Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1890-12-08

stating the name and business address of every
person. association, corporation, others who
act. or propose to act in this state as the agent
or representative OF such corporation. company
or firm. and in the of any change, an
amended certificate shall be fled forthwith
with said state treasurer.
Seed. Every such corporation, company or
firm, shall, before being authorized to transact
business within this state, by instrument in
writing, duly executed, appoint the Inspector
OF finance of this State the true and lawful at
torney OF such corporation. company or firm,
upon whom lawful process in any action pro-
ceedlng by any resident of this state against
SAID corporation, company or firm, may be
served, with the same effect as if such corpora
ton company or firm existed in this state.
Such certificate of appointment, duly certified
and authenticated shall be filed In the office OF
the Inspector of finance, and copies certified by
him shall be deemed sufficient evidence in re-
gard thereto. Whenever lawful process against
such corporation, company or firm. shall be
served upon the inspector OF finance, under the
provisions of this act, he shall forthwith for
ward a copy of the process served on him, by
mail, prepaid, and directed to the president or
secretary of the corporation, company or firm,
at the last named pOst-office address of such
corporation, company firm. For each copy
of process the inspector shall collect the sum of
one dollar, which shall be paid by the plaintiff
or moving party at the time of such service, the
same to be recovered by him as part of his tax
able disbursements, if he succeeds in his suit
or proceeding. The term process in this act
includes any writ, summons, petition or order,
whereby any suit, action proceeding shall be
commenced by a resident of this state
Sec g.. Licensees under the provisions of
this act shall file semi-annual statements in the
office of the inspector of finance within TWEEN
ty days after the first days of January and
July, and upon the failure to so report, or
otherwise to comply with the requirements of
this act the inspector of finance shall revoke
the license granted as provided in section four
of this act.
Sec. 7. Whenever it shall appear to the said
inspector of finance from an examination made,
or report submitted by such hcensee under
this act or from sufficient information other
wise obtained, that such hcensee is conducting
its business and affairs in an unsafe or unau-
thorized manner, he shall, by order under
his hand, addressed to such icensee, direct said
Hcensee to discontinue such unsafe or illegal
practices. and to conform to the requirements
of its charter and of law, and to provide for the
safety and security OF its transactions. Ii such
Hcensee shall neglect or refuse to make any re-
port hereinbefore specified, or to comply
with such order aforesaid, or whenever it
shall appear TO the Inspector OF finance that it
is unsafe or inexpedient for any such hcensee
to continue the transaction of business, he shall
forthwith revoke the license of such corpora
ton, company or firm, and serve a copy OF the
order of revocation on said company at its head
Office; copy of said order shall also be served
upon each agent or representative of said COM
pany named, prescribed by section seven of
this act, by depositing the same in the post
Office directed to each of said agents at his
place of business. The Inspector of finance
may, in his discretion, publish such order with
such other facts as he may deem proper, in
some newspaper published in this state.
Sec. s. The Inspector of finance may make
the examinations required by this act in person
or by deputy. All expenses and labor incurred
under the provisions of this act shall be APP
proved by the auditor of accounts and paid by
the corporations, companies firms who may
be licensed as provided in this act, and the same
shall be equitably apportioned and assessed
against said corporations, companies or firms
by said inspector of finance.
Sec. 8. The supervisory powers granted un-
der this act shall also apply to associations or
state and transacting the business of building
and loan associations.
sec. TO- Act number sixteen of the acts of
1888, is hereby repealed.
Approved November 20, 1890.