HOLDERS OF GOVERNMENT SECURITIES-Continued: To select place for payment of interest on registered stock......... INTEREST: I. PAGE. 69 70 When payable in coin...... When it ceases to run...... On registered bonds, where payable.................... 9, 25, 74, 75, 76, 78, 154 transferred after books are closed, to whom payable..........57, 69 disposition of, when not claimed in ninety days......... 'On coupon bonds, how and where collectable.................... in cases of called bonds or detached coupons.. May be paid before maturity; when subject to rebate.......... Collection of, on bonds deposited with Treasurer by national banks.... L. LEGAL-TENDER NOTES: (See United States Notes.) Origin of the term; for what receivable...... For what they are not receivable......... Constitutionality of the laws relating to.. Dates and descriptions of issues..... LIABILITY: (See National Banks.) Of stockholders in national banks; extent and enforcement of............................... banking associations; limitations and restrictions affecting.. 69 69, 70 70 70, 71 76, 77 71 87 117 79-82 35 42 41 42, 43 108, 134 If registered, notice of loss to be given Treasury Department.. MUTILATED CURRENCY. (See United States Notes; Fractional Currency.)............... 49 134 124 ASSIGNMENT of depositor's claim, after failure of bank and before appointment of receiver, not good as a set-off in favor of a debtor of the bank.... 129 BAD DEBTS defined; to be deducted from net profits before dividend... BANKING ASSOCIATIONS, how formed. (See Organization.)................. no limit to number of, or to aggregate amount of capital... must deposit bonds whether circulation is obtained or not 103, 104 103 103 103 104, 109 140 120 sufficiency of proof concerning formation of, a question for Comptrol- BANK NOTE PAPER. (See Counterfeiting.)........ BANK RESERVES. (See Redemption Agencies. Reserves.....).................................. exceed that imposed on State banks...... 126, 127 but may equal the highest rate imposed, when a lower rate exists BILLS OF EXCHANGE, discount of, when not usurious..... may be issued in lieu of coupon for purposes of deposit................................ 111 127 120 103, 111 deposited, amount necessary to perfect organization......... 110, 111 always to equal one-third of capital stock actually paid in....... 111 transfers of, by Treasurer, to be countersigned and recorded by 113 to be examined annually and compared with Comptroller's 116, 117 result of examination to be certified to Treasurer by such officers 117 to be held exclusively as security for redemption of notes; de- 117 may be exchanged for other United States bonds.......... 117 returned on surrender and cancellation of circulating or on deposit of lawful money.. cannot be retained as security for other claims of the United sale of, by Comptroller, for purposes of redemption. 118 128, 157 128 133 117 certificate authorizing such commencement to be published 112 BY-LAWS to be established by board of directors... 106 may, subject to the provisions of the act, regulate the transfer of stock, 106 fifty per cent. to be paid in before commencing business............................ 109 110 to be deemed personal property...... 108 mode of transfer to be fixed by articles or by-laws..................... 106, 108 109 109 124 110 reduction of, how effected; limitation of............................ not realizing amount due and expenses, forfeited...... 110 regulations for payment of duty on.. CASHIER, to be appointed by board of directors... bank responsible for his acts....... limitations of responsibility, when not effectual.. when his authority may be inferred to give security, if required by association..... may certify payment of installments of capital. 110 162, 163 105 105 105 105 105 110 112 112 125 .117, 126, 128, 150, 151 verify final statement of organization. sign memorandum on bonds transferred to Treasurer to keep list of stockholders........ may verify reports, returns, &c... may waive protest.... the act of, by competent officers, creates a valid obligation on contrary to law, subjects banks to proceedings for closing up, 151 151 139 CHARLESTON, when to be added to list of cities where banks may hold three-fifths 153 153 PAGE. NATIONAL BANKS-Continued: $25,000,000 of, redistribution of, in States having less than their CIRCULATING NOTES, how provided; denominations and form of.... plates and dies to remain in charge of Comptroller...... not more than one-sixth to be under $5.......... 115 125 113 115 115 none under $5, after resumption of specie payments......... worn-out or mutilated, to be replaced....... 118 116 provisions relating to, 53, 121, 122, 128, 132, 135, 156, 157 121, 122 of banks in other places, to be redeemed at a bank in either of 122 of each bank to be received at par by every other bank........ 122 149 authorize associations, when duly organized, to commence busi- ness...... 105, 112, 130 examine and determine when associations are entitled to such author- 112 issue his official certificate for that purpose; contents of....... 112 record and countersign transfers of bonds belonging to associations..... 113 113 deliver to associations which have complied with the law their quota 114 furnish gold notes to associations organized as gold banks... 154 NATIONAL BANKS-Continued: COMPTROLLER OF THE CURRENCY-Continued: Duties and Functions of: PAGE To supervise the engraving of plates and dies....... 115, 125 replace worn-out, mutilated, and lost notes....... 116 116 117 117 122 and to make good any deficiency in lawful money reserve................. 121 131 132 in case of insolvency, and within thirty days after notice of failure, 132 133 135. and from time to time, after providing for any deficiency in .... 151 appoint from time to time, with approval of Secretary, examiners of 137 140, 141 make an annual report to Congress; contents of...... 153. 153 make requisition on banks having a surplus circulation for a pro rata 156- in case of non-compliance, to sell bonds of defaulting association to an 156 tives make regulations, subject to approval of Secretary, for removal of 157 pay 158 |