ODEN BOWIE, ESQUIRE, GOVERNOR. 349
live stockholders, and shall be a lien on the shares
of stock held by said stockholders respectively,
whether resident or non-resident within this
State.
Sec. 8. And be it enacted, That if at any time
any of the said corporations shall neglect or refuse
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How charged
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to pay, in gold and silver, or lawful money of the
United States, any of its notes, bills, obligations
or money received on deposit in violation of the
contract, promise or undertaking of said corpora-
tion, the person or persons entitled to demand and
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Gold and Sil-
ver.
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receive such payment, shall respectively receive
and recover interest on said bills, notes, obliga-
tions and deposits, until the same shall be fully
paid and satisfied, at the rate of six per cent, per
annum, from the time of such demand.
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Recover inter-
est.
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Sec. 9. And be it enacted, That if the said corpo-
ration shall neglect or refuse to pay as aforesaid,
any of its notes, bills, obligations or money re-
ceived on deposit, the holder of such note, bill or
obligation, or the person or persons entitled to de-
mand and receive such money, shall be respectively
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Refusal to pay
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entitled only to demand and receive, as creditor or
as debtor, to claim and set off such part of its
assets as shall be actually distributable and pay-
able to such creditor or debtor, at the time when
such claim or demand may.be made.
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May demand.
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Sec. 10. And be it enacted, That if the said cor-
poration shall, at any time, suspend its payments,
the assets which said corporation may hold or be
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Suspend pay-
ment.
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in any wise entitled to at the time of such suspen-
sion of payment, shall be rateably distributed to
and among all the persons who shall be its credi-
tors at such time, and to their assigns respectively.
Sec. 11. And be it enacted, That the continuance
of the said several corporations shall be on the con-
dition that the stockholders and directors of each
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Distribute
among credi-
tors,
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of said corporations shall be liable to the amount
of their respective share or shares of stock in such
corporation, for all its debts and liabilities upon
note, bill or otherwise; and upon this further con-
dition, that this Act and every part of it may be
altered from time to time, or repealed, by the
Legislature.
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Liability of
stockholders.
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