, 1879-06-07
TIE FOLLOWING ACT

IN ~ AAhJf
THE FOLLOWING ACT
concerns Receivers MD Asstgnces of banking it,
BtItutfons:
Az Acr reial!ug ia 1lecaroea nnd AaslRnnes Of
hsnks, banking institutions, ba"kins nrm'. And
ii .Iali 6c Tho duty Of tho 1.ecoiver or AsstRnes
Of amy ravtnEa or other hnns, or any t,rvntn bank
tr Or frni dut,4g bHnkng fIusneAs, Innlt3:talel5
sp9 .g 70 n Il ss G,n IN ., Tt ws
l6 shall be tic llccelvsr OF Assignee 10 mako md
nlc IN the Court IN wltrh mid ca,su u pending tc
Cd II tho county nha dren propcrl. showing nll the
aasets q sacl, hnns, Of whatsser klnA or ,.atntc
sn m ~ + 1t wnoss5 k e
made Or arOsc; Second. when tf,oy were Of arc tnn;
third, tho names Of The ncrsnrs making snc pron
The snount thereof, the rate f Interest thereof, Il
any. Hnd tho amount Of Interest Hno md nnpNla
thereon, !! any: nth. whether The ,payu'en! 9f
50. from wl,en ahl how 1Mnny itnes; slxth. par.
tIcular description Ut Whatever collateral security
Or gnatanfco thereof s,sh nallk may tnyS: "na
which detailed statement Enll be opcn to inspcc.
ton W all parties ~ Interest; nHd also sasen.cnt
aud nm1uut uf tho ahsres Ut tho cnpn stock Ut
snch bank. tltn nnn,cs n1d addresses. II Known Of
all the stockholders tue n4mbor q shares hold by
each when acquired. nnd fFOll whom.
Such Receiver Ut AssTnco shall be required TO
make, and ille such statomcntA not oftener than
' Il VI saail oo ths duty Of any Court that hn. ap-
pontcd any sucl, llcceiycr 10 remove inlmcdatcsy
such Receiver upon his failure to comn!y With ts
act; md any Assignee falling to cunlDIy with tni6
act shall b removed upon the ordor Of my Court
OF competent Jurisdiction.
PRorkuTloA or DEPosIToAs.
This act may seem at first sight too severe,
vt I'll Droeasy nYt har any hnss
for dishonest banRgr:
lfany pankor OF brokeror person orpcrsons doing
banking buslnc's. or any ttiliccr Of any banking
or 9smk 1ony hasnsss IN
soma. atm. conuany, OF cotporaton. Or tro,a any
aqcn thereof, not indebted % sal,l bankcr. brokor,
oSest, oSe assit, pl Of escanss, stoeks bonds os
other valuable thing which IL transferable BY De.
livery, when ut The t1me Of recelytng sHch deposit,
said bunker, broxor,. banking companf,. Of incor-
rorasoa bank II snso..sni, whereby tho deposit SO
made slall bo lost to the tcpositor, said banker
Sconsa ey
tlun thcteuf shall bo fined, IN sum double tho
amount Of tho sum SO emoozzled and trandaiensly
IL ~ snsa sSres ia M a1c ~ es
ornyoluntafy It9"idaf1on Of sas ea1kns. @ o.oSsr
tiijrty days from and after the tinlu Of receiving
silch deposit s4n] be pFtlna facic evidence Of an
Grokcr, or officer Of such banking company Of In
corporated bank. .....-
il my banker, or broker, Of person or persons
company or Incorporated tauk, shall. frauduleutly
convert 10 bis own private use any bullion, money,
note, bills bond dra!t, till Of exchange other
nropcrty depoaLed With him. Or with such bank
ing company or incorporat cl bunk. ho OF they
ahntl DO deemed guilty of larccny, and upon con.
yfct,pn thereof shall be liable to tho Lafns and
penalties IA such cases nlade aad provided for by
tba statutes OF this state.
Il shaii not 6e lawful fur my savings tbank to
loan any dcnoslt or trust fun to any occr or 0l
Gers of such gaylugs bauk, aud any savings ha,,k
40 lounlng shall. upon proof. 4 organized under
tho lsvs OF this btate bc cunsidercd tn hnEo tUf
feited It's chartered rights and franchise, Or liabo
to Gnc OF twico the amount 40 !onnet At tho dis
c1elion Of The Court hoforo which sasd cnBe may bo
brought. and tho officer Or otliccrs receiving such
deposit or tFnst fund shaii be dcemca gn1lty VI
having obtained the Same under faIsc p'ctcnses,
and sfall 10 puuishcl therefor, accoslfuE 10 Inv.
1t ahnll not be lawtnl for nny savings bank intll
yidua1, or individuals doing banking ,u.iness.
banking compuny, or Incorporated bnnk receiving
savings deposits. deposits Of trust funds, to
supe tho payment Of. or 10 beeuine liable 0,
10 guarantee 10 paY tho principal OF, or interest
on, my :onds. notes. nr other evidence ot indebt'
| sons. company, or Interpretations; and in any a.
| sumption. ttabi1'ty. OF gantnntea whereby such
deposits 0E trust funds conld Do leopaEltxcu or ul
| puired shal! be null and void.