Annual Report of the Commissioner of the Banking Department of the State of Michigan
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00 Gross undivided 00 Other real 00 Silver coin 00 Surplus fund 00 Totals approved reserve agents bank notes outstanding bankers Notes banks and bankers banks in reserve bonds and mortgages bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Checks and cash clearing house Commercial deposits subject Dividends unpaid Due from approved Due from banks Due to banks Exchanges for clearing expenses and taxes Fractional paper currency Furniture and fixtures George Gross undivided earnings Individual deposits subject Interest paid John July 18 Legal tender notes Liabilities Loans and discounts MICHIGAN mortgages national bank notes Nickels and cents Notes and bills Organized Overdrafts real estate Report of Dec Report of July Report of Oct reserve cities Resources secure circulation secured and unsecured Specie subject to check taxes paid U. S. and national U. S. bonds U. S. treasurer United States deposits Vice President
Page 27 - No law shall embrace more than one object, which shall be expressed in its title...
Page 21 - ... on such terms as the court shall direct; and may, if necessary to pay the debts of such association, enforce the individual liability of the stockholders.
Page 21 - From time to time, after full provision has been first made for refunding to the United States any deficiency in redeeming the notes of such association, the Comptroller shall make a ratable dividend of the money so paid over to him by such receiver on all such claims as may have been proved to his satisfaction or adjudicated in a court of competent jurisdiction...
Page 21 - ... 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...
Page 20 - Whenever a vote is taken to go into liquidation it shall be the duty of the board of directors to cause notice of this fact to be certified, under the seal of the...
Page 6 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity.
Page 19 - The stockholders of every bank shall be individually liable, equally and ratably, and not one for another, for the benefit of the depositors in said bank to the amount of their stock at the par value thereof, in addition to the said stock...
Page 13 - ... shall not increase its liabilities by making any new loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight, nor make any dividend of its profits...
Page 20 - Copies of the organization certificate of any national banking association, duly certified by the Comptroller of the Currency and authenticated by his seal of office, shall be evidence in all courts and places within the jurisdiction of the United States of the existence of the association and of every matter which could be proved by the production of the original certificate.
Page 21 - ... paid over to him, shall make further dividends on all claims previously proved or adjudicated; and the remainder of the proceeds, if any, shall be paid over to the shareholders of such association, or their legal representatives, in proportion to the stock by them respectively held.