PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

awl pay for every share he consents to accept the sum of
fifty dollars, the one half to the informer and the other
half to the State, to be adjudged and recovered on indict
ment and conviction or confession of the party accused,
in the county court of the county wherein the banking
house of said institution is or shall be situated.

CHAP.

SEC. 17. And be it enacted, That if at any time the
said bank neglect or refuse to pay in gold and silver any
of its notes, bills, obligations or any money received on
deposit, in violation of the contract, promise or undertak-
ing of said bank, the person or persons entitled to de-
mand and receive such payment shall respectively re-
ceive and recover interest on said bills, notes, obliga-
tions and deposites until the same shall be fully paid
and satisfied at the rate of twelve per centum per annum,

To pay
rest.

from the time of such demand; provided, and so far as
the assets of said bank shall be sufficient to pay over and
above the sum of its debt, and command interest thereon
the said extra rate of interest.

Proviso.

SEC. 18. And be it enacted, That if the said bank shall
neglect or refuse to pay as aforesaid any of its notes,
bills, obligations or money received on deposit, the hol-
der of such note, bill or obligation or the person or per-
sons entitled to demand and receive such money, shall
be respectively entitled to demand and receive as credi-
tor or as 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

Entitled to
set off, &c.

claim or demand may be made; provided, the affairs of
said bank shall be or become 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 cre-
ditors.

Proviso.

SEC. 19. And be it enacted, That if the said bank 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 payment, shall be ratably distributed amongst all
the persons who shall be its creditors at such time, and
to their assigns respectively.

In case of
suspension.

SEC. 20. And be it enacted, That at any time here-
after the note or issues of this corporation commonly
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 incorporated bank within this State,
the least denomination of whose notes or issues shall be
above five dollars.

Denominations

of notes.

SEC. 21. And be it enacted, That this act shall con-
tinue in force until the end of the year eighteen hun-

In force.