Page:United States Statutes at Large Volume 18 Part 1.djvu/1064

992 Trru: Lxn.—XAT1ONAL BANKS.——Ch. l. T I T L E L X I I. NATIONAL BANI(S. CHAPTER ONE. ORGANIZATION AND POWERS. Sec. I Sec. 5133. Formation of national banking as- I 5146. Heqpisite qualifications of directors. sociations. - 5147. Oap required from directors. 5134. Requisitesof organi tio certificate. 5148. Pi ing vacancies. 5135. How certifidcatfgdshgll ble acknowl- 5149. Prpcesdingi where nic election is ed an ti . el on the proper ay. 5136. Corpbfgte powers of asociations. 5150. Election of president of the board. 5137. Power to hold real property. 5151. Individual liability of shareholders. 5138. Requisite amount of capital. 5152. Executorsi tqustees, &c., not per- 5139. Shares of stock and tran ters, sonally iab e. 5140. How paymeng of the cgpgal stock 5153. Dutietid and gabilities whep degigmust be ma e and rov . na as epositaries o pu ic 5141. Proceedings if shareholder fail to moneys. pay instpllments. 5154. Organiiafgmkof State banks as nn- 5142. Increaseo capital stock. tiona n ing associations. 5143. Reduction of capital stock. 5155. State banks having branches. 5144. Right of shareholders to vote. 5156. Reservation of rights of associatiom 5145. Election of directors. organized under act. of 1863. _ For-mationoi na- Sec. 5133. Associations for carrying on the business of banking under '¤<>¤}¤l_ b¤¤l<1¤8 ¤S· this Title may be formed by any number of natural persons, not less ln “°"“‘“°“s· any case than five. They shall enter into articles of association, which 3 June, 1864, c. shall s cif in eneral terms the ob act for which the association is JE dv B . l . . . . . }%» 9- in V- 13· P- forrne , an may contain any other provisions, not inconsistent with law, 26 June 18.,4 c which the association may see nt to adopt for the regulation of its buslq43,,._18,},_ 1233ness and the conduct of its affairs. These articles shall be siglned by the persons uniting to form the association, and a copy of them s all be foryvarded to the Comptroller of the Currency, to be nled and preserved in is office. [SM $824-1 The act of June 20, 1874, c. 343, v. 18, p. 123, declares "that the act entitled ‘An act to provide a national currency secured by a pledge of United States bonds and to provide for the circulation and redemption thereof,' approved June third, eighteen hundred and sixty-four, shall hereafter be known as ‘ the nationakbank act.’ " Requisites of or- Sec. 5134. The persons uniting to form such an association shall, under gapization certrfi- their hands, make an organization certiticate, which shall specifically °“ ‘*· _ state: 3 June, 1864,c. First. The name assumed by such association; which name shall be 106, S. 6. v- 13. l>· subject to the approval of the Comptroller of the Currency. lm- Second. The p ace where its operations of discount and deposit are t0 be qarrred on, designating the State, Territory, or district, and the particu ar county an city, town, or vil age. Ll`h}irdH The amount 05 catpisal stock and the number of shares into w ic the same is to be ivi e . hFonrth). Th: nannies End]. places of residence of the shareholders and t c nuln er 0 s ares e by each of them. Blifth. The fact that the certificate is made to enable such persons to avail themselves of the advantagesof this Title. How certificate _ Sec. 5135. The organization certrtrcatc shall be acknowled d before a shall be acknowl- prdge of sonic court of record, or notarv public; and shall bg, to ether "‘lg"d md m°d· wrt the acknowledgment thereof, authenticated by the seal OTS1I0h Ibid. court, or notary. transmitted to the Comptroller of the Currency, who shall record and carefully preserve the same in his office. lS•¢ 5 ***·i·‘