SEAL OF COMPTROLLER OF THE CURRENCY. 1864, c. 106, Act. Feb. 18, 8. Sec. 330 [as amended 1875].-The seal devised by the Act June 3, Comptroller of the Currency for his office, and approved sec. 2; 13 by the Secretary of the Treasury, shall continue to be Stat. L., 100. the seal of office of the Comptroller, and may be renewed 1875, c. 80; 18 when necessary. A description of the seal, with an im- Stat. L, 317. pression thereof, and a certificate of approval by the Secretary of the Treasury, shall be filed in the office of the Secretary of State. ROOMS, VAULTS, AND FURNITURE FOR CURRENCY BUREAU. 1864, c. 106, 9. Sec. 331.-There shall be assigned, from time to time, Act June 8, to the Comptroller of the Currency, by the Secretary of the Treasury, suitable rooms in the Treasury building for Stat. L., 100. conducting the business of the Currency Bureau, containing safe and secure fireproof vaults, in which the Comptroller shall deposit and safely keep all the plates not necessarily in the possession of engravers or printers, and other valuable things belonging to his department; and the Comptroller shall from time to time furnish the necessary furniture, stationery, fuel, lights, and other proper conveniences for the transaction of the business of his office. 10. Sec. 332. Refers entirely to banks other than national in the District of Columbia and is incorporated in section 714 of the Code of the District of Columbia and has been repeatedly amended. See said section 714, page 113, post. REPORT OF COMPTROLLER. 11. Sec. 333 [as amended 1875].-The Comptroller of the Currency shall make an annual report to Congress, at the commencement of its session, exhibiting— 1864, sec. 61; 117. 17 Stat. Lig Act Feb. 18, First. A summary of the state and condition of every Act June 8, association from which reports have been received the 13 Stat. L., preceding year, at the several dates to which such reports Act Feb. 19, refer, with an abstract of the whole amount of banking 1873, sec. 1 capital returned by them, of the whole amount of their 466. debts and liabilities, the amount of circulating notes out- 1875, standing, and the total amount of means and resources, 18 specifying the amount of lawful money held by them at the times of their several returns, and such other information in relation to such associations as in his judgment may be useful. Second. A statement of the associations whose business has been closed during the year, with the amount of their circulation redeemed and the amount outstanding. Third. Any amendment to the laws relative to banking by which the system may be improved and the security of the holders of its notes and other creditors may be increased. Fourth. A statement exhibiting under appropriate heads the resources and liabilities and condition of the C. c. 80; Stat. Act April 28, tive, executive, banks, banking companies, and savings banks organized under the laws of the several States and Territories; such information to be obtained by the Comptroller from the reports made by such banks, banking companies, and savings banks to the legislatures or officers of the different States and Territories, and, where such reports can not be obtained, the deficiency to be supplied from such other authentic sources as may be available. Fifth. The names and compensation of the clerks employed by him, and the whole amount of the expenses of the banking department during the year. COMPTROLLER TO GIVE COMPLETE LIST OF ALL EM- 12.-Provided, That for the fiscal year of nineteen hun1902, legisla dred and two and thereafter, a full and complete list of and judicial all officers, agents, clerks, and other employees of the act: 32 Stat. office of the Comptroller of the Currency, including bank L., 138. examiners, receivers and attorneys for receivers, and appropriation 1895, sec. 73; 616. clerks employed by such examiners and receivers, or any NUMBER OF COPIES OF REPORT TO BE PRINTED. ACT * * Act Jan. 12, 13. Sec. 73.-* There shall be printed of the an28 Stat. L, nual report of the Comptroller of the Currency, ten thousand copies; one thousand for the Senate, two thousand for the House, and seven thousand for distribution by the Comptroller of the Currency. H. J. Res. 219, Mar. 4, L., 1245. THREE THOUSAND ADDITIONAL COPIES AUTHORIZED TO BE PRINTED. JOINT RESOLUTION NO. 25, MARCH 4, 1907. 14. That section 73 of an act "Providing for the pub1907: 34 Stat. lic printing and binding, and the distribution of public documents," approved January 12, 1895, be, and the same is hereby, so amended as to authorize the printing annually hereafter of ten thousand copies of the annual report of the Comptroller of the Currency, for distribution by the Comptroller of the Currency, instead of seven thousand copies as heretofore. 15. Act June 20, 1874. bank act. CHAPTER II. ORGANIZATION AND POWERS. The national 16. 5133. Formation of national banking associations. 17. 5134. Requisites of organization certificate. 18. 5135. How certificate shall be ac- 19. 