|
CHAP. 317
|
spectively receive and recover interest on said bills,.
|
|
|
notes, obligations and deposites until the same shall be
|
|
|
fully paid and satisfied, at the rate of twelve per centum
|
|
Proviso
|
per annum, from the time of such demand; Provided,
|
|
|
and so far as the resets of said bank shall be sufficient
|
|
|
to pay, over and above the sum of its debts and
|
|
|
common interest thereon, the said extra rate of inte-
|
|
|
rest.
|
|
On refusal of bank
|
SEC. 22. And be it enacted, That if the said bank shall
|
|
|
neglect or refuse to pay as aforesaid, any of its bills,
|
|
|
notes, obligations or money received on deposits, the
|
|
|
holder of such notes, hills or obligations, or the person
|
|
|
or persons entitled to demand and receive such money,
|
|
Rights of debtor and creditor
|
shall he respectively entitled only to demand and re-
|
|
|
ceive as creditor, or as debtor to claim and set off such
|
|
|
part of the sum of its assets as shall be actually dis-
|
|
|
tributable and payable to such creditor or debtor, at
|
|
|
the time when such claim or demand may be made.
|
|
Distibution of
|
SEC. 23. 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
|
|
|
he rateably distributed to and amongst all the persons
|
|
|
who shall be its creditors at such time, and to their
|
|
Proviso
|
assigns respectively: Pro-vided, that t!ie affairs of said
|
|
|
bank shall be or become, in process of being wound up
|
|
|
for equitable distribution of its assets amongst all its
|
|
|
creditors, before any such demand is made or set off
|
|
|
attempted.
|
|
Commissioner of
|
SEC. 24. And be if enacted, That when required
|
|
loans
|
ed by law, the said bank shall do and perform the se-
|
|
|
veral respective and appropriate duties of commission-
|
|
|
ers of loans for this State, without charging or claim-
|
|
|
ing any allowance whatsoever for the same.
|
|
Restriction of is-
|
SEC. 25. And be it enacted, That at any time here-
|
|
sues
|
after, the notes or issues of this corporation, common-
|
|
|
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 within this State, the lowest denomination of
|
|
|
whose notes shall be above five dollars.
|
