Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-09-05

suspended debt, the amount considered bad,
the amount considered doubtful, and the
amount in suit or judgment.
Thirteenthly. The value Of the real and
personal property held for the convenience Of
the association, specifying the amount of EACH
Fourteenthly. The amount Of real estate
taken in payment Of debts due to the associa-
ton.
Fifteenthly. The amount of undivided
profits of the association.
Sixteenthly. The total amount of the liza
bility to the association by the directors there
of collectively, specifying the gross amount Of
such liabilities as principal debtors, and the
gross amount of such liabilities as principal
debtors. and the gross amount Of endorsers or
sureties.
The statement thus make shall forthwith be
transmitted to the comptroller of the currency.
Sec. 46. And be it .farthcr enacted, That
every association may take, reserve, receive,
and charge OH any loan, or discount made, or
upon any note, bill Of exchange, or other evil
dencc Of debt, such rate of interest or discount
as is for the time the established rate of inter-
est for delay in the payment of money, in the
absence of contract between the parties, by
the laws of the several States in which tho as
scciations are respectively located, and no
more PyOrided, h0wercr, That interest may
be reserved or taken, in advance, at the time
Of making the loan or discount, according to
the usual rules of banking; and the knowing
ly taking, reserving or charging OF rate OF
interest greater than that allowed by this Sec
ton shall DO held and adjudged forfeiture
of the debt or demand OH which the same is
taken, reserved or charged but the purchase,
discount, or sale of bill Of exchange, drawn
on actually existing values. and payable at
another place than the place of such purchase,
discount, or sale, at the current discount or
premium, shall not be considered as taking, re-
serving, or charging interest.
| Sec AZ. And BE- IL further enacted, That
the total liabilities of any person, or of any
company or firm, (including in the the liabil-
tiles Of a company or firm the liabilities of
the several members thereby to any associa-
ton, including liabilities as acceptor Of bona
fde bills Of exchange. payable out Of the
state where the association is located, shall at
no time exceede one-thrd exclusive of liza
biitics as acceptor, one fifth; and exclusive
of Liabilities on such bill of exchange, one tenth
part of the amount of the capital stock Of
such association actually paid in.
Sec as. And be it further enacfed, That
no association SHALL at any time, pay out on
loans or discounts, or in purchasing drafts or
bills of exchange, or in payment Of deposits,
nor shall it in any other mode put in circula-
ton the notes of any bank or banking asso-
citation, which notes shall not, at any such
time, be receivable, at par, OH deposit, and in
payment of debts by the association SO pay
ing out or circulating such notes; nor shall
it knowingly pay out or put in circulation
any notes issued by any bank or banking as.
ISOLATION which at the time of such paying
out or putting in circulation is not redeem
ing its circulating notes in lawful money Of
the United States.
Sec. 40. And be further enacted, That
all transfer Of the notes. bonds. bills of ex.
change, and other evidences of debt owing to
any association, or Of deposits to its credit
all assignments of mortgages, sureties OH
real estate, or of judgment or DEGREES in its
favor; all deposits Of money. bullion, or other
valuable thing for its list, or for the use of
any of its shareholders or creditors; and all
payments of money to either, made after the
commission of an act of insolvency, or in con-
temptation thereof with view to prevent
the application Of its assets in the manner
prescribed by this act. or with view to the
preference OF one creditor to another, except
in payment Of it's circulating notes, shall be
utterly null and void.
Sec. so. And be it further enacted, That
if the directors of any association shall know
insly violate, or knowingly permit any Of
the officers, agents, or servants of tho asso-
citation to violate any fthe provisions Of this
act, all the rights, privileges, and franchises
.1,r11
be thereby forfeited such violation shall.
however, be determined and adjudged by a
proper circuit, district, or territorial court Of
the United States, before the association shall
be declared dissolved; and in case of such
violation, every director who participated in
or assented to the same shall be held liable in
his personal and individual capacity for all
damages which tho association, its share
holders. or any other person, shall have sus-
tanned in consequence of such violation.
Sec. 81. Ind be 1t further enacted, That
the comptroller of the currency, with the ap-
probation of the Secretary of the Treasury,
as often az shall be deemed necessary or prop
er shall appoint suitable person or persons
to make an examination of the affairs Of every
banking association, which person shall not
be director or other officer in any associa-
ton whose affairs he shall be appointed to
examine, and who shall have power to make
a thorough examination into all the affairs Of
the association, and, in doing so, to examine
any Of the ofiicem and agents thereof on oath.
and shall make full and detailed report Of
the condition of the association to the comp
troller; and the association shall not be sub
ject to any other visitorial powers than such
as are authorized by this act, except such as
are vested in the several courts OF law and