in the charter of the said bank, any two of whom shall be authorized to act; and in the event of death, inability or refusal to act on the part of any of the said commissioners, it shall be the duty of the managers or directors of the mother bank to fill any such vacancy by the appointment of others, on receiving information thereof from either of the commissioners, or from the president of the board of police of said county; and that the provisions of the thirteenth section of the charter of the Mississippi Union Bank, so far as relates to appointing appraisers for each bank district, be, and the same is hereby repealed.

subscrip

bank.

SEC. 3. Be it further enacted, That the books of subscription for stock to the mother bank shall be opened at Books of the seat of government, on giving at least thirty days pre- tion for the vious notice in at least three newspapers published in this mother state, and shall be kept open during the space of six months by the managers appointed to open them; and the managers shall deposite all the titles, papers, notes, and other documents in the said mother bank, duly authenticated and recorded as provided for in the charter; and the books for subscription for stock to the several branches shall be kept open for and during the space of one hundred and twenty days, by the managers appointed to open them in the several counties of this state, by giving thirty days previous notice of the same by advertisement posted up in at least Thirty days three of the most public places in each of said counties, and notice to be at the expiration of said time they shall transmit to the managers of the books of subscription of the stock so taken and secured, together with all the titles and other documents duly authenticated and recorded: Provided, That said books of subscription shall be opened in each county of this state on the same day.

given.

oath.

SEC. 4. Be it further enacted, That the commissioners appointed to appraise the property of those who wish to Appraisers become stockholders and obtain loans on mortgages, as well to take an as the managers of the subscription books for the said banks, shall severally take and subscribe an oath faithfully to discharge their duty, before any person authorized to administer an oath in their respective counties.

Managers in the several

have forms.

SEC. 5. Be it further enacted, That the managers of the mother bank shall furnish the managers of the subscription

counties to books, in the several counties, the form of the mortgages and notes, with all other necessary forms for taking stock and securing titles to property mortgaged.

SEC. 6. Be it further enacted, That subscribers to the Transfers. stock in the said Union Bank, or their legal representatives, may at any time transfer their respective shares to any citizen of this state, with the approbation of the directory of the mother bank, and that no person not a citizen of this state shall ever own any stock in this bank.

SEC. 7. Be it further enacted, That the said bank shall The issuing never issue its own bills at any one time to an amount of bills. exceeding twice the amount of its capital actually paid in, and that the bills of this bank shall be signed by the president and countersigned by the cashier of the mother bank, and shall be obligatory on the company according to the face of the same.

Resident

citizens.

SEC. 8. Be it further enacted, That the resident citizens of the different districts shall be entitled to take the stock allotted to their respective districts: Provided, They may have taken it within one hundred and twenty days from the time of opening the said books, and after that period it may be taken by any citizen of this state; and that portion of the stock of the said Union Bank to be subscribed for on the part of the state, as provided for in the first section of this act, shall be taken from the whole amount of the capital stock of said bank, and the subscriptions to stock at the mother bank and several branches of said bank shall be so Graduation graduated as to reduce the amount of stock to be subscribed of stock. for by individuals in a just ratio proportionate to their capi tal; and that nothing in the charter of the said bank shall be so construed as to deprive the state of the amount of stock provided for in the first section of this supplemental act, and in no case shall this act be so construed as to allow more than five directors on the part of the state, as provided for in the original act.

SEC. 9. Be it further enacted, That the president and directors of the said Mississippi Union Bank, or the managers thereof, shall have ample power to appoint three

commis

sell bonds.

commissioners to negotiate and sell the state bonds, provided Power to for in the fifth section of the act incorporating the subscri- appoint bers to the Mississippi Union Bank, in any market within sioners to the United States, or in any foreign market, under such rules and regulations as may be adopted by said president and directors or managers, not inconsistent with the provisions of the charter of said bank: Provided, said bonds shall not be sold under their par value, and that said commissioners shall not accept of any commission or agency from any other banking or rail road company whatsoever, for the disposal of any bonds for the raising of money, or act as agents for the procuring of loans upon the pledge of real estate for the benefit of any other corporation.

SEC. 10. Be it further enacted, That the said commis- Compensasioners shall, in compensation for their services, be paid tion of comout of the funds of said bank, and all expenses thereon be defrayed by the said bank.

missioners.

