Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-02-09

WITHOUT at least ~ Gays NOTICE 10 SUCH
association, specifying the time, place
and manner of the. sale thereof and the
process under which and the purposes
for which said securities are to be
sold, accompanied with copy of such
process. -
Sec. Z. The insurance commissioner
shall, in his report to the General Az
sembly, include the condition of all
building and loan associations doing
business in this State, giving in detail
the material facts embodied 10 the
statements rendered to him by such
building and lean associations.
Sec. S. 1t shall be the duty Of the
insurance commissioner to examine the |
affairs and condition of any building |
and loan association doing business in |
this State whenever it shall be deemed, 4
by tho written application of not less |
than 90 shareholders in said associa |
tion to publish the result of such |
examination in one or more newspapers
of this State, for the interest of the
public so to do, and, for the purpose |
of such examination, he shall have |
power to require free access to all
books and papers of any building and |
loan association doing business in his !
State, and tn axemine any officer, agent
or empioye Of such association under
oath or affirmation, which he is hereby
empowered to administer, relative to
the affairs and condition of any build
ing and loan association; and, further,
he may, at any time, require from
any building and loan association, or
any of its officers or agents, statements
on such points rs he deems necessary
and proper to elicit full aud fair
| exhibit Of its business standing, upon
the application of not less than 10
shareholders Of said association. The
expense of such examination shall be
| born by the association which shall
| be so examined, and no two examina-
tions shall take place within the period
of two years.
Sec. 0. ANY building and loan asso-
citation wilfully violating or failing to
observe and comply with any of the
provisions of this act applicable thereto
shall be subject to and Liable to pay
penalty of notN less than 800 for each
violation thereof, ard for each failure
to observe and comply with any OF the
provisions of this act; such penalty
may be- collected and recovered in an
action brought in the name of the
State in any court having jurisdiction
thereof. Any building and loan -asso-
citation which shall neglect and refuse
for 30 days after judgment in any such
action to pay and discharge the amount
of such Judgment shall have its
authority to transact business in this
State reyoked by the insurance com
missioner, and such revocation shall
continue for at least one year from the
date thereof, nor shall any building
and loan association whose authority
to transact business shall have been so
revoked be again authorized or per-
mitted to transact business in this
. State until it shall have paid the
amount of any such judgment.
Sec 10. Any agent of any building
and loan association which, shall not
have obtained authority 10 do business
in this State under the provisions of
this act, or the authority of which
shall have been revoked by the insur-
ance commissioner, who shall solicit
| business for said association in this
State. shall be guilty of misdeneanor.
, and, upon conviction thereof before
: any Justice of the peace Of the county
j In which the. offence is committed,
t shall be fined not less than S25, and, il
1 default of payment of such fine, be
imprisoned for term not exceeding 81
5 days.
Sec. Ii. This act shall be deemed
/ and taken TO be public act, anC
9 shat, be published as such, and shall
Z take effect from and after the first da,
( of May, 1899.
Dover, Feb. I. The committee ,or
i private corporations met Inst evening
s Representative Davis bill providing I
n general corporation law was discussed
i but no action was taken. Secretary o
It State Hughes participated ID the dis
y cussion.
!; The committee will hold anothe
n meeting next Friday evening. beginning
d at $50 O'Clock, when the public is in
d vited to be present A copy Of the New
70 Jersey General Corporation law will b
,, produced, and compared with Repro
II sentative Davis bill. The public vii
), be permitted to ask questions, an'
\ make suggestions.
~ STATE COURT JURIEs.
a, In the House, yesterday informing
8. Representative Donnhoe moved that tn
le vote by which the House bill proyidin
{, that State court juries shall be draw
by commissioners was passed be recon
al sidered.
le Representative Robertson, rising {
r, point of order, stated that the bi
10 was passed last Thursday morning. and
d according to the rules of the House, tn
id time for reconsideration being Unite
H. to three days after passage, elaine
m that, counting Thursday as one Of tn
of three days, the limit for reconsider
10 tion had been exhausted.
lie Speaker Clark decided that the noir
lg Of order was not well taken, and sal
Y, that, if his decision were not proper
n he hoped the members of the Hous
would appeal.
m Rising to another point of order, Rel
lis resentative Robertson stated that til
ny bill had been reconsidered once, an
ct claimed that no bill could be reconsit
he cred twice.
mt Representative Donahoe: 1.-THE bill
lis after being recoh(initted, was amended
m and it is practically new bill. l.
,r, the butchering here; if the bill is nj
tie killed in the House, it will be killed
or the Senate"
y, Representative MoNulty moved tina
of in order to give the Speaker time
ito decide the second point of order, Rel
be resentative Donahoe's motion be mac
the special order for 3 O'CLOCK, yesterClf
IS afternoon, and Representative Nj
to, Nuity's motion was adopted.
Ter At 3 O'clock, Speaker Clark gave h
of decision on the second point of orde
IRE ruling that 1t was not well taken, al
les adding that, if the decision were o
ais proper, he hoped the members OF Il
sit House would appeal.
St Next, Representative Donahoe
les motion 20 reconsider tho vote by viii,
az the bill was PASSED Wns adopted