Volume 20
Public Law 45–9
to change the location and name of the Miners' National Bank of Braidwood, Illinois.
Approved January 31, 1878
Statutory text
AN ACT
to change the location and name of the Miners' National Bank of Braidwood, Illinois.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Miners’ National Bank of Braidwood, in the county of Will, and State of Illinois, is hereby authorized to change its location to the city of Wilmington, in the county and State aforesaid. Whenever the stockholders representing three-fourths of the capital of said bank, at a meeting called for that purpose, determine to make such change, the president and cashier shall execute a certificate, under the corporate seal of the bank, specifying such determination, and shall cause the same to be recorded in the office of the Comptroller of the Currency; and thereupon such change of location shall be effected, and the operations of discount, deposit, and lawful business of said bank shall be carried on in the said city of Wilmington.
Sec. 2.
That nothing in this act contained shall be so construed, as
Not to release liability.
in any manner to release the said bank from any liability, or affect any action or proceeding in law, in which the said bank may be a party or interested. And when such change shall have been determined upon
Notice of change.
as aforesaid, notice thereof, and of such change, shall be published in one weekly paper in the said city of Braidwood, not less than four weeks.
Sec. 3.
That whenever the location of said bank shall have been
New name.
changed from the city of Braidwood to the city of Wilmington, in accordance with the first section of this act, its name shall be changed to the Commercial National Bank of Wilmington, if the board of directors of said bank shall accept of the new name by resolution of the board, and cause a copy of said resolution, duly authenticated, to be filed with the Comptroller of the Currency.
Sec. 4.
That all the debts, demands, liabilities, rights, privileges, and
Liabilities, etc., to follow change.
powers of the Miners’ National Bank of Braidwood shall devolve upon the Commercial National Bank of Wilmington whenever such change of name is effected.
Sec. 5.
That this act shall take effect and be in force from and after its passage.
When to take effect.
Approved, January 31, 1878.