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" The Legislature shall have no power to pass any * law sanctioning in any manner, directly or indirectly, the suspension of specie payments, by any person, association, or corporation issuing bank notes of any description. "
Documents Accompanying the Journal ... - Σελίδα 45
των Michigan. Legislature - 1849
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Internal Relations of the Cities, Towns, Villages, Counties, and States of ...

Maurice A. Richter - 1859 - 338 σελίδες
...complicated with mere ministerial office business. " 5. The legislature shall have no power to pass anv law sanctioning in any manner, directly or indirectly, the suspension of specie payments, bv any ptrson, association, or corporation, issuing bank-notes of any description." Perfectly right,...

The Political Code of the State of New York

New York (State). Commissioners of the Code - 1860 - 668 σελίδες
...corporations or associations may be formed for such purposes under general laws. SECTION 6. The legislature shall have no power to pass any law sanctioning in...corporation issuing bank notes of any description. SECTION 6. The legislature shall provide by law for the registry of all bills or notes, issued or put...

Practice Reports in the Supreme Court and Court of Appeals, Τόμος 10

Nathan Howard (Jr.) - 1860 - 616 σελίδες
...responsible to the amount of their respective shares of stock for all its debts'and liabilities; and that no suspension of specie payments, " by any person, association,...corporation, issuing bank notes of any description," should thereafter, directly or indirectly, be sanctioned by law. On the 5th of April, 1849, to give...

Ten Years in the United States: Being an Englishman's View of Men and Things ...

David W. Mitchell - 1862 - 372 σελίδες
...be formed under general laws only. The Legislature shall have no power to pass any law sanctioning, directly or indirectly, the suspension of specie payments...person, association, or corporation issuing bank notes. The Legislature shall require ample security for the redemption in specie of all bills or notes circulated...

Statutes at Large of the State of New York: Comprising the Revised ..., Τόμος 1

New York (State) - 1863 - 1036 σελίδες
...547. SECTION 4. Specie payments. Individual liability of stockholders. , SECTION 5. The legislature shall have no power to pass any law sanctioning, in...corporation issuing bank notes of any description. SECTION 6. Banknotes. The legislature shall provide by law for the registry of all bills or notes issued...

Arguments of Counsel in the Court of Appeals of the State of New York: Upon ...

New York (State). Court of Appeals - 1863 - 254 σελίδες
...1837, the framers of the present Constitution embodied therein the following clause : ' The Legislature shall have no power to pass any law sanctioning in...corporation issuing bank notes of any description.' It is obvious therefore, that under the unrestricted operations of the laws of this State, an irredeemable...

Manual for the Use of the Legislature of the State of New York for the Year ...

New York (State). Secretary's Office - 1864 - 574 σελίδες
...under general laws. Specie pay- Section 5. The Legislature shall have no power to pass any ments ]aw sanctioning in any manner, directly or indirectly,...corporation issuing bank notes of any description. Registry of Section 6. The Legislature shall provide bylaw for the regbills or notes, istry of all...

The Merchants' Magazine and Commercial Review, Τόμος 52

1865 - 506 σελίδες
...constitution of the State of New York, (art. via., sec. 5,) declares that — " The Legislature shall bave no power to pass any law sanctioning in any manner,...by any person, association, or corporation issuing bauk notes of any description." Under this provision the Banks are required to deposit New York State...

The Merchants' Magazine and Commercial Review, Τόμος 52

1865 - 430 σελίδες
...constitution of the State of New York, (art. viii., sec. 6,) declares that — " The Legislature shall have DO power to pass any law sanctioning in any manner, directly...by any person, association, or corporation issuing hack notes of any descripUuu." United SUttes law only requires the stock to bo gold for ihe dishonored...

Merchants' Magazine and Commercial Review, Τόμοι 52-53

1865 - 1006 σελίδες
...of New York, (art. viii., sec. 5.) declares that — " The Legislature ehall liave no power to pose any law sanctioning in any manner, directly or indirectly, the suspension of specie payments by auy person, association, or corporation issuing bank notes of any description." Uuder this provision...




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