Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-07-20


such association By ths CompTollsr OF the Car
rsncy, and upon the highest amsunt OF IT'S oe-
posts aud capital stock to b asosrtained IN sash
other manner az the Treasurer may deem Dests
Proridsd, That nothing in this act shall Be con
strued to pre- ct all the shares In any OF the sla
associations, held By any person er bedy eo 90
rate, IRON being included In the ValessioD ~ tns
personal property Of such PEI son or eofpo ~
he asssssnst ~ .sxes irnpassd by Or under State
authoritg At the place whsrs 'uen sank % located
Aad not elsewhere, but not AZ - greasef rae tsaD
is assess ID upon other 0isneyed capital Ia TIE /
hands Of individual citizens Of such state: Pro-
rtdsd, further, That tbs tax so Imposed under the
laws Of any state upon the shares Of any Of the as
sfatiOns auth 5riZed by this act shall not exceed
the rate i1apossd upon the shares ia any Of tbs
banks organized under authority OF ths STATE
Nhsrs such association 10 located: PTovided, dtso
That nothing 10 shis act shall exempt the real e.
tate Of associations from either State. eoanty or
municipal taxes 70 the same extent, according to
value, other real estate Is taxed.
SEC. ~. AEd Il further enacted, That any asso-
tn vote Of its harshslders owning tSo-thiTds Of
Its stock. And when ever such vote shall Do taken
IL shall Dc o duty Of the board Of directors ~
Jfuss notice o. this fact to Be certified, under the
seal Of the alton, By It's president or c&shisrf
the Com pfrollsr Of ths Currency, and publica-
ton thereof to be made for period Of TIVE months
in . newspaper published in the city Of New YORK
nd also IN a BswsDsper publisned IN city -
town in which the association !. located, and IL no
lsNspapsr be there Published, then IN he news
PAPER published nearest thereto that saia Assoeia
tlsn IL closing up its Affairs, and 'tifying the
olders Of fts notes and other cred fsrs 10 prssen
the notes and other claims gainHt he association
for payment. And ~ any tims after tbs sxpiEa-
tion Of one year frsm the time Of the Publication
Of such nstlee Aforesaid, the said assoclatioa
nay pay 20 the Treasurer o. the United States
the amount Of its outstanding notes IN the lawful
mon y Of the Usitsd States, and take up the
beads which said association has on dspssf with
thu Treasurer for tbs security Of Il. circulating
notes which bondssh be assIgsed 90 this bank
in thu manner specified in the Einstssnth section
u this act, aid from that slms thu outstanding
notes Of said association shall be rsassmsd At the
treasury Of the UAitsd States, and tbs said asso-
citation and tho Shareholders thereof shall be dis-
| charged from all liabilities therefor.
| A-es. ~. And be It further enacted, That IN
| Treasurer, on receiving from an association law
fnI money for the payment and redemption Of ia
outstanding notes. provided for In the precedip
sscti N Of this act, shall e1eehte duplicate re-
ceipts therefor, to the association and tine
Jthsr 10 the Comptroller Of the Cnrrsncy, stating
/ tho amount received by him, aud the purpose for
which IL has been received, which amount shall b.
paid into tbs Trsssury Of the United staIss, AAe
| placed to the credit Of such association Upon re-
| demptioa account. And IL shall be the duty o.
| tbs Treasurer, wbsneysr he shall redeem aHy
the notes OF said association, 10 cause tbs same &c
| b. mutlIated, and charged to the redemption &C
| count Of said association and all Hotss go re
deemed by the Treasurer shall, every thre'
| months be certified 70 aud burned In the man
nsr pr seribsd In the twenty fourth sestien Q
this act.
T.
Incorporated by special Law, or any banking Inst
tuition organ lied under general law Of any State
may, By authority Of this set, becems natioBa
| association under its provisions, by the name pre-
seribod In It's organization certificate aud In sucl
.ase the articles Of association and the organiza
ton certificate required by this act may be sxssn
eutsd by majority Of the directors OF the banl
| or banking Institution aud said certificate shal
'sclAre that the owners Of tWo-thirds Of the CAPT
tai stock have authorized this directors TO max
such certificate and 10 change and convert tn
| aid bank or banking Institution into nations
association under this act. And q majority Of tn
directors after executing said articles ~ assoeIs
ton aAd Organization certificate. shall have powe
10 execute all other papers, and TO do whatever
may he required 70 make lite organization psrfse
and cOmpl-t s US q national association. Thu
hares Of any such bank may continue to be fol
the same amount each a. they were before tais
conversion, aud the directors aforesaid ma
elected or appointed In accordance with the pro
Visions Of this act; ard aoy STATE bank which =
astockholder IN asy other bank, by authority 0
State laws, may continue to hold its stock, al
| though either b,nk, or both, may be organizes
under aud have accepted the provisions Of this act
| When the Comptrol er shall give TO such assoeia
ton a certificate, nndsr his han aud Official seal
that the provisions Of this act have been complies
| with, aud that IL 10 authorized TO commence tn
business OF banking under 10, the associations shal
have the same powers and privileges, and shall b
| subject 20 the sane dutfss, responsibilities an
rules, il all respects prescribed In this &C
| for othsr associations organized under II, an
shall be held and regarded a. association uade
this ast Provided hotcsvsr. That no sask assecia
,ion shall have less capital than the amount pre-
| serlbed for banking associations under this aet
Sec Is. aud BE- Il further enacted That all AssO
eiations under this act, when designated for tina
| purpose by the Secretary Of the Treasury, shall b
depositaries Of public money, except receipts fror
Customs, under such regulations - may be pre-
scrbed by the Secretary and they shall psrforl
all such reason bic duties, as deposltares Of pub
lie moneys and financial agents Of the Goysrr
G ment az may be required Of them. nd the seers
tary Of the Treasury shaii require Of the associs
tions TINS designated satisfactory security, by III
deposit of United States bonds and etherwise, f.
