, 1875-05-22

.,:w ;anx Aa:ISas-ah:;:i LAW.
Tia s.1r u :iew inri has tct t;a1 rHa',:c f. tito
nat4I.n. Of wiEa al!l co7h7ch i,ti:e M III sesa-'i
10 Swings l,ats. l: IL III stroa enu:7..t t!c o-
f,o:hng policy If nsr last Le3Lstn1r, I'D by certain
insersscd 1are, In city. little law in al 1:
.ap.7rs 10 ~, 1: slon;a b. enaeei ant rightly c.l-
furce.l IN every State Ct the Cuten.
Al amendment ct tis Constitution of That staIe,
recuuay ratified BY tho l:ol:s, Is Is follows:
rhs I.:znl..nre ,,4aE; =! e,nsral hw. sosfo:n, IN
Il, eaa1isr. h..eaer rssn.ed Is: sse ses3sssts,,s
saes @ q ;a.nanse.. % ~ 'a, ;. rs,s shsrcs. ai 70
suck corporations shall MY ear!tsl stock, HOE
altrsest aersr, direct iniios., in tus lrola az
auri, corporation sud no Director Or IruJths al NnS
Eneh bank or Institution .hs ts tn:essssl Ut any
osn nse # anY money Or property Of Gte hank ar
institution for s1yinEs.
In accordance will tbs rsorsious Of sh:a sr.Ir!c.
the Lagtalaurc has raxEei a-ctlly prepared law. Of
which lnd thu follorng Hyuopfs In the New Esr.:
LrsHth3 fpsl:
Any nu,nbsr ct r.:sa,a nm 1a'a slnu shi:ceu, tvu-
th!ra4 q whom Ft.'is ~ e;y, my s'*aeise fGs
TIC ststs usn4ln: Department r.r1iIsts Ei,inE thu
nauc Of Tho lroi'uRta AAhk cttIa nntt Ut: h: HIS
dsscas, and tcaafasion ibat .ary vi! accrpt tie
latiea md rcs1onrashhtes Vi Trn'tsrs. Aotire u
s, lnt n ' t as 10 nrtsd w. 1"r tgar ns, y; ~
the n4nt3ug Department, rettlpt Ut thu rr:hcate
CT association, flls uat tlio proposed Hsvinshank IL
ueeed, al tARt tlt TrlsterH 1ltlI OF tn pr1yEr
character 11I reaponsbIiity, 10 iaHs within si1tj
la5s ts4uc srFttAcae authorizing .s pesucna a,.sI
satisfies h!nscI that atlcl, rtrf1css ahaut not 10
i.sued, u must give notice III tliI to the Csns GseS
Of tho county itcross.. Tie iSsc o tho certhcats
t,nht4uten ts psrsuus naiel corporate holy, sui
nshes them 1russetA of tho !ustitutton. 49,
E.asy bank 10 organized inEss b managed pya
bo;rl ol uot ices thsn tlifccI TFu5ces WHO rm-
Towerc to eject their on officers. to I'LL v1curclcs,
and 10 make by,ws ns who arc rt,1Ntrca to meet at
fully guarded. Any icass Ills position becsss
ING oUnnsctc III any official manner with any ut.rr
ssng' 1ns,tailon o. on ~ 9ua ~ ~ sresy ~ ay
tainpz fot s!x .ueee.s!:o months 10 s.lcnd te meet
1nga IL to 1.susd. M Tr.tsu haye any Inherent,
my Traate- o'Aer oi.er Of tho hank, III any nny,
borrow Or any u IT. fldH nr c:oMc al ohlsator
exception L, iheAo rrohtlous ~ That Truaeru, wi,eu
ncGH rs olcrFs Ut thu aak. r@ rtce.yD il,e colnn-
oi ,1'sa 10 ia9 y q E lo
Ihe business t'r savings banks must bn restricted tn
tho reception Of kt,Ma on dtsis. their iuyektulens
lii this aot. Eyery bank sy ll,uit tic nluuun to to
accepted from tta d-posl6r and 40 ter.nn4 .e
r.sstgs III s ast srr,r.s. 10 ,lc order or court
