The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-03-11

Provided, that the bank commissioner
and national banks S worth h not oi less than
par IN lieu OF cash in payment for the
Section 46. Each individual or firm en-
Eaging In the banking business shall con-
act so far as said section relates to its
name and capital: Provided, that the
nsme and nr-evided NOT f,rt PS par on aiI
advertisements or published statements
made by such bank and upon all station:
Section Al. The president and cashier
of every Incorporated bank shall cause
to be kept, at all times, a full and cor
rect list of the names and residences of
all the shareholders in the bank and the
number of shares held by each, in the
office where its business is transacted
ton of all the shareholders and creditors
of the bank and the officers authorized
during the business hours of each day in
which business may be legally transacted
shall be kept in like manner. A copy of
such list on the first Monday in January
of each year. verified by oath of such
president cashier, or owners shaI be
transmitted to the bank commissioner.
Section As. Whenever any officer of any
bank shall refuse submit the books.
papers and concerns of such bank to the
or examiner appointed as aforesaid, or
shall in any manner obstruct or inter
fere with him in the discharge of his
duty, or refuse to be examined on cath.
touching the concerns of. the bank, the
commissioner may revoke the authority
of such bank to transact banking bust
ness, and may, with the concurrence OF
the attorney general, institute proceed
for such bank to wind up its business
Section 80. Any officer of any bank
whose authority to transact banking
business has been revoked as herein pro-
vided, who shall receive or cause TO be
received any deposit of whatever nature,
after such revocation. shall be subject to
the penalty provided in section 16, of this
Section so. Any bank may purchase
hold and convey real estate for the fol-
lowing purposes, but no other: First,
such shall be necessary for the
venient transaction of its business, in
GLIDING its furniture and fixtures, but
which shall not exceed one-third of the
paid in capital; second, such shall be
conveyed to it in satisfaction OF debts
previously contracted in the course of
its business; third, such it shall pur-
chase at sale under judgment, DEGREES or
mortgage foreclosure under securities
held by it; but a bank shall not bid. at
any such sale larger amount than to
satisfy its debt and costs. Real estate
shall be conveyed under the corporate
seal of the bank and the hand of its
president vice president, and cashier
treasurer. No real estate acquired in
the cases contemplated in the second and
third sub-sectfons above shall be held for
a longer time than five years If not sold
before the expira ton of said five years it
must be sold at private public sale
within thirty days thereafter. charged
bank.
Section 81. Any bank now doing bust
ness in this state which owns real estate
shall reduce its holdings by convertine
same into cash or other good assets. to
an amount not exceeding fifty per cent of
/ its paid up capital, within one year after
the passage of this act
Section 81. The shares of stock of an
Incorporated bank shall be deemed per-
sonal property and shall be transferred
the books of the bank in such man
ner as the bylaws thereof may direct:
but no transfer of stock shall be valid
against a bank SO long the registered
holder thereof shall be liable principal
" "a he a and
paid, nor in such case shall any dividend,
interest or profit be paid on such stock
so long such liabilities continue, but
all such dividends, interests profit
shall be retained by the bank and applied
to the discharge of such liabilities; and no
stock shall be transferred the books
of any bank without the consent of the
board of directors where the registered
holder thereof is in debt to the bank for
any matured and unpaid obligation; and
no transfer of stock shall be made when
its capital is impaired. All transfers of
missioner Immediately
Section SO. The bank commissioner
shall examine each and every bank in the
six months until its affairs shall be
such examination with the clerk of the
district court in the county where such
ent banks shall make reports to the bank
commissioner in the same manner as is
such statements to be published in like
manner Any receiver of an insolvent
provisions of this section, or who shall
| neglect or refuse to submit the affairs
bank commissioner or his deputy or who
shall violate any Of the provisions of this
shall be subject to the same penalties
provided for officers or employees Of
Section 54- For the purpose of carry
ing into effect the provisions of this act.
form and make requisftfon upon the sec
rotary of state for the necessary blanks
al examinatlons and reports received by
him shall be preserved in his office. It
shall be the duty of the bank commission
er to furnish a certified copy of any pub
| lished official statement made by the bank
! payment to him of the sum OF ten cents
per folio for each and every folio therein.
| which fees shall be paid to the state
| treasurer quarterly; and by him placed
| to the credit of the bank fund.
Section 80. If. after the expiration of
| one year from the closing OF any incor-
| ceiver thereof that the assets of such
| bank are insufficient to pay its liabilities
| Immediately institute proper proceedings,
| in the name of the bank, for the cOllec-
ton of the, liability of the stockholders
| of such bank: all sums so collected 70 be-
| come a part of the assets of such bank
creditors thereof, in the same manner as
| other funds. No action by any creditor
| against any Stockholder of such bank for
| the recovery OF such liability shall be
| maintained unless it shall appear to the
| satisfaction OF the court that the receiver
| has failed to commence action as herein
| provided.
| Section IS. The bank commissioner shall
| make report to the governor. on Sep
| TENDER first of every even mum bered year,
| which report shall contain the namesof the
| owners, or the principal officers, the paid
| up capital of each. the number of banks
| in the state. the name and location of
each, the number and date of examina-
| tons and reports made of and by each
| during the period covered by the report,
| and such other information concerning
| the same as the bank commissioner may
| deem necessary to inform the governor
| of the condition thereof.
| Section 81. The bank commissioner shall
receive for his services a salary of &. 500
| per annum: each deputy bank commits
| sinner shall receive q lar1, of 81 onl