1816. All public of ficers to pay by checks on the Bank. IV. And be it further enacted, That no payment of money shall be made by any public officer of this State, to either of the Treasurers, in any other manner than by a check or draft upon the Bank of the State of South Carolina, or its branches, which be nearest to the treasury, so as to make it indismay pensably necessary for such public officer to deposit his money in such Bank or its branches, previous to his making such payment." Penalty on individuals or companies for passing bills under $1. Ditto under $5. AN ACT TO PROHIBIT THE ISSUING OF BILLS OR NEGO- I. Be it enacted, &c. That from and after the first day of May next, all Bills or promissory notes, payable to order or bearer, which shall be issued by any individual or company or body corporate, the Bank of the State of South Carolina excepted, within this State, for any sum or sums under one dollar, shall be void; and any person or persons who shall pass, or attempt to pass, or receive, any such bill in payment, shall be liable to be indicted therefor, and on conviction thereof shall be fined not exceeding ten dollars. II. And be it further enacted, That from and after the first day of January, in the year of our Lord one thousand eight hundred and eighteen, any person or persons who shall, within this State, pass, or attempt to pass, or receive in payment, any bills or bills purporting to be bill or bills of any Bank or body corporate, the bills of the Bank of the State of South Carolina excepted, of a lower amount or denomination than five dollars, shall be liable to be indicted therefor, and on conviction thereof shall be fined not exceeding the sum of fifty dollars. III. And be it further enacted, That the Comptroller GeComptroller to neral of this State shall, forthwith, cause this Act to be pubpublish this lished four times in one of the gazettes of each district of this State where a gazette is published. Act. AN ACT TO AMEND THE SEVERAL ACTS INCORPORATING THE 1. Be it enacted, &c. That the President, Directors and company of any incorporated Bank in this State, shall be, and *These two sections were re-enacted in 1817 and 1818, in like words, and are therefore omitted from those years. they are hereby authorized, to make loans, on negotiable paper, for any period not exceeding twelve months, and also to open an account and give a credit to any other Bank or Banks in any of the sister States. 1816. II. And be it further enacted, That the said corporations. shall have power to vest, from time to time, such part of their May vest capcapital, not exceeding, (with the amount of stock any such ital in U. S. or Bank may now hold) one-half of the amount originally sub- State stock. scribed to such Bank, in the stock of this State or of the United States, as they in their judgment and discretion shall see fit and proper; and that all parts of the Acts of incorporation heretofore granted to them, repugnant to this Act and its provisions, be repealed; Provided, that this Act, or anything herein contained, shall not be construed so as to prevent the Legislature of this State from prohibiting the purchase of such stock, whenever it may be deemed expedient. AN ACT TO ALTER AND AMEND AN ACT ENTITLED " AN ACT A. A. 1817, S. L. vol. 8, p. 36. ters and Com I. Be it enacted, by the Honorable the Senate and House of Representatives, now met and sitting in General Assembly, Duties of the and by the authority of the same, That it shall be the duty of Clerks of the Prothonotary or Clerks of the Courts of Common Pleas Courts, Masand General Sessions, the Master and Commissioners in Equi-missioners in ty, and the Sheriffs of Charleston, Georgetown and Richland Equity, and Districts, on the first Monday in every month, to furnish or Sheriffs. cause to be furnished to the Board of Directors of the Bank of the State, or the Directors of the Branch where either of the aforesaid officers shall exercise his office, a statement, in writing, of all the monies which they have received in their official capacity, with the names of the persons on whose account it has been received, for the preceding month; and on failure thereof, he or they shall, respectively, for each offence, forfeit the sum of one thousand dollars, to be recovered as other penalties are directed to be recovered by the Act to establish the Bank of the State. II. And be it further enacted, That the Comptroller for the time being shall be, and he is hereby, authorized, whenever he Penalty. may think proper, to have access to, for examination, all the books and accounts of the Bank of the State, excepting the personal ledger, or book in which the deposits of individuals are entered. 1817. A. A. 1817, p. 41. S. L. vol., p. 69. President's salary. FROM "AN ACT TO INCREASE THE SALARIES OF THE GOVER- TIONED. III. And be it further enacted, That the President of the Bank of the State of South Carolina shall receive the sum of three thousand dollars, in lieu of the salary now allowed that officer by law. A. A. 1818, p. AN ACT TO ALTER AND AMEND THE CHARTER OF THE BANK OF THE STATE OF SOUTH CAROLINA. 24. S. L. vol. 8, p. 37. President to I. Be it enacted, by the Honorable the Senate and House direct the At-of Representatives, now met and sitting in General Assembly, torney Gene- and by the authority of the same, That it shall be the duty of ral to proceed the President of the mother Bank in Charleston, and of the against any Presidents of its Branches, to direct the Attorney General or officers. Solicitors to proceed according to law against any officer or officers failing, refusing, or neglecting to make the statements and deposits which he or they are by law bound and ordered to make. A. A. 1818, p. AN ACT TO ALTER AND AMEND THE CHARTER OF THE BANK OF THE STATE OF SOUTH CAROLINA. 