,a; or a,,5;fea;s T" moFy It s.xIpq: y sn.s san - n
tsreut-5enrng arrures; 10 tho becnsitts. ot olisr
ys.r; j. 10 1si:aSrIy Ess'si '' s:oSEs s os
latter ihcro arc several rsstrlctjouV. An a.Eou,lt
c1ua'fns not h,oru ihan ca Icr cent " q la,,kA n
lpio,itn may ha lent unlcislsIea rent property
y! Eia atats which y Worth VI rad tNlce - mitch an
iao aaaans lsnt cn o., unapfuvtl rcsl estate tlse
Iaah must not 10 more tAn ~ per cent of isg value
&very siseA loan lnuss he made Oh Ap written 1sc,l
'nendat!ou " soinnittet ot tau Tsa'ssa, Tim
rcd real est.ts alao very rEia. sael' Teai esate
IL limited 10 ltd for bsukin3 3-tosu tran, parts Of
building HOT 10 e1rced 81 per ceIst Of Tie aukh nc
surplus, s1cet o. ny written prr!n'o:. at t!Ie s.-
ssns Gu ar oa ans s isaS is s. ae I'LL
na 10 10 ."td %!taln hye ye1.* u,lH:' sn ssc',sin'
Ibs rrussses re1n.rsd TO !nr..t. Us s1u,t, all
tlr dsHt.s. except that nct u1"rs than II par ,lt
II the aiuoun: may be ksit nn I.na t!uahit w.tl.
fsgullr hlnka trust r,urantrs fur current pay
caenls 4'l TX! anses tho nuuusst deposited with
Is sa 1' s, spiy IL a s Il
also 70 temporarily ~ banks pr fr.'. cos
@ s;aIs n" eams ~ 1n no ls ss " a
hh rsspect rssltss tee bauk liable IT, Irotcctinis I.
lhe banda Of Thy et!nsetldent IT l'ansing.. N
furi;!xa. NJ t,v!nss bank rau ssca! " d. in
saaio Or insrIssntls trrelt fur tbs sn. vusUts
u Lis attendance nloA ,a bank, cln <nx>;;r. In t.4
baes In luyinH or selling cl4uEc, i;oi, silver,
e. sss rss n t. ,rpa. tao rat.
ntsss.t' nt 81 sxts,a a. " 'tresnt sr ',H ".as
hs graduAliy accumulated; pruv,lrl thEs ls TrA,rts
may classify their dst.,Lturs. "ayr,r,!uS Ia III
rhaEsetr staouat, EnI duraslu" VI tIlelr sra..:.ss
aud nay 70 regulate ths dss11s,ts allowed. that eacl
Ittott0r uheIi receive thr Fatals V-utnroi, ~
III osers o. t1iA caxs. lyrry .hr"e years III of Il,
lank4 surplus over an! sLosa u ltr cant ot th
dtIo''ts naat b.: divided afAoug thu deIa.!:er
allowed gu deposit iur ltriod larsur ths
II LIS hs<n arpos!tet, except iast asio.!t
uia1e Iot E.st than the esn.h t-y Ct tie t2oit ~ts
Leciua apy ss,4i.annual stsrest period. or nut t.t'
tuau tho third day cl say lnonsa, or dfio'!:a With
dtHEn uho Of tna last thres days If moi!ih,
draw intertAt for tts wtIols OF that luoatA
The lsw provides its n Ennusi rslo7t to ths III
N.nknH DtpAstn,s!s: t1s a. ssaItu:ton 10 Of e'r.
" otteaer; TOR tEs elasiuu Of saJ bank which IL T.
1so.erIy managed; snl farlils any LanE. banker,
banking asuotlatinn, olter than regular sA.tnxt Ian
10 sel:cis ur receIst dclo1ts s4,ipga BANK. ~
elarters Of III skating a.rns. tanks ~ made TO ca
tor IL tbix Get, except that tho cal!ty y I'll !nra
tuenta uready 1nAls u rot 10 hs atestca thereby.
VI think the examinations should bo taado qua1tc
y. and not !efs indehalto IL opeo in txo senss,