entitled to demand and receive such payment, shall
respectively receive and recover interest on said bills,
notes, obligations 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.
SEC. 12. And be it enacted, That if the corporation
shall neglect or refuse to pay, as aforesaid, any of its
notes, bills, obligations or money received on de-
posit, the holder of such note, bill or obligation, or
the person or persons entitled to demand and receive
as creditor or as debtor to the claim, and set off such
part of the sum of its assets as shall be actually dis-
tributable and payable to such creditors or debtors
at the time "when such claim or demand may be
made.
SEC. 13. And be it enacted. That if the corporation
shall at any time suspend its payments, the assets
which the corporation may hold or be in any wise
entitled to at the time of such suspension of pay-
ment, shall be ratably distributed to and among all
the persons who shall be its creditors, at such time
and to their assigns respectively.
SEC. 14. And be it enacted, That the continuance of
the corporation shall be on the condition that the
stockholders and directors of this corporation shall
be liable to the amount of their respective share or
shares of stock in this corporation, for all its debts
and liabilities upon note, bill, or otherwise; and upon
this further condition, that this Act and every part
of it may he altered from time to time, or repealed
by the Legislature.
SEC. 15. And be. it enacted, That if the President
and Directors should at any time suspend the active
business operations or workings of the corporation,
and a majority of the stockholders in general meet-
ing assembled determine to close the banking opera-
tions, thenceforth it shall not be lawful for the cor-
poration to resume the exercise of its banking powers
and franchises, but the same shall be closed; and
after the payment of its debts and liabilities, the re-
maining assets and property of the corporation shall
he divided among the stockholders or their assigns.
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Refusal to
pay obliga-
tions.
Suspend pay-
ments.
Liability of
stockholders.
Close bank'g
operations
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