The Republican. [volume] (Oakland, Md.) 1877-current, 1898-06-02
PUBLIC GENERAL LAWS.

bank, and the examiner making such exam
nation shall reduce the result thereof to
writing, giving full, true and careful state
ment OF the condition of said bank; but no
person shall be so appointed an examiner
for the purpose DEMONSTRATING the condition
of the affairs of any bank in this state who
shall be an officer, agent or employee thereof.
81. That whenever the treasurer of this
state shall become satisfied that any of the
associations mentioned in this article shall
have failed to comply with the provisions
thereof, he, the treasurer, shall have the
right by his certificate, with the approval of
the governor of this state, to declare the
charter of such association forfeited. and said
certificate shall be conclusive evidence of
such forfeiture, and thereafter shall appoint,
with the assent of the Governor of this state,
a receiver of all the assets of such association,
and the receiver so appointed shall thereup
on, by his petition, submit himself and his
administration of said assets to the jurisdic-
ton of any court of the county or city where
such association may have its principal Office,
having chancery jurisdiction, with the view
of converting said assets into cash for distri-
button, under the orders of such court, to the
persons entitled thereto, or he may be brought
into such court in due course. The receiver
so appointed, before further proceeding upon
the discharge of his duties, shall give bond in
such penalty may be prescribed by said
court, and the proceedings thereafter had in
said court shall conform to the practice of
courts OF this state having general chancery
jurisdiction, where a receiver may be ap-
pointed by decree thereof. If any receiver
so appointed by the Treasurer, with the as
any cause fail to file said petition, or to give
the required bond within five days after the
date of his appointment, the Treasurer shall
thereupOn, with the approval of the Govern
or of this state, appoint some other person
receiver in the place and stead of the person
first appointed, and such person shall proceed
to take charge of and administer the assets
of such association in the same manner as if
he had been the receiver first appointed; and
If, from any cause, any vacancy in the recelv-
ership shall occur after the filing of said petit
fiOn and the giving of sci d bond. S1cb Vacan-
cy shall be filed by a decree of the court
wherein such petition shall have been filed.
30. That no association affected by the pro-
visions of this article shall be subject to any
visitorial powers other than such as are au-
thoriZed by this article and its charter
81. The persons appointed to be the eXami-
ners of the associations affected by this arti-
Gle shall receive as compensation for such
examination the following sums of moneys,
associations affected by this article, having a
capital stock of fifty thousand dollars or less,
the sum of fifteen dollars.
9. For examining any of the associations
affected by this article having capital stock
of over fifty thousand dollars and not more
than one hundred thousand dollars, the sum
of twenty-five dollars.
3. For examining any of the associations
affected by this article, having capital stock
of over one hundred thousand dollars and
not more than two hundred thousand dollars,
the sum of thirty dollars
4. For examining any of the associations
affected by this article, having capital stock
Of over two hundred thousand dollars, and
not more than three hundred thousand dol
lars the sum of fifty dollars.
5. For examining any of the associations
affected by this article, having a capital stock
of over three hundred thousand dollars and
not more than four hundred thousand dollars
the sum of sixty dollars.
6. For examining any of the associations
affected by this article, having a capital stock
of over four hundred thousand dollars, and
not more than six hundred thousand dollars
the sum of seventy-five dollars.
Z. For examining any of the associations
affected by this article, having a capital stock
of over six hundred thousand dollars and
less than one million dollars, the sum OF one
hundred dollars.
affected by this article, having capital stock
of one million dollars or over, the sum Of one
hundred and twenty-five dollars.
%. And be it further enacted. That the pro
visions of this act shall not apply to savings
banks having no capital stock. building or
homestead associations or national banks; or
to corporations authorized by their charter
to transact a trust, fidelity, surety or deposit
business in this state for which provision is
made by the act OF 1892, chapter 100, as amen
ded by the act of 1896, chapter 100 of the Acts
of the General Assembly Of Maryland
Section And be it further enacted That
all acts and parts of acts inconsistent with
this act be, and the same are hereby re
pealed.
Section 3. And be it further enacted, That
this act shall take effect from the date OF its
passage.
Approved, April Q, 1893.
LLOYD LOWNDES, Governor.
JOHN WRIT RANDALL,
President of the Senate.
LOUIS SCHAEFER,
Speaker of the House of Delegates.
We hereby certify that the afOregoing is a
correct copy of an Act of the General Assem-
bly, of Maryland, passed at sthe January SeS
sion, 1898.
MARTIN VI. HIGGINS.
Secretary of the Senate.
z. HOUSEHOLDER,
Chief Clerk of the House of Delegates.