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BANKS.
BANK OF CAPE FEAR.
AN ACT FOR ESTABLISHING A BANK IN THE TOWN OP WILMING-TON.
(Passed in the year 1804.)
Whereas the increase of population and commerce in the
districts of Wilmington and Fayetteville, renders it expedient that Preamble.
a bank should be established for their accommodation in the town
of Wilmington :
1. Beit enacted, #c, That a bank shall be established in the Capital stock,
town of Wilmington, the capital stock whereof shall not exceed
two hundred and fifty thousand dollars, divided into shares of one
hundred dollars each ; but in the mean time, subscriptions towards
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constituting one hundred thousand dollars of said stock shall be
opened ; that is to say, at Wilmington on die first Monday in
April next, for five hundred shares, under the superintendence of
George Hooper, John London, John Hill, John Hogg, Richard
Bradley, William Giles and Henry Watters ; and on the same
day at Fayetteville, for five hundred shares, under the superin-tendence
of John Winslow, David Anderson, William B. Grove,
Duncan M'Leran, Robert Holliday, Peter Perry and Simeon
Belden. And a majority of said commissioners, at the places
above mentioned respectively, shall be sufficient to perform the
duties of their appointment ; and it shall be competent for the
corporation created by this act to proceed to fill up, in whole or
part, the remaining fifteen hundred shares, by subscriptions to be
opened at the above places, respectively, at such time, and under
such commissioners, as they may appoint, giving three months no-tice
thereof in the Wilmington, Newbern and State Gazettes.
2. And be it further enacted, That the amount of the share or Subscriptions
shares subscribed for shall be paid by the several and respective
J?old JfsilveV.
subscribers, in gold or silver, onefourth thereof at the time of
subscribing, to the said commissioners, and onefourth within sixty when paid,
days after the bank shall go into operation, onefourth within one
hundred and twenty days, and onefourth in six months, to the bank
directors for the time being : Provided always, That it shall be
lawful for any subscriber to pay the whole of his subscription
money, or any greater part than is hereby required, before the
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