Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1903-08-22

to make at east four reports during |
each year. as required Ivy Section ii |
OF the act before referred to, exhibit !
Ing In detail and under appropriate |
heads. the resources and liabilities OF
the corporation at tie close OF bust
ness on any past day which may he
specined. These reports must be
properly verified and published and a
copy filed In my office. The form
adopted is practically the same as
use. by the comptroller for national
banks. These reports will be regular
ly called for and required
THE section Is as follows: sec. IL.
Every such corporation shall make
to the auditor Of the territory not less
than four reports during each year,
according TO the form which may he
prescribed by MIN, verified by the
oath or affirmation OF the president or
secretary of such corporation, and at.
tested by the signature OF at least
three directors. Each such report
shall exhibit, in detail and under APP
propriate heads, the resources and liza
bllties of the corporation at the close
of business. on any past day ~ him
specified. and snail be transmitted to
the auditor witnin fifteen days after
the receipt OF a request or requisition
thereof from him. and IN the same
form in which 1t Is made to the audi
tor shall he published in a newspaper
published in the place where such
corporation is located, or where its
principal place of business Is located,
or II there Is no newspaper in the
place, then in one published nearest
thereto in the same county, ana proof
OF publication sail be furnished as
may he required by the auditor. The
auditor shall also have power TO call
for special reports from any particular
corporation. whenever in its judgment
the same are necessary In order to a
full and complete knowledge Of its
condition. Every such corporation
which fails to make, transmit or pub
lish any report required under this
section, shall he subject to a penalty
| of fifty dollars for each day after the
| period herein mentioned, that II de-
| lays to make. transmit or publish
such report. and II such failure shall
continue for a period OF thirty days
the auditor OF the territory may take
charge OF such corporation. close ito
doors, make a thorough examination
OF its affairs. and take such proceed.
ings as the nature of the case may
required
Another wise provision of this law
Is found In Section IA. This section
is taken word for word from the ma
tional banking law. In fact the whole
plan OF supervision and examination
is taken from the national banking
act, my Office occupying the same po-
sltion as to trust companies as the Of
fee OF comptroller occupies as to ma.
tional tanks, ana clothed with the
same powers as to examination and
supervision.
The section last referred to Is as
follows: Sec. livery president, d.
rector. secretary. clerk or agent OF
any such corporation, who embezzles
obstructs or willfuily misapphes any
Of tue moneys. funds or credits OF the
corporation. or who, without authori
~, issues or puts forth any certifi
cate OF deposit, draws any order OF
bill OF exchange. mortgage, judgment
or decree. or who makes any false en-
try IN any book. report. or statemen,
of the corporation. with intent. In
either case, TO injure or de;raud the
corporation or any other company
body polite or corporate, or any indi
vidual person. or to deceive any Off
Ger of the corporation, or any agen
appointed TO examine the AFFAIRS Of
any sIch corporation and every per
son who with like intent aids or apet.
any officer. clerk or agent in any vic
lation OF this section, shall be deeme,
guilty OF misdemeanor, and shall b,
imprisoned not less than five MOI
more than ten years