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 5
... hold them as collateral security , and , in case of their loss , will be liable only as an ordinary bailee ; i . e . , if there has been an absence of proper and sufficient care on its part . The measure of damages will be the value of ...
... hold them as collateral security , and , in case of their loss , will be liable only as an ordinary bailee ; i . e . , if there has been an absence of proper and sufficient care on its part . The measure of damages will be the value of ...
Page 8
... hold Real Estate . Ordinarily , it is no part of the banking business to hold or deal in real estate . No general right to do so can be consid- ered to be inherent in a bank . Certain obvious cases , how- ever , in which it is eminently ...
... hold Real Estate . Ordinarily , it is no part of the banking business to hold or deal in real estate . No general right to do so can be consid- ered to be inherent in a bank . Certain obvious cases , how- ever , in which it is eminently ...
Page 9
... hold , and sell real estate for these purposes . The legislative expression of this power of course excludes its exercise otherwise than in precise accordance with the statutory provisions . The hold- ing , acquiring , or selling to any ...
... hold , and sell real estate for these purposes . The legislative expression of this power of course excludes its exercise otherwise than in precise accordance with the statutory provisions . The hold- ing , acquiring , or selling to any ...
Page 10
... hold , the title of the bank therein would be defeas- ible only at the instance of the State : that , if the title should be set aside in a process thus instituted , the land would not revert to the party granting to the bank , but ...
... hold , the title of the bank therein would be defeas- ible only at the instance of the State : that , if the title should be set aside in a process thus instituted , the land would not revert to the party granting to the bank , but ...
Page 26
... hold their office under and in subjection to it . But there is an im- portant distinction between the two cases ; for , if there is a continuance , the corporation succeeds to both the rights and the liabilities existent at the time of ...
... hold their office under and in subjection to it . But there is an im- portant distinction between the two cases ; for , if there is a continuance , the corporation succeeds to both the rights and the liabilities existent at the time of ...
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...