Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1913-06-12
CORPORATIONS TO
CONTEST NEW LAW
REGISTRY ACT GIVES STATE
POWER TO INQUIRE INTO
BUSINESS SECRETS.
ARE EFFECTIVE ON JUNE 20
Craig white Save" Act and Other
Important Missouri Bills Will Go
Into Operation This Month.

Jefferson City.-Among the laws of
general interest and importance which
will become effective June 20 are the
blue sky law and the act requiring
corporations to register annually with
the secretary of state and pay a regis
&. try fee of S.. The blue sky law in
vests the state bank commissioner
with power to regulate the issue and
sale of stocks or bonds by investment
companies, while the other gives to
the secretary of state power to inquire
into the inside affairs Of corporations
newly chartered.
The bank commissioner is given
power by the blue sky law to pass
upon the solvency of a proposed in
yestment company. 1t can sell Meth
'er stocks nor bonds nor transact any
business until permission is obtained.
The corporation registration act gives
to the secretary of state power to re-
woke the license of any corporation
which fails to register annually and
pay the S. fee. This act requires the
company to report intimate details of
its business. For this reason the act
is likely to be attacked in the courts.
May Appoint Mccawley.
The question, too, was raised by
Senator Carter that this bill was not
regularly passed by the senate and it
was protested by Senators Greene and
Carter before it was signed by the
lieutenant governor. 1t authorizes the
appointment of an assistant supervi-
asor of corporations at a salary of
$4,000 a year. To this position the
secretary of state probably will ap-
point A. l.. McCawley Of Carthage.
The act makes the secretary of state
ex,oftclo supervisor Of corporations
Three important laws passed by the
legislature probably will be suspended
b. submission to the people through
the referendum. These are the coun-
ty unit, the full crew law and police
and excise home rule laws for St.
Louis. Insurance companies may sub
NIT by referendum the Orr antitrust
act.
Another law which has attracted but
little public mention is the act enlarg-
ing the powers of the board of chart
ties and correction. This act gives to
the board power to inspect almshouses
and jails and to recommend necessary
changes for the better care of the in
mates. The legislature made an ap-
preparation OF only $4,000 for the use
of the board.
Some New Acts. VI
Another law OF the social legislation
order is that giving to probate courts
in counties having less than $4,000 in
habitants jurisdiction over delinquent
children under IL.
The Craig white slave act" be-
comes effective June 90.
Some other important laws to be-
come effective are:
The women's nine-hour law as
amended, the law to prevent occupa-
tional disease, act requiring all rail
roads to incorporate in Missouri, act
giving al eight-hour day to glass and
silica workers, bill for the pensioning
of Confederate soldiers, act giving ho-
tel keepers the right to Jail a person
attempting to beat a board bill, act
prohibiting free lunches in saloons,
act requiring persons to give notice to
creditors before selling a stock of
goods, commission form of govern
nient for second and third-class cities.