The Forrest City times., 1914-06-12

suoisce the offender to a fine of five hundred dollars. and any bank display Ing card or advertisement to the et- Iect mat its deposits are guaranteed oy .ne pank depositors' guaranty funo ot me state of Arkansas when not author ised so to do under the provisions or thls act shall be guilty of mlsds Ineanor, and upon conviction thereoL shaIl be subject to a fine of not iess than five hundred dollars nor more than one thousand dollars
 Sec 9. solvent bank. upon retiring rom business and lquidating its al Lalrs. shall be entitled to receive back rom the State treasurer, after all the oepositors in such bank have been pali m IuIl, its bonds or money pledged. but not any part of any unused assessment mat may be in the bank depositors guaranty fund: provided however, that should such bank be turning over its business to another bank. it shall not receive back it's bonds. or money de- posted in lieu thereof. until the bank IeceiNlng its business shall have de posted with the State treasurer bonds, or money in lieu thereof. according to the requirements of this act.
 Sec. 10. Banks may be permitted in the discretion of the bank commission CT, to exchange their bonds for others acceptable under this act or be allowed to deposit in lieu thereof an equal amount In cash. which may in turn be wlthdrawn upon the substitution of ponos acceptable under this act.
 Sec. H. If at any regular or special eXalnlnation of guaranteed bank 1t small be found to be violating any of the provisions of this act, the bank com missioner shall notify the bank, and the bank may be given thirty days in which to comply with the provisions of this act' and If at the expiration of this tune such provisions have not been compiled with, the bank commissionef snail cancel it's certificate of member snip Tn the bank daDOSiTOTS CuaraQtV iund as herein provided and forfeit it's oonds deposited with the State treasurer Tor the benefit of the bank depositors
 Sec. F. All bonds and moneys de- posted in lieu of bonds, placed in the state treasury under this act shall be Kept Tn said treasury separate from all other bonds and moneys and to the credit of the bond account of the bank uePosltors guaranty fund, and shall be used Tor no other purpose. The State treasurer shall cause the coupons upon Ihe said bonds to be cut thirty days be- lore maturity and sent or delivered to the bank which deposited them; pro Nlued ai"aNs, that said bank shall have pald all assessments in full to date
 Sec. l3. Any national bank in this State may voluntarily avail it's deposi- tors Of the protection of the depositors guaranty fund upon the same terms payments. conditions, and in the same manner as herein provided fer State banks, trust companies and savings banks.
 Sec, 1t. It shall be unlawful for any oahk guaranteed under the provisions CT thls act to receive deposits con 1 lth4ouS!N for six months in excess of elsht tmes it's paid-up capital and surplus. and the violation of this se,- tlon by any bank shall cancel it's right 10 partlclpa te in the benefits of the sank deposltors guaranty fund and work forfeiture of it's bonds deposited With the State treasurer for the bereft of such fund.
 lnto erect the provisions of this act lhe bank commissioner shall provide 1orms and make requisition on the State printer Tor the necessary blanks. and ali reports received by the bank commis- sloner shall be preserved by him in his ornce. The State Urea is authorized to provide forms and make reuuisitjor on the State printer for the necessary blanks and record books for his office Sec. l6. All acts and parts of acts ir, copinct with this act are hereby re pealed in so far as they so conflict put no provision of any banking law l or other statute of this State shall DO | construed 10 be amended. modified or repeated except in so far as necessar.s to permit the unrestricted operation of thls act as applied to banks partici- patlng in the privileges of this act
 sec L. This act shall take effect and De Tn force from and after January | Filed in the office of the Secretary of State on the 12th day of May. 1914
 Each elector may vote for or against the above Act
 Witness my official signature thi. 2Sth day of May, 1914
 EARLE W. HODGES. '0eaL' Secretary of State