of the Connecticut State Agricultural Society, and that the comptroller be authorized annually to draw an order at some time in the month of October on the treasurer of this state, for the sum aforesaid, payable to the treasurer of said society.

Provided, that said society shall in each year, by subscription or otherwise, raise a like sum; and the comptroller shall draw and deliver such order in each year in the month aforesaid, at such time as satisfactory evi dence shall be presented to him by the officers of said society that an equal amount has been raised and expended for the objects of the said society during the current year.

GRANTING USE OF STATE HOUSE TO AGRICULTURAL AND HORTICULTURAL SOCIETIES OF NEW HAVEN COUNTY.

PASSED 1842.

Resolved by this Assembly, That the Agricultural and Horticultural Societies of New Haven County be hereby authorized to occupy, under the direction of the sheriff, such portions of the first story and basement of the state house in New Haven, belonging to this state, as they may need for their exhibitions.

GRANTING USE OF THE STATE HOUSE TO THE NEW HAVEN COUNTY AGRICULTURAL AND TO THE HORTICULTURAL SOCIETY OF NEW HAVEN.

PASSED 1845.

Resolved by this Assembly, That the New Haven County Agricultural Society and the Horticultural Society of New Haven, jointly and severally, are hereby authorized to make use, for their exhibitions, of such parts of the state house in New Haven, as they may need; under the charge of the sheriff of said county.

CHANGING NAME OF THE HORTICULTURAL SOCIETY OF NEW HAVEN.

PASSED 1846.

Resolved by this Assembly, That the name of "The Horticultural Society of New Haven," be and the same is hereby changed; and that the name shall hereafter be The New Haven County Horticultural Society.

AMENDING THE CHARTER OF THE NEW HAVEN COUNTY HORTICULTURAL SOCIETY.

PASSED 1854.

Resolved by this Assembly, That the second section of the resolve incorporating the New Haven County Horticultural Society, be and the same is hereby repealed.

INCORPORATING AN AGRICULTURAL ASSOCIATION IN LITCHFIELD COUNTY.

PASSED 1851.

SEC. 1. Resolved, That John Boyd and Horace Humphrey may, by a notice published in a newspaper published in the county of Litchfield, at least three weeks before the fourth Monday of August next, call a meeting of the inhabitants of said county, to be held on said day in the town of Winchester, in said county, to form an agricultural association for the purposes hereinafter specified, and all the persons present at said meeting may, if they see fit, form themselves into such association; which society, the provisions of this resolution having been complied with, shall be a body corporate, and.may choose a president and other officers, enact bylaws not inconsistent with the laws of this state, and compel a due observance thereof by suitable penalties, and may sue and be sued, and do all things for the well ordering of their affairs; provided, that before any such corporation shall be entitled to the privileges granted in this chapter, it shall lodge with the secretary of state a copy of their articles of association.

SEC. 2. Such association, when it shall have raised by contribution or tax upon individuals, a sum not less than one hundred dollars, in any one year, to be thereafter expended for the uses of the society during the then current year, shall be entitled to receive, in the months of September and October of that year, out of the treasury of the state, a sum equal to the amount so raised by said society; provided, that no such society shall receive from the treasury more than the sum of two hundred dollars, in any one year.

SEC. 3. If such society shall claim such allowance out of the state treasury, it shall file in the office of the comptroller of public accounts, in the month of September or October, a certificate signed by the president and treasurer of said society, specifying under oath the sum actually raised by said society as aforesaid; and the comptroller shall thereupon draw an order on the treasurer, in favor of such society, for the sum for which said society is entitled.

SEC. 4. Such society receiving said allowance from the state treasury, shall offer, annually, by way of premiums, or shall otherwise apply, at

their discretion, for the improvement and encouragement of agriculture or manufactures, the whole amount so received from the state, together with an equal amount received from the contributions or tax upon individuals. And said society shall also transmit to the office of the secretary of state, in the month of January annually, a statement of their proceedings in relation to the expenditure of such money, specifying the nature of the encouragement offered by the society, and the objects for which the premiums have been offered, and to whom they were awarded; provided, that all money offered for premiums which shall not be awarded or paid, shall be placed in the hands of the treasurer of the society, to be expended in like manner, for promoting the objects of the society.

SEC. 5. This resolution may be altered, amended or repealed at the pleasure of the general assembly.

AUTHORIZING THE LITCHFIELD COUNTY AGRICULTURAL SOCIETY TO HOLD REAL ESTATE

PASSED 1858.

Resolved, That the Litchfield County Agricultural Society shall be authorized to hold real estate and the buildings and appurtenances and other improvements made thereon, to the amount of two thousand five hundred dollars, and shall be authorized to convey the same whenever the said society shall deem for their interest to do so.

AUTHORIZING THE JOINT STOCK COMPANY, IN AID OF THE LITCHFIELD COUNTY AGRICULTURAL SOCIETY, TO HOLD LANDS.

