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

stock. W s''-'' VI ''''e 'e's' ''s '"p''A'
Fec. 49, and De II further ende,sd That no asso iaop
81 any member therao SHALL during the time shell CON
Hnne lA Dlnking operations, withdraw or permit 10 L,
Withdrawn uh0r IN form Of dividends or otherwise an,
portion Of It's cap"l And oss II at any time
pe sustained Dy aoy such association eqna to or dxcee
ing its undivided profits then hand no dividend sha
bs made and dividend shall e,or DO made BY any as
sOent0ni while 1t iha continue hanknR
an amount greater than its nett poata then On hRnl he
duetinf hororom iia los and bad debts And ali debis
duo to any ociaon on which inilest is nst ds AMI
unpaid for re9d OF SIX months, unless The sans sal
10 well teeurei and shalt he In proce collection shall
~ w. sSesa % Nd asbs Within the meaniug Of this act
f7pp'Ged That nothing In this soctiin III pfoVtnt the
reduction Of ths capital stock tho aAsocia N under the
Thirteenth section uf this act.
See 49, AMI be Further enaftd Tint no associatl IN
sha ~ any 'ims ray out on loans aeounts Or pur.
chasing dalls or bills OF eschan o. or In nayaent Of d.
po or ~ any oher mode pay put in circulation The
oes oi any pahk or bAhktnB association winch shall rot
az any such tine bo receivable at par ON denoat nnd In
pa mont Of dobts by the association 40 paying out or cir
euAnnB hueh nolesi nor hall II knowingly nay ont or
put n circulation any noles issued By any an or
association which al tho time of paying ou or put
n ~ circulation y not redeoming ita circulating notes
IN lawidl money OF tho Unl'e states.
Sec 40; aud De il Jnrilr eaacld That tho don't
shd cashier OF every such ass0el 1n shall cause to hc
Kept az an Times foil aud correct st Of tho names and
residences Of all tho Shareholders In the Assealjon and
The number Of shares held by each in the oee wse ils
business - fansaeeli aud such list shall ln subject 10
the inspection ofa tho shareholders and rrdrr az tha
association, and tho officers authorized To assas tax un
der state authority, duripg business hours of pach in
hsi business lAy le legally Transacted and culy of
such list on the first Monday July In each year verified
w tne "a pam q surh president or c.aher, fht be
United 60 ths CnnptrDller Of the Currency
her ~ dnd De FURTHER enGcfsa That The plateg and
special dies 70 10 prcnrd by tha Comptroller Of tho
currency ior the printing Of such circulating notaa shall
reniSn under his control aud direction and to expess
necessarily Incurred in executing tho provisions Of sast
Respecting lilo procuring Of such nu0r and ali nthor x
pensos o the BUREAU shall ba paid cut VI tho pr0rvos of
e taxes or duties nov or hereafter 10 asspssll on M
circulation aud collected from assncla, ,,s nvss,ss
under this act. Aud In llou Of all txBtiug te eveyy
assoraton shall pay to this Treasurer II tha unol state
kpnr lrnu anla H..
ay of January eighpan bundled and .ix v tour upou
hs average amount o s notes in circulation and duty
vt ohequarie nf ono per Gsntum each half yoar upnn
tho average amount OF It's deposits ard dnty uf 1ns
quarter OF one per eenum each half year A. aforesaid on
amount invested n Unitid States bond;i and Ia casa of
default IN the payment thereof by any association the
uulies aforesaid may 10 collected In tho mAnner pogd-
ed for the eolso0n Of unltel States duti or oer eor
poratons, OF the Treasury may reserve s amount OF
sAi dntloa out OF the Interest, il may scnn ine an
me bonds d'posod with him by such dtflulng assoela-
t0n Aud IL shall ba the duty Of such association Ntth
IN Ten DAYS from tho rht day OF January aud July of
vacn year 70 make return, under tia Ohh lis ue,.
