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

UeW1lnI1l[eI UOnn.
tFoller OF the Currency and shall be under the gen.
eral direction of the Secretary of the Treasure lIe
shall be appointed by the PRECEDENT on the nominR
tion Of the Secretary of the Treasury by and with
the advice and consent of the Senate and shall ho
his office for the term Of Ave years unless sooner re-
moved by the President, by and with the advice and
consent Of the Senate; he shall receive an annual
salary OF i've thousand dollar; he shall have com.
psteht deputy, appointed by the Secretary, whose
salSrS snail be two thousand hVe hundred dollars
and who shall possess the power and nerform fhs An,
ties attached by law to the office Of ConptrOller n
lng vacancy IN such o6icc and during his absence
ne shall employ from time to time the me-
ceSsary clerks to discharge such duties as he shall
direct, which clerks shall be appointed and cIassI e
provided by law. within iteSil DAYS from the time
oi notice Of this appointment the Comptroller shall
tSke ana subscribe the oath of office prescribed by
Gonstltnt1on aud laws Of the United States and
he shall give to the United States bond In the nsr.
atty OF one hundred thousand dollars With not less
than Two responsible treeholdeF8 sureties to he
approved by tho Secretary Of the Trcasury oondi-
toned for the faithful discharge Of the duties n IN.
oiSs Tue Deputy oemptrollef 20 appointed shan
also take oath otce by the Constitution
and laws of the United States, and shall give like
bond In the penalty of fly Thousand dollars The
Comptroller and Deputy Comptroller shaII not eth.
or directly oriudrectly, be interested in any assoc-
Of thisaot. ~ .s.-. 80 zfffT9. =
Sec 2. And BIO it further enacted That the Conn
Lroler ot the currency, with the approval Of tile
Secretary OF the Treasury, shall devise SEAL With
I for his office, description OF
which, WtthR certificate of approval by, the SeCrc
tary OF the Treasury shall be filed In the ofice of the
OF state with an impression thereof which
shall thereupon become the seal of odice OF tile
Comptroller of tho currency, and the aans may be
tehswed when necessary. Every certificate, assign
m nent, ana conveyance executed by the ConiEroler.
N pursuance OF any authority conferred upon him
oy law and sealed with his seal OF ONCE shall he
received In evidence in all places aud courts what
Comptroller, certified by him and authenticated nv
the sail seal, shall In all he sVFdeuce equally
aSa IN IKE manner as the original. An impression
II made on wax or wafer. ID L., '5 .75fffI ?
Sec. g. And be it further enacted That there Ahall
oe assigned to the Comptroller Of the Currency by
tue Secretary OF the Treasury suitable rO0ns in the
Treasury building for conducting the business Of the
currency burcauJ in which shall be sate and secure
HrerOoI Vanlts In which 1t shall be the duty of the
oomptr1ller to deposit and safely keep all the plate
aud other valuable things belonging to his DEPART
meh[; n; and the Comptroller shall from time to time
uEhieh ms necessary furniture, stationery, fuel
lights, 0uu other proper cunVenienccI for the tFanS-
action OG the said business. 7EIl
sec. :. Aud bo it further enacted, That the term
"United States bonds" rs used IN this act SaII he
construed TO mean all coupNn aud resistored bonds
nov ss'ied or that may hereafter be Issued on the
Treasury in pursuance of law. St57.l7l 3
Sec. 81 Andbe 1t further enacted, That assocIa.
ttOnS Tor carrying the business Of banking NAV he
formed by any number OF persons, not less in any
Sec. s. Aud be IT farther enacted, That persons
ut1ting to form sncL an association shall under
specify ''''''
Firer. Tho name as .uulsd by such association!
