The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-10

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assets shall Be rablsh.a for wesks
10 one or more J, nswnsps rssss.s ~ ,ss f, sss
shall state where nsueh city, village or town payment Of The
SEC "A, The expiration Of year a,.r the pasnessn
q toe list and notice as pro.asa IN shs last Prsessns 80
money by the SUPERINTENDENT the Bsnk Departmens
s Snn nso hs Treasury me & '''
& :a. e s Ss 9, o, en-,
the city village or town where such Dissolved bank cas- 10
lanai pc he .ss other
src awseness aeJn sns n, The
snSen. q any saving. bank , he
UNSAFE m.pnsI or 'n., It's income = pot .ahssa % pay
spoa deposit. surplus i Re may MAE
q s:ss .
i:S sSSSs sas @ =
.ssns bank Ss such ~ osss, @ 2
SSs enc S' savings ss sf T %
vdsd in section 30 to and including section ~ Of 'hs ssl
or REPORTS AND SUPERVISION.
day Of February August year. repor, 10
writing to the Of The s.asns Department 70
M Gay 81 January and July preceding s.er The tn % ~
counts Of the depositors.
SEC report shall state The total amount Of ASSETS
and the rate Of interest," the cost, value. estimated
designating each particular kind stock any bond.
and MORTGAGES the interest which Is in Tor three
months or upward the amount loaned the security OF
stock wIh description Of :. the .tocss held security
separately any loan. which the ia,srssi nel
ssS.y paid the .mOun; Inv Invested in real sss Its sS
the the amount Of cash hand deposit baaks
s Ss S amount IN Cash The
T. Of aSoss on re q
ana every bond ana held ey such s ssns e
Uses are situated and the rate OF nsess, OF such bond and
SEC. 7 Such report shall also all the liabilities Of
The savings bank making the same on the sAia is DAY OF
eIsasa q them Tor that day. stating
W .Ssa s @
deposited he amour. Withdrawn during the
amount Of interest credited to deposors for the year pre-
esin date Of such report the number q new accounts
SEC HAter the report required BY sections q ana % to
p pc esi ae Isl ss
July in each year as required BY this act shall STATE CON
part and how much has been paid since the date OF the last
cages az have been taken tor Investment the
last And no savings bank shall hereafter be
the Mayor and Commona OF city, nor 10 the Board OF
charter Of any savings bank to the contrary
any local officer or authority nor 70 any interference from
sEo zS~sush report shall be verified the oath of the
assets shall be verned BY the oath OF one or more OF the
s. false
sssIs the ssa 81 the ss g
pursuant to the provisions OF this act shall be deemed per-
S'so ana
Dtn
required BY this act a. the time ieaarsd
ing Department to forfeit Of one hundred dol
tam an action a name OF once 10 recover yer such penalty
OF the State and be applied the expenses of the Bank De-
SEQ. fit shall be duty of the Superintendent OF the
Banking Department on or before the s day Of March a
the condition Of every savings bank from which has
fpr The
s O To
mnistrason Q. the affairs Of savings " e, banks M
Banking Department in three years, HIMSELF
or BY competent by him apponte
affairs general. each and every savings bank organized
OF such examination the records Of each savings
bank 50 and 70 . END the . SOC
during the no ,s Of be for and ea
he as his agents for that PURPOSE ar" snc
examination be made without previous notice of the
SEC. zs.fhe Superintendent of the Banking Depart
many ssI sa. d,;shsTss
them monthly on h certificate and The warrant
to state The % Of the SO employed
SEQ S~Each savings bank organised and doing business
S
the performance imposed upon him by this
aSS he residue $ sa
s as BY .h. s. ssa so s Ss s as
the state but when the Of any s1vnS. bank
contribution. the expense any special
Tor or to sayings S bank IN II examining s
such service is DONE in such sum as the Superintendent
OF the Banking Department shall certify to be just and
SEQ: sI savings bank shall after due notice.
or such sum superintendent shall certify to just
sa then the said may msntaia action
in bis Of Office against such savings bank for the
o0Very OF such charges U rms % VIII ffEiins0
MISCELLANEOUS PROVISIONS.
SEC SIT shall be the duty Of the trustees Of every say
~ % es Se
thoroughly examine the books vouchers and assets of such
:sSsaai. asset. reported .ss
S s S ss s s
oy OF the making examination but
The trustees Of any savings requiring such s1
acting :: :.. z g.. s
faithful Attendance a. the instuton such conn
h and sa Of che %s1
shall be composed exclusive OF any trustees to whom
terg the compensation OF any officer who is also trustee
WITH and such FOR III
surplus Of PER pay perform
s s The he S s @ s act
contained shall be construed to the payment
of trustee of savings bank for services which
trustee said bank IN the line such trustees
private business profession
SEC. 55-Al certificates other evidences OF deposit
made in of the regulations savings bank
shall be binding upon the corporation issuing the
II made under Its common seal.
SEQ 56-The misnomer Of any savings bank IN any deed
gift grant, conveyance other instrument shall
viate impair the II the corporation sun.
GENTLY described therein TO ascertain the intention of
parties
SEQ 57-Tsha be lawful any bank, banking asso-
cation corporation individual privaebanker advertise
forth savngs bank, or In solicit
receive deposs savings bank, and bank, bank
ing association, corporation individual private banker
that shall offend the provisions Of this section shall
forfeit and pay for every such offence the Of
hundred dollars every day such offence shall be
nued and the Superintendent of the banking Department
maintain action in his of Office tor the recovery
Of such penalties when collected the shall be paid
Into the treasury of the State.
SEC. 5.-Al the assets OF pank banking
ton hereafter created that shall become nso
vent shall after providing for the payment OF Its circulating
notes applied by the directors, assignee receiver
thereof in the first place to the payment Of any
deposited with such bank bank association