SEC. 9. It shall be the duty of the president and trustees of said corporation to make an annual report to the general assembly, containing an account of the amount of deposits and dividends declared and made.

SEC. 10. That this act may be altered, amended or repealed at the pleasure of the general assembly.

SEC. 11. This act shall take effect from and after its passage.

INCORPORATING THE STAFFORDVILLE SAVINGS BANK.

PASSED 1855.

Resolved by this Assembly, SEC. 1. That Eliab A. Converse, Edward G. Hyde, Sidney Smith, Jotham G. Smith, Timothy Fosket, Parley Howe, Ebenezer Colburn, Hannibal Alden, Chester Scripter, Clark H. Grant, Ephraim H. Hyde, 2d, Elijah Fairman, Jasper H. Bolton, John Pinney, Moses B. Harvey, Rufus G. Pinney, Henry Trall, Marcus Howland, Parley Converse, Prescott S. Belcher, Daniel F. Fairman, Joseph H. Converse and Warren Chapin, be and hereby are incorporated by the name, style and title of" The Staffordville Savings Bank," and that they and such others as shall be duly elected members of said corporation, as in this act provided, shall be and remain a body politic and corporate, by the same name, style and title, forever.

SEC. 2. The said corporation shall be capable of receiving from any person or persons disposed to obtain and enjoy the advantages of said incorporation, any deposit or deposits of money, not exceeding four hundred dollars from any individual in any one year, and to use and improve the same agreeable to the provisions of this act and the statute law of this

state.

SEC. 3. All deposits of money received by said corporation shall be used and improved to the best advantage, by loaning the same, and in a manner not inconsistent with the laws of this state; and the funds of said corporation may be vested by purchase of bank stock, in any bank in this state, in any public stock of any state or the United States, or on undoubted personal security; and said bank may dispose of the same from time time, to such an amount as will meet the demand for deposits. And the income or profits thereof shall be applied and divided among the persons making the deposits, their executors and administrators, in just proportion, with such reasonable deduction as may be chargeable thereon; and the principal of such deposit or deposits may be withdrawn by the owner or owners thereof, or by any other person or persons duly authorized for said purpose, on giving notice of such intention in writing, and lodging the same with the secretary of said corporation, at least two months previous to withdrawing such deposit or deposits.

SEC. 4. Said corporation shall, at their annual meeting, have power to elect by ballot any other person or persons to be members of said corpo

ration, and shall so elect so that their members may not be reduced below twelve in number.

SEC. 5. Said corporation may have a common seal, which they may change and renew at pleasure; and all deeds, conveyances and grants, covenants and agreements, made by their treasurer, or any other person or persons by their authority and direction, shall be good and valid; and said corporation shall at all times have power to sue and may be sued, may defend and shall be held to answer by their corporate name.

SEC. 6. Said corporation shall have their office of deposit in the village of Staffordville, in the town of Stafford, and shall hold their annual meeting in the month of July, and any special meetings at such other times as they may judge expedient; and any seven members of the corporation, the president, a vice president, treasurer or secretary, being one, shall be a quorum; and said corporation, at their annual meeting, shall have power to elect and choose a president, vice president, trustees and all other officers as to them shall appear necessary, which officers so chosen, shall continue in office one year, and until others are chosen in their room, and all officers so chosen shall be under oath to the faithful performance of the duties of their offices respectively.

SEC. 7. No director of said corporation shall be the hirer or borower of the funds of said corporation, or any part thereof, and no president, vice president or trustee of said corporation, shall be entitled to or receive any compensation for his services.

SEC. 8. The said corporation hereby are and forever shall be vested with the power of making by-laws for the more orderly managing of the business of the corporation, provided the same are not repugnant to the constitution and laws of this state.

SEC. 9. Eliab A. Converse be and he hereby is authorized to call the first meeting of the said corporation, by causing to be given to or left at the dwelling house of each member of the corporation, a printed or written notice of the time and place of holding said meeting, at least three days before the day of said meeting; and said meeting shall be held in the village of Stafford ville, in Stafford, in the month of July next.

SEC. 10. It shall be the duty of the president and directors of said corporation to make an annual report to the general assembly, containing an account of the amount of deposits and dividends declared and made. Provided always, that this act, or any part thereof, may be altered or repealed at the pleasure of the general assembly; and said bank shall be subject to the provisions of the public acts of this state relating to savings banks.

INCORPORATING THE STAMFORD SAVINGS BANK.

PASSED 1851.

Resolved, SEC. 1. That Theodore Davenport, John W. Leeds, Joseph D. Warren, Charles Hawley, George E. Waring, Edwin B. Hewes, Amos M. Brush, Stephen B. Provost, Drake Mead, Henry K. Skelding, Henry J. Sanford, Alexander N. Holly, Edwin Bishop, James H. Hoyt, Roswell Hoyt, Edwin S. Holly, Sands Adams, Luke Baker, Philip H. Brown, Jonathan D. Weeks, Charles H. Leeds, Isaac B. Redfield, George C. Close, John Dean, Joshua B. Ferris and Charles G. Rockwood, be and they are hereby incorporated by the name, style and title of the Stamford Savings Bank, and that they and such others as shall be duly elected members of said corporation, as in this act provided, shall be and remain a body politic and corporate, by the same name, style and title, forever.

SEC. 2. The said corporation shall be capable of receiving from any person or persons any deposit or deposits of money, not exceeding four hundred dollars, either directly or indirectly, from any individual in any one year, and to use and improve the same at their discretion as herein after provided.

