Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-12-10

shzr~eae4<T ss rsar 14rtna-. a3snz< E0'sa
v-rssuzs sntsr- tS~-rs< IN nr~sY~s~ P@a~A-@~H sn1
ef s-.~rai errzizssun m ~ rs-r ~ ez-rr ~n~-r N
s--s~sx-sa .. .i~r4sr4 and ss nS.-FzFrr - p-s-art
IN s-s< ors - euzzts. thra n n~-sp.7~r ~s4.~es@
prsrs th~rru< and Ess lr<s ,A.s tA~ s1-nr th-r
Sa- thsresa. -Ith thr sxf-rn~< - s4seFt-sG-1f -s<
ssl>: and ths eSe---. .As sA.l ~ I.sA ,s q. @s
h.saesf sAzrrAs,A<r. II No esA8~r ran ~ fsznd ~ss
- paw ses -ssh s,sck tAe .s~ss sas tArrT~a d tAs
4s-.cs.isaa and tho Il sAserii~usni sAr. ths
rrrvoasl, ssid shall ~ f'rfsI'rd % tAe ss-
nav ord-r .isAia siI zsanih. from tA~ ef s.sA
forfeiture. and Il not sola shall b. canoened and de-,
Quoted from the capital stock of the a.ssri.son ad
such cancellation aud redsc,ioa ,baIl reduce III.
capital Of the association beo- the miaiInsm of e.
ta required by thi. act the capita. stock shall .'shir
thirty DAYS from the date Of such cancellation BE- In
creased to the requirements Of the act in default o
which a receiver NAV be appointed To close up the
business ofthe association according To the provision,
Of the fftieth section Of this act
Sec. 10. Ind be At further ,naefrd. Tha,
ions Of this act. preliminary 10 the commencement o
banking business under its provisions and before il
shall be authorized to commence business, shall trans.
United states registered bonds hearing interc:,
to an amount not less than thirty thousand dollars nor
less than one third Of tho cop;tnI stock maid
in which bonds shall be deposited With the treasurer OF
the United States and by him safely kent in his Office
until thc same shall no otherwise a;snoscd NJ in MIR.
swomcc NJ Tho nr"w;sons act and The Secondary
of tho Treasury ia hereby authorized 70 receive and
cancel any United States conon bonds and to issue in
lien thereof rcvistcrcd bonds ~ i;kc amount hearing
like rate ofinterest and having the same time to run
and the deposit Of bonds shall be- by every association
increased its capital may be paid up increased
that every association shall all times have deposit
with the treasurer Of the United States bonds to the
oat least onc-third Of its capital stock actual
ly paid in: Pror,ded, That nothing in this section
shall prevent association that may desire to reduce
its capital to close up its business and dissolve its
orgzanation from taking up its bonds upon returning
the comptroller its circulating notes in the proper
A. III.
any excess of bonds beyond onc.thrt of its capital
stock and upon which no circulating notes have been
delivered.
Sec II. And be il further enacted That
vhcncvcr .er,6cotc .hoil b,ye h.or tr.nsm;,tcd IN
tho comptrocr Of tho os nroxdcd in this act
and the association Transmitting the same shall notify
capital stock ha, been maid in as aforesaid and that
such association mas complied with all the provisions
this act as required to be complied with before such
association shall be authorized to commence the
business Of banking the comptrollcr shall examine
into the condition of such association ascertain cspcci.
ally the amount of money mid in ON account Of II,
capital the name and place OF residence Of each of the
directors OF such association. and the amount of hc
capital stock of which each the bona e owner and
generally whether such association has comnl;cd with
all the requirements Of this act 70 cntc i To- in
and acstcd by the oaths OF majority of the
and by the president or cashier Of such association
statement Of all the facts necessary to enable thc
fully entitled 60 commence the bmsncss ~ h,,t;~c
under this nct " ~''""e
Sec. l8. 1ud 4. il further -r,.,.J Tho,
"j md ~ anv ,h"u S.".a o' tue acts SO report
tnowcdoo "f Tho c",nn.Oo may come 10 INC
special Commission nssocat;on or ohs;yvsc =
cpmmcnc" tho hus;m""s ~ hm,; awa.y entitled 70
shall Uvc m sucb .soc; ,n sc compronel
hand and Official seal that such assocot;,n "asr has nus
piled with al tho provisions Of this act required to be
hus;rcss of h,rL;nu undo.; q. ~ - ~ "'.':c wy
nmhorzcd IN comwcnco ,h a;d hs; ";m "ss"cnuon Is
accordingly; and i shall he tho Jnsw os ,Ss S
tion 10 cause said certicate =" ho t,;hna q;
ncwsnnpcr nubshcd in tho ctv ~ o,n, [ ~, s".c .
nssoc;aton ia iocntcd Tor n, y. county wneIe the
ter the issuing thereof Pror;d.S That n ~,
c pn"SsSsa e OF county the certificate shall
"a. I9 InJ =. - t,.,h.. - m,
all transfers Of United State. h"mas e s%aetea INA.
'~aS. ~. ,, s,;.; ". S .scs oonus whch snaii DC
shaM h: "a, So ,h . ~ae .u ""vlsons o!th's ACT
trst Sor tho .ssoca,;o" ;,h ,mc un..ea states IN
or printed on each bond and signed NV thu na.a
some other officer Of the association making tho do,o.
~, hy the comntroiier ~ ~ = ~ ' s",u ass9clat'on
nor,cj Iv h, for tha, ~"o" .;; "r ~ ce!k ap;
In trust for the association on whose hcSaf Sn.h
intion notcs TINT have hcsn W. ,, h sJcn cicu
.mch ossociot;on M ..sorwn,. ~ .s ~ S'NeIc" to
s~ch honds hv tho trcosmrsr sha o o"s o1 sny
Of binding force and effect unless hv ,he
comrtrolicr Of The cu,rcncv 70 I." =; ~ '! q. Tue
book in which shall be entered tho nam" ~ o o U,'o
sociaon from whose accounts such transfsr ~ 'S
il made by the treasurer and the name OF tho ~
whom such transfer il made and the mar yauc nj
bonds transferred shall be entered thcrcin and
shall be the duty of the comptroller nmcdrtnv
countersigning and entering ihe same, to advise nv
ma the association from whose account such trans.
fer madc Of the kind and numerical de sunmtion o
the bonds and the amount thereof 70 transfcsr.S VI
Sec. 20. And be IL further cmacfed Th., !,
shall be the duty Of the COMPTROLLER of the M
codntcrsgn and enter in the book in tho manner afrc
said, every transfer assignment Of any bonds hed
BY the presented Tor his signature and the
comptroller shall have At all times during oce hour.
to the books Of the treasurer g the purpoee
asccrtaning the correctness Of the transfer or
urcr shall have the like access to the bo0k above
mentioned. kept BY the Comptroller, during ofice
hours, to ascertain the correctness Of the entries in ehe