The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1874-07-09


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its siFeai.scn to p hsaS ana sssa sos re =
counted - . part Of ito lawful reserve, % pro
vided in Sec. 3 Of this act; and yhen the ciSm-
lating notes q any such assosiatioA assortsd pr
unass0rted, ehall be presented Tor tUdsmpto1 in
suins Of 11,oO g any multiple thereof tostee
redeemed e united statss ns.e;; Al notes %
United States to the respective asspsiatiunB tSfp
ing the "a. eseS q
and whenever such redemptions q any sssocia-
ton shall amount to the sum Of $500 such asso-
citation 60 notified shall Iosthwith deposit with
the amount Of its cireni.tins notes 80 redeemed;
and all notes Of National Banks worn, defAced,
matilated, Or Otherwise unit fos circulation shal
any designated depository OF the United States,
be forwarded to the Treasurer Of the United States
for redemption, as provided herein; and when
circulating notes go redeemed shall be forwarded
to the respective associations by which they
srs iss%ed put any sccn nSdss &c worn
for use, they shall be forwarded to the Comptrol-
now provided BY law: Provided That each Of
the charges for transportation and the costs for
asserting such notes, and the associations here
after organized shall also generally fvimhurse to
tne Treasury the cost q engfavlng such plates g
and the amount assessed upon each association
shall be I'm proportion 70 the circulation
;sh ~. saq De g sne i19o OF ae
g0slt WIN tne Ireasure1: Ang YTOCeoe0, ysstAe,,
That 60 much OF Sec. " o. said National Bank
act recognizing OF permitnng the redemption OF
.s noses re- .na an a. ne OWL
ne5eDy feRSai t ..,.,..,., ...,.. s..
4, PEG. =. Inat any xssocIauOn OLganlxe9 unuef
TINS aSt on any OF INC acis % winch this is an
ULs
ne!es, IN wno.s Or i hn R msy uPon the gepoei!
o. u money w4 s. H. 1n a o. tne Uniteo
SonSs which ssid sssnci.tion hss "u i9e
nses ,ss;c h"nd. e All m
y; eS "nsn uOs snsaS 4; nv W tne Danks
sect;on nf The Nstinnsi RAM sc. " a ta
om,eumt n,pg., ~ tho @ 70 an
shaii he reSeemed At ne Tressnrv oS tha RMe;teS
States and destroved a. now 1rcu,S tas un..cu
Provided, That the amount noun Of the bonds On q.
kse m ~ SAis"'"''0" '""'1 NV w A0~1se" oelow
sSSs Thu, N. com,.ro,,e, ~ n. c,,,.,.x
snai. unaes sscn Cues rules sna reeaas4Ss g sne
he nnmhar ~ tSe - he
upon all Nationsl BanE notes WITCH NAV be here.
after issued By him. .''' MN '' - A'' :
notes ont tsnd;no and 4" he issned =. nsrf n
the circulatine medium shall not exceed the
sum Of ssss 10000, which said sum shall appear
and nn mart thereof shaii he held or nseS az
ssr no part 'nereo' snsli NC neio VI "seo -
SEC That m mnch NJ thu at entitled s. A .,
csn,mm tcmnor..v ,nan cortistaa =" Ia -. 70,
;~crssse ~ .iny. o1 R., sm s"u III ~
that mo- circulatiCn shall he w;thdr.wn npSer tSs
81 sac nf sta ~ nnt s,ar 1e ~
M nm OrsrtaS ~ S T s:ia ~ Isu s'eI III Ss
hecn mn "a hsrsh. saresI. .n r. sh. ~
ne dnts ~ ~ ~ H. anu ~ sas, y
~ r .no sth ~ inc SecIeta Of tne
suS rso,;S NV. ~ nc noteuy auc,Mo1eC
she n Ss,n rum Me ~ se, PP,tsi tS
.uil amo"nt vi INC Yo4UOUuV snall Ds wit9dIawn,
~ W MAKE . rgquisIuOn on eacn OF tne Nau0na.
,,a IN salo secuo1' ana IN tne man
an Excess 81 CiIe9Iation, 70 witnoraw ana return
so nuSh oI tnls clrcuia!lOn as Dy sara ACT may De
M'ppoltIlonee 70 De Wltnafewn IRON Inem, OF, ln
United states lawful money sumeient to redeem
saSh circulation, and, upon the return Of the Cir
caiation required, or the deposit OF lawful money
bonds held to secure the circulation Of such asso
Siation az snail make such return or deposit shall
DC snrrendsred to 1t.
Banks upon which acquisitions for circulation
snail De made, Or OF any OF them, to return the
amount required, or to deposit In the Treasury
within thirty days, the Comptroller Of the Cur:
rency snall at once sell, as provided In Sec - o.
me me. Natlonal currency act, approved June 3
circulation of the association or associations
which shall so fail, to an amount sufficient to re
deem the circulation required Of such association
or associations, and with the proceeds, which
snail De deposited in the Treasury Of the United
states, so much OF the circulation OF said associ
| atlon or associations shall be redeemed a. will
equal the amount required and not re
! over the amount required for such redemption II
saaii De returned to the association Or associa
Iohs whose D0nds snail nave been sold; ana II
E snali pc tne guy OF the treasurer, Assistant
nreasuiers, designated Repositories and National
shall be kept informed bv the Comptroiier Of IL,
Currency Of such associations as shall fail to re
to the Treasurer for reSemntion the notas ~ snci
associations as shall Come into thoir hsnSs nnti
the amount required shall be redeemed. and II