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

may select to examine And cs,en ~ S1 m M ,,
III p'oss9l ihe Comptroller ard the accounts Of Ii,
treasurer eshcate setting forth The rept kinds and
w. amounts thereof and that the same are III the posse
u custody OF the Treasurer at ths date of sush GER
.nuA.s surh examination may be made hy oleer q,
agent OF such association duly app inted In writing f
ra purpose, whose certificate before mentioned shall bu
ol le icree and validity as ii executed v eeb
o. eascr and duplicate signed by The Treasurer Nh
uofulalnei by the association.
SIC 49, and be Il TuFLler ega, tsf That thu to,. ts
fied 10 anu deposol with the 1ressaror Of t iJnitsI
states az hefonbeI1ro provided by any banning assnel
on 'r ts ,1eurity Oi its rred ang nn, s.iI ba NAN
exclusive or thai Iurposu uuil sch nors ebst h M
esoo, except as provided In this act; bnt tbs Conn
uoiler OF Tie Currency shall eye ia anv sneh bsntI
association powers attorney 10 ,ereys AMI
" is own use The noresto tho bonds hrh sia haye
70 transferred 10 The Treasular Inf Aeh nausYs thaiI
imperative whenever such banking association
suh lAii 10 redeem Its circulating notes Al afosaid
al VIII ~ Hs sEet or cash value Of any bonds deposit
sna 70 Reduced below tho amount Of e circulation s,
g sie' ine Comptroller Of the Currency hoieby
probation in other United states bonds Al rsh y,nn ar
,yIsf' IRON ,le assoea'ion receiving ad be to ba
uposlted with thu Treasurer Of the United Slaas a. nr
an F'nh depreciation continues And said Comptr,lI.r
upon le terms prescribed y Tho Secretary of t6e rrea
u,y may lnrnlt ~ exchange 10 10 made Of any Of the
n9hhs hrp1sa with Tho Treasurer by auy asslri1nn L,r
ner honda OF tho unitel saios authorized y this ac Ia
p rnrN"l ~ lecurity for circulating notes he shai b,
u "pnlua that such exchange can le nlas 1yllIi
prejudice to The United States, aud hp may direct u n,
.uiu 81 any ni said bonds To hp hiking association which
td dollars ufou tho surrender To him an Tho clnro Ia
" y W, lullhhAtN amount II
,ru,'u ~ ll'l llis remaining bonds viii shall have been
.ia ruu by the banking efiDs 10 siirreur
hol's shAll DO Slua u tho Dr
lhu circulating Ous mt surrendered by slc IAnkln ~
CATION Hnd that ila amount Of bonds in tho hands f liz,
Iiearsr sh9i MT 10 Diminished hollow thn amou6t re
ini'eu i " ~ het on deposit with hm by this act; 4ud
ft"phed lhal there shail have en- M ailue by sush
hs9cinrn to rnieom ia circulating. naoi and nd ther
NWinn ny such association Uf tho pr1yisi0s nf thu a
nhu lhll a market cash vAluu OF the einAininJ L,n
Issued Tor the same. i'
fur. NJ And h. il f,,Its,. ,,,,s,.r mn
lAhin rr any ucer acting under tha pryis1a nf thi
ast to ruulisisn or deliver amy assosution or II any
n%r % sampanS o person, any circulating notes eonten
i ~ i's hu exrpt ~ hufuinbviOro provided, and Ia
aeeYaihve WIN le true intent and meaning OF This act
Ahd any "rpr who shall vualo tie provisions AZ fbis
strlioh shall bc deemsd guilty Of high nirdn,naano AMI
pn convection thereof shall he punished by fpe mi Az
el' dns double the Amaun signed and elyars
hh la1hlhsil moi less than and not exoeing
h'uh years al tho dnoioOn of The court In which b,
| shall ba fried. | ~ 1t"
see %, AadJe il further ,actef THAT II ,h,ll bs l.,s.
