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An Act to incorporate the subscribers to the Mississippi Union Bank. 1837 34 (1837.1)

handle is hein.slavery/ssactsms0156 and id is 1 raw text is: LAWS OF MISSISSIPPI,

.AN ACT fo incorporate the subscribers to the Mississippi Union Bo'nk.s
§ 1. Be it enacted by the Legislature of the
State of Mississippi, That an institution shall be
established under the title of 1 The Mississippi
Union Bank, with a capital- of fifteen million
five hundred thousand dollars, which said capi-
tal shall be raised, by means of a loan, to be
obtained by the directors' of the institutiom
to no ~  S2. Beitfurther enacted, That books of wib-
tion be scription, for the sum of fifteen million five hun-
openea. dren thousand dollars, divided into shares of
ore hundred dollars each, and intended to se-
cure the loan of said fifteen million five hundred
thousand dollars, shall be opened after twenty
days' notice given in all newspapers published
in this state, and in all counties in which no
newspaper may be established, notice shall be
given by advertisement, posted up in three of
te tilost public places in each of said counties,
immediately after the promulgation of this act,
under the inspection of ten managers to be
chosen by joint ballot, by the :egis)ature; said
books of subscription shall' be kept open fi-om
10 o'clock, A. M., until three P. M., at the seat
of government of this state, which said books
shall be continued open for the six next ensuing
months, and at the termination of which period
of time, they shall be closed: immediately after
the expiration of said term, the directors to be
appointed, as hereafter provided for, or a ma-
jority of them, shall make a correct statement
In case of the said subscriptions; and in case the whole
she whole Sum subscribed fbr, shall amount to more than
amoontZ fifteen nIllion five hundred thousand dollars, the
scribet, said directors or a majority of them, shall deduct
op'- the amount of such excess from, first, the stock
d.    of which rifficient security shall not be offered,

34

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