Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-08-18
VOLUME VIII.
fPUBIIo--No. 85.l


- l..0a. a4 ..
.b.assG kig PuBLo--No. IS. a1.ses-ra.
AN ACT to provide national curren
ags cy, secured by pledge of United
States bonds, and to provide for th,
circulation and redemption thereof
" BE 1t enacted By the Senate and Hous
Of Representatives Of the United States o.
America in Congress assembled, Tha
there shall be established iu the Trea 9
ury Department q separate bureau
which shall be charged with the exc
oution Of this and all other laws tha
may be passed by Congress respect
ing the issue and regulation of ma
tional currency secured by United
States bonds. The chief officer O
the said bureau shall be denominated
the Comptroller of the Currency, and
shall be under the general direction oi
the Secretary of the Treasury. liz
shall be appointed by the President
on the recommendation of the Secre
tary of the Treasury, by and with the
advice and consent of the Senate, and
shall hold his Office for the term oI
five years unless sooner removed by
the President, upon reasons to DC
communicated by him to the Senate
he shall receive an annual salary oil
FIVE thousand dollars he shall have
a competent deputy. appointed by the
Secretary, whose salary shall, be two
thousand five hundred dollars, and
who shall possess the power aud per.
form the duties attached by law to
the Office Of Comptroller, during a va
cancy in such Office and during his ab.
sence or inability; he shall employ
from time to time, the necessary clerks
to discharge such duties as he shall
direct, which clerks shalt be appoint.
ed and classified by the Secretary OF
the Treasury in the manner now pro-
vided by law. Within fifteen DAYS
from the time Of notice of appoint
. nest the Comptroller shall take and
subscribe the oath Of Office prescribed
by the Constitution and laws Of the
United States and he shalt give To
the United States bond in the penal.
~ Of one hundred thousand dollars,
with not less than two responsible
sureties, to be approved by the Sccre.
tary of the Treasury, conditioned for
the faithful discharge of the duties of
his Office. The Deputy Comptroller so
appointed shall also take the oath OF
oiicc prescribed by the Constif n.:- j,
and laws Of the iha.cc:: :ss;,s and
b,,ali2 give like bond in the penalty
Of fifty thousand dollars. The Comp.
troller and Deputy Comptroller shall
not, either directly or indirectly, be in.
terested in any association issuing
national currency under the provis.
ions of this act. %. @a
Sec. 9. And he it further enacted
That the Comptroller of the Currency,
with the approval Of the Secretary OF
the Treasury, shall devise a seal, with
suitable inscriptions, for his Office, a
description Of which, with certifi
cate OF approval by the Secretary OF
the Treasury, shall be filed in the of.
fee efsthe Secretary Of State with an
impression thereof, which shall there
upon become the seal of Office of the
Comptroller of the Currency, aud the
same may be renewed when necessa
ry.as Every certificate, assignment,
aud conveyance executed by the
Comptroller, in pursuance of any au
thority conferred on him by law, and
sealed with his seal of Office, shall Lt
received in evidence in all places and
courts whatsoever and all copies o
papers in the Office Of the Comptrol
Ter, certified by him and authenticated
by the said seal, shall in all cases bt
evidence equally and in like manner
as the original. D An impression O
such seal directly on the paper shal
be az, valid as if made Oh wax or wa
fer. go .....
Sec. 8. And be it further enacted
That there shall be assigned to th,
Comptroller Of the Currency by the
Secretary Of the Treasury suitabl,
rooms in the Treasury building fol
conducting the business Of the Cor
rency Bureau, in which shall be SAT,
and secure fire-proof vaults. in which
itshall be the duty of the Comptrolle
to deposit and safely keep all til,
plates not necessarily in the posses
sion Of eagravers or printers and 9th
er valuable things belonging to hi,
Department; aud the Comptrolle
shall from time to time farnish the ne
cessary furniture, stationery, fuel
lights, and other proper convenience,
for the transaction of the said bust
ness. s5aE Euaa taaataE a.saE y.Esa.
Sec. 4. And be it further enacted
That the term United States bonds,
~ used in this act. shall be construe,
to mean all registered bonds now is
sued. or that may hereafter be issued
on the faith of the United States b,
the Secretary Of the treasury in pul
suance Of law. s.s.. 4, 1900 4.
Sec. s. And be it further enac ted
That associations for carrying on th
business Of banking may be forme
by any number Of persons. not less i
any case than Ave, who shall enter il
to articles of association, which shal
specify in general terms tue object 70
which the association is formed, an
may contain any other provisions, na
Inconsistent with the provisions I
this act, which athe association ma
see fit to adopt for; the regulation {
the business Of the association AN
the conduct of its affairs, which sal
articles shall be ,sigped by the PEI
sons uniting to form the associatio,
and a copy of them forwarded to Il,
Comptrollef of the Currency, to i
fled and preserved in his Office.
Sec. 8. And be it further enacte.
That the persons uniting to form sue
an association shall. undertheir hand
make an organization certificate. whie
shall specify
First, The name assumed by sue