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Banks and Politics in America from the Revolution to the Civil War
Limited preview - 1991
act entitled Act of April act to authorize amount apply appointed April 18 asso association or individual authorize the business Bank of England banking association banking corporations banking department banking law bills of exchange bills or notes business of banking capital stock cashier certificate certificates of deposit chap circulating notes circulation as money Clearing House clerk comptroller corporation or association countersigned County Bank Court of Appeals court of chancery creditors deemed demand deposit directors discount dividend enact as follows entitled An Act evidence of debt hereby incorporated bank individual banker insolvent interest legislature liable loan manner ment moneyed corporations mortgages paid Paige Passed April payable payment person or association plaintiff poration pott prohibited promissory notes provisions purpose put in circulation received repealed represented in Senate Restraining Act Revised Statutes Selden Senate and Assembly stockholders suit superintendent Supreme Court Talmage thereof tion transfer trust York
Page 263 - The term corporations, as used in this article, shall be construed to include all associations and joint-stock companies having any of the powers or privileges of corporations not possessed by individuals or partnerships. And all corporations shall have the right to sue, and shall be subject to be sued, in all courts in like cases as natural persons.
Page 217 - 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.
Page 295 - The assent of two-thirds of the members elected to each branch of the Legislature shall be requisite to every bill appropriating the public moneys or property for local or private purposes.
Page 49 - Upon a bill being filed by the attorney-general in the court po™ii"ons°ic. of chancery, the chancellor shall have power to restrain by injunction any corporation from assuming or exercising any franchise, liberty or privilege, or transacting any business, not allowed by the charter of such corporation ; and in the same manner, to restrain any individuals from exercising any corporate rights, privileges or franchises, not granted to them by any law of this state.
Page 263 - The stockholders in every corporation and jointstock association' for banking purposes issuing bank notes or any kind of paper credits to circulate as money, shall be individually responsible to the amount of their respective share or shares of stock in any such corporation or association, for all its debts and liabilities of every kind.
Page xxv - ... to carry on the business of banking by obtaining and issuing circulating notes in accordance with the provisions of this act; by discounting bills, notes, and other evidences of debt...
Page iv - An act for granting to their Majesties several rates and duties upon tonnage of ships and vessels, and upon beer, ale, and other liquors, for securing certain recompences and advantages in the said act mentioned, to such persons as shall voluntarily advance the sum of fifteen hundred thousand pounds, towards carrying on the war against France...
Page 69 - Every executor and administrator must proceed with diligence to pay the debts of the deceased according to the following order: 1. Debts entitled to a preference under the laws of the United States.