Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-03-24
AN ACT

Supplementary 10 an act entitled Gan Act
10 License and Tar Money Brokers and
Exchange Dealers" approved November
%, 1858.
Be it enacted by the General assembly of
The STATE Of Missouri, as toliO,rs:
Sec. l. No Money Broker or Exchange
Dealer shall, after the passage Of this act,
be permitted 10 receive on deposit, directly
or indirectly. from any bank, incorporated
company, banker, broker, or other individ-
ual, located or doing business outside OF the
State OF Missouri, any bank note or other
paper currency issued as a circulating me-
dunn by any bank, banker or incorporated
company, other than by the specie paying
banks OF this State.
| SEC. 2. No such Broker or Exchange
Dealer within this State shall be permitted
TO purchase, take, or otherwise receive,
with view or for The purpose of putting
| the same in circulation, in this State, any
such bank mole or paper currency, payable,
or purporting TO be payable, outside OF this
State, from any bank, banking company,
broker, or other individual located and dung
blsidess in any other State than the State
OF Missouri.
SEC. 3. Brokers and Exchange Dealers
may take on deposit, purchase, or other
wise rec eve, from companies. ur persons
doing business in this State. any such bank
notes or paper currency referred 10 in The
two preceding sections of this act, and which
have been received in payment OF debt, or
in the regular course OF trade, from persons
residing within our or out OF this State; but
such brokers and exchange dealers shall
not be permitted TO pay out or put in circu-
lation in tins Stale any such bank noles or
currency, promising or ordering the pay
rDeni OF money or other things Of less de-
domination than FIVE dollars.
! SEC. 4. All bank notes and paper cur
rency made payable outside Of this State, as
aforesaid, which may be received by any
such broker or exchange dealer, and OF a
less denomination than five dollars, she'll be
by him in good faith sent out of this State,
Tor deposit, the payment of debt, or the
purchase Of exchange.
SEC. 5. The provisions Of this act shall
apply 10 any company or association OF per-
sons engaged in the business defined In the
first section Of the act 10 which This Is sup
plement.
! SEC. 6. Before any person or association
Of persons shall receive a license 10 do
business or deal as money broker, he or
they shall deliver TO the collector an affila-
Wit that during the existence OF such license,
lie or they will strictly comply with the re.
quirements of this act, which affidavit, TO-
gether with the sworn stalemen, now re-
CURED 10 be made by the second sectinn Of
the ACT, 10 which this is an amendment, shall
be filed with the Clerk of the County
Court.
SEC. 7. Any licensed broker or company
Of persons violating the provisions of this
act, shall be guilty of misdemeanor, and
punished by fine not less than one thou
sand dollars, TO be collected by an indict-
ment and il is hereby made the duty of the
several Courts having criminal jurisdiction
in this State, 10 give tins act specially in
charge 10 their respective grand juries.
SEC. 8. The Bank Commissioner shall
report all violations of this act coming TO his
knowledge. TO the grand jury Of the county
in which such violations may have occur
red together with all parts connected there
with.
SEC. 8. All notes, bonds, bills Of ex-
change, or other instrument, purchased in
violation OF this act, or founded on loans
OF bank nntes or currency contrary 10 the
provisions herein contained shall be void
in the hands vi any such broker or exchange
dealer.
SEC. 10. Before any association Of per-
sons shall receive icense 10 DO bniSue,s
or deal as a money broker, they shall fur
nish 10 the Collector Of the county where
they propose doing business under oath, the
names oil all the persons composing said
association, and shall also publish. in some
newspaper printed in the place where they
propose 10 do business, the names of the
persons Composing said association. APP
proved March II, 1859.