The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1884-07-16

violate the provisions OF this section
shall ho deomed guilty of felony, and
ON conviction thereof shall he punish.
ed hy q fine not exceeding double the
amount of the bonds or circulating
notes SO misappropriNted, and hy
Imprisonment not less than three
nor exceeding ten years at the dis
erection of the Court in which he or
they may he tried,
Section l6, When n withdrawal
or transfer of bonds shall he deemed
oxpediout, it shall he lawful for the
Minister Of Finance to issue other
bonds in lieu of those deposited, ON
which are written or printed the GER
tihcates of the proper officers of the
bank denoting the purpose for which
the bonds We're deposited, and it
shall he the duty of the Minister of
Finance to cancel the bonds so given
up In exchange for the bonds so
issued,
Section a. The Minister of the
Interior shall examine into the con-
dition of the corporation formed I'M
der this Act and ascertain the
amount Of money paid in on account
Of its capital, the name and place of
residence of each director and the
amount Of capital stock which each
director owns in good faith and gene-
rally whether such corporation has
complied with the provisions of this
Act to entitle it To engage in the
busines of banking, and if it salts
factorily appear to said Minister Of
the Interior that such corporation is
lawfully entitled to commence the
business of banking he shall deliver
to such corporation certificate stat
ing that said corporation has COM
piled with the provisions required to
he complied with before commencing
the business of banking, and that
such corporation is authorized to
commence such business; and such
certificate shall he published in n
newspaper published in the City of
Honolulu for ut least sixty days after
the issuing thereof.
Section Is. The King in Priyy
Council, by an order directed to
the Minister Of Finance, may desig-
nate such corporation as Il depository
of public moneys except receipts
from customs under such regulations
as may be prescribed; and it may
be employed as the finandial agent
of the Government and il shal
perform all such reasonable duties
; rs depositarys of public moneys and
financial agent Of the Government as
may be required of it, And thu
Minister of Finance shall require o.
, such corporation satisfactory security
, by the deposit of bonds or otherwise
for the safe keeping and prompt
payment of the public money ant
| for the faithful performance Of it,
duty as financial agent of the Gov
crnment as the King in Privy Coun
ell by an order may direct.
Section 10. Upon the transfer
and delivery of bonds to the Ministe
of Finance as provided in the fore
going sections, the said corporation
. shall be entitled TO receive from th
| Minister Of Finance circulating note
! Of different denominations equal il
amount to eighty per ccntum Of TIN
, par value Of the bonds so delivered
, and transferred, but in no case shal
the amount OF circulating note
r delivered TO and received under thi
section by any corporation exceed
, the sum Of eight hundred thousan'
. dollars.
{ Section 20. The Minister Of II
! nance shall cause plates and dies {
, be engraved in the best manner, t.
, guard against counterfeiting am
fraudulent alterations, and to hay
/ printed thcrefrom and numbers
8 such quantity Of circulating notes i
blank as may be necessary, in dcnC
= minations OF ten dollars, twcnt
( dollars, fifty dollars, one hundre
r dollars, and five hundred dollar.
which notes shall express upon the