Pratt's Digest of the National Bank Act and Other Laws Relating to National Banks from the Revised Statutes of the United States: With Amendments and Additional Acts to which is Appended Information how to Proceed in Organizing National Banks : Also Rules and Regulations Governing the Redemption of United States and National Bank Notes, and Circulars Issued by the Treasury Officials of Interest to Bankers |
From inside the book
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Page 7
... becomes forfeited by some violation of law . Third . To make contracts . * 2 Abb . , U. S. , 416 . See Act July 12th , 1882 , page 107 . See Act May 1 , 1886 , page 115 B. Fourth . To sue and be sued , complain and AR ...
... becomes forfeited by some violation of law . Third . To make contracts . * 2 Abb . , U. S. , 416 . See Act July 12th , 1882 , page 107 . See Act May 1 , 1886 , page 115 B. Fourth . To sue and be sued , complain and AR ...
Page 9
... July 12th , 1882 , ' ( which see . ) Fifth clause . Directors may be elected or appointed . They must first be elected , and this in accordance with the requirements of Section 5145 , ( which see . ) The appointment refers to the ...
... July 12th , 1882 , ' ( which see . ) Fifth clause . Directors may be elected or appointed . They must first be elected , and this in accordance with the requirements of Section 5145 , ( which see . ) The appointment refers to the ...
Page 26
... July 12th , 1882 , Section 8 , page 107 , any bank having a capital of $ 150,000 or less can be organized on a deposit of bonds equal to one quarter of such capital . Therefore banks with a capital over $ 150,000 must deposit $ 50,000 ...
... July 12th , 1882 , Section 8 , page 107 , any bank having a capital of $ 150,000 or less can be organized on a deposit of bonds equal to one quarter of such capital . Therefore banks with a capital over $ 150,000 must deposit $ 50,000 ...
Page 31
... July 12th , 1882 , pg . 107 , provides that every association may receive circulation equal to 90 per cent . of their capital stock without regard to amount of capital , provided bonds are deposited to secure such circulation . The ...
... July 12th , 1882 , pg . 107 , provides that every association may receive circulation equal to 90 per cent . of their capital stock without regard to amount of capital , provided bonds are deposited to secure such circulation . The ...
Page 33
... July , eighteen hundred and sev- enty , shall have a circulation in excess of five hundred thou- sand dollars . * Any association may now have circulation equal to 90 per cent . of its capital , whatever that capital , provided it ...
... July , eighteen hundred and sev- enty , shall have a circulation in excess of five hundred thou- sand dollars . * Any association may now have circulation equal to 90 per cent . of its capital , whatever that capital , provided it ...
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Pratts' Digest of the National Bank Act and Other Laws Relating to National ... A. S. Pratt And Sons No preview available - 2017 |
Common terms and phrases
Act of February Act of June amended amounts due appointed articles of association assets assignment Assistant Treasurer asso authorized banks located board of directors capital stock centum certificates of deposit checks ciation circulating notes Comptroller Comptroller's office coupon coupon bonds court Currency debts deposit lawful deposit of lawful depositaries district dividends duly duty eighteen hundred election executed five per cent held hereby holders indorse interest issued July 12th lawful money legal-tender notes liabilities loan minor coins moneyed capital National Bank Act National bank notes National bank shares National banking association notary public notice organization certificate paid payable payment penalty person prescribed president or cashier receipt receive redeemed registered bonds reserve agents reserve cities Revised Statutes seal Secretary shareholders stockholders taxation thereof tion Title transfer troller U. S. notes United States bonds United States notes United States Treasurer vote
Popular passages
Page 45 - That 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 47 - If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made, and no dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts.
Page 23 - ... 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 198 - All stocks, bonds, Treasury notes, and other obligations of the United States, shall be exempt from taxation by or under State or municipal or local authority.
Page 22 - 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 31 - In order to furnish suitable notes for circulation, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury, cause plates and dies to be engraved, in the best manner to guard against counterfeiting and fraudulent alterations, and shall have printed therefrom, and numbered, such quantity of circulating notes, in blank, of the denominations of...
Page 87 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 8 - Sixth. To prescribe by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred^ its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed.
Page 42 - Whenever any association fails either to make the selection or to redeem its notes as aforesaid, the Comptroller of the Currency may, upon receiving satisfactory evidence thereof, appoint a receiver in the manner provided for in section fifty-two hundred and thirty-four, to wind up its affairs.
Page 78 - ... false entry in any book, report or statement of the association, with intent, in either case, to injure or defraud the association or any other company, body politic or corporate, or any individual person, or to deceive any officer of...