The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-12-18
PUBLIC ACTS.
1CONCLUDED.1

Sec so. And be it further enacted, That if the
directors of any association shall knowingly viO-
late, or knowingly permit any of the officers, ag-
entS or servants OF the association to violate any
of the provisions of this act, all the rights privi-
leges, ana franchises OF the ASSOCIATION derived
from this act shall be thereby forfeited such vio-
latiOn shall, however, be determined and adjudg-
ed by proper circuit, district, territorial
conrt of the United States before the association
shall be declared dissolved: and in cases of such
violation, every director who participated in or
assented to the same shall be held liable in his
personal and individual capacity for all damages
which the association, its shareholders, or any
other person, shall have sustained in consequence
of such violation.
Sec. 81. And be it further enacted That the
comptroller of the currency, with the approba-
ton of she Secretary of the Treasury as often as
shall be deemed necessary or proper shall ap-
point suitable person or persons to make an
examination OF the affairs of every banking asso-
citation, which person shall not be director or
other officer in any association whose affairs he
shall be appointed to examine, and who shall have
power to make a thorough examination into all
the affairs of the association, and, in doing So
examine any of tine officers and agents thereof
on oath, and shall make full and detailed report
OF the condition of the association to the comp
troller; and the association shall not be subject
to any other viSitorial powers than such as are
authorized by this act, except such as are vested
in the several courts of law and chancery And
every person appointed to make such examina-
ton shall receive for his services at the rate of
five dollars for each day by him employed in such
examination, and two dollars for every twenty
five miles he shall necessarily travel in the per
formance of his duty, which shall be paid by the
association by him examined
Sec. 81. And be it further enacted, That every
president, director, cashier, teller clerk, or agent
OF any association who shall embrzzlc abstract
or wilfuily misapply any of the moneys, funds or
credits OF the association. shall, without au-
thorlty from the directors, issue or put in crcu-
lation, any OF the notes of the association, or
shall, without such authority, issue or put forth
any certificate of deposit, draw any order or hill
OF exchange, make any acceptance, assign any
note, bond, draft, bill of exchange, mortgage.
Judgment, or decree, or shall make any false en-
try in any book, report, statement OF the asso
citation, with intent, in either case, to inju~e or
defraud any other company, body polite, or cor
porate, or any individual person, to deceive
any officer or agent appointed to examine the at
fairs of any such association, shall be deemed
guilty of u misdemeanor, and upon conviction
thereof shall be punished by imprisonment not
less than five nor more than ten Years.
Sec. 53. And be it further enacted That the
president and cashier of every such association
shall cause to be kept at all times full and cor
rect list Of the names aud residences of all tile
shareholders in the association in the office where
its business is transacted and such list shall be
subject to the inspection of all the shareholders
and creditors of the association during business
hours OF each day in which business may be le-
gally transacted; and a copy of such list, verified
by the oath of such president CASHIER shall, at
the beginning of every year. be transmitted to the
comptroller of the currency, commencing on the
first day of the first quarter ater the organization
OF the association.
Sec. 81. And be it further enacted, That the
Secretary of the Treasury is hereby authorized,
whenever, in his Judgment, the public interests
viii De promoted thereby, to employ any of such
associations doing business under this act as de-
Positaries OF the public moneys, except receipts
from customs
Sec 3D. And be it further enacted That all
suits and proceedings arising out of the provis-
ions OF this act in which the United States or its
onlcers or agents shall be parties. shall be con-
uucted by the district attorneys of the several dis
trlcts, under the direction and supervision of the
solicitor of the treasury.
Sec 81. And be it further enacted That every
person who shall mutilate cut, dcfalce, dsfigure,
or periorate with holes shall unite or cement
oralt note, or other evidence OF debt issued by
any such association, or shall cause or procure
,he same to be done, with intent to render such
pank OIL, draft, note, other evidence of debt
uhht TO be reissucd by said association Shall up
On conviction forfeit fifty dollars to the associa-
ton VINO shall be injured thereby, to be recovered
ny action in any court having Jurisdiction.
see. 81. And be 1t further enacted, That if any
person shall falsely make, forge, counterfeit,
OF cause or procure to be made, forged or coun-
terfelted willingly aid assist in falsely max
ing forging, or counterfeiting, cny note in imita-
tioh OF, or purporting to be imitation of, the
circulating notes issued under the provisions of
.nls act, or shall pass, utter, or publish or at
Tempt 10 pass utter, or publish any false forged
OF connterfeted note, purporting to 0c issued by
any any ASSOCIATION doing banking business under
the provisions OF this act, knowing the same to
ce falsely made, forged, counterieited or shall
-usely altcr' or cause procure to be falsely
teFed, or willingly aid assist in falsely alter
ns; s; any sucn circulating notes, issued as afore-
aiu OF snail pass, utter publish or attempt to
A''' utIer or publish as true any falsely altered