A Treatise on Currency and Banking

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Grigg & Elliot, 1840 - 323 Seiten
 

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Seite 248 - Any number of persons may associate to establish offices of discount, deposits, and circulation, upon the terms and conditions, and subject to the liabilities prescribed in this act; but the aggregate amount of the capital stock of any such association shall not be less than one hundred thousand dollars.
Seite 250 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Seite 202 - ... to carry on the business of banking by obtaining and issuing circulating notes in accordance with the provisions of this act; by discounting bills, notes, and other evidences of debt...
Seite 248 - The names and places of residence of the shareholders and the number of shares held by each of them. Fifth. The fact that the certificate is made to enable such persons to avail themselves of the advantages of this Title.
Seite 250 - Such as shall have been purchased at sales upon judgments, decrees or mortgages obtained or made for such debts; and it shall not be lawful for any company incorporated as aforesaid to purchase, hold or convey real estate in any other case or for any other purpose...
Seite 249 - ... transferable on the books of the association in such manner as may be prescribed in the by-laws or articles of association ; and every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association...
Seite 243 - ... as he may from time to time deem necessary to carry into effect the provisions of this act, and of such form as he may prescribe. Such blank circulating notes shall be countersigned, numbered and registered in proper books to be provided and kept for that purpose in the office of said...
Seite 249 - It shall be lawful for any association of persons organised under this act by their articles of association, to provide for an increase of their capital and of the number of the associates, from time to time, as they may think proper.
Seite 248 - Such persons, under their hands and seals, shall make a certificate which shall specify: — 1. The name assumed to distinguish such association, and to be used in its dealings.
Seite 249 - ... every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired.

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