The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1864-07-27

10 United states any such deficiency 10 redeem
Ing me notes Of such association IS mentioned ID
tbs act snail make a ratabie dividend OF the money
SO paid over o him by such receiver on all sueh
claims may have been proved 20 his SATISFACTION
or adudic4ted IN court Of competent Jurlsnlctlohi
and from time 20 time the proceeds n the assets
Of such association shall be paid over 70 him, he
shall make further dividends, az AFORESAID on All
claims previously proved or alJuaieaiel anu tne re
aiuder o. such proceeds, II any, shall be paid over
10 the shareholders OF such association, OF their legal
representative proportion % the stock by them
respectively held: Frorided holceusr That # such a.
socatiOn against which proceedings have been in
sttuted On account Of any alleged refusal to redeem
it, circulating notes as Aforesaid shall deny having
failed % 90 So such association may at any time
ten days after such ASSOCIATION shall have been
notified Of tho appointment or an agent as proViaed
Ia tins act apply ~ the nearest circuit, OF district
Or territorial court u ths United States, 20 enloin
further proceedings ia The premises and such court
after citing the Comptroller Of the Currency 70 show
caus wLv further proceedings should NOT be euolned,
and after the decision o. the court OF finding Of Ju
Nv that SUCH association has not refused 70 redeem rs
c,rculatlng notes ~en legally presented N the LAW
fa money 81 ths Jolted states shall make order
enjoning the Comptroller, and any receiver acting
under his direction, from al further proceedings 90
account u such alleged refusal
sec 81. And be fuTther enGced, That all fees for
protesting The notes issued D. any such banking as
socation shall Do PAID b. the person procuring the
protest u be made, and such banking ASSOCIATION
shaI be liable therefor, bat no part Of the bonds
pledged by such banking association, as Aforesaid
shall be applied " the payment u such lees Ana
All exCenses Of any preliminary or other eKznina-
lions into tie cOu4ti0u Of any association shall be
paid By such association aud al expenses Of any re
celversLly shall b. paid OCT ~ the sets Of such
association before distribution Vi the proceeds
Thereof.
sec s. And be Il further enaotsd That all trans
fer VI the notes, bonds bills u exchange, and other
evidences OF lgDt 0SILg u any association or Of de-
pOsits u Is credit ali assignments Of mortgages
sur,te5 on real cstt, Or "a Judgments or DEGREES IN
IL 4vOr, all deposits Vi money DulIon, or other val
liable thing for Is USE for the VI any OF ia
shareholders or Creditors Ali AL Payments Ol money
% either, made alter tic Of act OF in
sOiysucy, or ia contemplation thereof, with a view
% prevent Tie Application OF IL assets IA The manner
prescribed ~ THIS at, With 10 the prefer
elce cl one creator u another, except In nav
ment Of rs circulating notes. sba be utterly null and
void.
sc. g And b. 4 further enae,sI That II tho III
any assoc ltlOil shall ngiy violate or
knOWlugig permit any Of TIE oiceTs, agents or ser
wants the lat ga u violate any the prOve-
i0us this act ali the rights privileges and fran
chses Of the association derived from tins act shall
BE- thereby forfeited such violation shall however
be determined aud adludged BY proper circuit dis
trict, or territorial court " tho United states In
suit brought Tor that purpose by the Comptroller Of
tbs Currency, ia has name before the association
shall be declared dissolved. And D cases Of such
violation, every director who partC Ipatei in or a.
scented ~ the shall BE- held liable In his personal
ami Individual capacity for all damages which the az
ISOLATION, IL shafehollers, Or any other person
shall have sustained IA Consequence OF such vio-
latOn
--s. %. Ind Be t further enacted That the Comm
trOuer OF the Currency, with the appreciation Of the
secretary oi the Treasury often shall be deemed
Necessary or proper, shall appoint a suitable person
OF persons % make au examination Ut tha affairs OF
every banking association, which person shall not be
"a director other officer any association whose A.
fairs b. shall BE- appointsd e. examine and who shall
have power 10 maze thorough cxIiniuat into all
tue Affairs u the association aud in DONG -, u -
any Of the officers ana agents tner-sr on oath
and shall make full anu detailed report of the con
clifton u the ASSOCIATION ~ the COMPTROLLER And the
association shall not be subject o. auy other vsitori
powers than such as authorized BY this AT CT
cept such as are vested Ia tr several courts Of law
aud chancery Ana every person appointed To make
such examination shall Tor his services at the
rate q i've dollars for each day by him employed in
such examinations, and two dollars for evsry twenty
I've miies he shall necessarily travel ia inc perform
Auce oi DIS duty, which sh, be paid by s9 assOcis-
ton BY him examined
sec. s. AHd Be a further ezac.ea. Thai everv
president director Cashier, teer clerk or agent OF
any association, who shall eubezzle, abstract. OF
Wliuny mlstlply any Ot the moneys. funds or cred
its Of the association, OF shall without authority
from the directors, issue put circulation any Of
the notes OF the latIOn shall without such An
thorty, issue or put forth any certificate Of deposit
draw any order Or ball Of exchange, make any &c
ceptance assign any note bond draft bill Of exchange
mortgage, judgment, or decree, shall make any
false entry IA any book, report, statement Of the
ass0ciatlon with intent Ia either case 10 njure or
defraud the association or any other company BODY
polite or corporate, any individual person or 10
deceive any oflcer OF the association or anv agent
appointed % examine the affairs any such associa
tim, shall be deemed guilty OF a misdemeanor
and upon conviction thereof shall be punished by
Imprisonment not less than nvs nor more than ten
years-
sc. So And Be II further enacted That all SHIFTS
ami proceedings arising out Of the provisions 81
this act N which the United States or its officers
OF agents shall be parties shall be conducted hv IN
district attorneys Of the several districts u ser a.
direction and supervision Of the Solicitor VI ihe
Treasury.