Names of

each coun

ty to

opening of

SEC. 11. Be it further enacted, That books of subscription for stock in the said bank, be opened in the county of Amite, under the superintendence of O. W. Calfield, in persons in the place of William H. Dillingham; in the county of Adams, under the superintendence of Noah Barlow, Samuel superintend Cotton and Dempsey P. Jackson; in the county of Bolivar, books. under the superintendence of Joseph McGuire, Christopher I. Field and Francis Patterson, jr. in the county of Clarke, under the superintendence of Jackson A. Williford, John Towner and Wm. Covington; in the county of Chickasaw, under the superintendence of Wm. H. Williams, George. W. Thornton and Wiley Griffin; in the county of Choctaw, under the superintendence of John Snow, R. F. Box and J. R. Golding; in the county of Coahoma, under the superintendence of Aaron Shelby, Wm. Richey and Wm. I. Oldham; in the county of Carroll, under the superintendence of T. S. Ayres, Wm. Y. Collins and John E. Palmer; in the county of De Soto, under the superintendence of John Warmick, Felix Labauve and Milton Blocker; in the county of Holmes, under the superintendence of Arthur Hays, Robert Cock and Otho W. Beal; in the county of Hinds, under the superintendence of Richard S. Drone, Daniel Thomas and A. L. Dabney; in

the county of Itawamba, under the superintendence of Edward Thomas, Duncan Clarke and Bazil Lindsey; in the county of Jefferson, under the superintendence of John M. Whitney, John R. Coleman and Charles T. Miles; in the county of Jones, under the superintendence of John Moffit, Duncan Thompson and Elisha Wade; in the county of Kemper, under the superintendence of Benjamin C. Oppitt, John F. Auld and Latham; in the county of Lawrence, under the superintendence of Robert Jelks, Arthur Smith and Henry E. Calhoun; in the county of Leake, under the superintendence of Daniel Skinner, Thomas Myers and Jackson Warren; in the county of Lowndes, under the superintendence of John Davis, in place of J. A. Hogg, deceased; in the county of Monroe, under the superintendence of Nathan L. Morgan, John W. Cook and Josiah N. Walton; in the county of Madison, under the superintendence of Wm. Montgomery, Killis Walton and James Adams; in the county of Noxubee, under the superintendence of Richard D. Barker in place of Jas. T. Harrison, removed, and John L. Purdy in place of James Moore, deceased; in the county of Newton, under the superintendence of Pierce Redwine, A. G. Tase and Jacob Hallingworth; in the county of Neshoba, under the superintendence of Joseph Atkins, Henderson M. Walsh and William Rodgers; in the county of Oktibbeeha, under the superintendence of Robert A. Lampkins, John Billington and E. E. Clarke; in the county of Ponola, under the superintendence of James Ruffin and Samuel Wright; in the county of Pike, under the superintendence of A. R. Green, Franklin Love and Thomas Denman; in the county of Pontotoc, under the superintendence of Benjamin M. Bradford, Samuel L. Watt and Charles W. Martin; in the county of Simpson, under the superintendence of Nathaniel Freeman, Joseph Boggan and Henry C. Bennet; in the county of Scott, under the superintendence of Shadrach J. Denson, Milton D. Young and Jonathan Russell; in the county of Tishamingo, under the superintendence of John Reaves, Thomas Pate, and R. H. Bone; in the county of Tunica, under the superintendence of Andrew Kerr, John Bridges and James N. Smith; in the county of Tallahatchee,

under the superintendence of James T. Crawford, Charles Bowen and James A. Girault; in the county of Wayne, under the superintendence of D. C. Shaw, John H. Horn and William Cohea; in the county of Warren, under the superintendence of William M. Pinknard, J. J. Chewning and Joseph Templeton; in the county of Yazoo, under the superintendence of Milton Piles, Robert C. Campbell and Lineas B. Markham.

SEC. 12. Be it further enacted, That the county of County of Newton is hereby attached to the first district.

Newton.

mortgaged.

SEC. 13. Be it further enacted, That in estimating plantations, the ratio of land unimproved shall not exceed the Estimate of land in actual cultivation, or cleared land and ready for lands to be cultivation, in a greater proportion than ten acres of uncultivated land to one of cultivated or cleared land fit for cultivation; and that after a tract of land being composed of connected or contiguous parts, shall exceed one thousand acres, then the ratio of uncultivated lands shall not, in such estimate, exceed five to one of the lands in one entire tract, susceptible of being cultivated: Provided, however, that when the lands not in actual cultivation shall exceed the ratio above mentioned, the excess shall be considered as unimproved lands.

SEC. 14. Be it further enacted, That the branch of the Branch at Mississippi Union Bank for the third district, is hereby Ripley. located at the town of Ripley, in the county of Copiah.

Ditto at

SEC. 15. Be it further enacted, That the branch of the Union Bank for the fifth district, shall be located in the Ponola. town of Ponola, in the county of Ponola.

SEC. 16. Be it further enacted, That so much of the original charter of the Union Bank of the State of Mississippi, as conflicts with the provisions of this act, be, and the same is hereby repealed.

Repeal.

SEC. 17. Be it further enacted, That so much of the fourteenth section of the charter of the Mississippi Union Bank Repeal. as provides for the appointment of a provisional directory, be and the same is hereby repealed, and the ten managers elected by the provisions of the second section of the charter, shall compose the first or provisional directory, who shall be required to perform all the duties required of the