ROBERT M. McLANE, ESQUIRE, GOVERNOR.

339

SEC. 9. And be it enacted, That if at any time said

corporation shall neglect or refuse to pay in gold and

silver, or lawful money of the United States, any of

its notes, bills, obligations or money received on de-

Failure to pay
note, &c.

posit, in violation of the contract, promise or under-

taking of said corporation, the person or persons

entitled to demand and receive such payment shall

respectively receive and recover interest on said bills,

Interest allow-

notes, obligations and deposits until the same shall be

ed.

fully paid and satisfied, at the rate of six per cent, per

annum from the time of such demand.

SEC. 10. And be it enacted, That if said corporation

shall neglect or refuse to pay as aforesaid any of its

notes, bills, obligations or money received on deposit,

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

In case of re-

son or persons entitled to demand and receive such

fusal to pay the

money, shall be respectively entitled only to demand

note.

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

such part of the sum of its assets as shall be actually

distributable and payable to such creditor or debtor at

the time when such claim or demand may be made.

SEC. 11. And be it enacted, That if said corporation

shall at any time suspend its payments, the assets

which said corporation may hold, or be in anywise

In case of sus-

entitled to at the time of such suspension of payment,

pension.

shall be ratably distributed to and among all the per-

sons who shall be its creditors at such time and to

their assigns respectively

SEC. 12. And be it enacted, That the continuance

of said corporation shall be on the condition that the

stockholders of said corporation shall be liable to the

amount of their respective share or shares of stock in

Condition of
continuance.

said corporation, for all its debts and liabilities upon

note, bill or otherwise; and upon this further condi-

tion, that this act, and every part of it, may be altered

from time to time, or repealed by the legislature.

SEC. 13. And be it enacted, That if the president

and directors should at any time suspend the active

business operations or workings of said corporation,

other than as now legally provided for, and the stock-

holders at a general meeting after such suspen-

In case of -sus-
pending or clos-

sion, or at any other time, determine to close the

ing.

banking operations by the vote of two-thirds of the

entire capital stock of said corporation represented in

person or by proxy, thenceforth it shall not be lawful

for said corporation to resume the exercise of its bank-