Interest on loans. Process in lation of charter. after established by a law of the United States: Provided, that investment in such stock shall not exceed, at any one time, one half of the capital stock of the Bank hereby created. XXVII. Be it further enacted, That the said corporation shall not take more than six per cent. per annum upon its loans or discounts, which may be received in advance at the time of discount. XXVIII. Be it further enacted, That whenever case of vio- the Legislature may be of opinion that the charter of the corporation hereby granted shall have been violated, it may be lawful, by joint resolution, to direct the Attorney General, with such assistant counsel as the Governor or Legislature may think proper to engage, to issue a writ of scire facias, returnable before the Judges of the Supreme Court of the State, calling upon said corporation to show cause why the charter hereby granted shall not be forfeited, subject to the same proceedings as are now prescribed by law in cases of other corporations Penalty for refusing to redeem notes. Penalty for forgery or counter feiting. XXIX. Be it further enacted, That if any person or persons holding any note or notes of said Bank, shall present the same for payment at the principal Bank, or either of its branches or agen. cies, where such note or notes are payable, and the payment shall be refused, the said note or notes shall draw interest, at the rate of twelve per cent. per annum, from the time of said demand, and the said Bank shall pay the same; any law to the contrary otwithstanding. XXX. Be it further enacted, That if any person. shall falsely make, forge or counterfeit, cause or procure to be falsely made, forged or counterfeited, or willingly aid or assist in falsely making, forging or counterfeiting any bill or note, in imitation, or purporting to be a bill or note issued by order of the president and directors of the Bank of the State of North Carolina, or any order or check on said Bank or corporation, or any cashier thereof, or shall falsely alter, or cause or procure to be falsely altered, or willingly aid or assist in falsely altering any bill or note issued by order of the president and directors of the Bank of the State of North Carolina, or any order or check pa the said Bank or corporration, or any cashier thereof; or shall pass, or receive with intent to pass, utter or publish, or attempt to pass, utter or publish, as true, any false, forged or counterfeited bill or note, issued by order of the president and directors of the Bank of the State of North Carolina, or any false, forged or counterfeited check upon the said Bank or corporation, or any cashier thereof, knowing the same to be falsely forged or counterfeited, or shall pass, or receive with intent to pass, utter or publish, or attempt to pass, utter or publish, as true, any falsely altered bill or note, issued by order of the president and directors of the Bank of the State of North Carolina, or any falsely altered order or check on the said Bank or corporation, or any cashier thereof, knowing the same to be falsely altered, with intention to defraud the said corporation or any other body politic or person, every such person shall be deemed and adjudged guilty of felony, and being thereof convicted by due course of law, shall be punished by fine and imprisonment, not exceeding three years, putting in the pillory, public whipping not exceeding thirty lashes on his or her bare back; all or any of them, at the disc-etion of the court, due regard being had to the circumstances of the offence. XXXI. Be it further enacted, That no note shall No notes to be issued by the Bank of the State of North Caro- issue under lina for a less sum than three dollars. 3 dollars. XXXII. And be it further enacted, That this Limiting Bank shall at no time have in circulation more the circula. than twice the amount of its capital. tion. Cashier contain the XXXIII. Be it further enacted, That the cashshall keep ier shall keep a book to contain the proceedings of a book to the board of directors, the names of those present, proceed the day and date of each meeting, and shall record ins of the the yeas and nays on any question, when asked for board of by any director. This book shall be evidence in directors courts of justice; and on entering on the discharge which shall of his duties, the cashier shall take the following ny in court. oath before some justice of the peace, by whom it shall be returned to the office of the clerk of the county court: "I, A. B. do solemnly swear to keep a just and true record, without alterations or erasures, of the transactions of the board of directors of the Bank of the State of North Carolina, in a book to be kept by me for that purpose." be testimo By whom directors for the AN ACT Supplemental to the Act to establish a Bank in the State of North Carolina. Be it enacted by the General Assembly of the State of North Carolina, and it is hereby enacted by the authority of the same, That until otherwise State shall provided by law, the Governor, Secretary of State, be appoint-and Comptroller of Public Accounts, shall have authority, and it shall be their duty to appoint such directors as the State may be authorised to appoint, to represent the public stock in the Bank of the State of North Carolina. ed. Duty of to sub. II. Be it further enacted, That in addition to the stock that may be subscribed for in said instiTreasurer tution by the president and directors of the Literary Fund, it shall be the duty of the Public Trea surer to subscribe, from time to time, for such further amount of stock as the condition of the public treasury may, in his opinion, justify. scribe for stock. ་ 17 authorised to borrow. III. Be it further enacted, That the Public Public Treasurer shall have authority, if in his opinion Treasurer such a measure shall be expedient, to borrow, in behalf of the State, from the Banks of Newbern and Cape Fear such sums of money, or any part thereof, as the State may be entitled to borrow under the provisions of the amended charter of those institutions granted in the year eighteen hundred and fourteen. IV. And be it further enacted, That it shall be When the lawful for the Bank of the State of North Caro- Bank may lina to go into operation whenever one half of the go into amount of individual stock, authorised by the act operation, to which this is a supplement, shall be subscribed for and paid in gold and silver, or the equivalent thereof. |