Hand-book for Bank OfficersMcGill & Wallace, 1893 - 107 pages |
From inside the book
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Page 61
... collateral security for such loans , the Supreme Court , in the case of Union National Bank vs. Matthews , already referred to , decided that the taking of such collateral security is not unlaw- ful , inasmuch as the mortgage or its ...
... collateral security for such loans , the Supreme Court , in the case of Union National Bank vs. Matthews , already referred to , decided that the taking of such collateral security is not unlaw- ful , inasmuch as the mortgage or its ...
Page 63
... collateral security , however , the object of the restrictions contained in section 5137 , and the " intent of the statute , " as defined by the Supreme Court in the Matthews decision , should always be held in mind ; and the decision ...
... collateral security , however , the object of the restrictions contained in section 5137 , and the " intent of the statute , " as defined by the Supreme Court in the Matthews decision , should always be held in mind ; and the decision ...
Page 63
... collateral security for this loan , a note for a like amount made by two persons in favor of the firm , which note was secured by a deed of trust on real estate , executed by one of the makers of the collateral note . The firm failed to ...
... collateral security for this loan , a note for a like amount made by two persons in favor of the firm , which note was secured by a deed of trust on real estate , executed by one of the makers of the collateral note . The firm failed to ...
Page 63
... collateral security , however , the object of the restrictions contained in section 5137 , and the " intent of the statute , ” as defined by the Supreme Court in the Matthews decision , should always be held in mind ; and the decision ...
... collateral security , however , the object of the restrictions contained in section 5137 , and the " intent of the statute , ” as defined by the Supreme Court in the Matthews decision , should always be held in mind ; and the decision ...
Page 65
... collateral security of ample and undoubted market value , would not entitle them lawfully to borrow one dollar more than $ 10,000 , RESTRICTIONS AS TO LOANS . 65.
... collateral security of ample and undoubted market value , would not entitle them lawfully to borrow one dollar more than $ 10,000 , RESTRICTIONS AS TO LOANS . 65.
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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.