The Freedmen's Savings Bank

Bibliographic data

Monograph

Identifikator:: 175265076X

URN:: urn:nbn:de:zbw-retromon-129631

Document type:: Monograph

Author:: Fleming, Walter Lynwood http://d-nb.info/gnd/120660560X

Title:: The Freedmen's Savings Bank

Place of publication:: Chapel Hill

Publisher:: Univ. of North Carolina Press

Year of publication:: 1927

Scope:: x, 170 S.

Digitisation:: 2021

Collection:: Economics Books

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APPENDIX 133 funds may be kept by the trustees to meet current pay- ments of the corporation, and may, by them, be left on deposit, at interest or otherwise, or in such available form as the trustees may direct. Sec. 7 . . . the corporation may, under such regula- tions as the board of trustees shall, from time to time, prescribe, receive any deposit hereby authorized to be received upon such trusts and for such purposes, not con- trary to the laws of the United States, as may be indicated in writing by the depositor, such writing to be subscribed by the depositor and acknowledged or proved before any officer in the civil or military service of the United States, the certificate of which acknowledgment or proof shall be indorsed on the writing; and the writing, so acknowledged or proved, shall accompany such deposit and be filed among the papers of the corporation, and be carefully preserved therein, and may be read in evidence in any court or before any judicial officer of the United States, without further proof; and the certificate of acknowledg- ment or proof shall be prima facie evidence only of the due execution of such writing. Sec. 8 . . . all sums received on deposit shall be repaid to such depositor when required, at such time, with such interest, not exceeding seven per centum per annum, and under such regulations as the board of trustees shall, from time to time, prescribe, which regulations shall be posted up in some conspicuous place in the place where the busi- ness of the corporation shall be transacted, but shall not be altered so as to affect any deposit previously made. Sec. 9 . . . all trusts upon which, and all purposes for which, any deposit shall be made, and which shall be in- dicated in the writing to accompany such deposit, shall be faithfully performed by the corporation, unless the performing of the same is rendered impossible. Sec. 10 . . . when any depositor shall die, the funds remaining on deposit with the corporation to his credit and all accumulations thereof, shall belong and be paid to the personal representatives of such depositor, in case he shall have left a last will and testament, and in default of a last will and testament, or of any person qualifying

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