Bookkeeping & Business Practice, Complete Course

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American book Company, 1895 - Bookkeeping - 250 pages

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Page 221 - ... promissory notes, drafts, bills of exchange, and other evidences of debt; receive deposits, buy and sell exchange, coin and bullion; loan money on personal security, issue and circulate its own notes, and make all needful by-laws not inconsistent with the Banking Act.
Page xxviii - In witness whereof, the master or purser of the said vessel hath affirmed to C. D bills of lading, all of this tenor and date; one of which being accomplished, the others to stand void.
Page 221 - The amount of its capital stock and the number of shares into which the same shall be divided.
Page xviii - A written instrument giving an agent authority to act for his principal. An agent thus empowered is called an Attorney in Fact. PREFERRED STOCK.— Stock taking preference over the ordinary stock of a corporation. A dividend is declared and paid on preferred stock before any can be declared on common stock. PRIMA FACIE.— At first view. Prima facie evidence is that evidence which is sufficient unless rebutted. PROMISSORY NOTE. — A written promise to pay a certain sum of money unconditionally,...
Page 208 - For value received hereby sell, assign and transfer unto ^ shares of the capital stock represented by the within certificate and do hereby irrevocably constitute and appoint attorney to transfer the said stock on the books of the within named company with full power of substitution in the premises.
Page 206 - They are not partnerships, for their members are organized as an aggregate body; nor are they pure Corporations for their members are each more or less liable for all of the debts of the company.
Page xxxiv - SECTION 1 . Whenever in pursuance of its articles of association the property of any joint-stock association is represented by shares of stock, it may be lawful for said associations to provide by their articles of association that the death of any stockholder or the assignment of his stock shall not work a dissolution of the association, but it shall continue as before, nor shall such company be dissolved except by judgment of a court for fraud in its management or other good cause to such court...
Page 207 - Section 6. The Secretary shall keep a record of the proceedings of the Board of Directors and also of the meetings of the Stockholders. He shall also keep a book of blank certificates of stock, fill up and countersign all certificates Issued, and make the corresponding entries upon the marginal stub of each certificate issued. He shall keep a stock ledger In due form, showing the number of shares...
Page 222 - In order to furnish suitable notes for circulation, the Comptroller of the Currency is hereby authorized and required, under the direction of the Secretary of the Treasury, to cause plates and dies to be engraved, in the best manner, to guard against counterfeiting and fraudulent alterations, and...
Page xxviii - ... of weather ; nor for loss or damage on any article or property whatever by fire or other casualty while in transit or while in depots or places of transshipment, or at depots or landings at all points of delivery ; nor for loss or damage by fire, collision, or the dangers of navigation while on seas, rivers, lakes, or canals.

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