New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-04-12

Acr ,.nsoy Of h. To the Of BAnI
ns" passed kpra Is lss All The amending the an-
SECTION l. Ths stocks hch banning associations or
individual bankers hereafter 10 be organized
under the provisions Of the act To suthoriZe the bust
ness of Banking passed April - ISIS and the amend
msnts thereto, shall hereafter deposi: With the Cou-
troller shall be NswYOrk state Stocks in all cases TO
be TO be made equal TO stock producing six per cent
per anunm at least onehsf the amount so deposs
shall BE- In the stocks of the State OF NevYOrk as be-
fore mentioned and not exceeding one ha stocks OF
the United States In all TO D. or 10 Do made 10 be
equal stock producing Interest of ak per cent per
snnum and IL shall 70, 90 lawful for the Controller 10
take such stocks a. rate above their par value, or
above their current market value
SEC. :. The Shareholders or majority OF them In
who shall be owners OF any Incorporated bsnk
continuing the business Of banking until the expiration
Of their charter and who shall have associated them
selves for the purpose OF banking under the provisions
Of the u authorize the business of banking passed
April Is s.ls and the amendments thereto shall be
entitled 10 receive from the Controller who Is hereby
authorized % issue the association formed circu
atng In amounts OF not less than $1,000 upon
the deposit Of securities OF the snd required by the pro
vision. of the shove mentioned act snd the amend
merits thereto 70 tho amount equal 10 the circulating
notes Issued. But If such banking association so
formed shall DO, have deposited with the Controller
during the three years next following the date OF ths
articles of association amount equal 10 that now re-
quired by law Of banking associations security for
circulating notes previous 10 commencing the busl-
ness Of banking the Controller IL hereby empowered
retain the interest sccruing upon securities so de-
provisions OF the act above reced in relation 10 the
amount Of security 10 be- deposited In the Office OF the
Controller
SEC 3. II the shareholders or majority Of them In
amount in any incorporated bank. within year oi
tho expiration Of its Charter shall file with the rres
deaf thereof notice In writing that they intend TO
avail themselves Of the provisions OF the second
ton of this TO associate for the purpose of banking
/, shall be lawful for the directors of said bsns to pur
chase and hold such stock and other securities as q
Controller Is may be authorized TO receive for crcu
lsng notes under the provisions Of the act to author
ize the bu.lness Of banking psssed April s ls5, and
the various acts amending tbs to such amount
they shall deem for the Interest Of the shareholders
thereof.
SEC L. An Association thus formed to take the place
OF incorporated Bank whose charter has expired or
10 about xpirng may where all the stockholders OF
such incorporated Bank have assented 20 s orgsniza
ton under the authorize the business OF Banking
take and hold n addition to such real estate as 10 pre-
scrbed by the 9th section OF the act to authorize the
business Of Banking such other real estate rs at the
time Of the transfer Of the property Of the Incorporated
Bank 10 such Association may bs held by this said
incorporated Bank; having been received by II In
payments OF debts previously contracted 10 said Bank
purchased by under judgments or DEGREES In Chan
Gerry in favor Of "a Incorporated Bank according 10