Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-04-02

\ 1e&Rk- PROOF 'Llete0t.; ana from time ia
time the Comptroller,f fafler full provision
shall have been first made for :refundinP
to the United States any such deficiency
1 in rsdeeming the notes OF fsuch association
az is mentioned in this act, shall make
Giratable dividend OF the moneys so paid
toyer to him by such reoeiverto all such
Iiclaims as may have been 30. proved or; nd.
| Indicated in a court of competent jurisdic-
ton, and from time to time, as the pro.
ceeds of the assets of such association shall
begpaid over to bin, he shall make further
dividends, as aforesaid, on all claims pre-.
| yiously proved or adjudicated; and the re-
mainder of such proceeds, If any, shall be
paid over to rthe shareholders of such asso.
citation, or their legal representatives, in
proportion TO the stock By them respect
iyely held: tF'ro0;dea, hSlgGget, That ii any
such associations, against which proceed
lings have been so instituted on account OF
any alleged refusalt TO redeem its circulat.
ing notes as aforesaid, shall deny having
failed to do so,'sueh association may atnny
time within ten days after sueh3 association
shall have been notified of the appointment
Of an agent, as provided In this act, apply
to the nearest circuit, or district, or terri
totlal court of the United States; TO snjoin
further proceeding In the premises l. and
such court, alter citing the Comptroller Of
the Currency to show cause why further
proceedings should not be snjoined, and
after the decision of the court or fndingof
Jury that such association has not refus-
ed to redeem its circulating notes, when
legally presented ! fin tue. lawful money of
the United states' shall make an order en-
joining the Comptroller, aud any receiver
acting under his directionI1 from all fur
theri eriproceedings on account Ofsuch alleg-
ed rsfusal.2 'aa sN5isg1 7a f2B~
Secta6n 80: Aud be it further enacted, !,
That the bonds transferred to the Treasu!
irer of the United States, as hereinbefore
provided, by any banking association for
the security OF its circulating notes, shall
ibeheld exclusively for that purpose, until
euch notes shall be redeemed, except as
provided in this act; but the Comp.
trUller Of tho Currency may give to any
such banking association powers OF RttOr:
ney to receive and appropriate to its own
use the interest on n4tbe bonds which shall
have beenso transferred to the Treasurer
by il @lbut such powers shall become in
operative whenever such banking associa-
ton shalF fail to redeem its circulating
notes as aforesaid; and said Comptroller
may direct the return of Iny of said bonds
to the banking association which trans.
6uEE6uU6E
and the cancellation of a proportionate.
amonnt Of such circulating notes; Proyid.
ed, That ninety per ceutum of the current
market value of the remalug bonds which
shall have been transferred by the banking
association offering TO surrender suoh cir
oulating notes ahailib be equal 10 the amount
OF All the circulating uotesretaiued by such
banking association: And LproYide ed, fur.
Cn9r5 1aaL tnere shalt have doeh no fnilnre
bysspeh association TO redeem It's circuIat.
ing noteg, and that there shalt have Bss1is
no other violation by such association Of
any Of the provisions OF this act for the
security of the creditors Of such associSg
ton; nor shall the Treasurer be required
TO Surrender such bonds,in fractional sums
OF less than one thousand dollars; and IL,
at sny time after said bonds shall be de.
posted withatbe Treasurer of tho Unitcd,
States, as aforesaid, the market or cash
value shall be reduced, the Comptroller Of
she Currency is hereby authorized to de-
mand and receive the amount of Such de4}
probation in other United States bonds at
cash value, or IN money, from the associa-
ton receiving said bills, to be deposited
with theiTreasurer oftthe United States, as
long as such depreciation, continues. s,i1e
Section 81. .And be 1t further enacted,
That Whenever the price of any of the
bonds pledged as aforesaid for the redemp.
tion of the circulating notes of any such
banking association shall be, at the stock
exchange in the city Of New York, tor tour
consecutive weeks, at rate less than that
at which they shall have@been estimated
when so pledged, and such depreciation
shall not have been made good by de-
posit Of other bonds or money, it shall be |
the duty of the Comptroller Of the Cur