National Bank Cases: Containing All Decisions of Both the Federal and State Courts Relating to National Banks, from 1878 to [1889] Also, the Acts Relating to National Banks, Volume 3Bancraft-Whitney Company, 1889 - National banks (U.S.) |
From inside the book
Results 1-5 of 86
Page 3
... banking association shall be held indi- vidually responsible , equally and ratably and not one for another , for all con- tracts , debts and engagements of such association , to the extent of the amount of their stock therein , at the ...
... banking association shall be held indi- vidually responsible , equally and ratably and not one for another , for all con- tracts , debts and engagements of such association , to the extent of the amount of their stock therein , at the ...
Page 6
... bank , so far as it applies to future advances , is invalid , because a mortgage of that character is pro- hibited by the National Banking Law . That law , after in terms authorizing every National banking association to loan money on ...
... bank , so far as it applies to future advances , is invalid , because a mortgage of that character is pro- hibited by the National Banking Law . That law , after in terms authorizing every National banking association to loan money on ...
Page 15
... bank , and to have him declared to be still a stockholder in respect of those shares . The statute declares that the capital stock of every National banking association shall be divided into shares of $ 100 each , and be transferable on ...
... bank , and to have him declared to be still a stockholder in respect of those shares . The statute declares that the capital stock of every National banking association shall be divided into shares of $ 100 each , and be transferable on ...
Page 21
... Bank Act of 1864 ( 13 Stat . at L. 99 ) , and its amendments on Jan- uary 16 , 1871. Its articles of association provided that " This association shall continue for the period of twenty years from the date of the organization ...
... Bank Act of 1864 ( 13 Stat . at L. 99 ) , and its amendments on Jan- uary 16 , 1871. Its articles of association provided that " This association shall continue for the period of twenty years from the date of the organization ...
Page 22
... association , or by the act of its shareholders owning two - thirds of its stock , or unless its franchise becomes forfeited by some violation of law . " By section 5220 it is also provided that " any association may go into liquidation ...
... association , or by the act of its shareholders owning two - thirds of its stock , or unless its franchise becomes forfeited by some violation of law . " By section 5220 it is also provided that " any association may go into liquidation ...
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Common terms and phrases
act of Congress action aforesaid Albany alleged amount appellant appellee assessment assessors assets authority averment Bank Cas bank stock bill bonds Britton capital stock cashier cent certificate certificate of deposit charged Circuit Court claim complainant Comptroller contract corporation court of equity creditors Currency debts declared decree deduction deposit directors discount District dividend equity exempt fact Fortier funds greater rate hands of individual held holders indebtedness indictment indorsed insolvent interest invested Johnson judgment jurisdiction liability loan ment misapplication moneyed capital mortgage National bank shares National Banking Act offense officers Orleans Nat owner paid par value parties payment personal property Philadelphia Warehouse Co plaintiff in error president purchase question real estate receiver Revised Statutes shareholders shares of National shares of stock stockholders suit Supervisors of Albany taxation thereof tion transaction transfer United usurious void York
Popular passages
Page 368 - The shareholders of each association formed under the provisions of this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such 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...
Page 468 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 407 - Third. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings. Fourth. Such as it shall purchase at sales under judgments, decrees, or mortgages held by the association, or shall purchase to secure debts due to it...
Page 436 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion Of its capital.
Page 639 - State, subject only to the two restrictions, 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 475 - All that can be required of a trustee to invest, is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested.
Page 466 - In case the greater rate of interest has been paid, the person by whom it has been paid, or his legal representatives, may recover back, in an action in the nature of an action of debt, twice the amount of the interest thus paid from the association taking or receiving the same ; provided such action is commenced within two years from the time the usurious transaction occurred.
Page 388 - 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 banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 534 - As a creditors' bill, in the ordinary sense, the complaint is manifestly insufficient. The thresher company, however, plants itself upon the so-called "trust-fund" doctrine .that the capital stock of a corporation is a trust fund for the payment of its debts; its contention being that such a
Page 606 - To sue and be sued, complain and defend, in any court of law or equity, as fully as natural persons.