1893_public laws_377_74
CHAPTER 377 An act to establish the state banking system of North Carolina. The General Assembly of North Carolina do enact: ARTICLE I.GENERAL Provisions,
Injunction upon Receivership. Whenever a bank or individual banker against whom proceedings have been instituted on account of any alleged refusal to redeem its circulating notes aforesaid denies having failed so to do, it or he may, within any time within ten days after it or he has been notified of the appointment of a receiver, as provided in section seventy-one, apply to the judge of the judicial district in which said bank or banker is established to enjoin future proceedings in the premises; and such judge, after citing the comptroller to show cause why further proceedings should not be enjoined, and after the decision of the court finding that such bank or banker has not refused to redeem the circulating notes, when legally presented, in the lawful money of the United States, shall make an order enjoining the comptroller, and any receiver acting under his directions, from all further proceedings on account of such alleged refueal.