Sec. 3-48. National bank stock; Treasurer attorney for state.
Sec. 3-48. National bank stock; Treasurer attorney for state. The Treasurer is
appointed as the attorney of the state, with power of substitution, to consent upon its
behalf that the articles of association of any national bank, in whose stock any portion
of the School Fund or Agricultural College Fund is invested, be amended so as to authorize the extension of the corporate existence of such bank, and, on behalf of the state,
to consent to the reduction of the capital stock of any such bank, sign all necessary
papers and do all other acts to carry out the powers herein granted.
(1949 Rev., S. 140; 1957, P.A. 506, S. 6.)