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 |
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Page 6
... increase of capital stock may be provided for in the articles of association , but such maximum of increase is to be determined by the Comptroller of the Currency . Once so fixed , it has been held by the United States Attorney General ...
... increase of capital stock may be provided for in the articles of association , but such maximum of increase is to be determined by the Comptroller of the Currency . Once so fixed , it has been held by the United States Attorney General ...
Page 12
... increase to any number . It thus sometimes happens that we find banks in some towns and cities that appear to have less than the minimum capital required by law . They were either organized when the places were smaller , or were ...
... increase to any number . It thus sometimes happens that we find banks in some towns and cities that appear to have less than the minimum capital required by law . They were either organized when the places were smaller , or were ...
Page 16
... Increase of Capital Stock . * SECTION 5142. - Any association formed under this Title may , by its articles of association , provide for an increase of its capital from time to time , as may be deemed expedient , subject to the ...
... Increase of Capital Stock . * SECTION 5142. - Any association formed under this Title may , by its articles of association , provide for an increase of its capital from time to time , as may be deemed expedient , subject to the ...
Page 17
... increased stock pro rata to the existing stock- holders , and not until it has been declined by them can the new stock be offered to outsiders . The proper course for an increase of stock is for the directors to pass a resolution at a ...
... increased stock pro rata to the existing stock- holders , and not until it has been declined by them can the new stock be offered to outsiders . The proper course for an increase of stock is for the directors to pass a resolution at a ...
Page 26
... Increase and Decrease of Capital and Bonds . SECTION 5160. - The deposits of bonds made by each associ- * Chapters III , IV , and V of this work . ation shall be increased as its capital may be paid 26 CHAPTER III. ...
... Increase and Decrease of Capital and Bonds . SECTION 5160. - The deposits of bonds made by each associ- * Chapters III , IV , and V of this work . ation shall be increased as its capital may be paid 26 CHAPTER III. ...
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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...