Page.

41-49

42 D.,

48 n.

29-39

295,296

8,9

8,9

RESTRAINING ACT-continued.

penalties for violations of this act, §§ 2, 4, 7, 9, 11,
decisions of the courts on restraining acts, .

SAFETY-FUND ACT of April 2, 1829,

banks whose charters had not expired in January,

SECURITIES GIVEN by a moneyed corporation when in-
solvent, with intent to prefer, invalid,

in contemplation of insolvency, with like intent,
invalid,.

See Conveyances, Transfers, Liens Created, Pay-

ments.

given in violation of § 2 or § 3 of Restraining Act,

void,

SCOTTISH BANK, established in 1769, failed in 1771, his-

tory of, by Adam Smith,.

See Bills of Exchange.

SHARES, HYPOTHECATED, when to be sold, .

of their own stock, moneyed corporations are prohib-
ited from purchasing, except with surplus profits,
SANDFORD, VICE-CHANCELLOR, decision of, on §8, for-
bidding certain transfers of corporate effects,

See Gillet vs. Phillips, p. 323.

SPECIE PAYMENTS, suspension of, in May 1837,

sanctioned by the legislature for one year,

the constitution of 1846 takes from the legislature

41, 42

303 n.

6

7 n.

xlix n.

xlix n.

265

1-29

these regulations took effect Jan. 1, 1828,

Xxxviii

main objects sought to be obtained by their enact-

ment,

xxxix

two systems of law, applicable to moneyed cor-

xl

porations, in force Jan. 1, 1828,

STOCKS of the State of New York only, to be received for

circulating notes,

113, 142, 153, 154, 170

231

owned by the State, exempt from taxation,

powers and duties of Receivers under this Act, 161–163, 205

to hold in custody all bank plates,

Page.

167

167, 168

168

169

169

169

169

180

180

181

subject to a fine of not less than $5000, and to

imprisonment for not less than five years, for a

violation of § 14 of the general banking law, 91, 182, 183
See Bank Department.

SYSTEMS OF BANKING in the State of New York,

Page.

TRADING by banks, except in bullion, &c. prohibited,

173

262, 263

260, 262

UNCLAIMED DIVIDENDS and deposits, Act in relation to,

all bills, notes, &c. whereby more than 7 per cent. is
reserved, shall be void, .

.

the defendant in an action may examine the plaintiff
as a witness to prove the usury,
offenders against this act may be compelled to answer
any bill exhibited against them,
upon bills for relief, not necessary for plaintiff to pay,
or to offer to pay, interest or principal,
nor shall the court require the payment, or deposit,
of principal sum, &c., as a condition of granting
relief,
power of the court to declare securities void, and to
enjoin any prosecution thereon,

persons violating this act to be deemed guilty of a
misdemeanor,.

:

upon conviction, to be punished by fine, not exceeding
$1000, or imprisonment not exceeding 6 months, or
both,

262

262

262

262, 263

263

263

263

punishment for false swearing by plaintiffs examined
as witnesses,

263

corporations prohibited (April 6th, 1850) from there-

after interposing the defence of usury in any action,

264