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tal stock $25,000.

Chapter 203.

AN ACT to increase the Capital Stock of the Northern Bank at Hallowell.

Approved April 1, 1836.

SECT. 1. Be it enacted by the Senate and House of RepreIncrease of capi sentatives, in Legislature assembled, That the President, Directors and Company of the Northern Bank are hereby authorized to increase the Capital Stock of said Bank twenty five thousand dollars, in addition to its present Capital of fifty thousand dollars, to be divided into shares of one hundred dollars each, in the same manner as the original Capital.

Loans may be made when certi

been filed in the

State, &c.

SECT. 2. Be it further enacted, That said sum of twenty five thousand dollars shall be paid in gold and silver, into said Bank, on or before the first day of October next, and loans may be made by said Bank upon said increased Capficate shall have ital, whenever the Directors or a majority of the same office of Sec'y of with the Cashier of said Bank, shall have filed in the office of the Secretary of State a certificate by them signed and verified by oath, that said sum of twenty five thousand dollars increased Capital has been actually paid into said Bank. And said additional Capital Stock shall be liable to all the limitations and liabilities and entitled to all the privileges specified in an Act entitled "An Act to regulate Banks and Banking" passed the thirty first day of March one thousand eight hundred and thirty one and to any additional act or acts in relation thereto.

Shall not issue

SECT. 3. Be it further enacted, That said Bank shall not emit, issue, pay out or receive in payment for debts bills of a certain due the Bank, or otherwise, any bill or note of a less denomination than five dollars, and increasing only by five or ten dollars to the higher denominations.

denomination.

Chapter 204.

AN ACT to incorporate the Bank of Old Town.

Approved April 1, 1836.

rators.

SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That Joseph Smith, Jesse Wadleigh, James Stinson, Stover Rines, John T. Davis, George W. Ingersoll, Solomon Moulton, Ira Wad- Names of Corpoleigh, Eli Hoskins, J. B. Morgan, William Jameson, Jefferson Sinclair, Alvin B. Gilman, Thomas Bartlett, James Purinton, Asa Smith, Henry Richardson, S. L. Hunt, Abiel W. Kennedy, George P. Sewall, Samuel Coney, Frederick A. Fuller, Nathan Winslow, their successors, associates, and assigns, be, and they hereby are incorporated into a Company by the name of the President, Directors and Company of the Bank of Oldtown, and shall so con- Corporate name. tinue, until the first day of October in the year of our Lord one thousand eight hundred and forty seven.-Provided, That the persons above named, or such of them as shall be living at the time when said Corporation shall go into operation, shall become stockholders therein to an amount, not less than fifty thousand dollars, and continue stockholders as aforesaid until the whole of said Capital Stock, shall have been paid into said Bank.

Proviso.

$50,000.

SECT. 2. Be it further enacted, That the Capital Stock of said Bank, shall consist of fifty thousand dollars, divided Capital stock into shares of one hundred dollars each; and the Bank shall be established in the village of Oldtown in the Town of Orono.

Location.

ileges.

SECT. 3. Be it further enacted, That said Corporation shall be entitled to all the powers, rights and privileges, and Powers and privsubject to all the requirements and liabilities specified in an Act passed on the thirty first day of March in the year of our Lord one thousand eight hundred and thirty oneProvided, however, that said Bank shall not emit, issue, pay Proviso. out, or receive in payment for debts due the Bank, or otherwise, any bill, or note of a less denomination than five dollars, and increasing only by five or ten dollars to the higher denominations.

First meeting.

SECT. 4. Be it further enacted, That any three of the persons above named, may call the first meeting of the Corporation by publishing the time and place thereof, fourteen days previously in some newspaper printed in Bangor; at which meeting, a Board of Directors may be chosen, who shall remain in office, until the next annual meeting.

Chapter 205.

AN ACT to incorporate the Frankfort Bank.

Approved April 1, 1836.

SECT. 1. Be it enacted by the Senate and House of Repre sentatives in Legislature assembled, That Benjamin Shaw, Names of Corpo- Albert L. Kelley, Webster Kelley, E. S. Coffin, Nehemiah

rators.

Corporate name.

Location.

Capital Stock, $50,000.

