Smyrna times., 1863-05-21

.i:.t4,. >, ~ y ......-e
q; "i"i .--"' +, -" t.. .. nae cap: ',,,.
~ -, my ~ -.r 'r.t..-., - tre secretary Ike
ifeAfacY, aPPp.l :,.s ID ,ini NJ M, lsluoss
0rsuca as>iciainn as provided IN thus act.
SoeIi"h ~ AtideH firt+c -'oE, rL.t no associ-
aloh silat AT any tiihe be Inde. IN aay way lIa-
De To al amount ,coedat tie amount of lis capital
STOCK AZ shch iIhe GcIuI!i, pt in anu rem aiming
dminished by 0sse. Or Otherwise eAAepI on the io-
lowing accounts, that Is 80 sly:
FIST Oh accounts oi It's notes Of circulation.
second On account Of moneys deposited with, or
collected By such association
Third. On account of bills Of exchange or drafts
drawn against money actually on de posi- 10 the cred
IL VI sGch assoc Iaiion, or due sherelO.
Fo0r'A ga account O ltabines 10 its stockholders,
l0t money paid IN on capital stock, and dividends
thereon, and reserved profits
Section 43 And b. fnrtiar egacfsT Tint no asso.
c tt'0n shaft, rIther directly ndifectiy pledge
hypoinecate anF OF It's notes OF circuai On for the
purpose OF pro"urHg m0uey b. paid IN on It's co pi.
tai STOCK. or to be used IN banking operations o.
Otherwise.
Section IL Aal BEL further enacted That no assoca.
"oh; u any me'n2er thereof shall, during the time l.
shaH eoN'ihne It's banking operations, Withdraw.
permit t0 De wllh1rawn, either ia form Of fdIvidends
Aoas e StocKIouers Tor lOnSet time thun months,
oc III aY oIner manner any pOrIion of its capital and
osse snail al aay time have been sustained by anv
sufn as'cIatlOh equal tO'0t exceeding us undivided
prohts Than on hand, no dividend shall be made and
aha no dividend shaLever be mase by any
"ni0 II s!aI continue Its banking operations, 10 all
am Lnb greater than It's nett profits then on hand de-
uuciiny tharerOn Its losses and bad debts ; and all
DEBTS due on any assUclIIiOh which interest is past
uue ana hTtd for perOd 0t slx luJnths unless tn,
same shall be well u::d and shall be in process ul
CORRECTION shall be considered bad deb.s wllnm the
meaning OF this act
Sectl 4j. Aud be Il further enacted That the d
reclOrs 0 every ssG.Itl,On shall semi annually in
the III 'hihs 1i May an November declare dlyiend
ol 80 lnach OF The profits u an asSocalen as the
ii' Jnuge eNpedlent; md on each dividend day the
ShAll make aud verify by his oath, iuil clear
ana accurate statement Of the condition of the assoc
sHon as II shall be on that day after declaring the
Dividend which statemsat shall contain
FIRST The amount Of ths spltaI stock actually paid
sociaton,
Second The amount of the circulating notes of such
ASSOCIATION then III circulation. %
IhlrdIy The greatest amount in circulation al any
time since ths making OF the last preyIeus statement
as sha nave been exhibited by the weekly statements
occurred
tonTIhIy Trhe am1unts of balances and debts Of
e'ey A'u Gs 70 o'Aer oiAkS aud banking 4ssOci iuLs
fHlhy. lac tTJiAt due to depOsiturs
SXthly, The total anInnt OF debts and Liabilities
OF eVerV dAscf tph.And The greatest amOUn since the
mixing OF ihe last pteEOs sIaIement specIlying the
lime which the same occurred.
SeveHthy Fns total aim luni OF divide nd declared
on tle diy Of nIt.Ag tha statement.
,G,ghhlE tue "'a'unl oila"tui money Of ,he Unit.
ca states hei". 10 The association, ana n lis putsrs
sion ~ the Time OF maklug tne SlateInent.
Nhthiy Ihe dinDLut -Hoect 10 be drawn at eight.
sh ia"'ui iaIiey ot me UIed States. then remaining
o "0tO'tA WIN a'iN banks, bankers:
SpeclHnlS tae ano iu's - IN deposit the cues Of
be''oh FfoN oNIdente, New York PhhadeiVhia BaltI-
lSr9' va i'IIt2 CiiraSo 81 Louis ana New Orleans
leItl'y. Ia3 IL" 'un. leo Ga II al 1( Ons noles
lssnei "F "l''e' 1lIHs Ali binkIls associations
EteF""thiy !Ie InrInt 81 bh snces due tron otbe,
o~hAs ''h>ef' @Ht HdnSing ao.1claions, eNcluslrIl
degos''S uy e. :" o. drawn AT siSa- as aforesaid
I"ehihty Inc amount Oh hand OF btS bands
slocNs no g. sui oHar evidences OF ce bis d,s.,u
el or Fu'~I1>ed ,. lie a. -pecttIg par.cu
laty tie n 'hnt % suspended deh the am .unt cot,
sluefei dol'tla and The arnonHt sGl; or GdgM ent
lhiree 'i1iY ihe value Of tue real ana ., tro7
ProFefIy held nr lhe conyenlence OF the associa,on
s2efIl! In5 ''e an ant ufeIc
tphftee 'thiy. Ihe anIunt Of rea ekate ,aken il
P4lhth' 'i aeh'N iHe 10 the HsaUcIot.ou.
