Hand-book for Bank OfficersMcGill & Wallace, 1893 - 107 pages |
From inside the book
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Page 65
... John Smith & Co. wishes to " borrow money " from the bank , up to the limit , it would not be lawful to loan them more than $ 10,000 ( one- tenth of the " capital stock " ) ; and the fact that John Smith & Co. were able to give the ...
... John Smith & Co. wishes to " borrow money " from the bank , up to the limit , it would not be lawful to loan them more than $ 10,000 ( one- tenth of the " capital stock " ) ; and the fact that John Smith & Co. were able to give the ...
Page 66
... John Smith & Co. , as indorsers of such paper , if it were known that John Smith & Co. were directly to get the benefit of the money so borrowed , for this would appear to be an evasion of the law ; but if any per- son , firm , or ...
... John Smith & Co. , as indorsers of such paper , if it were known that John Smith & Co. were directly to get the benefit of the money so borrowed , for this would appear to be an evasion of the law ; but if any per- son , firm , or ...
Page 67
... John Smith & Co. had " borrowed money " up to the limit , and any other person , firm , or corporation should choose to borrow money of the bank upon his or its own responsibility and credit , it would be lawful for any such person ...
... John Smith & Co. had " borrowed money " up to the limit , and any other person , firm , or corporation should choose to borrow money of the bank upon his or its own responsibility and credit , it would be lawful for any such person ...
Page 70
... John Smith & Co. , who had already " borrowed money " to the extent of the limit , should offer the same bank bills ... John Smith & Co. , who have already " borrowed money " up to the legal limit , offer to the same bank for discount ...
... John Smith & Co. , who had already " borrowed money " to the extent of the limit , should offer the same bank bills ... John Smith & Co. , who have already " borrowed money " up to the legal limit , offer to the same bank for discount ...
Page 71
... John Smith & Co. were offered to the bank for discount by any person , firm , company , or corporation actually owning such paper , it would be lawful for the bank to discount the same , although John Smith & Co. had already " borrowed ...
... John Smith & Co. were offered to the bank for discount by any person , firm , company , or corporation actually owning such paper , it would be lawful for the bank to discount the same , although John Smith & Co. had already " borrowed ...
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Common terms and phrases
apparent excess appears approval articles of association asso attested authority bad debts Bank Officers banks and bankers board of directors borrow money business of banking business paper capital stock Central Reserve certificates of deposit CHAPTER checks ciation collateral security Comptroller corporation Currency dealing in stocks debts previously contracted decision declaring a dividend deed of trust defined duties election exact excess firm held hold holders indorse interest invested issued John Smith liabilities limit located money borrowed mortgage National Bank Act National banking association National-bank Act necessary negotiating notice number of shares oath organization certificate overdrafts paid payable on demand payment prescribes president or cashier promissory notes proper purchase purpose real estate receive reduce regard reports of condition reserve agents reserve cities restrictions schedule shareholders owning two-thirds signed statute stockholders Supreme Court thereof tion Title transaction violation of law
Popular passages
Page 17 - ... that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such state...
Page 10 - ... in the hands of such executor, administrator, guardian or trustee, 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 held the same stock in his own name.
Page 79 - ... in the same form in which it is made to the Comptroller shall be published in a newspaper published in the place where such association is established, or if there is no newspaper in the place, then in the one published nearest thereto in the same county, at the expense of the association ; and such proof of publication shall be furnished as may be required by the Comptroller.
Page 10 - The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or 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 or stock.
Page 27 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this title...
Page 71 - 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 42 - 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...
Page 27 - That if the directors of any association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this act, all the rights, privileges, and franchises of . the association derived from this act shall be thereby forfeited.