denl or eaahler tl tha Treasurer ofo untal sts ia
such trn as ho may prsele Of the average amount Of
s nu's IN Circulation and OF ho average amount OF Ms
uspotits and OF the average amount Oila cAnin STOCK
beyond theamountinvs In United States boads tor o
~ months next plecelng said first days Of January and
July as aio eald and In default Of ouch reiufn and
each default thareo sah iAulting ASSOCIATION shali
dret dollAs 10 ba collected either out Of tho nirtt
may become duo sne association on thu bon deposited
which penalties to hs collected ,f other sor nrations
under Tho laws OF the United States and In case of trh
d. a tho amount Of the dutio. 10 be paid by srch al.
ISOLATION thtl be snessod upon the amount OF notes de-
lvelei 10 such asociaton hy the Complrnler oil The
Cnirency and upon tho hi chest amount its depois
ahd capital soea, to be aseiluod in such other manner
ns the Treasurer may deem bas; Pr1eied That nothing
Ia ths act shall be coniruod to prevent ali the ahaes III
any oi s said associations, h by any persnn or body
corporate fiom being included in the valu4ton OF the
PERSONAL IropertY OF such person corporation in thu as
o. taxes imposed by under Stats authority AT
tue place where suen bAuk located and not ewers
but not nj greater rata than Ia aAtsed upup oher
noheyed eipltA a the hands o. individual citizens of
such siate Pfopided further That the taxos SO imposed
under the lawso any State upon shares Of any ofa
associations authorized by this act shall net exceed tic
ats imposed upon the shares IN any OF the banks or.
ianzed under tbs authority Of the stats where such d.
eislion Is located Ffoiid ais, That nothing in this
.et sa exempt the rel estate Of from etha
state, county, or municpl t,xes tho same extent A.
'ogding to its value. az other real estate is taxed.
Sec ~ Afld be if afIrileF tHqciel THAT niv nssra
ion may 50 into liquidation and be CLOSED by the vot Of
W shareholders owning twothirds ot its stock And
whenever such vote shall be taken 1t shall he the duty of
ne board oil directors to notice this fact to be
erlcd, under the Of tho associt alton by it prs
lent cashier to ths Comptroller OF tho CuTrency snd
thereof 10 he NJ ,de for period two months
a newspaper published in the city Of Now York and
IHl IN newspaper published in city 10 which
9ub then In the newspaper pubsbedn Arrest thereto
hat said association is closing up Its affairs, and notify
ng lhs holders Its notei and ohor creditors present
he notes and other claims against hs association for
ayment And at any tins alter the expiration Of oae
ear from this tne adjudication Of such notice aforesaid
10 s assocauon may ply over to the Treasurer OF the
lheu states The am unt OF It's outstanding notes In he
awful money oil the United Slaas and take
men said association has ou dsposite with tho Treasurer
N the security OF It's circulating Totes; which bonds
nail DO Assisnod to tho bank In the SPECIFIED in
~ tsenth s4eton q ths act and irom that the
aisanans notes q said association shall bs leleeod
on and the sharehodors thorsof shall bs discharged
rom all liabilities therefor.
Soc. 49, dnd be Il further eHacied That the Treasurer
II receiving from an association lawful money the
ayment aud redemption Of It's Outbtan Ting notes as pro
ided Tor IN tho precedng section Of this at shall
ute dupcAe ieelts therefor ono to tho association aud
be Comptroller Uf tho Currency stating tho amount rs
'ivei by him, aud the perplis fr which has boln
acevel VIII eh amount shall bo paid into the Treasury
he Unei states and placed to Tho credit ass5a
nn upon redemption account. And it shall bo the duty
the Treasurer, Whenever ha shall ralasm Of the
oss Of said association, To tho samo to b mutt
lted aud charged to the redemption account Of said
,eiatlon and all nutus redeemed by the Treasurer
hall every three months, bi certified to and burned n
40 manner prescribed in tho twonyourth section OF
ala act.
