EXHIBIT 5
CRAIG and MACAULEY
PROFESSIONAL CORPORATION
COUNSELLORS AT LAW
FEDERAL RESERVE PLAZA
600 ATLANTIC AVENUE
BOSTON, MA 02210
TELEPHONE: (617) 367-9500
TELECOPIER: (617) 742-1788
July 13, 2000
The Beverly National Corporation
240 Cabot Street
Beverly, MA 01915
Dear Sirs:
The Beverly National Corporation, a Massachusetts
corporation ("Corporation"), will file a Registration Statement
on Form S-8 under the Securities Act of 1933, as amended,
covering an aggregate of 30,000 shares of its Common Stock.
We have examined the Articles of Organization of the
Corporation and the By-Laws of the Corporation and a Certificate
of Legal Existence and Good Standing dated July 12, 2000 and have
supervised and are familiar with the corporate proceedings taken
in connection with the authorization and issuance of the shares
of Common Stock which the Registration Statement covers. We have
also made such examination of the laws of the Commonwealth of
Massachusetts as we deemed appropriate to express the opinions
hereinafter set forth.
Based on the foregoing, we are of the opinion that the
Corporation is a corporation duly incorporated and validly
existing under the laws of the Commonwealth of Massachusetts; and
that upon the issuance, sale and delivery of the 30,000 shares of
Common Stock to be sold by you as contemplated in the
Registration Statement and the receipt of the consideration
therefor, as stated therein, the said shares will be legally and
validly authorized, issued and delivered and will be fully paid
and non-assessable.
We hereby consent to the filing of this opinion as an
exhibit to the Registration Statement.
CRAIG AND MACAULEY
PROFESSIONAL CORPORATION
By: /s/ David F. Hannon
