The National-Bank Act and Other Laws Relating to National Banks, from the Revised Statutes of the United States, with Amendments and Additional Acts
U.S. Government Printing Office, 1889 - 114 pages
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act of Feb act of June agent amended amount of circulating appointed Approved February Approved March articles of association asso associations organized authorized bank checks bills of exchange bonds deposited cancellation capital stock centum certificates of deposit certify checks change its location change its name ciation circulating notes closed bank Comptroller corporation coupon bonds court creditors Currency debts deemed deposit of lawful directors district dividend duties eighteen hundred exceed February 19 gold banks hereby hundred thousand dollars issued June 23 jurisdiction lawful-money reserve liabilities loan location and name national banking association national-bank act national-bank notes oath organization certificate paid payment penalty person plates prescribed president or cashier protest receiver redemption repealed Revised Statutes seal Secretary section fifty-two hundred section five thousand sections fifty-one hundred shareholders shares stamp thereof tion Title transfer Treasury troller United States bonds United States notes withdrawal
Page 9 - 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 banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 29 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 14 - ... 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 13 - 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...
Page 8 - They shall enter into articles of association, which shall specify in general terms .the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 39 - Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to such association, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, sell all the real and personal property of such association, on such terms as the court shall direct...
Page 9 - Sixth. To prescribe, by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed.
Page 79 - That all national banking associations established under the laws of the United States shall, for the purposes of all actions by or against them, real, personal, or mixed, and all suits in equity, be deemed citizens of the States in which they are respectively located...
Page 55 - An act to provide a national currency, secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof," approved June third, eighteen hundred and sixtyfour.