Reports of the Condition of the State, Private and Savings BanksEdwards & Broughton, and E.M. Uzzell, state printers, 1916 |
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Common terms and phrases
Accrued interest due Bank and Trust Banking house banks and bankers Bills payable bills rediscounted bonds and mortgages Carolina State bonds Cash items Cashier Cashier's checks outstanding certificates of deposit Certified checks Citizens Bank coin Accrued interest coin Cashier's checks coin Certified checks Corporation Commission Demand certificates Demand loans Deposits subject Dividends unpaid Due from banks Due to banks Farmers and Merchants Farmers Bank furniture and fixtures Gold coin including all minor interest due depositors July June Laws LIABILITIES Loan and Trust Loans and discounts MERCHANTS AND FARMERS Merchants Bank minor coin Accrued minor coin Cashier's minor coin Certified minor coin currency National bank notes North Carolina Notes and bills Overdrafts Premium on bonds real estate RESOURCES Revenue stamps Savings deposits Sept Silver coin stocks bonds subject to check Surplus fund Total TRUST COMPANY Trust deposits U. S. notes Undivided profits United States bonds
Popular passages
Page 156 - 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...
Page 157 - ... 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 hold the stock in his own name.
Page 157 - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Page 157 - But the discount of bills of exchange drawn in good faith against actually existing values and the discount -of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed.
Page 164 - When any deposit shall be made by any person in trust for another, and no other or further notice of the existence and terms of a legal and valid trust shall have been given in writing to the bank, in the event of the death of the trustee, the same, or any part thereof, together with the dividends or interest thereon, may be paid to the person for whom the deposit was made.
Page 162 - When the day of maturity falls upon Sunday, or a holiday, the instrument is payable on the next succeeding business day. Instruments falling due, or becoming payable, on Saturday are to be presented for payment on the next succeeding business day...
Page 157 - AS used in this section, shall apply not only to such persons as appear by the books of the corporation to be such, but also to every equitable owner of stock, although the same appear on the books in the name of another...
Page 156 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 157 - ... 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 154 - ... the certificate of incorporation, a description of the different classes, with the terms on which the respective classes of stock are created.