Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-04-14

each his capacity and title, and the
length of time during which the dealer
has been engaged in the business.
Every nonresident dealer, shall file a
power of attorney, irreveeable, properly
authorized, and with satisfactory certif-
Gates or other evidence of the authoriza-
ton, appointing the commissioner agent
for the service of legal process upon the
dealer in any action in the courts of this
state based upon or arising in connection
with any sale of, attempt to sell, or ad-
vertising of, securities in this state, or
any violation of this act.
Upon the fling of the application, the
commissioner shall forthwith give notice
of the fact and date of such application.
and of the name, principal place OF ousl-
ness and address of the dealer, by ad-
vertisement inserted once in the official
state paper, and once in a newspaper OF
general circulation where the dealer $
place of business is located, if 1t is else
where in this state than in the city of
Augusta. The registration certificate
shall not be issued before the expiration
of Two weeks from the completion of
within such two-weeks period file objec-
ton to the proposed registration.
Each application shall be accompan MED
by certificates or other evidence sutfi-
good repute The commissioner may
make such other and further investiga-
ton thereof as he deems desirable Upon
being satisfied of the dealers good re-
objection to the proposed registration be
filed register the dealer.
If the commissioner shall not be salts
fled with the dealers good repute. or il,
within the tWo-weeks period succeeding
the publication aforesaid, objection shall
be made to the proposed registration. the
commissioner shall give notice of either
fact 10 the dealer, and upon request
from the dealer shall fix a time and
place for hearing. of which fourteen
DAYS notice shall be given by mail to
the dealer and to the directors, and by
publication in the official state paper;
and at such hearing opportunity shall be
given to said dealer, and to any other
persons interested or Directing, to offer
further evidence as to the dealers re
pute. If satisfied. as result of SUCH
hearing, of the dealers good repute in
business, the commissioner shall there
upon register the dealer.
Upon registration of any dealer, a
registration certificate shall be issued
stating the name, principal place of bust
ness and address OF the dealer, the
names, residences and business adj
dresses of all the persons Interested m
the business as principals, officers. d.
rectors or managing agents, and the fact
that the dealer has been registered for
the current calendar year as 4 dealer III
securities. The certificate shall in other
respects be in such form as the com
missioner may determine, but shall state
In bold type that the commissioner does
not recommend. and assumes no re-
dealer. Certified copies of this, eertiii-
cate shall be furnished to the dealer at
fifty cents each. Changes in the certlii-
cate, necessitated by changes in the per
sonnet of a partnership, or in the prln-
cipals, officers, directors or managing
agents of any dealer, may be made at
any time upon written application to the
conn 81 ,hs acts pneeesstatng the
change. Upon the issue. of the amended
certificates. the original certifieate ana
the certified copies thereof outstanding
shall be promptly surrendered to the
commissioner.
REGISTRATION OF AGENTS OR
statesmen.
Section A. Upon written application by
a registered dealer. accompanied by a
registration fee of five dollars for each
person, the commissioner shall register,
as agents or statesmen of such dealer,
such persons as the dealer may request.
The application shall be in such form a 5
the commissioner may prescribe, and
shall state the residences and addresses
of the persons whose registrauon Is re
quested. The commissioner shall issue TO
each person so registered registration
certificate, stating his name. residence
and address, the name, principal place
of business and the address of the dealer,
and the fact that he is registered for
the current calendar year as agent or as
salesman las the case may bel OF the
dealer. The certificate shall in other re-
sioner shall determine but shall state In
bold type that the commissioner does not
recommend. or assume any responsibility
for securities offered by the dealer. or
the dealers agents or statesmen Upon
application by the dealer. the registra-
ton or any agent or salesman shall be
cancelled.
RENEWAL OF REGISTRATION.
Section s. All registrations shall expire
at the close of the calendar year, but
81 succeeding
year shall be issued as of course, with
out the filing of further statements or
furnishing any further information I'M
less specifically requested by the COM
missioner, upon written application OF
the dealer and payment of registration
fee OF FIVE dollars for each registration.
PUBLICATION.
Section s. The commissioner shall, at
least twice during each year, publish in
the official state paper a list of the then
registered dealers, and of their regis
tered agents or statesmen. and shall also
at any time, on request by mail or other
wise. inform any inquirer as to whether
or not any individual. partnership, cor
poration or association is registered
either as dealer, agents or salesman
PRODUCTION OF REGISTRATION
CERTIFICATES
Section Z. Any dealer may and any
person named in a registration certificate
as above provided may, in behalf of any
dealer, sell, offer for sale or invite offers
for or inquiries about securities in this
state but shall al all times when so en-
gagged carry with him the registration
certificate. or a copy thereof, certified by
the commissioner. which shall at any
time be shown to any prospective GUS
toner upon request. No dealer, agent or
salesman shall advertise publicly the
fact of his registration, or use such fact
or the registration certificate. in connec-
ton with any sale or effort to sell Sc
curities, except by statement of the fac
or by exhibiting the certificate OF a
certified copy thereof.
COMMISSIONER AUTHORITY TIC
INVESTIGATE OR TO REQUIRE
INFORMATION.
Section s. The commissioner may a
any time require a dealer to file witt
him a list or the securities which he ha:
offered for sale or advertised within thu
preceding six months, or which he is a
the time Offering for sale or advertising
. or any portion thereof: and may require
the fling Oh statements of assets o
earnings or any other facts he ma
deem pertinent in relation to any of thu
securities offered or to be offered by thu
dealer, or the associations or corpora
tons issuing them; and may require tn
filing of copies of any or all printed OF
otherwise reduplicated circulars or print
ed advertisements relating to securities
which the dealer has within six months
offered for sale or which the dealer shall
thereafter offer for sale: and, thereupon
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