Page:United States Statutes at Large Volume 44 Part 2.djvu/1268

 1228 sixirrmnrn oomsnss. sms. 11. og. 191. iezv. amount of such increase is paid in and notice thereof, duly acknowl- ed ed before a notary pu lic by the president, vice president, or caghier of said association, has been transmitted to the Comptroller of the Currency and his certificate obtained specifying the amount of such increase in capital stock and his approval thereof, and - that it has been duly ai in as part of the capi of such association: nam. Provided, however, ghat a national banking association mag, with By °°°°k °md°°d" the approval of the Comptrolllleih of Enh; Currelpcy¥ ancll by t e vote o s areholders owning two-t ir s o t e stoc o suc association increase its capital stock b the declaration of a stock dividend; provided that the surplus of, said association, after the approval of the increase, shallbe at least equal to 20 per centum of the capital olgeggxggynmw stock as increased. Such increase shall not _be effective until a ' certifgcatie certifymgézo such declaration; of_g1vidend,ts1gned§>ydthe resi en vice resi en or cas 1er o sai associa ion an u y gcknowledged bgfore a notary public shall have been forwarded to the Comptroller of the Currency  his certificate obtpgnpd speci}- fyinglgme amount of such increase 0 capital stoc y stoc ivi en, and ' ap roval thereof." gogd <>Yg{g•b¤¤·¤m_ Sno. 6. Ylghat section 5150 of the Revised Statutes of the United ¤¤»h&i.°° '°` States be amended to read as follows: C*¤¤**m¤¤*bm°'· " Sno. 5150. The tgresident of the bank shall be a member of the board and shall be 2 clilairman ghereof, llngt tac board mp.y}des{)g)na(t1e a director in lieu o t e presi ent to c airman o t e ar, ho shall rform such duties as ma be designated by the board.’ §*g¤°g;* glfsmm wSao. 7. 'lzliat section 5155 of the Igevised Statutes of the United amehdéd. ' ’p' ' States be amended to read as follows: _ _ _ °°°dm°"‘ " Sno. 5155. The conditions upon which a national banking asso- ciation may retain or establish and operate a branch or branc es are the following: m§g‘,f,°j’°° °“°"°" ‘° "(a) A national banking association may retain and operate ` such branch or branches as it may have in lawful operation at the date of the approval of this Act, and any national banking associa- tion which has continuously maintained and operated not more_ than mggeggtxggdferw one branch for a period 0; nipreitihan twenty- _ve years immediately ' preceding the approva o t IS ct may continue to maintain an 0 crate such branch. ,,]E,{,d“f§‘,§  p“ (b) If a State bank is hereafter converted into or consolidated with a national banking association, or if two or more national _bank- ing associations arteh consolidated, sutéh cplngeigked or consoéidated association ma wi r ect to any 0 suc a s retain an oper- gte any of the§lprznchi•;iw1hich may aliawéeubeeg in, lawful operation an atte ateo eap,pr0v o e c. m,"€g’§§b§$'§i{?,{¥,{§;’§" y“ (cl A national banking association may, after the date of the ‘ approval of this Act, estab ish and operate new branches within the limits of the city, town, or village in which said association is situated gt st1;c%)1a;it:€liil1Bxn¢;n§va1;d;hopéa:a;;iqn are lat the time permitted to a ea o e aeinquesion. u,$Y°dm°" p°”'m1°` “$2 No brznch shall be established after the date of the approval of t ` Act within ghe limits of apiy city, town,] or village o whéch the opulation by t e last decenni census was ess t an twenty- ve ,,°1;gj’“*F“°“ ““"“‘ thoursand. No more than one such branch may  thus established where the population so determined, of such mumcipal unit does not exceed fifty_t.1ousand; and not more than two such branches where `§.%`}1“% ‘l.°1?3.‘$°ti.2‘p°?>‘§1duf.‘l?0*§“§’§1O2Z‘?1."l‘i.`2“ilf;.1$3 ?1§`.§.S§‘§S the determipaflioiéo of thelpumpeiil og branches shall be within the d` t` n t e m tro ero t e urrency. C°‘“P‘ l§?{:)“l'5Io0 branch of) any national banking association shall be ' established or moved from one location to another without first