; | tla safe keeping and prompt payment OF the put
| tic money posted with them, and for the altH
Eel perts' nance Of their duties as financial agent
Of the Government; Provided, That every assC
citation which shall be selected and designated
rec liver or dcpositary Of the public money aha
taSe and receive at par all Of the national eurrer
y ov bills. by whatever association issued, while
have been paid in to the Government for intsrni
revenue, or for loans or stocks.
Sec. 40 and be Il further enacted That " an
such association shall at any tine fail to redesn
d in the lawful Monty Of the United States, any
!, lie eirouat ng notes. whsn pa nent thereof sha
+ be lawfully demanded, during the usual hours
business AZ the OH Of su association, or at Il
2 place of redemption aforesaid, the holder ma
y cause the same to be protested, In one y ekag
y by notary public. unlass the president easl
q Ter oftho association whose notes pFeaeuis
,, for payment nc the pre-ideat or cashier Of IN
association at the plaos At which they are redeem
abb shall offer to waive de maud and noti's Of n
!, prot at, and shall, Ia pursuance Of such efs
make, sign, and dellver to the party making sue
= demand an admission In writing, stating u
e tims Of the demand, the amouzt demanded, an
the fact Of the non ayment thereof; aud sue
: notary public, or making such protest, upo
receiving such admission, shall fsrthwith fsrwai
such admission or notice Of protest 20 the Conn
s troiler ofths Currency, retaining a copy therso
!. AMI after such Default OF examination Of n
y facts by che Comptroller, and notice by Aim
the association il shall not be lawful for she a.
:, notes. dis cunt any notes or bills, or othsrwl
- prosecute the business OF banking, except 70 r
!, esivs and safely keep money belonging to II, al
to deliver special depoaitss FrovSdsd, That II IN
: isfaetory proof be produced 70 such notary publ
. that the payment OF any such notes "a restrain,
y by order faRy court Of competent Jurisdietiol
: and when the holder Of such notes shall eau
: mere than one note or package 20 be protested g
the same day, he shall not receive pay for mo
than one protest.
, sec. AZ. AHd Be e 6arshsr enacted, That on r,
ceivlng notice that any such association ha. fai
sd to redeem any gifts circulating notes, as ape
. flied 10 the nsxt preceding section, the COM
. troller efth Currency. with the concurrence
4 the Secretary Of tho Treasury, may appoint . spe,
4 iAi agent tof VIII appointment Immediate mott,
z sha be given 10 such assoeiationl who shall in
e medistey proceed to ascertain whether such ass,
citation has refused 10 pay les circulating notes
thsiaNfnl money Of the United States, when d
= manded as aforesaid. and report to the conptro
Ter the IN tso asesrtained and L. from such pro
: test OF tue report so made, the Jomptroler sha
n be satisfied that such association has refused
y par rs renlating notes Aforesaid and is in d
e hnlt, he shall, within thirty days after he sha
have received notice Of such failure. declare a
Z United States bonds aud sesuritis pledged BY sue
association 70. Fitted 10 the United st tes and n
y same shall thsreupon be forfeited aocordingl
It Aut thereuSon ths Comptroller shall immedi ate
give notice in such manner the Seeretary Of a
= Tr asury shall, bv general rules OF otherwise a
rect. e. the holders VI the circulating notss
i such association to present them for payment ,
le the Treasury Of tie United States and the san
e shal Be paid IS presented in lawful money Of N
n United States; whereupon said Comptroller ma,
y In his discretion, cancel an amount OF boni
/; pledged by such association equal at current m !
of kst rates, not eding pAF to the notes PAL,
\ And il shalt be lawful for the Secretary OF q
IRE tsury, ON time 10 slime. TO make such reSs
# lations respecting the disposition 20 be made
= such circulating notes, aft presentation there
" for payment as Aforesaid, and respecting the D.
h petuatioa of the evidence of the payment there
ls As may seem 10 him proper; but all such notes.
being paid, shall be cancelled. And for any d
q feieRcy in the proceeds Of tss bonds pledge
II such association, when disposed Of hereinafs
/ So Gifted, to reimburse 10 the United States q
d amount 50 expended in paying the eirculAtiE
"a notes of such association, the United States sha
& have irst AID paramount lieu upon all the q
sets of such association and such deficiency shs
D. bs made good ont OF snch assets in preferences