77 
APPENDIX 
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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