PASSED 1854.

Resolved, That the joint stock company, which has or may be formed and organized to aid the Litchfield County Agricultural Society in its operations, be and they are hereby authorized to hold lands with the buildings, appurtenances and other improvements thereon, to the amount or value of twenty-five hundred dollars or less; and shall be authorized to regulate, lease, and convey the same whenever the said company shall deem it for their interest to do so.

TITLE III.

BANKS.

IMPOSING A BONUS ON ALL BANKS CHARTERED AND BANKS WHOSE CAPITALS WERE INCREASED IN 1854.

PASSED 1854.

Resolved, That a bonus of two per cent. upon the amount of their respective capitals, be paid by all banks that have been or may be chartered the present session, into the state treasury; and a like amount shall be paid as aforesaid, by banks whose capitals have been or may be increased the present session, upon the amount of increase. Provided, that this act shall not apply to any bank which, at the time of its original charter, paid a bonus on its capital of three per cent. or more. Provided, that no bonus, other than that expressed in this resolution, shall be paid by any bank chartered at this session, anything in its act of incorporation to the contrary notwithstanding. And provided further, that it shall not be lawful for any such banks to commence operations until the amount of such bonus proportionate to the capital with which such banks may commence business, shall have been paid into the state treasury as aforesaid; and upon any increase of such capital as allowed in their charter, a similar proportion shall in like manner be paid; and further provided, that this resolution shall not apply to any bank or association for savings.

INCORPORATING "THE BANK OF NORTH AMERICA."

PASSED 1851.

SEC. 1. Resolved, That the stockholders of the Bank of North America, their successors and assigns, shall be and remain a body politic and corporate, by the name of "The Bank of North America," to be located and established in the town of Seymour, in the county of New Haven, and by that name shall be capable in law to purchase and hold all kinds of property, real and personal, and the same at pleasure to sell and convey, to sue and be sued in all courts whatsoever, to have and to use a common seal such as they may devise, to make and carry into effect all such by-laws and regulations as may be deemed expedient for the proper management of the affairs of the corporation, not repugnant to their charter, the laws

of the state, or of the United States, and generally to do and cause to be executed all such acts and things as to them may appertain, subject to the provisions herein contained.

SEC. 2. The capital stock of said bank shall consist of two thousand shares, each share being fifty dollars, which shall be transferable according to such rules as may be established by the directors. That at the time of subscribing the stock to said bank there shall be paid, in gold and silver, or in bank notes of any bank in the state of Connecticut, (provided they shall be at par value in this state,) ten dollars on each share of the stock of said bank, and a like sum of ten dollars on each of said shares sixty days thereafter, and the sum of five dollars on each of said shares at the expiration of thirty days thereafter, and a like sum of five dollars on each share at the expiration of every sixty days thereafter, until the whole amount so subscribed to said capital stock shall have been paid in; that the said corporation shall not commence the business of banking until onehalf of the capital stock so subscribed shall have actually been paid in. And the notes of individuals shall not be received in payment of any sum which may be due for subscriptions to the said capital stock. Nor shall said corporation loan to any individual, copartnership or corporation, a sum exceeding ten per cent. of the capital stock actually paid in at the time of such loan. And said corporation shall pay into the treasury of this state, to be appropriated to the education of the deaf and dumb of this state, a sum equal to one per cent. on all the capital stock paid in: said payment to the treasury to be made within six months from the time the installments are received at the bank.

SEC. 3. The subscriptions towards constituting the capital stock of said bank shall be opened at said town of Seymour, on the third Tuesday of July, A. D. 1851, under the superintendence of three commissioners, viz, Alfred Blackman, Stephen W. Kellogg, and Joel White, or at such other time or times as said commissioners shall deem necessary and proper, and of which they shall give fifteen days' notice in three of the newspapers published in the city of New Haven. If the subscription to the capital stock of said bank shall exceed two thousand shares, the commissioners shall reduce the number of shares to two thousand shares; for which it shall be their duty to make all necessary inquiries, and to apportion the shares in such manner and to such persons, as to them may appear proper, having regard to the interests of the bank and the accommodation of the public. In case of failure to pay the first installment, the subscription shall be void; and in case of failure to pay the second installment, the first shall be forfeited to the bank; and in case of failure to pay any subsequent installment, the party so failing shall lose the benefit of any dividend which may be made during the time said payment shall have been delayed. Said commissioners, after they shall have apportioned the capital stock of said bank, shall immediately call the first meeting of the stockholders, for the purpose of choosing directors of the bank, who when chosen shall continue in office until the first annual meeting of the stockholders, which shall be held in the said town of Seymour, on the first Monday of July in each year.

SEC. 4. For the well ordering of the affairs of the corporation, there shall be seven directors, who shall be residents of this state, and who shall be elected annually by the stockholders in general meeting, and none but