the secureties and affairs of the Bank, and make a report to the stockholders at a future meeting. That an agent be now appointed to take possession of all property mortgaged or pledged to the Bank, and to secure and collect debts as fast as possible, and to appoint an assistant or assistants if needed. That an assessment of ten per cent be recommended. That all stockholders be requested to sign a bond to the Suffolk Bank, in the sum of $50,000, as an indemnity to said Bank for redeeming a like sum of the bills of the Concord Bank. That a regular and legal meeting of the stockholders of Concord Bank, be called as early as may be at Concord. Amendment to the last article but one. That the Directors be authorized and directed to assign and transfer to the signers of the bord, securities of the Bank to the amount of $60,000, as an indemnity for signing the aforesaid bond. -all of which was adopted by a unanimous vote-and appointed for their committee of investigation Gen. Joseph Low, Hon. Matthew Harvey and Hon. Parker Noyes, and for their agent, Gen. Joseph Low. Voted, That Joseph Low and Samuel Fletcher be agents to the signers of the bond to Suffolk Bank, to receive from the Directors of Concord Bank, the securities above named, as a pledge for their security as above voted. PHILIP BROWN, Clerk. May 14. 1840. er. At a special meeting of the Directors of the Concord Bank. Present, Stephen Ambrose, John Cogswell and Samuel Fletch Chose Samuel Fletcher, Chairman. Whereas at a meeting of sundry stockholders of said Bank, at Hopkinton, on the 12th instant, a bond was executed to the Suffolk Bank, to indemnify said Suffolk Bank for redeeming the bills of the Concord Bank, to the amount of fifty thousand dollars, and Gen. Joseph Low was appointed agent of said Concord Bank, to receive the securities for debts due to said Concord Bank, and to collect and take further security for the same.. And whereas, since that time an examination of the means, and an attempt to obtain payment or security of some of the principal debtors of the Bank have resulted in disclosures which induce the said agent and the Directors present to believe that some of the securities of the Bank, hitherto supposed to be safe and available are doubtful, and that the funds of the Bank may not be sufficient to indemnify the signers of said bond and to meet the other liabilities of the Bank. And whereas, the Hon. Joshua Darling, the President of this Board, is now absent in Boston, therefore, Voted, That Gen. Joseph Low be requested to proceed im mediately to Boston, and if after consultation with said Darling, said Low and Darling shall deem it expedient to apprise the said Suffolk Bank of the doings of this meeting, to request said Suffolk Bank to redeem or receive no more of the bills of the Concord Bank, and to make all proper and necessary arrangements for the payment of the claims of said Suffolk Bank. Provided, That in case the said Low shall not find said Darling, and shall find that the balance against said Concord Bank, at said Suffolk Bank, shall have accumulated to from twenty-seven to thirty thousand dollars, or more, than the said Low, if in consultation with the officers of said Suffolk Bank, he shall deem it expedient, is authorized to apprise the said Suffolk Bank as aforesaid, and make the arrangements aforesaid. SAMUEL FLETCHER, STEPHEN AMBROSE, Directors. May 16, 1840. Voted, That it would be inexpedient for Gen. Low to pass to our credit, at Suffolk Bank, the $3,000 loan he made from Mechanicks Bank, on the 14th of May, 1840, and that said Low be directed not to make such deposite in behalf of Concord Bank. JOSHUA DARLING, Directors. At a special meeting of the Directors of Concord Bank, holden at Concord, May 18, 1840. Voted, To cancel the assignment of notes and securities made May Sth, and May 12th, 1840, to General Joseph Low, as will appear under those dates, and that said Low now delivers up to the Directors of Concord Bank, all the notes and securities named in both those assignments. And now we, the Directors of said Bank, hereby assign and make over to Joseph Low, Esq., the following schedule of notes and securities for the purpose of indemnifying the stockholders who signed a bond at Contoocookville, on May 12, 1840, to the President, Directors and Company of the Suffolk Bank, to indemnify them for taking out of the Boston market fifty thousand dollars of Concord bills of our Bank, and when our notice was received, that said Suffolk Bank had on Friday at 11 o'clock, A. M., received $27,100, of our money, and would thenceforward receive no more, and redeem no more of our Concord bills; and also, for to indemnify Mechanicks Bank, in Concord, for the ballance of ten thousand