Page:United States Statutes at Large Volume 18 Part 1.djvu/1069

 'hrr.11 Lxrr.—NATIONAL BANKS.—C1-1. 1-2. 997 strictionsimposed by this Title, notwithstanding all the steps prescribed by this T1tle_for the organization of associations were not pursued, if such associations were duly organized under that act. C H A P T E R T W O. OBTAIKIRG AND ISSUING CIRCULATING NOTES. Sec. l Sec. 5157. \Vhat associations are governed by 5175. Limit to issue of notes under five _ chapters 2, 3, and 4. · dollars. 5158. Registered bonds intended by the · 5176. Limit to amount of circulation of term "United States bonds.’ certain banks. 5159. Deposit of bonds required before is-5177. Limit to aggregate amount of circusue of circulating notes. lating notes. 5160. Increase or reduction of deposits to 5178. Apportionment of aggregate amount correspond with capital. of circulating notes. 5161. Exchange of coupon for registered 5179. Equalizing the apportionment of bonds. circulating notes. 5162. Manner of makingtransfers of bonds., 5180. How the necessary amount of notes 5163. Registry of trans ers. l shall be withdrawn. 5164. Notice of transfer to be given to as- ‘ 5181. Removal of association to another sociations interested. State. 5165. Examination of registry and bonds. 5182. For what demands national-bank 5166. Annual examination of bonds by as- notes may be received. sociations. 5183. Issue of other notes prohibited. 5167. Custody of bonds, collection of in- 5184. Destroying and rep acing w0rn—out terest, &c. and mutilated notes. 5168. Comptroller to determine if associa- 5185. Organization of associations to issue tion can commence business. gold-notes authorized. 5169. Certificate of authoritytocommence 5186. Their lawful-money reserve, and banking to be issued. duty of receiving notes of other 5170. Publication of certificate. associations. 5171. Delivery of circulating notes. 5187. Penalty for issuing circulating notes 5172. Printing, denominations, and form to unauthorized associations. of the circulating notes. 5188. Penalty for imitating national-bank 5173. Plates and dies to be under control notes, &c. of the Comptroller. 5189. Penalty for detacing, &c., national- 5174. Annual examination of plates, dies, bank notes. &c. Sec. 5157. The provisions of chapters two, three, and four of this _Whatassocia- Title, which are expressed without restrictive words, as applying to §°¤¤£¤‘€é01'¤g¤¢; "national bankinrg associations,” or to "associations," aplply to all asso- m{d';_“P " * · ciations organize to carry on the business of banking un er any act of Congress. Srcc. 5158. The term "United States bonds," as used throughout this _ Registeredbond chapter, shall be construed to mean registered bonds of the United fséfigegggitgs States. Sum bonds"., 3 June, 1864, c. 106, s. 4, v. 13, p. 100. Sec. 5159._ Every association, after having complied with the lpro- Depositofbonds VISIODS of this Title, preliminary to the commencement of the ban mg r¤qu¤red_bcfore_isbusiness, and before it shall be authorized to commence banking busi- zmgf °“'°“l“*'“8 ness under this Title, shall transfer and deliver to the Treasurer of the United States any United States registered bonds, bearing interest, to 28‘_‘}y:;,1(§·&,}°‘;· an amount not less than thirty thousand dollars and not lcss than one- 343,.,* 18,  124; ' third of the capital stock paid in. Such bonds shall be received by the Treasurer upon deposit, and shall be by him safely kept in his office, until they shall be otherwise disposed of, in pursuance of the provisions of this Title. _ Sec. 5160. The deposit of bonds made by each association shall be I¤5=¤¤¤¤¢ OT ¤‘9· mcrcased as its capital may be paid up or increased, so that every asso- :;‘;’3_‘:8°f ciation shall at all timcs have on deposit with the Treasurer registered c,,p,m_ P0 United States bonds to the amount of at least one-third of its capital "3 stock actually paid in. And any association that may desire to re uce 106, s. 16, v. 13, p. its capital or to close up its business and dissolve its organization, may 104-