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" A bank may purchase, hold and convey real estate for the following purposes, but no other: First, Such as shall be necessary for the convenient transaction of its business, including with its banking office, other apartments to rent as a source of income,... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lxx
by Michigan. Banking Division - 1920
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 106

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1897 - 824 pages
...decrees, or mortgages held by such association," etc. Again, 3 How. Stat. § 32086, provides that— "A bank may purchase, hold, and convey real estate for the following purposes, but no other: * * * "3. Such as it shall purchase at sale under judgments, decrees, or mortgage foreclosures under...
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Wisconsin Session Laws

Wisconsin - 1858 - 660 pages
...said corporation. Provided, That the real flovwoestate to be held by said corporation shall be only such as shall be necessary for the convenient transaction of its business, or be conveyed to it in satisfaction of debts previously contracted, as herein after mentioned. §...
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Attorney General's Report

North Carolina. Department of Justice - 1920 - 180 pages
...estate is fixed by chapter 55, Public Laws of 1919, which reads as follows, and speaks for itself: "Such as shall be necessary for the convenient transaction of its business, including furniture and fixtures with its banking offices and other apartments to rent as a source of income,...
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The Pacific Reporter, Volume 170

1918 - 1210 pages
...in particulars not material here. Section 568 of the General Statutes of 1915 reads as follows: "Any bank may purchase, hold and convey real estate for...convenient transaction of its business, including its furniture and fixtures, but which shall not exceed one-third of the paid-in capital ; second, such...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 19

1884 - 660 pages
...shall be lawful for the corporation to purchase, lease, hold and convey real estate as follows: "1. Such as shall be necessary for the convenient transaction of its business and that of its members and dealers. 2. Such as shall be mortgaged to it in good faith by way of security...
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Public Acts and Joint and Concurrent Resolutions of the Legislature of the ...

Michigan - 1891 - 486 pages
...any such corporation to lease, purchase, '"'' hold and convey real estate as its corporate property for the following purposes, but no other: First, Such as shall be necessary for the convenient trans- For business action of its business, including with its business office nurp0*esother apartments...
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Annual Report of the Commissioner of the Banking Department of the ..., Volume 2

Michigan. Banking Division - 1891 - 178 pages
...security of existing creditors of the bank will not be impaired by the proposed reduction. SEC. 11. A bank may purchase, hold and convey real estate for the following purposes, but no other: Bank may reduce' capital. when such action valid. purposes for 144 apartments to rent as a source of...
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Documents Accompanying the Journal of the House, Part 1

Michigan. Legislature - 1891 - 1144 pages
...security of existing creditors of the bank will not be impaired by the proposed reduction. SEC. 11. A bank may purchase, hold and convey real estate for the following purposes, but no other: Firsf, Such as shall be necessary for the convenient transaction of its business, including with it«...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 312 pages
...creditors of the bank will not be impaired by the proposed reduction. SEC. 11. A bank may purchass, hold and convey real estate for the following purposes,...no other: First, Such as shall be necessary for the convenieat transacbank maT Increase or mine? capital. When nu-h action та! Id. Purposes for which...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...proposed reduction. SEC. 11. A bank may purchase, hold and convey real estate for the following purposee, but no other: First, Such as shall be necessary for the convenient transaction of its businese, including with its banking office, other THE STATE OF MICHIGAN. apartments to rent as a source...
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