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widow of a revolutionary soldier, or to her order, forty dollars immediately, and an annuity of forty dollars during lise, payable half yearly, to commence on the first day of January, one thousand cight hundred and thirty-four.
WM. PATTERSON, Speaker of the House of Representatives.
Speaker of the Senate. APPROVED— The scventeenth day of January, Anno Domini, eighteen hundred and thirty-four.
sum pot cx
To recharter the Bank of Pittsburg. Thc charter
SECTION 1. of the Bank of
Be it enacted by the Senate and House of RePillsburg
presentatives of the Commonwealth of Pennsylvania in General extended for Assembly met, and it is hereby enacted by the authority of the 15 years from same, That the act entitled “ An act to recharter certain the first Wcd- banks,” approved the twenty-fifth day of March, one thousand May, A. D. eight hundred and twenty-four, be and the same is hereby ex1837. tended to the bank of Pittsburg, for fifteen years from the first
Wednesday in May, one thousand eight hundred and thirtyTo extend the seven. capital to any SECTION 2. It shall be lawful for the said bank of Pittsburg,
any time hereafter, to extend the capital stock of said bank ceeding, with the presents
by the creation and sale of new stock, to any amount not ex$1200,000. ceeding, with the present capital, the sum of twelve hundred Proviso. thousand dollars: Provided, That upon any increase of the To pay 5 per capital stock of said bank, the president and directors thereof ceni on any shall pay into the treasury of this Commonwealth five per cent. increase of
on the amount of any such increased capital, which sum shall capilal into s. treasury for
be placed to the credit of the common school fund. com. school SECTION 3.
For the sale and distribution of the said infund. creased capital stock, the directors of the bank of Pittsburg, or Incrcased ca- a majority of them, shall, as ofien as may be required, appoint pital stock to one of the commissioned auctioncers of the city of Pittsburg, be sold at auc. to sell the said stock at public outcry or auction; and the said tion in the city of Pills'g:
directors shall fix upon a certain place in the city of Pittsburg, Ten days no
for the sale of said stock, which placc shall afford a full and tice to be
commodious opportunity for all persons inclined to bid at said given in city sale, and shall give previous public notice of the tine and place ncwepapers. of said sale, for at lcast ten successive days, in all the newspa.
pers published in said city; and the said directors, or a ma- The directors jority of them, shall assemble at the place of sale, at the time or a majority
of them to alappointed, with the auctioneer, and shall superintend the said
tend the sale. sale: they shall cause the said auctioneer to set up to sale, by public outcry, one share of stock, which shall be disposed of to ihe highest and best bidder, who shall have the privilege of taking the said one share or more, not exceeding iwenty-five shares, at the price bid for the same; and the purchaser, there. The purchaapon, shall pay to the directors the premium, or advance above ser to pay the the par value of the share or shares, (if such premium shall be premium anå obtained,) and five dollars in addition, on account and in part each share. of each share, and shall then be entitled to subscribe for such purchased stock.
SECTION 4. The directors aforesaid, or a majority of Sale to be conthem, shall proceed to sell the said additional capital stock in tinued from the same manner, from day to day continuously, Sundays ex. day to day till
the whole or cepted, until the whole, or at least two kundred thousand dol.
$200,000 of lars of the said stock, is disposed of; and they shall make the stock be sich other regulations as may be necessary to carry the sale disposed of. of said stock, by auction, fully into effect: a full and correct Auctioneer to statement of the said sale, under oath or affirmation, shall be report on oath rendered to the State Treasurer by the said auctioneer, within or affirmation
to the S. treaten days after closing said sale, and the said auctioneer shall
surer a statedeclare, to the best of his knowledge and belief, that the said ment of the sale kas been fairly and honestly conducted, without any collu- sale and de. sion between the said auctioneer and any of the said directors, clare it to be or any other person or persons, otherwise than by the means
fairly conducauthorized by this act; and the proceeds of said sale, over and ted. above the par value of said stock, shall be received by said di- The premium rectors and paid over by them to the State Treasurer, first de- rec'd on said ducting the reasonable expenses of such sale, and it shall be stock, after credited in payment, or part payment, of the bonus required to
expenses, to be paid on the additional stock; and if the said excess, above be paid into the par value, shall not amount to the sum required for said the s. treas’y, bonus, the deficiency shall be made up by said bank upon the to be credned
to the bonus. amount of new stock created by this act, and sold at public sale as aforesaid ; but if it exceeds the amount of said bonus, the whole amount of such excess shall be for the use of the Commonwealth, and be appropriated to the common sehool
New stock te SECTION 5. All the new stock created by this act, which be called in shall have been actually disposed of, shall be called in and paid within one by the subscribers and stockholders, within one year from the year from the
sale thereof. time of such sale, due notice being given by the directors for
Right of the the payment of such instalments; and if, at the termination of bank to infour years from the passage of this act, any part of the said crease its caadditional new stock hereby authorized, should not be sold, then pital to cease, the right of the bank to create and sell such additional stock unless the
stock be sold shall cease and determine.
