The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-04-28

published in some newspaper published at
the seat OF govssnmsat and In newspa-
per published In the county in which the
bank does business, and IL there be no pas
per publishsd ia such county, then in
Newspaper published in the nearest county
thereto; Provided, That neither Of the
Commissioners elected IN accordance
with the provisions Of this section shall be
engaged either directly or indirectly in
banking under the provisions OF this act,
Ger, and should sishsr Of them % engage
In banking 90 elected. it shall be construed
o. full resignation Of his Office ~ Com
missioner.
a. Such Bank Commissioners before
entering upon the duties Of the Office shall
take and subscribe an oath or affirmation
faithfully and impartially 70 perform ell
the duties cDjoined upon and requirsdio
b. performed BY them, which said oath or
affirmation shall be filed in the Office Of
the Secretary Of State.
! IS. II the said Bank Commissioners
shall ascertain, upon any examination
which they may make, thst any change
has been made in the securities deposited
with the Treasurer. or that any part there
OF has been lost, destroyed, or improperly
withdrawn, or In any way or manner mis-
used or misapplsd, Or that sesurities have
from any cause become lesscned 10 value
or insufficient for the redemption Of bills
Of circulation. they shsTl notify the Prssi-
dent and Cashier Of such corporation La
II, L.. r. al k.,~ -
facts Of the discovery thereof, and require
Tie transfer and deposit Of other security
of the like value with those originally
transferred, to supply the plscs Of those
changed, lost or improperly withdrawn, or
winch, shall have become insufficient So
= e aforesaid, in . reasonable time
I'D by said Commissioners. or that
tporation sursendss to the Auditor
4 sufficient amount Of bills to BE- refunded
to reduce the liability Of such corporation
to such sum ~ that the securities in pos
ssssion Of the Treasurer will be sufficient
for the redemption Of ~ notas mot % snr-
rendered and in cas5Af any failure to
comply with any sch sequisition the Com
missionsrs shall report the facts to the Ao-
ditor, % well a. to oil the other corpora-
tons incorporated nndsr the provisions Of
this act, and the Auditor shall thessupon
proceed TO put such defanltipg corporation
into liquidation, - provided fos IA cass Of
failure 70 redeem or pay notes on demand.
II the said Bank Commissioners shall a.
certain, upog h such sxaminstion. that
any bank has I'd any manner failed to CON-
ply with the provisions Of this act, they
shall Immediately report the Same to the
Auditor. who shall therevpon proceed to
put such defaulting corporation in liquida-
ton, ~ provided for in case OF failure
to redeem or pay its notes Or bills on de-
mand.
sS. Thomas Hodge, Of Dss Moines
county. George L. Davenport, Of Scott
county. r. Cad Bryan, Of Wsren county.
Thomas A. Graham, OF lamar county,
and E. G. Peter. OF Jackson county,
shall be and they are hereby appointed
a. Bank Commissioners, whs shall hold
their Office until their successors arc elect.
ed and qualified. Said Commissioners
shall, during their term OF Office, per-
form oil the duties prescribed BY he pro-
visions 81 this act.
81. The Bank Commissioners ere
ated BY this &C. shall each BE- entitled to
receive for their services, for every day &C.
tually spent in making the ssmi-annual
examinations required By this oct, the sum
Qn61nr dollars per day, which said sum
" apportionsd among the said banks
49, n1nD@issionsrs, II proportion to the
amcu Aeir capital and when the
I'D Commissionsrs shall deem Il
10 visit any bank oitsnss than
4 twitd O4ch year, and shall make such
visitations - bank shall pay each OF said
copqipsio the sum VI Eve dollars for
1ly consumed in such yis-
-. Said Bank Commissioners may
be such seQkannua! or other examina-
non 70 - made By any one or more Of
theR mug er % they may deternine, but
al acdn 5enem contemplated in section
af11hip act. shall be decided BY me-
corporation who shall
= u nbvlD Ions Of this act shall make out
L. ~ trd1Dmit 10 the Auditor OF State full
slotemsnt Of its Affairs, - they existed on
= bret 2n1ay Of January, April. July.
y pi each year, verified BY the
)eat or Cashier, which
IGlE6e deposited in the ONCE
IT, by the 9oth day Of each
~ each year, which state
publshed quarterly In the
: paper; and such statement
N fontain
The amount Of capital stock Of
1orporation paid in, and invested &C
ito law.
nd-The value Of the real estate.
laR what portion ID occupied BY the
corporation for the transaction Of bust
nnaa:
fhird-The iobts oxiag 70 the corpo.
ntion. and the date and amount Of each
u Or note discounted, and VIXEN the sams
Ras made payable.
ourth-Ths amount Of dsbts owing
b corpnfation. and the amount dspos-
with q ! hanks.
Fifth--The 1Dlount of notcs or bills
then in circulation Of said corporation, OF
loans or discounts and specie on hand;
what amount Of notes OF other banks 10
Hhela " such corporation, and the amount
directors and stoc kholdersin such
lion
h-The amount Of suspended debt
49, - such corporation.
eenth-The amount OF per ccntape
eposits on hand.
40. Every corporation that shall neg
Jaet or refuse TO make out OF transmit the
11etement required In the thirty-li sec.
VOIIof this act, shall be restrained from
the further prosecution OF the banking bu-
ainea and ahs11 fovihus,tth ~ ;rtr lir..sA>