State bank Sentence Examples

There were no banks in the state until 1806, when a state bank (controlled by the state) was established which was finally closed up in 1845, although as early as 1812 a law was passed to close it.

The first private state bank was opened in 1817; an act of 1831 provided for a safety fund guaranteeing bank circulations and derived from a 41% tax on capital stock and a 1 o% tax on profits; but this law was modified in 1842, the tax being removed from banks giving specie guarantees; and a free banking act was passed in 1851.

In 1845 the legislature chartered for twenty years the State Bank of Ohio, based on the model of the State Bank of Indiana of 1834.

At the close of the Crimean War a British bank was opened in 1856 at Constantinople under the name of the Ottoman Bank, with a capital of £500,000 fully paid up. In 1863 this was merged in an Anglo-French bank, under a concession from the Turkish government, as a state bank under the name of the Imperial Ottoman Bank, with a capital of £2,700,000, increased in 1865 to £4,050,000 and in 1875 to £10,000,000, one-half of which is paid up. The original concession to the year 1893 was in 1875 extended to 1913, and in 1895 to 1925.

The burning points of controversy were the magyarization of the Hungarian regiments and the question of the separate state bank.

On the previous day the Hungarian parliament had adopted a proposal in favour of an address to the crown asking for a separate state bank.

A parliamentary commission, appointed to inquire into the charges against him, discovered only that Crispi, on assuming office in 1893, had found the secret service coffers empty, and had borrowed from a state bank the sum of £12,00o for secret service, repaying it with the monthly instalments granted in regular course by the treasury.

A constitutional provision makes each stockholder in a state bank liable to the amount of his share or shares for all the bank's debts and liabilities.

A savings bank is taxed on its deposits, and a state bank is taxed on its capital-stock.

After nearly all the forty-six banks chartered by the legislature in 1818 had been wrecked in the financial panic of 1819, the legislature in 1820 passed a series of laws designed for the benefit of the debtor class, among them one making state bank notes a legal tender for all debts.

The Paraguayan Bank, with a capital of £600,000, was opened in 1905, and the state bank (Banco de la Republica), with a total authorized capital of £4,000,000, was opened on the 30th of June 1908.

This concession of form having been made to the Magyars without the knowledge of the Austrian government, Prince Konrad Hohenlohe, the Austrian premier, resigned office; and his successor, Baron Beck, eventually (July 6) withdrew from the table of the Reichsrath the whole Szell-Korber compact, declaring that the only remaining economic ties between the two countries were freedom of trade, the commercial treaties with foreign countries, the joint state bank and the management of excise.

The burning question of the " Magyar word of command " remained unsettled, save in so far as the fixed determination of the king-emperor had settled it; the equally important question of the renewal of the charter of the Austro-Hungarian State Bank had also formed no part of the agreement of 1907.

A second state bank was chartered in 1835; two years later it suspended payment, and in 1843 the legislature provided for its liquidation.

In 1889 the shah granted a concession to Baron Julius de Reuter for the formation of a state bank with the exclusive right of issuing bank-notes not exceeding 8oo,000 without special assent of the Persian governmenton the basis of the local currency, the silver kran.

The present banking law provides that the capital stock of a state bank shall be not less than $20,000 in a city of not more than 1500 inhabitants, not less than $25,000 in a city of not more than 5000, not less than $50,000 in a city of between 5000 and 20,000, not less than $100,000 in a city of between 20,000 and 110,000, and not less than $250,000 in all larger cities.

The state banking board, which is composed of the governor, lieutenant-governor, president of the board of agriculture, state treasurer and state auditor, levies against the capital stock of each state bank and trust company, organized or existing, under the laws of the state to create a fund equal to 5% of average daily deposits other than the deposits of state funds properly secured.