The Banking Law Passed by the General Assembly of the State of Rhode Island, at Its January Session, 1908: With Index and Table of Classes of Investments as Prescribed by Section 57
E.L. Freeman Company, State Printers, 1908 - 61 páginas
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addition administrator agent agreement of association amendment amount annual application appointed approval association authorized bank commissioner bank incorporation bank or trust board of bank bonds branch capital stock cause centum certificate Chapter clerk condition copy corporation court custodian debt depositors deposits deputy directors dividends duties electric establish examine exceed executor filed five fund give hands held hereby hold hundred individual interest investment issue least less liabilities loan located manner meeting months mortgage notes notice oath operating organized paid panies payment person pledge poration powers preceding president proceeding published railroad real estate receiver records reserve road savings bank savings or participation secretary securities shares subscribers thereof thereto thousand dollars tion town transaction treasurer trust company twenty United violation
Página 29 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Página 55 - ... diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this title, and that he is the owner In good faith and in his own right of the number of shares of stock required by this title...
Página 53 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Página 55 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...
Página 3 - The amount of its capital stock, and the number of shares into which the same shall be divided.
Página 51 - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Página 3 - ... shall be published at least once a week, for three successive weeks, in one or more newspapers designated by said board, and published in the city or town in which it is proposed to establish the company.
Página 58 - ... and every person who with like intent aids or abets any officer, clerk, or agent in any violation of this section, shall be deemed guilty of a misdemeanor, and shall be imprisoned not less than five years nor more than ten.