Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44558/
Timestamp: 2019-09-23 21:00:50
Document Index: 627107903

Matched Legal Cases: ['§ 44', '§ 45', '§ 46', '§ 47', '§ 48', '§ 49', '§ 44', '§ 45', '§ 46', '§ 47', '§ 48', '§ 49']

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and the amount of gold and silver on hand; which statement shall be published in at least two newspapers. The bank shall furnish a like exhibit, on
the requisition of the General Assembly, and either House of the General
Assembly may appoint a committee to examine the books and papers, (except as aforesaid,) and count the funds on hand, to ascertain that such state-
-ment is correct. The Governor shall, after the election of the members of
the General Assembly, appoint three members elected, a committee, who
shall, prior to the meeting of the General Assembly, examine into the general
state and condition of the bank, and report the same to the General Assembly when convened. But no member of the General Assembly, being a stockholder of said bank, shall be appointed on said committee.
§ 44. Said bank shall not require a city or town endorser, when the security offered on applications for loans shall be deemed good; nor shall the
directors or partner of any director of said bank, have any preference in its
loans or discounts. Nor shall the president and directors give any one individual a preference over another, in the loans, discounts, or other transactions of said bank: Provided, the bank be made secure.
~ § 45. Any director of said bank, or of any branch of the same, may examine and inspect the books of said bank, and of the branch of which he may
be a director, at anytime, whether the board of directors be in session or not;
and the president or any director of the principal bank, may examine and inspect any of the books and the accounts of any of the branches or agencies,
which may be established, at any time, whether the board of directors may
be in session or not.
§ 46. The bills and notes issued by this bank, shall, in no case, exceed
one hundred per cent, above the amount of capital stock paid in, for the first
five years after the bank commences her issues. And after that period the
bank may, if, in the discretion of the directors, it be deemed advisable to do
so, increase her issues so as not to exceed two hundred per cent, above the
amount of the capital stock paid in. .
§ 47. If any cashier, officer, agent or servant of said bank, of its branches
or agencies, shall embezzle, or appropriate without authority from the president and directors, any of the funds of said bank to his own use, with intent
to cheat or defraud the president, directors, and company of said bank, or
shall fail to make correct entries, or shall make false entries upon the books
of said bank, with intent to defraud said bank, or any other person whatsoever, said cashier, officer, agent or servant, shall be guilty of felony, and shall
be sentenced, to confinement in the penitentiary for not less than two, and
§ 48. Whenever the General Assembly shallbe of opinion that this charter has been violated, and that the same has been forfeited, it may be lawful,
by joint resolution, to direct a scire facias to issue from the circuit court of
the county in which the principal bank may be situated, in name of the State
of Missouri, calling on said bank to show cause why its charter shall hot be declared forfeited, and the service of said scire facias upon the president and
any two of the directors of the principal bank, shall be a sufficient service;
and upon the return of the scire facias, said court shall examine into the
truth of such alleged violations, and if such violations be made to appear,
then to pronounce and. adjudge that the said charter is forfeited and annulled:
Provid ed, hoivener, That the said scire facias shall specify the nature of the
complaint and ground upon which the forfeiture is claimed, and every issue
of fact between the State and said Bank, shallbe tried by a jury empannelled
in said court for that purpose.
§ 49.    If at any time it appear by scire facias, or other judicial proceed-
Identifier LAWS_9th_1836-1838_0022.tif
Transcript 22 BANK. and the amount of gold and silver on hand; which statement shall be published in at least two newspapers. The bank shall furnish a like exhibit, on the requisition of the General Assembly, and either House of the General Assembly may appoint a committee to examine the books and papers, (except as aforesaid,) and count the funds on hand, to ascertain that such state- -ment is correct. The Governor shall, after the election of the members of the General Assembly, appoint three members elected, a committee, who shall, prior to the meeting of the General Assembly, examine into the general state and condition of the bank, and report the same to the General Assembly when convened. But no member of the General Assembly, being a stockholder of said bank, shall be appointed on said committee. § 44. Said bank shall not require a city or town endorser, when the security offered on applications for loans shall be deemed good; nor shall the directors or partner of any director of said bank, have any preference in its loans or discounts. Nor shall the president and directors give any one individual a preference over another, in the loans, discounts, or other transactions of said bank: Provided, the bank be made secure. ~ § 45. Any director of said bank, or of any branch of the same, may examine and inspect the books of said bank, and of the branch of which he may be a director, at anytime, whether the board of directors be in session or not; and the president or any director of the principal bank, may examine and inspect any of the books and the accounts of any of the branches or agencies, which may be established, at any time, whether the board of directors may be in session or not. § 46. The bills and notes issued by this bank, shall, in no case, exceed one hundred per cent, above the amount of capital stock paid in, for the first five years after the bank commences her issues. And after that period the bank may, if, in the discretion of the directors, it be deemed advisable to do so, increase her issues so as not to exceed two hundred per cent, above the amount of the capital stock paid in. . § 47. If any cashier, officer, agent or servant of said bank, of its branches or agencies, shall embezzle, or appropriate without authority from the president and directors, any of the funds of said bank to his own use, with intent to cheat or defraud the president, directors, and company of said bank, or shall fail to make correct entries, or shall make false entries upon the books of said bank, with intent to defraud said bank, or any other person whatsoever, said cashier, officer, agent or servant, shall be guilty of felony, and shall be sentenced, to confinement in the penitentiary for not less than two, and not more than twenty years. § 48. Whenever the General Assembly shallbe of opinion that this charter has been violated, and that the same has been forfeited, it may be lawful, by joint resolution, to direct a scire facias to issue from the circuit court of the county in which the principal bank may be situated, in name of the State of Missouri, calling on said bank to show cause why its charter shall hot be declared forfeited, and the service of said scire facias upon the president and any two of the directors of the principal bank, shall be a sufficient service; and upon the return of the scire facias, said court shall examine into the truth of such alleged violations, and if such violations be made to appear, then to pronounce and. adjudge that the said charter is forfeited and annulled: Provid ed, hoivener, That the said scire facias shall specify the nature of the complaint and ground upon which the forfeiture is claimed, and every issue of fact between the State and said Bank, shallbe tried by a jury empannelled in said court for that purpose. § 49. If at any time it appear by scire facias, or other judicial proceed-