The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1909-04-08
ditional report within thirty

rights hereunder, until the require
ments of this section are fully COM
piled With.
Sec. 5. That the Commissioner of
Corporations, with the approval of
the Secretary of Commerce and La
Dor, shall, as often as shall be deem
ed necessary or proper, appoint a
suitable person or persons to make
an examination of the affairs of every
corporation, joint stock company. or
other association herein referred to,
who shall have power to make a
through examination into the books,
records and all the affairs OF such
corporation, company, or association,
and IN doing so examine any of the
officers and agents threof ON oath;
ana shall make a full and detailed
report of the condition of such cor
poratlon, company, or association to
the Commissioner of Corporations.
All persons appointed to be examiners
OF corporations, joint stock COM
panles, or other associations. shall
receive the same compensation for
such examinations as is now. or
may hereafter be, allowed by law to
examiners OF national banks. which
amounts shall be assessed by the
commissioner of Corporations upon
and paid by the respective corpor-
alton, company, or association so
examined.
Sec. q. That if any corporation.
joint stock company, or other asso-
clatlon having obtained from the
Secretary of Commerce and Labor a
incense or franchise to engage i'm
interstate or foreign or
other commerce within the territorial
boundaries OF the United Statesas
herein provided, shall thereafter vio-
tate any OF the provisions of the sta
tutes of the United States against nm
laW1ul restraints and monopolies in
the trade and commerce of the Unit
ed States, or the provisions of Acts
VI
amendatory thereof or supplemental
thereto, such offense shall work a
forfeiture of the license or franchise
or the said corporation, or
olhef association and and of all it's
right to engage in the trade or COM
Inerce aforesaid. 1t shall thereuDon
become the duty of the Attorney
General to maintain an action i'm the
proper circuit court of the United
States to forfeit such license or fran
chise and to GUST such CORPORATION
company, or association of all rights
n privileges Hereunder, and the
several circuit courts of the United
states are hereby given original jur-
lsd1ction of such actions and of all
proceedings Hereunder. The Sec
rotary of Commerce and Labor, upon
a new application and further show
ing on behalf of such corporation.
company, or association, may in his
discretion, if satisfied that the nm
lawful features of such corporation.
company or association have been
eliminated and that other violations
OF the laws against unlawful re-
stralnts or m~onopolies are not like
ly to be made by such corporation.
company or association. But if such
corporation, company, or association
shall be finally adjudged guilty of a
rurther or second offense no other
license or franchise shall be issued
TO 1T, and it shall be forever barred
and prohibited from engaging in the
trade and commerce aforesaid.
Sec. z. That it shall be unlawful
for any corporation, joint company,
or other association to engage in the
trade or commerce in food or fuel
supplies or other articles herein re-
ferred to without the license or fran
chise herein provided or during its
suspension. Any corporation, Joint
stock company, or other association,
and any director, officer, or agent in
it's behalf which shall, after anuar
first, nineteen hundred and ten, en-
gage in such trade or in
violation of this Act shall be deemed
guilty of a misdemeanor and shall
for each offense, in addition to such
penalty for contempt as the court
in case of disobedience to it's lawful
order may impose, be punished by a
fine not exceeding five thousand dol
lars, or by Imprisonment not exceed
ing n year, or both said punish
ments, in the discretion of the court.
Sec. 8. That the several circuit
courts Of the United States are here
by invested with jurisdiction to pre-
vent restrain violations of this act,
and it shall be the duty of the sew