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The capital was $7 thousands and thousands; to be subscribed by citizens and landowners of Louisiana only. The Northern Bank of Kentucky was incorporated February 20, 1835, for thirty years; capital, $three millions; its seat at Lexington, with not less than three nor greater than four branches; the State to take half the capital; the State dividends, over and above the costs on the scrip issued for its inventory, had been set apart for the interest on the internal enchancment loans. There was now a lull for 2 or three years. The Structure of 1832 provided that no mortgage of money should ever be raised on the credit and faith of the State, until the law ought to be passed by a majority of the members of every Home, published for 3 months earlier to the subsequent regular election in three newspapers of the State, and re-handed by each Homes of the subsequent following Legislature. The bonds were known as "fireplace mortgage" bonds. At a referred to as session in 1832, the primary steps taken appear to indicate bother. February 20, 1836, the Attorney-basic was ordered to start go well with in opposition to the Union Bank for the bonus and dividends.

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The city Financial institution of new Orleans was included March 3, 1831, until 1850; capital, thousands and thousands; to lend the State 0,000; lowest note ; by no means to suspend redemption in "present cash of the United States" underneath a penalty of twelve per cent. The bank stopped fee February 11, 1837, having ,000 excellent. In 1838, a very earnest attempt was made to get a charter for the Southwestern Railroad Bank from Kentucky. It was enacted, December 22, 1836, that debts to the Central Bank is perhaps renewed once in twelve months instead of as soon as in six months, and the trustees of Oglethorpe College have been allowed by legislation to subscribe the funds of the College into the capital inventory of the Financial institution of Milledgeville at par, as a result of all different bank stock was at a premium. The charter of the Bank of the Valley was prolonged, February 18, 1830, for eight years and one month, to convey it to June 1, 1842; bonus, $10,000, which was not to be taken from the State stock. In an explanatory act, February 17, 1835, the intention was declared to allow no notes beneath $5 after June 1, 1842; and the correct was reserved on this charter to legislate additional as to the lowest denomination of notes.

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This was prolonged January 2, 1835, by allowing them to concern put up-notes for one-half their paper situation, one-half of which ought to be payable at Boston, New York, and Philadelphia, with the identical restrictions as earlier than. The Camden Bank adopted, December 19, 1835, and the Bank of Hamburg the identical day. The Bank of the State of Mississippi was authorized to wind up, December 19, 1931, taking no new business after January 1st. It might renew loans on notes of deceased individuals till December 31, 1837, and might deal in alternate so long because the Planters' Bank consented. At the following session, December 25, 1833, the Commercial and Railroad Bank at Vicksburg was chartered, because more banking facilities were needed; $4 hundreds of thousands capital; "identified and included with the Clinton and Vicksburg Railroad Company," the charter to develop into null if the railroad was not built in six years; the bank to stop in thirty-two years; the observe subject not to exceed thrice the capital and money on deposit; it was to have branches; no provisions about suspension or specie redemption. The charter of the Merchants' Bank of Newbern was re-enacted at the following session, with some slight changes; the lowest word was to be $5. On the same day, the charter of the Bank of the State of South Carolina was prolonged until 1856. It was to name in all notes below and difficulty no more.

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