A Treatise on the Law Relating to Banks and Banking: With an Appendix Containing the National Banking Act of June 3, 1864, and Amendments TheretoLittle, Brown,, 1879 - 691 pages |
From inside the book
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Page 11
... bind itself to act , in any business , for any purpose or in any manner not authorized by the law of its corporate existence . Its assumption or promise to perform any act tres- passing beyond these limits is void ab initio , and the ...
... bind itself to act , in any business , for any purpose or in any manner not authorized by the law of its corporate existence . Its assumption or promise to perform any act tres- passing beyond these limits is void ab initio , and the ...
Page 12
... bind it in any matter was either in fact duly authorized , or was held out to the world as author- ized , to deal and undertake on its behalf in that business . Otherwise it will not be bound . But undertakings of any officer beyond ...
... bind it in any matter was either in fact duly authorized , or was held out to the world as author- ized , to deal and undertake on its behalf in that business . Otherwise it will not be bound . But undertakings of any officer beyond ...
Page 54
... binding.2 • See also title " Special Deposit . " Deposits in Forged Bills or Base Coin . If the deposit be made in forged paper or in base coin , although the nominal amount be duly passed to the depositor's credit , yet no indebtedness ...
... binding.2 • See also title " Special Deposit . " Deposits in Forged Bills or Base Coin . If the deposit be made in forged paper or in base coin , although the nominal amount be duly passed to the depositor's credit , yet no indebtedness ...
Page 58
... bind the bank as admis- sions . Especially the balancing of the book is conclusive upon the bank in the same manner ... binds it like any other form of acknowledgment or receipt.2 But apparently it binds it no more ; and as a receipt it ...
... bind the bank as admis- sions . Especially the balancing of the book is conclusive upon the bank in the same manner ... binds it like any other form of acknowledgment or receipt.2 But apparently it binds it no more ; and as a receipt it ...
Page 59
... binding . If the correctness or incorrectness of the entry be disputed between the customer and the bank , a question of fact is thereby made for the jury.2 But the most difficult questions arise in considering to what extent the bank ...
... binding . If the correctness or incorrectness of the entry be disputed between the customer and the bank , a question of fact is thereby made for the jury.2 But the most difficult questions arise in considering to what extent the bank ...
Common terms and phrases
acceptance agent American Exchange Bank amount authority Bank of Alexandria Bank of United Bankers and Banking banking association Barb bills of exchange bind the bank bond Branch Bank capital stock cashier certificate certified check circulating notes cited collection comptroller contract corporation court creditors currency debt decision declared default demand deposit deposit account depositor directors discharge discount doctrine drawer drawn duty effect entitled evidence fact funds further enacted Grant on Bankers held holder indebtedness indorsement insolvent issued knowledge liability lien loan matter ment National Bank national banking act notice obligation officer ordinary organization certificate paid paper party payable payee payment Penn person plaintiff presented principle promissory note purpose reason received recover refused right of action rule shareholders shares simply statute sufficient suit sureties teller thereof tion transaction transfer United usage usurious Wend York
Popular passages
Page 625 - ... shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 517 - It is, we think, a sound principle, that when a government becomes a partner in any trading company, it divests itself, so far as concerns the transactions of that company, of its sovereign character,, and takes that of a private citizen.
Page 607 - And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands and all other dues to the United States, except duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 597 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 602 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 7 - 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; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 614 - If losses have at any time been sustained by any such association equal to or exceeding its undivided profits then on hand...
Page 614 - The president and cashier of every national banking association shall cause to be kept at all times a full and correct list of the names and residences of all the shareholders in the association, and the number of shares held by each, in the office where its business is transacted.
Page 622 - And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity for all damages which the association, its shareholders, or any other person, shall have sustained in consequence of such violation.
Page 615 - ... in the assessment of taxes imposed by or under State authority at the place where such bank is located, and not elsewhere, but not at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State...