Pocahontas star herald., 1914-06-19

fnnisct tno offender to a fine Of five
hundred dollars, aud uny bank display
lhs card or advertisement 20 the ~
Iset that its deposits are guaranteed 'N
The hank denosuors guaranty fund ~
tte state az Arkansas when not authc'
lHed 20 TO do under the provisions OF
lhls act shall be guilty Of "a ml-u' :
meanoE ANA rpon conviction thereon
hhaH he subject 10 a fine or not -
thhn five hundred dollars, nor more thAn
one thousand dollars
Sec. .. A solvent hank. upon retiring
IIam business ana llQuluutinE VS. bi
ialfs' shall be entitled 60 receive BACK
from the state treasurer, after all tas
deposltors ln such bank have been pal !
IN tuli, lts bonds or money pledged, hni
not any part OF any unused asHtshmeni
lnat may he IN the bank drpotileln
suntanW fund, provided, however, that
should such bgsk be turning over ln
husinesh 10 another bank, " SHAH rot
receive back its bonds. or money ds
posted In lieu thereof until the hank
receiving 10 businefs shall have De
posted with the State treasurer hondt
or money In lieu thereof according 20
the requirements OF this act
Sec. 10, Banks may be permitted IN
the discretion OF the bank commlssiou'
ef' 10 exchange their bonds for others
acceptable under this act or be allowed
amount In cash. which may In turn 10,
withdTnWn upon the substitution ot
bonds acceptable under this act.
Sec, u. II az any regular or special
shall S be found 10 ss S'TEsaia yioiStiag 5S amy o.
the provisions OF this act. the hank CON.
missioner shall notify the bank ana the
bank may be given thirty days in which
70 comply with the provisions Of thi-
act ana II az the expiration OF th.s
time such provisions have not been
compiled with. the bank commissioner
shall cancel It's certificate OF member.
snip IN the bank depositors guaranty
bonds deposited with the state treasurer
TOT the benefit OF the bank depositoTs
guaranty fund.
Sec. ~. All bonds. and moneys de-
gosited In lieu OF bonds, placed In tho
state treasury under this act shall be
Kept In said treasury separate from lll
other bonds and moneys and 20 the
credit OF the bond account OF the hanl;
depesitors' guaranty fund, and shall be
used Tor no other purpose The state
treasurer shall cause the coupons upon
the said bonds 20 be cut thirty days be-
tofe maturity and sent or delivered "a
The bank which deposited them; pro-
vidsd always. that said bank shall heva
paid All assessments In fun TO date,
Sec. 10. Any national hank 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 a. herein provided for State
banks, trust companies and savings
banks
Sec, IL II shall b. unlawful for any
bank guaranteed under the provisions
oi THIS act 70 receive deposits con.
tinuously for six months in excess of
eight times its paid-up capital and
surplus and the violation OF this sec
ton by any bank shall cancel itr right
10 participate In the benefits OF the
bank depositors' guaranty fund. and
work = forfeiture OF it's bonds deposited
with the state treasurer for the benefit
OF such fund.
Sec. 10. For the purpose OF carrying
into enect-the provisions OF this act
the bank commissioner shall provide
forms and make reouisition on the State
printer for the necessary blanks. and all
reports received by the bank commin-
siontr shall be preserved by him In his
once. The State treasurer IL authorized
TO provide forms and make requisition
on the State printer for the necessary
blanks and record books for his once.
Sec. ls. All acts and parts OF acts In
conflict with this act are hereby re.
pealed I'm DO far a. they no conflict.
but no provision OF any banking Law
or other statute OF this State shall Dc
construed 20 be amended modified or
repealed. except In so far as necessary
10 permit the unrestricted operation Of
this act as applied TO banks partlci-
pating In the privileges OF this act.
Sec. IL. This act shall take effect and
es In force from and after January I.
FILED In the offIc. OF the Secretary Of
State on the I2th day OF May. 1914
Each elector may vote for or against
the above Act
Witness my official siEnstur. this
2sth day OF May. 1914.
tsesl) Secretary OF State