Gold And Debt An American Hand book of Finance With Over Eighty Tables And Dia
Gold And Debt An American Hand book of Finance With Over Eighty Tables And Dia
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5160. ) The deposits of bonds made by each association shall be increased as its capital may be paid * Chapters II, III and IV of this compilation and of the Revised Statutes.
NATIONAL BANKS AND BANK CURRENCY.
215 up or increased, so that every association shall at all times have on deposit with the Treasurer registered United States bonds to the amount of at least one third of its capital stock actually paid in. And any association that may desire to reduce its capital or to close up its busin...ess and dissolve its organization, may take up its bonds upon returning to the Comptroller its circulating notes in the proportion hereinafter required, or may take up any excess of bonds beyond one third of its capital stock, and upon which no circulating notes have been delivered.
That any association organized under this act, or any of the acts of which this is an amendment, desiring to withdraw its circulating notes, in whole or in part, may, upon the deposit of lawful money with the Treasurer of the United States in sums of not less than nine thousand dollars, take up the bonds which said association has on deposit with the Treasurer for the security of such circu lating notes, which bonds shall be assigned to the bank in the manner specified in sections 5162 and 5163 of the Revised Statutes; and the outstanding notes of said asso ciation, to an amount equal to the legal- tender notes deposited, shall be redeemed at the Treasury of the United States, and destroyed as now provided by law: Provided, that the amount of the bonds on deposit for circulation shall not be reduced below fifty thousand dol lars.
What to read after Gold And Debt An American Hand book of Finance With Over Eighty Tables And Dia?
You can find similar books in the "Read Also" column, or choose other free books by W L William Lyman Fawcett to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
5160. ) The deposits of bonds made by each association shall be increased as its capital may be paid * Chapters II, III and IV of this compilation and of the Revised Statutes.
NATIONAL BANKS AND BANK CURRENCY.
215 up or increased, so that every association shall at all times have on deposit with the Treasurer registered United States bonds to the amount of at least one third of its capital stock actually paid in. And any association that may desire to reduce its capital or to close up its busin...ess and dissolve its organization, may take up its bonds upon returning to the Comptroller its circulating notes in the proportion hereinafter required, or may take up any excess of bonds beyond one third of its capital stock, and upon which no circulating notes have been delivered.
That any association organized under this act, or any of the acts of which this is an amendment, desiring to withdraw its circulating notes, in whole or in part, may, upon the deposit of lawful money with the Treasurer of the United States in sums of not less than nine thousand dollars, take up the bonds which said association has on deposit with the Treasurer for the security of such circu lating notes, which bonds shall be assigned to the bank in the manner specified in sections 5162 and 5163 of the Revised Statutes; and the outstanding notes of said asso ciation, to an amount equal to the legal- tender notes deposited, shall be redeemed at the Treasury of the United States, and destroyed as now provided by law: Provided, that the amount of the bonds on deposit for circulation shall not be reduced below fifty thousand dol lars.
What to read after Gold And Debt An American Hand book of Finance With Over Eighty Tables And Dia?
You can find similar books in the "Read Also" column, or choose other free books by W L William Lyman Fawcett to read onlineMoreLess
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