5136. Corporate powers of associa- 21. Act May 1, 1886. May change name 22. Act May 1, 1886. Debts not affected by change. 23. Act May 1, 1886. No release from 24. Act August 13, 1888. National 26. Act of July 12, 1882. Consent of 27. Act July 12, 1882. Special exami nation of bank and issue of 28. Act of July 12, 1882. Status not 50. 5153. National banking associa changed by extension. Ju- 29. Act July 12, 1882. Dissenting 30. Act July 12, 1882. Redemption of circulating notes issued prior to extension. 31. Act July 12, 1882. Dissolution of banks not extending period of succession. tions to be depositaries of public moneys. 51. Act May 30, 1908. Interest on pub lic deposits. 52. 5154. Conversion of state banks into national banking associations. 53. 5155. State banks having branches. 54. 5156. Reservation of rights of associations organized under act of 1863. THE NATIONAL BANK ACT. ACT JUNE 20, 1874. Act June 20, 1874, c. 343, Stat. L., 123. 15. Sec. 1.—An act entitled "An act to provide a national currency secured by a pledge of United States sec. 1; 18 bonds, and to provide for the circulation and redemption thereof," approved June 3, 1864, shall hereafter be known. as "the national-bank act." 13 1864, c. 106, Stat. L., 100. FORMATION OF NATIONAL BANKING ASSOCIATIONS. Act June 3, 16. Sec. 5133.-Associations for carrying on the busiвес. 5; 13 ness of banking under this Title may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office. 1864, c. 106, REQUISITES OF ORGANIZATION CERTIFICATE. Act June 3, 17. Sec. 5134. The persons uniting to form such an as6; 18sociation shall, under their hands, make an organization Stat. L., 101. certificate, which shall specifically state: sec. Act June 3, 1864, c. 106, First. The name assumed by such association; which name shall be subject to the approval of the Comptroller of the Currency. Second. The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or district, and the particular county and city, town, or village. Third. The amount of capital stock and the number of shares into which the same is to be divided. Fourth. The names and places of residence of the shareholders and the number of shares held by each of them. Fifth. The fact that the certificate is made to enable such persons to avail themselves of the advantages of this Title. NOTE. For authority to change names or locations see act May 1, 1886, following section 5136. HOW CERTIFICATE SHALL BE ACKNOWLEDGED AND FILED. 18. Sec. 5135.-The organization certificate shall be acsec. 6; 13 knowledged before a judge of some court of record, or Stat. L, 101. notary public; and shall be, together with the acknowledgment thereof, authenticated by the seal of such court, or notary, transmitted to the Comptroller of the Currency, who shall record and carefully preserve the same in his office. Act June 3, 1864, c. 106, CORPORATE POWERS OF ASSOCIATION. 19. Sec. 5136.-Upon duly making and filing articles of sec. 8; 13 association and an organization certificate, the associaStat. L., 101. tion 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 certificate, it shall have power First. To adopt and use a corporate seal. Second. To have succession for the period of twenty years from its organization, unless it is sooner dissolved according to the provisions of its articles of association, or by the act of its shareholders owning two-thirds of its stock, or unless its franchise becomes forfeited by some violation of law. Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any 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 them and fix the penalty thereof, dismiss such officers or any of them at pleasure, and appoint others to fill their places. Sixth. To prescribe, by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted 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 personal security; and by obtaining, issuing, and circulating notes according to the provisions of this Title. But no association shall transact any business except such as is incidental and necessarily preliminary to its organization, until it has been authorized by the Comptroller of the Currency to commence the business of banking. NOTE. See secs. 5168, 5169 and 5170, pages 35, 36, post, relating to issuing and publishing of certificate authorizing association to begin business. INCREASE OF CAPITAL STOCK. ACT MAY 1, 1886. 20. Sec. 1. Relates to increase of capital stock and is inserted after section 5142, Revised Statutes. MAY CHANGE NAME AND LOCATION; HOW. ACT MAY 1, 1886. 1886, C. 73 2; 2 21. Sec. 2.-Any national banking association may Act May 1, change its name or the place where its operations of dis- sec. count and deposit are to be carried on, to any other place Stat. L., 18. within the same State, not more than thirty miles distant, with the approval of the Comptroller of the Currency, by the vote of shareholders owning two-thirds of the stock of such association. A duly authenticated notice of the vote and of the new name or location selected shall be sent to the office of the Comptroller of the |