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" Whenever any association fails either to make the selection or to redeem its notes as aforesaid, the Comptroller of the Currency may, upon receiving satisfactory evidence thereof, appoint a receiver in the manner provided for in section fifty-two hundred... "
Pratt's Digest of the National Bank Act and Other Laws Relating to National ... - Page 42
by A.S. Pratt & Sons - 1886 - 226 pages
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The Bankers' Magazine, and Journal of the Money Market, Volume 39

1879 - 1110 pages
...stcnd. This redemption is accomplished and compelled by requiring, first, that each national bank shall redeem its circulating notes at its own counter, at par, in lawful money on demand ; second, that the notes of all closed banks shall be redeemed by the Treasurer ; third, that all worn,...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - 1863 - 1180 pages
...manner provided for in this act, to wind up its affairs : Provided, That nothing in this section shall relieve any association from its liability to redeem...its own counter, at par, in lawful money on demand. "Экс. 33. And be it further enacted, That the directors of any association may, semi-annually, each...
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The Merchants' Magazine and Commercial Review, Volume 51

1864 - 496 pages
...manner provided for in this act, to wind up its affairs : Provided, That nothing in this section shall relieve any association from its liability to redeem...its own counter at par, in lawful money, on demand. And provided, further, That every association formed or existing under the provisious of this act shall...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 pages
...certain cities. Associations failing to select banks of redemption to be closed. Every association to redeem its circulating notes at its own counter, at par, in lawful money, on demand. Also to take and receive at par, for any debt or liability, any and all notes or bills issued by any...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - 1869 - 680 pages
...manner provided for in this act, to wind up its affairs : Provided, That nothing in this section shall relieve any association from its liability to redeem...its own counter, at par, in lawful money, on demand: And provided further, That Association^ to every association formed or existing under the provisions...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 pages
...manner provided for in this act, to wind up its affairs : Provided, That nothing in this section shall relieve any association from its liability to redeem...its own counter, at par, in lawful money, on demand : And provided, further, That every association formed or existing under the provisions of this act...
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 208 pages
...redeem to wind up its affairs: Provided, That nothing in this sec*j e ' a r r own note8 tion shall relieve any association from its liability to redeem...circulating notes at its own counter, at par, in lawful and to receive money, on demand: And provided further, That every asothe°°nItionaT y sociation formed...
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 pages
...wind up its affairs: Provided, That nothing in this sectheir own notes ^• Qn g ] ia ]]. re lieve any association from its liability to redeem its circulating notes at its own counter, at par, in lawful and to receive money, on demand: And provided further, That every asotheTnatioLT 7 section formed or...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 300 pages
...5195.) Each association organized in any of the cities named in section fifty-one hundred and ninety-one may keep one-half of its lawful-money reserve in cash...its own counter, at par, in lawful money on demand. (SEC. 5196. ) Every national banking association formed or existing under this Title, shall take and...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 302 pages
...5195.) Each association organized in any of the cities named in section fifty-one hundred and ninety-one may keep one-half of its lawful-money reserve in cash...its own counter, at par, in lawful money on demand. (SEC. 5196.) Every national banking association formed or existing under this Title, shall take and...
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