Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-03-31

/ ehSrSe. he I.n, IoEetsn coins, and bills OF az.
it y !oening money on real and p0rSopaI SON
~ kne gpecihed in their artIcleE of 1SS
E purposes authorized by this aef aSd
~ e9SEoasing such incidental powers a ShSIl Is
necessary toeArEy Saeh bushes to ehoCsH 1. ~
tnelL number a. presideut OF such SSaociSfon S "a
% appoint cashier aud such other oS1s"S' 3 .
agents a their business may REQUIRE: And 10 r, S
such preadent, cashier, ocer8 and aeenta St I
urol aud appoint others initheir piaes ana Pc
al business shall be transacted In bSni @ IslE
Stea AZ the places specified respectively IN m eSr
tl1eate sas 10 o. ciation, and not elsSWhore
Sec. H. And be It further enacted That tIs .L.,..
formed under this act shah be deenSd
personal property, and shall be transferabie On ho
oooA9 o. tho association in mch ulnnuer - NAV ~
prescribed in the bylaws or articles Of .SsociSft
Snd every petg0n becoming shSrohoIder nv SnrbS
s,S Sne IN proportion to his shares, sueceod to
sIon and no change shall be made In the art
e!es 81 essoct1tton by which the rights rSmedieS or
fFiSsaE1 aSB g sSs s'S1sOP Sa oP
essSctation for circulation, depositS or otherWiSs.
theiF par value Ofth6 shares held byhinan Sddition
70 tho amount inye.ted In sucl. shares
~ Sso. ~ ana % II thfther ona6t0d That IL GhaH
20 awful !or any Assoetatlon formed undor thiS ~
by its articles OF association 70 pTTidS foE a. &
S[ssSe q rs capital from time 70 time as may be
oeeneu e&pedteuts subject TO the Limitations Of tbS
acts hut no such increase shah be valid until the In
capital shall be paid in and notice thereof
currency and his certificate obtained ineeIFSinS tb
Of such increase Of stock and mat fhS
same has been duly paid to such aSsooiStf6n
seo "a. And be It further enacted. TbSt IL absII
j oE , sueh association to purchase, hold,
Au0 convey real estate 0a tDlInWH:
Fltst- Such shall bo necessary for Ia Iroue1u+a
accommodation In tho transaction ofitS business.
Z, ,i9S % such as shall be mergased TO it in good
ISOLATION OF for moneys duo thereto n ).
Third Such as shall be conveyed TO il In SatFsf,o-
go oraeot' previously contracted in the course OF
FOURTH! sueh as it shall purchase At sale, undsr
decree, mortgage held BY such assO-
such association shall not purchase or hold real
than as epecifted in this section sEi
Sec. 10. And be It further enacted That 0vervns
eooiatioh atter having compiled with the pToViSonS
OF tois act preliminary to tho commencement Of
and deliver to tho Treasurer stst.s SnI
United States bonds bearing interest TO- an amount
not less than one third Of the capital Stock paid n
which bonds GhRlbe deposited with the TreaSurer OF
the United States and BY him safely kept in hIa Of
Pursuanec OF the prOysions OF this act.
Sec 10. Aud be it further enacted, That upon the
making OF any aushtrAnSier and deIiV ~ the aaSo-
from tho Comptroller of the Currency gcircuIStinT
notes Of different denominations iu blank reeiSered
ana countersigned as hereinafter provided equal In
amount 70 ninsty per centum Of the current market
Iaue OF !he United States bonds transferred and
HeTere1 out not exceeding the par value thereof IL
equivalent United States bonds bsarng IeSS rats or
interest; and at nottlHe ahall the total amount Of
such notes issued to Ruy such association, exceed
tai stock. 81. sl.,.l,,. - -'' N-P'-
SEQ IL And be It further enacted That the .r.
tire amount ofcirehlatins notes bo Issued under
this act shall not exceed three hundred milliopS Of
dollars: One huhdred and hfty millions OF which
sum shall be aPportioned, to associations In the
States In the District OF Columbia and ia the Terri
tories, according to Representatives population and
the remainder shall be RPportioned BY the Secretary
OF tho Treasury among assOciattOns formed in the
several States in the district Of Columbia and in the
Territories having due regard to ths existing bank
ing capital rnSou co., and busness, of such States
District, and Territories.
sec. lS. And DO It f1rther enacted, That in order
70 turnsh suitable notes for circulation tho Comp.
trolleE OF the Currency s hereby authorised and re-
Iutredi untsr tha direction of the Secretary OF the
EreAAury to cause plates to be engraved in the best
manner to guard aRalnSt COUNT rfeftn and fraudu-
lent aud to have printed tharefrom and
numbered, such quantity Of circulating notee, in
blAnk' Of tho denominations or Ve dollars ten dol
lars, twenty dollars, my dollars ono hundred dol
lars, hye hundred doSrs and ono thousand dollars
as ma be required TO supPly under this act the aS
soeiattons entitled to receive the sAme which notes
sh" express upon their fUcs that they are secured
ny United states bonds, deposited with the Treasu-
Fer Ofthe untted States, and issued under the pre-
yatona Of his act, which shall be atteSted
by the wr!tten engraved sgnHtures OF the TreaS-
ureE and Register, and by tho imprint of the seal Of
tho Treasury; and shall also express upon their facs
tue promise Of the association receiving the to
pay on demand attesteA BY the signHtures OF tho
president, or yice-preaideMt, aud cashier; and the
sald notes shall bear suSI devices aud such other
statements an shall be IN such form ~ tho sOcro
ltaFJ otthe TFeasHry sllall BY reguInIloni direct.
.sEf 5HF [T0 BE CONTINUED Il