PAGE. NATIONAL BANKS-Continued: REDEMPTION, in case of voluntary liquidation; notice to holders...... 128 compulsory liquidation; notice to holders.. 132 by Treasurer, regulations concerning..... 53 156 Comptroller, provisions concerning..... provisions relating to, by banks while in operation........... 120-122, 135 REDEMPTION AGENCIES in New York city to be selected by banks in Albany, Bal- 122 selection of, not to relieve banks from obligation to redeem REMOVAL OF BANKING ASSOCIATIONS, from one state to another....... REPEAL OF ORIGINAL BANKING ACT........ REPORTS, not less than five, to be made by each bank during the year...... form of, to be prescribed by Comptroller......... to be verified, and how; what to exhibit... published; where and how; expense to be paid by banks; proof special, may be required; when. penalty for failure to transmit...... of dividends and of net profits to be made to Comptroller......... RESERVES to be kept by currency banks for purposes of redemption. (See Gold 122 157 141 149 150 120 of banks in redemption cities to be not less than 25 per cent. of aggre- of all other banks not less than 15 per cent.... of banks whose notes are redeemed in New York may, to the extent of banks in redemption cities may, to the extent of one-half, consist of 122 of all banks may consist in part of clearing-house certificates.. corporate, may be adopted by banking associations....... 121 121 122 102 105 To authorize the voluntary exchange of securities deposited................. excess..... .... 155, 156 111 and to prescribe the conditions of exchange in case of depreciation......... 117 appoint one of four persons to superintend the burning of worn-out and muti- 116 and prescribe regulations relative thereto...................... 116 designate banks as depositaries, and make regulations concerning them.......... 130 130 regulate the manner of notifying holders of the notes of insolvent associations, 132 132 withdrawal of circulating notes by banks of issue.................... 146 issue temporary loan certificates........ and redeem and cancel the same in proportion to increase of national SHARES, par value of, $100........ of State banks when converted into national, may continue as before....... 129 SHAREHOLDERS, names and residence to be stated in preliminary certificate....... entitled to one vote on each share....... delinquent, may not vote.......... may be sold out on notice..... by transfer, succeed to rights and liabilities of prior holders........ 108 28, 147 29, 153 by vote of two-thirds in interest may reduce capital stock........... 109 or go into liquidation......... limitation and conditions of reduction...... list of, provisions concerning........... SOLICITOR OF THE TREASURY, to have supervision of suits, &c...... SPECIAL AGENT for investigation of banks...................... appointed by Comptroller with approval of Secretary.. .................... 127 109 125 138 132 132 132 NATIONAL BANKS-Continued: STATE BANKS, converted into national; liability of shareholders-when limited to amount invested...... when to pay tax due from former bank..... conversion of, how effected.... shares to remain as before; directors continued..... receiving assets, acquire liabilities of old banks. PAGE such assets include right of action for damages resulting from may continue to hold stock in other banks........ when to commence business; conditions annexed........... 130 130 SUITS AND PROCEEDINGS, against banks under the banking laws, to be conducted private counsel may appear in............................. where and in what courts to be had........ 129, 145 ..... 138 138 138 different opinions in Massachusetts and New York...... 138-139 to be instituted by Comptroller in his own name. amount of, may be reserved by Treasurer out of in- terest falling due on bonds deposited................ 126 semi-annual returns to be made, relative to circulation, deposits, and capital. 126 verified by oath of president and cashier.... in case of default in making returns, how assessed.... penalty for such default, and how collected....... of ten per cent. on notes of State banks paid out; held by Supreme Court 126 126 126 145 applies to notes which a bank pays out of its own issue.... 145, 146 liable for value of stock.... UNITED STATES BONDS, definition of, as used in banking laws.. may sign circulating notes............... 160-164 106 103 105 115 VOLUNTARY LIQUIDATION, may be ordered by vote of shareholders......................................................... 127 Fractional, not to be issued by individuals, private corporations, or banking asso- 45 NOTES-Continued: Of individuals and of State banks, paid out, ten per cent. tax on.... (See United States Notes. Old Demand Notes. National Banks.) OBLIGATION: 0. Of the United States to pay in coin, according to contract....... Originally limited to fifty millions......... Increased to sixty millions, and date of issue limited....... but equivalent to coin for public dues, duties, &c....... When presented, are redeemed in coin and canceled... No longer issued...... OREGON WAR DEBT: Origin of......... Bonds payable to order, with coupons payable to bearer.. transferable by assignment only...... OVER-DUE COUPON BONDS: Legal rules applicable to.... OVER-ISSUE: Of bonds, notes, or currency; none ever redeemed or presented for payment......... 25 Withdrawn, and fractional currency substituted. (See Fractional Currency).......... 47 REBATE OF INTEREST: R. When exacted; what interest subject to...... Detached coupons, when subject to. (See Interest.)...... REDISTRIBUTION OF CURRENCY NOTES: (See National Banks).. REDUCTION OF THE PUBLIC DEBT: By purchase of bonds; authority for............. By operation of the sinking fund....... REGISTERED BONDS: Transfer of, regulations concerning...... of stock during such period; how it affects payment of interest........... 57, 69 Power of attorney to collect interest....... Interest on, of funded loans, payable by check sent through the mails................... Designation to be made by holders... Interest on, when not claimed......... RESERVES: 70 69 69 Of United States notes in Treasury, authorized by law; acts relating to........... 37, 39 limit of reserve forty-four millions...... Of coin in Treasury. (See Coin)............................ 38 Of lawful money to be kept by banks. (See National Banks)...... 27, 28, 120-122, 147 RULES AND REGULATIONS: For redemption of mutilated and defaced currency.... transfer of registered bonds................................. duplicating certificates, when lost or destroyed....... payment of interest on registered bonds....... payment of detached coupons.......... Practically governing the management of the sinking fund. Relating to the payment of duties by national banks....... S. 154 49-54 55-60 62-64 66-68 69, 70 73-75 76, 77 82-85 160-164 SALES OF BONDS, in case of insolvent banks. (See Comptroller of the Currency.) 133, 156, 157 |