, now sold or hereafter to be
sold, and to deduct the amount of such interest from any dividends accruing to
the State, on account of the stock in said bank owned by the State.
§ 8. Said bank and its branches shall have power to demand and receive reasonable rates of premium on inland exchange, drawn and made payable within
§ 9. It shall be the duty of the State, punctually to pay the interest which
has accrued, or may hereafter accrue, semi-annually, on the State bonds which
have been or may hereafter be issued, on account of, or in payment of the stock
in said bank owned by the State.
§ 10.    The Bank is hereby authorized and empowered to mortgage, pledge'
Identifier LAWS_10th_1838-1839_0011.tif
Transcript MISSOURI. II •>fi 5. Loans of a certain fund limited to $5,000. ib. Preference given to smallerloans. 6. Part of former law repealed, and Bank authorized to retain a certain portion of the nett profits. 7. Bank'authorized to pay interest for the State. 8. Bank authorized toreceive a .premium on inland bills of exchange. 9. Duty of State to pay interest punctually. a , 10. Bank.authorized to mortgage, &c. State bonds. 11. Books of subscription to be re-opened. 12. For what time books shall be kept open. ib. - After that time, duty of Treasurer and Governor. Be it enacted by Ike General Assembly of the State of Missouri, as follows: § 1. The Governor shall, immediately upon the passage and taking effect of this act, withdraw from the Bank of the State of Missouri, all the bonds of the State, issued in conformity with the act of which this is amendatory, which have been delivered to said bank, in payment of the stock in said bank subscribed by the State, and which remain unsold, and in lieu thereof, he shall execute to said bank the bonds of the State for the same amount, in the manner prescribed by the act of which this is amendatory. , § 2. The bonds issued in pursuance of the provisions of the preceding section, shall bear interest at the rate of six per centum per annum, payable semi-annually. , _ § 3. The principal and interest of said bonds shall be payable in the city of London in England, or elsewhere, in sterling currency, Francs or Guilders, as the said bank shall deem advisable. § 4. The State of Missouri hereby guarantees the payment of all sums, which shall be received on deposit, or forrowed by said bank under the provisions of the thirty-seventh section of the act of which this is amendatory; and for the payment of all such sums so received on deposit, or borrowed by said bank, the faith and credit of the State is hereby pledged. § 5. No person'ir. company shall ever be accommodated,, cither directly or indirectly, out of the fund raised and set apart by the thirty-seventh section of the act of which this is amendatory, in a larger sum than five thousand dollars; and all applications for small loans shall have preference to large ones, unless both can be granted, subject, however, to such by-laws and regulations, as the presir dent and directors of the bank may from time to time establish, not inconsistent with the provisions of this act. § 6. So much of the thirty-second section of the act of which this is amendatory, as requires the bank to make semi-annual dividends of the entire nett profits of the bank,'is hereby repealed, and the said bank is hereby empowered to lay aside, to be deducted from the nett profits of the bank, one per cent, on the amount of capital stock actually paid in, at the time of declaring each semi-annual dividend. § 7. The bank is hereby empowered to pay all interest that has accrued or may hereafter'accrue upon the bonds of the State, now sold or hereafter to be sold, and to deduct the amount of such interest from any dividends accruing to the State, on account of the stock in said bank owned by the State. § 8. Said bank and its branches shall have power to demand and receive reasonable rates of premium on inland exchange, drawn and made payable within this State. § 9. It shall be the duty of the State, punctually to pay the interest which has accrued, or may hereafter accrue, semi-annually, on the State bonds which have been or may hereafter be issued, on account of, or in payment of the stock in said bank owned by the State. § 10. The Bank is hereby authorized and empowered to mortgage, pledge'