SEC. 3. All deposits of money received by said corporation shall be used and improved to the best advantage, by loaning the same, by order or consent of a majority of the directors, on mortgage of real estate or other undoubted security, and in a manner not inconsistent with the laws of this state; and the said corporation may dispose of their said securities from time to time to such an amount as will meet demand for deposits, or as the interests of said corporation, in the estimation of the directors may seem to require; and the income and profits thereof shall be applied and divided in the manner required by the laws of this state. And the principal of such deposit or deposits may be withdrawn by the owner or owners thereof, or by any other person or persons duly authorized for that purpose, on giving notice of such intention in writing, and lodging the same with the secretary of said corporation, at least three months previous to withdrawing such deposit or deposits.

SEC. 4. Said corporation shall, at their annual meeting in July, have power to elect by ballot any other person or persons to be niembers of said corporation.

SEC. 5. Said corporation may have a common seal, which they may change and renew at pleasure; and all deeds, conveyances and grants, covenants and agreements made by their treasurer or any other person or persons by their authority and direction, according to the by-laws of said institution, shall be good and valid; and said corporation shall at all times have power to sue and may be sued, may defend, and shall be held to answer by their corporate name.

SEC. 6. A meeting of the members of said corporation shall hereafter be held at Stamford, some time in the month of July annually, and at such other times as they may judge expedient; and any seven members of the said corporation, the president or vice president, treasurer or secretary, being one, shall be a quorum; and the said corporation, at their an

nual meetings, shall have power to elect and choose a president, vice president, not less than five directors, and such officers other than these as to them shall appear necessary, which officers so chosen shall continue in office one year, and until others are chosen in their room; and all its officers shall be under oath faithfully to discharge the duties of their respective offices.

SEC. 7. No member of said corporation shall be the hirer or borrower, or surety for any hirer or borrower, of the funds of said corporation, or any part thereof; and no president, vice president or director of said corporation shall be entitled to or receive any compensation for his

services.

SEC. 8. The said corporation hereby are and forever shall be vested with the power of making by-laws for the more orderly management of the business of the corporation, provided the same are not repugnant to the constitution and laws of this state.

SEO. 9. James H. Hoyt and Joseph D. Warren shall be and they hereby are authorized to call the first meeting of said corporation, by causing personal notice to be given the members thereof of the time and place of holding said meeting, which shall be held in the month of July, 1851.

SEO. 10. This resolution, or any part thereof, may be altered or repealed at the pleasure of the general assembly.

INCORPORATING THE STONINGTON SAVINGS BANK.

PASSED 1850.

Be it resolved by the Senate and House of Representatives, in General Assembly convened, SEC. 1. That Charles P. Williams, Gurdon Trumbull, William Hyde, Jr., Ephraim Williams, John F. Trumbull, Stiles Stanton, Hiram Shaw, Oliver B. Grant, Jesse M. Brown, Benjamin Pomeroy, Francis Pendleton, Moses Pendleton, Joseph E. Smith and Horace L. Niles, be and they hereby are incorporated by the name, style and title of "The Stonington Savings Bank," and they and such others as shall be duly elected members of said corporation, as in this act provided, shall be and remain a body politic and corporate, by the name, style and title aforesaid, forever.

SEC. 2. Said corporation shall be capable of receiving from any person or persons any deposit or deposits of money, not exceeding four hundred dollars, either directly or indirectly, from any individual in any one year, and to use and improve the same at their discretion, as herein after provided.

SEC. 3. All deposits of money received by said corporation shall be used and improved to the best advantage, by loaning the same by order or consent of a majority of the directors, on mortgage of real estate unin

cumbered, equal in value to double the amount of the loan secured thereon, except to an amount not exceeding one-quarter of the amount actually on deposit in said corporation, which said sum may be invested in the purchase of stocks of the United States or bank stock in any bank in this state, or on undoubted personal security; provided, that said stocks may be sold from time to time to such an amount as will meet the demands for deposits; and the income or profits thereof shall be divided and applied among the persons making the deposits, their executors or administrators, in just proportions, with such reasonable deductions as may be chargeable thereon; and the principal of such deposit or deposits may be withdrawn by the owner or owners thereof, or by any other person or persons duly authorized for that purpose, on giving notice of such intention in writing, and lodging the same with the secretary of said corporation at least three months previous to withdrawing such deposit or deposits.

SEC. 4. Said corporation shall, at their annual meeting in June, elect by ballot any other person or persons to be members of said corporation, in case of any vacancy, so that the members shall not be reduced below nine in number.

SEC. 5. Said corporation may have a common seal, and all deeds, grants, covenants and agreements made by any person with their authority and direction, according to the by-laws of said corporation, shall be good and valid; and said corporation may sue and be sued, may defend and shall be held to answer by said corporate name.

SEC. 6. A meeting of the members of said corporation shall be held at Stonington in the month of June, annually, and at such other times as they shall judge expedient; and any seven members of said corporation, the president or vice president, secretary or treasurer, being one, shall be a quorum. And said corporation, at their annual meeting, shall elect a president, vice president, not less than five directors, and such other officers as shall appear to them necessary, which officers shall continue in office one year, and until others are chosen in their stead.

SEC. 7. No president, vice president, or director of said corporation shall be entitled to or receive any compensation for his services as such, and no member thereof shall be the hirer or borrower, or surety for any hirer or borrower, of the funds of said corporation, or any part thereof. SEC. 8. Said corporation shall have the power of making by-laws for the more orderly management of the business of the corporation, provided the same are not repugnant to the constitution and laws of this state.

SEC. 9. Stiles Stanton is hereby authorized to call the first meeting of said corporation, by causing personal notice to be given the members thereof of the time and place of holding said meeting in the month of July, 1850.

SEC. 10. It shall be the duty of the president and directors of said corporation to make annual reports to the general assembly of the deposits and dividends made and declared. Provided always, that this act may be altered, amended or repealed at the pleasure of the general assembly.