The news., 1885-06-30
LAWS OF NEW JERSEY.
CHAPTER cLxxIx.
[BY AUTHORITY

CHAPTER CLXX1X.
supplemental an act entitled An act concern
ing savings banks 2 (Revison) approved April
twenty-first, one thousand eight hundred and
sevensgsix.
!. Be it enacted by the Senate and General
Assembly OF the State of New jersey That the
governing board of every savings bank in any
city in this state having a population of over
one hundred thousand, whether such bank shall
De or snail have been organized under or by
virtue Of any general or special statute, shall, at
each annual meeting of such board hereafter,
provide for the election by ballot by the deposi-
tors OF said bank OF q committee OF three de-
positors for the purposes hereinafter set forth,
which election shall be held two weeks there
after, OF which election public notice shall be
given by advertising the same daily during such
TWO weeks, except Sundays, in one or more
newspapers circulating in such city, and once
week for said two weeks in weekly paper. il
any, circulating therein, designating the time
and place for the holding of such election: and
the necessary expenses for the holding of such
election shall be paid by such governing board
and charged to the expense account of said saw
ings bank; and the governing board of said
savings bank shall appoint two OF their number
and two depOSitOrs who are not and shall not al
any time previous thereto have been members of
said board, which four persons, as inspectors.
snail have charge OF such election; and such
inspectors. before proceeding to hold such cleo
tion, shall severally take and subscribe an oath
or affirmation, before any person duly author
lied to administer the same, faithfully and
impartially to discharge the duties of their office
as such inspectors, and to make true return
thereof as hereinafter provided; the poll at such
election shall be opened at ten O'Clock i'm the
morning and shall continue open until nine
o'clock in the evening for one or more days, as
said inspectors may determine; and such gov
erning board of said savings bank shall provide
ballot box In which shall be deposited all votes
cast at such election; and no person shall be
entitled to vote at such election unless his name
shall be upon the books of such bank as a de.
positor therein, a certified list of which deposi
tors shall be prepared by the secretary Of such
savings bank for use at such election and the
production by any person OF a deposit book,
showing balance to the credit OF the person
therein named, shall be deemed sufficient eyi
dence OF the identity of any depositor, or of the
right OF the person producing such deposit book
10 vote as proxy, at such election; provided such
depositor shall notbe known to the persons In
charge thereof, such person SO Offering to vote
shall not produce duly executed proxy to vote
at such election and the three depositors who
shall Give the highest number Of votes cast at
such election shall be declared by said INSPECTORS
to be duly elected as such committee OF deposi.
tors; provided, that no depositor who shall be In
any wise related by blood or marriage to- or In
any wise connected in business with, any OF the
governing board OF said savings bank, shall be
eligible to election as O member OF such COM
mittee of depositors; and the said inspectors,
after such election, shall, with all convenient
speed, count said votes, and. under oath or
affirmation, notify the governing board of the
said savings bank, in writing Of the result OF such
election, and OF the names and address OF the
persons, elected as such committee Of depostOrs;
and thessaid governing board Of said savings
bank shall notify such committee Of depOsit0rs,
by notice mailed to each Of them at least five
days previous to the beginning OF any examina-
tion OF the affairs of said savings bank, OF the
fact that such examination is about to be COM
menced. and requesting them to be present and
participate in such examination.
2. And be it enacted, That such members Of
said committee of depositors as shall be present
at the time or times appointed for the making of
such examination may fill vacancies in their
number from among the depositors of such saw
ings bank, other than the governing board there
Of; and, in case none OF said committee OF
deposit0rs shall appear, then it shall be in the
power Of said governing board Of said savings
bank to select three such persons from among
the depositors, as they may see fit, being gov
erned, i'll such selection, as to the qualification
of the persons, to serve on such committee Of
depostors, by the provisions of the preceding
section relating to the election Of persons, as
members of said committee, in the first instance
by the depOsitors
8. And be it enacted That such committee of
depostors shall have authority, acting together
with the examining committee provided by the
bylaws OF such savings bank to make the ex-
animation of its books vouchers assets or affairs
annually or semi-annualy, or as the case may be
or acting alone, as a committee. at all reasonable
times, to examine the books, vouchers and
assets of such Savings bank and its affairs
generally.
4. And be 1t enacted, That such committee of
depostors, acting alone as a committee, or to-
gether with the said examining committee of
such savings bank shall be authorized, at the
conclusion of any such examination. to sign and
publish any statement or statements, report or
reports, OF the condition generally Of the savings
bank so examined by them, at the date Of such
examination, specifically Of either of its books
vouchers, assets of affairs. and to report and
publish any other matters relating thereto, if, in
their Judgment 1t may be wise that the same
should BIC known by the said governing board, or
by others in charge of said bank, or by the
depositors therein.
8. And be 1t enacted That this act shall take
effect Immediately, and that all act, and parts of
acts inconsistent herewith be ana the same are
hereby repealed.
Approved April 10, 1885.