agricultural & der, the original amount of any note of said Bank, altered in the course of its circulation to a larger amount, notwithstanding such alteration. SECT. 9. Be it further enacted, That one twenCertain part of tieth part of the capital of said Bank shall always the capital to be loaned for be appropriated to loans to be made to citizens of the benefit of this State, wherein the Directors shall wholly and manufactur- exclusively regard the agricultural and manufacturing interest; ing interest, which loan shall be made in sums, not less than one hundred nor more than five hundred dollars, and upon the personal bond of the borrower, with collateral security by mortgage of real estate to the satisfaction of the Directors of said Bank, for a term not less than one year, and on condition of paying the interest annually, on such loans, subject to such forfeiture and right of redemption by law, as in other cases. and how. SECT. 10. Be it further enacted, That said corCorporation to poration shall be obliged to receive in payment for own bills for all debts due to said corporation, the bills by them debts due. issued. receive their tions,&c. SECT. 11. Be it further enacted, That the conditions, restrictions and provisions contained in the Further condi- act, entitled "An Act to enforce the payment of tions, restric- Bank notes, and for other purposes," be and they are hereby made applicable to, and obligatory on, the Bank established by this act; and that each return of the state of said Bank to be made pursuant to the first section of an act directing the mode and time of making returns of Banks, shall in addition eify the names to the several particulars required therein to be inrectors, &c. cluded, specify the names of all the Directors of said Bank; and if in taking the oath required by said first section, any Director or Cashier shall swear falsely and be thereof duly convicted, he shall suffer as for wilful and corrupt perjury. Returns to spe of all the Di Mode of enfor eing the satis Ments by levy SECT. 12. Be it further enacted, That if said corfaction of judg-poration shall refuse or neglect to pay on demand, upon the to any bill or bills by such corporation issued, and the dies or proper holder thereof shall obtain judgment and execution holders. for the amount thereof, against said corporation, and such execution shall not be satisfied, by payment thereof, within ten days after demand made of the Stock upon the Cashier of said Bank, by the officer hav- levy, other bute. SECT. 13. Be it further enacted, That any person who shall have been compelled to pay In case of such any execution, either wholly or in part, pur- Stockholders suant to the provisions of the twelfth section of shall contrithis act, shall be entitled to recover of each individual, upon whose body or property such execution might have been levied, the same proportion of the sum so paid, as such individual owns or shall have owned of the stock of said Bank, at any time within three years prior to such payment, as for so much money paid to the use of such individual. the Bank, or tion, SECT. 14. Be it further enacted, That no stockholder of said Bank shall be permitted at any time Stock not to to pledge his stock therein, or any part thereof, to be pledged to the said Bank, or any corporation whatever; and other corporaall contracts so pledging any of said stock, shall be of no effect; and no stock or share in said Bank shall be attached on mesne process in any suit in nor attached which said Bank shall be plaintiff, and all such at- the Bank. tachments shall be of no effect. at the suit of of plaint to be SECT. 15. Be it further enacted, That if at any time the said corporation shall refuse or neglect to On refusal pay any of its bills when duly presented at said payment of Bank, in banking hours, and for the space of thirty Bills, comdays thereafter neglect to pay or tender payment made to a of such bills, the holder or holders of such bills, may s. J. Court; make complaint thereof in writing to any Judge of the Supreme Judicial Court, whose duty it shall be thereupon, to cause the President and Cashier Judge of the proceedings thereon. point Commis shall take into property of the Bank; of said Bank to be notified to appear before him at such time and place as he may appoint, to answer to such complaint and shew cause against further proceedings thereon: And if said President or Cashier shall not appear, or if appearing shall not shew sufficient cause against further proceedings, it shall be the duty of the said Judge, thereupon to apJudge may ap point three disinterested and discreet Commissionsioners who ers residing near to said Bank, to take into their custody the custody and possession, all the books, papers, property and estate of said Corporation: And such Commissioners, or the major part of them, shall thereby be authorized, to demand and receive of the said President, Directors and Cashier of said Bank, all the real and personal estate of said Bank, with all the books and evidences of debts due to said Bank, making and delivering to said President, Directors and Cashier, or either of them, accurate lists and memoranda of such estate, books and may dispose of debts: And it shall be the duty of such Commiscollect and sioners, or the major part of them, and they are hereby authorized forthwith