Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-05-28

faithful discharge of the duties of their offices,
respectively.
Sec. 4. And be it further enacted, That
said corporation may receive on deposit, for
the use and benefit of the depositors, all
sums of money offered for that purpose: Pro-
vided, h0Uccer, That it shall not hold at the
same time more than one thousand dollars of
any one depositor, other than a religious or
charitable corporation. All such sums may
be invested in the stock of any bank incorpo-
rated by Congress, or may be loaned on in
terest to any such bank, or may be leaned on
bonds or notes, with collateral security Of
the stock of such bank at not more than
ninety per centum of its par value, or they
may be invested at the public funds of the
United States, of the several States, or loan
cd on pledge of any of said funds, or inves-
ted in loans on mortgages of real estate:
Prorided, That the whole amount of stock
held by the institution ut one time in any
ono bank, both by way of an investment and
as surety for loans, shall not exceed one
half of its capital stock of such bank, and
that not more than three quaraters of the
whole sum deposited in the institution shall
be at any one time invested in mortgages of
real estate. The income or interest Of all de-.
posits shall he divided among the depositors,
or their legal representatives. according to
the terms of interest stipulated; and the
principal may be withdrawn at such times,
or in such manner, as the corporation shall
in its bylaws direct.
Sec. S. And he it .tarther enacted, That
no officer, director, or committee charged
with the duty Of investing the deposits shall
l.
except in payment OF the expenses of the
corporation; and if any officer, director, agent
or other person connected with said bank.
and interested with the funds or deposits
thereof, shall embezzle or fraudcntly convert
the same 10 his own use, he shall be deemed
guilty of larceny, and shall on conviction
thereof, be imprisoned in the penitentiary not
less than one nor more than ten years.
Sec. z. And be Il .fanher enacfed, That
the subordinate officers and agents of said
corporation shall respectively give such sccu-
rity for their fidelity and good conduct as the
board of managers may from time to time re-
qurire, and said board shall fix the salaries Of
such officer and agents.
Sec. 8. And be 1t .jMythcr enacted, That
the persons named as corpora,ors in the first
section of this act shall be authorized to meet
and organize said bank by the election of
one of their number as president, and one as
vice president, and thercupon shall proceed
to elect such persons as they select, not herein
named as corporators, to be added to their
board of managers, so that the whole number
of trustees, or managers, including the pres
idcnt and vice president, shall not exceed
nine persons.
Sec. 8. And be it .tarAer enacted, That
this corporation shall make an annual report
to Congress of their funds and investment
Said returns shall specify the following par
ticulars, namely: The number of depositors; {;
amount invested in bank stock and deposited
in bank on interest; amount secured by
bank stock; amount invested in public
funds; loans on security of public funds !;
loans on mortgages Of of real estate loans
on personal securities; amount of cash on
hand; total dividedns Of the year; annual cx.
penscs of the institution all Of which shall be
certified and sworn to by the treasurer; and
five or more of the said board return is correct
according to their knowledge and belief
Sec. 8. And be IL further enacted, That
the books OF said corporation shall, at all
times during their hours of business, be open
for inspection and examination TO the Comp
troller of the Currency or depositors.
Sec. 10. And be 1t further enated, That
said corporation may make bylaws for the
more orderly management of their business,
not Repayment to law; may have common
seal, which they may change at pleasure /;
that all deeds, grants, covenants and agree
ments made by their treasurer, or any other
person by their authority, shall be good and
valid; and said corporation shall have power
to sue and may be sued, defend and be held
to answer by the name aforesaid.
SEC. II. And be IL. further enacted. This
act shall take effect and be in force from and
after its passage.
- A gentleman was going out one day in
his carriage. to call with his wife. when he
discovered that he had left his visiting cards.
He ordered his footman, who had recently
come into his service, to 60 to the mautle-
piece in the sitting room and bring the cards
lie should ere there. The servant did as he
was ordered. retaining the articles to BE- used
as directed, and off started the gentleman,
sending in the footman with cards wherever
the mot at home" occurred. AS these were
very numerous. he turned to the servant
with the question. :" How many cards have
you left - "Well, sir" said the footman