The Ely miner., 1909-04-30

GENERAL LAWS OF MINNI
flor as many successive panels Of petit
jurors as the court or judge may direct
ering the time that petit jurors are ex-
pected to be needed during such general
term. Such clerk shall forthwith issue
to the proper officer venires for such
panels OF petit jurors, returnabie on the
proper days as to each, respectively, at
| 10 o'clock in the forenoon, and the of1-
Ger shall forthwith thereafter, as soon
as may be, serve all such venires and
| summon all such jurors and shall be en-
| titled to the same mileage and no more
than would be the case II the names OF
all the jurors and all the venires were
a. deficiency of petit jurors. the clerk
shall, in open court, under the dfrectlon
Of the judge, draw from the box con-
tanning the names & Of the petit jury 1n sun, ms.,
| ply such deficiency; and writs OF venlre
facias shall issue summoning such per-
son, and returnable at such time as the
| judge of the court may direct.
Provided, IL at any time during such
period of two weeks 1t shall appear that
jury shall be needed for an additional
period not exceeding one week, the court
or a Judge thereof may, by order, direct
that the panel of jurors then serving pc
further kept in service for such ao-
ditional period.
Provided further, in districts where
more than one Judge Is sitting In the
same county at the same time, the panel
may be divided and some portion there
Of sent to each Of two or more Judges
in such manner as the court may direct :"
Sec. 3. This act shall take effect and
be in force from and after it's passage.
Approved April II. 1909.
CHAPTER 2o1-S. F.. NO. 3o1.
AN ACT to create and establish de-
partment of banking and to provide
for a superintendent of banks and the
appointment Of examiners; defining the
powers and duties Of such superintend-
ent Of banks and examiners, and hx-
ing their compensation; and to provide
for a system Of examination, audit, and
control Of State banks, savings banks.
trust companies, building and loan as
sociations; and other financial o ootPora- 1Pora
for; and to fix the fees for examination
Be It enacted by the Legislature Of the
State Of Minnesota:
Section 1. Department established
There is hereby established within this
shall have charge Of the execution OF
all laws relating to state banks, say.
ings banks. trust companies. building and
loan associations and other financial cor.
Minnesota, and the business thereon
Such department shall be designated as
the Department of Banking Of the state
Of Minnesota, and 1t shall be unaer Ilsns a tne
Ger to be known as the superintendent
of banks.
Sec 2. Superintendent of Banks; APP
pointment; Term Of Ofice-The governor
BY and with the consent of the senate,
shall appoint a superintendent OF banks
for the term of three years and until his
successor in office shall qualify; a and sdI, IN
be filled by like appointment for the re-
mainder Of the term. Such superintendent
Of banks shall be a practical banker of
and shall not during the term of his
office hold any other public office under
the state, or under any county. munic-
pSay or pubc or an
officer, trustee, assignee, or employee OF
any banking, savings or other financial
institution or corporation herein named,
within or outside the state. Said super
intendent Of banks shall give bond to
the state in the sum Of fifty thousand
(s50 000) dollars, to be approved by the
governor, conditioned for the faithful per-
formance Of his duties.
Sec. 3. Seal-The superintendent OF
banks shall devise seal for the use of
his Office which shall continue to be the
of the seal with an impression thereof
shall be filed in the office of the secretary
of state.
Sec. 1. Powers Conferred On, and Du-
superintendent of banks shall be vested
with all the powers, authority and priv
ileges at present conferred by law on, and
pbc Shf ss h teH reaon S@ef to of state
banks. savings banks trust companies
building and loan associations and other
financial corporations within the state.
being the intention Of this act to COM
pletely divorce the banking department
from the office of the public examiner,
Of banks all the powers, duties, authority
and privileges Of the public examiner In
relation to said corporations. Said su-
perintendent of banks shall exercise a
or through the examiners hereinafter
provided for, over the books and affairs
Of all state banks savings banks, trust
companies, building and loan associa-
ing business within the state; and shall.
through the examiners hereinafter pro-
vided for. visit at least twice each year
all of said state banks. savings banks.
trust companies, building and loan as
sociations, and other financial corpora
tions inspecting and verifying the assets
and liabilities Of each, and so far tnvesti-
gate the character and value Of the as
sets Of each such corporation as to as
certain with reasonable certainty that the
values are correctly carried on its books
He shall further investigate the meth
DDS of operation and conduct Of said
corporations and their systems of ac-
counting to ascertain whether such
methods and systems are in accordance
with law and sound banking principles
He may examine or cause to be examined
by the examiners hereinafter provided
for, on oath, any Of the officers. direct
ors, trustees, owners, agents, clerks, Gus
toners or depositors Of any such finan-
cial corporations touching the affairs
and business thereof, and may, in the
performance of his official duties, issue
or cause to be issued by the examiners
subpoenas, and administer, or cause to
be administered, by the examiners. oaths;
obey any subpoena issued by him or
under his direction, such refusal may
at once be reported to the District Court
of the district in which the bank or other
financial corporation Is located. and such
court shall enforce obedience to such
subpoenas in the manner provided by
law for enforcing obedience to SUBJ
poenas of said court. In all matters re-
lating to his official duties, the superin-
tendent of banks shall have the same
power possessed by courts of law to Is
sue subpoenas and cause them to be
served and enforced, and all officers, di-
rectors, trustees and employees Of state
banks, savings banks, trust companies,
building and loan associations and other
financial corporations within the state,
and all persons having dealings with or
knowledge of the affairs or methods Of
such institutions. shall at all times af-
ford reasonable facilities for such exam
to the superintendent Of banks, as he
NAV require; attend and answer under
oath. his lawful inquiries produce and
axbiJ,it c,,ct, hooks accounts documents