On the third day

Number of posts : 3 Join date : 10.01.11

On the third day" On the third day tory burch shoes of June, , the Board of Directors passed a vote permitting each tory burch outlet director to take tory burch flats out of the Bank dollars for the purpose of exchanging the the same. The said directors have never paid or account ed for said money to the Bank." When the Bank first commenced its operations, the capital paid in, including the money paid by the directors, and which was soon after repaid to them, as is herein before stated, amounted to the sum of eleven thousand eight hundred and six dollars and sixty one cents: when the directors had, as before stated, taken back in bills the amount they had paid in specie for their first instalment,the capital stock really paid in, amounted to only the sum of three thousand and eighty-one dollars and eleven cents." The directors never declared any certain dividend of the profits of the Bank, but once a year paid to the stockholders interest generally at the rate of eight per cent, per annum on the sums they had respectively paid in, and the residue, amounting in some years to one hundred and thirty dollars each, the directors divided among themselves." According to the books containing the weekly state of the Bank, there were several periods when the amount of bills in circulation far exceeded the amount, of notes due the Bank ; for instance, on the twenty-fifth day of March, , the amount of bills in circulation was seventy-two thousand two hundred and eleven dollars, and the amount of debts due the Bank was fifty-three thousand two hundred and seventy-five dollars: at some periods, anterior to the th day of March, , the Bank had in circulation from sixty to seventy thousand dollars. On the th day of March , there was in said Bank, in specie and bills of other Banks, three hundred and eighty dollars and fifty cents, and the Bank had twenty-two thousand five hundred tory burch sale and twenty-four dollars of their own bills in circulation.