A Treatise on the Law of National and State Banks: Including the Clearing House and Trust Companies : with an Appendix Containing the National Bank Act as Amended, and Instructions Relative to the Organization of National Banks |
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Page iv
... inherent , incidental , and implied powers , such as are necessary to carry out and into effect the full purposes of the corporation . The author has endeavored , in the treatment of the subject , to define these various powers , and ...
... inherent , incidental , and implied powers , such as are necessary to carry out and into effect the full purposes of the corporation . The author has endeavored , in the treatment of the subject , to define these various powers , and ...
Page viii
... inherent in corporations .. 34. By - law defined . 35. Power delegated by statute . 36. Who has power to make by - laws . 37. Where statute provides purpose . 38. By - laws must be reasonable .. 39. When a by - law becomes a law . 40 ...
... inherent in corporations .. 34. By - law defined . 35. Power delegated by statute . 36. Who has power to make by - laws . 37. Where statute provides purpose . 38. By - laws must be reasonable .. 39. When a by - law becomes a law . 40 ...
Page x
... inherent powers 129. Cashier has inherent power to certify checks . 136 138 140 140 146 147 132. Power to receive offers for the purchase of bank securities . 150 130. Cashier cannot certify his own check . 131. Power to draw checks ...
... inherent powers 129. Cashier has inherent power to certify checks . 136 138 140 140 146 147 132. Power to receive offers for the purchase of bank securities . 150 130. Cashier cannot certify his own check . 131. Power to draw checks ...
Page 52
... inherent , in corporations . The power of a corporation to make by - laws is inherent in it . One of the important features of a corporation is the power to make by - laws.1 § 34. By - law defined . " A by - law is a permanent rule of ...
... inherent , in corporations . The power of a corporation to make by - laws is inherent in it . One of the important features of a corporation is the power to make by - laws.1 § 34. By - law defined . " A by - law is a permanent rule of ...
Page 94
... inherent au- thority in the absence of a resolution or direction coming from the board of directors , to make loans to any person or persons . In New York in the case of Bank Commissioner v . Bank of Buffalo , 6 Paige Chancery ( N. Y. ) ...
... inherent au- thority in the absence of a resolution or direction coming from the board of directors , to make loans to any person or persons . In New York in the case of Bank Commissioner v . Bank of Buffalo , 6 Paige Chancery ( N. Y. ) ...
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Common terms and phrases
agent amendment amount articles of association authority bank's banker banking business banking corporation becomes bills of exchange bind the bank board of directors bonds borrow money branch banks business of banking by-laws capital stock cashier certificate of deposit certify checks charter Chemical Bank circulating notes clearing-house coin collection Comptroller contract court says creditors Currency custom debt defendant depositor discount dollars draft drawer duty executed fact funds gold held hold holder indorsement inherent power insolvent issued liability loan National Banking Act national banking association negligence notice officer organization certificate organized owner paid paper parties payable payee paying teller payment person plaintiff presented president promissory notes purchase purpose question Revised Statutes rule savings bank shareholders silver special deposit stockholders Supreme Court thereof tion transaction transfer Treasury trust United United States notes violation
Popular passages
Page 629 - ... and that the shares of any national banking association owned by non-residents of any state shall be taxed in the city or town where the bank is located, and not elsewhere. Nothing herein shall be construed to exempt the real property of associations from either state, county, or municipal taxes, to the same extent, according to its value, as other real property is taxed.
Page 600 - ... 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 629 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 629 - State, subject only to tha 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 32 - Such persons shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions not inconsistent with law which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 652 - ... of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report, or statement of the association, with intent, in either case, to injure or defraud the association...
Page 690 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...
Page 332 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 81 - The shareholders of every national banking association 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 342 - 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...