The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-03-15
LEGAL.


as are recorded or are on file in any
public office shall be further certified to
archives they form a part, as being cor
rect copies of such records or archives.
Sec. 4. Every foreign investment COM
pany shall also file its written consent,
rrevocable, that actions may be COM
menced against it, in the proper court
of any county in this state in which a.
plaintiff may reside, by the service of
process on the secretary of state, and
vice of process on the secretary of state,
shall be taken and held, in all courts,
vice had been made upon the company
Itself. according to the laws of this or
any other state, and such instrument shall
De authenticated by the seal of said for
elgn investment company and by the sig
nature of a member of the co-partner-
snip or company II it be a co-partner-
the president and secretary of the incor-
porated or unincorporated association, If
1t be an incorporated or unincorporated
association. and shall be accompanied by
duly certified copy of the order or reso-
tuition of the board of directors, trustees
or managers of the corporation author
lzlng the said secretary and president to
execute the same.
Sec 5. It shall be the duty of the bank
commissioner to examine the statements
and documents so filed and if said bank
commissioner shall deem it advisable, he
shall make have made detailed
animation of such investment company
AFFAIRS which examination shall be at
the expense of such investment company
as hereinafter provided, and if he finds
that such investment company is solvent,
that its articles of Incorporation or as
ISOLATION, its constitution and bylaws, its
proposed plan of business and proposed
contract contain and provide for fair,
just and equitable plan for the transac-
ton of business and in his judgment
promises a fair return on the stocks,
bonds and other securities by it offered
for sale. ne bank commissioner shall
issue to such Investment company a state
ment reciting that such company has
mil with he cSE1Tae Of not
that detailed information in regard to
the company and its securities is on file
in the bank commissioners office for
public inspection and information, that
such investment company is permitted to
do business in this state. and such state
ment shall also recite in bold type that
the bank commissioner in no wise recon-
mends the securities to be offered for
sale by such security company. But, II
said bank commissioner finds that such
articles of incorporation or association,
charter constitution and bylaws, plan of
any provision that is unfair, unjust in
equitable or oppressive to any class of
examination of its affairs that said in
vestment company is not solvent and
does not intend to do a fair and honest
business, and in his judgment does not
promise a fair return on the stocks. bonds
or other securities by it offered for sale.
then he shall notify such investment
company in writing of his findings, and
it shall be unlawful for such company
to do any further business in this state,
until it shall SO change it's constitution
and bylaws, articles of Incorporation or
association, it's proposed plan Of business
and proposed contract and its general
financial condition in such manner as to
satisfy the bank commissioner that it is
solvent, and its articles of incorporation
or association, its constitution and by
laws. it's proposed plan of business and
proposed contract provide for a fair, just
and equitable plan for the transaction
Of business, and does, in his Judgment,
promise a fair return on the stocks. bonds
and other securities by it offered for
coll not all 1ai
or incurred and all fees or charges re-
ceived or collected for any examination
made under the provisions of this sec
ton or this act shall be reported in de.
tail by the bank commissioner and full
report and record thereof made in detail.
Sec. 6. 1t shall not be lawful for any
investment company, either as principal
form or character similar to that set
forth in section / of this act, except as
is provided in section of this act, until
it shall have filed the papers and docu-
ment of the charter, articles of incoT-
poTation, constitution and bylaws OF any
such investment company shall become
operative until a copy of the same has
been filed with the bank commissioner as
provided in regard to the original filing
of charters, articles Of Incorporation, con-
stitution and bylaws, shall it be law
full for any such investment company to
transact business on any other plan than
to be filed by section of this act, or to
make any contracts other than that
tract required to be filed by section 2 of
this act until a written statement show
ing in full detail the proposed new plan
of transacting business and q copy or the
proposed new contract shall have been
filed with the bank commissioner, in like
manner as provided in regard to the origi-
tract and the consent of the bank COM
missioner obtained as to making such
proposed new plan of transacting busl-
ness and proposed new contract.
Sec, Z. Amy investment company may
agent shall do any business for said in
vestment company in this state until he
shall first register with the bank com
missioner as agent for such investment
company, and for each of such resistra-
lions there shall be paid to the bank
commissioner the sum Of one dollar: Sue IN
represent said investment company as its
agent until the first day of March fol-
revoked by the bank commissioner and
such authority shall be subject to revo-
cation at any time by the bank commits
sioner for cause appearing to him suffi-
cient.
Sec. g. Every investment company, do
of business on December 91st and June Goth
of each year, and at such other times as
required by the bank commissioner, a
statement verified by the oath of the CO.
partnership or company, if it be CO.
partnership or company. or by the oath
Incorporated or an unincorporated asso-
citation, setting forth in such form as
may be prescribed by the said bank COM
missioner, it's financial condition and
the amount of it's assets and liabilities.
and furnishing such other information
concerning it's affairs as said bank COM
missioner may require. Each regular
statement of December S1st and June 30th,
shall be accompanied by filing fee of
two dollars and fifty cents. Any invest
ment company failing to file its report
at the close of business December 31st or
of that date or failing to file any other
or special report herein required within
thirty days after receipt of request
Tequisition therefor. shall forfeit its right
to do business in this state.
Sec. 8. The general accounts of every
investment company, domestic or foreign,
doing business in this state, shall be kept
by double entry and such company, its
o-partners or managing officers, shall
at least once in each month make a trial