Full text: National banking under the Federal Reserve System

NATIONAL BANKING UNDER THE FepERAL RESERVE SYSTEM 
Suerion 7. The cashier of this bank shall be responsible for all the moneys, funds, 
and valuables of the bank, and shall give bond, with security to be approved by the 
board, in the penal sum of. .....................dollars, conditioned for the faithful 
and honest discharge of his duties as such cashier, and that he will faithfully apply and 
account for all such moneys, funds, and valuables, and deliver the same to the order of 
the board of directors of this bank, or to the person or persons authorized to receive 
them. 
Section 8. The president of this bank shall be responsible for all such sums of money 
and property of every kind as may be intrusted to his care or placed in his hands by 
the board of directors or by the cashier, or otherwise come into his hands as president, 
and shall give bond with security to be approved by the board, in the penal sum of 
Co  .... .........dolars, conditioned for the faithful discharge of his duties 
as such president, and that he will faithfully and honestly apply and account for all 
sums of money and other property of this bank that may come into his hands as such 
president, and pay over and deliver the same to the order of the board of directors, or 
to any other person or persons authorized by the board to receive the same. 
Section 9. The teller shall be responsible for all such sums of money, property and 
funds of every description as may from time to time be placed in his hands by the 
cashier, or otherwise come into his possession as teller; and shall give bond, with 
security to be approved by the board, in the penalty of. ....... ............dollars, 
conditioned for the honest and faithful discharge of his duties as teller, and that he will 
faithfully apply, account for, and pay over all moneys, property, and funds of every 
description that may come into his hands, by virtue of his office as teller, to the order 
of the board of directors aforesaid, or to such person or persons as may be authorized 
to demand and receive the same. 
Seal 
Section 10. The following is an impression of the seal adopted by the board of 
directors of this bank: 
(IMPRESSION 
OF SEAL) 
Conveyance of Real Estate 
SgcrioN 11. All transfers and conveyances of real estate shall be made by the 
association, under seal, in accordance with the orders of the board of directors, and 
<hall be signed by the president or cashier. 
Increase of Stock 
Sreron 12. Whenever an increase of stock shall be determined upon, in accordance 
with law, it shall be the duty of the board to notify all the shareholders of the same, 
and to cause a subscription to be opened for such increase of capital. In the increase 
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