JOHN LEE CARROLL, ESQUIRE, GOVESNOR. 741
vivors and their successors in office, be and they
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are hereby constituted and made a body corporate
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and politic under the name and style of the Bank
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of Centreville.
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SEC. 2. And be it enacted, That said corpora-
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tion, under the above name and style, is hereby
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made able and capable in law to sue and be sued,
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May sue and
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plead and be impleaded, answer and be answered,
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be sued.
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defend and be defended, in courts of record or
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any other place whatsoever ; to make, have and
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use a common seal, and the same to break, alter
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and renew at their pleasure, and generally to do
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and execute, all and singular, such acts, matters
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and things as a corporation or body politic may
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and can lawfully execute.
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SEC. 3. And be it enacted. That the capital stock
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of the Bank of Centreville, intended to be created
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Capital stock
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by this act, shall be seventy-five thousand dollars,
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in shares of one hundred dollars each. Five dol-
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lars shall be paid on each share of stock at the
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time of subscribing, and the remainder in instal-
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ments as the board of directors may determine
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and require ; and privilege is hereby given to the
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said corporation to increase the capital stock to
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two hundred thousand dollars, by new subscrip-
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tions or by adding to the said capital semi-annu-
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ally a portion of its net profits not otherwise ap-
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priated whenever it shall be so determined by the
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board of directors.
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SEC. 4. And be it enacted, That the persons
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named in the first section of this act be and they
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are hereby appointed commissioners to receive
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Who are com-
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subscriptions to the capital stock of the said cor-
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missioners.
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poration, and they, or a majority of them, may
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cause books to be opened at such times and places
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as they may direct for the purpose of receiving
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such subscriptions, and may keep the same open
until the whole number of shares, amounting to
seventy-five thousand dollars, shall be subscribed
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for ; and when the sum of fifty thousand dollars
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of stock shall have been subscribed, and twenty
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thousand dollars paid thereon, then it shall be law-
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ful for said bank to proceed in all things according
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to this charter.
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