im`; TITLE 12.»·-—BAIs.'1x'é R!·);>HMl"I.`ION AND REPLACEMENT %F CIRCULATING NOTES
Redomptidn of notes by Treasurer of United States; reserved in
d Treasury; disposition of notes uniit for use; expeuscst ELL;}. Uopqsits made with Treasurer to redeem qirculating notes; disposition. · ·‘ ° d ww 1:4·m=mptinn of notes by baxrk at own counter. L3!. ¥;z-simying and rcgizélucing notes undt for use. °
}{•·¢IL‘lnlDtiOll of lost or stolen notes.
1:··xurn t0·Trcz1Sury _0i' qotcsrof failed or ·liquidating banks for
’ redemption. ~ ` ` WJ. Uicrical force for redemption of circulating notcsf 2·2;i»‘i-ZEUINGS ON F‘AILI?RE' OF BANK T0 REDEEM CIRCU- · _ LATING NOTES 1:‘2.'Pmt<=st of notes; waiver. . _
- , Iiwxxxinxation of conditions. by special agent; forfeiture of bonds.
- ,_ f<¤Il[i!]U·i1Yg business after default, __ " - 4 ‘ _
1:,;. Nqtire by ccmptrollcrto holders to present ·u0tcs for` payment; A ;;»den1ption-; c:&¤ccllatig>u~ of bonds. , gra". lxigfxosition ot redeemed notes; perpetuation of- evidence df pay- ment. ` wz. ("i1Il(‘t‘H&ifi0Il of redeemed notes. _ ,
- ..7_ $
- 130 of boudé gt auction; lien on assets. l
`1·~. Sale of bonds afprivate, sale. ` RESERVE CITIES; LAWFUL RESERVES sz!. (‘o¤tral` reserve and reserve cities; dcsigxiation. _ 14;:. Hanks in reserve cities;. rescréos. · • ° » 31::. Béiinks in Alaska and- insular possessions; lawful money, reserves. » 1:;. Certain balances countcdwoward reserves in Alaska and insular ' y possessions. , n ` · l ' 1*3. Trvasury nutvs. -— mz, Gold and silver certificates. , FORMA'1‘ION OF ASSOCIATIONS TO `ISSUE GOLD NOTES @11. FOz·;:aniz:1tl¢»n of associ:-ngions to `issua gold notes. . 11;. !.uwfrxl money .re·scrve _`ot nssociatidns issuing gold notes; re- · ceiving notes ot other associations. . ‘ _ }.".ZZ,'L`0¤V0i‘Si0¤ of gold banks into currency hunks; BANK EXAMINA.f1‘IONS·;_ REPORTS wt. K1}[70l'tS-O Comptroller of the Cux·`ren_cy; publication. - . V 1·2;:, Ve-rificaticn otreports. _ · ., d I · Mu:. l:··pm·t nt dividends and net earnings,. E Mi 1·4·ma1ty fqr failure to m`ake reports. I ` 1*3,} Limitation of visitorial powers. · '· M;e<<`l·JLI.ANl·Z(){JS PROVISIONS REGARDING UNl~'l`1?.D STATES _ BONDS IN RELA'1‘ION TO NATIONAL BANKS. ` 1*1*. Taking i1p_b0nds; return of circulation notcs. Mb. Exchange of coupon for régisrcrcd bonds. 170. 'l`rumsfcr ct `bpndsr manner of making. ‘1‘I1'._Hr·;:istry of transferred bonds. - 172. Nntirg of transfers, · . W32. limmluaticn of registry and b0¤d¤.. . 174; Annual exnminatfo11 ot bonds by associut_l¤»¤s. U3. t‘u»;t0dj* ct bonds and collection of interest. , Hf:. \`s']UXul'I%'£il ot notes on deposit ot mouvy and withdrawal L of bonds, · _‘ M Y · · 14,7. Amount at baud; mquired `on deposit; reduction ot amount -0: retirement in full of circulating notes. . . 1'Z-. Withdrawal of qotes on- deposit ot money and withdrawal of " bqnds ‘0r‘ other securities. I a VOLUNTARY IHSSOLUTION 151. Vuluptdry dissalutinm. · 1-::. Notice of intent to dissolve. _ , _ us:. lneposit of money tg. redccmputstauding circulation. _ ·I*L}. lixumptian as to an. asscci¤tion·0nsclid¤ting with a¤0tber.` . “l‘=3. lwasstgnmentl at bands nqdiredcmptich 0( notesk ' r 1813. lmhtruction of redeemed notes. ‘ _ " &£ECEIVER8!IlP' ° r list. Gencrql grounds for appointment dt receiver. W1!. Dg£ault···1¤ payment ot circulating nqtrs. l · 192%. Named tg present qlalms. " _ » - l' W4. Dividends on adjugtgéd claims; distribution cl Assets. · W5. Injunctkm py baukdehying failure to redeem notes. lfyfi. Fees and cxpenséi. `,___, i · 197. Sharpholdcry meeting; .cmiti¤uqnée! of _1—eceivership; •§point»- ment, ot agent; winding up busiueég; distribution at assets.
