JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 529
due notice, and transfer the stock so sold to the pur-
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chaser, as the said Directors may determine.
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SEC. 5. And be it enacted, That the Board of Direc-
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Declare divi-
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tors shall have power to declare dividends upon the
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dends.
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capital stock of said bank at any time after the accu-
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mulation of profits of said corporation shall exceed
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five per cent, on the amount of capital actually paid
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in ; provided said dividends do not reduce the sur-
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plus of profits of the bank below five per cent, on the
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Proviso.
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amount of capital actually paid in ; that at any time,
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after the payment of the original capital of twenty-
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five thousand dollars, as hereinbefore set forth, the
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Board of Directors may increase the capital stock of
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said bank to the amount of one hundred thousand
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dollars, or any part thereof, jn shares of fifty dollars
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each, and such additional stock shall be subject to
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all the liabilities, immunities and privileges of the
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original stock; stockholders shall have the option
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of subscribing to such additional stock within such
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lime as the Board of Directors may limit.
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SEC. 6. And be it enacted, That whenever any de-
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posit shall be made by a minor, the Board of Direc-
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Deposits.
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tors may at their discretion, pay to such depositor
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such sum or sums as may be due him or her, and
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the check, receipt or acquittance of such minor shall
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be valid ; and that the deposits of married women
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shall be received, held and paid out on the same
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terms and conditions as those of other adult persons.
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SEC. 7. And be it enacted, That, the stockholders of
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said bank shall be liable to the amount of their re-
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Liability.
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spective share or shares of stock in said bank, for all
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its debts and liabilities, upon notes, bills, or otherwise;
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the books, papers and accounts of said bank shall be
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open for inspection, under such regulations as may
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be prescribed by law.
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SEC. 8. And be it enacted, That this act shall take
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In force.
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effect from the date of its passage ; and the General
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Assembly reserves the right to alter or amend this
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act at pleasure.
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Approved 11th April, 1874.
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