Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44561/
Timestamp: 2019-12-06 05:38:48
Document Index: 795183437

Matched Legal Cases: ['§ 3', '§ 4', '§ 5', '§ 6', '§ 3', '§ 4', '§ 5', '§ 6']

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BANK   AGENCIES. 25
exchange and promissory notes: And provided, also, That this section shall
not be so construed as to inflict a penalty on any person who may pass or offer to pass any bank bill on any foreign bank.
& 2. If any person or persons, association of persons, or body corporate,
or ao-ent of any foreign bank, or the agent or person acting as the ageraitof
such person or persons, association or body corporate, or foreign -banking
company, shall violate the foregoing provisions, every such personor'-pcrsons,
or the agent of such person or persons, association, or body corporate, or
foreign banking company, shall forfeit and pay the sum of one thousand dollars, to the use of the State, to be recovered by indictment, or said penalty
may be recovered by action of debt in any court having jurisdiction thereof,
in the county where the offence happened, one half to the use of the informer, ■
and the other half to the use of the State. And it shall also be the duty of
every judge, sheriff, justice of the peace, mayor, constable, or any other public officer of this State, to give information to the grand jury when they know
or have satisfactory information of any violation of the foregoing provisions
of this act; and for a failure, shall, upon conviction, be adjudged guilty of a
misdemeanor in office, and dealt with accordingly: Provided, this act shall
not apply to persons dealing on their own responsibility, and who are not connected in any manner with any foreign bank or banking company.
§ 3. Every day during which, or during any part of which, such prohibited banking-house, room, shop, agency or office, is kept open, or such prohibited business, or any of it transacted therein, shall constitute a new, separate and distinct offence, and shall be liable to a new, separate and distinct
penalty of one thousand dollars as aforesaid.
§ 4. No bond, bill or note, or other instrument of writing, executed after
the taking effect of this act, securing the payment of any money loaned or
advanced by any foreign banking company, situated or located, or while doing business within this State, ,or executed to any agent or person holding
himself out as agent of any foreign banking company as aforesaid, whether
said bond,. bill or note, be made payable to said foreign bank, or the agent
of said foreign bank, for the use and benefit of said bank, or to said agent or
to any other person, either directly or indirectly, for the use and benefit of
said bank, in whatever name or form the same may be drawn, shall be taken
and held as utterly void and of non-effect; and the person or persons'! or
either of them, jointly or severally, or their legal representatives, may, under
the plea of the general issue, give in evidence for whose use or benefit said
bond, bill or note was given, and whether the same was given for money loaned or advanced, or for checks, drafts, or bills sold and delivered by said foreign bank, or by the agent, or person holding himself out as such agent, or
by any other person, for the use and benefit of said foreign banking comp any,
and also under said issue, the parties aforesaid shall be allowed to prov e the
agency of said agent, or that the acts of any other person in the premise s, was
for the use and benefit of said bank, and if the issue be found for the person
setting up such defence, judgment shall be entered up in his or their favor,
which shall be a complete bar to the recovery of said bond, bill or note, or
§ 5. The parties on the trial of the issue aforesaid, shall be entitled to a
discovery by the other party, in the same manner, and under the same rules
and regulations, and with like effect, as is provided in the fourth article of an
act, entitled "An act to regulate practice at law," approved, March 17th,
1835, in cases where either party is entitled, by said act, to a discovery from
the other upon any issue joined.
§ 6.    It shall not be lawful for any foreign bank or banking company, to
Identifier LAWS_9th_1836-1838_0025.tif
Transcript BANK AGENCIES. 25 exchange and promissory notes: And provided, also, That this section shall not be so construed as to inflict a penalty on any person who may pass or offer to pass any bank bill on any foreign bank. & 2. If any person or persons, association of persons, or body corporate, or ao-ent of any foreign bank, or the agent or person acting as the ageraitof such person or persons, association or body corporate, or foreign -banking company, shall violate the foregoing provisions, every such personor'-pcrsons, or the agent of such person or persons, association, or body corporate, or foreign banking company, shall forfeit and pay the sum of one thousand dollars, to the use of the State, to be recovered by indictment, or said penalty may be recovered by action of debt in any court having jurisdiction thereof, in the county where the offence happened, one half to the use of the informer, ■ and the other half to the use of the State. And it shall also be the duty of every judge, sheriff, justice of the peace, mayor, constable, or any other public officer of this State, to give information to the grand jury when they know or have satisfactory information of any violation of the foregoing provisions of this act; and for a failure, shall, upon conviction, be adjudged guilty of a misdemeanor in office, and dealt with accordingly: Provided, this act shall not apply to persons dealing on their own responsibility, and who are not connected in any manner with any foreign bank or banking company. § 3. Every day during which, or during any part of which, such prohibited banking-house, room, shop, agency or office, is kept open, or such prohibited business, or any of it transacted therein, shall constitute a new, separate and distinct offence, and shall be liable to a new, separate and distinct penalty of one thousand dollars as aforesaid. § 4. No bond, bill or note, or other instrument of writing, executed after the taking effect of this act, securing the payment of any money loaned or advanced by any foreign banking company, situated or located, or while doing business within this State, ,or executed to any agent or person holding himself out as agent of any foreign banking company as aforesaid, whether said bond,. bill or note, be made payable to said foreign bank, or the agent of said foreign bank, for the use and benefit of said bank, or to said agent or to any other person, either directly or indirectly, for the use and benefit of said bank, in whatever name or form the same may be drawn, shall be taken and held as utterly void and of non-effect; and the person or persons'! or either of them, jointly or severally, or their legal representatives, may, under the plea of the general issue, give in evidence for whose use or benefit said bond, bill or note was given, and whether the same was given for money loaned or advanced, or for checks, drafts, or bills sold and delivered by said foreign bank, or by the agent, or person holding himself out as such agent, or by any other person, for the use and benefit of said foreign banking comp any, and also under said issue, the parties aforesaid shall be allowed to prov e the agency of said agent, or that the acts of any other person in the premise s, was for the use and benefit of said bank, and if the issue be found for the person setting up such defence, judgment shall be entered up in his or their favor, which shall be a complete bar to the recovery of said bond, bill or note, or any part thereof. § 5. The parties on the trial of the issue aforesaid, shall be entitled to a discovery by the other party, in the same manner, and under the same rules and regulations, and with like effect, as is provided in the fourth article of an act, entitled "An act to regulate practice at law," approved, March 17th, 1835, in cases where either party is entitled, by said act, to a discovery from the other upon any issue joined. § 6. It shall not be lawful for any foreign bank or banking company, to