z AND 1m1v1<1Nu § 24 Sec. . 198. Purchase by re=c<:ivm· of property of bank; rcquwst to c0m;m·nI1s~;*. 199. Approval of request. I 200, Payment. 4 %
ORGANIZATION AND GENERAI,`PROVISIONS
Section 21.- Formation of national bzmking associations; incorporatorsg articles of ass0ciation.—Ass0éiatio¤s for czxtrying on thé business of banking under this chapter may be formed by any number df natumi persons, not less in any. case than Eve. They shall enter mtg articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association. may secjip to adopt for thé regulation of i1;s.business..and the cmiduct; of its_aiTz1i1·$. These articles shall be signed by the persons ufiiting tq form the assneia-_ tipu, and a copy of tlxgmsslmli bc forwarded to the Comptroller of the'Curreucy, t'0` be med and preserved in his office. (R. S. § 5133.) · U . _ I _ A 22Q Organization certiiicate.——¢Tl;ne pcrsgns uniting to form such an association shall, under their hands, make an organi-— zatiou certiiicatc, whiéh shall spcciticzrliy state:· l First. The name assumed by such association; which mimp ‘ shall be subject to the approval of thé Comptroller of the Cm- . _ regncy. _` . Y I. - - Second;- The placéwherc its_ opersitionshof discount and deposit are to beecarried on, designating thé State,°'Ierrit;0ry, or Districtf and the particular county and city, tbwh, or village. Third. The amount oiycapital stock and the number of shares . into which thé same ié to be divided. — - Y . Q Fourth..'1‘hé names and places olfésidence of the shai;e· holders dxgd theinuzibér of shares held by each of them. »· Fifth. The; fact that thé kfertihcaté is made toyeimble such persons to`z1vni1 themsclvés-of the advantages of this chapter. (11. s. g 5134.) · . - ?~· _ 23; Acknowledgment and filing of cér¢iHcate.——The’"0rgn_ni-» zatiqn certmchtc shall be. ackn0w1edS€d before-a judge of some, court of reco1*dQ _0r u_0;Ery public; and shall be, together with the acknowledgment thereof, authenticated by the' seal of suck court, or notary; t·ransx nifted {0 the Comptroller of the Currcixcy, who shall record and carefully preserve the samé in his `otiice. wx; SL; 5125.) ‘ __ °___ _ _ · 24, Corporate powers of associations.-—Up0n duly; making and filing articles of association and an organization cértiiicntc ul national banking association shallbccomé, as from the date of thecngécution of its orgunizaxtiou certihénte, a. body corporate, and as; such, and in the name dcéignhted in the organjzation ccrtiiicatc, it shall have p0W0l‘-·j- _ ‘ ' First." To udoptand use u corporate seal, Second. To have succession until uinéty-rgine years from July . 1, 1922, loryfrom the date (if its` organization if organized after
July 1, .1922, unless it Shall bc sooner dissolved by the act of its shareholders pwning two-thirds of its stuck, 0: puulcss its
V tranéhise Shall bécome forfeitceyby reason of violation oflaw, } orunleés it shall be terminated by Act of Congress lxercufter `e¤acted.· ‘ · Third. To make contracts . , { Fourth.'T0 sue and bé sued, complain and defend, in amy. _c0urt of. law k1¤d_é<juity, as fully i1s‘;mtum§ pqrsuus. _. · Fifth. Ta clecf 01‘·&}}])0iI1t, directors, and by its board of directors xd appoint a president, vice présidpyt, cashier, ·andother ofécers, dehuc their duties, `require bonds of them und tix the penalty thereof, dismiss sinch officers or ahy of uw} at pleasure, and appoint others to ml their places. · { _ Sixth. To pfcscribc, tgy its board qt directors, byflaws not inconsistent with l{1W',’f€gU1&t.ill§_[ll€ manner in which its stock shallbc trunsférrqd, jts directors ckectéd or uppqiutcd, it*s boilicars upp0iut% its pmpcrty transferred, its genera;} busiru·~§.·
