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" Every such corporation shall, at the time of making each semi-annual dividend, reserve as a guaranty fund, from the net profits which have accumulated during the six months then next preceding, not less than one-eighth nor more than one-fourth of one... "
Annual Report of the Commissioner of Banks - Page xix
by Massachusetts. Division of Banks and Loan Agencies - 1902
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Public Documents of Massachusetts, Volume 6

Massachusetts - 1899
...next preceding, not less than one eighth nor more than one fourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...depreciation of its securities, or otherwise. SECTION 26. The income or profit of every such cor- Division of net ' profit, etc. poration, after a deduction...
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - Massachusetts - 1894
...next preceding, not less than one-eighth nor more than one-fourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...from depreciation of its securities, or otherwise. Net prom to be SECT. 25. The income or profit of every such corporad«po§itor«, and tion, after a...
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Public Documents of Massachusetts, Volume 1, Part 2

Massachusetts - Massachusetts - 1896
...of the whole amount of deposits, until such fund amounts to five percent, of the whole amount of the deposits, which fund shall be thereafter maintained...from depreciation of its securities or otherwise." The question stated in your letter is whether it is legal for a savings bank to reserve and hold a...
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Annual Report of the Commissioner of Banks

Massachusetts. Division of Banks and Loan Agencies - 1883
...preceding, not less than one-eighth nor more than one- fourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...from depreciation of its securities, or otherwise. Net profit to SECT. 25. The income or profit of every such corporation, divided among ' * dopoBito™,...
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Acts of the legislature of west virginia

1887
...next pteceding, not less than one-eighth nor more than one-fourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...from depreciation of its securities or otherwise. 24. The income or profit of every such savings bank, profits: how after a deduction of all reasonable...
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A Massachusetts Savings Bank: Being an Account of the Provident Institution ...

Henry Lee - Banking law - 1893 - 44 pages
...next preceding, not less than one-eighth nor more than onefourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...from depreciation of its securities, or otherwise. Net profit to be SECT. 25. The income or profit of every such corporation, divided among e ... e 11...
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A Massachusetts Savings Bank: Being an Account of the Provident Institution ...

Henry Lee - Savings banks - 1893 - 44 pages
...next preceding, not less than one-eighth nor more than onefourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...from depreciation of its securities, or otherwise. Net profit to be SECT. 25. The income or profit of every such corporation, dep'osltorsjand after a...
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Public Documents of Massachusetts, Volume 6

Massachusetts - 1894
...next preceding, not less than one-eighth nor more than one-fourth of one per cent, of the whole amount of deposits, until such fund amounts to five per cent,...the whole amount of deposits, which fund shall be thereafler maintained and held to meet losses in its business from depreciation of its securities,...
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Acts and Resolves Passed by the General Court of Massachusetts

Massachusetts - Law - 1894
...of deposits, until such rand amounts to five per cent, of the whole amount of deposits, which rand shall be thereafter maintained and held to meet losses...depreciation of its securities, or otherwise. SECTION 2G. The income or profit of every such corporation, after a deduction of all reasonable expenses incurred...
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Annual Report of the Commissioner of Banks, Part 1

Massachusetts. Division of Banks and Loan Agencies - 1894
...of deposits, until such fund amounts to five per cent, of the whole amount of deposits, which fond shall be thereafter maintained and held to meet losses...from depreciation of its securities, or otherwise. Net prom to be SECT. 25. The income or profit of every such corporedMded among , , , , . , ,, , . depositor.,...
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