to proceed to dispose of such estates and to collect such debts, and to pay the demands against said Corporation. pay debts. ers may sell at auction, giv mortgages and Commission- SECT. 16. Be it further enacted, That such Commissioners, or the major part of them, shall be auing notice, thorized and empowered to sell at public auction, execute deeds; after giving thirty days public notice of such sale, any real estate belonging to said Corporation, and any mortgages upon real estate due to said Corporation, and to make and deliver in the name of the Corporation, any deed or other instrument necessary to the due and complete transfer and conveyance of such estates and mortgages: And said Commay collect missioners, or the major part of them, shall further cute actions. be authorized to collect all debts due and owing to said Corporation, and to commence and prosecute in the name of the Corporation any action necessary to the collection of such debts: Provided, That so soon as such Commissioners shall have realized from the property of the Corporation, a sum sufficient to pay all the debts of the Corporation, their power shall cease; and it shall be their duty to debts & prose Proviso. surrender to said Corporation all the remaining property and estates, together with the books and papers belonging to it. to Commis SECT. 17. Be it further enacted, That said Commis- Compensation sioners shall be entitled to retain to their own use sioners. for their services, such sum as may be agreed upon between them and said Corporation: And in case of disagreement, such sum as shall be determined by the Judge who appointed such Commissioners. liable for re up property to vate capaci and may be SECT. 18. Be it further enacted, That if the President, Directors and Cashier of such Bank, shall, Directors, &c. upon demand made by such Commissioners, refuse fusing to give or neglect to surrender to them all the books, pa- Commissionpers, property, estates and demands of said Corpo- ers in their priration, such President, Directors and Cashier, so ties; refusing or neglecting, shall thereupon severally become liable in their individual capacities, for the proceeded a payment of all debts due from said Corporation; gainst accordAnd any creditor to said Corporation may have and maintain his action against such President, Di- · rectors and Cashier, or either of them, to recover against them, or either of them, in their individual capacities, the amount of the just demand against said Corporation. This Act possed February 25, 1825.] ngly. CHAPTER CCCXLVII. AN ACT granting certain privileges to the town of Islesborough. upon Long Is ed to erect SECT. 1. BE it enacted by the Senate and House of Representatives, in Legislature assembled, That the inhabitants of the town of Islesborough, upon Inhabitants Long Island, in Penobscot Bay, in the county of Hancock, be, and they hereby are authorized to land authorizerect permanent gates across the principal road gates across leading lengthwise of said Island, through said certain roads, town, at such places and under such directions as shall be considered by the said inhabitants, at their annual meeting in March or April, most expedient for the safe keeping of their cattle and the further improvement of their respective farms. SECT. 2. Be it further Be it further enacted, That the said inhabitants shall keep said gates in good repair, Gates to be and shall provide convenient and secure fastenings kept in good for the same during all parts of the year, in which repair; ing, to cause shut; they shall require the same to be kept shut; and it shall be the duty of each and every person passing through any of said gates, at any such time or Fersons pass times, to shut after him or them, and to leave, shut the gates to be and secure, with the fastenings provided therefor, such gate or gates; and if any person or persons shall open, and carelessly or with evil intent, leave open, or injure, or destroy, any or all of said gates, he or they shall be liable to pay all damages of ev-> ery kind, which may thereby accrue to said gates, and to any of said inhabitants, from the breaking loose of cattle through the same; to be recovered how recovered by said inhabitants, or by any individual suffering such damages, in an action of the case, before any court of competent jurisdiction to try the same. [This Act passed February 25, 1825.]* under penalty; CHAPTER CCCXLVIII. AN ACT to annex certain inhabitants of plantation number fourteen or Mariaville South, to the plantation of Mariaville. BE it enacted by the Senate and House of Representatives, in Legislature assembled,That, Nathaniel Smith, Aaron Parsons, Amos Parsons, Ebenezer Jordan, third, and John R. Morrison, inhabitants of plantation number fourteen, or Mariaville South, in the county of Hancock, together with their polls and estates, which estates are included within that part of said plantation, which lies on the westerly side of Union river, and also, all that portion of said plantation, which lies on the westerly side of Union river, be, and they are hereby set off from said plantation number fourteen, or Mariaville South, to the plantation of Mariaville, in the county of Hancock: And they shall there exercise and enjoy all the rights and privileges, and be subject to the same duties and requisitions as other inhabi |