SECTION. For the security of the depositors of the said institution, it shall be the duty of the persons named in the first section of this association, and such others as may become Capital not to members of said association, to raise and form a capital of not exceed less than ten thousand dollars, and not more than fifty thousand $50,000. dollars, in shares of twenty-five dollars cach, which capital shall be at all times liable for the depositors for the amount of their deposits, and of the interest accruing thereon; the said shares shall be transferable on the books of the company, in Shares trans- such manner as may be designated by the by-laws of the said institution.

ferable.

Mectings to be held.

7 trustees elected.

SECTION 3. After ten days notice, given by the three persons Notice to be first named in the first section of this act, in at least two newsgiven. papers published in the borough of Harrisburg, a meeting of all the persons above named, or a majority of them, shall be held at a time and place in said borough, to be specified in said notice, when and where said persons, or a majority of them, shall proceed, the individuals giving the notice acting as judges of the election, to elect by ballot, from their own number, seven trustees to manage the affairs of said institution for one year after the same shall have commenced operations, and until their successors shall be duly elected and qualified to take their seats, and the second and all future elections of trustees, shall be held at such times and in such manner, in all respects, as the by-laws shall prescribe, and at such elections all such persons as shall be members of the institution, having been duly admitted as members under the provisions of this act, shall be alone entitled to vote at such elections, and be eligible to the situation of trustees, and the second set of trustees thus elected, and all others thereafter elected, shall hold their offices for one year, and until their successors shall be duly qualified to take their seats, and in case of the death, resignation, removal, public insolvency, or inability to act of any of the said trustees, the remainder of the board, or a majority thereof, may proceed to supply the vacancy, for the first one year, from the persons named in the first section of this act, and afterwards from among the regular members of said corporation, and after the said one year no person shall have a vote in any of the proceedings of said corporation, except those who shall have become members thereof as above indicated, but no director of any bank shall be a trustee in this institution.

Eligibility to

vote.

Power to elect and appoint officers.

SECTION 4. The trustees aforesaid, shall have power to elect a president from their own body, and in case of his absence or inability to act, a president pro tem., and to appoint a treasurer and all other officers, agents, and servants, necessary for the performance of the proper business of the institution, and in their discretion to dismiss them; and it shall be the duty of the trustees to take from their treasurer a bond, with two or more Treasurer to sufficient sureties to their satisfaction, in such sum as they shall give bond. deem proper, conditioned for the faithful and due execution of

Trustees not

his office, and the treasurer shall not be allowed to carry on, directly or indirectly, any other business than that of the institution, without express permission from the trustees, under the penalty of three thousand dollars, to be recovered for the use of the institution; and the said trustees shall take such security for the good behaviour of their treasurer, as the by-laws shall pre. scribe, and shall establish the compensation to be made to the treasurer, which, together with all expenses, shall be paid out of allowed to the corporate funds; but no trustee or other officer in said in- borrow, &c. stitution, shall ever be allowed to borrow any sum from the more than do. same, upon any security or any pretence, except in the same positors, exproportion as shall be allowed to all depositors on security of cept on setheir deposit, not exceeding three-fourths thereof. curity of their SECTION 5. The said corporation shall be authorized to Corporation invest its funds in public stocks of this State, or of the United States, or real securities, or in the discount of notes and personal its funds in securities: Provided, That the rate of discount at which loans public stock. may be made by the said institution, shall not exceed one-half Proviso. per centum, for thirty days, and it shall not purchase promissory notes, bills, bonds, or other negotiable securities, at a greater rate of discount.

deposites.

may invest

as deposits

SECTION 6. The said institution shall receive as deposits, from all persons who shall offer the same, any sum not less May receive than one dollar, to be paid to such depositor when required, any sum over and at such times, and with such interest, and under such $1. regulations, as the trustees in the by-laws may prescribe, which regulations shall be put up in some conspicuous part of the office in which the business of the institution may be transacted, but no interest shall be allowed on any deposits until they shall amount to the sum of five dollars; and every additional sum of five dollars that may be deposited, shall bear interest in like manner; the interest shall be estimated by calendar months, and in order to avoid the calculations of interest for days, upon small amounts, no interest will be allowed for the fractional part of a month; the trustees shall be at liberty to return the amount of the deposit of any individual, with his interest, and close his account, on giving him four weeks notice thereof.

