Delaware State journal and statesman., 1864-06-24


circulation aud redemption iherucf
RcR enqocd blythe Senate aud Hpuse OF Representative
ef ne UHii.d Sdtfs f dmerica IN tongress assemble
That hero shall ba established IN thu Treasury lepar
meni Nlaraln bureau, which shall be charged with III
execution hs aud all other laws that may bs pAssod
Congress respecting the issue and regulation OF nation
currency secured by United States bonds Tho chief Oh
Ger of The said bureau Nh all ha imiuaed tho COnptTo
Ion OF the Currency aud shall 10 under ha general dire,
ton Of the Secretary VI tho Treasury e shall bs N
pointed by the President on the accommodation OF M
Secretary OF tho Treasury, Ny and with .hs advice an
cuntoht oi tbs senate aud shall hold his office Tor IA torn
olhve ysas unesH sooner emoyadby the President, upo
sasohs To lie communicated by him to tile seAte he
esuVS Au annual salary u i've thousand dollars ha Ahn
have eompelant deputy appointed by the Secretary
wheao salary shall ba two thousand i've hundred dollar
aud who shall ptsess the power aud perform tho 1uie
attached BY law lp the onen ui Comptroller dnliug VA
ranuy ~ such olun and during his absence Inability
hn shhll empny nom tmo 10 time, the necessary clerk
to discharge suel duties hu shall direct which elark
shall bc az poiuted and classified by the Secretary of tn
Treasury III the llnner now provided by law Within
hlven daysite1 tho time Of notice o his appointment Thu
Gompoler rhall take and subscribe tho oath Of oie
lrtserlhl bY The Constitution aud laws VI tho United
Sihesi aud ho shall give IN the United States bond il
be penalty uf one hundred thousand dOlar uf les
than twn responsible gureto 10 bo approved y tg Ste
Rotary OF the Treasury, conditioned the faithful dis-
charge Of hu duties O his uee The Deputy uOptrpls,
F0appnned shall also take tho oath nf Otce praer h,
the Ollsiiutou aud laws Of tho United STATES and sha
gIea like bond n tho penay Il fifty thousand dollars
The tompreer mud Depuy Comptroller shall uot either
dierly W luditeety bu Interested In any Association
iNnng national currency under tho provisions Of this
act
Hof = anu Of JIfhef enacted Thai tho lnlnptrOef
e tho Currency with ihr rrnvnl tf La sarretary Of tho
Treasury shall davlsa seal with suitable inser ir
his eiier description OF which with certificate Of an
hfoval ny tho Secretary OF Tho n,ury shall Lu filed in
Tho Nee Of tho Secretary Of STATE with impression
iher"i which hal eeupon leeeme the teal Of 0les Of
Tho Comptroller OF the Currency aud the Aas NAV la
nneWud when necessary. Evory rertihcata ASST
And conveyance eNerued by tho COmpi Ia nurace
any authority conferred gu him nv law nul n,,l Win
his seal VI eirn shall he received In evidence In all places
aud enutH whatsoover and all copies OF papors in INV
olee oi the Comptroller, certified by him and authenirAt
u tuI nail L.
aul 10 like manner as theCrgnal An imp osslon vi such
rsA directly on the paper shall bo valid II made on
WaN or wAHr.
Eec 3. And Be il further cnac,ed, That there shall be
assigned TO The Comptroller OF the Currency by tho socre
lay o. the treasury suitable rooms IN the Treasury bull
uhg y" CONFUSING the business Of the Currency Bureau
III which shall n tad and tre-pioOr vaults in
Nlch shan bu the duty of the Comptroller deposit
ana faIey Keep all tho plates not necessarily In tho pos.
essio of ehsverH or printers and other valuable bings
belonging to his DerArm menti anl the Con pror shall
from ne to tinu furnish the necessary hrnure ainie
try, fuel lights and other proper ciuv gnienrps Tor The
Transaction OF The said business.
ses ! And be il further enacted, That thu term
uhteu states bonds as used in this ac shall bo con
sruod 10 meHn nl registered bonds issued or that
may hereafter ba issued, the faith of tho United
ssei by Secretary OF the Treasury ia pursuance Of
law.
