The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-04-23

on hand, deducting therefrom its losses and
bad and suspended debts; and all debts due
and unpaid for . period OF six months, IN !.
less the same shall be woll secured, and shall
be in the process Of collection, shall be con.
sidercd bad or suspended debts, within the
meaning Of this section.
! 35. The directors Of each branch shalt
semi-anoually on the first Monday in May and
November. declare dividend of 80 much of the
nett profits of the branch AZ they shall Judge ex
pedient, and - shall be approved by the State
Bank; and on each dividend day the cashier
shall make full, clear and accurate statement
Of the condition Of the beanch - i, shall be on
that day. after declaring the dividend, which
shall he verified by the oath Of tho Cashier,
! President, and two Of the Directors; and stint
lar statement verified in like manner, shall
also be made on the first Monday in each month
| in each year, which statement shall contain:
| LIST. The amount ofthe capital stock actually
paid in, and then remaining as the capital stock
of the branch.
| End. The amount Of the bills or notes Of the
| branch then in circulation, specifying the
amount Of each denomination.
3rd. The greatest amount in circulation 81
any time since tho making Of the last previous
| statement, - shall have been exhibited by the
weekly statements ofthe Cashier, specifying
the time when the same occurred.
4th. The amount Of debts of every kind due
to the branches Of the State Bank Of Iowa, the
amount due to other Banks Of the State, and
the Amount due the Banks not Of this State.
| 9th The amount due TO depostors.
9th. The total amounts Of debts and liabili-
ties Of every description. and the greatest
amount since the making Of the last previous
/ fuss a, III. L..
occurred, - exhibited by the weekly statement
| 81 the branch.
Ith. The total amount Of dividends declared
on the day Of making the statement.
| Sth The amount Of gold and silver coin and
| bullion belonging 10 such branch, and In ito
possession At the time Of making the statement,
designating the amount Of each.
9th. The amount subject TO be drawn at
sight, then remaining on deposit with solvent
banks, or Blankets Of the country. specifying
each city or town, and the amount deposited in
each.
10th The amount then on hand, Of bills or
notes issued by branches Of the State Bank Of
Iowa, the amount issued by other Banks Of this
State, and the amount issued by Banks not Of
| this State.
18th The amount Of balances due from
branches Of the State Bank of Iowa, tlgs amount
due from other Banks Of this State, and the
amount due from the Banks not OF this State,
excluding in the latter case deposits in the cities
Of New York, Philadelphia, Boston. Baltimore,
and other cities and towns subject TO sight
/ drafts.
18th. The amount on hand of bills, bonds.
! notes, and other evidences Of debt, discounted
or purchased by the branch. specifying particu-
lsrly the amount Of suspended debts, the
amount considered good the amount con-
sidered doubtful and the amount in suit or
judgement.
18th. The value Of real and personal property
held for the convenience ofthe brsuch, specify
ing the amount Of each.
IA The amount Of real estate taken 10 pay
ment Of debts due the branch.
10Th. The amount Of undivided profits Of the
branch.
l6sh. The total amount Of the liabilities TO
the branch by the directors thereof, collective
ly, specifying the gross amount Of svch lisbili-
ties ~ principal debtors. and the gross amount
! ~ endorsers or sureties.
/ 18th. The total amount Of liabilities TO the
branch of the stockholders thereof coll sctiveiy,
specifying the gross amount Of such liabilities
as paincipal debtors, and the gross amount Is
endorsers or sureties; which statement shall be
forthwith transmitted to the State Bank Of Iowa,
and the Auditor Of State.
An abstract Of every statement, showing the
| condition Of the branch. shall be Immediately
! published by the branch in some newspaper
/ printed in the county where such branch IL
situated, copy of which statement shall be sent
TO each branch Of the State Bank Of Iowa.
| &c. The General Assembly shall never i'm
| pose any greater tax upon property employed
in banking under this act. than is or may be
imposed upon the property Of individuals.
! 81. Each branch may take, receive or
charge on any loan or discount made, or upon
any note or bill of exchaage, or other evidences
| ofdebt, discounted or purchased by them, in
! terest al the late Of ten per centum per annum
on the amount of any such note, bill Of ex-
change, or other evidences Of debt 30 discounts
I'd or purchased. and no more until the frat day
ofJa1Me9y, 1863 after which time no more
thAA SiGsksper cent shall be so taken, received
or char6Sd, provided, however that interest
be reserved OF taken in advance at the time Of
| l1aking tho loan or discount, according TO the
usual rates Of banking, or Is calculated in
Rowlet's tables, and the knowingly taking re-
serving MSherging on any debtor demand dis
| counted rchssed by any branch, . rate Of
! interest ger than that allowed BY this Sec
| ton, shall be held and sdjudged forfeiture OF
such debt or demand, but the purchase Of
he1A fde bin Of exchange or note payable .,
sot4H place than the place Of such purchase
or di16Dunt and the taking or rsserving interest
tu0fcOo ~ kuo Ehtc bAOToa4lu, from to0 lime OIL
4 saQh purchase or discount, until the maturity
Sfsuch bill or note. shall not be held usurious,
although exchange on the place where it is
Imade payable is IT the time Of such purchase
~ diseount, worth a premium; nor shall the
discount or purchase Of . bona hde bill or note,
payable Mt place, betweea which aud the place
Of discount or purchase, there may be differ
| ence in exchange, and the taking in addition to
the rate Of interest aforesaid. the rate Of ex-
| change between such places, be deemed usuri.
| Gus; Provided, that no loan To-, or discount in
favor Of any director or stakeholder 10 which
more than such interest As is allowed In this
| section shall be taken, reserved or charged,
shall be forfeited, but the same shall be valid
against such party; Provided, further, that in
| no case shall moro than the currenr rate Of sx-
change between snch places be taken.
| 4 38. The total liabilities Of any person or
Of arg company or hrm (including 10 the liabili-
| ties of company or firm. the liabilities Of the
| several members thereby TO any branch %
acceptor or sccsptors bona fids bills Of exchange
pays able out Of this State, shall at no time e.
coed onefonrth Of the amount Of the notes which
such branch Is authorized to circulate. exclu-
sive OF liabilities rs scceptor or acceptors, one
tenth, and exclusive Of vii liabilities on such
bills Of exchange one twentieth part Of the
amount Of such notes. No branch shall ct any
tine pay out on loans or discounts or in pur-
1