New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-05-22

formal letters expressing purpose TO apply, &C., az
if they were formal applications. Controller Nc
Outlook thinks, however, that the applications are
coming in as rapidly as The public interests demand
believing that the law should be carried into effect
gradually, 80 as least to interfere with existing IN
stitutions. The following circular has been issued;
TRKAsrRy DEPARTMENT, OFFICE OF THE COSTHoLLER
OF THB CuKREScI. WAsnINGTOS' - I"o1
FOR IN, and guidance Of those who nsy desfe
to form Banking Association. under the se' OF
Sstc ocks and provide for the ciIeuluen and
redemption thereof approved February 30 1901 the ioo"
ing information IS gYen'
IT. o.Dos r,n,, OF IN. associations viii be National
Ranks and they will be desgnsied ss the fU't Second
Third &C. &c National Bank 0f the place 10 when they
NAV be located where there IL but one In p-rticnl
town and prospect Of another It will still be de'sns'ed
the First National Bank. -, II.
an association organized under mis- sw to dominance the bust
banking according to the provisions Of nc O'h econ
deliver TO Treasurer Of the United states
bonds to equal TO not less than onehit' OF ~
io Treasury Notes. other evidence Of Temporary
loan regarded the bonds c0Dempa'ed oy the SUD
On the certificate OF each bond TO be dePO'ed with the
Treasurer the bs,s Of he Naonsl Currency TO be Issued
there be written printed TO be signed y the
President or Cashier Of the ai'ociston depors tho ase
substantially the following words
This bond is deposited with The Treasurer OF the United
States by the hso Insert the No. National Bank here in
seI the cf the place in fut for ssd Bank and to
sd Rank under the set Of Congress entitled An sct 20
vide National Currency. secured by pledge Of tu'ed
;;an ,bsrsoi spproy.d FEBRUARY Is 1861"
description Of the bonds thus deposited will be entered
pop books the Treasurer and the book, Of the Con
AID the bonds viii be kept In the dIeptoof vaults Of
tn. Treasury. A.,,.,,...,p..,.
and the proper officers OF the uoyernmeni u dheuNto
conceive OF any contingency by when any ot oy can
result to the bonds by reason OF their having "een
deposited with The Tres Eer.
l. The United stsies held by the National Banks aud
tod exempt from Ns,io Ste teis ion For the
AN Of Naopsi ten 10 which they viii be subject On their
crcus ion aud their profits aud for lie, nee reference
made TO the laws OF relating 20 the intens revenue
The l9h sect OF tue set s'upeeded BY the 10 section OF
to provide ways and means oT the support oil The Gov
ernment approved March ,, 1868
s. Cifcua,sg Of the highest style Of engraving and
National Bsu 1t the Of the Government under the
provision, Of tho act At the sre DAY prsccabe and IN
the order 10 which the banks organized The notes viii
first he supplied 10 the associations oan1ed lHe,r we se'
and Amuch serious doubts 20 be entertained IN
gard 70 the power OF Conge" 70 enlarge or IN spy WY 10
tdeet the privileges Of corporations crested by state Az
thoy may b deemed best TO have these doubts removed
by the opinion OF the Attorney General OF the d'e.'op o.
1oeut Court before tbs National Currency 10 furnished
10 eI,ns State banks under the ga section oihe act
g. Except in special which in the judgment Of the
Controller may render actual examination DecsDary the
statement under osIn OF the President snd C..hier aud
jOty Of the Directors Of the respective. National Banks
setting the place Of residence II the Dire aud the
amour, OF sock held and owned by esch-the amount Of
capital actually paid in and the feet that the rqaiiesni, Of
the been fully aud Ia good faith complied with
will DO considered ,sacient evidence TO entitv the a,oca
oDt tho business Of biut'nsi and on the
eeipt Of such statement the Controller will awe 20 the
sieni respectively the certificate eoniompsod by tho 10Th
section OF the set
aocs,ens the requirements Of the 9Th section 81 the oct
should be fully complied with.
