Pocahontas star herald., 1914-06-12

rubieet tne onendsr TO flne OR five
l.nuFfl Nl'iafr aud Hnf tluf dI nihr
' 'N'N ar HuNHfHfrmDri in tHH
t'Hi 'tr Dol. t'iH HIr HrHnfa ''
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". Humiliation"
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.H. ol 1oH.I ...t.gl r..
tNHt MN lH Pa Ur haHE ierU .lnIr
kNAfa f .|Hi. provided. bow ftr fiat
.N"Nli f..H NHFk HE fumInH over li
pr. iH another hIuk. t HNHl r
l1..iea ln I.'n thereof mu tne nanN
treriFinE De- hufures shall hHyr Do
notited with thr State treasurer bonds
or money n lieu thereof accordInr 60
the requirements Of thIs act
See. io Banks may b. permitted, in
thc discretion of tho bank 1ommlfsion-
en- 90 exchange their bonds for other.
nccepmhlg under thiH act or he allowed
70 denott ln lieu thereof am sqral
amount iu cash. which may lu turn P'
witldfaWn upon tho substitution or
bonds acceptable under this act
Sec. M. ff az any regular or special
fAamluntluH OF guaranteed bank NJ
shall De- found to be violating HnN or
TIE proNifluns of this act the hank com
mlHsioncr shan notify The hank. aud The
bank may be givon thirty DAYS lu which
Co comply with The provisions of this
ueti and 10 al hs expiration of tN.s
hmc funh nruVinIona have not been
compiled with. uhe bank commissions
ship iu Tie bank dcpositorT guaranty
fund az herein provided aud forfeit it@
bonds deposited with the State treasurer
Iol the benefit OF the bank depositors
Sec. ~. an bonds. and moreys Do.
posted I'M lien of bonds placed I'M tho
state treasury under this act shall D..
Kept I'M said treasury separate from ll
other bonds and moneys and 90 tho
credit or the bond account OF the bank
dcrositors guaranty fund aad shan ho
nhed TOT no other purpose. The state
treasurer shall cGr1r fhc coupons upnn
tho said bonds 10 he cut thirty DAYS he
lnre maturity and sent or delivered 60
the bank which deposited hcmi pro-
Nided always. that said bank shan have
paid oll assessments ln FUN to date
Sec. la. Any national bank I'M this
state may voluntarily aNan its depori.
tors or The protection OF the depository
guaranty fund upon the same terms.
manner as herein provided Tor State
BANKS trust companies and savings
Soc li. II shan be uniawfui Tor any
bank guaranteed under the provisions
of This act 90 recciye deposits COM
tluuouslY for Eiy months in excess ~
eight times its paid-up capital and
surplus and the violation OF this see
ton by any bank shah cancel ts right
20 participate in the benefits of the
bank dDnositors' guaranty fund and
work q forfeiture Of its bonds deposited
with the state treasurer FOR the benefit
OF such fund.
Sec. %. For the purpose OF carryinr
into eneet the provisions of this act
The bank commissioner shall provide
forms hnd make requlsltlon on the State
prihter FOR the necessary blanks, and all
reports received by the hank commia-
siontr shall be- preserved by him Ia his
ofiice. The state treasurer is authorized
20 provide forms and make rcquiaition
on the State printer Tor the necessary
blanks and record books FOR his office.
sec. g. All acts and parts OF acts ir
conflict with this act are hereby re-
pealed IN 80. Far as they so conflict.
but no provision or any banking Law
or other statute Of this State shall Ds
construed 10 be amended modified or
repealed. except In so far as necessary
10 permit the uurestricted operation OF
this act as applied TO banks particl-
pating IN the privileges Of this act
Sec. ~ This act shall take effect aud
1915. ' '''' - ''' January -
PILED In the office OF the Secretary OF
state ON the 18th day OF May. 1914.
- l',Sh elector may vote for or against
Witness my official signature this
fsth day OF May. 1914
EARLE W. HODGES.
tseal) Secretary OF state.