Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-12-17

rs2~nspssoa aerssni ef said sseo<isfsm; -
al nosss - rrs-~Bed by the fr~ss89 -
every tkrsr moUihs. BE- c~sti6-d ss3 -
burned in sh~ manner prescribed ID he sUn-
sy-fsursh scrfion cf this acs
SEC "a. Isl I< Il fsrtkey e,srsei. H.
sny hank iseoreosased by sp-cisi lao. =
sny banking institution osgsnised uaAne .
general lz~ cf On. state. nay, By ssfAsk3ay
sf this ACT, b<com~ q national ss~ocissiun -
der iss previsious. by the name pr-serih<d b
is organization certificate; and in such cass
the articles of sssscisfion and the ose.siss-
tipu Certificate required by thi. oct msy -
ex~cst-d BY ua.jori,y Of the directors q shs
bank or banking institution; and said cersi6.
cate shall declare tha: the o~ners of svo-
third, of the capital stock have authwissd
the directors 20 make such Certificate and 70
change aud convert the said bank or bank.
ing institution into a national association
u,.drr this act. And majority Of the di.
rrciors, after executing said articles Of asso-
! citation and organization certificate. shall have
power to execute all other papers. and to do
whatever may be required to make its organi-
cation perfect and complete as national as
socia'ion. The shares Of any such bank may
continue to be for the same amount each -
they were before said conversion. and the de
rectors aforesaid may be the directors of tho
association until others are elected or appoint
ed in accordance with the provisions Of this.
act; and any state bank which is a stock.
holder in any other bank, by authority Of
state laws, may continue to hold its stock,
although either bank, or both, may be or
ganized under and have accepted the provis-
ions this act. When the comptroller shall
give to such association certificate, under
his hand and official seal. that the provisions
Of this act have been complied with and that
it is authorized to commence the business Of
banking under it, the association shall have
the same powers and privileges, and shall be
subject to the same duties, responsibilities,
and rules, in all respects as are prescribed in
this act for other associations organized under
it, and shall be held and regarded as an as
sociation under this act: Pyouided. however.
That no such association shall have less
capital than the amount prescribed for bank
ing associations under this act. 20 $3.50 Is .4ip
Sec. As. And be II further enacted, That
all associations under this act, when designa-
ted for that purpose by the Secretary Of the
Treasury, shall be depositaries of public
money, except receipts from customs, under
the Secretary; and they may also be EN-.
ployrd as financial agents Of the government;
and they shall perform all such reasonable du-
ties, as depositaries Of public moneys and fanan-
cial agents of the government, as may be re-
quired of them. Aud the Secretary Of the
Treasury shall require of the association
thus designated satisfactory security, by the
deposit of United States bonds and otherwise,
for the safc-keeping and prompt payment Of
the public money deposited with them, and
for the faithful performance of their duties u
financial agents Of the government Provided,
That every association which shall be selsct-
ed and designated as receiver or dspositary
or the public money shall take and reesixs
at par all of the national currency bills. BY
whatever association issued. which have beeaI
paid ia to the government for interpaa revs.i
nue., or for loans or stocks. 4a "A 'o-1ie yaaF
Sec. 46. And be Il further enacted. That
if any snch association shall At any time fell
to redeem, in lawful money oi the United
States. any Of its circulating notes, when,
payment thereof shall be lawfully demandsdy
dnrine the usual hours Of business. q the e.
fee Of such association, or at its plaea Of ~
tlemption aforesaid, the holder may cause
the same 4, be protested, in one package, BY
notary .public, unless the prsaidant or cash-
Ter of the association whose si0tes are present.
ed fot payment. or the president or cashier
Of the association at the place 1t which they
are Yedeemablc, shall ,oifer to waive demand
and notice Of the ptoteit. and shall, in pnrS
suance Of such offer, make, sign. aaa rdekvst
to the party making inch demand an a&mis-
sion in writing, stating the time A. Ne d.
mand, the amount demanded: aad he lest
Of the non payment tbsrsof; aud susA ~
tary public, or making such prot~st a. hpoo
receiving such ,ads.issinn, shall fogthvith
forward such admission OF notice At tsa1ooe
tn the comptroller Of the currsn:y: tstaising
a copy thereof. And after such Arssult, -
sxamiaation fshe facss By Il. eooPts,oss
sud aotiee BY him 10 the assoeiatioa. / shan
not be lawful tor the sssseiaeiaa ssGssng 10
same n pay out any of iss aoses a. biIA -
Otherwise pros-esae The hssin~ss e 6aakiaGs
excerpt to receive ssa ssssly keep osny -
longing 10 il. .nA n a~liv~s special drpssi1uss
I PSsr;de1. That i sasis(aesssy psof - -
dscr ts such notary -pshaie that III pag0sue
of any ssch so,ss u ssssrsisA by suds 6qy
esurs af ssmpesess jssi.1irsisa. ssrh ns11ys
p.siir shsn ras pgsarss she sa.~s - -
/ the hsid<v e ss<A sse~s sh~A essx a0s -
as~ ssse - p.rkses ~ tep=.asns~1 - -
ss@e d.y. ke sAAh - sseesss pay ~ -
shas - ps~ee~a
SEC 81. .A~S r. sf fsvs1w sssna h
e. s~es~ssx sS-so< ssss ssy sssh ansciueDn
hs ksa-i % s~4r~~ asy II ~ eiw~ing
.us<sL - $3.50 y ske ssxs ps~es4ize -
sssr- sas e~oyssuiI~ = ~ e3raF. -
sA< caees-rssr< Il sie S>nsasy 49, IT,
~. .sy sppsi-s . ssssiA ae~a II SenD
svsss~s.rss s.~-aisssly rssas-d = -
~ vAssk~s suek ans~csssisa9 - Sueuu9O -