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

NATI0NAL BANK ORGANIZATION of capital each shareholder shall have the privilege of subscribing for such number of shares of the new stock as he may be entitled to subscribe for, according to his existing stock in the bank. If any shareholder fails to subscribe for the amount of stock to which he may be entitled, the board of directors may determine what disposition shall be made of the privilege of subscribing for the unsubscribed stock. Banling Hours Section 13. This bank shall be opened for business from. ...........0o’clock a.m. to............0'clock p.m. of each day of the year, excepting Sundays and days recognized by the laws of this State as holidays. Directors’ Meeting Section 14. The regular meetings of the board of directors shall be held on the +eivenen....of each month. When any regular meeting of the board of directors falls upon a holiday, the meeting shall be held on such other day as the board may previously designate. Special meetings may be called by the president, cashier, or at the request of three or more directors. Discount Committee urd Section 15. There shall be a committee, to be known as the discount committee, consisting of the president, cashier, and. . _......directors appointed by the board every..............months, to continue to act until succeeded, who shall have Power to discount and purchase bills, notes, and other evidences of debt, and to buy and sell bills of exchange; and who shall, at each regular meeting of the board of directors, submit in writing a report of all bills, notes, and other evidences of debt discounted and purchased by them for the bank since their last report. The board of directors shall approve or disapprove the report of the discount committee, such action to be recorded in the minutes of the meeting. Minute Book SEcTION 16. The organization papers of this bank, the returns of the judges of the elections, the proceedings of all regular and special meetings of the directors and of the shareholders, the by-laws and any amendments thereto, and reports of the committees of directors shall be recorded in the minute book; and the minutes of each meeting shall be signed by the president and attested by the cashier. wi hm ro I he ET 2 Transfers of Stock : le only on the SECTION 17. The stock of this bank shall be Sinisa i So i subject to the restrictions an prOIon: translers of hols 3 ben shall be provided in which all assignments and transfe stock shall be made. [oo 9.

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