Pocahontas star herald., 1914-06-26

HE druoslf... r..r..f. a.rl al
i r1 O. DO urdr. fIn NH,,I.InnH Oh
l. it fiI he guilty. I'd mIsfts
Ahi unon Conviction thereof
snln nn subject to fine on not less
l.Ah lNe hundred dollars. nor more than
ono thousand dollars.
Sec g. a solvent bank unon retiring
from business ara nnuidafine fta az
/ Ihlth' shall be- entitled 10 receive back
| rom ne state treasurer after an the
u'tes,'ois ln such bank have been patf
not any part OF any unused assessnsnt
that may be In the hank depository
suarantN fund; provided, however that
s,,o9ld ssnonid such bank be turning over IL
receive hset anothsf hank II shall NJ
posted IN lieu thereof. until the bank
receiving It's business shall have de-
poslled with the State treasurer bonds.
the requirements OF this act
Sec. 10. Banks may be permitted, in
the discretion OF the bank comm lssiou.
er 10 exchange their bonds for others
acceptable under this act or be allowed
20 deposit IN lieu thereof an equal
amount In cash, which may In turn be
Withdrawn upon the substitution OF
bonds acceptable under this act
Sec, II. II at any regular or special
esaninauon OF a guaranteed bank ~
shs ,haiI oe round 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
20 comply with the provisions OF this
act. and n at the expiration OF this
time such provisions have not b,sn
complied with, the bank commissioner
shall cancel It's certificate OF member
snip IN the bank deposltors guaranty
iund as herein provided and forfeit its
bonds deposited with the State treasurer
FOR the benefit or the bank depositors
/ guaranty fund.
Sec. i2, All bonds. and moneys de-
posted In lieu OF bonds. placed in tho
state treasury under this act shall be
KEPT IN said treasury separate from all
other bonds and moneys. and TO the
| credit or the bond account OF the bank
deposltors guaranty fund. and shall be
used TOT no other purpose. The State
treasurer shall cause the coupons upon
the said bonds 20 be cut thirty DAYS be
4 fore maturity and sent or delivered to
/ the bank which deposited them: pro-
vided always, that said bank shall have
paid all assessments In fun 90 date.
Sec. i3. Any national bank in this
1 state may voluntarily avail It's deposl-
/ tors OF the protection OF the depository
guaranty fund upon the same terms.
payments. conditions. and In the same
manner as herein provided for State
| banks
Sec ~ II shall be unlawful for any
| bank guaranteed under the provisions
Or this act 20 receive deposits con-
| tinuously for six months In excess Of
/ eight times its pald-up capital and
/ surplus, and the violation OF this sec
ton by any bank shall cancel It's right
/ 20 participate In the benefits OF the
bank depositors' guaranty fund. and
work a forfeiture OF its bonds deposited
With the state treasurer for the benefit
OF such fund.
Sec. i5. For the purpose of CARRYING
into effect the provisions OF this act
| the bank commissioners shall provide
forms aud make reauisltlon on the State
printer for the necessary blanks. and alt
reports received by the bank commits
sioner shall bc preserved by him In his
ONCE. The State treasurer Is authorized
10 provide forms and make requisition
on the State printer for the necessary
! blanks and record books for his ONCE
Sec. i6 All acts and parts OF acts in
| conflict with this act are hereby re-
/ peaied In 50 far as they so conflict.
but no provision OF any banking Law
or other statute OF this State shall oe
| construed 20 he amended. modified or
repealed. except In 20 far as necessary
| 70 permit the unrestricted operation OF
/ this act as applied to banks partlci-
| pating in the privileges OF this act
Sec. ] T. This act shall take effect and
be IN force from and after January 4.
Filled IN the office OF the Secretary of
/ state on the leth day OF May. 1914
Zach elector may vote FOR or against
/ the above Act
Witness my official signature thi,
/ seth day OF May. 1914.
EARLE W HODGES.
tseal) Secretary Of state.