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Description and Holding Information
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House. Comm. on Banks and Banking. Act to establish the State Bank of Massachusetts, 1836
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SEE ALSO 52826, 52827 House No. 43 Report relative to establishing the State Bank of Massachusetts, with a capital of ten millions. The
Committee on Banks and Banking considered memorials from over a page's worth of people and reported a bill: An Act to establish the State Bank of
Massachusetts, 1836. The banking company would be incorporated as above, located in Boston, with a capital stock of $10,000,000, sold in shares of $100. Half
the stock would be subscribed and owned by the State of Massachusetts, with directions as to how this would be done. Shares would be sold to the
public in every county as detailed. The Governor and the Council would appoint eight directors and shareholders would elect twelve, with their terms
specified. The bank could start business when it had $1,000,000 in stock subscribed. There was a procedure for the State's payment for its subscription
and for its dividends. The directors, on behalf of the Commonwealth, were to buy 10,000 shares of the Great Western Railroad, with directions about
that account. (Digitized from a microfilm copy of title originally held by the Library of Congress).
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Title:
Report relative to establishing the State Bank of Massachusetts, with a capital of ten millions.
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OCLC Number:
847833024
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Available Volumes
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| Name | Fiche Count | Online | Paper Backup |
| Vol. 1 | | Yes | No |
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