 | Horace White - 1911 - 576 pages
...stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
 | Alfred Owen Crozier - 1912 - 434 pages
...paid-in capital and the shareholders shall have received dividends not exceeding 5 per centum, all excess earnings shall be paid to the United States as a franchise tax. Right here the game of Euchre begins, the Government getting plenty of experience, but the banks taking... | |
 | Frank Albert Fetter - 1912 - 402 pages
...provided for and the five per cent. dividend has been paid to shareholders, onehalf of the additional earnings shall be paid to the United States as a franchise tax. Whenever and so long as the surplus fund of the National Reserve Association amounts to 20 per cent.... | |
 | Frank Albert Fetter - 1912 - 402 pages
...provided for and the five per cent. dividend has been paid to shareholders, onehalf of the additional earnings shall be paid to the United States as a franchise tax. Whenever and so long as the surplus fund of the National Reserve Association amounts to 20 per cent.... | |
 | Clarence Walker Barron - 1914 - 232 pages
...stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
 | Virginius Gilmore Iden - 1914 - 138 pages
...stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
 | Curtis Hillyer - 1914 - 1628 pages
...shall be cumulative. Franchise Tax. — After the aforesaid dividend claims have been fully met, all legislature, and the right of the legislature to confer powers upon th except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
 | John Thom Holdsworth - 1914 - 464 pages
...stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax. except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
 | Alonzo Barton Hepburn - 1915 - 580 pages
...stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
 | Alonzo Barton Hepburn - 1915 - 582 pages
...stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to... | |
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After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid... 
