Special Report on Savings Banks

Portada
Van Benthuysen, 1868 - 412 páginas
 

Páginas seleccionadas

Otras ediciones - Ver todas

Términos y frases comunes

Pasajes populares

Página 349 - The privileges and franchises granted by the Legislature of this State to savings banks or institutions for savings, are hereby declared to be personal property, and liable to taxation as such in the town or ward where they are located, to an amount not exceeding the gross sum of their surplus earned...
Página 357 - ... and seal, and shall be transmitted to the county clerk of the county in which such savings bank is to be located, who shall file the same, together with the certificate' of association and the certificate of authorization of such savings bank.
Página 355 - Whether the responsibility, character and general fitness for the discharge of the duties appertaining to such a trust, of the persons named in such certificate, are such as to command the confidence of the community in which such savings bank is proposed to be located.
Página 364 - Not more than sixty-five per centum of the whole amount of deposits shall be so loaned or invested. If the loan is on unimproved and unproductive real property, the amount loaned thereon shall not be more than forty per centum of its actual value. No investment in any...
Página 368 - Such association shall not purchase or hold real estate in any other case or for any other purpose than as specified in this section.
Página 118 - It shall be the duty of the trustees to regulate the rate of interest allowed to the depositors so that they shall receive, as nearly as may be, a ratable proportion of all the profits of the corporation after deducting all necessary expenses...
Página 368 - ... of this act, or to deal or trade in any goods, wares, merchandise or commodities whatever, except as authorized by the terms of this act, and except such personal property as may be necessary in the transaction of its business...
Página 283 - SEC. 12. And be it further enacted, That no President, VicePresident, Trustee, officer, or servant of the Corporation shall, directly or indirectly, borrow the funds of the Corporation or its deposits, or in any manner use the same, or any part thereof, except to pay necessary expenses, under the direction of the Board of Trustees.
Página 349 - The people of the State of New York, represented in Senate and Assembly, do enact as follows: §1 It shall be lawful for the...
Página 283 - Byisw.. have power, from time to time, to make, constitute, ordain and establish such by-laws, rules and regulations as they shall judge proper, for the election of their officers...

Información bibliográfica