Sec. 81. And be II further enaoH9, TAas suits.
actions, ana proceedings against aay aSss.iYti tf
under this act, may be had - any cFest, district
or territorial court Of the United states held within
the district, In which such association may be es
tabiished, IN any state, county or municipal
court IN the county or city Ia which said assOcia-
9 ar = e Res a2s al Prssan p f tS sSo s
Comptroller under this act shall be hal Ia a cir
cult district, or territorial court Of abe United
States held IN the district IN which the association
located.
sec s.. And bs Il further snaetel, That every per
son who shall mutIlate cut deface dishgurc, per
forate with holes, shall unite cement together
do any other thing any bank bill, draft nsts OF
other evidence Of debt, issued by any such assOcia
ton, or shall cause procure the 20 be done
with intent 20 render such bank bill, draft, note or
other evidence OF debt unit 10 be reissued by said
association, shall upon conviction forfeit fifty dol
lars " the association who shall be injured thereby
10 be recovered BY action IN any court having juris
dictiOn.
sec So And D. Il further sraced. That II any Der.
son shall falsely make, forge, counterfeit cause
OF procure 10 be made, forged or cOunterieited OF
willingly aid OF assist In falsely making. forging OF
cOunterIeltllig, any note IN imitation or or purport-
ing 10 be IN imitation or the circulating notes Is ued
under the provisions of this act shall pass utter
or publish, attempt 20 pass utter, OF publish any
false forged, OF cOuntereted note purporting be
issued by any association doing a banking business
under the provisions of this act knowing the same
TO be falsely made, forged, or cOunterfeted or shall
falsely alter or cause or procure 10 be falsely altered
or willingly aid or assist Ia falsely Altering any such
Circulating notes. issued as Aforesaid, shall pass
utter, or publish, OF attempt TO pass utter pub
lsh, as true any falsely altered spurious crcua-
ting note ISSUED, purpOr ng TO have been issued
as Aforesaid knowing the 10 be falsely altered
"a Spurious s~er aaeh P~Fe.t shall be doomed and
adJudged guilty OF felony. AMI being thereof con
vieted by due course of law shall b. sentenced N
be imprisoned ana Kept At haru labor for a period
Of not less than tive years nor more than fifteen
years, and fined IN sum not exceeG.ag one thousand
dollars.
Sec. 81. And b Il further eHastsd That If any
person shall make or cngravc C2usS procure To
be made or engraved or shall have IN Ia custody OF
possession any plate die og block after tn. slmiliEude
OF any plate, die, OF block from which an. circula-
ting notes issued as Aforesaid shall have bce prepar
ed or printed, with intent 10 use such plate lie
block, cause suffer the same to BE- used a. forg-
ing OF counterteting any OF the notes issued
sad, or shall have ia his custody or possession ny
blank note OF notes engraved and printed alter he
smitude Of any notes issued aforesaid with intent
TO such blanks, cause suffer Abe same 10 be
used, In forging OF cOunterieltng any Of the
issued Aforesaid. or shall have his custody OF
possession any paper adapted 10 the making of such
notes, and similar to the paper upOn which any
such notes shall have been issued with intent 90 use
such paper. OF cause OF suffer the sane 90 DO used
IN forging OF counterfetiug any Of thc notes issued
as Aforesaid. every such person teing thereof con
victed by due course OF law shall be sentenced TO be
imprisoned and kept o. hard labor for term not less
than i've OF more thas nfteen years. and fined Al a
SUN not exceeding one thousand dollars
Sc. 81. And D q farther enacted That 4 shall
be the duty % the Comptroller of the Currcaey TO r
port annually TO Congress at the commencement Of its
session
First summary Of the state aad condition cf
very association from whom reports have been re-
which such reports reter, With abstract OF the
whole amount Of banking capital returned ~ them.
OF the whole amount OF their debts and liabilities tn,
amount Of circulating notes Outstanding and the total
amount OF means and resources specifying the amount
OF lawful money held by them at the times Of their
several returns, and such otner Information in rea
ton 10 said associations as, in his Judgment nav be
aseful.
Second. statement Of the association whose bust
ness has been closed during the year with the amount
OF their circulation redeemed, and the amount out
standing.
Third. Any amendment % the laws relative 70
banking BY which the system may be improved. and
the security Of the holders OF its notes AMI other cred
itors may be increased.
Fourth The names and compensation OF the clerks