SECTION 7. The trustees shall have power to prescribe bylaws, the mode of subscription and deposit of those intending to become members of the institution, and the form of the certificates to be issued to such as well as to temporary depositors, and the manner of making them transferable, and to provide for the investment of the funds of the institution in mortgages, with or without power of sale, and authority to enter judg ment thereon, and other real securities, public stocks and bank stocks of this State or of the United States, as shall be deemed appropriate and safe, and to provide for the admission of members who shall be eligible to membership, and to furnish the proper testimonials thereof.

Interest al

lowed.

SECTION 8. Every person, being a citizen of the United States, who shall subscribe this act and the by-laws, and shall at the rate of one dollar per week or four dollars per month When certifi- have deposited one hundred dollars, shall receive a certificate

cates shall

issue.

up.

thereof; and every person who shall at the rate of two dollars per week or eight dollars per month have deposited two hundred dollars, shall receive a certificate thereof; and every such person who shall at the rate of three dollars per week or twelve dollars per month have deposited three hundred dollars, shall receive a certificate thereof; and so on in the same ratio for every grade of depositors per week or month; and every holder of such certificate, who shall have been the bona fide owner thereof for six months, shall be eligible for membership, but no person thus subscribing or paying, shall deposit or pay in more than the sum of five hundred dollars in any one year; and every member of this institution who shall be the bona fide owner of a certificate of deposit of one hundred dollars, and less than five hundred dollars, shall be entitled to one vote for the first hundred dollars, and to two votes if the amount exceed three hundred dollars, and every member who shall be the boa fide owner of a certificate of five hundred dollars and upwards, shall be entitled to three votes.

SECTION 9. On the first Monday of May and November in each When semiyear, the trustees shall cause a semi-annual interest acannual int'st count to be made up, stating the amount of interest due to each shall be made regular member, and after fifteen days make payment thereof, if demanded, to such member, or those legally entitled thereto, at the office of the institution; but in no case shall the capital of the institution be impaired by such dividends or payments of interest; and once in five years, or oftener if the trustees shall deem it expedient, they shall cause a dividend to be made and paid in like manner, of the profits of the institution, if any shall have accumulated, retaining always such contingent fund as shall seem necessary to promote the interests of the institution and the payment of its current expense; and the trustees shall Notice to be cause public notice to be given, in one or more newspapers pubgiven of the lished in the borough of Harrisburg, at regular intervals of six months, of the terms on which deposits are received at the institution; and it shall be the duty of the trustees to furnish annually, prior to the first Monday of December, under the oath or affirmation of the president or treasurer, to the Auditor Gencral, a statement, specifying the general state of the affairs of the institution, as they shall stand on the first Tuesday in November in cach year, that the same may be laid before the legislature before the first Monday in January following.

terms on

which depo

sites are received.

SECTION 10. The said Harrisburg Savings institution shall not in any case, or for any purpose, issue its own bills in the manner of bank notes upon loan for circulation as money, to loan any notes other than such as are received at par on de

or

posit in the banks of the United States or the banks of this State.

fraud.

SECTION 11. In all cases of loss of money to the institution by the fraud of the trustees, they shall individually be liable Liability for for the same; but such trustees as shall be absent at the commission of such fraud, and not concurring therein, and such as shall be present and dissent therefrom, entering their protest upon the minutes, shall be exonerated from such liability, by forthwith giving notice of the fact to the members; but without such fraud no trustee or member shall be liable in his person or property for any debts, contracts or engagements of the institution, and the money, rights, property and credit thereof, and nothing more shall be liable for the same, and no trustee, except the president, shall be entitled to any emolument for his services.

