bank organization

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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: PROPER OFFICIALS TO ADMINISTER " OATHS OF OFFICE AND TO RECEIVE ACKNOWLEDGMENTS." There is always so much uncertainty as to the proper official to administer the " Oath of Office," receive acknowledgments, and to execute the organization papers that the author deems it expedient to deal with the subject in detail. 1.—Articles of Association—No acknowledgment necessary. 2.—Organization Certificate—Notary Public, Judge of Court. (Section 5134 R. S.) 3.—Oaths of Directors—While being sworn into office— Notary Public, Justice of the Peace, Judge of Court. (Section 5147 R. S.) 4.—Oaths of Directors—Relative to payment of Capital Stock —Justice ofthe Peace, Notary Public, Judge of Court. (5168 R. S.) 5.—After Organization—All acknowledgments must be made before a Notary Public. NOTARY PUBLIC. Can a Notary Public be an officer in a National bank and act as its Notary ? Yes; but he can not receive his own acknowledgment nor that of the president and cashier relative to the condition, earnings and dividends of the bank, i. e., if he is a director, cashier, teller, or bookkeeper.—(5211-5212 R. S.) Can a Notary Public protest paper if he owns shares in the bank? Yes.—U. S. C. C. of A. Can a Notary Public own shares in a bank and act as Notary, swearing in the directors, receive their acknowledgments and fill out organization papers ? Yes. ORGANIZATION PAPERS. (To be executed in consecutive order.) 1. Articles of Association. 2. Organization Certificate. 3. Oaths of Directors. 4. Certificate as to Payments on Capital Stock. 5. Order for Circulation. 6. Signatures of Officers. ARTICLES OF ASSOCIATION (Executed in duplicate) [Always fill ont this paper first.] For the purpose of organizing an Association to carry on the busine... --This text refers to an alternate Paperback edition.
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1848132522

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