The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Bibliographic data

Monograph

Identifikator:: 1856431436

URN:: urn:nbn:de:zbw-retromon-262738

Document type:: Monograph

Title:: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Place of publication:: Washington

Publisher:: United States Government Printing Office

Year of publication:: 1931

Scope:: ii, 170 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

77 APPENDIX nee ums ~efor .g ab rest, or s ab sued asls, ndi- ribe, sue ury and a at sue, rms nay ; be r of nts the wit- irst the | ills adi- pal rit- ited ited mt by hin ‘he ant Fad ad. OAS UNITED STATES REVISED STATUTES —MISCELLANEOUS SECTIONS CORPORATE POWERS OF NATIONAL BANKS Section 5136, Revised Statutes, as amended by the act of July 1, 1922, and by the act of February 25, 1927 Sec. 5136. Upon duly making and filing articles of as- sociation and an organization certificate, the association shall become, as from the date of the execution of its Organization certificate, a body corporate, and as such, and in the name designated in the organization certifi- *ate, it shall have power— First. To adopt and use a corporate seal. Second. To have succession from the date of the ap- Proval of this Act, or from the date of its organization if organized after such date of approval until such time as it be dissolved by the act of its shareholders owning two- thirds of its stock, or until its franchise becomes forfeited by reason of violation of law, or until terminated by either 8 general or a special Act of Congress or until its affairs be placed in the hands of a receiver and finally wound up 5y him. Third. To make contracts. Fourth. To sue and be sued, complain and defend, in my court of law and equity, as fully as natural persons. Fifth, To elect or appoint directors, and by its board of directors to appoint a president, vice president, cashier, and other officers, define their duties, require bonds of thern and fix the penalty thereof, dismiss such officers or any of them at pleasure, and appoint others to fill their laces, Sixth. To prescribe, by its board of directors, by-laws 10t inconsistent with law, regulating the manner in which its stock shall be transferred, its directors elected xr appointed, its officers appointed, its property trans- ‘erred, its general business conducted, and the privileges zranted to it by law exercised and enjoyed. Seventh. 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

Access restriction

Copyright

fullscreen: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation