Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1909-04-30

a deputy superintendent, eight xam
liners, one office clerk. two stenogra-
piers, and such other employees as may
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
During the absence or disability Of the
superintendent Of banks, said deputy
office and administer its affairs: The
examiners so to be appointed h a have
had at least three years. active expert,
ence in the banking business and shall
cations as expert accountants and gen
eral fitness for their duties as may be
demanded by the superintendent or
banks: Such examiners shal 81 CONNIE NINE
banks, savings banks, trust
and other financial corporations located
within the districts to which they shai
s be APPOINTED poi edcan as +b n%ere anv sucR Rro e1am.
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 it shall appear that
the lumber Of such banks and other
financial corporations within any such
properly examined twice during each
year by the examiner, he h be pro-
vided with such clerks or assistants as
may be considered necessary by the su-
shall have the right to examine n
bank, savings bank or other financial
corporation in which he ma have an
interest either directly or indirectly dire ct yers,
territory-For the purpose Of the better
administration of his department. the
superintendent Of banks shall immediate
l l!id after his %apP Pc a,1f,da as as herein ae1'nties pro o.
the state into eight. districts. Of such
manner hat 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-
same by the examiners. After the su-
pleted the arrangement q 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
make report to the superintendent eamlg1s+,o OF
Of an examination Of the actual fnan-
cial condition Of the institution exam
ined, with such recommendations an
suggestions as he may deem advisable:
salary of the superintendent Of banks
shall be five thousand 5 $1,000 dollars per
annum, and the salary Of the deputy
superintendent of banks and of each ex-
lars (s2,500) per annum. The salary OF
the office clerk shall be moi to exceed at
the rate Of fifteen hundred ($1,500) dol
lars per annum; n the salaries esq., OF the ne
the rate Of nine hundred $4,000 dollars
per annum, each to be fixed by. the su.
perintendent of banks. The salaries Of
liners herein provided for. shall be such
sums as the superintendent Of banks
may prescribe, but not to exceed in n
case. however. at the rate of fifteen
hundred Cs1.5oo) dollars per annum.
intendent of Banks to Be Made When;
perintendent Of banks, as herein pro-
vided. within thirty days after this act
term Of office shall expire on the first
Monday in January Of the year 1911.
Sec. 10. Standing Appropriations =
There is hereby annually appropriated
from any moneys in the state treasury,
thirty-six thousand ($36,OOO) 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 ff-
teen thousand (s15, ooo) dollars, or so much
thereof as may be necessary, as a con
t t1ngs9j9 fund for or b 5he exP PSe axa of eas
and their clerks or other assistants. 49,,
Sec. IA. Fees for Examinations--All
banks organized under the avs of this
of February, 1910, and annually there
after, into the state treasury the follow
ing sums:
Those having a paid-u 5,, capital Ti t@ of less
five dollars; those having a capital OF
twenty-five thousand dollars, thirty dol
lars; those haying "a a "a al Of twenty aftv
thousand dollars, forty. dollars; those
having a capital Of fifty thousand dollars
and less than seventy-fve thousand dol
lars II t1ft svs dollars; those 4ho1sa hdvi dai,a a G and
less than one hundred thousand dollars:
sixty dollars; those having a capital Of
one hundred thousand dollars and less
lars. seventy-1ve dollars; those having a
capital of one hundred and fifty thou
sand dollars and less than two hundred
thousand dollars, elghty y dollars;
thousand dollars and less than three
hundred thousand dollars. one hundred
dollars; those having a capital. of three
hundred thousand dollar and less than
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 y 1n dollars one hn ! 9sn1ts and IL t9 art b 1o,-
dred thousand dollars and less than six
hundred thousand dollars. one hundre
and forty dollars: those having a capital
- -sx~ ,,-S-~I %Io,ycn71 1nJ1orc mr. 1nCC
than seven hundred and fifty thousand
dollars. one hundred and fifty dollars:
those having a capital Of seven hundred
and fifty thousand dollars and less than
one million dollars. two hundred dollars:
more, two hundred and twenty-five dol
lars.
All trust companies so organized shall
so pay the following sums:
Those having a pafd-uD cap1ta1 OF one
hundred thousand dollars and less than
two hundred thousand dollars, eighty-fvee
dollars: those having a. pafd-up capital Of
than three hundred thousand dollars. one
hundred dollars; those having a paid-up
capital Of three hundred thousand dol
lars and less than five hundred thousand
and If five hundred thousand dollars or
more, one hundred and seventy-1ve dol
lars.
All general building and loan associa-
fractional part thereof. twenty dollars;
for the next five hundred thousand dol
lars, ten dollars for each 9ne hundred
of. and for the excess Of over six nun
bred thousand dollars. five dollars for
each one hundred thousand dollars or
fractional part thereof All local "a build =
fee of ten dollars.
All savings banks organized under the