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Rich, Jeremiah Holmes, Archibald Jones, Waldo Pierce, James B. Chick, Elisha Chick Junr., Tisdale Dean, Lewis C. Kelley, Benjamin Johnson, James Haley, Oliver Haley, Francis W. Rhoades, James Arey, Gridley Bryant, James Emery, Oliver Parker, Isaiah Rich Junr., Ephraim Lincoln, Wiggins Hill, Willis Patten, Waldo T. Pierce, Joseph Carr, William B. Reed, their associates, successors, and assigns, be and they hereby are incorporated into a Company by the name of the President, Directors and Company of the Frankfort Bank, and shall so continue, until the first day of October, one thousand eight hundred and forty seven; Provided, that the persons above named, or so many of them as may be living, when said Bank shall go into operation shall become stockholders to an amount not less than fifty per centum of the Capital stock mentioned in the second section of this Act, and shall continue stockholders, as aforesaid, until the whole of said Capital Stock shall have been paid into said Bank.

SECT. 2. Be it further enacted, That said Bank shall be established in the Town of Frankfort in the County of Waldo, and the Capital Stock thereof shall be Fifty thou

sand dollars in gold and silver, divided into shares of one hundred dollars each, and five persons shall constitute a Board of Directors.

SECT. 3. Be it further enacted, That said Corporation Powers, &c. shall be entitled to all the powers and privileges, and be subject to all the duties, liabilities, and requirements, specified in an Act, entitled "an Act to regulate Banks and Banking," passed the thirty first day of March, one thousand eight hundred and thirty one.

bills of a certain

SECT. 4. Be it further enacted, That said Bank shall Shall not issue not emit, issue, pay out, or receive in payment for debts denomination. due the Bank or otherwise, any bill or note of a less denomination than five dollars and increasing only by five or ten dollars to the higher denominations.

&c.

SECT. 2. Be it further enacted, That the four persons First meeting, first above named, or any three of the four, may call the first meeting of said Corporation, by publishing the time and place thereof in any newspaper printed in the County of Waldo, fourteen days previously, at which meeting a Board of Directors may be chosen, and all other necessary Corporation business transacted.

Chapter 206.

AN ACT to incorporate the Bank of Westbrook.

Approved April 1, 1836.

rators.

SECT. 1. Be it enacted by the Senate and House of Representatives, in Legislature assembled, That, Oliver Buckley, Names of CorpoSamuel Jordan, S. B. Stevens, Freeman Porter, C. T. S. Brackett, Rufus Morrill, Chandler Rackleff, E. D. Woodford, Nathaniel Stevens, Simeon Hersey, Gerry Cook, Joshua Saunders, Henry Ilsley, Levi Morrill, Sumner Knight, their associates, successors, and assigns be, and they, hereby are created a Corporation by the name of the President, Directors and Company of the Bank of Corporate name. Westbrook, and shall so continue until the first day of Oc

Capital Stock, $50,000.

ileges.

tober, one thousand eight hundred and forty seven,-Provided, that the persons above named, or such of them as shall be living at the time said Corporation shall go into operation, shall become stockholders in said Bank to the amount of at least fifty per centum of its Capital Stock, and continue to hold that proportion of said Stock from the commencement of the operations of the Bank until the whole Capital, named in the second section of this Act, shall have been paid into said Bank.

SECT. 2. Be it further enacted, That the Capital Stock of said Bank shall consist of fifty thousand dollars in gold and silver, divided into shares of one hundred dollars each, and said Bank shall be established at Westbrook in the County of Cumberland.

SECT. 3. Be it further enacted, That said Corporation Powers and priv- shall be entitled to all the powers and privileges, and be subject to all the duties and liabilities, specified in an Act entitled "an Act to regulate Banks and Banking" passed the thirty first day of March, one thousand eight hundred and thirty one.

Shall

bills of a certain denomination.

SECT. 4. Be it further enacted, That said Bank shall not not issue emit, issue, pay out or receive in payment for debts due the Bank or otherwise any bill or note of a less denomination than five dollars, and increasing only by five and ten dollars to the higher denominations.

First meeting,

&c.

SECT. 5. Be it further enacted, That the first meeting of said Corporation may be called by any three of the persons before named, by publishing the time and place thereof fourteen days previously in any newspaper printed in the City of Portland; and at said meeting a Board of Directors may be chosen, and any other Corporation business transacted.

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