”An Act to incorporate the Agawam Bank.
BE it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, as follows :
Section 1. Chester W. Chapin, Addison Ware, Edmund Freeman, their associates and successors, are hereby made a corporation, by the name of the President, Directors and Company of the Agawam Bank, to be located within twenty-five rods north or south of the Western Rail-road, in the town of Springfield, in the county of Hampden, and shall so continue until the first day of October, in the year of our Lord one thousand eight hundred and fifty-one ; and shall be entitled to all the powers and privileges, and be subject to all the duties, restrictions and liabilities, set forth in the public statutes of this Commonwealth, relative to banks and banking.
Section 2. The stock of said bank shall be transferable at its banking house and in its books.
Sections 3. The capital stock of said corporation shall cons’st of one hundred thousand dollars, to be divided into shares of one hundred dollars each, to be paid in such instalments, and at such times, as the stockholders may direct ; provided the whole be paid in within one year from the day of the passage of this act. [Approved by the Governor, Feb. 12, 1840.]”
Acts and Resolves Passed by the General Court of Massachusetts, by Massachusetts Office of Secretary of State, 1846, page 14