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" A bank may purchase, hold and convey real estate for the following purposes, but no other: First, Such as shall be necessary for the convenient transaction of its business, including with its banking office, other apartments to rent as a source of income,... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lxx
by Michigan. Banking Division - 1920
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The Law of Foreign Corporations and Taxation of Corporations Both Foreign ...

Joseph Henry Beale - 1904 - 1208 pages
...United States prescribes the purposes for which a national bank may hold real estate — "A national bank may purchase, hold and convey real estate for the following purposes and for no others." It was assumed that the transaction was included within none of the prescribed...
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The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 836 pages
...personal or real security, as provided hereinafter." For what purposes real estate may be held.— "A bank may purchase, hold and convey real estate for the following purposes only: First. Such as shall be necessary for the convenient transaction of its business, including with...
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Revisal of 1905 of North Carolina: Prepared Under Chapter Three ..., Volume 1

North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 pages
...exceeding the legal rate. 2. To purchase, hold and convey real estate for the following purposes : ' 1st. Such as shall be necessary for the convenient transaction of its business, including with its banking offices other apartments to rent as a source of income, which investment shall not exceed twentyfive...
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General Laws of the State of Idaho ...

Idaho - 1905 - 470 pages
...purchase, hold and convey real estate for the following purposes and no other: 1. Such real estate as shall be necessary for the convenient transaction of its business, including with its banking offices other premises in the same building to rent as a source of income, but which shall not exceed...
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Revisal of 1908 of North Carolina: Being the Public and General ..., Volume 1

North Carolina - 1908 - 1482 pages
...exceeding the legal rate. 2. To purchase, hold and convey real estate for the following purposes : 1st. Such as shall be necessary for the convenient transaction of its business, including with its banking offices other apartments to rent as a source of income, which investment shall not exceed twenty-five...
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Annual Report of the Bank Commissioner of the State of Oklahoma

1908 - 314 pages
...the same penalty provided for persons transacting a banking business without authority Section 37. A bank may purchase, hold, and convey real estate for the following purposes : First, such as shall be necessary for the convex lent transaction of its business, including its...
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Digest of State Banking Statutes

Samuel Alfred Welldon - 1910 - 768 pages
...(6117). VI. — INVESTMENTS. A bank may hold real estate only for the following purposes : Such as is necessary for the convenient transaction of its business, including with its banking office other rented apartments, but this investment must not exceed 50 per cent of paid-in capital; such as is conveyed...
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United States Congressional Serial Set

Samuel Alfred Welldon - 1910 - 778 pages
...personal security" (1899, chap. 173, 6). VI. — INVESTMENTS. Every bank may hold such real estate as is necessary for the convenient transaction of its business, including with its banking offices other apartments that may be rented (but this investment must not exceed 25 per cent of capital...
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Enabling Act and Constitution and the Laws Passed by the Session of the ...

South Dakota - 1911 - 652 pages
...for any such corporation to lease, purchase, hold and convey real estate as its corporate property for the following purposes, but no other : First....convenient transaction of its business, including with its business office other apartments in the same building to rent as a spurce of income ; but which shall...
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1911 - 648 pages
...for any such corporation to lease, purchase, hold and convey real estate as its corporate property for the following purposes, but no other : First....convenient transaction of its business, including with its business office other apartments in the same building to rent as a source of income; but which shall...
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