Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1858-05-06
such notes to be used in its ordinary
banking operation.


banking operation.
s 34 No branch shall, during the time
it shall continue its operation as a branch,
withdraw or permit to be Withdrawn, eitL-
er in form of dividends or loans to stock
holders, for longer period of time than
four months, or in any other manner, any
portion of its capital stock and if losses
shall at any time have been sustained by
any branch, equal to, or, excce ling its
undivided profits then on hanl. no divi-
den Is shall be made, and no dividend,
shall ever be made by any branch while
it shall continue its banking operations to
an amount greater than lis nett profits
then on hand, deductng therefrom its
losses and bad and suspended debts ; and
all debts due and unpaid for period of
six months, unless the same shall be well
secured, and shall be in the process Of
collection, shall be considered bad or
suspended debts, within the meaning of
this section.
s 50. The directors of each branch
shall semi-annually on the first Monday
in May and November, declare dividend
of so much of the nett profits of the
branch as they shall Judge expedient, and
as shall be approved BY the Stale Bank
and on each dividend day the cashier
shall make a full, clear, and accurate
statement of the condition of the branch
as it shall be on that day, after declaring
the dividend, which shall be verified by
the oath of the Cashier, President, and
two Of the Directors and similar state
ments verified in like manner, shall also
be made on the first Monday in each
month in each year, which statement
shall contain
lst. The amount of the capital stock
actually paid in, and then remaining rs
the capital stock of the branch.
2l. The amount of the bills or notes Of
the branch then in circulation, specifying
the amount of each denomination.
Sd. The greatest amount in circulation
at any time since the making Of the last
previous statement, as shall have been ey-
hibited by the weekly statements of tho
Cashier, specifying the time when tie
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.
5th. The amount due to depostors.
9th. The total amount of debts and IL
abilities of every description. and the
greatest amount since the making of the
last previous statement, specifying tho
time when the same occurred, as .hibi-
ted by the weekly statement of the branch.
7th. The total amount of dividends
declared on the day of making the state
ment.
9th. The amount of gold and silvor
coin and bullion belonging to such branch
and in its possession at the time of max
ing the statement, designating the heamount
in each.
9th. The amount subject to be drawn
at sight, then remaining on deposit with
solvent banks, or bankers 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, ana tho
amount issued by Banks not of this State.
llth. The amount of balances duo
from branches OF the State Bank of Iowa,
tie 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 9TH
er cities and towns subject to sight drafts
12th. The amount on hand of bills,
bonds, notes, and other evidences of
debls, discounted or purchased by tho
branch, specifying particularly the a
mount Of suspended debts, the amount
considered good, the amount considered
doubtful, and the amount in suit or judy
mant.
l3;h. The value of real and personal
property held for the convenience of the
branch, specifying the amount Of each.
ll,h. The amount oi real estate taken
in payment of debts due the branch.
18th. The amount Of undivided profits
Of the branch.
lGth. The total amount of the labi,i
ties to the branch By the directors there
op NC4'SSNttciN SPCNlA ai5 ilAS SiooS
amount Of such Liabilities as principal
debtors, an1 the gross amount as enior-
sers or surcties.
l7th. The total amount OF liabilities 10
the branch Of the stockholders thereof
collectively specifying the gross amount
ofsuch liabiIlies rs principal debtors, ani
the gross amount as endorsers or surelieS
which statement shall be forthwith trans
mtted to the State Bank OF Iowa, aud tho
Auditor of State.
An abstract of every statement, show
ing the condition of the branch, shall b.
Immediately published by the branch in
some newspaper printed in the county
where such branch is situated, a copy OF
which statement shall be sent to each
branch of the State Bank Of Iowa.
$50. The General Assembly shall new
er impose any greater tax upon property
employed in banking under this act. than
is or may be imposed upon the property
of individuals.
5 81. Each branch may take, receive
or charge on any loan or discount made,
or upon any note or bill of exchange, or