Hand-book for Bank Officers |
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Page 26
... Title , and that he is the owner in good faith , and in his own right , of the number of shares of stock required by this Title , subscribed by him , or standing in his name on the books of the associa- tion , and that the same is not ...
... Title , and that he is the owner in good faith , and in his own right , of the number of shares of stock required by this Title , subscribed by him , or standing in his name on the books of the associa- tion , and that the same is not ...
Page 27
... Title , all the rights , privileges , and franchises of the association shall be thereby forfeited . Such violation shall , however , be determined and adjudged by a proper circuit , district , or territorial court of the United States ...
... Title , all the rights , privileges , and franchises of the association shall be thereby forfeited . Such violation shall , however , be determined and adjudged by a proper circuit , district , or territorial court of the United States ...
Page 42
... Title . Court Decisions Construing These . As it is very important to know what powers are granted to a National bank under its charter , the following extracts from two decisions are quoted , as throwing some light on this subject ...
... Title . Court Decisions Construing These . As it is very important to know what powers are granted to a National bank under its charter , the following extracts from two decisions are quoted , as throwing some light on this subject ...
Page 51
... Title . The only reasonable inference to be drawn from this special provision of the law , in favor of State banks converting to the National system , is that it was not intended that National banking associa- tions - originally ...
... Title . The only reasonable inference to be drawn from this special provision of the law , in favor of State banks converting to the National system , is that it was not intended that National banking associa- tions - originally ...
Page 57
... title and possession of any real estate purchased to secure any debts due to it , for a longer period than five years . Restrictions Imposed by Law . It will be clearly perceived from the language of this section that the only purpose ...
... title and possession of any real estate purchased to secure any debts due to it , for a longer period than five years . Restrictions Imposed by Law . It will be clearly perceived from the language of this section that the only purpose ...
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Common terms and phrases
apparent excess appears approval articles of association asso attested authority bad debts Bank Officers banks and bankers board of directors borrow money business of banking business paper capital stock Central Reserve certificates of deposit CHAPTER checks ciation collateral security Comptroller corporation Currency dealing in stocks debts previously contracted decision declaring a dividend deed of trust defined duties election exact excess firm held hold holders indorse interest invested issued John Smith liabilities limit located money borrowed mortgage National Bank Act National banking association National-bank Act necessary negotiating notice number of shares oath organization certificate overdrafts paid payable on demand payment prescribes president or cashier promissory notes proper purchase purpose real estate receive reduce regard reports of condition reserve agents reserve cities restrictions schedule shareholders owning two-thirds signed statute stockholders Supreme Court thereof tion Title transaction violation of law
Popular passages
Page 17 - ... that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such state...
Page 10 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 79 - ... in the same form in which it is made to the Comptroller shall be published in a newspaper published in the place where such association is established, or if there is no newspaper in the place, then in the one published nearest thereto in the same county, at the expense of the association ; and such proof of publication shall be furnished as may be required by the Comptroller.
Page 10 - The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares or stock.
Page 27 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this title...
Page 71 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 42 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of...
Page 27 - That if the directors of any association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this act, all the rights, privileges, and franchises of . the association derived from this act shall be thereby forfeited.