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SUGGESTIONS FOR THEIR MANAGEMENT, AND à GENERAL FORM OF BY-
LAWS; ALSO, A DESCRIPTION, IN DETAIL, REGARDING THE
MANNER OF REDEEMING AND DESTROYING

NATIONAL BANK CURRENCY,

THE RULES AND REGULATIONS GOVERNING

THE REDEMPTION DIVISION,

A SYNOPSIS OF ALL INSTRUCTIONS ISSUED BY THE COMPTROLLER OF THE
CURRENCY AND THE TREASURER OF THE UNITED STATES

NOW IN FORCE, TOGETHER WITH OTHER USEFUL
INFORMATION TO NATIONAL BANKS.

NEW EDITION.

REVISED AND CORRECTED TO JANUARY 1, 1878.

PREPARED AND PUBLISHED BY

A. S. PRATT & SON, National Bank Agents,

WASHINGTON, D. C.

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PROVISIONS OF THE REVISED STATUTES

OF THE

UNITED STATES,

RELATING TO NATIONAL BANKS.

Title VII.

THE DEPARTMENT OF THE TREASURY.

CHAPTER NINE.

THE COMPTROLLER OF THE CURRENCY.

Sections 324 to 331 provide for the establishment of a Currency Bureau, the appointment of a Comptroller and Deputy Comptroller of the Currency, define their general duties and salaries, the bonds to be given by them, how the necessary clerks shall be appointed, an official seal, and make it the duty of the Secretary of the Treasury to assign suitable office rooms, vaults, &c., in the Treasury building.

Section 332 authorizes the Comptroller to cause examination to be made into the condition of any bank in the District of Columbia organized under act of Congress whenever he may deem it useful, and provides that he may, at his discretion, report the result of such examination to Congress, and how the expenses thereof shall be paid.

Section 333 provides that the Comptroller shall make annual reports to Congress, and defines the information to be given therein.

Title VIII.—The Department of Justice.

Section 380 provides that all proceedings arising under the laws governing national banks, in which the United States or any of its officers or agents shall be parties, shall be conducted by the proper district attorney, under the direction of the Solicitor of the Treasury.

Title XIII.-The Judiciary.

CHAPTER THREE.

DISTRICT COURTS—JURISDICTION.

Section 563 provides that the District Courts shall have jurisdiction of all suits by or against any national bank within the district for which the court is held.

CHAPTER SEVEN.

CIRCUIT COURT-JURISDICTION.

Section 629, as corrected by the act of February 18, 1875, provides that the Circuit Courts shall have original jurisdiction of all suits by or against any national bank in the district for which the court is held, and of all suits brought by any national bank, in the district for which the court is held, to enjoin the Comptroller or any receiver acting under his direction.

CHAPTER TWELVE.

PROVISIONS COMMON TO MORE THAN ONE COURT OR JUDGE.

Section 711 provides that the jurisdiction of United States Courts of all suits for penalties and forfeitures incurred under the laws of United States shall be exclusive of the courts of the several States.

Section 736 provides that all proceedings by any national bank to enjoin the Comptroller, under any law relating to national banks, shall be had in the district where such bank is located.

CHAPTER SEVENTEEN.

EVIDENCE.

Section 884 provides that every certificate, assignment, and conveyance executed by the Comptroller, in pursuance of law, sealed with his seal of office, shall be received in evidence in all places and courts; that all copies of papers in his office certified by him and authenticated by said seal shall be evidence equally with the originals, and that an impression of the seal directly on the paper shall be valid.

Section 885 provides that copies of the organization certificate of any national bank, duly certified by the Comptroller and authenticated by his seal of office, shall be evidence

of its existence, and of every matter which could be proved by the original, in all courts and places within the jurisdiction of the United States.

Title XXXV.-Internal Revenue.

CHAPTER EIGHT.

BANKS AND BANKERS.

Section 3410 provides that the capital of any State bank which has ceased or shall cease to exist, or which has been or shall be converted into a national bank, shall be assumed to be the capital as it was immediately before such bank ceased to exist or was converted.

Section 3411 provides that whenever the outstanding circulation of a bank shall be reduced to an amount not exceeding five per cent. of its capital existing when such circulation. was issued, and that whenever any bank deposits lawful money in the United States Treasury sufficient to redeem its circulation at par, such circulation shall be free from taxation.

Section 3412 provides that every national and State bank shall pay a tax of ten per cent. on the amount of the notes of any person or State bank, used for circulation, paid out by them.

Section 3413 provides that every national and State bank, or banker, or association, shall pay a tax of ten per cent. on the amount of the notes of any town, city, or municipal corporation paid out by them.

Section 3414 provides that a true return of the monthly amount of circulation, deposits, and capital, and of the notes of persons, town, city, municipal corporations or State banks paid out for the previous six months, shall be rendered by banks, associations, corporations, companies, or persons, with a declaration under the oath of the person, or cashier or president of the bank, in the form prescribed by the Commissioner of Internal Revenue, that the same contains a true statement of the amounts subject to tax. Also that one copy of the return shall be transmitted to the collector of the district in which the person or bank, &c., does business, and one to the Commissioner of Internal Revenue.

Section 3415 provides that in default of the returns provided in the preceding section, the amounts of the various items shall be estimated by the Commissioner of Internal Revenue upon the best information he can obtain; and that

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