A History of the Bank of New York, 1784-1884 |
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Page 4
... shares , of $ 500 a share , was speedily taken up . A scheme for another bank , to be called the Bank of Pennsylvania , was soon set on foot ; but by an arrangement which gave to the projectors of the enterprise an interest in the ...
... shares , of $ 500 a share , was speedily taken up . A scheme for another bank , to be called the Bank of Pennsylvania , was soon set on foot ; but by an arrangement which gave to the projectors of the enterprise an interest in the ...
Page 5
Henry Williams Domett. a capital of $ 750,000 , in shares of $ 1,000 each . The management was to be in the hands of a governor and six directors , who were to serve without compensation until the first dividend was declared . Two of the ...
Henry Williams Domett. a capital of $ 750,000 , in shares of $ 1,000 each . The management was to be in the hands of a governor and six directors , who were to serve without compensation until the first dividend was declared . Two of the ...
Page 7
... shares should be subscribed for , a general meeting of the subscribers should be held to choose a President , twelve ... shares , to the number of four , should have one vote for each share ; a subcriber for six shares should have five ...
... shares should be subscribed for , a general meeting of the subscribers should be held to choose a President , twelve ... shares , to the number of four , should have one vote for each share ; a subcriber for six shares should have five ...
Page 8
Henry Williams Domett. five votes , one for eight shares six votes , and one for ten shares seven votes ; but no stockholder should have more than seven votes , be the number of his shares ever so great . A dividend should be made at the ...
Henry Williams Domett. five votes , one for eight shares six votes , and one for ten shares seven votes ; but no stockholder should have more than seven votes , be the number of his shares ever so great . A dividend should be made at the ...
Page 10
... shares was to be entitled . At an after meeting of some of the most influential characters , I engaged them so far to depart from this ground , as to allow a vote for every five shares above ten . " The stockholders have since thought ...
... shares was to be entitled . At an after meeting of some of the most influential characters , I engaged them so far to depart from this ground , as to allow a vote for every five shares above ten . " The stockholders have since thought ...
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Common terms and phrases
Aaron Burr Act of Incorporation afterward ALEXANDER HAMILTON Alexander McDougal Amos Kendall amount Anthony appointed April ARTICLE authority aforesaid Bank of North Bank-The Branch Bank building cash cashier Charles Wilkes charter circulation COMFORT SANDS committee Company Cornelius Heyer corporation DANIEL debt deposit discount dividends February five per cent FRANKLIN EDSON Fund further enacted Government Gulian Verplanck Halsey held Herman Le Roy hundred increased institution interest ISAAC ROOSEVELT issued JAMES January Jeremiah Wadsworth John Oothout JOSHUA WADDINGTON July June land bank Legislature letter Leverich loan March Matthew Clarkson meeting ment merchants Messrs Moidore Morris Canal Nicholas Gouverneur NICHOLAS Low November number of shares paid passed PETER petition Philadelphia PORTRAIT post-notes present purchase purpose received resignation resume specie RICHARD VARICK ROBERT BOWNE SAMUEL FRANKLIN second Tuesday Secretary Senate six per cent stockholders subscribers subscription tion Treasury notes Walton House WILLIAM MAXWELL William Seton York
Popular passages
Page 124 - Half-yearly dividends shall be made of so much of the profits of the bank as shall appear to the directors advisable; and once in every three years the directors shall lay before the stockholders, at a general meeting, for their information, an exact and particular statement of the debts which shall have remained unpaid after the expiration of the original credit, for a period of treble the term of that credit; and of the surplus of profit, if any, after deducting losses and dividends.
Page 126 - In case of excess, the directors under whose administration it shall happen, shall be liable for the same in their natural and private capacities ; and an action of debt may in such case be brought against them, or any...
Page 123 - State, such vacancy or vacancies shall be filled for the remainder of the year in which they may happen by...
Page 126 - ... requisite for its immediate accommodation, in relation to the convenient transacting of its business, and such as shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts, previously contracted in the course of its dealings, or purchased at sales upon judgments which shall have been obtained for such debts.
Page 125 - That the directors for the time being, or a major part of them, shall have power to make and prescribe such by-laws, rules, and regulations as to them shall appear needful and proper, touching the management and disposition of the stock, property, estate, and effects of the said corporation...
Page 127 - ... made, in a book or books to be kept for that purpose...
Page 12 - A majority of the directors shall have power to call a general meeting of the stockholders, for purposes relative to the concerns of the company; giving at least thirty days...
Page 121 - York" and by that name they and their successors shall and may have continual succession, and shall be persons in law, capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts and places whatsoever...
Page 121 - York, shall be in law capable of purchasing, holding and conveying any estate real or personal, for the use of the said corporation...
Page 121 - NewYork ;" and that by that name they and their successors, shall and may have succession during the continuance of this act ; and shall be persons in law, capable of suing and being...