Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-07-28
aailp gnteMigeufer.
LAWS OF THE UNITED STATES.
p1,,,d at the First SesSioH Of the Thirty
eighth CoHSrsSs.
rprnIrc-No. ss.l

- % proyids = national currency, secured by
niedse Of the United States bonds, AUD 70
III, Enacted by the SsnA and House OF repre-
D Of the United States OF AmercS IN SOn'
,seuib I'd TuAI th-Ie shall DO estAo'iAhed IN
grtss ,,+S D+par 1 meut y separate burean, which
III h. charged with the execution OF ms Ahu AZ
ST. laws that nay be passed by congress LesPect-
o'hsi ;sn. and regulation Of u national currency
lbB ". Nv limited states bond. the chief Gtneer
7, 80 Id bureau hall be denominAted the comp
troer Of the Currency and shall DC GuoeI nc ST.
W dirsrfipp Of the SECRETARY Of the Treasury He
Ei he appointed by the PRECEDENT, on the recon-
ndstiop OF g. cretAIy of the Treasury by ano WIN
tbs adv &C and cous<Lt Of the senAte' Aha sn4l no
me ~ =, p Inc term OF Ave years unless sooner
',n,y4d by the President, upon reasons 70 DO e0p-
mn tcAI. By him 10 the Senate ne shall receive An
snnnI salAr, Of hve thousand collars ne snall nA1o
= ON nstsl,I deputy, appointed by the Secretary,
yrhose salary shall be two thousand hVe M oIed
dollars aud no shall Possess the pow 81 an9
the cuti,s attached by law to the ,tnee OF ConpHS
Ter 1uTiUR a aeancy IN such once nd during ms
ABSENCE or inability; he shall employ fron time 70
tine, The necessary clerks 70 y 1870
ana classified by the 8. cretarl OF the treasury IN
the uAuutr nov provided BY law ahithlh nHeSn
dnys from the time Of notice OF bis aPPoinunent dS
n 1n,roiIer shaIl lake aud subscribe the oath Oh
Tct o, escIib by the Constitution ana laws o. me
u tied state and he shall give 10 the Onten states
a bond In The penalty OF one hundred tho sand dol
9TH NOT l. Is than resi- onsible sureues' to
h. aDnroytd by the Secretary OF the Treasury, CON
drioned for the iAi'hfol tne nIoIn,sJ
shall al take the oath OF once PRESCRIBED Oy tie
Cor stitutinn and laws OF the United States, ahe
shall i've III bond in the penalty oil my nous
and dollars The Comptroller and Deputy Comp
ROLLER sbAll not either directly OF indirectly De
interested in any association issuing nAuonS' cur
reno, under the provisions Of this act
Sec 2 And be further enacted That the comp
tToiIrr OF the Currency, with the approval OF the
o. refar, Of the Treasury, shAll devise Seal with
sni,sbje Inscriptions for his Office description OF
which with Certificate Of approval BY the seer ta[y
of Ihe Treasury, shall be hled in the Cnee OF me
Secretary Of state with an impression thereof which
,baII IhereupUn become the seal OF otdee OF the
ComptroIIer Of the Currency and the same may be
renewed when n, ceasAry- Livery eet ate, aAsign-
IN nnrsuance OF any authority cUuferTed on him by
iav and seated with his zeal OF ONCE, shAll be
ceIyed 10 evd nee in All places ana ooutIs WhatSo'
ever; aud all copies Of papers In the ONCE OF the
Comptroller, certified by him and authenticated 6y
the said seal Ghall IN all cases be evidence equally
and Ia ike manner As the original An impression
Of sucl seal dir, city the paper shall be As valid
IA, IL ma re wax or wafer.
Sec. l. And be it further enacted, That there ahau
be RssiEufd to the Comptroller OF the CurTeney by
th SECRETARY the Treasury suitable rooms IN the
Treasury building ior conducting the business OF
the Currency Bureau which shall be .3is and ssenre
Comptrolei io dsPoSt aud SAFELY keep AL the plates
not nece., AIiy in the possession Of suErNTers or
printers aud oIhr valuable things beloasing 10 bis
ptpartmen; and tue Comptroller shAll from time 70
tine furnish The pCeersary fnrnitures staIioneEyI
fUeI, TEhis ard other roper eoETenienees for the
Transaction Il sAid Q iness-
Sec l. AID &c II iuTther enacted, That the term
'.Unit,d State houds," used this act, shsu be
LIE
a. thar nay hereafter be issued, the faith OF the
United States by the Secretary OF the Treasury IN
pursnAI ii law. .-a
for carrying on the business II banking may be
formed by any number Of per ons, not less In any
case than Te Who shall enter into articles of asso-
ton which shall specify in general terms the object
for which the citation formed, aud may ain
any other provisions not Inconsistent with the pro.
visions this set, which the association may ut
to adopt for the regulation Of the business Of the
association and the conduct Of Its aairs which said
articles shall be Aligned by the persons uniting to
form the association, and copy Of them forwarded
to the Comptroller OF the CufTete, TO be fled and
preserved in his ONCE.
