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ing and insurance, the following fees and taxes shall be paid to the commissioner of banking and insurance for the use of the state: for certificate of incorporation, twenty cents for each thousand dollars of the total amount of the capital stock authorized, but in no case less than twenty-five dollars; for certificate of increase of capital stock, twenty cents for each thousand dollars of the total increase authorized, but in no case less than twenty dollars; for certificate of extension or renewal of corporate existence of any safe deposit company, the same as required by this act for the original certificate of incorporation; for certificate of dissolution of company, change of name, or for amended certificates of incorporation (other than those authorizing increase of capital stock), twenty dollars, and for all certificates not hereby provided for, five dollars.

9. This act shall take effect immediately.

V.

General Repealing Act.

LAWS OF 1899, CHAPTER 177.

Being "AN ACT TO REPEAL SUNDRY ACTS RELATING TO BANKS, BANKING, SAFE DEPOSIT AND TRUST COMPANIES."

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

1. The act entitled "An act to authorize and regulate the business of banking," approved April ninth, one thousand eight hundred and seventy-five, and all acts amendatory thereof and supplemental thereto, are hereby repealed.

2. The act entitled "An act giving stockholders of any bank or banking institution in this state one vote for each share of stock held," approved March twenty-fourth, one thousand eight hundred and ninety-two, is hereby repealed.

3. The act entitled "An act to facilitate the giving of security on official and other bonds," approved April fourth, one thousand eight hundred and eighty-four, is hereby repealed.

4. The act entitled "An act for the incorporation of safe deposit and trust companies," approved April twentieth, one thousand eight hundred and eighty-five, and all acts amendatory thereof and supplemental thereto, are hereby repealed.

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5. The act entitled "An act relative to banking, guarantee, safe deposit and indemnity corporations,' approved May seventh, one thousand eight hundred and eighty-nine, is hereby repealed.

6. The act entitled "An act concerning bailments," approved March first, one thousand eight hundred and ninety-three, is hereby repealed.

7. The act entitled "An act relative to safe deposit and trust companies," approved June tenth, one thousand eight hundred and ninety, is hereby repealed.

8. Nothing herein shall impair or annul any vested rights, privileges or powers heretofore obtained and used under authority of said acts or any of them, and all corporations which have heretofore availed themselves of the provisions of said acts may continue to enjoy the rights and advantages which they now enjoy and exercise by virtue thereof; this act shall not revive any act heretofore repealed.

9. This act shall take effect immediately.

INDEX.

The references are to pages. Pages 5-28 relate to the banking law, pp. 29–52 to
the trust company law, and pp. 53-58 to the safe deposit law.

A.

Acknowledgment, of certificate of incorporation, 6, 30, 55.

Acts repealed, 59.

Administrator, trust company may act as, 35.

Agent, trust company may act as, 33.

Amendments of certificate of incorporation, 10, 38.

Annual meeting of stockholders, 11, 39.

Annual reports to Legislature, 25, 49.

Apartments, bank may rent, 9.

Application of banking act, 27.

Application of trust company act, 51.

Assignee, trust company may act as, 35.

Attorney-General may proceed against unsafe banks and trust companies,
20, 16.

may proceed against delinquent banks and trust com-
panies, 20, 47.

may apply for receiver on insolvency, 23, 47.

Authority, certificate of, 7, 32.

publication of, 8, 32.

B.

"Bank" defined, 27.

"Bank" or " banking" to be part of name of every bank organized under

act, 5.

not to be used as part of name of corporations here-

after organized under other acts, 5.

Banking business defined, 8.

Bank notes, issue of, prohibited, 18.

Banking and insurance, department of, 1.

See Commissioner of banking and insurance.

Banks, formation of, 5, 6, 7.

amount of capital stock of, 5.

amendment of charter, etc., of, 10.

annual meeting of, to be held on second Tuesday of January, 11.

The references are to pages. Pages 5-28 relate to the banking law, pp.
the trust company law, and pp. 53-58 to the safe deposit law.

certificate of incorporation of, 6.

certificate of authority to, 7, 8.

certificate of payment of capital stock of, 5.

contracts of, how signed, 17.

29-52 to

corporate existence begins on filing certificate of incorporation, 7.
directors of; see Directors.

examination of by commissioner of banking and insurance, 19.
order of court of chancery, 21.

fees to be paid by, 24.

increase of capital stock of, 10.

insolvence of, 23; see also Receivers.

list of stockholders of to be kept, open to examination, 11.
loans to officers of, regulations concerning, 13.

may buy and sell bills of exchange, 9.

foreign coins, 9.

gold and silver bullion, 8.

promissory notes, mortgages, etc., 9.

discount bills and notes, 8.

exercise business of safe deposit company, when, 9.

purchase, hold and convey real estate, 9.

receive deposits of money, 8.

change name, 10.

charge lawful rate of interest, 16.

extend corporate existence, 10.

invest 25% of capital and surplus in building, etc., 9.

surrender corporate franchise and dissolve, 25.

take interest in advance, 16.

must create surplus fund, 12.

elect directors annually, 11.

have at least five directors, 11.

have reserve, 18.

make not less than four reports annually, 14.

publish abstracts of reports, 14.

notice of annual meeting, 11.

name of, to contain word "bank" or

not to issue circulating notes, 18.

66

'banking," 5.

proceedings against, for refusal to submit to examination, 20.
taxation of, 26.

unsafe, proceedings against, 20.

vested rights of, preserved, 27.

Bonds, cashiers to give, 18.

trust companies may issue, 34.

register and countersign, 33.

By-laws, to fix hour for annual meeting, 11, 40.

terms of office of officers, etc., 12, 40.

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