real ustAlu us follows. ~ ' 'ey
First Such alall be necos nry for its i,o,aeliai a
eohfhuia'i"h IN tho lrAbSacion vi il- business
hsond such aa shall he norigtged IL II ~ lnol faith
Dy y wy vi ieeurily for debts previousy rOntricod
rhrd sutl al shah ba conveyed 10 il In s,tisT.e.
uh al debts lreVi, usy contfattrd In cuursh lis ol
fourth. Such as 1t sLAll purch,.e al saloa ,,ndsr
yulsmeRl. I6eIees, mortgages held ly such Ataen
IGN or thall pareise To s9suiv dbls due to said asso.
such association shall purchase Or hold teal estate ia
NY nu'r any other purpose than aa specified In
90" thvI Nn slhll u nid tu Possession ul ANY real
sn"' 9urf mortgage or hold tho title and possession Of
any al estate purchased to any dubis uu to ii for
u lotsei eliotl tnam Gvo years.
$50 81, dnd b. Il Turlier cBaf,d That tbn tot.1 li.
,'e' 70 ANY Aaociaun Of any person ui any COM
ps, 1oiIniani or htm Tor monry borrowed, including
~ tn" MnlliieSuiao npAny or ihm the Liabilities Of The
ssrf thereof shall timu exceed uns tenth
plIt a" tho amount h capital stock OF such aasocation
ay.sli3 naid III Prorid d. That the diseoun Of bona
nde bhs oi exchange drawn against actually exisiiig
kdues ami tho discount o commercial or businets peper
au.eHy owned hy tue hIAOn persons alton OF
urn negotiating the shall not bo considered as oev
borrowed. ~ "' Ai'''y |
See 5u iod be falifer ehacel That every s.socI.
oh lnay take eceve, charge on any loan or
mauY 9r upon any nole, bill oi exchange or other
o the state or riury wheie tho hank is locate and
90 hpIs except That where by tho laws VI any state
Her.nl rate Is limited 0r banks OF issue Orgahso under
ssln Laws, tho Ae 50 limited shall bJ allowed fr associs
tunS ,rsanzd in any such State under tlis act And
e NO iato xed by the laws Of tho state or Territory
'hn phk may ake, receive, reseye cir.e ate not
eNredng sme per cenluin, aud such Interest inny ia
he 10 ivAnce reckoning tue days for which the note
nl Or vlitr evidence oi debt as And the know.
insN aRlhg receiving, ryns charging rate Of in
tetsi NoAtr than a0resaid shall to held aud adiudd
otuer evdece Of dobt carries with it, or which has IeJn
hHteeu 10 be paid thereon. And in greater rate Of
Same, or their legal representatives. may roeoysr I,e in
acton u debit twcl tbs amount Of the interest thus
Inu iroln inc association taking or Ioueving the sao:
Ina, surh action Is commehcsd within two yeirs
ts uhe Inc usurious Transaction occurred. Hut the
puessei discount or sale OF bona lido bill OF excb tp
Al another place Than the place OF such purchase
hsehun or sale, at mot than tho current rats OF eR
NhtlAu hsnt ufiifH IN addition tho
interest. A s's'se' f"'o Vi
ser 81 Andle further enact d. That every assocla
en III ho elrS huTolnaler hAmod shall at all times
hA'o ui hand, in lawful money Of tho United States Al
.tAi 70 ~ least twenty-five per centum Of the ng
reEHe amount Ol It's notes IN circulation aud les depoita;
hu tVey rtlnr asst citation shall at all times hyJ on
maud ~ l1winl money OF The United States amount
heen por etnlum of the aggre sata amount
oi s not IN circulation and VI Its deposits And when
ever e lawful money q any association in any Of the
suN hSrehaihf named snail DO below the amount vi
twenty i've per centum OF it4 circulation and denost and
hsnsv ne aWlul money Of any other ocation shall
~ poN Htch per cenlum uf It's circulation and dep sits
such associations shall not Increase It's liabilities by
uklhs any new ois or discounts lhsrwise than by ds
counting or uichasnS hillsO exchange payable at sight
nor make any dividend O its profits until tho required
proportion between thu aggregate amount It's outstand.
