The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-08-05
NEW SERlES--NO. l44.

and interest declared and payable upon any
oi the stocks. bonds or other evidences ot
indebtedness of said bank. which at the date
Of such statement, shall have remained un-
claimed by any person or persons authorized
to receive the same. for two years then next
preceding.
SIC. &c. Such statement shall set forth
the time that every such deposit WINS made,
its amount, the name aud residence IL known,
Of the person making il, the name OF the
person in Whose favor the dividend or inter.
cot may have been declared. its amount, and
upon what number Of shares. and on what
amount Of stocks. bond or other evidence Of
indebtedness Of any such bank or banking
association.
Size. 81 All plates, dies, aud such like
materials Of and peculiar 10, any individual
bank or banking association which shall
have closed business, either by its own vol.
untary act or by operation Of law, under
the direction OF the Auditor Of State. In
presence OF the Governor or Treasurer of
State shall be destroyed, mud such destruction
specifying the articles No destroyed shall be
officially certified to by the three Aforesaid
officers
Sko. u. II shall be- the duty Of tho legis.
laturc annually, to elect u Joint committee
who's duty It shall bo to examine the treas
urcrs accounts, TO examine such Of the No.
curities deposited Ia the Auditor Of STATES
Office, by banking associations and individu.
al banks. together with books and papers
therein. relating 10 tho business Of banking.
and tho said committee shall report the true
state and condition Of that department 10
the legislature.
$50. 30. Every officer. agent or clerk Of
any banking association or banker authorix
cd by this act who shall wilfully and know
ingly subscribe, or make any falsc statement
Of facts, entries In the books of such person or
association, or shall Knowingly subscribe or
exhibit false papers with the intent 70 deceive
any person authorized ~ examine m ~ tho
condition Of such bnnk or association, or
shall wiliully and knowingly subscribe and
make false reports shall b. deemed guilty OF
,nIslemeanor, aud shall b. subjected 10 I'm
priaonnent nj hard labor In the State pris-
on, for such term not less than ono year nor
more than ten years, M The court trying him
shall designate. And likewise any commits.
sioncr. examiner, master 10 chanccry. or
judge, wilfully and knowingly subscribing or
making any false report, shall BIZ deemed
guilty Of mi@lcmcanor. and BIO subjected 10
like penalties,
SEC. 40. The Auditor of State shall
within twenty days after the pasaagc Of this
net, give 10 the State Of Minnesota o bond
In the penal sum Of fifty thousand dollars,
with not less than five suretics 10 be approx.
ed by the Governor and Secretary Of State,
conditioned Tor the faithful discharge Of oil
the duties OF his Office. provided for and In
cumbent upon him under this act. and DO.
post the same 10 the Office Of tho State
Treasurer; and the Auditor Of State shall
not be directly nor indirectly interested In
any bank or banking association or On On
individual banker.
SEc. Al. Any banker or banking asso.
ciaiion that shall organize under this act,
shall be required 10 pay the Auditor Of State
for the sryices performed by him or under
his direction. IN behalf OF such banker or
banking association. according TO the provL
sions tbereof) one fourth Of one per cent. on
the amount 0l circulating notes countersgned
aud registered IA hereinbclore provided, and
may require the same 10 be paid at the time
u The delivery Of such notes.
SIC. AZ. In case the securities deposited
with the Auditor Of State 10 secure the re-
demption Of the circulating notes Of any
bank, shall be sold 10 pursuance Of the 70.
quircmcnb hereof. oneeighth Of one per
cent. on the amount received for the same
shall be allowed the Auditor Of State, for
his services Ia selling the stock and redeem.
Ing the notes of such bank, and the amount
OF such per csntage together with NIL Deces.
sary expenses incurred in advertising and
selling such stock, shall be- audited by the
State Treasurer and on his certificates the
Auditor of State may deduct the same from
the proceeds OF such sale.
Sso. a. Any person or persons viola.
ting any Of the provisions Of this act, not
bereinbefore specially provided for, shall
upon conviction thereof. pay q fine Of not
less than fifty dollars or more than five hun
dred dollars for each and every ohsnce, 10
be- recovered before any court having com
p,tent jurisdiction, and all fines and penalties
~ recovered shall b. paid into the State
Treasury.
Ssc. ~. The set entitled ian act 10
authorize the busioers Of banking. approved
March 10, 1858. together with all acts and
parts Of acts Inconsistent with this act, arc
hereby repealed.
$50. 81. This act shall take eject and
b. IN force from and AFTER liz passage.
GEosvE Bradley,
speaker Of the u. Of u.
MILAN iioLoOsBE, Pres. Of senate.
Approved July 70, ISIS.
HEssr u. HirLGr, Governor.
! certify the above W be true and correct
copy ii an act entitled ian act N authorize
and regulate the business Of banking" ~ .sp-
pears from the original on his In this once.
Ia witsess whereof have hsvsunto ct ny
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