Chapter LIII. *authorizing the First National Bank of Newnan to change its Location and Name*
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/statutes-at-large/vol-17/chapter-liii-1844608·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. LIII.— An Act *authorizing the First National Bank of Newnan to change its Location and Name*. Jan. 23, 1873. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, First National Bank of Newnan, Georgia, may change its location and name. That the First National Bank of Newnan, now located in the city of Newnan and State of Georgia, is hereby authorized to change its location to the city of Atlanta, in said State.
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 certificate418FORTY-SECOND CONGRESS. Sess. III. Ch. 54, 62, 63. 1873. 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 and deposit of said bank shall be carried on in the city of Atlanta.
Sec. 2. Rights and liabilities not affected.That nothing in this act contained shall be so construed as 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 as aforesaid, notice thereof and of such change shall be published in one daily paper in the county of Fulton for not less than six days, and in one weekly paper in the county of Coweta, in said State, once.
Sec. 3. When location changed to Atlanta, bank to be called the National Bank of Commerce, if, &c.That whenever the location of said bank shall have been changed from the city of Newnan to the city of Atlanta, in accordance with the first section of this act, its name shall be changed to the National Bank of Commerce, if the board of directors of said bank shall accept the new name by resolution of the board, and cause a copy of such resolution, duly authenticated, to be filed with the comptroller of the currency.
Sec. 4. New bank to assume liabilities, &c.That all the debts, demands, liabilities, rights, privileges, and powers of the First National Bank of Newnan shall devolve upon and inure to the National Bank of Commerce whenever such change of name is effected. Sec. 5. When act takes effect.That this act shall take effect and be in force from and after its passage. Approved, January 23, 1873.