HOLDERS OF GOVERNMENT SECURITIES-Continued: To select place for payment of interest on registered stock..... INTEREST: When payable in coin.... I. PAGE 69 70 79-82 When it ceases to run..... On registered bonds, where payable........... 9, 25, 74, 75, 76, 78, 154 69 transferred after books are closed, to whom payable..........................57, 69 disposition of, when not claimed in ninety days...... On coupon bonds, how and where collectable....... in cases of called bonds or detached coupons. May be paid before maturity; when subject to rebate........ On funded loans, exempt from taxation....... Collection of, on bonds deposited with Treasurer by national banks..... L. LEGAL-TENDER NOTES: (See United States Notes.) Origin of the term; for what receivable..... 69 69, 70 70 70, 71 76, 77 71 87 117 For what they are not receivable....................... Constitutionality of the laws relating to.. Dates and descriptions of issues... LIABILITY: (See National Banks.) Of stockholders in national banks; extent and enforcement of.... If registered, notice of loss to be given Treasury Department.. may be duplicated.... Proceedings for obtaining duplicates.... Coupon bonds renewed only when destroyed or defaced.. How such renewals are obtained..... MONTHLY DEBT STATEMENT: Description of............... Balances of old loans included in... M. MUTILATED CURRENCY. (See United States Notes; Fractional Currency.).. 35 42 41 42, 43 108, 134 123 25 7 25 25 93-96 ........60, 66 61 62, 63 66, 67 63, 68 77, 78 78 .... 49 N. PAGE. NATIONAL BANKS: ACTS OF AUTHORIZATION amendatory of the banking laws 101-142 ANNUAL REPORT OF COMPTROLLER; what to contain. receiver, not good as a set-off in favor of a debtor of the bank... 142-159 140 105 103 134 124 129 BAD DEBTS defined; to be deducted from net profits before dividend. BANKING ASSOCIATIONS, how formed. (See Organization)........... no limit to number of, or to aggregate amount of capital.. must deposit bonds whether circulation is obtained or not sufficiency of proof concerning formation of, a question for Comptrol- BANK NOTE PAPER. (See Counterfeiting.)... BANK RESERVES. (See Redemption Agencies. Reserves.....)................ exceed that imposed on State banks. but may equal the highest rate imposed, when a lower rate exists 103, 104 103 103 103 104, 109 120 126, 127 127 BILLS OF EXCHANGE, discount of, when not usurious..... 120 103, 111 may be issued in lieu of coupon for purposes of deposit................................ 111 deposited, amount necessary to perfect organization................ 110, 111 always to equal one-third of capital stock actually paid in....... 111 transfers of, by Treasurer, to be countersigned and recorded by 113 to be examined annually and compared with Comptroller's 116, 117 result of examination to be certified to Treasurer by such officers 117 to be held exclusively as security for redemption of notes; de- 117 may be exchanged for other United States bonds...... 117 returned on surrender and cancellation of circulating or on deposit of lawful money.. cannot be retained as security for other claims of the United certificate authorizing such commencement to be published 112 BY-LAWS to be established by board of directors....... 106 may, subject to the provisions of the act, regulate the transfer of stock, 106 regulations for payment of duty on....... to be deemed personal property. mode of transfer to be fixed by articles or by-laws.. not realizing amount due and expenses, forfeited...... 110 108 106, 108 109 109 124 110 CASHIER, to be appointed by board of directors. bank responsible for his acts... limitations of responsibility, when not effectual..... when his authority may be inferred to give security, if required by association.. may certify payment of installments of capital... verify final statement of organization .......... sign memorandum on bonds transferred to Treasurer to keep list of stockholders..... may verify reports, returns, &c... may waive protest...... 110 162, 163 .117, 126, 128, 150, 151 131 CERTIFYING CHECKS, unlawful, unless amount certified is actually on deposit....... 151 the act of, by competent officers, creates a valid obligation on contrary to law, subjects banks to proceedings for closing up, CHARLESTON, when to be added to list of cities where banks may hold three-fifths 153 153 PAGE. NATIONAL BANKS-Continued: CIRCULATION-Continued: $25,000,000 of, redistribution of, in States having less than their CIRCULATING NOTES, how provided; denominations and form of..... plates and dies to remain in charge of Comptroller.. not more than one-sixth to be under $5.. ... 115 125 113 115 115 none under $5, after resumption of specie payments. of fine and imprisonment.. worn-out or mutilated, to be replaced.. 118 116 1 113, 114 53, 128 provisions relating to, 53, 121, 122, 128, 132, 135, 156, 157 121, 122 of banks in other places, to be redeemed at a bank in either of 122 122 124 149 amount of, issued under act of July 12, 1870, to be reported authorize associations, when duly organized, to commence busi- ness..... 105, 112, 130 examine and determine when associations are entitled to such author- 112 issue his official certificate for that purpose; contents of..... 112 record and countersign transfers of bonds belonging to associations..... 113 113 deliver, to associations which have complied with the law their quota 114 furnish gold notes to associations organized as gold banks.. 154 make regulations for the entry or record of such notes.. 116 117 117 and to make good any deficiency in lawful money reserve....... 121 121 122 131 132 in case of insolvency, and within thirty days after notice of failure, 132 135 and from time to time, after providing for any deficiency in of checks....... appoint from time to time, with approval of Secretary, examiners of 151 137 make an annual report to Congress; contents of........... 140, 141 153 take steps for redistribution of circulating notes under same act........ 156 153 make requisition on banks having a surplus circulation for a pro rata 156 in case of non-compliance, to sell bonds of defaulting association to an 156 make regulations, subject to approval of Secretary, for removal of 157 158 |