25. S. L. vol. 8, p. 37. $5. Branches au- I. Be it enacted, by the Honorable the Senate and House thorized to is- of Representatives, now met and sitting in General Assembly, sue bills under and by the authority of the same, That from and after the passing of this Act, it shall and may be lawful for the Presidents and Cashiers respectively, of the Branches of the Bank of the State of South Carolina, to sign all bills of credit, payable on demand, of a lower denomination than five dollars, under such regulations as the President and Directors of the Bank of the State of South Carolina may direct. And the President and Cashier of the said Bank of the State of South Carolina are hereby exempted from signing the same; any law to the contrary notwithstanding. A. A. 1818, p. AN ACT TO AUTHORIZE THE PRESIDENT AND DIRECTORS OF S. L. vol. 8, p. 38. Branch to be established at Camden. I. Be it enacted, by the Honorable the Senate and House of Representatives, now met and sitting in General Assembly, and by the authority of the same, That the President and Directors of the Bank of the State of South Carolina shall, whenever they may deem it expedient, establish a Branch of the said Bank at Camden, with the like powers and authority, and in like manner, as the Branch now established at Columbia. 1818. AN ACT TO EXCUSE THE OFFICERS OF THE SEVERAL BRAN- A. A. 1818, p, S. L. vol. 8, p. 38, I. Be it enacted, by the Honorable the Senate and House Officers of the of Representatives, now met and sitting in General Assembly, branches exand by the authority of the same, That the Presidents and cused from Cashiers of the several Branches of the Bank of the State of militia and South Carolina, and Clerks employed in the same, shall be, jury duty. and they are hereby declared to be, exempted from the performance of ordinary militia duty and from serving on juries. FROM "AN ACT TO MAKE APPROPRIATIONS FOR THE YEAR A. A. 1819, p. 1819." 9. S. L. vol. 6, p. 136 and 138. Payments to III. And be it further enacted, That all payments hereafter to be made by the Treasurers of the Upper and Lower Divis- be made by ions of this State, shall be by drafts or checks upon the Bank checks on the of the State of South Carolina, or its branches, and in no Banks. other way. IV. And be it further enacted, That no payment of money shall be made by any public officer in this State, in any other manner than by a check or draft on the Bank of the State of South Carolina or its Branches nearest to the Treasury, so as to make it necessary for such public officer to deposite his money in said Bank or its Branches, previous to his making such payment. XIII. And be it further enacted, That so much of an Act, Repeal of the entitled "An Act to explain and amend an Act entitled an clause authoAct to establish a Bank on behalf of and for the benefit of rizing Comptroller General the State," passed on the eighteenth day of December, in the to pay over reyear of our Lord one thousand eight hundred and thirteen, as maining makes it the duty of the Comptroller General to transfer to funds. the Bank, on account of capital, on the second day of April, in each and every year, all monies received through the course of the preceding year, and then remaining in the treasury, be, and the same is hereby, repealed. 1820. A. A. 1820, p. 12. 151. FROM AN ACT TO RAISE SUPPLIES FOR THE YEAR 1820." XVI. WHEREAS, it appears by the report of the Commissioners appointed to prefer the claim of this State against the S. L. vol. 6, p. United States, that the same has not yet been passed; and it further appears from the same report, that a considerable time may yet elapse before a final adjustment thereof: And whereas, the Legislature, in their estimate of ways and means for the last year, placed amongst the probable receipts of the Treasury, in aid of the ordinary revenue of the State, a considerable part of the said claim, which has occasioned a deficit of one hundred and ninety-eight thousand eight hundred and seventy-eight dollars, two cents, which, with the probable deficit of the ensuing year, will make an aggregate against the Treasury, in favor of the Bank of the State of South Carolina, of which the interest and prosperity of the Bank may require to be reimbursed: Be it therefore enacted, by the authority aforesaid, That the President and Directors of the said Bank shall be, and they are hereby, authorized and empowered to sell for ready money, after due Six per cent. notice given in some of the gazettes of the City of Charleston, eight hundred thousand dollars of the stock of the State, bearing six per cent., at such times, and in such sums, and at such places, as they may think advisable: Provided, the same shall not at any time be sold under par. stock to be sold. Certificates of said stock to be made out. Names of purchasers to be entered in books. Form of the XVII. And be it further enacted, That the Treasurer of the Lower Division, under the direction of the Comptroller General, shall, from time to time, as he may be called upon by the Bank of the State of South Carolina, make out certificates of stock bearing an interest of six per cent., payable quarter yearly, in the names of such persons, and for such sums, as the President and Directors of the said Bank, by resolution of the Board thereof, may require, not exceeding in the whole the aforementioned sum of eight hundred thousand dollars. XVIII. And be it further enacted, That the Treasurer of the Lower Division, under the direction of the Comptroller General, shall open a set of books, and shall enter therein, in alphabetical order, the names of all the persons who may become purchasers of the stock hereby created and directed to be issued, and shall conduct the business in the same manner, and with the same checks, as has been heretofore done in relation to the former stock of the State. XIX. And be it enacted, That the following shall be the certificate of form of the certificates of stock hereby authorized to be issued: stock. State of South Carolina, Loan Office. No. Charleston. Be it known, that there is due from this State unto of six per cent. per annum, from the bearing interest day of 1821, payable quarter yearly, and not subject to re |