!. &C. 6. Aud be be it further enacted, That the
persons uniting TO form such an association shall,
under their hands, make an organization certificate
whi.h shall specify -
which name shal be subject to the approval Of the
ComptI oller.
and deposit are to be carried Oh, designating the
stAts Territory District and also the particular
county and city, town or village.
Third. Toe amount of its capital stock and the
number Of shares into which the same shall be d.
V.ded.
rourth. The names and places of rs.idence of the
h holders and the number of shares held by each
Tn,n. A declaration that said certificate is made
to enable such persons TO avail themselves OF the
advantages OF this set.
The said certificate shall be acknowledged before
junge OF some court Of record or notary public,
aud such certificate with the acknowedg emit there,
of authenticated by seal of such court notary shall
be transmitted to The Comptroller OF the Currency,
who 81 ali and carefully preserve the In
his fler. Copies OF such Certificate, duly certified
by the Comptroller aud authenticated by his seal of
Cflce, shA be legal and sufficient evidence in all
G. urIs and plsess with the United States or the
juri detion OF the Cow rnment thereof Of the
OF such association, and Of every other mat
ter tang which could be prov. d by the produc-
tion OF the original certificate
Sec I. And be it further enacted, That NO ascot
alton shall be organized under thus act with Ieas
capital than one hundred thousand doilars nor in
HHEtgR
sous, with less c-ptal than two hundred thousand
dollars: Pr Tided, That baYks With capital OF not
les than 6Hy thousand dollars may, with the app
PloyA u the eecrsIaTy OF the Treasury, be organz
ed III any p ace The population Of which does not
exceed six thousand Inhabitants.
Sec 8. And be It further enacted That every a.
sociRtOn formed pursuant TO the provisions Of this
&C sail from the date Of the execution of its or
RAulEaOn certificate, ne body corporate, but shall
trans ct no business except suen a. may Be incdeu
tai Its organization ami necessarily preliminary
until authorized b. the Comptroller ofthe Currency
to con mence the business VI banking. Slch asso-
citation shall have power TO adopt corporate seal
aud shall nITe succe sion by the name designated
In ITS organization for the period OF TWEEN
~ yea FINN its organization, unless sooner dssoIV-
cd according to the provisions Of Its articles OF
citation or by the act Of its owning go
thirds Of Its stock unless the franchise shall be
forfeited BY violation Of this Act by such name IL
may make contracts, sue aud be sued. complain LnI
defend any court of law and equity a. fully a.
natural persOns; II may elect appoint directors
and by ts board Of directors appoint President,
Vice President, Cashier aRd other officers, dehRe
Atty thereof dismiss said Officers any OF them At
pleasure and appoint Others to I'LL their places and
exercise under this act all such Incidental powers
1hA be necessary to carry the business of bank
ing BY dlleonnting and negotiating prOissory notes
drA t, bill Of exchange and Other evidences Of dsht
by receiving deposits; by buying aud selling ex.
change, coin and bullion; by loAning money on per-
sOnal security; by obtaining issuing and eirculEtin
notAs according to the provisions OF this acts and n
board Of directors RhAll also have power TO define
and guAte by by laws, not inconsistent with tho
provisions OF this Rct the In which its stock
shall be Transferred Its directors elected appoin
ted, Its property transferred its general businesI
conducted aud all the privileges granted by this act
to associations organized under II shall be exercised
and enjoy ed; aud Its usual business shall be trans.
acted 81 al ofacO or banking house located In thu
place specified in its organization certificate
Sec. g. Aud be Il farther enacted, That the affairs
OF every assO iation shall be managed by not less
than i've direc;ors Of whom shall be the Presi.
dent Every director shAl, during his whole term
OF service be citizen Of the United States; and at
least three fourths Of directors shall have resid-
ed In the State Territory District a which such
association is located one next preceding their
DIRE and Aa If