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" ... shall be declared and credited in excess of the interest or profits earned and appearing to the credit of the corporation, the trustees voting for such dividend shall be jointly and severally liable to the corporation for the amount of such excess... "
Manual ...: Original Charter, the Banking Law Relating to Savings Banks, By ... - Page 102
1888
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Votes and Proceedings

New York (State). Legislature. Senate - 1875 - 1178 pages
...of trustees, duly entered upon their minutes, whereon shall be recorded the ayes and nays upon such vote, and whenever any interest or dividends shall...declared and credited. And it shall be the duty of the trustees of any such corporation, whose surplus amounts to ten per cent of its deposits at least...
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Journal of the Assembly of the State of New York, Volume 2

New York (State). Legislature. Assembly - 1875 - 1090 pages
...of trustees, duly entered upon their minutes, whereon shall be recorded the ayes and nays upon such vote, and whenever any interest or dividends shall...declared and credited. And it shall be the duty of the trustees of any such corporation, whose surplus amounts to ten per cent of its deposits at least...
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Laws of the State of New York

New York (State) - 1875 - 966 pages
...in excess of the interest or profits earned and appearing to the credit of the corporation, Personal the trustees voting for such dividend shall be jointly and severally liable tru3teta.0f t° the corporation for the amount of such excess so declared and credited. And it shall...
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Votes and Proceedings

New York (State). Legislature. Senate - 1877 - 1120 pages
...period, or than the third day of any month, or withdrawn on one of the last three days of the month may have interest declared upon them for the whole...declared and credited. And it shall be the duty of the trustees of any such corporation whose surplus amounts to fifteen per cent of its deposits, at...
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Laws of the State of New York, Volume 1

New York (State) - 1877 - 666 pages
...entered est, pay*-1" upon their minutes, whereon shall be recorded the ayes and nays upon ment ofeach vote, and whenever any interest or dividends shall...declared and credited. And it shall be the duty of Division of the trustees of any such corporation whose surplus amounts to fifteen 8urPIU8> per cent...
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Howard's Practice Reports in the Supreme Court and Court of ..., Volume 57

Nathan Howard (Jr.), Rowland M. Stover - 1879 - 668 pages
...declared and credited in excess of the interest or profits earned and appearing to the credit of such corporation, the trustees voting for such dividend...corporation for the amount of such excess so declared or credited." The words " interest " and " dividends " are used in this act, as equivalent expressions....
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The Federal Reporter, Volume 203

1913 - 1050 pages
...concurring in the judgment of such value, in case of fraud in the overvaluation of such property, shall be jointly and severally liable to the corporation for the amount of the difference between the actual value of any proprety so accepted in payment at the time of such...
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Statutes at Large of the State of New York: Comprising the ..., Volume 10

New York (State) - 1882 - 1190 pages
...declared and except by credited in excess of the interest or profits earned and appearing to trusteesthe credit of the corporation, the trustees voting for...declared and credited. And it shall be the duty of Trustees the trustees of any such corporation whose surplus amounts to fifteen dividends per cent of...
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Statutes at Large of the State of New York: Comprising the ..., Volume 10

New York (State) - 1882 - 1278 pages
...the credit of J-JJ the corporation, the trustees voting for such dividend shall be jointly dividends and severally liable to the corporation for the amount of such excess of proms. so declared and credited. And it shall be the duty of the trustees of any such corporation...
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Laws of the State of New York, Volume 107

New York (State) - 1884 - 816 pages
...made not later than the maybeaitenth day of the month, commencing any semi-annual interest period, owe or than the third day of any month, or withdrawn on...declared and credited. And it shall be the duty of the trustees of any such corporation, whose surplus amounts to fifteen per centum of its ^H deposits,...
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