SECTION 12. So much of this act as incorporates the Harrisburg Savings institution, shall continue and be in force for 15 years inthe term of fifteen years; but if at any time the said corpora- corporation. tion shall misuse or abuse any of the privileges granted by this Legislature act, or if it shall appear that the said privileges are injurious to may revoke the citizens of this Commonwealth, the Legislature shall have and annual. power to revoke or annul them at any time they may deem the same expedient.

WM. PATTERSON,

Speaker of the House of Representatives.

JACOB KERN,

Speaker of the Senate.

APPROVED-The fourteenth day of April, one thousand eight hundred and thirty-four.

GEO: WOLF.

No. 184.

AN ACT

To regulate the inspection of flour in the boroughs of Harrisburg and

Columbia.

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 from and after the passage of this act, the Governor shall appoint and commission two persons of good character and 2 inspectore competent abilities, to be inspector of flour, in and for the bo of flour for rough of Harrisburg, in the county of Dauphin, and one in and Harrisburg

1 for Columbia for the borough of Columbia, in the county of Lancaster, who shall take and subscribe an oath or affirmation, before some judge or justice of the peace, to perform the duties enjoined by this act with impartiality and fidelity.

Of casks or

SECTION 2. From and after the passage of this act, every eask or barrel of wheat flour bolted, which shall be offered for barrels, &c. sale in said borough, shall be made merchantable, and of due fineness, without any mixture of coarser or other flour, and shall contain the full quantity and weight of one hundred and ninety-six pounds.

Wheat flour shall be

weighed and tare marked

thereon. Penalty for false tare.

SECTION 3. All casks or barrels in which wheat flour shall be packed, and which shall be offered for sale as aforesaid, shall be weighed and tare marked thereon, and if any person shall put a false or wrong tare on any such cask or barrel of flour to the disadvantage of the purchaser, he or she shall forfeit for every cask or barrel so falsely tared,the sum of seventyfive cents, and the said inspector upon suspicion, or upon the request of the buyers, shall, and is hereby required, to unpack any such cask or barrel of flour as aforesaid, and if there shall be a lesser quantity of flour therein than is above directed, or, if the cask or barrel wherein the said flour is packed, shall be found to weigh more than the tare marked thereon, then the said person or persons offering the said flour for sale, shall pay the charges for unpacking and repacking, over and above the penalty aforesaid, but otherwise the said charges shall be paid by the inspector or by the purchaser if the trial be made at his request.

Upon request SECTION 4. Upon the request of the purchasers of wheat wheat flour flour offered for sale as aforesaid, the same shall be offershall be ex- ed to the view and examination of the aforesaid inspector, who amined by shall try and search the same by boring the head and piercing the inspector. it through with a proper instrument, in order to prove whether it be honestly and well packed, and also to enable him to judge of the goodness thereof, and shall afterwards plug up the hole, which plug or plugs shall be stamped with letters B. H. when Stamp B. II. the inspection is made in Harrisburg, and with the letters B. C. when in Har- when the inspection is made in Columbia, by the said inspectors risburg, and respectively, who shall also designate the quality of flour so B. C. when in viewed and examined by him as aforesaid, by marking the

Columbia.

same in plain and legible characters on each cask or barrel, so viewed and examined as aforesaid, for which services he shall receive three cents for each cask, and no more.

SECTION 5. Where any dispute shall arise between the inIn case of spector or owner or possessor, concerning the fineness or gooddispute, bow ness of such flour then upon application made by the owner or to proceed. possessor of such flour, to one of the justices of the peace of said borough, the said justice shall issue his warrant to three indifferent and judicious persons to be triers thereof, one of them to be named by the said owner or possessor, one by the said inspector, and the third by the said justice of the peace, directing