New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-02-21

,r, NJ such rotes being pad rnI ns ty rch
a"y den leney ~ naed Of =. hsrena6er specified TO 70
ibSr.e the United sters tne eii on , ited Slsss
], 49,. - aid psrmauent leo rp1n al 10" 's'h ~
,ueh ss.0cilton aud sren any, an other eisns what
81" go: lie necessary costs AID expenses VI ad"'n'
80 ~ Aud be il further enacted. That Whenever 'ne
r,oNsr ,I, become sal hod "a 10 the lmt preceding
section ,ciGsI tsst any such ne' ~
il. cn.ng notes tieein mentioned l.. may is'ead OF
nreinc the limited States bonds ~ Gged by such -ss1ca'
IA the next ecedne section, cause so much
NJ bc may Ne nec.sav t, redeem the outstanding cir
ots OF such ..,oci. ion Do t)d pubic Glction
il e y EesNos. after giving Thirty days notice o.
snch sals to such associations
Ssc 20 And be it further enacted That the Controller Of
the Currency If he shall be q opinion that the inter
e,ts Of the United States viii be- best promoted thereby sell
sste sale any OF the ssook transferred u hin sich
association aud receive .reo ei'ht money az Tie cifc'
pr notes iniug associations Provided thrs such
than TIE mnkei value thereof at the tims OF sale And
vdeA rhe, That saes Of such stock ethe: pubH
hay' been msdo with 'he forma.les pro'cilcd In act
sYC ~ And I've It further enacted. That bocdans as.
he 90 pecnsd IN IN. sc met tn' sch assoc mon he,
is ia default tho Controller OF tno Currency forth
bond snd security ss he shall deem prone who unIef
the direction OF the Controller, shall tas possession OF
such assoca,n col all debts dues aud claims Belonging
to sOc association and upon the order o. court Of record
doubtful debts and on ike order sell al tho real end
po,onal property Of such association such terms tho
moneys rado to the IieasIFeT o. the United States
snd a.o make report the Controller OF the Currency
thereupon notice to be given by sdverti.enent in
sus he may direct, for three consecutive
months calling all persons who Hay have claims against
such association 10 present The same aud 10 mese leg l
prrof thereof aud from time TO time the Control aer
full provision shall have beon first made for reundng the
Urtca states any sach deficiency IN reeeemin- the notes oil
uch association a. is mentioned ~ this act shall make a,4
bic dviten OF the moneys paid over to hm by sl,h
ceigcr on e such claims a. may have been so proved or
sdjudicsted In a court of competent Jurisdiction. AID from
time. the proceed. Of he Of such association
,ha DE- pd over TO hu he shall make further tgid'nds
eait all claims preyol y proved or cd udctcd aud
the shareholders o. such assocon or their gal Representa-
tes, IN proportion TO the stock by them TrlpeVey held;
which cdn have been 80 Instituted on account Of suy
alleged refusal 70 rode it, calculating notes so!esa4i shall
at my within days after such association shs have
been notified OF the appointment OF an agent AZ provided in
rial Court tho United State 10 enJoin further pg eediDgs
in The preni.e'i and such Court aeF citing tho HToIer
the Ctsrency TO show why further ptesreaings
should NOT be eIjoned ami after the decon Of is Court
finding Of jay that such ocs,ou La. not refused TO
lawful money Of the United st.te, shall NIKE an order en-
dining the Controller, and any sog under his d.
frct from all further proceedings on account of such al
legged lsia,s.
SEC 90 Ard be further enacted That tho bonds ,rarI
eTed the Treasurer Of the United States heeinbeoie
provided hy any banking association Tor tie secudt, of IL.
such sha be e.eemed EXCEPT provided IN thi.
act but the Controller the C1fcucy may give any
pnas iis the Interest thu bond. Which Ia.
nv. cen 80 ,f.D,frel T. e I,ea.t.e by IL but pch
vowsrs shall heroBe inopcrsIye whenever suci banking
us.ucieOn sal tail is Circulating notes
aid and sa!i Controller may drct the return u any Of
aid bond. the banking association which tfans~ed th-
upon the surrender % hi aud thc o.neett'u II
5nste amount OF such circulating utc, Provided
AZ ninety Der ceatuu Of tie value 90
remaining bond. which sha have been snefei by .he
bkps association Offering surrender such cifcuatinr
mates email b, equal tue amount Of oil the circulating
Inst ,L.fe .As have been no by s.,oc.ou to
re- fru lie
other violation By slch skoh Of cay Of tue foys
ios. oil T. sc,,r tie security e. the creditor. Of .uc $3.50.
citation; shah Treasurer te scqaivd rssrrntor such
oou3si fractional Of lee incn th3usud dollars
audl al any 1e al,-f sd bonds 'ts PC deposited
cab value s be- .e5asea. the Controller Of the Cauercy
hereby suthczcd g. esGani 4nd tae
dereciait,u Other United states vau-
money. rouI tho articulation receiving ,ad biI
such dep recistion conunass.
