Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-12-10
OFFICIAL.
LAWS OF THE UNITED STATES.
Passed at the First Session Of the 7Hirt,
Eighth Congress.
IPUpLIc-No. lO6.1


PuB1Ic-No. LOG.
An ACT to provide National Currency, secured bya
pledge of United States Bonds, and to provide for the
Circulation and redemption thereof.
Betenacedby the Senate and House Of Representatives
fthc United Statesc cf dmerica IN Congress assembled,
That there shall be established in the treasury depart
ment separate bureau, which shall be charged with
the execution Of this and all other laws that may be
passed BY congress respecting the Issue ana regulation
The chief officer Of the said bureau ahal be dcnomina-
ted the comptroller Of the currency and shall he under
the general direction Of the Secretary OF the resury
mendation Ofthe Secretary Of the Treasury, by and
with the advice and consent Of the Senate and shall
hold his office for the term of five years unless sooner
movcdby the President. upon reasons to be commu-
nicatcd by him to the Senate; he shall have COM
petent deputy appointed by tho secretary whose salary
shall be two thousand five hundred dollars, and who
shall possess the power and perform the duties at
tached BY law to the office Of comptroller during
vacancy in such office and during his absence or in.
ability he Shall employ, from time to tmc the nc.
cessary clerks to discharge such duties as he shall
direct which clerks sh, be appointed and classified
by the Secretary of the Treasury in the manner now
provided by law. Within fifteen days from the time Of
notice Of his appointment the comptroller shall take
and bscribe the oath ofocc prescribed by the con-
stitution and laws Of the United Satcs and he shall
give to the United States bond in the penalty Of
hundred thousand dollars with not less than two
sponsbe sureties to be approved the Secretary OF
the Trea sury conditioned for the faithful discharge Of
appointed shall also take oath Of Office prescribed by
the constitution and laws Of the United States, and
not either directly indirectly, be interested in any
association issuing national currency under the pro-
s' Sec. T. T. Aud be further enacted, That the
comptroller Of the currency with the approval Of the
Secretary Of the Treasury, shall devise seal, with
ton Of which, with certificate Of approval by tho
Secretary Of the Treasury, shall be filed in the office Of
the Secretary Of State with Impression thereof,
which shall thcreupon become the seal Of Office Of the
comptroller Of the currency, and the same may be
newed when necessary. Every certificate assignment
and conveyance executed by the comptroller, in
pursuance Of any authority conferred him by law,
and sealed with his seal Of Office, shall be received in
all places and courts whatsoever; and all copies Of
papers in the Office Of the comptroller certified by
cases be evidence equally and in like manner us the
original An impression Of such seal directly the
paper shall be as valid as II made on wax or wafer
Sec. 3. And be It further enacted That there
shall be assigned to the comptroller Of the currency BY
the Secretary Of the Treasury, rooms for conducting
the business the currency bureau in which shall bo
the duty Of the cOmptroc: to deposit and safely keep
oil the plates not necessarily in the possession of
ing to his departments and the comptroller shall from
time to time furnish the necessary furniture station
cry fuel lights and other proper convcnenccs for the
transaction Of the said business.
Sec. 4. And be i further enacted, That the
term United States Bonds" as used in this act shall
be construedto all registered bonds now issued
United States BY the Secretary Of the Treasury in pur
Sec. s. Aud b. Il further enacted. That as.
sociat ons for carrying the busines Of banking may
b formed BY any number Of persons, not less in any
case than Ave. who shall into articles Of associa
ton, which shall specify in general terms the object
any other provisions not inconsistant with tn. pro.
visions Of this act ~hic the association may see fit
TO adopt for the regulation Of the business Of the as
soci.ton and the conduct Of its AFFAIRS which sait
articles shall be signed by the persons uniting to form
the essocaanon and copy of them forwarded to the
ee"p1o!ler Of the currency tobe filed and preserved.
persoes uniting to form such association shall, un-
def their hands, make an organization certificate,
First. The aame assumed By such association,
Which n.ne shall be ,ubjeesto the approval Of the
ss:osA The p'.ee where ii. operation. of di.eoun.
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