Smyrna times., 1863-05-21


blank OF the denomination OF five lars ten dollars,
twenty dollars. fifty dollars, hundred dollars, five
hundred dollars, and one thousand dollars as may
b. required o supply, under this act, the associa-
tlon entitled TO receive the same; which notes shall
express upon their face that they arc secured by
United States bonds, deposited with the Treasurer OF
the United States, and issued under provisions OF
tins act, which statement shall be atteslcd by the
written or engraved sign tures of the the Treasurer
and Register, and by the imprint Of the seal OF the
Treasurer and shall also express upon their face the
Mise OF the association receiving the same to pay
on demand, atested by the signatures OF the presi.
DENT or vice. president, and eashier and the said
notes shall bear such devices and such other state
ments, and shall be IN such form, the Secretary
of the Treasury SHALL by regulation, direct.
Section 10. Asd be it further enacted That the
plates and special dies 10 be procured by the Comp
Oer OF the Currency for the printing of such cir
cuiang notes shall remain under his control aud di-
rection and the expenses necessarily incurred in ex-
ecung the provisions of this respecting the pro-
curing of such notes shall BE- audited ami paid as CON
hngent expenses OF the Treasury Department.; and
for the purpose Of reimbIrsing the same, and all
other expenses incurred under this act, and in lieu
of all taxes upon the circulation authorized by this
act, or up0R the bends deposited for the security of
the same such associations org nzcd under this act
shall semannualy on the first day OF January and
July, after It's organization, pay TO the Comptroller
OF the Currency III lawful money ofthe United States,
one per centun IN the amount OF circulating notes
received by such association, and in d fault thereof
the Treasurer OF the United States is hereby authOr
zed to reserve and retain per centumt on the
| amount OF said bonds deposited at each semi-an
nu1 payment OF interest thereon; and all
served aId retained shall he paid into the Treasury
under the direction of the Secretary, aud every bank
banking association, OF cOrporatiOn not organized
nnir e provisions of this act, issuing notes calcu-
lated or intended to circulate AS money, SHALL on the
nFstl nj nRNt and arlu Nha Ewaf
days OF January and July thereafter, make and de-
liver TO the Comptroller of the Currency true and
cute return OF the gross amount of notes issued by
| it, whether In circulation in it's vaults or in is
vaults, "r on deposits elsewhere; and in default OF
any such return, the bank, banking asSnc, ,tion,
corporation falling 10 make return shall pay the
United ) atos penalty of two per Ccntum upon its
chtlre capital stock, 10 be- recovered for the use of
the United States, in any eslrt of competent uris.
dctnn.
Section %. And be it fnrthsr enacted, That after
any such associations sh al have caused its promise
to pay such notes demand to be signed BY the
president or vice president and cashier thereof in
Ia such manner as 10 make them obligatory promis
sorry notes, payable demand, At its place Of bus
ucss, such association is hereby authorized to issue
and circulate the same as money; and the shall
be received ut par in all parts of the United States
In payment Of taxes, excise, public lands, and al
other duties u the United States, except for dute,
on imports, and also for all salaries aud other debt,
and demands owing by the United Statos 20 individ
uals. eJrporations, aud associations within the Uni
ted States, except interest public debit and nc
such association shall issue post notes any Othel
notes to circulate as money than such author
lzed by the fore going provisions Ofthis act.
Section II. And b. ii further enacted. That al
transfers OF UnItcd States bonds which shall bC
made by any association as security for crcuatin!
notes under the provisions of this shall be mad
to the Treasurer Of the United States with a memo
randum written or printed the ccrtfcIte of sucl
bonds, and signed by the cashier or some other Off
Ger eft the association making the deposit, statni
that Is held IN trust for the association who's
behalf such transfer Is made, and security for tn
redemption aud payment of the circulating notes de
livercd TO such association; and no transfer Of an
such bonds by the Treasurer shall be deemed vail
OF OF binding force and effect unless sanctioned b
the order or request Of the Comptroller Of he Cur
renCy upon the Treasurer. II shall be the duty q
the Compt ollrr OI the Currency to keep in his eic
book IN winch sh al be entered the name OF ever
ASSOCIATION from whose account such transfer
r bonds Is made by the Treasurer, and tho name
the pIrty TO who such transfer is made, unlesc suc
transfer IS made IN blank, i'll which the fac
shall be stated IN SAID book, and either th
par value Ot the bonds transferred shall be enterc
thcreIn and it shall he the duty of the Comptrollc
lmmedately upon countersgnlng and entering tn
same, to advise by mail the association from who's
l. account such transfer made the kind of bond
! and the amount thereof transferred
|, Section 81. And be it further enacted That
shall be the duty of the Conptr lIer of the Currcnc
to counersign aud enter ia the hook in the mann,
aforesaid, every transfer assignment of any bono
held by the Treasurer presented for his sign4Iur
d and the Comptroller shall have at all tmrs dnrn
3 office hours access to the books OF the Treasure
for the purpose OF ascertaning the correctness of Il
:; Transfer or assignment presented to him 10 counte
sign; aHd the Treasurer shall have the like
the book above mentioned, kept BY the ComptroIlc
,r during office hours TO ascertain the correctness
D. the entries in the same.
Section 23. And be IL further enacted, That
al shall be the duty of either the president or cashier
N OF every banking association having stocks dep0st
IN tue othce OF the Treasurer of the United State
once or more in each fiscal year, and at such time
i. times during the ordinary business hours said
1t ictr or officers may select to examine and compa
s- the bonds pledged with the books of said Depa
Is msn, and, if found correct, to execute to the
N Treasurer u certificate setting forth the diffete
X kinds and the amount thereof, and that the
in thc possession and custody of the Treasurer at
" date of such certificate. Such examination may
Sc made by an agent of such association, duly appoir
T. ed in writing for that purpose whose certificate
fore mentioned shall be of like force and validity
ie II executed By such president or cashier.
G. Section "a And be it further ENLISTED, That eve
association issuing circulating notes under the pr
e. Visions OF this act shall make quarterly report
d, tne comptroller OF the Currency, commencing
the fest day of the quarter OF the year next
ing the Organisation Of such assocaton, and cont
ne uing on the first days Of each succeeding quarter
every year thereafter, which report shall be verf
~ by the o'th affirmation Of the president and ca.
al ler, and all wiful false swearing in respect to
report shall be perjury, and subject to the punis
ly rneni prescribed by law for such offence The
port hereby required shall be in the form prcscrb
he by the Comptroller, and shall contain true sta
Ter mcnt Of the condition Of the association making su
Of report before the transaction of any business on
ch morning Of the day specif ID, preceding the date
es such report, in respect Of the following items
g. particulars, TO wit: Loans and discounts, overdra
re. due from banks, amount due from the directors
he the association, real estate spec cash items sioc
raj bonds, and promissory notes, bills of solvent BAN
,r bills of Suspended banks, loss ad expense accou
ng clptul circulation, profits, amount due 10 ban
Dis amount due 10 individuals and corporations otl
than banks, amount due tho Treasurer of the Unit
in States, amauntdue 10 depositors demand. auo,
he due, not included under either Of the above Asads