The New York Annual Register

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J. Leavitt, 1840
Containing an almanac; civil and judicial list; with political, statistical and other information respecting the state of New York and the United States.
 

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Página 252 - association ; or, 3. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings; or, The said
Página 252 - articles of association ; and every person becoming a shareholder by such transfer, shall, in proportion to his shares, succeed to all the rights and liabilities of prior shareholders ; and no change shall be made in the articles of association by which
Página 251 - and imprisonment. §15. Any number of persons may associate to establish offices of discount, deposite and circulation, upon the terms and conditions, and subject to the liabilities prescribed in this act; but the aggregate amount of the capital stock of any such association shall not be
Página 251 - of the shareholders, and the number of shares held by each of them respectively. 5. The period at which such association shall commence, and terminate; which certificate shall be proved or acknowledged and recorded in the office of the clerk of the county where any office of such association shall be established, and a copy thereof filed in the office of the Secretary
Página 252 - The said association shall not purchase, hold or convey real estate in any other case or for any other purpose : and all conveyances of such real estate shall be made to the president, or such other officer
Página 252 - purchase, hold and convey real estate for the following purposes : 2. Such as shall be mortgaged to it in good faith, by way of security for loans made by, or moneys due to, such association ; or, 3. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings; or, The said association shall not purchase, hold or convey
Página 248 - such quantity of circulating notes, in the similitude of bank notes in blank, of the different denominations authorized to be issued by the incorporated banks of this state, as he may from time to time deem necessary to carry into effect the provisions of this act, and of such form as he may prescribe. Such blank
Página 272 - of persons, shall be entitled to receive from the comptroller an equal amount of such circulating notes of different denominations, registered and countersigned as aforesaid ; but such public stock shall in all cases be, or be made to be, equal to a stock of this state producing
Página 251 - and secretary of state as aforesaid, or copies thereof, duly certified by either of those officers, may be used as evidence in all courts and places for and against any such association. ,§18. Such association shall have power to carry on the business of banking by discounting bills, notes and other

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