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the choice of officers, and by transacting any other business necessary to the well ordering of the same.

Sec. 10. It shall be the duty of the president and managers of said corporation to make an annual report to the general assembly, containing the amount of deposits and dividends declared and made. Provided always, that this shall be deemed a public act, and may be altered or repealed at the will of the general assembly.

AUTHORIZING BRIDGEPORT SAVINGS BANK TO PURCHASE CITY BONDS.

PASSED 1848. Resolved by this Assembly, That the Bridgeport Savings Bank be and is hereby authorized and empowered to invest a sum not exceeding fifteen per cent. of the amount actually on deposit in said bank, in the bonds of the city of Bridgeport, issued under the provisions of the act of the general assembly, passed May session, 1847. Provided, that the amount thus invested, added to the amount loaned by said bank on personal security, shall not in tho whole amount to more than twenty-five per cent. of the amount actually on deposit in said bank.

AUTHORIZING SAVINGS BANK AT BRIDGEPORT TO PURCHASE REAL ESTATE.

PASSED 1849.

Resolved by this Assembly, That the Savings Bank at Bridgeport be and said bank is hereby authorized to purchase and hold real estate, in said Bridgeport, to the amount of seven thousand dollars, other than that which may be conveyed to said bank for security or in payment of debts.

INCORPORATING THE COLLINSVILLE SAVINGS SOCIETY.

PASSED 1853.

Resolved by this Assembly, Sec. 1. That Charles Blair, Horatio N. Goodwin, Samuel N. Codding, George P. Haywood, Theodore Pettibone, Ephraim Hough, Michael Sinott, Jonathan B. Bodwell, Levi Tucker, Or rin S. Case, Cushman H. Thayer, Giles H. Nearing, Seth P. Norton, Rollin O. Humphrey, Earl D. Colton, Lucius H. Haywood and Pliney O. Humphrey, be and are hereby incorporated by the name, style and title of the Collinsville Savings Society, and that they and such others as shall be duly elected members of the 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 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 and of the United States; they may also have a common seal, which may be changed and renewed at pleasure; that all deeds, conveyances and grants, covenants and agreements made by their treasurer or any other person by their authority and direction, according to the by-laws of this institution, shall be good and valid, and the said corporation shall at all times have power to sue, and may be sued, may defend and shall be held to answer by the name and style aforesaid.

Sec. 3. 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 to exceed the sum of four hundred dollars from any individual in any one year, and to use and improve the same for the purposes and according to the discretion herein provided.

Sec. 4. 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 trustees on mortgage of real estate unincumbered, equal in value to double the amount of the loan secured thereon ; except to an amount not exceeding three quarters of the amount actually on deposit in said corporation, which said sum may be invested in the purchase of stock of any of the banks of this state or any other, or public stock of any state or of the United States, or of any of the incorporated cities of this state, or of New York, Albany, Boston or Provi. dence, or undoubted personal security, or in any manner not inconsistent with the laws of this state and of the United States; 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 deposits may be withdrawn by the uwner 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. 5. Said corporation shall at their annual meeting in July have power to elect by ballot any other person or persons to be members of said corporation, and shall so elect, whenever members of said corporation shall be reduced below twenty ; provided, however, that no person so elected shall become a member of said corporation, until he shall assent thereto by a written declaration by him subscribed on the books of said savings bank.

SEC. 6. A meeting of the members of said corporation shall hereafter be held at Canton some time in the month of July, annually, and at such

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times as they may judge expedient; and any seven members of said corporation, the president, 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 such officers as to them shall appear necessary; which officers so chosen shall continue in office one year and until others are chosen in their places; and all officers so chosen shall be under oath to the faithful performance of the duties of their offices respectively.

Sec. 7. No member of said corporation shall be a 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 trustee of said corporation shall be entitled to or receive any compensation for his services.

SEC. 8. Charles Blair, Horatio N. Goodwin, Samuel N. Codding, or either two of them, be and they are hereby 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, and said meeting shall be held at Canton, in the month of July.

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 SAVINGS BANK OF DANBURY.

PASSED 1849.

Upon the petition of Elias S. Sanford and others, praying for an act of

incorporation for a savings bank in said Danbury, as per petition on file, dated the 8th day of May, 1849, will appear :

Resolved by this Assembly, SEC. 1. That Elias S, Sanford, Aaron Seeley, John W. Irwin, George W. Ives, David P. Nichols, Frederick S. Wildman, David D. Wildman, John S. Sherwood, Lucius P. Hoyt, Edgar S. Tweedy, Abijah E. Tweedy, Nathaniel H. Wildman, be and they are hereby incorporated by the name and style of The Savings Bank of Danbury, and that they and such others shall be duly elected members of said incorporation, shall be and remain a body politic and corporate, by the name, style and title aforesaid, forever.

