Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1882-07-06

Statutes Except O. modified by the sections Of
the act entitled !" An act fixing the amount OF
rcr for
modifed bs Sec. * his actS the sssociat.en
making application shall be entitled TO receive
from the tomptroller 81 the Currency circulate
ing notes 81 different denominations in bianK,l
registered md ootntersigned as hereafter pre-
yided, equal in amount to 30 per cent. or the
current market value, not exceeding par, Of the
United States bonds SO transferres and deIv.
cred, and at no time shall the total amount OF
such notes issued to any such association ex-
coed 20 per cent. of the amount at such t1me
actually paid in of its capital stock, and the
Wis d Statutes are hereby repealed.
SEC. II. That the Secretary OF the Treasury
ury any bonds Of the United states bearing 3h
per cent interest, and to- issue IN ek-
change therefor an equal amount OF regie
nominatien Of $50. 500, $500. hooo and $40 900
of such form as he may prescribe bearing IN.
'terest at the rate Of three per cent per f t a
United States. Such bonds shall beexempt
from all taxation by or under State authority
States: prortdcd. that the bonds herein su-
thorized shall not be called and paid so long -
any bonds of the Omitted States heretoiore ~
three per cent, and which shall be redeema-
BILE at the pleasure of the United states, snaii
be ana as
shall be first called in. and this order OF pay
ment shall be followed until all shall have
been paid.
seq II. That the Secretary of the Treasury
is authorized and directed to receive depQslos
of gold coin with the Treasurer or Assistant
Treasurers of the United States in sums not
in denominations of not less than $40 each cor.
responding with the DENOMINATIONS or Unfteu
States notes. The coin deposited for or repre-
senting the certificates of deposit shaiFDe re-
same on demand Said certificates shan be ~ !
ceivable for customs, taxes, and all pubic
dues, and when 60 reeoi vedsmaysbe reassaed.
when held by any National thanking aseociar
ton, shall be counted as part of its lawful re-
serve; and no banking association shall be $
member Of any clearinghouse in wh1ch euch
ment OF clearinghouse balances; T1sUrNc0
that the Secretary of the Treasury shall sus-
pend the issue of such certificates swhersver
Treasury reserved for the redemption Of
United States notes fails belowg&l0 O .0W 900
and the provisions OF Sect. 2F OF the Revised
Statutes shall be applicable to certificates
SEC i8 That any officer, CLERK, Or agent Of
any misunderstanding association who shall
wflfully violate the provisions of the ace en- 2
checks by National Banlzs," approved March
B 1889, being Section 6, 20S of the Revised stat
utes. or who shall resort to any device of re- ?
ceiving fictitious obligation. direct or collatr
or who shah certify checks before the amosint
shall hayebeen regul rly rcnteredto the cfedtt
of the dealer upon the books Of the BANKING
association, shall be deemed guilty Of q ntede-
Circuit or District Court of the United States
be fined not more than 5000, or shall be im-s
prisOned not more than five years, or both, In
the discretion OF the Court.
SEC. IA. That Congress may at any time
amend, alter, or repeal this act, and the acts
of which this is arnendatory.ss fsF2 xgs.7 y ~