Government Insurance of Bank Deposits: Reprint of Portions of Articles by Alexander H. Revell, Governor E.H. Hoch, James B. Forgan, Professor J.L. Loughlin [!] H.M. Zimmerman and Others

Forside
Rollo La Verne Lyman
Democrat printing Company, 1908 - 106 sider
 

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Side 7 - ... may sell or compound all bad or doubtful debts, and on like order may sell all the real and personal property of such corporation or individual banker on such terms as the court shall direct ; and may, if necessary to pay the debts of 'such corporation, enforce the individual liability of the stockholders.
Side 7 - Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal...
Side 7 - ... collect debts, dues, and claims belonging to it, and upon order of the District Court, or judge thereof, may sell or compound all bad or doubtful debts, and on like order may sell all the real or personal property of such bank or trust company upon such terms as the court or judge thereof may direct, and may, if necessary, pay the debts of such bank or trust company, and enforce the liabilities of the stockholders, officers, and directors: Provided, however, That bad or doubtful debts as used...
Side 8 - Commissioner; but such bank shall not be permitted to re-open its business until the Bank Commissioner, after a careful investigation of its affairs, is of the opinion that its stockholders have complied with the laws, that the banks credit and funds are in all respects repaired, and all advances, if any, made from the depositors...
Side 4 - There is hereby levied an assessment against the capital stock of each and every bank and trust company organized or existing under the laws of this state, for the purpose of creating a depositors...
Side 89 - Man that is born of woman is of few days and full of trouble. He cometh forth like a flower and is cut down ; he fleeth also as a shadow and continueth not.
Side 6 - In the event that the bank commissioner shall take possession of any bank or trust company which is subject to the provisions of this chapter, the depositors of said bank or trust company shall be paid in full, and when the cash available or that can be made immediately available of said bank or trust company is not sufficient to discharge its obligations to depositors, the said banking board shall draw from the depositors...
Side 5 - ... organized subsequent to the enactment of this act shall pay into the depositors' guaranty fund three per cent of the amount of their capital stock when they open for business, which amount shall constitute a credit fund, subject to adjustment, on the basis of its deposits, as provided for other banks now existing at the end of one year; provided, however, said three per cent payment shall *not be required of new banks formed by the reorganization or consolidation of banks that have previously...
Side 11 - This, of course, brought them within the vortex of the great political whirlpool of the State, and the place was sought for and conferred upon partisan aspirants without due regard in all cases to their qualifications to discharge the delicate trust committed to them. This state of things, under the administration of both the great political parties of the State, continued until...
Side 7 - ... that safety to its depositors is guaranteed by the depositors' guaranty fund of the state of Oklahoma. Such certificate shall be conspicuously displayed in its place of business, and said bank or trust company may print or engrave upon its stationery and advertising matter words to the effect that its depositors are protected by the depositors...

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