Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Common terms and phrases
00 Gold coin 00 Other real 00 Silver coin banks and bankers Bonds sold subject Capital stock paid cash items Cashier's checks certificates of deposit Certified checks checks on banks clearing house Club savings deposits Com'l commercial certificates Commercial deposits subject Demand certificates deposits book accounts dept Dividends unpaid Due from banks Due from Fed Due to Federal earnings Banking house exceeding earnings Banking Exch executed for customers Federal Reserve Bank Furniture and fixtures house & checks Items in transit June 29 legal res letters of credit Loans and discounts moneys on deposit mtgs Nickels and cents Notes and bills Overdrafts Postal savings deposits Premium account Report of Aug Report of Dec Report of June Report of Mar reserve cities Reserved for taxes Savings certificates Savings deposits book Stock of Federal subject to check subject to repurchase taxes pd U. S. cert U. S. Government deposits U.S. Bds
Popular passages
Page lxxii - A person placing his signature upon an instrument otherwise than as maker, drawer or acceptor, is deemed to be an indorser, unless he clearly indicates by appropriate words his intention to be bound in some other capacity.
Page lxxii - An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Page lxxxvii - 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 lxviii - 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 xl - ... with the concurrence of the Attorney General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Page lxi - Sixth. To prescribe by its board of directors, by-laws not inconsistent with law, regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed. Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions...
Page lxxx - 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, but which sliall not exceed fifty per cent of its paid in...
Page lxxii - primarily" liable on an instrument is the person who by the terms of the instrument is absolutely required to pay the same. All other parties are "secondarily
Page lxxxv - ... and may be paid to either during the lifetime of both or to the survivor after the death of one of them...
Page lxxvii - The assent of two-thirds of the members elected to each house of the Legislature shall be requisite to every bill appropriating the public money or property for local or private purposes.