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" of its organization certificate, a body corporate, and as such, and in the name designated in the organization certificate, it shall have powerFirst. To adopt and use a corporate seal. Second. To have succession for the period of twenty years from its... "
Congressional Serial Set - Page 21
1920
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The National Currency: April 6, 1864

L. Bonnefoux - 1864 - 778 pages
...Congress. Section 5136 of the Revised Statutes of the United States gives to each national bank the power " to have succession for the period of twenty years...dissolved according to the provisions of its articles of association, or by the act of its shareholders owning two-thirds of its stock, or unless its franchise...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 pages
...association and an organization certificate, the association shall become, as from the date" of the execution of its organization certificate, a body corporate,...designated in the organization certificate, it shall have power: First. To adopt and use a corporate seal. Second. To have succession for the period of twenty...
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A Few Facts and Suggestions on Money, Trade, and Banking

Joseph Henry Walker - 1881 - 116 pages
...which governs them, and are very carefully enumerated therein. They are briefly as follows : — First. To adopt and use a corporate seal. Second. To have succession for twenty years, unless sooner voluntarily dissolved, or their franchise becomes forfeited by some violation...
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The Abridgment ... Containing the Annual Message of the President of the ...

United States. President - 1885 - 1138 pages
...shall become a» from Ilio dato of execution of its organization certificate a body corporate, and a» such and in the name designated in the organization certificate, it shall have power: First, to adopt and nso u corporate seal ; secoud, to have succession for .1 period of twenty...
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Handbook of Republican Institutions in the United States of America: Based ...

Dugald J. Bannatyne - 1887 - 652 pages
...organisation certificate, the association becomes, as from the date of the execution of the organisation certificate, a body corporate; and as such, and in the name designated in the organisation certificate, has power (1) to adopt and use a corporate seal; (2) to have succession for...
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1891 - 388 pages
...organization certificate, the association shall become as from the date of the execution of the same a body corporate, and as such and in the name designated in the certificate, it shall have power: First. To adopt and use a corporate seal. Second. To have succession...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...incorporation required by this act the bank shall become a body corporate, and as such shall have power: First, To adopt and use a corporate seal; Second, To have succession for the period of years named in the articles of incorporation; Third, To make contracts; Fourth, To sne and be sued...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 pages
...association and an organization certificate, the association shall become, as from the date of the execution of its organization certificate, a body corporate,...designated in the organization certificate, it shall have power— First. To adopt and use a corporate seal. Second. To have succession for the period of twenty...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1894 - 344 pages
...incorporation required by this act the bank shall become a body corporate, and as such shall have power; First, To adopt and use a corporate seal; Second, To have succession for the period of years named in the articles of incorporation; Third, To maks contracis; Fourth, To sne and be sned...
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Sound Currency

1895 - 558 pages
...persons, not less in any case than five. *********** SEC. 5136 (1864, $ 8) [Such association] shall * » * have succession for the period of twenty years from...dissolved according to the provisions of its articles of association, or by the act of its shareholders owning two-thirds of its stock, or unless its franchise...
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