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Early Michigan

Early Banks Of Michigan

We have no knowledge of any organization under the charter. On the 26th day of March, 1835, four bank charters, passed by the legislative council, were approved by the governor, to wit: 1, Michigan State Bank, at Detroit; 2, Bank of Washtenaw, at Ann Arbor; 3, Bank of Pontiac, which was, by an amendment to the charter of the Detroit and Pontiac railroad company, an existing corporation, authorized to be established by that company at Pontiac ; 4, Erie and Kalamazoo Railroad Bank. This also was a grant of banking powers to an existing 'railroad corporation, the bank to be established at Adrian. The nine banks last above named complete the list of banking corporations which were chartered during the existence of the legislative council of the territory of Michigan.
In 1835 the state constitution, prepared by a convention, was adopted by vote of the people, and the members of the senate and house of representatives who were elected under its provisions assembled as a state legislature at Detroit on the 2d day of November, 1835.

Michigan


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