Sec. 5182. National Bank Notes and Money. - After any association receiving circulating notes under this title has caused its promise to pay such notes on demand to be signed by the president or vice-president and cashier thereof, in such manner as to make them obligatory promissory notes, payable on demand, at its place of business, such association may issue and circulate the same as money. And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except duties on imports: and also for all salaries and other debts and demands owing by the United States to individuals, corporations and associations within the United States, except interest on the public debt, and in redemption of the national currency.

Act of July 28, 1892, 27 Stat. 322, provides that the provisions of the Revised Statutes of the United States providing for the redemption of national bank notes, shall apply to all national bank notes that have been or may be issued to, or received by. any national bank, notwithstanding such notes may have been lost by or stolen from a bank and put in circulation without the signature or upon the forged signature of the president or vice-president and cashier.

Sec. 5183. Prohibition of Other Notes. - No national banking association shall issue post notes or any other notes to circulate as money than such as are authorized by the provisions of this title.

Sec. 5184 Worn-out and Mutilated Notes. - It shall be the duty of the Comptroller of the Currency to receive worn-out or mutilated circulating notes issued by any banking association, and also, on due proof of the destruction of any such circulating notes, to deliver in place thereof to the association other blank circulating notes to an equal amount. Such worn-out or mutilated notes, after a memorandum has been entered in the proper books, in accordance with such regulations as may be established by the Comptroller, as well as all circulating notes which shall have been paid or surrendered to be canceled, shall be burned to ashes in presence of four persons, one to be appointed by the Secretary of the Treasury, one by the Comptroller of the Currency, one by the Treasurer of the United States, and one by the association, under such regulations as the Secretary of the Treasury may prescribe. A certificate of such burning, signed by the parties so appointed, shall be made in the books of the Comptroller, and a duplicate thereof forwarded to the association whose notes are thus canceled.

Sec. 5185. Organization op associations to Issue Gold Notes.- Associations may be organized in the manner prescribed by this title for the purpose of issuing notes payable in gold; and upon the deposit of any United States bonds bearing interest payable in gold with the Treasurer of the United States, in the manner prescribed for other associations, it shall be lawful for the Comptroller of the Currency to issue to the association making the deposit circulating notes of different denominations, but none of them of less than five dollars and not exceeding in amount eighty per centum of the par value of the bonds deposited, which shall express the promise of the association to pay them, upon presentation at the office at which they are issued, in gold coin of the United States, and shall be so redeemable. But no such association shall have a circulation of more than one million of dollars.

Act of January 19, 1875, 18 Stat. 302, provides that each of such existing banking associations may increase its circulating notes, and new banking associations may be organized, in accordance with existing law, without respect to such limitation.

Sec. 5186. Lawful Money Reserves. - Every association organized under the preceding section shall at all times keep on hand not less than twenty-five per centum of its outstanding circulation, in gold or silver coin of the United States; and shall receive at par in the payment of debts the gold notes of every other such association which at the time of such payment is redeeming its circulating notes in gold coin of the United States, and shall be subject to all the provisions of this title: Provided, that, in applying the same to associations organized for issuing gold notes, the terms " lawful money " and " lawful money of the United States " shall be construed to mean gold or silver coin of the United States; and the circulation of such associations shall not be within the limitation of circulation mentioned in the title.

Sec. 5187. Penalty for Issuing Circulating Notes to Unauthorized Associations. - No officer acting under the provisions of this title shall countersign or deliver to any association, or to any other Company or person, any circulating notes contemplated by this title, except in accordance with the true intent and meaning of its provisions. Every • officer who violates this section shall be deemed guilty of a high misdemeanor, and shall be fined not more than double the amount so countersigned and delivered, and imprisoned not less than one year and not more than fifteen years.

Sec. 5188. Imitation of Notes for Advertising. - It shall not be lawful to design, print, or in any manner make or execute, or to utter, issue, distribute, circulate, or use, any business or professional card, notice, placard, circular, hand-bill, or advertisement, in the likeness or similitude, of any circulating note or other obligation or security of any banking association organized or acting under the laws of the United

States which has been or may be issued under this title, or any act of Congress, or to write, print, or otherwise impress upon any such note, obligation, or security any business or professional card, notice or advertisement, or any notice or advertisement of any matter or thing whatever. Every person who violates this section shall be liable to a penalty of one hundred dollars, recoverable one half to the use of the informer.