within 4 yrs,
Power to esta SECTION 6. The president and directors of the bank of blish a branch Pittsburg may, and they are hereby authorized to establish an in the county office of discount and deposit, at such place within the county of Beaver,
of Beaver, as the directors of the said bank of Pittsburg may
determine. Stockholders Section 7. Such part of the capital stock of said bank as failing to pay may not have been paid in, shall, at the call of the directors of instalments said bank, be paid in from time to time, in such sums as the shall pay 1 per said directors may direct; and any stockholder failing to pay for the delay, up such instalment or instalments, as may be called for by the and shall not directors, shall pay at the rate of one per cent. per month for receive a divi, such delay, over the time specified; nor shall any stockholder dend.
be entitled to any dividend arising from the bank, who has not Stockholders
the instalments called for; and should the said bank shall be indi. vidually liable
fail to meet its engagements, each person holding stock at the for debts of the time of said failure shall be individually liable for the debts of bank to the the bank, to the amount of the balance unpaid on the stock of am't of their such stockholders. stock unpaid.
SECTION 8. The fifth section of an act entitled, “ An act to 5th sec. of the establish a bank in the county of Lebanon, and for other pur. blish a bank poses," approved the eleventh day of April, one thousand eight in Lebanon hundred and twenty-seven, be and the same is hereby extended co. extended to the bank rechartered by this act. to this bank. SECTION 9. Whenever the dividends arising from the proWhen divid's fits of the said bank shall exceed twelve per cent. per annum exceed 12 per on the capital stock actually paid in, then one half of the said the Hall of the surplus shall be paid into the treasury, for the general purposes surplus to be
of education. paid into the SECTION 10. The privileges hereby granted to the said S. treasury. bank, shall be subject to such alterations, provisions and reSubject to al- strictions, as the Legisiature may, at any time hereafter, think terations by proper to enact, for the better regulation of the banking instithe Legisla. tutions of this Commonwealth, and shall be liable to such future taxa. taxes, whether on dividends or otherwise, as the Legislature tion. may at any timc hereafter impose.
WM. PATTERSON, Speaker of the House of Representatives.
Speaker of the Senate, APPROVED - The seventeenth day of January, onc thousand cight hundred and thirty-four.
To an act entitled, "An act to authorize an assignment of the concerns
of the Philadelphia and Pittsburg Transporting Corr.pany."
Whereas, it is represented that five assignees were appointed by the court of Common Pleas of the county of Philadelphia, in pursuance of the act to which this is a supplement, three of whom are dead, and the other two decline to act; that there are several debts due in this Commonwealth to said company : Therefore,
Section 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the Court of Common Pleas of Allegheny county, upon the petition of any of the creditors of the Philadelphia and Pittsburg Transporting company, is hereby authorized to appoint assignees in behalf of the creditors of said company, who shall have all the rights and powers conferred on such assignees by the act to which this is a supplement, passed the thirty-first day of March, Anno Domini, eighteen hundred and twenty-one.
WM. PATTERSON, Speaker of the House of Representatives.
Speaker of the Senate. APPROVED— The seventeenth day of January, one thousand eight hundred and thirty-four.
Authorizing the sale of the real estate of Samuel Mellick, late of North
ampton county, deceased.
SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That Jesse M. Howell and Jefferson K. Heckman, execu. tors of the last will and testament of Samuel Mellick, late of Williams township, in the county of Northampton, deceased,
be, and they are hereby authorized to sell at public or private sale, as to them shall seem expedient, the real estate late of said deceased, situated in the township aforesnid, or such part thereof as they shall think advisable, and to convey the same, either in whole or in parcels, to the purchaser or purchasers thereof : Provided, That before the execution of the deed or deeds for the premises, the said executors shall give bond with such security as the Orphan's Court of Northampton county will approve, conditioned for the faithful application and distribution of the proceeds of sale, as the said Orphan's Court, having reference to the last will and testament of the deceased and the situation of his estate, shall order and decree.
Speaker of the senate. APPROVED— The seventeenth day of January, Anno Domini eighteen hundred and thirty-four.
To repeal the several acts laying a tax on dogs in the county of Wash
Section 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That the act entitled “ An act laying a tax on dogs in the counties of Washington and Fayette, and for other purposes, passed the twenty-second of March, Anno Domini eighteen hundred and thirteen,” and the second section of an act cntitled “A further supplement to the act entitled • An act laying a tax on dogs, in certain counties, and for other purposes,' passed the eighteenth of March, eighteen hundred and twenty-six,” be, and the same are hereby repealed, so far as regards the county of Washington.
Speaker of the Senate. APPROVED – The twenty-first day of January, one thousand eight hundred and thirty-four.