dollars, which the said Mechanicks Bank loaned to Concord Bank, being now about nine thousand dollars, and interest to wit: we pledge as aforesaid to said Low as follows : [Then follows a schedule of securities to the amount of $81, 054 50.] At a special meeting of the Directors, holden at the Bank, on the twenty-third day of May, 1840. Present, Joshua Darling, Stephen Ambrose and John Cogswell. Whereas, at a meeting of certain stockholders of the Concord Bank, holden at the Bank, on the 22d day of May instant, certain resolutions were passed of the import following, to wit: That the three thousand dollars deposited by Gen. Low, in the Suffolk Bank, be applied to pay the balance due from the Concord Bank to the Suffolk Bank. 2d. That debts due to the Bank on what are called stock notes, or debts due on pledge of stock, be paid in specie or bills received by the Suffolk Bank, and that Concord Bank bills be received for all other debts, including those which are pledged. 3d. That the signers of the bond to the Suffolk Bank be kept at all times secured and fully indemnified by securities or property of the bank, in, or to be put in their hands, which may be done by changing securities from time to time, and that the same be done in regard to the securities for the benefit of the Mechanicks Bank, for what is now due to that bank. 4th. That the securities now in the hands of Joseph Low, shall be delivered over to, and be held by trustees appointed by the sureties upon the bond to the Suffolk Bank, for the benefit of said sureties, and also those securities which are pledged for the benefit of the Mechanicks Bank. 5th. That the bills of the Bank now on hand be taken and burned by the President and Directors, after having given a receipt to the Cashier for the amount thereof; and that the same be done hereafter as often as once in two weeks, and that no more bills of this Bank be issued until further orders of the stockholders. 6th. That the current money that may come into the Bank be applied equally to discharge the debts due to the Suffolk Bank and Mechanicks Bank, in proportion to the amount of those debts, until they are discharged. 7th. That the Cashier be directed by the Directors to call a meeting of the stockholders, to be held on the 15th day of June next. Now therefore, Voted, That the three thousand dollars deposited by Gen. Joseph Low, in the Suffolk Bank, be applied to the balance due from the Concord Bank to said Suffolk Bank. Voted, That debts due to this Bank on stock notes, that is to say, debts due on pledge of stock, be paid in specie, or in bills current at the Suffolk Bank, and that the bills of this Bank be received for all other debts, including those which are pledged as follows. Voted, That the signers of the bond to the Suffolk Bank be kept at all times secured by notes, or other property of the Concord Bank, now in, or to be placed in their hands, which may be done by changing securities from time to time, and that the same be done with the securities for indemnifying the Mechanicks Bank for the balance due said Bank, being about $9,316. Voted, That the securities now in the hands of Joseph Low be delivered to Trustees appointed by the sureties on the bond to the Suffolk Bank, to indemnify said sureties, and that the same be done with the securities for the indemnity of the Mechanicks Bank. Voted, That the bills of this Bank now on hand, be burnt by the President and Directors, after having given a receipt for the amount thereof to the. Cashier, and that no more bills be issued until ordered by the stockholders. Voted, That the current money which may be received by the Bank be applied equally, to discharge the debts due to the Suffolk Bank and to the Mechanicks Bank, in proportion to the amount of those debts, until they are discharged. Voted, That the Cashier be directed to call a meeting of the stockholders, to be holden on the fifteenth day of June next. Voted, That the note against John Leach of Boston, and others, be collected, and the amount deposited in the Suffolk Bank to the credit of the Concord Bank. in Voted, That the Cashier be directed not to pay out foreign bills payment of any deposites, but to pay all foreign bills received, to the Suffolk Bank and Mechanicks Bank, in sums in proportion to their respective claims against Concord Bank. JOSHUA DARLING, Concord Bank, May 25, 1840. Directors. CONCORD BANK, ACT OF INCORPORATION. STATE OF NEW-HAMPSHIRE. In the year of our Lord, one thousand eight hundred and six. AN ACT to incorporate sundry persons by the name of the President, Directors and Company of the Concord Bank. SEC. 1. Be it enacted by the Senate and House of Representatives in General Court convened, That Timothy Walker, Caleb |