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

1T shall be transmitted 10 the conPsn.1~r a
sh- eurrenev-
SEC al Aa$ l< fsrf1r e.scsei, Tia
the plates an -f-sial dies TO be Proeured b.
the eompsroIler ef the currency fos the print
ing Of saeh circulating nsses shall rcsnais ua-
der his coa,rvl and dir-cfion. and the expc.-
.es necessarily incurred IN execasins shs
proxision, Of this act respecting the procur-
ing ct sa~h rs,es- and al osher sxpsrs~s
Of the bur~au, shall be- PAia out ef sh- pro
ee~ds II the saxrs c~dusses ss~ 81 h<s<.ftel
to b. assessed On the cireulssisa. and eo!lrcs-d
irsm associations a-gan;zcd Endrr this act
Aud in lien Of al existing taxes. every asso-
ciaiica shaIi paw to the treasurer Il the United
States, in the months ot January and july.
a duty Of one half OF one par eeBtum each
hall wear from and aftrr the first day OF
January, eighteen hundred and sixty-fonr,
upon the everage amount of lis noies in cir
culatioa. and duty OF one quarter Of one per
amount of its deposits. and a duty of one
per centum each half year. as aforesaid, on
The average amount of its capital stock be-
yond the amount invested in United States
bonds; aud in case of default in the payment
thcrprof BY any association, the duties afore-
said may be collected in the manner provided
for the collection of United States duties of
other corporations, or the treasurer may re-
serve the amount of said duties out Of the
interest, as it may become due, on the bonds
deposited with him by such oefaulting asso-
citation. And it shall be the duty Of each as
sociation, within ten days from the first days
Of January and July Of each year, to make a
return. under the oath Of its president or CASH
ier, to the treasure Of the United States, in
such form as he may prescribe, Of the average
amount of its notes in circulation, and Of the
average amount of its deposits, and Of the
average amount Of it's capital stock, beyond
the amount invested in United States bonds,
for the six months next proceeding said first
days of January and July as aforesaid. and
in default Of such return, and for each default
thereof each defaulting association shall for
felt and pay to the United States the sum Of
two hundred dollars, to be collected either
out of the interest rs it may become due
such association on the bonds deposited with
the Treasurer, or, at his option, in the manner
in which penalties are TO be collected Of other
corporations under the law Of the United
States; and in case Of such default the amount
of the duties to be paid by such association
shnll be assessed upon the amount of notes
delivered to such association blythe comptrol-
Ter Of the currency, and upon the highest
amount Of its deposits and capital stock. to
be ascertained in such other manner as the
treasurer may deem best: Proridcd, That
nothing in this act shall be construed to pre-
vent all the shares in any Of the said associa'
tions, held by any person or body corporate,
from being Included in the valuation of the
assessment of taxes imposed by or under state
authority at the place where such bank is To-
Gated, aud not elsewhere, but not at greater
rate than is assessed upon other moneyed cap.
ital in the hands Of individual citizens OF
such state: Provided, further, That the
tax so imposed under the laws OF any state
upon the shares Of any associations or any OF
the banks organized under authority OF the
stats where such association is located ffo.
vtded, also, That nothing in this act shall
exemp, the real estate of associations from
either state, county, or municipal taxes to tho
same extent, according to its value, as other
real estate is taxed. a' .-s' ,a''7 ~ .'
Sec. 42. Axd be It further enacted That
any association may 60 into liquidation and
be closed by the vote Of its shareholders own.
ing two-thirds cf it's stock. And whenever
such vote shall be taken it shall be the duty
of the board of directors to cause notice OF
this fact to be certified, under the seal OF
the association, by it's president or cashier, to
the comptroller of the currency. and publica-
tiou thereof to be made for a period Of two
months in a newspaper published in the CITY
Of New York, and also ina newspaper pub
lished in the city OF town in which the asso-
citation is located, and If no newspaper oe
there publ lished, then in the the newspaper
published nearest thereto. that said associa-
ton 10 closing up ito affairs, and notifying the
holders Of ito notes aud other creditors to
present the notes and other claims against
the association for payment. And st any
time after the expiration OF one year
from the time of the publication of such no.
t;ee A Aforesaid. the said association may pay
over to the treasurer Of the United State the
amount Of its Outstanding notes In the lawful
money Of the United States. and take mp the
bouAs which said association he's On dsposss
With the treasurer for the secarisy at iss cir-
rula,iue notes; which bonds shall b. assigned
70 th- bank in the manner speei6sA IN tAs
uiprt~<ush section Of this set. and from shss
time the ossssasdi.g nnt-s ei said sssocaass"s
shalI BE- ssSce1ed q the treas~y of shs
uuised ssases4 snd shr said sasscssissa and
the shsreAsl4rss sherrs( skah be discharges
sru~ "A IssbsIirsrs thesefoss.
Sc. u. 49, y = JsHir e-sss<i. IAas
sA> sr-suusrr. a. spesisine tso~ - sssssrssssus
aeusul uss<x f~ sA< Psy~sus - ssss.s<ssa
al a, s~,s.ss1,sg sss~~. - prsssa~s - ~
the p~~<-dsse seesss. a sAs .rs- ssssh ss~eaas
a.s&e.s< s.<ssvss ss<s~tx. ~s< 10 sAs $500.
~,ss,ss - shr ssk<r % th< cs@psrzs~r q
ss. ~ur~ry. sssrine - smzunf sve.sss1 ~