The Republican journal., 1913-04-10

the names, residences and business ad-
dresses of all persons interested in the
business as principals, officers, directors
or managing agents. specifying as to
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, irrevocable, properly
authorized, and with satisfactory certit-
Gates or other evidence of the authorize
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 adj
Vertising Of securities in this state, or
any violation of this act
Upon the filing of the application. the
commissioner shall forthwith give notice
of the fact and date of such application,
ness and address of the dealer, by adj
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 it 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 accompanied
by certificates or other evidence suffi-
clenL TO reaSOnaFlV eStaDlSn the dealer
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-
pute. the commissioner shall, in case no
objection to the proposed registration be
filed, register the dealer.
If the commissioner shall not be salts
fled with the dealers good repute, or If,
within the two-weeks period succeeding
the publication aforesaid, objection shall
no m. n 10 YorO
commissioner shall give notice OF either
fact to 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 a result of such
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
dresses of all the persons Interested in
the business as principals, officers, di-
rectors or managing agents and the fact
that the dealer has been registered for
the current calendar year as a dealer in
securities. The certificate shall in other
respects be in such form as the COM
missione" may determine. but shall state
in bold type that the commissioner does
not recommend, and assumes no re-
sponsibility for, securities offered by the
dealer. Certified copies of this certiti-
cate shall be furnished to the dealer at
fifty cents each. Changes in the certiti-
cate. necessitated by changes in the per
sonnet of a partnership. or in the prin-
cipals, officers directors or managins
any time upon written application to the
commissioner, accompanied by state
ment of the facts necessitatins the
change. Upon the issue of the amended
the certified copies thereof outstanding
shall be promptly surrendered to the
commissioner.
REGISTRATION OF AGENTS OR
Statesmen.
Section 4. Upon written application by
a registered dealer. accompanied by II
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 as
the commissioner may prescribe. and
shall state the residences and addresses
of the persons whose registration is re-
quested The commissioner shall issue to
eacn person 50 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 Gas the case may be) of the
dealer. The certificate shall in other re
sDects be in such form as the commits
sioncr shall determine, but shalt 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 ). All registrations shall expire
At the close of the calendar year, but
new registrations for the succeeding
year shall be issued as of course, with
cut 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 a registration
fee OF five dollars for each registration.
PUBLICATION.
Section 6. The commissioner shall, at
least twice during each year. publish in
the official state paper 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
poraton or association is registered
either as dealer, agents or salesman.
PRODUCTION OF REGISTRATION
CERTIFICATES.
Section 7. 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 snail at 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 fact
or by exhibiting the certificate or a
certified copy thereof.
COMMISSIONER AUTHORITY TO
INVESTIGATE OR TO REQUIRE
INFOnMATION.
Section s. The commissioner may at
any time require a dealer to file with
him a list OF the securities which he has
offered for sale or advertised within the
preceding six months. or which he is at
the time Offering for sale or advertising
or any portion thereof; and may require
the filing OF statements of assets or
earnings. or any other facts he may
deem pertinent in relation to any of the
securities offered or to be offered by the
dealer or the associations or corpora