Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-12-10

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!. a. sar,. q The uSs-i ss.s-. !. p.y.r.s 4 s..e.,
s.es.rs pshhr .s,As. - N sAss tsss - ~ Uniari
Ssase< sse~pf fsr tafirs npsrss; ~ s1ss ~ sn
% ra,,ss sssse. ssa .e ese.S a.ers = .. r.se IL -
in rcdempsion Of TIN national eurrescy. And no sneh
shall isse sss nssss - any sses .oses 10
circulate money h.. .aeA - are ssshosssd b the
forgping provisions Of this srt-
| Sec. u. lad b, further sssefed, That
il shall be the duty Of the comptroller of the curren
cy receive cut os mutilased cisrustine noses
issued by any such banking association, and also,
due proof ofhc destruction Of such circulating notes
to deliver place thereof b such association oshsr
blank circulating notes. after amemosandu~ shall have
such regulations may be established by the comp
trocr. as well all circulating notes which shall
have been paid surrendered % be cancelled shall be
burned ashes in Of four persons to be
appointed by the Sectetary one by the
Comptroller Of tho currency, one by the Treasurer OF
e Of
prescribe. And a certificate Of such burning, signed
BY the parties appointed, shall be made te books
Of the comptroller. and & duplicate sneseS. forwarded
Sec. 25. And BE- It further enacted. That It
shall be the duty Of every banking association having
United States once or ocncr in each fiscal year, and
| at such time times during the ordinary business
hours said officer or officers may select to examine
compare the bonds pledged with the books Of the
comptroller and the accounts OF tho association and
found correct execute TO the said treasurer ccrtf
setting fourth tho different kinds and tho amounts
thereof and that the are in the possession and
custody Of the at the date of such certificate
Such examination may be made BY an officer or agent
ss sSsss s Of
or cashier; and duplicate signed BY the treasurer
Sec. &c. And 6e Il further enacted, That the
bonds transferred and deposited with the treasurer Of
the United States, as hercnbcfore provided, by any
notes. shall be held exclusively for thnpurposc until
such notes shall be redeemed, except provided In this
act but the comptroller Of the currency shall give
any such banking association powers Of attorney to
receive and appropriate to Its own the interest
the bonds which il shall have 50 transferred to the
treasurer but such powers shall become imperative
its circulating notes aforesaid. Whenever the mar
kct or cash value Of any bonds deposited with the
reduced below the Of the circulation issued for
the same, the comptroller Of tho currency Is hereby
authorized 70 demand and receive the amount Of such
in other United States bonds at cash val
NC or in money from the association receiving said
bin, to be deposited with the treasurer o tho United
States as long such depreciation continues, And
Secretary Of tho Treasury, may permit an exchange to
be made any bonds deposited with the treasurer by
an association for other bonds OF the United States an
horixcd by this act be received security for crcu-
ating notes. hc shall he ofopinion that such an cx.
change can be made without prejudice to the United
States. and he may direct the return Of any OF said
same in sums of less than one thousand dollars,
| upon the surrender to him and the cancellation Of
p!oporonae amoan; 81 such SrcS!:nE h0h notes % Iro
| transferred by the banking association offering to
surrender circulating shall be equal to the
smch banking association and that the Of bonds
in the hands Of the shall not be diminished
below the amount required 70 be kept ON deposit with
no failure by such association to redecmits circulating
notes and no other violation by such association Oft
provisions Of this act and that the market or cash val
ne Of the remaining bonds shall net be below the amount
required for the circulation issued for the same
Sec. a.. Aud b M further enacted. That II
snd,, ssons Se this to coansesen Or deliver to any
c"atnx notes contemplated BY this except here
tent and meaning Of this act. And any officer who
shall violate the provisions Of this section shall be
deemed guilty Of high misdemeanoE and ON convc-
double the amount countersigned and delivered and
mnrisonmcnt not less than year and not exceeding
fifteen years. at the discretion Of tho court In which he
Sec. a And be t. further enacted, That Il shall be
lawful for any such association to purchase hold and
| convey rcal estate a. tOllOWS:-
First Such as shall bc necessary for its immediate
accommodation in the transaction Of its business.
| Second. Such shall be mortgaged to It in good
sy way s sSs Ss soSssgsd to in :s
on Of debts previously contracted IN the course OF '
| dealings.
udumeuts dccrees or ortaSes held BY such associa-
on shall purchase to secure debts due to said A.
| sOcintion.
Such associations shall not purchase q hold real g.
tate in any other case for any other than epec
6cd in lhs section Nor sha1 hold the possession a
any real estate under aors.ee os hcd shs e and E pS:
due 10 II Tor = longcs period thsa ave years. 500.
Sec. 90. Had le Il further enacted, That
the total liabilities to any association. OF any
prrson, or persons. OF Of any company,
eorr,r..;on, or frm foe money borrowed. in
cludnr in the liabilities Of . company AZ
firm the Liabilities Of the several membrn
thereof. shah at mn time exesrd or trsih
mart of the amount of the capital stcck of
such as-oriafioa aesuslly paid in: PrS~sds<.
Thai ,h~ discsant Il bsrs fAr hills of ~
chance dra. ae.is.s srs.slly ex;ssiag vsa-
urs. and the dis,unnt ef csnsrsrial - bssi-
mss pares actually swssA By sh> Psrsas -
prrsas. cFp~ssSoa. a. sEm s'esofms sse
..m~ SHALL sst BE- eossidsred - o"sry s~
rDwed
Sec. 70. A.l H. - ysv<Sv essasS. ras
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.ach state ssAs shis 81 AsA shea -
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