Page:United States Statutes at Large Volume 18 Part 1.djvu/1070

 998 Tr·rr.r·: r.xr1.—NATINAL BAN KS.—Crr. 2. take up its bonds upon returning to the Comptroller its circulating notes in the proportion ereinafter required, or may take up any excess of bonds beyppd olng-thilrd of itg capital stock, and upon which no circulatin notes ve en e ivere. E¤¢h¤¤z¢_0f¢=¤¤-  5161. To facilitate a compliance with the two preceding sections, gg3d?' “’€"’*°"’d the Secretary of the Treasury is authorized to receive from any associa- .—;.i... tion, and cancel, any United States coupon bonds, and to issue in lieu 3 ·l1111°» 186*% ¤· thereof registered bonds of like amount, bearing a like rate of interest, w6"‘16*""13*P‘104· and having the same time to run. Manner of mak- Sec. 5162. All transfers of United States bonds, made by any associa- 1118 *1`°11¤f°1'¤ Of tion under the provisions of this Title, shall be made to the Treasurer of T2.; the United States in trust for the association, with a memorandum written Ibid.,¤.19,p.l05. or printed on each bond, and signed by the cashier', 0I' Some other officer of the association making the deposit. A receipt shall be given to the association, by the Comptroller of the Currency or by a clerk appointed by him for that purpose, stating that the bond is held in trust for the association on whose behalf the transfer is made, and as security for the redsgptippd and payment of any cippulating notes that have been or be rve to suc association. o assignment or transfer of any suc lppd by Hre Tpealsurérl shall be deemed valid unless countersigned by the ‘ m tro ero the ·rrenc·. Registryoitmns- Sah. 5163. The Comptroller of the Currency shall keep in his Office f°”· a book in which he shall cause to be entered, immediately upon counter- Ibid.,¤¤. 19,20. signing it, every transfer or· assignment by the Treasurer, of any bonds be ongm to a national banking association, presented for his si nature. [-1% shall state in such entry the name of the association fiom whose accounts the transfer is made, the name of the party to whom it is made, and the par value of the bonds transferred. Notice of trans- Sec. 5164. The Comptroller of the Currency shall, immediately upon @‘°°'°" ‘“t‘*" urer, of any bonds belonging to a national banking association, advise -%— by mail the association from whose accounts the transfer is made, of Ibm-- S- l9· the kinmanldupumerical designation of the bonds, and the amount thereof so trans er. Examination of Sec. 5165. The Comptroller of the Currency shall have at all times, '°8'°t"Y”·‘1db°“d”- during office-hours, access to the books of the Treasur·er of the United Ibid.,s. 20. States for the purpose of ascertaining the correctness of any transfer or assignment of the bonds deposited by an association, presented to the Comptroller to countersign; and the Treasurer shall have the like access to the book mentioned in section fifty-one hundred and sixty-three, during office-hours, to ascertain the correctness of the entries in the same; and the Comptroller shall also at all times have access to the bonds on deposit with the Treasurer, to ascertain their amount and condition. annualexamina.- Sec. 5166. Every association havin bonds deposited in the office of mgtigssds by the Treasurer of J e United hSta:>es (fhall, (pncg or oftener in each tiscali ...1,,;;. rear, examine an com re the Jon s e e by the association wit Ib1d-.&25.r>·106- the books of the Complliioller of the CuIih·en€y and with the accounts of the association, and, if they are found correct, to execute to the Treasurer a certificate setting forth the different kinds and the amounts thereof, and that the same are in the ossession and custody of the Treasurer at the date of the certificate. Shch examination shall be made at such time or times, during the ordinary business hours, as the Treasurer and the Comptr·oller·, respectively, may select, and may be made by an officer or agent of such association, duly appointed in writing forvthat purpose; and his certificate befor·e mentionedpshall be of like force and vali ity as if executed by the president or cashier. A du licate of such certificate, signed by the Treasurer. shall be retained by the association. Custodyofbonds, Sr-tc. 5167. The bonds transferred to and de osited with the Treasurer .J...;__.._  notes, shall be held exclusively for that urpose, until such notes are wg -;*133  3 eemed, except as provided in this Title. [The Comptroller of the Cuv- ,0.,1 ‘ ’ ‘ 1rency Shall give t0_ any such association powers of attorney to 1‘eCe1\‘9 and appropriate to its own use the interest on the bonds which it has so
 * 61 fe 119 811*911 *0 countersigning and entering any transfer or assignment by the Treas-
 * §:l‘§;‘°“ 0* ‘“*°" of the United States, by any association, for the security of its circulat-