Second The place where its operations Of Discount
and deposit are to carried on; designating the State
territory: or district, and also the pariicul city,
town, or village. -
Third. The amount of capital stock and the Iuni-
Der OF shares into which the same shall lie dYide
which capital stock shall not be less lan Tty tlOus
and dollars; and in cities whose population Is over
ten thousand persons the pital stock shall NOT l0
less than ono hundred thousand dollars
Fourth Tho names and places Of residence of tho
anaIeholuets, and the number Of shares held by eac
OF them. - 80
Hifth- The time when such association shall com
'mence ~ ~ 90 - r.
sixth: declaration that said certificate is made
70 enable such persons TO await themselves of tho s
VantAHeS of this act. ilEf
The said certificate shall Le acknowledged bef,r-
aJudge of some court of record or Iotory public
aud the Acknowledgement thereof certified under tho
seal OF such court or notary and shall be transmitted
together With copy of the articles OF association
which shall have been adopted, to the Comptroller
of the Currency, who shall record and c4refiv nre-
SorYe the in his office Comics OF scll ceFtii-
cate, duly certified By the COMPTROLLER, aud authen-
tic tted BY his seal Of Office, ahall be legal and sum-
clent eVlience III all courts and places within the
United States, or the jnrisdicton Of the CioYern.
ment thereof Of the existence of such association,
ana OF every other matter or thing which could he
cato. ~ ~ s'''s
sec. :. And be It further enacted, That at least
thirty per contum OF the capital stock of such RssO.
citation shall be paid in at the time of the COM
mencement of its banking buStress aud the remain
der Of the capital OF such association shall be
paid IN tnsalments of at least ten per ceutum eacl
on the whole amount To which the association shall
be limited, as frequently ono inatalnent at tho
puu VI TWO months from the time
the commencement of Its banking operations untiI
the whole OF the capital stock shall be paid in. !
Sec: q. And 6e it further enacted, That If any
shareholder, or his assignee, shall fail TO pay any in
etalment on the stock when the same Is requirsI by
tho foregoing section to be paid the osuoh
association may sell the stock held by such delin.
quent shareholder, at public auction, having given
three weeks previous notice thereof in neyspaner
p9nnshSd and oi general circulation in the city
wnere tho association Is located II the same be ocn
ted In city aud II not 30 located then In a news
paper printed or of general circulation, the
" where the same Is located to any person who will
pay the highest price therefor, and not less than the
amount thon due thereon, with the expenses Of ad.
yeEtsement and sale; and the excess, II any shAlbe
paid to the delinquent shareholder II no bidder
can be found who Will pay Tor such stock tho amount
due thereon to the association and the Of ad
Yerttsement snd sale, the amount previously paid
shall be forfeited to the association, aRd such stock
DER lliEsi 2 % s{Es
Sec. 9. And be It further enacted, That whenever
certificate shall have been transmitted to the
comptroller of the currency, provided In this act
y the comptroller that at least thirty per centum OF
s capital stock has been paid Aforesaid, and that
such association has complied with all the provisions
OF this act required to bO complied with before such
association shall be authorized to commence the
business ot banking, and that such association is
desltous OF cOmmehcfng such business the comptrol
er shall Immediately proceed. in such manner as he
shall by general rules prescribe to exam Inc the con-
diton of such assocRton ascertain espec aIly the
amount Of money paid ID on account Of it's capital
stock; the name and place Of residence Of eactl OF
the directora Of such association, and the amount OF
tho capital stock OF which each IL the bona hde
owner, and generally whether such association has
complied with all the requirements of this aSt to on.
title 1t to engage in the business of banking; and
shall cause to be made and attested by tile oats OHa
majority q the directors and by the president or
cashier Of such association, statement of ali the
ACTS necessary to enable the comptroller to deter.
mine whether spch association Is lawfully entitled
to commence tho business Of banking under this
sec. 10. Aud be It further enacted, That II upop a
careful Of the facts 90 reported and OF
any other facts which may come to the knoWledye Of
the comptroller, whether by means Of special
commission appointed by him for the purpose or in.
qntripB into tue condition Of such association or
Otherwise Il ahal nppear that such association is
lawfully entitled to commence the busineas of bank.
ing, the comptroller shall Civ. to such association
eertthcate under his hand and official SEAL showing
that such eseoe9t0n has complied with ali the pro.
visions OF this act required to be complied with be-
ioro bpng entitled to commence the business Of bank
Ing under IT. and that such association Is authorized
70 commences s9d business accordingly; and ft shall
be the duty of such association TO cause Gltd eerti
cate 70 be pnbIahed In neNnnannr nnhlfaheh n