Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-03-31

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hearts of sill within the hearing Of les
sound 0aaAG Tsmss. e
~ \ AN ACT f.
70 Hmemgp0Raas aae STAKE Ramk
81 x0xva4
l2sh. The anounk % hand Of billss
bonds, noess, and ether evidences of
dsbEs, discounted OF purchased by ths
branch, specifying particularly the a.
mount Of suspended debEs, she amount
considered good, the amount considered
doubtful, and the amount in suis or
judgement.
18th. The valas OF real and personal
property held for the eonvspisnss at the
branch, specifying the amount Of each.
l4Eh. the amount Of real estate taksn
In payment Of dsbaa das the branch
18th. The amount Of undivided profits
Of the branch. .f.
18Th. The total amount Of the liabili-
ties 20 lhe branch By the Directors there
Of, collectively, specifying the gross a.
mount of such Liabilities as principal
debtors, and the gross amount as en-
dorssrs or sRrsties,
17sh. The total amt of Liabilities 70
the branch Of che stockholders thereof
collectively specifying the gross amount
oR such liabilities as principal dess1rs,
and the gross amount as ea3nrssEs or
auretias; whieh statement shall be forth
with transmitted to the State Bank Of
Iowa, and the auditor Of State.
An abstract Of every statement, show
ing the condition Of the branch, shall be
Immediately published by the branch in
8 newspaper printed in the county where
such bFAaeh Is situated, copy Of which
statement shall be sent TO each branch
Of the State Bank Of Iowa.
s 50. The General Assembly shall never
impose any greater Tax upon she proper
81 employed IN banking under this act,
than ia or may be imposed upon The
property af individuals.
537. Each branch may take receive,
or charge on any loan, or discount made
or upon any note or bill Ut exchange, or
other evidence Of dsbt, discounted or
purchased By them, interest At the rate
Of ten per esntum per AMMAN On she a.
mount Of any sueh note, bill Of exchange
or other evidence of debt SO discounted
or purchased and no more, until ths list
day Of January, 1868, after which tame
no more than s per cent, shall be so ia
ken reeeiysi OF charged. Provided, how
ever, THAI the interest may be reserved
or taken IA advance aG the time Of ma
king lhs loan or discount, according to
the usual rates Of banking, or - ealeu-
lated in Rowlet's tables; and the know
ingly taking, receiving or charging on
any debt or demand discounted or puF-
chased By any branch, rate OF interest
greater than chat allowed by Ghis section,
| shall be held adiadged forfeiture of
such dsbE or demand, bat the purchase
Of benA 6ds bill Of exchange or note
payable at another place than the place
OF such purchase Of discount, and the ia
king or ressryiRg interest thereon Rt the
rate aforesaid, from tbs slime Of such
purchase OF discount, until ths maturity
Of sneh bill OF note, shall not be held
usurioua, although exchange on cha place
where it is made payable is aa the time
Of such purchase or discount, worth
pTemIam; nor shall ths discount or par-
chase Of q bona 6de bill OF note, paya~
bic as place, between which and Che
place of discount or purchase, there may
be u difference in exchange, aud she ia
king In addition 50 ths rate Of interest
aforesaid, the rate Of exchange between
such places, be deemed asariuas: Pre-
vided, thst no loan to, or dlsO0uns in ia
sor Of any Director or stakeholder Ia
which more than such interest as allow
ed in this section shall be taken, rszerv-
ed, or charged shall be forfeited, but the
same shall be valid against such party:
Provided further, that in no case shall
more tkan the earrent Fass Of exchange
between sash places, be taken.
s. The TEAL liabilities Of any par
500 OF any company or arm including
the liabilities Of company or hFsn.
tbs Liabilities Of the several members
thereof. j TO any branch as acceptor or
seeepsors Of bona ode bills Of exchange
payable out Of this State, shall al AZ
time exceed one. fourth Of the smoant of
notes which such braaeh Il authorised
to oircalasa, AXIS usivsIy az liabilities 50
secspt0s or acesptoFs, one-teBtA, md az
elusive u eli liabilities Oh saah bills Of
exchange Oss-twentissh part oE The aan's
Of saeh notes.
No brzaeh SHALL at any TINS pay cut
on loaus OF discounts, or in purchasing
drafts or bills Of exchange, or in pay-
meas Of depositors, nor shall II ia any
mode pus 10 circulation tbe notes of any
Banks oT banking company which notes
ahail Hot OF that time Be Eeesaxabla at
par in the payment Of debts b the
branches 30 paying cut or eiFaal&ting |
suah notes, nor shall 10 knowingly pay
out or pas In eircaIatioH any notes lssasd /
By any Banks OF banking company whieh |
at the time Of such paying oar orpusfang
in Oirehlasion ID not redseming lie nosea /
in gold and silver.
All notss, bills, and othsr ssidencss
Of debt, excepting bills Of exchange dis t
counted BIZ any branch, shall be made
BIZ the terms thereof. sr 81 special en-
doTsemeat, payahla solely 70 sach eyi.
dsnos VI dsht shall BE- assignabls except
Tor collssaoa, Or for the following pur-
poses
let. re pay and redeem the circulating
notes og such branch.
Pad. To pay oshes Liabilities Of such
branch and altar such liabilities shall
bare been discharged.
3D.. lie dayida smOng ths Stockholders
Co thaag steak.
No branch shall issuo any sae&iAoAtai
Of Aspasss, osdars draft, bsll 1T axshmngal,
or eshhs syidenoe of DEBT, pasabIs mi
currency OF In snyshing Lees y&luMhls
shaas gsid and silvss uasss exeeps Eeueipsa
Tor special dsposisss nps ahaII sny ssieh
bfaaeh keep any accounts u eastsncy oF
IN anyIhfnK less valuable saaan gold oF
silysE eoins sxsaps Aeacumss d spseiai
dsposigs.
40 hFaash SHALL be psrsnisssas In ".
esisaas pAysasmt as tAa hmakIng h6naa, ].
Or oshsF places. than whesa ssbs shzas vas
pagahla, ~ aay ngse, bill II osheg ssi-
sesa9s ~ asbag enc B0 saah bFaapa, and
pagAbls III place otlsx taaAa il aagksx
hoasas y fssszvs u addssf0n . - =
aaoana y saah dess sd sAs legal EatsF.