The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-03-24
LEGAL.

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! vestigate the condition of any such for
e1gn company doing business In TINS
eH to 6e sns6 hst it Should Be
cluded from the right to do business in
and thereafter it shall not be permitted
to resume business in kansas until such
time as said bank commissioner may
renew said authority by issuing a new
certificate. Any person or persons vto-
lating any of the provisions of this sec
ton shall be deemed guilty of a felony,
and upon conviction shall be punished by
. Imprisonment in the penitentiary not less
! than one year and not more than five
/ years. Every such foreign association or
company examined under the provisions
Of this act shall pay to the bank commis-
state of Kansas, for each examination the
! following fees: All the actual travelling
missioner or deputy and ten dollars for
each day or fraction thereof, that he Is
peka, kan, for the purpose of making
| such examination.
Sec g. Fees When expressed in the
bylaws building and loan associations
may charge and collect the following fees.
and none other, viz: An entrance fee OF
J fifty cents on each one hundred dollars Oh
4 stock subscribed for: or. in lieu thereon.
a membership fee of one dollar. And
1 they may charge a transfer fee not ex-
| ceeding one dollar for transferring each
| certificate of stock.
Sec 10. Expenses. The expenses of any
| building and loan association coming
under the provisions of this act shall be
! paid out of the earnings, and no deduc-
| stock either directly or indirectly for ex-
| penses.
/ Sec IL Investment of surplus funds
In case there shall be a balance of money
remaining undisposed of at any stated
meeting OF the board OF 6Fsc1oTS 5ve eee the
funds so remaining on hand in the same
class of securities as Is now permitted
for the investment of the permanent
| school fund of the state of Kansas, and IN
| first mortgages on real estate; provlded:
amount in the aggregate to more than
| twenty per cent. of the assets or SUCH as
any of the foregoing bonds and interest
| bearing obligations whenever there are
approved applications for loans aess Of Ir1a e
| funds on hand, or whenever funds are
necessary for the purpose of paying with
| drawalS fnatured shares
| Sec. Il. Construction of term, Building
| and Loan Association; The name build
| act shall include: First, corporations
| formed for the. purpose or receiving
members only. second corporations. as
| sociations, companies, co-partnerships and
individuals transacting the business OF
/ ficates, shares of stock or other papers by
| whatever names said instruments may be
| designated, whether said instruments are
| issued for money paid in advance or for
| money to be paid in installments, but with
an Intent, either implied or expressed,
staIiments thereof and thereon or any
| part thereof are to be withdrawing or
| some future fixed indefinite date OF
maturity; provided. that all payments
| made in advance or In lnstalimenIs, OF
| otherwise, on any of the foregoing inStru-
ments shall be subject to the same pro
| visions for withdrawal or repayment as
payments on building and loan associa-
| ton stock; provided, also, that this sec
| ton shall not apply to persons co-part-
| nerships or corporations engaged in bank
| ing or insurance.
| 1871 1885, 1881 and 1885 of chapter % or
the General Statutes of 1909 are hereby
| Sec. IA. This act shall take effect and be
in force on and after its publication in the
| official state paper.
/ L hereby certify that the above bill orig
| mated in the House, and passed that body
/ March 8, 1911, 3-6-1911 House Concurred IN
'eii'''e G. H. BUCHANAN,
Speaker of the House
EARL AKERS.
4 Chief Clerk of the House.
Passed the Senate March 6. 19I1i
4 RICHARD j. HOPKINS,
President of the Senate.
4 WALTER A. JOHNSON,
Secretary of the Senate.
Approved March 10. 1911; e,,,,---
Governor
State of Kansas.
Il Office of the Secretary of State.
c,HAS 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.
i IN TESTIMONY WHEREOE, have
/ hereunto subscribed my name
tseall and affixed my ,S official 1os seal.
CHAS. H. SESSIONS,
Secretary of State.
By ]. 7. .BoTxIN.
Asst. Secretary of State.
|