Edward Douglass White, Union National Bank v. McBoyle…
“ Thus recognizing the right of the bank, consistently with the National Bank Act, to acquire the stock, and treating the power to sell it as being indisputably vested at least in the board of directors, the court adhered to the opinion which it had previously expressed that the power in the cashier to make the sale in question was susceptible of being deduced by fair implication from the rules adopted by the board of directors for the government of the business of the bank and from the circumstances of the case. ”
