St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-07

association increases its capital stock or
otherwise amends its articles Of incOrpOra-
ton. as provided in this act, copy of the
resolutions of the board Of directors making
such increase or other amendment, duly veri-
fed by oath of the president and secretary Of
such association, shall be filed in the Office Of
the register of deeds of the county In which
the home office of said association is located,
and in the Office of the secretary of state,
and be published four successive times in
some daily or weekly newspaper published at
the capital OF the state, or in the county
where the association has its home office.
Proof Of which such publicatio1r shall be
fled in the office of the secretary Of state.
SEC. Is. On or before the first day of Sep
TENDER in each year, every building and loan
association doing business in this or any
other state or territory shall deposit with the
public examiner report of its affairs and op-
eretions for the year ending on the thirtieth
day OF June Immediately preceding. Such
| report shall be verified under oath by the
of the association, and shall contain answers
| to the following questions:
First-The amount Of authorized capital
and the par value of each share of stock
Second-The number of shares sold during
| the year.
Third-The number of shares Cancelled and
Withdrawn during the year.
Fourth-Number Of shares in force ct the
end Of the year.
Fifth-A detailed statement Of the receipts
and disbursements during the year.
Sixth-A detailed statement Of the assets
and liabilities at the end OF the year, and
shall pay to the public examiner a fee Of
twenty-five dollars on fling such report. If
| any such association shall fail to furnish to
| the public examiner of the state any report
| required by this act, at the time SO required,
| 1t shall forfeit the sum of twenty-five dollars
| per day for every day such report shall be de-
| layed or withheld; and the examiner may
| maintain an action in his name of Office to
recover such penalty, and the same shall be
| paid into the treasury of the state and ap-
| piled 10 the expenses of the department. Of
| said examiner. After receiving such report
| the public examiner, if satisfied that such
| corporation has complied with all the pro-
| visions of this act and is entitled to do bust
ness in this state, he shall issue his certificate
stating the compliance with such provisions
| and that such corporation is entitled to do
business in this state, which certificate shall
sooner rescinded as provided In this act
| Such certificate shall also be issued to any
| foreign corporation authorized to do business
| in this state, after complying with the condi-
| tons of section nine of this act, and shall be
| in force until the time. herein required for
| such annual report.
SEC. 10. 1t shall be the duty Of such pub
| lie examiner at least once in each year and
| as often as he may deem necessary, to as
| sumo and exercise over every building and
| loan association incorporated under the laws
| Of this state its business, officers, directors
and employees, all the power and authority
| conferred on him over banks and other mon
| eyed corporations under the laws Of this
| state, provided he shall not have the power
! to suspend the operations OF any such asso-