The Montgomery advertiser., 1903-12-11

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 ceiving of any such benefit by him shall | be teiony, and punished by Imprisonment | in the penitentiary for a term of not less | than one nor more than five years. Any person so offering or giving any sucn | commission, fee or reward to the State Bank Examiner, shall be guilty Of fel- | ony and punished by Imprisonment in the penitentiary not less than one, nor more | than five years.
 Sec. 2. The Bank Examiner shall visit every bank and corporation chartered by I the laws of this State and doing bank ing business, at least once in each year, and at least twice in each year if 1t shall be practicable for him to do so. He shall
 not visit at stated times, nor shall he permit any one to know at what time he will visit such banks or corporations. lie shall carefully and, thoroughly exam inc into the affairs of every bank ard
 make report to the Treasurer immedi- ately. He shal cover in said report all the subject matter that the law requires banks to report upon, and upon such oth- CT subjects necessary for the protection of depositors, creditors and stockholders thereof, as may be required of him by the Treasurer. In addition to such visits, the Treasurer may require him to visit any such bank at any time when In the Treasurer's opinion the public interest de- mands He shall have power to make a | thorough examination into all the affairs of every bank, or corporation chartered under the avs of this State and doing a banking business, and in doing so to ex- anime any of the officers and agents thereof on oath. The information which | shall be obtained by the Bank Exami- ner under the provisions of this statute | shall be for the purpose of ascertaining | the true condition of the affairs of said bank. and shall not be disclosed by him | to any person other than the State Treas urer It shall be unlawful for the Bank Examiner to make or report any list of | the names of the depositors in any bank. | or to disclose to any one information as
 to who are depositors or the amounts of l the several deposits. The Bank Examiner l making or reporting sucn list or disclos- | ing such information shall be guilty of q l misdemeanor and be punishable by g fine
 of not exceeding one thousand dollars, and
 shall also be liable to the person, firm | or corporation whose affairs are so d.s- | closed in the penal sum of one thousand | dollars, which sum shall be recoverable against the Bank Examiner and the sure
 ties on his official bond in any court hav-
 ing Jurisdiction.
 Sec. 13. The salary and necessary trav- | cling expenses of the Bank Examiner shall be audited by the Auditor and paid | monthly by warrant drawn by the Au- ditor on the Treasurer in favor of said 1 Bank Examiner.
 Sec. 14. The State Bank Examiner shall
 make from his reports during the year, | ed by the Treasurer as a part of his an-
 nual report to the Governor. The Treas
 urer shall also procure a well bound | DOCK III Wn1cn ne Sndll EoCOFu SuCA re- | port made to the Governor, and also his annual report; which book shall remain ! in the office of the Treasurer and be sub- 1 Ject at all times to the inspection of the | public.
 Sec. 15. If any annual report of the State Bank Examiner is deemed of suffi- | cient importance to the public by the Governor, he may require the same pub lished one time in one or more of the
 leading daily papers of the State.
 Sec. It. Wh never the Treasurer finds that a bank or corporation chartered py | the laws of this State and doing Q bank | ing business, is not in a solvent condition, | he shall immediately report the condition | of the bank to the Governor, and it shall | be the duty of the Governor to direct the | Attorney General to institute proceedings
 in a court having jurisdiction in the coun- l ty where the bank or parent bank is lo- | cated. to put the bank in the hands of 1 some competent peTson, who shall give l bond in an amount to be fixed by the l duties, and said person so appointed shall
 immediately take charge of the business
 of said bank, collecting It's assets and | paying off its liabilities under the law and
 the rules of such court.
 | Sec. IT. The provisions of this charter
 shall apply to all banks, except National | Banks. and to all Trust Companies and | individuals doing a banking business, l whether incorporated or not
 Sec. IS. The provisions of this act shall | take effect January l, 1904. l Sec. 19. All laws and parts of laws in | conflict with the provisions of this act | be and the same are hereby repealed.
 Approved October 10, 1908. 's