Instructions Of The Comptroller Of The Currency Relative To The Organization And Powers Of National Banks 1919

Author : UNKNOWN. AUTHOR
Publisher : Forgotten Books
ISBN 13 : 9781332039555
Total Pages : 144 pages
Book Rating : 4.0/5 (395 download)

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Download or read book Instructions of the Comptroller of the Currency Relative to the Organization and Powers of National Banks written by UNKNOWN. AUTHOR and published by Forgotten Books. This book was released on 2015-07-27 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Instructions of the Comptroller of the Currency Relative to the Organization and Powers of National Banks: 1919 The preliminary proceeding in connection with the organization of a national bank is to write to the Comptroller of the Currency requesting the reservation of the desired title and stating the location and the proposed capital. It is the practice to reserve a title for 15 days, during which time it is expected a formal application will be filed. If the nationalization of a State bank is contemplated, the request should indicate whether the bank is to be converted into a national bank or placed in liquidation and a national bank organized as its successor. If the State bank is to continue in existence and a separate national bank is to be organized, that fact should be stated. The application must be signed by at least five persons who are prospective shareholders of the association, and preferably by individuals who are also to be officers or directors. It should be indorsed by three prominent public officials, preferably the mayor and the postmaster of the place where the bank is to be located, and a judge of court. The exclusion of any professional promoters from the organization will be required, as an application to receive favorable consideration must represent a local demand for banking accommodations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.