St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1909-05-07

sofa PASSED AT THE
~intendent Of Banks. Examiners and other
EnplOyees-The superintendent of banks
a al1 deputy agR9'n snp aeG Rasssue eight te Exam :
liners, one Office clerk, two stenogra-
piers, and such other employees as may
be necessary for the assistance of the
their work. Such deputy examiners shall
each give bond to the state IN the sum
0 often thousand dollars ($10,00o). and the
clerks or assistants Of said examiners,
Sa hene tn &C provided .,a shan s,,m each ! g give
be designated by the superintendent Of
banks: all such bonds to be approved by
the superintendent OF banks and filed
pur fns 9 9he ab st : tas Of see disa6ilitS Sf Of state ths
superintendent Of banks, said deputy
superintendent shall have charge of the
office and administer it's affairs; The
examiners IN rsa 50 to be appointed ast,,,h n a nxh have
ence in the banking business and shall
furnish such evidence of their qualif-
cations as expert accountants and gen.
s ssaa n5asS' b bSr h ass' a aapsr!n e %aY Of Of
banks. Such examiners. shall confne
their work to the examination Of state
banks, savings banks, trust companies
within the districts to which they shall
be appointed as hereinafter provided,
save and except that any such exam
liner may be temporarily transferred from
the superintendent Of banks, when 1t
shall appear h a the interests of the
department shall be better served by so
doing; and whenever it shall appear that
financial corporations within. any such
examiners district Is more than can be
properly examined twice during each
ysas by y,t the ., exam a'as'r. he b, s h be pro- ..
perintendent Of banks. No examiner
shall have the right to examine n
corporation In which he may. nave an
'nsSs SEE. ): e, Arsans seases'y or Of 'n 9Es%inaers'
ssdnr''t1hzmEGa the of p Sisp depa al ahs eet the
superintendent Of banks shall Immediate
~ after his appointment as herein pro-
vided, proceed to divide the counties Of
manner that the banks in each Of such
districts shall be, as nearly as may be.
Of an equal number, In arranging said
.a alstT'c sisot the sig5perl 4ps %atter of Of banks enks
same BY he examiners sau1i1leT After the SUI sue
perintendent OF banks shall have com,
pAOICO LII arrangement vi ulVl5iON VI
counties into districts, as in this section
provided: he shall at once designate the
district in which each of the eight ex-
aminers to be appointed under. the pro-
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 Of
banks Immediately after the completion
OF an examination of the actual finan-
cial condition Of the institution exam
ined, with such recommendations and
suggestions as he may deem advisable.
Sec. II. Salaries Inc Expenses-The
shaiI be o live eh tho uaPnGln IS, se65 dollars Of nan per
annum., and the salary Of the deputy
superintendent Of banks and of each ex-
a.miner shall be twenty-five hundred dol
t tdrs o tSs;so Clerk Rer sb ann be not the fe e saiaey Of
the rate of fifteen hundred Isl ,50O) dol
lars per annum. and the salaries of the
stenographers shall be not to exceed at
5ee a aafs OF a niae ~ hup nd f9xe GSs by t6 collars a1s
p%erintendent of banks. The salaries Of
the clerks or assistants to the exam
liners herein provided for. shall be such
may prescribe. but not to exceed in any
hundred ls1.5oo) dollars per annum.
Sec; H. First AppeointgmenHt Of Super.
%3R59ndeRf Of eo 1anKS to shah IG a Mad9 W y sn;
N"S oAAAAA opPoAAAS a So-
perintendent Of banks, as herein pro-
vided, within thirty days after this act
shall take effect and be in force, whose
Monday in January Of the year 1911.
Sec. 10. Standing Appropriations -
There is hereby annually appropriated
from any moneys in the state treasury
hit FSirtS SthsFT theaya aP99rS egss' SSS5 d taS SUM Or s g5
much thereof as may be necessary. for
the payment Of the salaries Of the per-
sons to be appointed under the provisions
teen thousand ($15, Ooo) dollars, or so much
thereof as may be necessary, Is q con-
tingent fund for the expenses Of the
superintendent Of banks, the examiners
Sec. IA. Fees for Examinations-AIl
banks organized under the laws of this
state shall a on or before the LIST day
al after ae1 into fhie A state 1 treas anguf thy f eneSs-
Those having a paid-up capital Of less
than fifteen thousand dollars, twenty.
fifteen thousand dollars and less thai
twenty-five thousand dollars. thirty dol
lars; those having a capital Of twenty
five tSe,,t thogsa3 Ga,1 dollars ,o and Less aa51. than +h atty
having a capital Of fifty thousand dollars
and less than seventy-hve thousand dol
lars, fifty dollars; those having. a cap
less Il aeV one hundr saGu thousa aS5'a dolla ana
sixty. dollars; those having a capital Of
one hundred thousand dollars and less
than one hundred and fifty thousand dol
lars, seventy-five dollars; those having a
sand dollars and less than two hundred
thousand dollars, eighty-f1ve dollars;
those having. a capita. Of two hundred
thousand dollars and less than three
hundred thousand. dollars. one hundred
dollars; those having q capital of three
hundred thousand dollars n less than
four hundred thousand dollars, one hun
dred and twenty dollars: those having a
lars and less than FIVE hundred thou
sand dollars, one hundred and thirty dol
lars; those having a capital Of five hun
dred thousand dollars and less than six
and forty dollars; those having a capital
Of six hundred thousand dollars and less
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;
those having a capital Of one million or
more, two hundred and twenty-five dol
lars.
All trust companies so organized shall
so pay the following sums:
Those having a pafd-up capital Of one
hundred thousand dollars n less than
two hundred thousand dollars, eighty-fve
dollars; those having a paid-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 II five hundred thousand dollars or
more, n hundred and seventy-lve dol
lars.
All general building and loan associa-
dred thousand dollars Of their assets, or
fractional part thereof. twenty dollars;