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


animation shall work a forfeiture of it's
right to do business in this state
Sec. IL. Whenever 1t shall appear to
the bank commissioner that the assets
OF any Investment company doing bust
ness in this state are impaired to the ex-
tent that such assets do not equal it's
liabilities, or that it is conducting it's
business in an unsafe fneouitable or nm
authorized manner, or is jeOpardizing the
interest of its stockholders or investors
in stocks, bonds or other securities by
vestment company shall fail or refuse
to file any papers, statements or docu-
ing satisfactory reasons therefor. said
bank commissioner shall at once COM
municate such facts to the attorney gem
erai who shall thereupon apply to the
supreme court OF to the district court
where such company is located or is do
ing business, or to a judge of either of
said courts for the appointment Of a re-
ceiver to take charge of and wind up the
business of such investment company and
it shall be sufficient evidence to author
lze the appointment of receiver and the
making of such orders and DEGREES in
such cases as equity may require.
Sec. II. Any person who shall know
ingly or wilfully subscribe to or make
or cause to be made any false statements
or false entry in any book of such invest
ment company, or exhibit any false paper
with the intention of deceiving any per-
son authorized to examine into the affairs
of such investment company, or shall
make or publish any false statement of
ment company, or the stocks, bonds or
other securities by it offered for sale shall
conviction thereof shall be fined not less
than two hundred dollars nor more than
ten thousand dollars and shall be impris-
oned for not less than one year nor more
than ten years in the State Penitentiary.
Sec. IS. Any person OF. persons, agent
sell the stock, bonds Oh. other securities
of any Investment company, domestic or
foreign, or the stock. bonds or other Sc
ri ine hr-f fra, cal
not complied with the provisions of this
act, or any investment company, domes-
tic or foreign, which shall do any bust
ness. or offer or attempt to do any bust
ness, except as provided in section two
Of this act, which snail not have COM
any agent or agents who shall do or at
tempt to do any business for any invest
ment company, domestic or foreign. in
this state, which agent is not at the time
with the provisions Of this act. shall be
upon conviction thereof shall be fined for
each offense not less than one hundred
lars or by Imprisonment in the county
jail for not more than ninety days, or
both. such fine and Imprisonment, at the
Sec. IA. All fees herein provided for
shall be collected by the bank commits
sioner and by him shall be turned into
the state treasury, and all fees so turned
into the state treasury are hereby re-
appropriated to the bank commissioner for
ROSN
expenses necessary for carrying this act
into effect. and the bank commissioner is
hereby authorized to appoint such clerks
and deputies as are actually and abso-
lutely necessary to carry this act into full
force and effect, none of whom. shall
be related by blood or marriage to such
bank commissioner OF any of his deputies.
All money actually and necessarily paid
out by the bank commissioner, to any
clerk or deputy appointed under this act.
as salaries, or any money actually and
necessarily paid out by the bank com
o1o 80
pointed under this act for travelling or
Incidental expenses shall be paid by the
state auditors warrants. to be issued
upon sworn vouchers containing an item
lied account of such salaries or ex-
penses.
See IS Should the courts declare any
section of this act unconstitutional or
unauthorized by law, Hor in conflict with
then such decision shall affect only the
section or provision soIdeclared to be I'M
other section or part1 Of this act
Sec. 16. All acts and parts or acts In
conflict herewith are , hereby repeated at
be in force from and after its publication
in the official state paper.
/ hereby certify that the above bill orig
mated in the House, and passed that body
s-7-is11 House Concurred in Senate
---N CHI. BUCKMAN.
Speaker of the House.
EAftI1 AEE1ElGo,
Chief Clerk of the House.
Passed the Senate March Z, 1911,
RICHARD !. HOPKINS,
President of the Senate.
WALTER a. JOHNSON,
Secretary of the Senate.
Approved March 10. 1911,
w. R. STUBBS. Governor.
State of Kansas.
Office of the Secretary of State.
L Chas H. Sessions Secretary of State
of the State of Kansas, do hereby certify
that the above and foregoing is a correct
copy of the original enrolled bill now on
file in my office.
IN TESTIMONY WHEREOF, I have
hereunto subscribed my name
ISea11 and AFFIXED my official seal,
this 18th day of March 1911
CHAS. H. SESSIONS,
Secretary of State.
By ]. T. BoTKIN.