Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/44879/
Timestamp: 2019-09-20 17:07:50
Document Index: 418429938

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 4', '§ 1', '§ 2', '§ 3', '§ 4']

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10 LAWS OF
Aprroved, Feb. 8, 1839
and impose a tax on licenses and sales, shall be in force from and after its
AN ACT to establish a second Branch of the Bank of the Stale of Missouri,
Sec. 1. Branch of the Bank established.
ib. Election and appointment of President and directors of branch.
ib. Appointment of directors regulated.
2. Tenure and term of officers.
3. When and what amount of the capital stock of the Bank shall be famished to the branch
4. When President and six directors shall be elected.
§ 1. There is hereby established a Branch of the Bank of the State of Missouri, to be loctated at Palmyra, in the county of Marion, with four Directors
and a President, on behalf of the State, to be elected by the General Assembly,
in the same manner as is provided in the first section of "an act to charter the
Bank of the State of Missouri" for the election of president and directors on
the part of the State, for the parent, bank; and four directors for said branch,
for the private stockholders, to be appointed by the directors of the stockholders
for the mother bank: Provided, the whole of the private stock of said Bank shall
be taken; and so long as the whole of the private stock shall not be taken, then
the directors, on the part of the stockholders, shall be appointed as aforesaid, in
proportion to the stock subscribed. But the holders of the private stock, shall,
at all events, be entitled to the appointment of two directors of said branch.
§ 2. The president and directors of said branch shall hold their offices for
the same time, and on the same terms, as the president and directors of the
mother bank.
§ 3. So soon as said branch shall be organized, said bank shall set apart and
furnish to the president and directors of the branch at Palmyra, at least one
tenth part of all the capital stock paid in, which shall be increased, from time
to time, in like proportion as the capital stock shall be paid in; but if the money
so deposited shall, at any time, remain idle for the term of sixty days, the president and. directors of the principal bank, shall have power to remove such surplus fund to any other branch, or to the principal bank.
§ 4. A president and six directors, on the part of the State, shall be elected
for said branch, during the present session of the General Assembly.
Approved, Jan. 17.
AN ACT amendatory of an act entitled "an act to charter the Bank of the Sm
of Missouri," approved, February, '2, 1837.
Sec, 1. The Governor shall withdraw from the bank the unsold State bonds, and execute others-
2. Interest of said bonds.
3. In what currency and places said bonds shall be payable. ,  n,
4. Faith and credit of the State pledged for the payment of certain doposites in, and
Identifier LAWS_9th_1836-1838_0346.tif
Transcript 10 LAWS OF in force Aprroved, Feb. 8, 1839 and impose a tax on licenses and sales, shall be in force from and after its This act shall be in force from its passage. BANK. AN ACT to establish a second Branch of the Bank of the Stale of Missouri, Sec. 1. Branch of the Bank established. ib. Election and appointment of President and directors of branch. ib. Appointment of directors regulated. 2. Tenure and term of officers. 3. When and what amount of the capital stock of the Bank shall be famished to the branch 4. When President and six directors shall be elected. Be it enacted by the General Assembly of the State of Missouri, as follows: § 1. There is hereby established a Branch of the Bank of the State of Missouri, to be loctated at Palmyra, in the county of Marion, with four Directors and a President, on behalf of the State, to be elected by the General Assembly, in the same manner as is provided in the first section of "an act to charter the Bank of the State of Missouri" for the election of president and directors on the part of the State, for the parent, bank; and four directors for said branch, for the private stockholders, to be appointed by the directors of the stockholders for the mother bank: Provided, the whole of the private stock of said Bank shall be taken; and so long as the whole of the private stock shall not be taken, then the directors, on the part of the stockholders, shall be appointed as aforesaid, in proportion to the stock subscribed. But the holders of the private stock, shall, at all events, be entitled to the appointment of two directors of said branch. § 2. The president and directors of said branch shall hold their offices for the same time, and on the same terms, as the president and directors of the mother bank. § 3. So soon as said branch shall be organized, said bank shall set apart and furnish to the president and directors of the branch at Palmyra, at least one tenth part of all the capital stock paid in, which shall be increased, from time to time, in like proportion as the capital stock shall be paid in; but if the money so deposited shall, at any time, remain idle for the term of sixty days, the president and. directors of the principal bank, shall have power to remove such surplus fund to any other branch, or to the principal bank. § 4. A president and six directors, on the part of the State, shall be elected for said branch, during the present session of the General Assembly. This act to take effect from its passage. Approved, Jan. 17. BANK. AN ACT amendatory of an act entitled "an act to charter the Bank of the Sm of Missouri," approved, February, '2, 1837. Sec, 1. The Governor shall withdraw from the bank the unsold State bonds, and execute others- 2. Interest of said bonds. 3. In what currency and places said bonds shall be payable. , n, 4. Faith and credit of the State pledged for the payment of certain doposites in, and to said bank.