g notes ~ Calculation aud deposits and It's lawful money
~ tue unr SlAlas shall be restored: Iropifrd IN Il
leailhs oil sad iteen per cenlum may consist Of bal
nces dua to assoelAOn available fr the reiemo,n
rs circulating nuins from associations approved by the
0omp1llef % Tue Cureuey organized under this act
1ti'SSl sam LOUIS louisville, Chicago. Dbtroit, Mil
wAuke New Orlelnii cincinnati, Cleveland ri.tsburs
Baltimore, ihll'lelrhia, Dosou New York, Albany |
LrAyanwOth san Francisco and Wasljnptnn ettv. ~
pdtd, ufo, That clearinghouse certeatas representing
specie Or lawful money specially deposited for thu pnrIo
- ahy ruarlnsi9nfo association, Shall be deemed % bu
Awh inoliey Ia the p0sasssun any association belong
ny To- such clearnghO holding aud owning such GER
hrAu amt shal bs considered 10 bu part liz lawful
tho luremnB PROVISIONS Vt this section Provided That
NE eliits o. CirleOn aud kehnond may bo added to
ilStol rics 70 Tie national associations u which other
may keep three hilla of thoir lsN tn money!
whenese ia tho opinon II tho Comptroller Of tho Cor
|
" Aud II snail bl competent Tor thu Comptroller VI the
currency to noy any association, whose lawful money
HserVe s aforesaid stall bu below the amount to DO kopt
n hu ~ aioieaa tp make good such iesersOi and u
sich association shall t r thirty du thereafter 80 to
aso tnpi % its ,uv,Vo ol lawll money OF ihi United
alas lha oumpiolr may, with tile concurrence OF the
Secretary VI thd Treasury, appoint receiver to wud p
BUSINESS OF hteh association, provided ia this
sec. g.! And De further enacted That each AssocA.
toi oglnlai ~ any Of Tho cities nllaed Ia the foregoing
eon slal sorl snlJdet to Tho approval vi tue Comp
lr"er o a NlfOny an liaiOn In tho city New
iork, at which il Will redeem its circulating n par
ANA each of :ueh AfAociAcns may keen unu half o s
awful money reserve In cash deposits III the riiy OF Nov
iork And each association not organized within tina
titles named In tho preceding section shall solee biert
h tho approval q The Comptroller Of tho Currot cy an
n either q tho citis named in the preceding
aud Tho Comptroller thlil give public notice OF the names
lf the SO eloeed at which rcrnpluns Aru
a made by tho ASSOCIATIONS and III Rny ehsus
hai may tu msdo Of ho assoatnn M which tho notes of
any association ae redOemot Ii any association shall
Aforesaid tho Comptroller of the Currency may upon 10
teiying satisa trY ovi oncs thereof appiut receiver
In tn ninncr provided nr in this act wind up its at
irs; Prlpded That nahing in this tuti m shall relieve
any association om its liability TO rulerm It's atng
ules at ita own counter at par in lawful money do
urned exstins undor tho provisions Of This ac shall
aho and receive at par for any debt liability TO taid
ifeel oI any aud all notes or bills issued by any
'laton existing under and by yirtu, OF this at
see 10. Ahd be hJurtr enacted That tho directors Of
II, i,end of simutl OF tho nett profits Of the association al
they shall judge expeiirnli hut rne association shall be-
Ahn NNAlhuu " carry One-tenth OF
us nett profits OF Tho wedding half year 10 its surplus
hnd until tp hllue sltl amount TO twohty per cuniun
1t It's capital stock, a
sse %. nd further e1Gc'el That every association
shall make 10 The Comptroller OF the Currency report
according 10 tho form which may he prescribed by him.
Vorial by Ill, oath affirmation Of the president or cash
Ter o such association; which report shl exhibit u de-
M and undtr appropriate heads the resources aud liza
Iitcs OF the association before the commencement of
business tho morning Ol the fir Niondsy the months
Vt January, April July, and Oct Der OF oach year and
shall transnt tho I'M 10 the mptIocf within e days
tn ter AND any bank fAilng to make and transmit
such report shall he subject to penalty Of hundred
iAr VA L.