mmzx. 2867 National Banks—Continued. P¤8•~ National Banks-Continued. Pan- rate of assessment,if on net inbome, may branches of; no more than one, if popu- include all sources thereof, but lation not more than 50,000; not higher than on other corpo- two if not more than 100,000· rations ...................... 223 exceeding 100,000, number at if on dividends, to be not greater discretion of Comptroller ...... . 1228 than on other income ....... -- 224 establishing, or moving, subject to nonresidents to be taxed only where Comgtrollefs consent ......... 1228 association located ............ 224 places of usiness included as ....... 1229 returns, etc., required from associa- in foreign countries, etc., not limited tion ......................... 224 hereby .... - .................. 1229 no exemption of tax on real estate .... 224 trust comgani a; savings banks, etc., taxespaidheretoforetoStates,legalized- 224 inclu ed as banks in this sec- State, etc., banks may consolidate tion ..............,._........ 1229 with, in same county, etc ...... 1225 business of, to be transacted at place agreement to be ratified by share- of organization, and established holders ...................... 1225 branches ..................... 1229 procedure; newspaper notice of--- 1225 application of State, etc., to become capital required .................. 1225 member banks of Federal reserve all rights, franchises, property, etc., system, etc ........ - .......... 1229 transferred ................... 1225 operation, etc,. of branches ......... 1229 including fiduciary succession ..... 1225 obligations to, by any one person lim- dissenting shareholders to be paid for ited ......................... 1229 their holdings ................ 1225 meaning of " obligations " ........ 1229 appraisal of value of; reappraisal exceptions; bills of exchange against by Comptroller .............. - 1225 existing value ................ 1230 expenses; disposal of surrendered discounts of commercial paper .... 1230 shares ....................... 1225 secured by goods in shipment ..... 1230 liquidation under State laws ...... 1226 discounts of other than commercial not allowed in contravention of State paper maturing within six laws ........................ 1226 months, not included in- ....... 1230 inclusion of trust companies, savings rediscounts of other discounts .... 1230 banks, etc ................... 1226 secured by shipping documents of to have succession until dissolved by nonperishable staples; market shareholders, etc .............. 1226 value of security required; time regular banking business allowed ...... 1226 limitation .................... 1230 tradinlg in investment securities limited- 1227 paper covered by livestock shipments, in ederal, State, Farm loan, etc., _etc ............. .. ............ 1230 securities not limited .......... 1227 with Federal securities as collat- investing in stock of safe deposit cor- _ _ eral .......... , .............. 1231 poration organized under State ¤»dd1t10n&1_ excepted indebtedness of; laws, limits ................. 1227 liabihties to Federal intermedi- authority of Comptroller of the Cur- ate credit banks ........ 1 ..... 1231 rency required for commencing falsely certifymg checks by oHicials of business ..................... 1227 reserve _ or member banks, un- real estate holdings necessary for ac- l¤Wfl{l-_._ ..................... 1231 commodating business of, al- responsibility of bunk ........... 1231 [owed _______________________ 1227 penalty for reserve bank ,_,________ 1231 capital required; allowance for small of member bank if a national; other places ....................... 1227 _In8I¤b€l‘ bank ................ 1231 in cities of over 50,000; in outlying punishment for, by bank officer, etc- 1231 districts where State banks with certifying, before actual deposit"- 1231 less capital permitted- ......... 1227 three reports to be made during the may be increased if whole amount year by, to the Comptroller .... 1232 thereof be paid ............... 1227 officers authorized to submit; details by stock dividend from surplus; ap- required ..... - ............... 1232 proval by Comptroller ..... - - - - 1228 pubhcation of, in newspapers ....... 1232 president to be a member of board of special reports may be called for ...... 1232 directors; chairman may be loans, etc., to bank examiners by mem- designated ................... 1228 ber banks, forbidden .......... 1232 branches of, in present operation may punishment for, by bank oilicials:.-- 1232 be retained ................... 1228 examiners receiving loans etc., and one, maintained more than 25 stealing protperty, etc., of mem- years previously, may be con- ber banks; urther penalty ..... 1232 tinued ....................... 1228 loans on real estate, including farm State banks and consolidated na- lands, within its Federal reserve tional banks may retain those district, may be made by .... -- 1232 in lawful operation ............ 1228 form of security required. _....,,___ 1233 new, may hereafter be established in limitation of amount; term not to limits of city, etc., if permitted exceed five years .....,.____,__ 1233 State banks by laws thereof .... 1228 aggregate sum of, limited to propor- not allowed in city, etc., if popula- tion of capital and surplus, or of . tion less than 25,000 .......... 1228 savings deposits ...,__________ 1233
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