National banking under the Federal Reserve System

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Monograph

Identifikator:: 1757542345

URN:: urn:nbn:de:zbw-retromon-135097

Document type:: Monograph

Title:: National banking under the Federal Reserve System

Place of publication:: New York

Publisher:: The National City Bank of New York

Year of publication:: 1927

Scope:: 154 S.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: National bank organization

Collection:: Economics Books

NATIONAL BANK ORGANIZATION TYPICAL BY-LAWS FOR NATIONAL BANKS BY-LAWS OF THE (HERE INSERT THE TITLE OF THE BANK) ORGANIZED UNDER THE NATIONAL BANKING LAWS OF THE UNITED STATES Annual Meeting Section 1. The regular annual meetings of the shareholders of this bank for the election of directors shall be held at its banking house on the day in January of each year provided in the articles of association, between the hours of 10 and 4 of said day. It shall be the duty of the board of directors, within one month prior to the time of said election, who shall hold and conduct the same, and who shall, after the election has been held, notify under their hands the cashier of this bank of the result thereof and the names of the directors elect. Section 2. The cashier, upon receiving the returns of the judges of the elections as aforesaid, shall cause the same to be recorded upon the minute book of the bank, and shall notify the directors elect of their election and of the time at which they are re- quired to meet at the banking house of the bank for the purpose of organizing the new board. If at the time fixed for the meeting of the directors elect there is not a quorum in attendance, the members present may adjourn from time to time until a quorum is secured, and no business shall be transacted prior to taking the oath of office as pre- scribed by law. Section 8. If, for any cause, the annual election of directors is not held on the date fixed in the articles of association, the directors in office shall order an election to be held on some other day, of which special election notice shall be given in accordance with the requirements of section 5149, United States Revised Statutes, judges ap- pointed, returns made and recorded, and the directors elect notified, according to the Provisions of sections one and two of these by-laws. Officers ul : ho shall : -president (w! : be a president, vice be from f this bank shall flicers as may Section 4. The Se directors), cashier, and such 2% 1 fre Tush ods, to Te he Tonheny of hs ie the prompt and orderly Cs several duties shall be ite to time ail Wl hoard of directors, by ‘whoa thei elected or appointe prescribed. Section 5. The president shall hold his office for the current year for which the board of which he shall be a member was elected, unless he shall resign, become disqualified, or be removed; and any vacancy occurring in the office of president or in the board of directors shall be filled by the remaining members. Section 6. The cashier and the subordinate officers and clerks shall be appointed to hold their offices, respectively, during the pleasure of the board of directors. 39 1

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