Acts and Resolves of the State of Maine; From 1840 to 1841 Inclusive Volume 4

Acts and Resolves of the State of Maine; From 1840 to 1841 Inclusive Volume 4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1842 edition. Excerpt: ...whose ad ministration it shall '"""=-happen, shall be liable for the excess in their private capacities; any condition, release or agreement to the contrary notwithstanding; and an action of debt may in such case he brought against them, or any of them, or the heirs, executors or administrators of them, by any creditor of such corporation, and maybe prosecuted to final judgment and execution; or such creditor may have a bill in equity against them in the supreme judicial court. SECT. Q9. Any director, who may have been ab fug '; 1ef; fisent, when such excess of debts was contracted, or who may have at the time dissented from the resolution or act, whereby the same was contracted, may exonerate himself from being so liable, by forthwith giving notice of the fact, and of his absence or dissent, to the Governor and Council, and to the stockholders at any general meeting; which meeting he shall have power to call for that purpose.. SECT. 30. The provisions of the two preceding Etna still lia-sections shall not be construed to exempt any bank, e' or the lands, goods or chattels of the same, from being also liable for the excess therein mentioned. Seer. 31. No loan nor discount shall be made, pgmtgioti 11; -3: . nor shall any bill or note be issued, by any bank, nor but M.1," i, any person on their account, except at the usual "" ""' banking house of the same. Sr-: cT. 32. The amount of notes or bills at any Alpbunl of atrtime issued and put in circulation, as money, by the " M" several banks incorporated in this State, shall not exceed the following amounts and proportions respectively, viz: a bank, authorized to have a capital of fifty thousand...
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Product details

  • Paperback | 198 pages
  • 189 x 246 x 11mm | 363g
  • United States
  • English
  • black & white illustrations
  • 1236821238
  • 9781236821232