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" Seventh. 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... "
Documents Accompanying the Journal of the House - Page 124
by Michigan. Legislature - 1889
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The American Reports: Containing All Decisions of General ..., Volume 60

Isaac Grant Thompson - Law reports, digests, etc - 1888 - 974 pages
...LXII), declaring that any association organized under the act shall be a body corporate, and " may exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as may be necessary to carry on the business of banking, by discounting and negotiating...
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Arkansas Reports: Cases Determined in the Supreme Court of the ..., Volume 134

Arkansas. Supreme Court - Law reports, digests, etc - 1918 - 672 pages
...the United States defines the corporate power of national banks. Sub-section 7 provides that it shall "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...
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Reports of Cases Argued and Determined in the Circuit Court of ..., Volume 24

United States. Circuit Court (2nd Circuit) - Law reports, digests, etc - 1888 - 634 pages
...brought into the seventh subdivision of section 5,136, and so added to as to authorize a national bank to exercise by its board of directors, or duly authorized officers or agents, subject to law, the powers mentioned. After this alteration in the law, the business of the banks could be law Movius...
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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - Banking law - 1889 - 120 pages
...in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted,...Seventh. To exercise by its board of directors, or duly incidental authorized officers or agents, subject to law, all such inci-pov" ' dental powers as shall...
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Annual Report of the Commissioner of the Banking Department of ..., Volume 25

Michigan. State Banking Department - Banks and banking - 1914 - 748 pages
...corporate, and as such shall have power: ''Fifth. To elect or appoint directors »»•»*•*••» "Sixth. To prescribe by its board of directors, by-laws...privileges granted to it by law exercised and enjoyed." Section 12 of the present law (Section 6101, Compiled Laws of 1897 managed by a board of not less than...
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Session Laws

South Dakota - Session laws - 1891 - 392 pages
...its officers appointed, its property transferred, its business conducted, and the privileges granted it by law, exercised and enjoyed. Seventh. To exercise...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...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - Law - 1891 - 966 pages
...in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted,...privileges granted to it by law exercised and enjoyed. SECT. 14. The commissioner of savings banks shall have access to the vaults, books and papers of the...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 139

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1891 - 782 pages
...which it was established. The statute declares that a national banking institution shall have power "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...
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The American and English Encyclopedia of Law, Volume 16

John Houston Merrill, Charles Frederic Williams, Thomas Johnson Michie, David Shephard Garland - Law - 1891 - 1062 pages
...which its stock shall be transferred,1 its directors elected and appointed, its officers appointed, its property transferred, its general business conducted,...privileges granted to it by law exercised and enjoyed.* Adoption of By-laiu by Quorum of Board. — A by-law of a national bank must, as a prerequisite to...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - Law reports, digests, etc - 1891 - 780 pages
...which it was established. The statute declares that a national banking institution shall have power "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...
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