Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-08-18

in newspaper published neares
Sec. 49, And be it further enacted
That all transfers of United State
bonds which shall be made by any as
sociation under the provisions of thi
act shall be made to the Treasurer O
the United States in trust for the as
sociation, with a memorandum writ
ten or printed on each bond, and sign
ed by the cashier or some other office
OF the association making the deposit
a receipt therefor to be given to saic
association, or by the Comptroller O
the CURRENCY, or by a clerk appointe,
by him for that purpose. stating tha
it is held in trust for the association
on whose behalf such transfer is made
and as security for the redemption
and payment of any circulating note.
that have been or may be deIivere,
to such association. No assignment
or transfer Of any such bonds 10y thu
] Treasurer shall be deemed valid or o
binding force aud effect unless coun
.ersigned by the Comptroller Of the
Currency. II shall be the duty of the
Comptroller Of the Currency to keel
in his Office book in which shall bt
entered the name of every association
from whose accounts such transfer.
of bonds is made by the Treasurer
and the name Of the party to whom
such transfer is made aud the. pa,
value Of the bonds so transferred shall
be entered therein aud it shall be the
duty of the Comptroller, Immediately
upon countersigning and entering tho
same, to advise by mail the association
from whose account such transfer was
made Of the kind and numerical desig
nation Of the bonds and the amoun,
| thereof so transferred.
Sec. 90. And be il further enacted
That it shall be the duty of the Comp
troller of tho Currency to conutersign
| and enter in the book, in the maune,
aforesaid, every transfer Or assign.
ment of any bonds held by the Treas.
urer presented for his signature /; and
the Comn.:ollcr shall have at all times
during Office hours access to the books
OF the Treasurer. for the purpose OF
ascertaining the correctness of the
transfer or assignment presented to
him to countersign and the Treasur-
er shall have the like access to the
book above mentioned, kept by the
Comptroller, during Office hours, to as
certain the correctness Of the entries
in the same and the Comptroller
| shall also at all times have access to
the bonds on deposit with the Treasur.
or, to ascertain their amount and con
dition. 1870 .aa-#ss..r raa:" Z d
Sec. 81. And be it further enacted
That upon the transfer and delivery
of bonds to the Treasurer, as provi-
ded in the foregoing section, the asso.
citation making the same shall be en-.
titled to receive from the Comptroller
of the Currency circulating notes OF
different denominations, in blank, reg.
istered and coGntersigned as hereinaf.
ter provided, equal in amount to nine.
ty per centum Of the current market
value of the United States bonds SO
transferred and delivered, but not ex-
! ceeding ninety per centum Of the
amount of said bonds at the par value
thereof. if bearing interest at rate
not less than five per centum per an.
nun; aud at no time shall the total
amount Of such notes, issued to any
such association, exceed the amount
at such time actually paid in of its
capital stock. ars.s. . ..... ID. s..
Sec. %. And be it further enacted,
That the entire amount of notes for
circulation to be issued under this act
shall not exceed three hundred mil.
lions of dollars. In order to furnish
suitable notes for circulation, the
Comptroller of the Currency is hereby
authorized and required, under the di
recton OF the Secretary Of the Treas
ury, to cause plates and dies to be en-,
grayed. in the best manner to guard
against counterfeiting aud fraudulent
alterations, and to have printed there.
from, and numbered, such quantity OF
circulating notes, ia, blank, Of the de.
nominations Of one dollar, two dollars
three dollars, five dollars, ten dollars
twenty dollars, City dollars. one hun,
dred dollars, FIVE hundred dollars. aud
one thousand dollars, as may be re
quired TO supply. under this act, the
associations entitled to receive the
same which notes shall express mp
on their face that they are secured BY
United States bonds, deposited with
the Treasurer Of the United States BY
the written or engraved signatures o.
the Treasurer and Register, and By
the imprint of the sea! Of tile Treasu
/ ry aud shall also express upon thei
face TIE promise of the association re-
ceiving the same to pay on demand
attested by the signatures Of the pres
ident or vice president and cashier
Aud the said notes shall bear such DC
vices and such other statements, anC
shall be in such form, as the Secretary
Of the Treasury shall, by regulation
direct: Prorided, That not more thai
one-sixth part OF the notes furnished
to an association shall be Of a less de
i nomination than five dollars, and tha
after specie payments shall be resum
! ed no association shall be furnished
with notes of less denomination thar
Eve dollars. a8H "
! Sec. %. And be it further enacted
That after any such association shal
have caused its promise to pay sucl
. notes on demand to be signed by thu
president or vice president and cash
ier thereof, in snch manner as to max,
! them obligatory promissory notes
payable on demand, at it's place o
business, such association is hereb,
authorized to issue and circulate th,
same as money !; and the same shall
be received at par in all parts Of th'
United States in payment of taxes. ex
! cises, public lands aud all other duel
4 to the United States. except for duties
on imports and also for all salaries
;. aud other debts and demands owing
by the United Statesqto indiv iduals
! corporations, and associations within
the United States, except interest OF