Chapter 73.
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/statutes-at-large/vol-24/chapter-73-82361·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 73.— An act to enable national banking associations to increase their capital stock and to change their names or locations.May 1, 1886. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,National banks, how capital stock of, may be increased. That any national banking association may, with the approval of the Comptroller of the Currency, by the vote of shareholders owning two thirds of the stock of such association, increase its capital stock, in accordance with existing laws, to any sum approved by the said Comptroller, notwithstanding the limit, fixed in its original articles of association and determined by said Comptroller; and no increase of the capital stock of any national banking association either within or beyond the limit fixed in its original articles of association shall be made except in the manner herein provided.
Sec. 2. Change of name; location. That any national banking association may change its name or the place where its operations of discount and deposit are to be carried on, to any other place within the same State, not more than thirty miles distant with the approval of the Comptroller-of the Currency, by the vote of shareholders owning two thirds of the stock of such association. A duly authenticated notice of the vote and of the new name or location selected shall be sent to the office of the Comptroller of the Currency; but no change of name or location shall be valid until the Comptroller shall have issued his certificate of approval of the same. 19 Sec. 3.
That all debts, liabilities, rights, provisions, and powers ofLiabilities, &c., to devolve on new association. the association under its old name shall devolve upon and inure to the association under its new name. Sec. 4. That nothing in this act contained shall be so construed asLiabilities, &c., not released. in any manner to release any national banking association under its old name, or at its old location from any liability, or affect any action or proceeding in law in which said association may be or become a party or interested.
Approved, May 1, 1886.