Soc. a. And 6s il farther cnaesd. That any bank In
'rpotated by special law, or by any banking institution
fgau zed under general law Of any stata NAV by an
lvrly OF this act, become National aion under
prOvtaunF, by this prescribed In its organization
irtihese and In such the articles OF association
al tho organization certificate required by this aet may
eiuled by majority Of the directors Of tho hank ur
Ankins instituoni and sad certificate shall dacllra
lthnrizsd the directors to make such certificate and TO
lan5a and convert the said bank banking hslttutinn
itn national assoeia tlOn under this Aud na-
W ol la uirerlors after oAseutng sil articles of as
'claon and organization certificate, shall have power to
Aecutg h other papers, aud tu do Whatever may 10 a
ured 10 make US organization perfect and complete
national association. HE shares any such bank NAV
lrVW warn / ii
1iofe said conversion and the directors Aforesaid may bo
directors uI the association until oh5r arI eced or
lpoihted ln accordance with tho provisions Of this
nd any state lMnk wbiih IL stocklOlder u any other
in by authority Of State laws may continue 10 hold
stock although either bank both, may 30 organized
ndOr and haV0 accepted the provisions OF this act
ihen the Comptroller shall givs to Bu'h association n
,rlileae, unddI his hand aud official seal that the mo- Il
siOns OF this act have bHun complied with and that
authorized u commence the business thanking undor d
the oeiation shall have the same powrls aud priy n
fsa aud shall hs subject to the tae duties rss,onh
Ia
t for other associations orr snzHd under IT, aud shall To
tld and garLe as nn assecation under tbis et pa
dei, hgpspcr That such association shall have Ii
sa capital than ths amount prescribed for banking
ieiAtiunH under thid act NJ
under this act wntn designated for purpose by
no Secretary Of the Treasury, shall ba pOsitarlss OF
ubllc money except receipts from rulums und suah
isnlauns may ba prescribed ly tho Secretary ani Of
10Y may also la employed financial senia Of lhl
overnmenti and they hall perform reasonable is
ltoy, deposares OF public moneys aud fin ueiai ii
,ents OF tho Government as may bo required f them
nd the Secretary of tha Treasury shal require OF this
sOatlOns thus designated satisfactory seaury y lhs
ip0sit Of United states bonds and otherwise tho safe
,jpng and prompt payment OF tic public money do. a
'sited with them aud for the faithful performance OF
eir duties as nuaneia agents U tho GOvcrnmOnl Pro-
ded, That eyory association which shall bo aud
sslgnaied as eiyvr dep0sAry ofths public money
ia take and receive ut par all Of the natl nal currency
s by whatever association issued, which have beei n
aid In to the Go'ernment ior internal revenue, for
inns or stocks !,
Fec, 49, AAi Le il further endcied That II sny such
soeialion At any time fl to redeem, 10 tho lawful ii
vhNJ Va 'ho VI lth nOlth
hen payment thereof shall bu lawfully demanded dur
g the useal hours of business, al the nieo VI such as
eAilJni or at its place Of rsienpiiOa Aforesaid the u
lldtr may osu'e ihi stma 10 ba pfoteso In pack
10 by DOtary public unloss tho Oi1en cashier Of
10 asst eiaon whose hotgs pfossntol payment
president or cashier Of the association la place at
heh they are redeenlbe, shall offer to wall W demand
I'd notice OF the protest. AMI Aa pnraues of such
fs make agn, and deliver to ths party making such al
enAnd an admission In wrng stating thu time Of the il
maud tue amount d0mandel and the ast of the nou.
,ymsn lhereofi aud such notary public, on making liz
lrh protest. or upon reetving such admission, shan ST
fhwih forward SUN admission or notice Of protest to
Comptroller of tho Currency retaining copy there b
An1 afor such default on examination OF the facts OIL