tliernhiv fGI amoui.l Of the unltvIdcd profis q
thc t>-U.,l;.uu
ga IT,, :oia sm1nnt Of the liability 10 tn
a@+'r a - ~ ~ ':i-o.- ttcrI1f rctt, e, .pt
c'': 7'' r - o tt % sutt ilarf!tIicS a, uyiur
-. ~. 't e. -:"s amt It ~ .t,:1r-es. ~ saGt
n --:-sae... .>ql- .n.r f,...,yi., h.. ,.an,
m1 - a. - d. .'. ..c,ru.v
>-.e'f - trihe f.r'..r u,ecct ra.t every n,
- i!'" d .E, 'H;... ~. rot, p, nni charge .,
a"E i'@n nd ~'..:t u d. " u,,l. en-, n,.r N,
e1ch an 20. l~' -, i .l.s. -, rtl, t N >
e. . -rp ~ - :, Tor nc rme the es'ah.ished -
OF Ht 'f's' - - l. = ~" payjnruI ~ 10 ,neV IN IA
ptVme.ii ~ ~ IN III ai,.cuce OF Contract b-t "a &c
the afti"s, b., t" laws tthe sevcrA -irIes IA "a hc
the rs ta'r"ns are Respectively inCa,cd and 40 ,.or
Fr1t'd' i h.r'csr. That nere,; ma. be reserved {
iaNeh N aIv nee, al ihe ttac OF making thr 10 IN {
sc)uIt. ,fd'ul - the I,n.I eu,e- If an
tne knIHng.F r>;'.g reserviig or charging OF rsI
o. 'tttfe> greater ID - tat tiIuweu ht ths s,ctlJ
sa II he held ad ajnigAti foriti.ure VI the debt ,
'miA1 on "h!ch The sa;ne T. taken reserved.
ch'rset; bIi The o3roh Sc .C;nit or sale Of a nj
o. ex'a n2e, friwn Oh acjnA.ly e1I,finc values an
payable a. an3'he- nqre ,hlu III. d .c. of sirh I'm
chase scGHut sie at III current alsrouul or pr
lninn shall no. he C. .n4dere4 liking reserving
charging interest
Section +. .lodLe II fuflcr caactcd Til.
the total liabilities Of any person. or Of an
company or firm. ,inclulinrin the liabilities
company or firm the liabilities Of the sever
meln1er> th"r OIL to any a~,oyiation, ncll
dung liabilities acceptor 81 bona hde bills ,
cN"hai.e. ~ able out Of the State whore til
as,ocittion Is l1oatei shall at no time cxcee
one-thlTd exclusive Of liabilities on such bi,
Gl exchange. one tenth part Of the amount {
the capital stock Of such association actIla
paid i'll.
Section 49- Ind be it further enacted TIL;
no a@soeiaton shall, at any time, put oct q
ioan~ or discounts, o. on purchasing drafts {
DiiS OF exchange or in payment Of dopo,ite
nor shall it in any other mode mt ia circul
tiOA the notes Oi any bank or banking a,yOci
ton which note, shall not, AT any euch tim
he receivable at par on d"posite, and in pa
met OF debts By the as~D:latirn 80 paving oI
or Circulating" such notes; nor shall it known
y pay out Or put i'll circulation any notes ISSUE
by any bank or banking association which
tue ume OF such paying out or putting in circi
IstlSn Ie, ls not re4eemnng its circulating notes
Section 40. lind he Il further enacted TIL
I'll transfer "f the notes, bonds. bills Of G.
cn'n4o. and Other evidences of dclt owinr
any association, or Of deposites to its credit
a'i a-,fon ne nf mortgages, s,Iretics on 70
emantt ~ decrecs in ite fayo
.".ne!- bullion, or other valu
nIe th.hE iGr ~ Ne, or for the use Of any
ol noncy to either, made after the commie .il
ofan act Of insolvency, or in contcmD!atil
thereof, wlrh a view toprcycnt the applicafi,
OF lts assets in the manner prescribed by III
act, or with u view to the preference Of o
creditor to another, except in payment Of
CIRCULATING notes, shal! be utter y null and vol
if-the directors Of any association Shall knn
'ugiy violate, or knowingly permit anv oft
o.hcers, agents. or servants oithe association