Smyrna times., 1863-05-21

! have been so proved or adjudicated in a court
of competent jurisdiction and from time to
| time, as the proceeds Of the assets Of such as
Socation shall be paid overt him, he shall
make further dividends, as aforesaid on all
claims previously proved or adiudicated: and
the remainder Of such proceeds. ifany, shall be
paid over to the shareholders Of such a,Socia-
ton, or their legal representatives in proper
ton TO the stock by them respectively held
| P'Ortt0t, h0rcrc', That If any such a,Socia-
! ton. against which proceedings have been 50
instituted ON account ofany alleged refusal to
redeem its ciIculatin" notes as aforesaid shall
! deny having filled to do 81, such asSo iaton
may at amy time within ten days after such as
aoclation shall have been notified Of the ap-
! pontmcnt of an agent as provided in this act,
apply to the nearest circuit, or district or ter
ritOrial court Of the United States, to enioin
further proceedings in the premises; and such
/ court, after citing the Comptroller Of the Cur
rcucy to show cause why further proceedings
should not be enjoincd, and after the decision
of the court or finding of Il jury that such a~Sn-
ton has not refused to redeem its circulating
notes. when legally presented, in the lawiul
money of the United States shall make an
order enjoning the Comptroller, and any re-
criver acting under his directions from all fur
| ther proceedings on account Of su:h alleged re-
fuSal.
Section 81. 1ad be 1t filfhr7 rancf,d. That
| the bonds transferred to the Treasurer of the
United States, as herenbeforc provided. hv
any banking association for the security Of its
circulating notes, shall be held exclusively for
that purpose, until such notes >Lall be redeem
ed, except as provided in this act bu; the Comp
troller OF the Currency may give t. any such
banking association powers OF attorney to re-
ceive and appropriate to itc own usc the intor-
est on tue bonds which shall have been 50 trans
feIrcd to the Treasurer by it; but such powers
shall become imperative whenever such bank
ing association shall fail to redeem its circula-
ting notes as aforesaid; and said ComptroIlcr
may direct the return of any of SAID bonds to
the banking association which tran n>fcrrcd the
same, upon the surrender to him and the can
collation. OF pruportionatc amount Of such cir
) cuIating notes: IpiorGil, That nincly per cen
tum of the current market value OF the remain
ing bonds which shall have been transferred hH
the banking aSsoclGt.On offering to surrender
such circulating notes shall be equal to the
amount of all the circulating notes rctiaincd by
such banking association Aad pIori{cd FIR
ttcr, That there shall have been no failure hy
such association t. redeem its circulating notes
and that there shall have been no other viola
ton by such association of any Of the pruyi-
sons of this act for the security OF the creditor,
of such association; nor shall the Treasurer be
I required to surrender such bonds Ia fractional
sums Of less lhan one thousand dollars: and IT,
at any time after said bonds shall be deposited
with the Treasurer of the United States a,
} aforesaid the market or cash value shall be re-
duccd, the Comptroller Ofthe Currency Is here
by authorized to demand and receive the
amount Of such depreciation in other United
i States bonds at cash value, or III money, from
the association Tecevng said bills, u be depo>-
tied with the Treasurer otthc United States, Il,
. long as such depreciation continues
Section 81. 1,td he 1t Ju,tjtcr etcct,d. That
{ whenever the price of any otthe bonds plcd4.d
: as aforesaid for tQl redemption Of the rirculat-
ing notes of any such banking association SHAH
> be. at the stock exchange in the city OF New
Ork, for four con >ecutve weeks, at il rate les
It than that at which they shall have been est
/ shall not have been made good ny deposit o
: other bonds or money, it shall be the duty q
. the Comptroller OF the Currency to notify in
;. Treasurer of the United States Of such fact
!. and the payment OF interest upon such dep
! cated bonds shall be suspended. and such IN
IS terest shall be retained by said Treasurer uni
.s the same, when added to the currcni mar1r
q value of the bond so pledged to be ascertain :,
Ii as before provided. shall he cJulllv to tn
Is amount for which such bonls we're plelgi
e Porii'd That it shall be the duty Of slt'
y Comptroller Of the Currency, at the expiration
= OF every period of three months to cdI~e th,
whole of the sums SD retained, and tn N r.
l. naming III the treasury Of the the | niia
~ States. to be invested in United Stated bonds
" in trust for the respective association by wii'l
. the bonds ON which such interest shall have ac
= cared shall have been pledged; and whcncvc
So the price Of such deprecated bonds at the StoG
~ exchange in New Yo'h shall rise to the priy,
Ia at which they Were pledged, and SO remain 10
k. for consecutive weeks, such investments sha
III bc assigned to such association, and ali accru
ing interests on such pledged bonds shall there
,t after be paid to such association on dcman
~ thereof.
ne Section 80. And Lc It fnthcr enacted, Tha
e. it shall be the duty Of the Comptroller of tn
T. Currency to receive wOrn-uut or lnutilated eli
te culatng notes issued by any such banking a.
es sOcaiOn, and to deliver in place thcrcofto sue
10 association other bank circulating notes 10 a
IS eQua. amount; and such worn-out mutilate
lie notes, after memorandum shall have been en-
p tered IN the proper books, in accordance Wit
cr such regulations as may be established by tn
ne Comptroller, as well az all circulating note
le which shall have been paid or surrendcr.l t.
be cancelled, shall be burned in ashes in pre-
at sence of three persons, one to be appointed b.
t. the Secretary of the Treasury one by the Ccmr
Is troer of the Currency, and one by the Trea
is surcr OF the United States, under such regula
W tious as the Secretary of the Treasury ma
m prescribe and i'll case such notes shall hav
#, been delivered to the Comptroller by an Office
r, or agent of such association then in the pre-
I'd sence, also, of such officer or agent; and col
n, th;ate of such burning, signed by the partie
to 50 appointed, shall he made in the books G
ut the Comptroller, and a duplicate thereof give
eli to such officer or agent
on Section 80. Atd be Il further enacted, Tha
o. it shall be unlawful for any officer acting unde
he the provisions of this act to ccuntersign or d,
ny liver to any such association. or to any othe
he company or person, any circulating notes cor
he templated by this act, except as hereinbcfor
nd provided, and in accordance with the true in
re tent and meaning of this act and any office
in who shall violate the provisions of this sectio
ee shall be'dcemed guilty of high misdemeanol
no and on conviction thereof shall be punished b
e. fine not exceeding double the amount so oour
#; tersigned and delivered, and Imprisonment nc
er exce .ng fifteen years, at the discretion of til
-e- court in which he shall be tried
m Section 81 And be It further enacted, Tha
ON all fees Tor nrntasiinn the nntns issnnl hu an