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" Attention is particularly directed to the seventh subdivision of this section, reading as follows: "To exercise by its board of directors or duly authorized officers or agents, subject to law, all such power "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lv
by Michigan. Banking Division - 1926
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United States Reports: Cases Adjudged in the Supreme Court, Volume 262

United States. Supreme Court - 1928 - 884 pages
...For § 4, (38 Stat. 251, 254) provides that the federal reserve banks shall have power: " Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act and such incidental powers as shall be...
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The American Law Register, Volume 15

1876 - 816 pages
...p. 998). By section 5, 13G of the Revised Statutes, authority is given to the banking associations " 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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Albany Law Journal, Volume 13

1876 - 476 pages
...averted or diminished. Chief Justice Waite, who delivered the opinion, said : A mitiomil bank can " exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers us shall be necessary to carry on the business uf banking, by discounting and in-L...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 pages
...general business conducted, and the privileges granted to it by law exercised and enjoyed. 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; by discounting and negotiating...
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Albany Law Journal, Volume 19

1879 - 564 pages
...bear upon the subject are as follows : "Sue. 5130." Every national banking association is authorized " 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 negótintingpromissory...
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The Southern Law Review, Volume 6

1881 - 1014 pages
...Business. — (l.) The Statute. — By the statute governing national banks, power is conferred upon them " 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: (i) by discounting and...
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Acts Passed by the General Assembly of Georgia

Georgia - 1881 - 742 pages
...certificates, contracts, or other instruments as may be necessary to the transaction of its business; and 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. . , . r , i 11 i , corporation....
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The Doctrine of Ultra Vires: Illustrated and Explained by Selected Cases ...

George Washington Field - 1881 - 620 pages
...upon the subject are as follows: " Section 5136." Every national banking association is authorized "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 banki' 1 ") °J discounting and...
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The Ohio Law Journal, Volume 4

1884 - 1022 pages
...merchandise, as collateral security. By the said section, every National banking association is authorized,'' 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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Laws of the Territory of Utah Passed by the Legislative Assembly

Utah (Ter.) - 1888 - 264 pages
...transferred, its general business conducted and the privileges granted to it by law exercised and enjoyed. 7. To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shail be necessary to carry on the business of banking by discounting or negotiating...
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