The National-bank Act, as Amended: With Other Laws Relating to National BanksU.S. Government Printing Office, 1911 - 174 pages |
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Common terms and phrases
26 Stat 31 Stat Act Feb Act July 12 Act June 30 Act Mar Act March Act May 30 Act Oct act of June additional circulation agent amended amount appointed assets asso authorized capital stock centum CERTIFYING CHECKS change its location ciation circulating notes company or association Comptroller corporation court debts deemed depositaries directors District of Columbia dividends duties election February 28 following Revised Statutes fund gold certificates gold coin hereby insurance company January 14 joint stock company lawful money legal tender liabilities location and name March 14 national banking association national currency association national-bank notes organization certificate organized outstanding paid pany payment Penalty person prescribed public money received redeemed redemption rency Secretary section fifty-one hundred section fifty-two hundred shareholders stockholders subchapter Taxation thereof thousand dollars tion Title transfer Treasury notes trict of Colum troller trustees United States bonds United States notes
Popular passages
Page 24 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Page 59 - That no association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 63 - ... issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree ; or who makes any false entry in any book, report, or statement of the association, with intent, 77 in either case, to injure or defraud the association...
Page 122 - ... 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 65 - July, a tax of one-fourth of one per centum each half year upon the average amount of such of its notes in circulation...
Page 58 - 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 59 - 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 67 - State, subject only to the two restrictions, that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State, and that the shares of any national banking association owned by non-residents of any State shall be taxed in the city or town where the bank is located, and not elsewhere.
Page 120 - All the stockholders of every company incorporated under this act, shall be severally, individually liable to the creditors of the company in which they are stockholders, to an amount equal to the amount of stock held by them respectively for all debts and contracts made by such company, until the whole amount of capital stock fixed and limited by such company shall have been paid in...
Page 14 - Such persons 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.