White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1861-09-26

SEC. "a. Such banking association or banker,
after having complied with the provisions of the
last preceding section, shall give notice, for two
years, in some newspaper printed in tie County
where such bank shall have been located, and
in paper printed at the seat of government of
this State, that al circulating notes Issued BY
such banking association or banker Unjust be
presented at the Auditor Of States Office, with
in two years from the date of such notice, or
that the funds deposited for the redemption of
the notes will be given up to the banking asso-
citation or banker; and, on receiving satisfacto
ry proof of the giving of such notice for the
time aforesaid, the Auditor of State shall sur
render to the order of such banking association
or banker, any securities which he may hold
for the payment of any unredeemed notes Of
the said banking association or banker.
SEC. 25. Any banking association or banker
wishing to withdraw any of the securities by
them deposited with the Auditor OF State, may
do so by depositing an equal amount of the cir
culating notes which may have been issued to
said association or banker by the Auditor OF
State, in sums of not less than one thousand
dollars; PROVIDED. That the amount Of securi-
ties thus withdrawn by deposits of said circula-
ting notes, shall not reduce the amount Of stock
securities remaining in the hands of the Audit
or of State, TO less than twenty FIVE thousand
dollars.
SEC. &c. The securities to be deposited With
the Auditor of State, in trust, by any associa-
ton or banker, shall be held by him exclusive
ly for the redemption OF the bills or notes of
such bank, put in circulation as money, until
the same are paid and returned to the Auditor
of State, as provided in this act; but the Aud
itor of State may assign said securities to said
association or banker transferring the same,
upon receiving therefor equivalent securities,
2sr vatt Nfna
issued by such bank, as provided in section
twenty five of this act.
SEC. 81. All circulating notes of banks or
banking associations, returned to the Auditor
of State, shall be destroyed by him in presence
of the Governor and an authorized officer ofthe
bank, after he shall have made record of the
same, which shall specify the number of each
note, its date, and by whom it was countersign-
ed in the books to be kept by himself for regis
tering circulating notes.
SEC. %. 1t shall be the duty of the Auditor
of State to receive mutilated circulating notes
issued by HIM. and after making record of
them, their denomination and amount, to deiiv
err, in lieu thereof, circulating notes to the same
amount.
Sec %. The bills or notes of any bank or
banking association shall! be, at all times, re-
ceived by the same in payment Of all debts
[due to such bank or banking association
SEC. 30. If the declared capital of any bank
ing association shall be reduced for any purpose
! whatever, while the debts of the association re-
main unsatisfed, no dividend or profits in the
shares of the capital stock of the association
shall thereafter be made, until the deficit of the
capital shall be made good, either by subscrip-
ton of the shareholders, or out of the subse-
quent accruing profits of the association; and,
| if it shall appear that any such dividends have
been made it shall be the duty of any Judge of
the District Court of the County in which said
bank is located, on application of any person in
interest, to make the necessary orders and de-
crees for the closing of the affairs of the associ
alton, and distribute its property and effects
among the creditors and shareholders.
SEC. 81. The officers or agents of any bank
ing association or banker, who shall pay out, to
be put in circulation as none, in this State,
any bill, note, certificate of deposit. or other
paper having the siRlitude of bank note,
knowing the same to have been issued other
wise than by the authority of this or any other
State of the United States or of the British
Possessions, shall fol each offense, upon convic-
ton thereof, be adjudged guilty of msdemeanor,
and shall be fined by not less than one hundred
dollars, or by not less than three nor more than
twelve months imprisonment, or both BY fine
and imprisonment.
| SEC 80. Such bank or banking association
may demand, and receive, for loans on real and
personal security, or for notes, bills Or other
evidences of debts discounted, such rates of in
terest as may be agreed upon by the parties,
subject, however, to general laws regulating
and fixing the rate of interest-and it shall be
lawful to receive the interest in advance, &C.
cording to the ordinary usage of banking iDsti.
tutions-andsin general do all things and have
all the privileges incident to banking associa
tons or corporations.
SEC. 80. Every bank or banking association
shall, on the first Monday of January, April, Ju
ly and October, in every year, after having
commenced the business of banking as provi
ded in this act, make and transmit to the Audi
tor of State a report, which shall be made on
oath Of the president and cashier, and shall con
tain a true statement of the following items
on the mornings of the first Monday of Janna
~, April, July and October, before any bushes.
Of that dav: Loans and discounts; over draft
due from banks; due from directors Of sale
banks; real estate; specie; cash items; stocl
and promissory notes; bills of solvent banks
bills Of suspended banks; loss; expense account
capital; circulation; amount due to depositor:
r on demand; amount due, not included unde
! either of the above heads. And it shall be thu
duty of the Auditor Of State to cOllate and pub
lish said report once, in some newspaper printed
: at the seat of government and in the County il
which said bank or banks are located, and thu
!. expense thereof shall be betrayed by the banks
and if any bank shall fail to furnish to the Au
ditor its quarterly report in time for such pub
LEGATION, or shall fail to pay the expense incur
red in the publication of its report, when the.
, shall be demanded by him, it shall forfeit an.
! nav the Auditor of State the sum of one hun
dred dollars to be applied BY him TO the expense
Of publishing the quarterly reports; and the Au
ditor of State is authorized to collect said for
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