Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-03-31
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1 II 5 ROaFd ss Uirset0fs,
|. ] "a zae aaia hraneh hold
! lmg sEsssh gH8 &c from loss, and ii /
4 hsTnhg sass dnty of the RoaEd d
IS xassasslza "a branch te ofek an
reaa asssIs ~ asEed for sals 81 Ieas
1 anea il ~ hrat gIyiag TART
/ a.aya asal pes Tspapss pnblIshei
. in eaaa A8slss pfe sach real estate i
5 atlas - aad place oF ave-
sale, If llaper be pshlishsd ii
: auah ea u not, then In som
! new ~ ths nearest thereto
. ard III ssas ~ tha axmount bid foi
snoh sea s. Aoisnt b geimbussl
] sha go r. anoans for which
. saeh seai sz s taken hy The branch,
J I wish naaaask M Hpsss, then 1t shall bs
/ the DTS ~ M baEd Of DiFsstors oi
such hemass 81 aud eonFey such re-
/ Al essaEss bns ptherwise, unless il
4 ahnsF IHl@maazi pc deemed nseessaFy
gnr rha inSaxaf NAid branch to Dc 30.
h0 snail At any tims Ia
sus op haea y u bon any noso, draft,
AL 81 6speanee, esrtiaenss
"a asposiis, 81 ether svidanes Of debt,
wbieh, from ita character Or appearance,
shall be raleolassd or Intended TO eiFcn.
late as m0aey. other than such notes of
. circulation Is sra by this act described
/ and which such Bank 10 by shia act au-
thorixed 70 iaaas far the purpose Of be-
ing circulated as moneg. M
.E Z 80. Each branch shall receive at per
&c The ofaee og tha banking house Of such
branch in payment Of debts due at such
branches FOR noEes oi hand, bills OF ex-
change, or other svidsuee Of debt, dis
counted or purchased By, or belonging
10 such branch, The aoseA Of circulation
i issued By any other branch Of the State
Bank OF Iowa.
/ 83I. Zach branch shall at all simss,
have on hand in gold and silver coin in
ils yaaIt, an amount sqnal TO at least
twenty Ave per cent. af the amount Of its
outstanding notes OF circulation /; and
! wheneyaF tie amount of It's outstanding
notes Of circulation shall exceed the a.
bore named proportion, no more of lts
/ notes shall be paid ont, OF otherwise pat
( in circulation by such branch, or shall
such branch increase its liabilities by
I making any neR loans OF discounts, other
than disCouating or purchasing bills Of
I exchange, payable at siEhs, nor make any
digidsna Of It's profits, khfii ther aired
/ portion between its outstanding notea Of
circulation and gold and silver coin on
hand shall be restored.
/ 5 80. Each branch oE the State bank
shal u bs required to keep in its vaults O.
yer and above the Rmoant required to be
kept for the protection and redemption
! of "a sigculsEioa as required In ths lass
I preceding section, st least twenty-five
: per ceat of its earFeng deposits, and shal!
be prohibited from pagiRg interest on
current deposits,
/ 80. No branch authorised under Ibis
act shall at any time ba indebted or in
, any way liable TO an amount exceeding
two-t thirds Of it's capital stock at saah
sjm5 actually paid in, aud remaining as
capital stock undlmlnishad By losses or
otherwise except on the following ae-
eounts-that is to say
lst. On account OF It'd notes of csroa-
lation.
2nd, On account Of naneys deposited
with or collected By such branch.
3sd, 0n account of bilIs u exchange
or drafts drawn against moRey actually
ON deposit to ths credit Of OF due TO such
branch. ...-
4th. Liabilities to its stock holders on
account Of money paiL in en- capital stock
dividends thereon, aad undivided pref
its.
Nog shall am branch, either directly
or Indirectly, pledge, hyPotheOata, OF ex-
change any Of its notes Of circulation for
the purpose of procuring money TO be
paid Ia on its capital stock, nor pledge
Or hypotheease digaGsly or indirectly any
Of suea notes to bs used in its ordinary
banking operation,
/ ) 50. No branch shall, during the tims
il shall eautiuusits operation as branch
withdraw or permit 20 be withdrawn, Ell
theF IN form Ut dividends OF loans TO
/ stockholders, for longer period Of time
than four months or ia &ny other manner
any portion of its capital stock; and Il
ldsses SHALL at any time have besn sus~
! tanned by sny branch, equal to or exceed
; ing is undivided profits then on hand,
no dividends shall be made, and no div
idends shall gYeT, be made By any branch
while ii shall continue its banking opa-
Fati0ns 20 al amount greater than j Is nett
profits thea on hand, dedaoting there
from ita losses and bad aad suspended
/ debts; aud all dahss das Aad anpaid for
/ q period of six months, unless the came
shall be we'll sscaxed, and shall be In
the process Of collsreiou, shall be con-
dared bad and saspandsd debts, withiu
the meaning OF this section.
/ s 35. The direeters Of cash brane b
shall semi-anuuAliy on the arst Monday
! in May and N9ve1nber, declare dividend
Of 50 much OF the nett pro f2ts Of the
branch as they shall Judge expedient
and ns shall BE- approved by the State
| Bank; and on each dividend day the cash
/ Ter shall make full clear and accurate
I statement az khs condition Of ths branch
as ID shall be Ga that day. after declaring
q dividend, which shall be verified by the
oath Of the Cashier, President, and two
Of che Directors; and similar statements
/ verified in like manner, shall also be
! made on The Grgt Monday In each month
IN each year, which statement shall con-
tain: aa
+ Ise. The amount Of the capital stock
actually paid in, and then remaining as
the capital stock Of the branch.
2nd.' The alnouns of tbs bills or notes
Of the branch then ia circulation, spsci-
flying the amount of cash denomination.
Ord. The greatest amount in ciFeuia-
tion ali any time since the making Of the
lass statement. as shall have bsan sxhib-
tied by The weekly statements Of tha
Cashier, specifying the time wApn the
same occurred. sa
4 4th, The axnouatn Of debts og every Kind
due 90 the branches Of the Stase Bank Of
Iowa. the amount daa VI other Banks og
the Ssasa, and she amouns aae te Bank
act on this State.
Il Sta. The Amount due 10 aeposisors.
9th. The total aInosns Of debts and II,
|. abilities a sysry dasFiptiens and -
gxsAssst asnoans since the AaAlyag af th.
lass previous stasemens, specifying thi
time when chs same aeearSsd, as axhih'
/ | ited by the weekly statsznent og en-
. hsAaeh.
Tth. The total ausuns u agyidsnas do
elarsd an the day og makiag the state
!, mgnh.
sth. ne amount Of gold sad sslvel
coin and buliiSa halonging W sue
, branch, sud Ia IS poasaaasan 81 ne simi
I Of making tha geesaaasnss Designating la
9th. Tha asn@nns esaEgses b as draw
xt sighas tEsn ~ 81 aep8sit wisl
I soivs Bsnks, VIZ Rasksss eE akn sama