The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1874-04-17

and the same is hereby, repealed and section 81
of the original act to which the act last aforesaid
an amendment, be, and the same is hereby, re-
enacted. t
SEc. g. That every association organized or 10 be
organized under the provisions of the said act and
OF the several acts in amendment thereof, shall at
ali times keep and have deposit In the Treasury
OF the United States sum equal 10 per cent Of
ts circulation, TO be held aud used only for the re-
demption of such circulation and when the circu-
latng notes OF any such association or associations
shall be presented assorted or unassorted. for re-
demption in sums of 81 ,00a or any multiple there
Of TO the Treasurer or 10 any Assistant Treasurer
Of the United States the same shall be charged by
the Comptroller Of the Currency to the respective
associations issuing the same, and he shall
notify them seyerally, on the hrst day OF
each month, or Si's a srcs rsdan,,,o u,s
whereupon each association notified shall forth
with deposit with the Treasurer of the United States
n in United States notes equal to the amount Of
its circulating notes 40 redeemed, and, when such
redemptions have been reimbursed, the cfrcu-
lating notes 80 redeemed, or, IL worn, mutilated or
defaced new notes instead, shall be forwarded TO
the respective associations. Provided that each
OF said associations shall reimburse 10 the Treasury
the cost OF redemption and OF supplying new notes
in place of those redeemed, ana the associations
hereafter organized shall also seyeray reimburse
to the Treasury the costs of engraving and printing
their circulating notes, and provided further that
the entire amount OF United states notes outstand-
ing and in circulation al any one time shall not
coed the sum of Si0O,OOOOOo now authorized by
existing law.
SIC. l. That any association organized under
this act or any of the acts of which this il an
amendment, desiring to withdraw its circulating
notes in whole or in part, may, upon deposit Of
lawful money within the meaning Of said
acts in sums of not less than 1000
with the Treasurer of the United States, withdraw
a proportionate amount Of bonds deposited in
pledge for such circulation, and he shall redeem,
cancel aud destroy an amount of the circulating
notes of such association equal to the amount is
sued upon such bonds.
SEC g. That sections 81 and 80 of the said act
he amended by requiring that each Of the
Citations shall keep it's lawful money within
its vaults at the place whore its operations of
discount and deposit are carried on, and all the
provisions of the said sections requiring per-
hitting any of the said associations To keep any
portion of its lawful money reserves elsewhere
than in its vaults, or requiring or permit
ting the redemption Of it's circulating notes else
where than at its own counter, except as provided
for in this act, are hereby repealed.
SEC G. That upon all circulating notes hereafter
issued, or hereafter to be issned whenever the
same shall come into the Treasury in payment or
deposit for redemption or otherwise, there shall be
printed, under such rules and regulations as the
Secretary of the Treasury may prescribe, the
charter numbers of the associations by which they
are seveTally issued.