SIC. 81 Aud be II further enacted That Whenever IN.
pie OF any Of the bonds pledged Aforesaid recenp
ton circulating note. cay such banking association
,ban be- siocA EGchauge Ia the Civ OF AewYoik Tor
rtye weeks n a.e les than tsi at which they
f have csiimaed when pledged AID snch depfs
cis, stall been ale so1d ~ deposit
II shall be tho Guy Of tho Controller OF the
Currency noty tho Treasurer OF tho United states Of
fact the payment nie upon such derresied bood.
shall DO upende md 'n, niees, .ha DO retained By said
Treasurer un tie same when sided TO tho ennen naf.et
bond. pledged to be- asftaned before pr
y.drd ,ha he equal foT witch bond.
were pledged; Provided inst the duty IL the Con.
tfoei II Tho Cuncaey Of tho erpfou OF eefy period Of
tnree onh 10 eo tho whole ~ the GUNS 20 retained sud
then remaining ia te treasury Of tae laci state be-
~
o. the uielcy ln nus io we fH'pet" sssociiious by
which the BONDS which .ucA iuefct sha accrued
'a'i have pcea aId nc i;e 81 'ach de-
prce1 boi I 81 We StotA LAtalfr j. Ne" OLA aLi iIse
10 & price whieh thoy dyed AID four
connective weeks sucA nyestnsui s DO ssshoi
a''oct 3n qua al "c nag interest on 'ucI ~ dsd boHis
shil there.fs be ai 10 such sogon d-ualJ thcfooi
sgc 81 And be !, father enacted, Tia, dat,
Of tho CONTROLLER OIL mo tnIIey 10 IrceFr WORKOUT ~
tsted CTcuaius Lotes sued by such banking soca
denver place thereof - such ASSOCIATION other
bahA ccHatns nt' 70 al eauA amount aLi 'och "0in
notc- Alter uienorsnlum shall been
the proper bo0ss ia accordance with such fe,ui
tons mas Do rsisDhshel % The CphuOef si We % all
circulating notes AcA shall Lave been paid uffeIdered to
be Cancelled ,a b" bufd to as.s Of three .r
sons Que :" Dc aFPonc ~ thr oecTrtay oil Tue ewufy
ty Controller of tho Currency, aud by tho lie
sa have been delivered the Controller by su ofcer or
agent isuch to Then In lie pfcs-nce also. Of
ocer or ssept ani Of such burning 'snei p tho
paes sQpOLtsi 1hs DC made the by,s- oi the Con-
hOIrr ana oiool s'Nol 70 .Ith o0et OF tseh
SIC ~ ma 10 u Ju'ef e'ae'fd INT IT snail be u"ia"
u eny ohccF ecc under tie provisions OF th' at to
Company or peI'on e"Y circulating notes contemplated by
act except ss EoicAbeioe provided and accordance
tho intent ana moang 81 tL.sct AID ay officer
-'ei violate tie pfo'i'io"' Of th' section 'he! he
~" -nitc T., - nisdcinrsnof, ald on conviction
rreof s be puuisned by fn5 NJ, v.,vvsus 1Osbs tie
amount ~ coupiussaci aud delivered. aud imFT,oLnca
not rcoodng fifteen ycas at tLc dcreon OF Tie Couit "a
sc 8, Ind be Il further enacted That all fees for protect.
Boies issued ~ any such bakias soeson -na DC
sd by poson procuring Tho protest " be made aud such
ss be ibls thefeiori but part oil The
s,eck b. banking association aiOfeui shall
sppI 70 the payment o. ucn fees; aud al eHpenss Of
any -niuury Oher EXAMINATIONS the cOnGiti1n OF
NY sseocation shall DO psd by slch sssocaioui and ali
pcases Of efhip shall be paid Vut OF tho as'os
Of each association before nfIbu0n oil tie proceeds
thereof
SIC IS. And be II further enacted That the ockhOlders,
Collectively tuch JciaiOn sbt tune tie liable
TO ouch a-,ociao chor prpcipa dclt0r su,tio OF
amount greater than thcc-niths OF ihs cspa
stock actasiy plid III AID remaining uudinshed by osses
OF oteIwiei shall the directors be liable csp 10
und in snch 'hsi be pc'cf1ed ~ so
byws II such aasUratOu adopted by liz aIoCAhOtes 10
Iegua,s such Liabilities.
see 80 And further enacted Thst the capital stock Of
ANY a,oc ic,net und,r Tins shall bt diyiGei
s-rc hundred dollars each aud sna be usgbaDc
the books Of the association such Dynws