Sc 8 AMI BE- further enacted, That associations for
carrying on the business uf mas bo formed by any
number Of pes MS not less in thsn nvo who shall
enlsr into articles Of association which shall spefy in
Eeneni tria tue object fJr which tho aton is 5rin
3D. hhu may ronnin any Other provisions inconsistent
with lhe provisions nf this act which the association may
40 ~ 9 adopt for tho regulation OF thp business nf ths
association aud The conduct Of its alirs which said Art
rrs shall he signed by The persons uutng 10 form iho
As40alAon and copy OF them forwArdud to the Comp
Cer OF tile Currency to be filed and proorved In his
liics.
sae- c. And b, Il }arih,r ,nacted, That III, persons
lhhi 10 iOrm tnch an AssoeiAtinn shall undar thuir
hands, make m organization certificate which thail
specify
flrst The aamo assumed by such association, which
naae shall DO subject to the approval OF Tho Comptto
Second The rare whore lis oporallons discount aud
deposit are to le carried designating tho state Terri
Tory Or Dirie aId also thpdartiular county and city,
tuen, or village.
Third The amount Of ils capital stock, aud ths
nanbef OF shnrcs into which thu same shall 10 ditl
fourth The names and places Of residence OF the
sliro dar and ihu number of shares hold y each Of
them.
tilh A declaration that tnii carliGealu Is made to
'Ale such persons To avail Themselves ot The advantages
Of this net
TAs certificate hall DO acknowledged bofore Judge
o some court ol record or notary puhs, and such e.it
re with the aeknowgis isinout thereof authenticated by
Tue seal Of such court notary hall lo transmitted to tile
CompiIo1r Of ttc Currency, WIN shall record aud
My preserve Tho sane in his ole Copies uf sush csrl
n'iie ny certified y he t0npO lor and auhenti atcd
by Ills teal Of uee shall osal aud sucunt evidence
ia ail courts and places within thu United states or the
JlrsirIan Of Ihn Goyernmtnt thoHoi of the of
such asoclon aud 0t every matter or thing which
could hv proved by the production Of the original cerh
SEC. 7. And D. II CtGer enact D. Tint no association
sha be organized under This nci with loss npiial than
unr hundrrl ihousand dours IN city wkU opula
on exceeds y tLpussn persons, with ass than
ta0 hunditd tl0a'and do lars: Prorl9ed, That bAnks
Wih rapiin OF not less Than tny thousand plar NAV
wil tue approval VI tho Secretary tue rolsury bo Or
kAl4 ~ any pafs hI population oil wLieh does not
Ted 4is tbout,iil Inhabitants.
s. And be II turihsr eHdciad, That every Assoeia-
Ton iormei pulsal T. tho PROVISIONS Il this aet hail
pu le date u The exeeulion OF lis organization corid
'ap le body cnlprae, but shall transact business
ssrep such may Ia incident 10 Tvs organization and
neGtearily preliminary, until authorised ny tho Comp
lelet u Tie Currency 10 eomntnce the bus Of bank
Ns S4eh Ash9rAlion shall have power tp lopt cOrO-
las 1851 and shall syt sueahph by tbs nalnv designled
It's organization certificate Tor tho period Of twenty
}Ms ih ia peaaalph uhlehH sooner dissolved arrorI
lns ola provisions Uf MS articles VI aon o. the
ae' ~ saiehulders owning two thirds VI sock
nhcss Tue iAhelha shall bg Uftltd by violation Ol this
as by such ntno u may make acts, sue and be
su complain and doond in any oT law eluitJ
Us July lniuIal IL nby elect appoint uire
lprsi anu by its hoard 0f directors Apront president
Fcs resien raslur aud other oilcOrs, etre their du
les require landA Of them, and liz tho pInaly thereof
dniss raid officers any tholn At p d sud appoint
ofH tn hll their plhuuH and exercise under ali
,le insdnia poNes as shall be- LoaussaTy 10 carry
'ho hutihta vi lanAuB by disconnting nnd lGhOimns
mssOry notes. drafts, Ills vi exchange, aud uthrr owl
ncs Of dbi by Ureivng deposits; ny buying aud sell
las exchange roin aud bulln ny lOaniug money Fer
aa Aueu!ity ny ubtn. issuing, aid circulating hots
iolds 70 tho provisions of thia act; and It's board
fseIola shall also have power dsuO rcgult by
AWa not intonslalont win the pro9is ouB vi this He
e manner In which It's stock shall be transferred its
us Tors eecled or appolled, ita officers appointed It's
property transferred, s general business cOnduete and
an hu privileges granted Ny this act Dassoeia titns organ
i under snail be xercscl and enioyd aud It's usual
gnesl shall be Transacted at Oes or banking house
'i'vd n tho place specified in its organization eortii
glie.
