The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1858-05-12
WHOLE NO. SO.

s 81. The Bank Commissioners cre-
ated by this act, shall each be entitled
to receive for their services, for every
day actually spent in making the semi
annual examination by this act required
the sum of five dollars per day, which
said sum shall be apportioned among
the said banks by the Commissioners,
in proportion to the amount of their cap
ital, and when the said bank Commits
sioners shall deem it necessary to visit
any Bank ofterer than twice in each
year, and shall make such visitation,
said bank shall pay each of said Com
missioners the sum of five dollars for
every day actually spent in such vista
ton.
S38. Said Bank Commissioners may
cause such semi annual or other exami-
nation to be made by any one OR more
of their number as they may determine
but all action by them contemplated in
section 35 Of this act, shall be decided
by majority.
5 80. Every corporation who shall
hereafter carry on banking business un-
der the provisions of this act shall make
out and transmit to the Auditor of State,
a full statement of its affairs, as they
existed on the first Monday of January,
April, July and October, of each year,
verified by the oath of its President or
Cashier, which statement shall be de-
posted in the Office Of said Auditor, by
the Goth day of each of said months in
each year, which statement shall be pub
lished quarterly in the nearest newspa-
per, and such statement shall contain:
First.-The amount Of capital stock
of the corporation paid in, and invested
according to law.
Second.-The value of the real estate,
specify ing what portion is occupied by
the corporation for the transaction of
business.
Third.-The debts owing to the COR
poration. and the date and amount of
each bill or note discounted, and when
the same was made payable.
Fourth.-The amount of debts owing
by the corporation, and the amount de-
posted with osher banks.
Fifth.-The amount of notes or bills
then in circulation of said corporation,
of loans or discounts and specie on hand;
what amount of notes of other banks is
held by such corporation, and the
amount loaned to directors and stock
holders in such corporation.
Sixth.-The amount of suspended
debt held by such corporation.
Seventh.-The amount of per centage
of deposits on hand.
5 40. Every corporation that shall
neglect or refuse to make out or trans
nit the statement required in the thirty
fifth section of this act, shall be re-
strained from the further prosecution of
the banking business, and shall forth
with go into liquidation.
5 Al. Whenever any corporation de-
sirous of relinquishing the banking
business, shall have redeemed at least
ninety per cent. of their circulating
notes, and shall produce a certificate
from the State Treasurer, certifying that
such corporation has deposited in his
Office, subject to the order Of the Audi
tor, sum of money equal in amount to
the notes of such corporation then out
standing, it shall be lawful for the Audi
tor to receive the same and to give up
all the securities therefore deposited by
such corporation, for the redemption of
the notes issued, which sum so deposit
ted with the State Treasurer as aforesaid
shall be appropriated solely for the re-
demption of the outstanding notes of
such corporation subject to the provis-
ions hereinafter mentioned.
5 AZ. Every officer, agent or clerk
of any incorporation authorized by this
act, who shall wllfully and knowingly
subscribe or make any false statement
or false entries in the books of such in
corporations, or shall knowingly SUBJ
scribe or exhibit false papers with the
intent to deceive any persons authorized
to examine as to the condition of such
incorporation, or shall wilfully or know
ingly subscribe or make false reports.
shall be deemed guilty of felony, and
upon conviction thereof shall be fined
not exceeding ten thousand dollars, and
be imprisoned in the State Prison not
less than two nor more: than fourteen
years, and be forever after rendered iu-
capable of holding any office created by
this act.
s 43. Such corporation, after having
complied with the provisions of the
preceding sections of this act, may give
notice for two years in paper pub
lished at the seat of Government, and
also in at least one paper published in
the county where the said corporation
shall have been located, that all circu-
lating notes issued by said corporation,
must be presented at the Auditors Of
fee within two years from the date of
said notice, or that the funds deposited
for the redemption of the notes will be
given up to the corporation, and on re-
ceiving satisfactory proof Of the giving
of such notice for the time aforesaid, the
Auditor shall surrender to the order of
said corporation any securities which
he may hold for the payment of any
unredeemed notes of said corporation.
and the Treasurer shall deliver over to
such corporation any moneys in his
hands which have been deposited with
him for such purpose. on the produc-
tion Of such certificate, such notice to be
published at least three weeks in each
six months of each year. ......
! 5 a.. Each corporation organized
under the provisions of this act may
take, receive, or charge on any loan or
discount made Or upon any note or bill
of oxchanoa or other avidopoa IF daht