Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1873-05-24
LAWS OF THE UNITED STATES
Passed at the Third Session of the Forty
Second Congress.
PUBLISHED By AUTHORITY

GENERAL NATURE-No,S7
An Act to require national banks, to restore
their capital when impaired, and to amend
the national currency act
Be it enacted by the Senate and House Of
Representatives of the United States of Ameri-
ca in Congress assembled, That all national
banks which shall have failed to pay up their
capital stock, as required by law, and all ma
tiOnal banks whose capital stock shall have
become impaired by losses or otherwise, shall,
within three months after receiving notice
thereof from the Comptroller of the Currency.
be required to pay the deficiency in the capital
stock by assessment upon the shareholders. pro
rata for the amount of capital stock held by
each ; and the Treasurer of the United States
shall withhold the interest upon all bonds held
by him in trust for such association, upon mott
fcation from the Comptroller of the Currency,
until otherwise notified by him; and if such
banks shall fail to pay up their capital stock,
and shall refuse to go into liquidation, as pro-
vided by law, for three months after receiving
notice from the Comptroller receiver may be
appointed to close up the business of the asso-
citation, according to the provisions of the fifth
eth section of the national currency act
Sec 2 That section fifty seven of said act be
amended by adding thereto the following
And provided further That no attachment,
injunction or execution shall be issued against
such association or its property, before final
judgment in any such suit, action or proceed
Sec 8 Thas banks not organized and trans
acting business under the national currency act
and all persons, companies or corporations do
ing the business of bankers, brokers or savings
institutions, except saving banks authorized by
Congress to use the word national as Ia part
of their corporate name, are prohibited from
using the word national as portion of the
name or title of such bank, corporation, firm
or partners hip; and every such bank corpora
ton or firm, which shall use the word nations
ol1l n of hnir fIa arf
nership name six months after the passage of
this act, shall be sabject to a penalty of fifty
dollars for each day thereafter in which such
word shall be employed as aforesaid part of
such corporate name or title, such penalty to
be recovered by action in any court having jul
risdiction
Sec That it suall be the duty of the Comp
troller of the Currency to cause to be examined
each year the plates, dies. but pieces and other
material from which the national bank circula-
ton is printed in whole or in part and file in
his Office annually correct list of the same !;
and such material as shall have been used in
the printing of the notes of national banks
which are in liquidation, or have closed bust
ness, shall be destroyed under such regulations
as shall be prescribed by the Comptroller of
the Currency and approved by the Secretary of
the Treasury and the expense of such exami-
nation and destruction shall be paid out of any
appropriation made by Congress for the spe-
cial examination of national banks and bank
plates
Approved, March 8, 1873
GENERAL NATURE-No ST.
An Act creating the collection district of South
ern Oregon.
Be it enacted by the Senate and House of
ca in Congress assembled, That all the ports,
harbors. bays, rivers and waters of the main
land of all that portion of the State of Oregon
lying south and east of the north bank of the
Siuslaw river shall constitute collection dis
trict by the name of the southern collection
and hereby is, established for said district at
Coos bay, in Coos county, of said State; and a
collector of customs shall be appointed by the
President of the United States, by and with
the advice and consent of the Senate, to reside
at Empire city.
Sec. 2. That ports of delivery shall be, and are
hereby, established in the collection district
aforesaid, at Ellinsburgh, at the mouth OF
Rogue river, Port Oxford, out at Gardner, on
the Cmpqua river and the collector of customs
OF said district Is hereby authrized to appoint,
with the appreciation of the Secretary of the
Treasury three deputy collectors, to be sta
toned at the ports of delivery aforesaid
Dec. 8. That the collector of said district shall
beallowed compensation of one thousand dol,
lars per annum, with the fees allowed by law,
and commission on all customs money col.
lected and accounted for by him, such salary
fees and commissions not to exceed the sum Of
two thousand five hundred dollars per annum
and said deputy collectors shall each be allowed
compensation of one thousand dollars per an
mum.
Approved, March 8, 1873.
GENERAL NATURE-No. 93.l
An Act to provide for the payment, in gold
of certain wages to seaman in foreign coun
tries.
Be it enacted by the Senate and House of Represent
atives of the United States of America in Congress
sembled, That moneys paid under the laws o.
the United States, by direction of consular of
hcers or agents, at any foreign port or place, a
wages extra or otherwise, duel American sea-
man, shall be paid in gold or its equivalent
without any deduction whatever, any contrac
to the contrary notwithstanding
Approved, March 3, 1873.
GENERAL NATURE->No OIL
AN ACT to authorize pre-emptors mr. set
ties upon homesteads on the public LAM
TO ALLEVIATE portions of their pre-emn
lions or homesteads for certain publ,
purposes.
Be it enacted by the Senate and Hous
of Representatives of the United States O
America in Congress assembled, That an,
person who has already settled or hereaf
ter may settle on the public lands of tn
United States, either by pre-emption, O.
by virtue of the homestead law or an,
amendment thereto, shall have the RICH
TO transfer by warranty, against his or he
own acts, any portion of his or her sait
pre-emption or homestead for church
Cemetery, or school purposes, or for tn,
nr sno vi way of railroad access across such
such public purposes shall in no wav vi
tiate the right to compiete and nerfect thu
Ute 10 their pre-emptions or bomesteads
Approved, March 3. 1874