State v. Stoll

The charter of the remaining bank was to the same effect, omitting the direction to the comptroller-general and his action thereon. Reverting now to the five earlier banks and to recharters of them, the reader will remember that in the recharters of the Bank of the State of South Carolina, made, first in 1832 and again in 1852, 'the same,' the old charter of 1812–including, of course, the sixteenth section–was continued. And that the same thing was true of the four other banks, so far as related to their recharters as made in 1822, 1830, and 1833. But while in regard to the Bank of the State of South Carolina, no variation was made on the old charter during the active existence of the bank, nor until the legislature in 1868 passed the act to close its operations, the same was not true of the other four early banks which we have spoken of chiefly in connection with it. A variation was finally made on them. And when, after their recharters of 1822, 1830, and 1833, they were again rechartered in 1852 and 1853, the old sixteenth section was not re-enacted in regard to them, but they were made subject to the last above-quoted restriction of the later banks; the banks, namely, incorporated between the years 1831 and 1836.