The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1912-01-10
WANTS STATE
BANK EXAMINER
representative Anderson Of Forrest
Introduces Bill to That
End.

N0PiosenldtlVe II. A. Anderson or
FORREST has introduced the following
Dill In the Lower House of the Leg
lslature looking to the appointment Of
State Bank Examiner and defining
his duties.
An act creating the office of State
Bank Examiner for the state Of Mis-
Hssippi, prescribing his duties and
liking his compensation.
Section l. Be it enacted by the leg
lslature Of the state of Mississippi,
That the office of statt Bank Examin.
er is hereby created. the same to be
elected by the people. He shall be
competent and experienced account
ant and not interested directly or in
directly in any National Bank He
shall not be an officer, agent or en-
ployee of any bank in this state or nu-
tion. And he shall not be a share
holder, or owner of any pecuniary in
terest in any bank subject to the pro- |
visions of this Chapter, or in any
National Bank. He shall receive a sal
AIRY of twenty-five hundred dollars per
annum, and actual travelling expenses.
His term of office shall be the same
as that Of the State Treasurer, and he
shall be subject to removal for cause
of neglect of any duty, by the Cover
nor
Section ,. The Bank Examiner be-
fore entering upon the duties of his
office shall take and subscribe the
oath of office prescribed by the Con-
stitution, which shall he filed in the
office of the Secretary Of State, and
he shall give bond in the sum of ten
thousand dollars. which bond shall be
approved by the State Auditor, pay
able, conditioned, and with legal eff
feet as prescribed by the provisions
of Code of 1906 relating to official
bonds. Such bond shall be filed and
recorded in the office of the Secretary
of State
Section 3. Any Examiner shall not
be allowed to receive any compensa-
ton, fees or rewards to himself from
anv officer. agent or employee Of any
hank state or national, doing business
in this state
Section 4. The Bank Examiner shall
visit every bank and corporation char
tered by the laws of this state and
doing a banking business, at least
once or twice in each year if it shall
he practicable for him so to do. He
,Ial not visit at stated times, nor
shall he permit anyone to know al
what time he will visit such bank, OF
corporations. He shall carefully and
thoroughly examine into the affairs Of
every bank. and make a report to the
Treasurer Immediately. He shall GOV
er in said report all the subject mat
fer that the law requires banks to re
mort upon, and upon such other SUP
loot necessary for the protection o.
the depositors, creditors and stock
holders thereof, as may be required O.
him bv the State Treasurer. In addi
tion to such visits the State Treasur
or NAV require him to visit any suci
hank at any time when in the treas
..,s oDinion the public interest de
monds He shall have power to max
thorough examination into all TN
affairs Of the bank, or corporatiol
chartered under the laws OF this stat
and doing a banking business ana !,
doing 50 to examine any OF the OH
oors and agents thereof under oatn'
ooction !. The information whlc
,.u No obtained by the Bank EA
inner under the provisions OF thl
,ot sbou he for the purpose OF al
...;,,ro tho true condition Of AFFAIR
.oid hank, and shall not be di'
.losed by him to any person o'ne
thor tbe state Treasurer
seton G. It shall be unlawful 10
no Rank Examiner to make or repol
'ue , ust Of tbe names of the depositor
any .nv hank or disclose to anyone II
., ,.mot;or ~, as to who are depositor'
~ .ho amounts of the several depos
,1ors, o,orv and necessar
r nvsling expenses of the the saSN saa ve, e.
uo 'a. sbaIl be itemizedr and ver
Y sn,rS .. o,sdavit. and shall be audite
neu " ctote Auditor, and paid mont
Oy VI .n' warrants drawn by the Auditt
On the treasurer in favor Of the Dan
Examiner o. pork Examin,
r or make from his report during 7,
'Aall III u,"a annual report, which shall
T'sl snsd 81 by the state Treasure, :" tss eo &c
p.r p,rt Of his annual report 70 'ns -
sncr 49,. treasurer shall all
: M - - y - 8