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" 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,... "
The American Reports: Containing All Decisions of General Interest Decided ... - Page 207
by Isaac Grant Thompson - 1879
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Reports of Cases in the Supreme Court of Appeals of Virginia

Virginia. Supreme Court of Appeals - Law reports, digests, etc - 1880 - 964 pages
...exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, or bullion; by loaning money on personal security ; and by obtaining, issuing, and circulating notes according to the provisions of this title. Section 5137 declares that "a national banking association...
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Reports of Cases Argued and Determined in the Circuit and District ..., Volume 1

United States. Circuit Court (6th Circuit), William Searcy Flippin - District courts - 1881 - 754 pages
...banking, by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidence of debt; by receiving deposits; by buying and selling...and bullion; by loaning money on personal security," etc. Then follows, in the same act, Sec. 57, already quoted, providing "That suits, actions, and proceedings,...
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The Doctrine of Ultra Vires: Illustrated and Explained by Selected Cases ...

George Washington Field - Ultra vires - 1881 - 620 pages
...discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by buying and selling exchange, coin and bullion; by loaning money on personal security; by obtaining, issuing and circulating notes, according to the provisions of the act.' In view of the...
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Journal of the Institute of Bankers, Volume 3

Institute of Bankers (Great Britain) - Banks and banking - 1882 - 726 pages
...bye-laws for the regulation of the business. To exercise all such incidental powers as are necessary to carry on the business of banking ; by discounting...; and by obtaining issuing, and circulating notes according to the provisions of the Act. This last paragraph is of considerable importance as it has...
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Reports of Cases Argued and Determined in the Circuit Court of ..., Volume 19

United States. Circuit Court (2nd Circuit) - Law reports, digests, etc - 1883 - 636 pages
...the Act of June 3d, 1864, 13 US Stat. at Large, 101,) that every banking association shall have power to exercise ''all such incidental powers as shall...and bullion, by loaning money on personal security." The coupons appear, by the complaint, to be payable to bearer. They were, therefore, negotiable promissory...
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The Supreme Court Reporter, Volume 24

Law reports, digests, etc - 1904 - 906 pages
...duly authorized officers or agente, subject to law, all such incidental powers a« shall be necessary to carry on the business of banking; by discounting...security; and by obtaining, issuing, and circulating notes according to the provisions of this title." And, again, by I 5145 (US Сотр. Stat. 1901, p. 3403),...
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Pratt's Digest of the Revised Statutes of the United States Relating to ...

A.S. Pratt & Sons - Banking law - 1883 - 130 pages
...by its directors or authorized officers or agents, subject to law, all incidental powers necessary to carry on the business of banking, by discounting...bullion; by loaning money on personal security, and by issuing circulating notes according to law. But no bank is to transact any business except such as...
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A Law Dictionary, Adapted to the Constitution and Laws of the ..., Volume 2

John Bouvier - Law - 1883 - 876 pages
...necessary to carry on the business of banking ; by discounting and negotiating promissory notes, etc.; by receiving deposits, by buying and selling exchange,...; and by obtaining, issuing, and circulating notes according to the provisions of " title 62 of the Revised Statutes." The powers of national banks are...
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The Ohio Law Journal, Volume 4

Law - 1884 - 1022 pages
...authorized, '' 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...; and by obtaining, issuing. and circulating notes according to the provisions of this title." A warehouse receipt, like a bill of lading, is a symbol...
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Federal Decisions: Cases Argued and Determined in the Supreme ..., Volume 3

Law reports, digests, etc - 1884 - 1126 pages
...valid except those on personal security." The language of that section is, "and exercise under this act all such incidental powers as shall be necessary to...and bullion; by loaning money on personal security; by obtaining, issuing and circulating notes according to the provisions of this act." § 185. Л national...
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