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Session Laws, 1878
Volume 399, Page 745   View pdf image (33K)
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JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 745

said statement so made to the Treasurer, in one

Publish state-

newspaper, published in the town of Centreville,

ment.

such statement in all cases to be verified by the

 

oath or affirmation of the president or cashier of

 

said corporation.

 

SEC. 13. And be it enacted, That it shall be law-

 

ful for the said corporation to issue notes usually

Issue bank

denominated "Bank Notes," to an amount not at

notes.

any time exceeding double the amount of its

 

capital stock actually paid in ; and no note shall be

 

issued of a less amount or denomination than one

 

dollar, nor of any amount intermediate between

 

five and ten dollars; and the General Assembly

 

may at any time restrict the issue of such notes,

 

both in the amount which may be issued, and in

 

the denomination of notes ; but this section shall

 

not be construed as compulsory on said corpora-

Not compul-
sory.

tion to issue such bank notes, if the directors shall

 

at any time deem it advisable.

 

SEC. 14. And be it enacted, That the president,

 

each director and cashier, before entering upon

 

the duties of his office, shall take the following

 

oath or affirmation, as the case may be : "I do

Form of oath.

solemnly swear, or affirm, that I will faithfully,

 

impartially, diligently and honestly execute the

 

duties of ———— , agreeably to the provisions of

 

the law and the trust reposed in me, to the best of

 

my skill and judgment;" said oath or affirmation

 

to be taken before any justice of the peace or

 

other person having authority under the laws of

 

this State to administer oaths, and to be made in

 

writing, signed by the affiant, and filed among the

 

archives of the bank.

 

SEC. 15. And be it enacted, That the total amount

 

of the debts which the said corporation shall at

Liabilities

any time owe, exclusive of its issues or notes,

not to exceed

whether by bill, bond, note or contract, shall not

capital stock.

exceed the amount of the capital stock actually

 

paid in ; provided that money deposited in the

 

bank for safe keeping shall not be considered as

 

debts of the bank within the provisions of this

 

section, unless the contracting of a greater debt

 

shall have been previously authorized by a law of

 

53

 


 

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Session Laws, 1878
Volume 399, Page 745   View pdf image (33K)
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