The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1912-10-08

it shall so change it's constitution and
bylaws, articles of incorporation or
association, its proposed plan of busi-
ness and contract, and its general
financial condition in such manner as
to satisfy the comptroller that it is SOL
vent, and its articles of Incorporation
or association, its constitution and by
laws, its proposed plan of business and
proposed contract provide for a fair,
just and equitable plan for the trans
action of business. Provided further
that all expenses paid or incurred and
all fees or charges received or collect
ed for any examination made under the
provisions of this section of this act
shall be reported in detail to the comp
troller and a full report and record
thereof made and kept.
Sec 5. 1t shall not be lawful for any
such investment company, nor any
owner or holder of same, to sell or
offer for sale any of it's securities as
hereinbefore specified, within the state
of Florida until it shall have complied
in all respects with the terms of this
act and obtained the certificate of the
comptroller as provided for herein.
Sec. 6. Any investment company
may appoint one or more agents, but
no agent shall sell or offer for sale
in this state the securities of any such
investment company until he shall
first register with the comptroller as
agent for such investment company,
and for each of such registrations
there shall be paid to the comptroller
the sum of one dollar. Such registra-
tion shall entitle such agent to repre-
sent such investment company as its
agent until the first day of January,
following, unless such authority is
sooner revoked by the comptroller or
the investment company, and such au-
thority shall be subject to revocation
at any time by the comptroller for
cause appearing to him sufficient.
Sec. Z. Every investment company,
domestic or foreign, shall at such
times as required by the comptroller,
file a statement. verified by the oath
of the person authorized TO make the
same. setting forth in such forms as
may be prescribed by the comptroller,
its financial condition and the amount
of It's assets and liabilities and furnish
such other information concerning its
affairs as said comptroller may re-
quire: such statement shall be accom-
panied by a filing fee of five dollars.
Any investment company falling to
file its report within sixty days after
the written request of the comptroller
shall forfeit its right to do business
in this state.
Sec. S. Whenever 1t shall appear to
the comptroller that the assets of an
| investment company doing business in
the state are impaired 10 the extent
| that such assets do not equal its liza
bilfties or that it is conducting its
| business in an unsafe, inequitable or
unauthorized manner, or jeopardizing
| the interests of its stockholders and
investors in stocks, bonds or other Sc
curities by il offered for sale, or when
/ ever any investment company shall
| fail to or refuse TO file any papers
statements or documents required by
| this act, without giving satisfactory
reasons therefor, said comptroller shall
| at once revoke the license of said in
vestment company TO do any further
business in the state of Florida
Sec. 9. Any person who shall
knowingly subscribe TO or make, ol
cause TO be made, any false statement:
| or false entry in any book OF such in.