,.rtuef IL AT lea onsLe II Ia therefore important n
partners IN tie Preliminary Cefiinose FOR tho ofEanf
ton Of National bsnt ihsi iheJ .Lose htn e. snd
also desirable hst the sane rule should be o''Sf'sd IN the
TSe se provide. that the Pr,lmiusry Certificate. With
eopy OF the Articles Of Association which h1 Lave t.ou
adopted SAL: ss isws s &C., 70 s .sSa
ssis sboat Ibe time and a. near /" may De be
Section II Of the act vqur- the Article. Of
Association should lmil hG the lime for uhch The
cation 10 TO coghnae. The copy 81 the Articles 90 be r-
,rd-d 10 ID. Jutroer should be certified 70 by Of.
eer OF III. assoc Stion a. being true copy.
10 Tho oath required be taken AID suh'chsd BY the
duly eeftlhed by ih. officer Administering tho sane
1s foa Idei 10 tie Controller be0io the Certificate
,r DIsetof Or Dc,or. 1rs elected lie oath tl.a and
sub,crbei by him or them. and duy certified. must s,o
H. All efs,uf.s aud intsfinesons are 10 be csIsiny
avoided In the Preliminary Certificates aud Articles Of A,o
ia The name, Of the Associates should be written in full
the Preliminary Certificate sud Articles Of Auecis,ion
Is The original Articles Of Association will require Eve
cent ,smy M zach sheet Of pspeT used and tic Preliminary
Certificate hyecsul stamp.
H. FoIm, Of Preliminary Cerhcste, Of Articles Of Asso
citation aud Certificates 10 .ne the s"ocsou, 70 com
n.ncs business Of banking, ili be furnished Al this
Office Forms Of Reports viii also be furnished 10 dss time
Articles u As cistion entered into by and between tie
de,sued for the purpose Of organising BANKING As ella
consfs,. entitled An provide national currency
sn.d bv pledge Of United States stock, provide
FOR circulation aud Ted'mPu"n thereof approved feo
J. Tho name .nd title Of this Annexation shs be- The
q The pisce Of bushes, Of th, Association ,hs be at
Tss BoId OF Diisc,or Of thi, Association .h. consist
n, - fockholdets The hrft mseing Of the stocthodrr
for the election Of directors, shAl be held at - Oh the -
The regular annual meetings Of the stoekhode fer Ia.
election Of sha be the second Tuesday Of Jsnu
reid on that dsy It may be held other day according
| 70 the provisions OF tho 10th section Of the act ~,
The capital stock Of this association shall be - thou
sand dolars: bu, the may be from time 70 time ID
creased subject 10 the limitations Of tho act to any sum not
exceeding - dollars, and IN such Increase Of capital esei
oethoder shall have the privilege Of sab.efbGs TO 'uci
Of shares Of the proPosei ipcfes.e u stock as he ms
be entitled to- according 20 Tue number Of 'hse o"heo "
him before the increase Is made
The shares stock shall DO hundred dollars Zach
ouom 70 do busiues shall elect Of their number b.
President who shall hold his Office luness be should become
or be removed by third. vole OF 81
the members Of the board for tho term for which he wa
elected Director; and th.y shall have power TO appoint
and such other officers and clerks may DO required
"a transact tho business Of the A,socson to hI tho sass
10 he Maid 10 them define their respective dutes an'
TO continue them ~ ohoe nn.S ~, In crest Of The
ton NAV denaud The Board Of Directors .nhl, by hei
by laws specify by what officers Of the Association or Com
nees othe Board the regular backing business o. The A,o
citation sns be sns.ced but no loan on real ana persons
security tba DO made without the oonisnt thsroto OF ma
jonty Of the Directors . +. - 4. -,
The board Directors shall also hsve power require
bonds from the officers Of tho Association and 70 hr tho pen
ay thereof; 10 requisite the manner IN when elections
directors shall DO held and to aDpoEt judges Of ths elections
20 ,o,i, for Al tie capital stock VI this Assoct
lion and the mhnnet in which the increase shs 20 made
make ali bylaws that msy be required 20 regulate the bu
n., Of the Asocaou and generally 10 do And perform o.
.ct. vbob arc proper be done by ooao OF directors
io are not with these Articles Of Association
aud subject 70 the limitations and restriction, Of he act o.
Conyr.ss nnd.r hieh this Association IL oigsnizrd
z Thn Atsoosiiou shall continue ior INC peiieo o. hlhe
by the act OF msJ0ilty g.