THOMAS W. VEAZKY, ESQUIRE, GOVERNOR.

1835.

shall respectively receive and recover interest on said

CHAP 315.

bills, notes, obligations and deposites, until the same

shall be fully paid and satisfied, at the rate of twelve

per centum per annum from the time of such demand;

Provided, and so far as the assets of said bank shall be

Proviso

sufficient to pay over and above the sum of its debt and

common interest thereon, the said extra rate of interest;

and provided however, the power is reserved to this

State to revoke this charter, if at any time the said

bank refuses or fails to pay specie for any of its notes.

SEC. 11. And be it enacted, That if the said bank

Rights as to set off

shall neglect or refuse to pay as aforesaid, any of its

bills, notes, obligations or money received on deposite,

the holder of such notes, bills or obligations, or the

person or persons entitled to demand and receive such

money, shall be respectively entitled only to demand

and receive as creditor, or as debtor, to claim and set

off such part of the [sum] of its assets as shall be actual-

ly distributable and payable to such creditor or debtor

at the time when such claim or demand may be made;

Provided, the concerns of said bank shall be or become

Proviso

before any such demand is made or set off attempted,

in process of being wound up for equitable distribution

of its assets among all its creditors.

SEC. 12. And be it enacted. That if the said bank

Assets

shall at any time suspend its payments, the assets

which said bank may hold, or be in any wise entitled

to, at the time of such suspension of payment, shall be

ratably distributed to and amongst all the persons who

shall be its creditors at such time, and to their assigns

respectively.

SEC. 15. And be it enacted, That whenever required

Act as commissio-* ers of loans

respective and appropriate duties of commissioners of

loans for this State, without charging or claiming any

allowance whatsoever for the same.

SEC. 14. And, be it enacted, That at any time here-

Power reserved as to restriction of

after, the notes or issues of [this corporation, common-

notes

ly called and known as bank notes, may be restricted

by the legislature, to a denomination not less than that

of the notes, or issues of] any other incorporated bank

6.3