The Ely miner., 1909-04-30

1ntonQ6nC OF Banks, EXdIuiuSio duQ CtucT
Employees superintendent OF banks
may appoint. and at pleasure remove, a
a deputy superintendent, eight exam
iners, one Office clerk. two stenogra-
piers. and such other employees employees as may nay
examiners in the proper discharge OF
their work. Such deputy examiners shall
each give bond to the state In the sum
clerks or assistants of said examiners.
whenever so provided. shall each give
bond to the state in such sum as may
be designated by the superintendent or
the superintendent of banks and filed
in the office of the secretary OF state.
During the absence or disapliily OF the
superintendent of banks, said deputy
superintendent shall have charge OF the
Office and administer its affairs: The
examiners so to be appointed shall have
had at least three years active expert.
ence In the banking business and shall
cations as expert accountants and gem
eral fitness for their duties as may be
demanded by the superintendent OF
banks Such examiners shan confine aa
banks, savings banks. trust companies
and other financial corporations located
within the districts to whlch they snail
be appointed as hereinafter provided,
liner may be temporarily transferred from
his district to some other district by
the superintendent Of banks, when 1t
shall appear that the interests of the
department shall be better served by SO
doing; and whenever 1t shall appear that
the number of such banks and other
financial corporations within any such
examiners district is more than can be
properly examined twice during each
year by the examiner. he shall be pro-
vided with such clerks or assistants as
may be considered necessary Il by the r,,sa- su
shall have the right to examine any
bank, savings bank or other financial
corporation In which he may have an
interest either directly OF 'nelreG,iy Es@iyers
territory-For the purpose OF the better
administration of his department. the
superintendent Of banks shall Immediate
vided, proceed to divide the counties Of
the state into eight districts Of such
manner that the banks In each Of such
districts shall be, as nearly as may be:
districts, the superintendent Of banks
shall also consider the matter Of con-
venience and economy in covering the
same by. the examiners AFTER the su-
pleted the arrangement or division OF
counties into districts, as In this section
provided, he shall at once designate the
district in which each of the eight ex-
visions Of this law, shall make exam
nations as herein provided.
Sec. 10. Reports Of Examiners-Each
examiner appointed under this act shall
banks Immediately after the completion
of an examination Of the actual f1nan-
cial condition of the institution exam
ined, with such reeommendations and
Sec. IL. Salaries and Expenses-The
salary of the superintendent Of banks
shall be five Thousand ($5,0 ,000) dollars per
annum, and the salary OF the deputy
zAvty,f - knx,1 md M n Nv
aminer shall be twenty-five hundred dol
lars ($2,500) per annum. The salary Of
the Office clerk shall be not to exceed at
the rate of fifteen hundred (sI 5000 dol
stenographers shall be not to exceed at
the rate Of nine hundred ($9o0) dollars
per annum, each to be fixed by the SUI
perintendent Of banks. The salaries Of
iners herein provided for, shall be such
sums as the superintendent Of banks
may prescribe, but not to exceed In any
Sas undred sisoo dollars e per a0num 0
Sec. IL. First Appointment Of Super
intendent of Banks to Be Made When;
Term-The governor shall appoint su-
perintendent of banks, as herein pro.
shall take effect and be in force, whose
term Of office shall expire on the first
Monday in January of the year 1911.
Sec. 13. Standing Appropriations -
from any moneys in the state treasury
thirty-six thousand l$se, e,oO05 dollars, or SO
much thereof as may be necessary, for
the payment Of the salaries Of the per-
sons to be appointed under the provisions
of this act, and the further sum Of If
teen thousand ($15, 5,000) dollars, or so much
thereof as sI1 may be as c4n 3pe
superintendent Of banks, the examiners
and their clerks or other assistants. :,
Sec. ID. Fees for Examinations-An
banks organized under. the laws of this
Of February, 1910, and annually there
after. into the state treasury the follow
ing sums:
than fifteen thousand dollars, twenty
five dollars; those having q capital of
fifteen thousand dollars and less than
twenty-five thousand dollars, thirty dol
Ave thousand dollars and less than fifty
thousand dollars, forty dollars; those
having capital OF fifty thousand dollars
and less than seventy-five. thousand dol
ital of seventy-five thousand dollars and
less than one hundred thousand dollars,
sixty dollars; those having capital of
one hundred thousand dollars and less
than one hundred and fifty thousand dol
lars, seventy-f1ve dollars those having a
capital of one hundred and fifty thou
sand dollars and less than two hundred
hous navns dollars eap shxs e tive nndre ahrs
thousand dollars and less than three
hundred thousand dollars, one hundred
dollars; those having a capital of three
four hundred thousand dollars, one hun
dred and twenty dollars; those having a
capital Of four hundred thousand dol
lars and less than five hundred thou
sand dollars, one hundred and thirty dol
lars; those having capital Of Ave hun
dred thousand dollars and less than six
hundred thousand dollars, one hundred
and forty dollars; those having capital
of six hundred thousand dollars and less
than seven hundred and fifty thousand
dollars. one hundred and fifty dollars;
those having q capital OF seven hundred
and fifty thousand dollars and less than
those having a capital Of one million or
more, two hundred and twenty-five dol
lars.
All trust companies SO organized shall
80 pay the following sums:
Those having paid-up capital Of one
hundred thousand dollars and less than
two hundred thousand dollars, eighty-fiv
two two hundred Thousand dollars and less
than three hundred thousand dollars, one
hundred dollars; those having paid-up
capital Of three hundred thousand dol
lars and less than five hundred thousand
dollars, one hundred and forty dollars;
and II hveS hundred thousand dollars or
more, one hundred and seventy-five dol
lars.
All general building and loan associa-
tions shall so pay for the first one hum
dred thousand dollars Of their assets, or
fractional part thereof, twenty dollars:
for the next five hundred thousand dol
lars, ten dollars for each one hundred
thousand dollars or fractional part there
of, and for the excess Of over six hun
dred thousand dollars, five dollars for
each one hundred Thousand dollars or
fractional part thereof. All local build
ing and loan associations shall so pay a
fee Of ten dollars.