, 1864-08-15

cnarge oil nc uuIleS Ol HIS Oillce. nc Deputy
Comptroller so appointed shall also take the Oatl
Of Office prescribed by the Constitution and law;
Of the United States, and shall give like bond
in the penalty Of fifty thousand dollars. The
Comptroller and Deputy Comptroller shall not
either directly or indirectly, he interested in any
association issuing national currency under The
provisions Of this act.
See. 9. ind be IL further enacted, That tho
Comptroller Of the Currency, with the approval
Of the Secretary Of the Treasury, shall devise a
seal, with suitable inscriptions, for his Office,
description Of which, with u certificate of ap.
proval by the Secretary Of the Treasury. shall
be filed in the Office Of tho Secretary Of State
with an impression thereof, which shall thereupOn
become the seal Of Office Of the Comptroller oil
the Currency, and the same may be renewed
when necessary. Every certificate, assignment
and conveyance executed by the Comptroller, ia
pursuance of any authority conferred on him by
law. and sealed with his seal of Office, shall bc
received in evidence in all places and courts what
soever; and all copies Of papers in the Office oI
the Comptroller. certified by him and authenti'
Gated by the said seal, shall in all cases he evi
dence equally and in like manner as the original
An impression Of such seal directly on the paper
shall be as valid as il made on wax or wafer.
Sec. 8. And be 1t ,taTtieT enacted, That there
shall be assigned to the Comptroller of the Cur.
rUncy by the Secretary Of ihe Treasury suitable
rooms in the Treasury building for conducting
the business Of the Currency Bureau, in which
shall be safe and secure fre-prOOf vaults, in which
it shall be the duty Of the Comptroller to deposit
and safely keep all the plates not necessarily in
the possession of engrayers or printers and Other
valuable things belonging 10 his Department; and
the Comptroller shall from time to time furnish
the necessary furniture, stationery. fuel, lights
and other prop,r cOnyenienccs for the transaction
OF the said business.
Sec. !. And be IL further enacted, That the
term United States bonds" as used in this act
shall be construed 10 mean all registered bonds
now issued, or that may hereafter he issued, on
the faith Of the United States by the Secretary
Of the Treasury in pursuance of law.
Sec. 3. Aad Be Il further enacted, That assO.
Citations for carrying on the business Of banking
may be formed by any number Of persons. mol
less in any case than Eve, who shall enter into
articles Of association, which shall specify in
general terms the object for which the association
is formed, and may contain any other provisions
not inconsistent with the provisions of this act
which the association may see fit TO adopt foT
the regulation Of the business Of the association
and the conduct Of its affairs, which said articles
shall be signed by the persons uniting TO form
the association, and copy Of them forwarded 10
the Comptroller Of the Currency, to be fled and
preserved in his Office.
Sec. 8. And be it further enacted. That the
persons uniting to form such on association shall
under their hands, make an organization cerliii.
cate, which shall specify
First. The name assumed by such association
which name shall be subject TO the approval Of
the Comptroller
Second. The place where its operations Of dis
cOunt and deposit are to be carTied on, designat.
ing the State, Territory. or District, and also
the particular county aud city, town, or village.
Third. The amount Of its capital stock, and
the number Of shares into which the same shall
be divided.
Fourth. The names and places Of residence oI
the shareholders, and the number Of shares held
By each Of them.
Fiflh. A declaration that said certificate Is
made to enable such persons TO avail themselves
Of the advantages Of this act.
The said certificate shah be acknowledged he
fore judge Of some court Of record or notary
public, and such certificate with the acknowleSlg-
ment thereof authenticated by the seal Of such
court or notary shall be transmitted 10 the Comp
troller Of the Currency. who shall recorl aud
carefully preserve the same IN his Office. Copies
Of such certifeate, duly certified by the Comp
tFoller, and authenticated by his seal Of Office.
shall be legal and sufficient evidence in all courts
and places within the United States, or the jurls-
dction ol the Government thereof ot the existence
o. such association, and Of every other matter or
thing when could nc proved by the production
OF the original certificate.
Sec. z. ARd be IL further eH0eted, That no
association shall be organized under this act with
q less capital than one hundred thousand dollars.
nor in city whose population exceeds fifty
thousand persons, with less capital than two
hundred thousand dollars PTouided. That banks
with capital Of not less than fiffy thousand
dollars may, with the approval OF the Secretary
OF the Treas Try, be organized iu any place the
population Of which docs not exceed six thou
sand inhabitants.
Secs. And be q Further enacted, That every
association formed pursuant TO the provisions Of
this ae' shall, from the date OF the execution Of
its organization certificate, be body corporate,
but shall transact no business except such as
may be incidental to lis organization and necrs-
sarily preliminary, until authorized by the Comp
trolcr OF the Currency to commence the business
Of banking. Such association shall have power
to adopt a corporate seal. and shall have success
sion by the name designated in its organization
certificate, for tue period Of twenty years from
its organization, unless sooner dissolved accord
ing to the provisions OF its articles Of association,
or by the act OF its shareholders owning two
thirda of ifa afonlr unlaaa tho feanrlaiaa aha