FORTY-SECOND CONGRESS. Sess. III. Ch. 269. 1873. 603 Sec. 2. That in all payments by or to the treasury, whether made The sovereign, _ here or in foreign countries, where it becomes necessary to compute the °*` E°“¤d*$°*H¤8 value of the sovereign or pound sterling, it shall be deemed equal to :$h¤°§.°q°°*°° .. four dollars eighty-six cents and six and one-half mills, and the same i , rule shall be applied in appraising merchandise imported where the ‘ value is, by the invoice, in sovcreigus or pounds sterling, and in the ·* construction of contracts payable in sovereigns or pounds sterling; and this valuation
this valuation shall be the par of exchange between Great Britain and *°b° Pm` °f °X‘
- the United States ; and all contracts made after the first day of January, chggggcts mm. eighteen hundred and seventy-four, based on an assumed par of exchange Jan. 1, 1874, with Great Britain of fifty-four pence to the dollar, or four dollars forty- “*’°“ TY °*l‘;' four and four-ninths cents to the sovereign or pound sterling, shall be Imm Hm ` null and void. Sec. 3. That all acts and parts of acts inconsistent with these pro- Repealmg visions be, and the same are hereby, repealed. ¤l¤¤S¤· APPROVED, March 3, 1873. CHAP. CCLXIX.-—An Act I0 require national Banks to restore their Capifal when March 3, 1873. impaired, and to amend the National-cunmicy Act. "`"""'""_‘ Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That all national banks which Deficiencies in shall have failed to pay up their capital stock, as required by law, and ut? °;’·Pi°"·}f)°°°lI§ all national banks whose capital stock shall have become impaired by $02: gse nigh; losses or otherwise, shall, within three months after receiving notice ¤SS¢SSm¢¤* vm thereof from the comptroller of the currency, be required to pay the deficiency in the capital stock by assessment upon the shareholders, pro &c. ’ ' rata, for the amount of capital stock held by each and the treasurer of the United States shall withhold the interest upon all bonds held by him _I¤mrest to he in trust for such association, upon notitication from the comptroller of 3;’*hh°ld ““*"· the currency, until otherwise notified by him; and if such banks shall c` fail to pay up their capital stock, and shall refuse to go into liquidation, as provided by law, for three months after receiving notice from the R¤F<>iV¤¤'f<> be . . . appointed, if} &c. comptroller, a receiver may he appointed to close up the business of the 1864 ch'106 my association, according to the provisions of the fiftieth section of the Voldxiii. p. 114. national-currency act. Sec. 2. That section fifty~seven of said act be amended by adding No attachment, thereto the following: "And provided further, That no attachment, injunc- §¤J}*¤¤*l<>l;¤»f&¢·» tion, or execution shall be issued against such association, or its property, Hxjsglfdgrfgst before final judgment in any such suit, action, or proceeding in any State, in State court. county, or municipal court." Sec. 3. That all banks not organized, and transacting business under _The)yvord "n¤- the national-currency act, and all persons, companies or corporations Sggfhy '£:t;‘;ub" doing the business of bankers, brokers, or savings institutions, except companies or saving-banks, authorized by Congress to use the word “ national " as a ¤<>¤‘1>°f¤¤•>¤¤· part of their corporate name, are prohibited from using the word "national " as a portion of the name or title of such bank, corporation, firm, or partnership; and every such bank, corporation, or Erm, which shall use word "nati0ua1" as a portion of their corporate titlc or partnership name six months after the passage of this act, shall be subject to a penalty Penalty for of fifty dollars for each day tl1creafter in which such word shall be em- usméf Such W°¤'d· ployed as aforesaid as part of such corporate name or title, such penalty to be recovered by action in any court having jurisdiction. Comptroller of Sec. 4. That it shall be the duty of the comptroller of the currency the currency to to cause to be examined each year the plates, dies, but-pieces, and other $?****T§l;;!€;Tl.Y material from which the national-bank circulation is printed in whole f-r:r}°whi& ui; or in part, and file in his office annually a correct list of the same; and pan; circulation such material as shall have been-used in the printing of the notes of *5 g;{;;%·mate_ national banks which are in liquidation, or have closed business, shall Tm to be dc. be destroyed under such regulations as shall be prescribed by the comp- str<>ycd-
