Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1858-04-29

sum of five dollars per day, which said
sum shall be apportioned among the said
banks by the commissioners, in propoT-
ton to tie amount of their capital, and
when the S., id bank commissioners shall
deem it necessary to visit any Bank Of
tener than twice N each year, and shall
make such visitation, said bank shall pay
each of said Commissio "ers the sum OF
five dollars for every day .,eftuaily spent
in such visitation.
s 38. Said Bank Commissioners may
cause such semi-annual or other exam"
nation to be made by any one or more of
their number as they may determine, but
all action by them contemplated in sec
ton 35 of this act, shall be decided by
majority.
s 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,
full statement of its affairs, as they ex-
listed 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 depos-
tied in the Office of said Auditor, by the
26th day of each Of said months in each
year, which statement shall be published
quarterly in the nearest newspaper, and
such statement shall contain:
First.-The amount of capital stock of
the corporation paid in, aud invested ac-
cording to law.
Second.-The value of the real estate,
specifying what portion is occupied by
the corporation for the transaction of bus
mess.
Third.-The debts owing to the corpo-
ration, 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 other 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 stockholders in
such corporation.
Sixth.-The amount Of suspended
debt held by such corporation.
Seventh.-The amount of per centa,s
of deposits on hand.
5 40. Every corporation that shall ne
glect or refuse to make out or transmit
the statement required in the thirty fifth
section Of this act, shall be restrained
from the further prosecutions of tho bank
ing business, aud shall forwith go into
liquidation.
5 Al. Whenever any corporation, de-
sirous of 'relingushing the banking bus
mess, shall have redeemed at least nine
ty per cent. of their circulating notes,
and shall produce certificate from the
State Treasurer, certifying that such COR
poration has deposited in his Office, sub
Ject to the order Of the auditor, sum Of
money equal in amount to the notes of
such corporation then Outstanding. il
shall be lawful for the auditor to receive
the same and to give up all the securi-
ties heretofore deposited by such corpo-
ration, for the redemption of the notes
issued, which sum SO deposited with the
State Treasurer as aforesaid shall be APP
propriated solely for the redemption of
the outstanding notes of such corpora
ton subject to the provisions hereinafter
mentioned.
5 AZ. Every officer, agent or clerk of
any incorporation authorized BY this act.
who shall wilfully and knowingly sub
scribe or make amy false statement or
false entries in the books of such incor-
po:ations, or shall knowingly subscribe
or exhibit false pape.Is with the inteat to
deceive any persons authorized to exam
Inc as to the condition of that such in
corporation, or shall wilfully All know
ingly subscribe or make falls, reports,
shall be deemed guilty of felony. and
upon conviction thereof, shall b, fined
not exceeding ten thousand dollars, ani
be imprisoned in the State Prison not
less than two nor more than fourteen
years, and be forever after rendered in
capable of holding any office created by
this act.
5 43. Such corporation, after having
complied with the provisions of the pre-
ceding sections of this act, may give no.
tice for two years in "a paper published at
the seat of Government, and also in at
least one paper published in the county
where the said shall have been located.
that all circulating notes issued by said
corporation, mnst be presented at the au.
d'tor's office within two years from tho
date ofsaid noice, Or that tho funds do
posted for I'll, redemption of the notes
will be given up to the corporation, and
on receiving satisfactory proof of tho Civ
ing 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 un-
redeemed notes of said corporation, and
the Treasurer shall deliver over to such
corporation any moneys in his hands
which haye been deposited with him for
such purpose. ON the production 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 provision Of this act may t,kc, re-
ceive, or charge on any loan or discount
made or upon any note or bill Of ex-
I