ANNUAL MEETING: of stockholders, when to be held..... ARTICLES OF ASSOCIATION: acknowledgment of.. may be used as evidence. shall be issued in triplicate............. filed with Commissioner of Banking and Secretary of State.. recorded in county clerk's office................ specify kind of business shall be charged off.... 84 BANK: affairs of, to be managed by board of directors 12 combining commercial and savings departments, shall keep separate books of account 29 1 BANK-Continued: names shall not be materially similar. notice of liquidation of, to be certified to commissioner and published in newspapers.. reorganization of, not to discharge existing liabilities.. state into national... national into state.. reserve, amount required..... shall issue no circulating notes..... keep a book containing names and residence of stockholders..... not commence business until authorized........... purchase its own capital stock.. take its own stock as security.. more than the legal rate of interest.. surplus, amount to be carried to before declaring dividend.. BANKING DEPARTMENT: banks subject to inspection by. established........... officers of, and their duties.. seal of----------- shall have supervision of mortgage, loan and trust companies.... BONDS: commissioner and deputy to give savings banks may purchase................ BY-LAWS: to be prescribed by board of directors. C. CAPITAL STOCK: amount required.... delinquent installments of, how collected may be increased or reduced..... number of shares of, required to be eligible as director... payment of...---------- proceedings in case of cancellation of.. impairment of reduction of, to be approved by commissioner.. shall not be held as security by bank issuing it shares of, to be deemed personal property.. CASHIER: to be appointed by directors............... CERTIFICATE OF AUTHORITY: commissioner may withhold.. shall be issued by commissioner.. published by bank................ CERTIFICATES of Deposit: may be issued by savings banks... shall be effectual to bind the bank, etc..... CERTIFIED CHECKS: illegal certification shall be punished.. CHARTER: limited to thirty years.. |