Norwalk Bank Charter Provisions for Directors and Stock
Long text outlines the formation of a Norwalk bank with nine directors and a president, subscription requirements, installment plans, notice rules, voting rights, officer appointments, stock transfers, debt limits, negotiable instruments, bonding of officers, dividend policies, and interest caps. It specifies elections, eligibility, duties, and dissolution provisions, plus safeguards on loans and stock ownership amid the establishment phase.
Bank Charter Provisions and Annual Reports Detail
The text outlines bank duties including paying into the State Treasury the same dividend tax as other banks, annual sworn reports on capital, deposits, profits, debts, bills in circulation, real estate, and other property, due by the tenth day of the session. It permits future legislatures to amend provisions to align with other state banks and declares the act a public statute to be construed favorably for its aims. Passed February 1831. James M1. Bell and Samuel R. Miller as Speakers.
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