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House. Comm. on Bank Officers take an Oath. Act in addition to an act to regulate banks and banking, 1836
House No. 53 The committee that considered a change in banking laws reported an act in March in response to a January 9, 1836 order. An Act in
addition to an act to regulate banks and banking, 1836. Each director, officer, and clerk had to personally appear before a court and swear not to take
any higher interest than allowed by law in the Commonwealth. Then followed a list of ways to evade the system, but were not allowed. There was a fine
or prison time for refusal or neglect to conform. (Digitized from a microfilm copy of title originally held by the Library of Congress).
Title:   Ordered, that Messrs. Williams, of Boston, Simmons, of Roxbury, and Peabody, of Salem, be a committee to consider and report to this House, the expediency of providing by law, that hereafter all directors, officers and clerks of the several banks in the Commonwealth, shall be required to make solemn oath, before a notary public, or a magistrate, that they will not during the time they are officially connected with the respective banks to which they are attached, either directly or indirectly, aid, consent to, or suffer, the taking or receiving any higher rate of interest, than that provided by law ...
OCLC Number:   1410406480
Available Volumes
NameFiche CountOnlinePaper Backup
Vol. 1YesNo