Daily capital journal. (Salem, Oregon) 1903-1919, 1907-03-23

thereon SUCH IOPO'" -,
NOT no published by either the bank
making the same, or the examiner
rho said report shall exhibit under
appropriate heads, the resources ana
liab,,ities of the bank at the time Oh
making the report; and at any time
after the making of such reports
such bank shall be subject TO eN'
animation by the bank examiner Ior
which examination the bank shall
nav the fee provided in this act
within IS months after the taking
effect Of this act, all such banks shall
conform to, and in all respects com
nlv with all the provisions of this
act and be subject to examination
bv the examiner, and the penalties
therein provided.
Section 35. Every bank or banker,
and foreign bank or banker, hereto
fore having established or hereafter
establishing one or more offices in
this state. shall have and at all times
maintain, at every such office, capi-
tai not less in amount than that re-
ouired by this act, for the organiza-
tIon of other banks, at the time when
and place where such office or offices
were or shall be opened; and no
bank or banker, or foreign bank or
banker shall set forth on the station
cry of such bank or banker, or In
any manner advertise in the place
where such Office or offices are To-
Gated. greater capital, surplus, or
undivided profits than are actually
maintained at any Office or Offices
within this state. Provided that
every foreign bank and every foreign
banker shall be subject to all pro-
visions of this act TO the same extent
as banks or bankers organized or
doing q banking business under or
by virtue of the laws of this state.
wherever the word bank is used in
this act It shall be held to include
the banking or savings department
of any trust company doing a bank
ing or savings business.
Section Sc Every foreign bank or
foreign banker and every officer,
agent or employee thereof, violating
any of the provisions of this act,
shall. for each violation, be subject
to the penalties provided for in this
act in the same manner and to the
same extent as other persons and
banks referred to herein.
Section 81. In constituting this act
the term foreign bank" and foreign
banker" shall be deemed to include.
G Every corporation not orga.
nized under the laws OF the state OF
Oregon, doing a banking business,
except a National bank.
CD Every unincorporated COM
pany, partnership or association OF
two or more individuals organized
under or pursuant to the laws of an
other state or county, doing a bank
ing business authorized by this act.
CD Every other incorporated
company. partnership or association
of two or more individuals doing a
banking business authorized by this
act, II the members thereof owning
majority interest therein, are en-
titled to more than half the profits
thereof, or who would, n II were dis
solved. be entitled TO more than one
half the net assets thereof are not
residents OF this state.
ca Every nonresident OF this
state doing a banking business au-
thorized by section seven OF this act
In his own name and right only.
Section 2S. In the event of the III
solyency or bankruptcy Of any per-
son. Arm, or corporation. maintain
ing, operating or conducting bank
or a banking department. or doing
business within the meaning OF this
act, depssitors OF such bank or bank
Ing department shall have a first and
prior lien on all the assets OF such
bank or banking department, and in
the distribution OF such assets or the
proceeds thereof. the same shall FIRST
be applied TO satisfy the amount due
such depositors; and II any person,
firm or corporation maintains, oper-
atod or conducts one or more
branches or subordinate banks, or
more than oTF bank OF banking de-
partment, or does a banking bust
ness within the meaning OF this act
az more than one place. the deposit
tors OF any such bank or subordinate
bank or banking department shall
have a first and prior lien upon all
the assets OF such bank. branch or
subordinate bank or banking depart