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to the amount of 14693.22 | to the amount of 14693.22 | ||
− | If this last sum is considered as a debt due them - which the Committee do not presume to take upon themselves to determine, | + | If this last sum is considered as a debt due them - which the Committee do not presume to take upon themselves to determine, though they see no good reason why it should not be so considered, it makes the debts due them amount to 208,491.34 |
which sum it will be at once seen exceeds the limits of their charter - | which sum it will be at once seen exceeds the limits of their charter - | ||
− | Your Committee ask leave | + | Your Committee ask leave further to report that they have been informed - and it also appears by their returns, that a large portion of their business is transacted by Brokers or Agents residing beyond the limits of this State - which your committee humbly conceive is grossly improper and may produce serious evils. - |
Your Committee further report that they cannot discover by their Act of incorporation that this Bank is limited or restrained as to the amount of Bills that they may have in circulation, excepting that the amount of debts which may be due to or from them at any one time shall not exceed two hundred thousand dollars. | Your Committee further report that they cannot discover by their Act of incorporation that this Bank is limited or restrained as to the amount of Bills that they may have in circulation, excepting that the amount of debts which may be due to or from them at any one time shall not exceed two hundred thousand dollars. | ||
Your Committee ask leave further to report that they do not deem it expedient at this time to appoint a committee to examine the state and condition of the several incorporated Banks in this State - | Your Committee ask leave further to report that they do not deem it expedient at this time to appoint a committee to examine the state and condition of the several incorporated Banks in this State - | ||
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[Pay of engrossing clerks] | [Pay of engrossing clerks] | ||
− | On motion Ordered that Messrs Bradbury and Seaver be a committee to consider what sum is necessary should be appropriated for the payment of the engrossing clerks - with leave to report by Bill or otherwise - | + | On motion Ordered that Messrs. Bradbury and Seaver be a committee to consider what sum it is necessary should be appropriated for the payment of the engrossing clerks - with leave to report by Bill or otherwise - |
[Bills enacted-] | [Bills enacted-] |
Latest revision as of 13:25, 21 May 2020
to the amount of 14693.22 If this last sum is considered as a debt due them - which the Committee do not presume to take upon themselves to determine, though they see no good reason why it should not be so considered, it makes the debts due them amount to 208,491.34 which sum it will be at once seen exceeds the limits of their charter - Your Committee ask leave further to report that they have been informed - and it also appears by their returns, that a large portion of their business is transacted by Brokers or Agents residing beyond the limits of this State - which your committee humbly conceive is grossly improper and may produce serious evils. - Your Committee further report that they cannot discover by their Act of incorporation that this Bank is limited or restrained as to the amount of Bills that they may have in circulation, excepting that the amount of debts which may be due to or from them at any one time shall not exceed two hundred thousand dollars. Your Committee ask leave further to report that they do not deem it expedient at this time to appoint a committee to examine the state and condition of the several incorporated Banks in this State - Which report was read and accepted - Sent down for concurrence - came up concurred -
[Pay of engrossing clerks] On motion Ordered that Messrs. Bradbury and Seaver be a committee to consider what sum it is necessary should be appropriated for the payment of the engrossing clerks - with leave to report by Bill or otherwise -
[Bills enacted-] The Committee on Engrossed Bills reported the following Bills to be truly engrossed - and they were severally passed to be enacted by their titles - to wit - An Act to incorporate the trustees of the Castine School Fund - An