SEC. 2. That said corporation shall be capable of receiving from any person or persons disposed to obtain and enjoy the advantages of said corporation, any deposit or deposits of money, not exceeding in any year the sum of two hundred dollars from any individual.

SEC. 3. All deposits of money received by said corporation shall be used and improved to the best advantage, by loaning the same, in a manner not inconsistent with the laws of this state; or by investing the same by purchase in bank stock or any other public stock of any state, and disposing of the same as the interest of said corporation may require; and the income or profits thereof shall be applied as dividends among the persons making the deposits, their executors and administrators, in just proportion, with such reasonable reduction as may be chargeable thereon. And the principal sums of such deposits may be withdrawn by the 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 four months previous to such withdrawal.

SEO. 4. Said corporation at their annual meetings shall have power to elect by ballot any other person or persons to be members of said corporation.

Sec. 5. Said corporation may have a common seal, which they may change and renew at pleasure; and all deeds, conveyances, grants, cove nants and agreements made by their treasurer or any other person by their anthority and direction shall be good and valid; and said corporation shall at all times have power to sue and be sued, plead and be impleaded, by the name and style aforesaid.

SEO. 6. A meeting of the members of said corporation shall hereafter be held at said Danbury, some time in the month of June annually, and at such other times as they shall judge expedient; and any ter members of said corporation, the president, a vice president, treasurer or secretary, being one, shall be a quorum. And said corporation, at said annual meetings in June, may elect a president, vice president, five directors and all other such 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.

Sec. 7. No member of said corporation shall be the hirer or borrower, or surety for any hirer or borrower, of any part of the funds of the same; and no president, vice president or trustee shall be entitled to, or receive any compensation for services.

Sec. 8. Said corporation shall have power to make such by-laws as they may deem necessary for the management of the same; provided said by-laws do not conflict with the constitution or laws of this state or the United States.

SEC. 9. George W. Ives, John W. Irwin and Frederick S. Wildman, Esquires, are hereby authorized to call the first meeting of said corporation, by causing personal notice of the same to be served upon the members thereof, at least three days before the time of such meeting; and said meeting shall be held in the month of June, 1849, in said town of Danbury.

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.

Always provided, That this resolution, or any part thereof, may be altered, amended or repealed at the pleasure of the general assembly.

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INCORPORATNG THE DEEP RIVER SAVINGS BANK.

PASSED 1851.

Upon the petition of Alpheus Starkey and others, praying for an act of

incorporation for a savings bank, to be located at the village of Deep River, in the town of Saybrook, and county of Middlesex, as per petition on file, dated the twenty-ninth day of April, A. D. 1851, will fully appear:

Resolved by this Assembly, Sec. 1. That Alpheus Starkey, George Read, Zebulon Brockway, Sedley Snow, John C. Rogers, Joseph Post, Henry Wooster, Henry W. Gilbert, Joshua L'Hommedieu, Samuel P. Russell, Joseph' H. Mäther, Ulysses Pratt, Ezra S. Williams and Calvin B. Rogers, be and they hereby are incorporated by the name and style of the Deep River Savings Bank; and that they and such others as shall be duly elected members of said corporation, shall be and remain a body politic and corporate, by the name and style aforesaid, forever.

Sec. 2. That said corporation shall be capable of receiving from any person or persons disposed to obtain and enjoy the advantages of said corporation, any deposit or deposits of money, not exceeding in any one year the sum limited by law; and shall be governed by and comply with all laws relating to savings banks and savings societies.

SEC. 3. All deposits of money received by said corporation shall be used and improved to the best advantage, by loaning or investing the same in a manner not inconsistent with the laws of this state; and said corporation may dispose of the same, as the interest of said corporation may require; and the income or profits thereof shall be applied as dividends among the persons making the deposits, their executors and administrators, in just proportion, with such reasonable reduction as may be chargeable thereon. And the principal sums of such deposits may be withdrawn by the 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 such withdrawal.

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

Sec. 5. Said corporation may have a common seal, which they may change and renew at pleasure; and all deeds, conveyances, grants, covenants and agreements made by their treasurer or any other person by their authority and direction, shall be good and valid; and said corporation sball, at all times, have power to sue and be sued, plead and be impleaded by the name and style aforesaid.

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

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of said corporation, annually,

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