spe o. Aad b. il faraer enuciei, That tbp Air.irs of
s,ey sasovlon shall bu managed by not luss than hve
dlteeera, uno OF whom shall 10 tho president Every
l'eeNr shall during his whole uriu oi service, ha cit
oi THE unol satsi and a least lhieaiourhs Of the
9OTs ehtl hAY1 rssiud IN the state Territory dis
INST ~ which such asset ialiCn Is located yiar naxt
pvOng their eocun directors. and bo residents OF
,hn hmO during ihelr continuance n Oico. Each dio
E ela own, in his cwn right at least ten shares of io
iAil stock ul tbs association OF winch ht is Director
A.tn lr.nr, when apunted o. elected, shall take an
Si lhht llH Will so far as tho dnty doyOyaa him, u
9eay 4Hu honestly BunnsoF tho Affairs Of such assori
.sn aud VIII not knowingly violate, willingly perit to
% violnel amy Of tho provisions Of this act aud that lie
lhs bona de owner In hlsown right thu nnnbor OF
flalp Of stock cluied by this act ibpd by h or
Elalang In his hume The books OF Tho association and
hat tho sand is not hypotbaatsd OF n any way pledged
htstury iof any loan or debt which oath, Rubsertoi
~ him,eli, and certl by the officer before whom H is
lahen shall be immediately transmitted The Comptroller
0ilet.
See 10. Aad bs foiLer eaac,, That the directors Of
S association htst eseed or appointed shall hold their
laees until their shall ba Uot tod aud qualified
Alsnbsaquent elections sh be held annually such day
N le month of January may be- specified in tbs articles
assocatoni and the directors 10 elected shall hold
or places tor one year and until their successors Ere
elected and qualad But any director eeasng TO be this
uSher OF Tie REQUESTS amount Of stock having 10 any
Ilef M manner become disqualified, shall thereby vacAto
h place Any vacancy In The board shall ba hed BY APP
on'nsnt 6y ne remaining directors and any director
appointed snail hod Ills place until tho noXt election
II from any cause an election OF dir. tors shall not he
ade at lho tme appointed tho association shall not for
uat Gauss Do u.soNed but an eleci0n may ba held
Any subsequent day, thirty days notice tieroof u ali
sea having been gven In newspaper published in tho
ey town, or county IN which tho Assura,iou Is located
aud II no newspaper is published In city, town. or
county such notice shall he published In newspsper
Published nearest thereto. II the articles Of association
DO not fix the day which tho election shall 10 held
nr the election should not be held tho day liked
lhs lay Tor the election shall be designated by the
Board Of directors iu their bylaws, otherwise PRO.
led That II the dirrel0Ts fail to x tue day.
may
see II. Aud De II farther enacted That in all elections
aec9rs and In deciding oil questions AZ meetings Of
nAvolle each shareholder shall ho entitled to vote
~ e1eh share OF stock held by him. Shareholders may
osby Proxies duly authorized in wrngi hut oicer
h teller or hn0kkeeper Of such association shall act As
hAy aud no shareholder whoss liability s past due and
unpaid shall be allowed To vote.
seS scs ~ And Be i further enacted That the capital
huck OF f,r,oan fta