Ripley County democrat. (Doniphan, Mo.) 1905-1920, 1909-02-26
Senator Lanes Bank De-
posit Guarantee Bill.

erai Assembly. introduced oy
Ssnator Lane. Read first time
February 10, 1909, and rules sus.
pended 1900 copies ordered
printed.
| An act to amend an act EMIT
led Estate banking department" {"
amending section Q, of article 22,
Of chapter IL, Revised Statutes
of the state of Missouri, which
said article % was added to said
chapter IL Revised Statutes, 1899
by an act approved March Is,
1907, and further amended said
article % Of said chapter by ad-
ding seven new sections thereto
to be known as sections. %, "a,
25, 26, 27, % and 20, creating a
state banking board and also
creating and providing for a de-
positor's bank guaranty fund and
the investment of three-fourths
Of said guaranty fund in Mis-.
souri, securities and the control
thereof.
Be it enacted by the General
Assembly of the State of Mis-.
souri,, as follows:
Section 1. That section 8 of
article % of chapter 12, Revised
Statutes, 1899. as amended by
the forty fourth general assem-
blyin 1907, approved March is,
1901, be and the same is hereby
amended by striking out the fol-
lowing words in the first and
second lines Of said section 8, to-
wit; "At least once in every
year." and inserting in lieu there
of tlta. following words towit: "At
least three times in each and
every year." so that said section
10, when amended shall read as
i follows, to wit:
Section 8. 1t shall be the duty
OF the bank commissioner at least
three times in each and every
year, either personally or by his
deputy, or one or more OF the ex-
aminers appointed by him to vis-
it and examine every bank, pri.
vate banker and trust company
receiving deposits, except nation
al banks, and every savings and
safe deposit company at least
once in every two years, organ
lied and doing business in this
state under provisions Of laws as
found in articles VIII, XII, XIII
.iIof chapter IL Of the Revised
Statutes Of Missouri for the year
1899. and amendments thereto.
The bank commissioner, or the
deputy or examiners designated
by him for that purpose, shall al
so have power in like manner to
examine any such bank, private
banker, savings and safe deposit
company or trust company re-
ceiving deposits, whenever, in
| his judgment, it may be deemed
necessary or expedient. He and
Ithey shall have power to admin
lister oaths TO any person whose
testimony may be required in
such examination. The expense
of every annual, biennial or
special examination shall be paid
by the bank, private banker, saw
ing and safe deposit company or
trust company examined in such
amount IS the bank commission :
er shall certify TO be just and
reasonable, and for the purpose
of this section each institution
and private banker are hereby
denominated banks: Provided,
such expence shall be paid in
proportion TO the capital Of such
bank, and shall not exceed the
following amounts: Banks with
a capital Of $40, 900 or less, sl2.-
90; banks with . capital Of more
than $40, 600 and not exceeding
SIS, 900. s15.00: banks with q
Icspital Of more than s25, 700 and
mot exceeding $50. 900, 5000;
banks with 6 capital Of more thar
ls50, 900 and not exceeding $780,. i.
If00. $50 .()1: hanks with = f,anifa