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" After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum... "
To Aid in the Marketing of the Debentures and Other Obligations of the ... - Page 5
by United States. Congress. Senate. Banking an Currency Committee, United States. Congress. House. Committee on Banking and Currency - 1932 - 53 pages
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - Banks and banking - 1911 - 576 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank. The net earnings derived by the United...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - Banks and banking - 1914 - 138 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank. The net earnings derived by the United...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - Civil procedure - 1914 - 1628 pages
...earnings shall be paid to the United States as a franchise tax. except that one-half of such net earnings lities is hereby declared to be plenary and to be unlimite forty per centum of the paid-in capital stock of such bank. Net Earnings Derived by the United States....
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The Federal Reserve Act: A Discussion of the Principles and Operations of ...

Clarence Walker Barron - Banking law - 1914 - 232 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank. The net earnings derived by the United...
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Money and Banking

John Thom Holdsworth - Banks and banking - 1914 - 464 pages
...earnings shall be paid to the United States as a franchise tax. except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such .bank. The net earnings derived by the United...
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A History of Currency in the United States

Alonzo Barton Hepburn - Coinage - 1915 - 580 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank. The net earnings derived by the United...
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A History of Currency in the United States, with a Brief Description of the ...

Alonzo Barton Hepburn - Coinage - 1915 - 588 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank. The net earnings derived by the United...
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Annual Report - Board of Governors of the Federal Reserve System, Volumes 1-2

Board of Governors of the Federal Reserve System (U.S.) - Banks and banking - 1915 - 670 pages
...earnings shall be paid to the United States as a franchise tax, except that onehalf of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank. The net earnings derived by the United...
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Principles of Banking: A Series of Selected Materials

Banks and banking - 1916 - 832 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank." (Federal Reserve Act, December 23, 1913.)...
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Federal Reserve Bulletin

Banks and banking - 1916 - 850 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings s X* 40 per cent of the paid-in capital stock of such bank. From this it will appear that the stockholders...
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