THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

capital stock of said bank, and within thirty days

CHAP. 320.

after such augmentation shall be made.

SEC. 15. And be it enacted, That if at any time the

On failure, right to

said bank neglect or refuse to pay in gold and silver

interest

any of its notes, bills or obligations, or any money re-

ceived on deposite in violation of the contract, promise

or undertaking of said bank; the person or persons ea-

titled to demand and receive such payment, shall re-

spectively receive and recover interest on said bills,

notes or obligations and deposites, until the same shall

he 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

Proviso

he sufficient, to pay the said extra rate of interest over

and above the sum of its debt and common interest

thereon.

SEC. 16. And be it enacted, That if the said bank

Rights of debtor

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

and creditor

notes, obligations, bills or money received on deposits,

the holder of such note, bill or obligation, or the per-

son 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. 17. And be it enacted, That if the said bank

Distribution of

shall at any time suspend its payments, the assets

assets

which said bank may bold or be in anywise entitled to,

at the time of such suspension of payment, shall be

rateably distributed to and among all the persons who

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

respectively.

SEC. 18. And be it enacted, That this act shall con-

In force till 1850

tinue and he in full force and effect, until the year

eighteen hundred and sixty, and until the end of the

first session of the general assembly that shall happen

thereafter.