The Dermott news., 1914-06-11
subject the offender to . tine of tive

SUBJECT the onender TO q Tine OF i've
hundred dollars, and any bank display
ing card or advertisement to the Ell
feet that it's deposits are guaranteed by
the bank depositOrs' guaranty fund g.
the State of Arkansas when not author.
lied so to do under the provisions or
this act shall he guilty OF misde-
meanor, and upon conviction Thereof
shall be subject to fine of not less
than five hundred dollars, nor more than
one thousand dollars.
Sec. @ solvent hank. unon retiring
from business and liqnidating its ar
fairs shall be entitled to receive back
from the state treasurer, after all tn"
depositors In such bank have been pal
in fun, its bonds or money pledged. but
not any part OF any unused assessment
that may be in the bank deposttors'
guaranty fund; provided. however, that
should such bank be turning over its
business to another bank. IL shall not
receive back its bonds or money de
posted in lieu thereof until the bank
receiving 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, I'm
the discretion of the bank commission
er, to exchange their bonds Tor others
accountable under this act. or be allow"'
to deposit in lieu thereof an equal
amount in cash. which may IN turn he
withdrawn upon the substitution or
bonds acceptable under this act
examination of n guaranteed bank II
shall he found to he violating any OF
the provisions or this at the bank corr
missioner shall notify the bank. and the
bank may be given thirty DAYS in which
L. comply with the provisions of this
act and II at the expiration ~ thts
time such provisions have not been
complied with. the bank commissioning
shall cancel its certificate Of member
ship IN the bank depositors' guaranty
fund as herein provided and forfeit ito
bonds deposited with the state treasurer
tor the benefit of the bank dcpositors
Sec u All bonds. and moneys de-
posted in lieu Of bonds. placed in the
state treasury under this act shall be
kept in said treasury separate from all
other bonds and moneys. and to the
credit of the houd account Of the bank
depositors guaranty fund. and shall he
used for no other purpose. The STATE
treasurer shall cause the coupons upon
the said bonds to be cut thirty days be
fore maturity and sent or delivered to
the bank which deposited them: pro
vided always, that said bank shall have
paid all assessments in full to date
Sec 13. Any national bank in tn
state may voluntarily avail its depesi-
tors Of the protection OF the depositors
guaranty fund upon the same terms,
payments. conditions. and in the same
manner as herein provided for State
banks. trust companies and savings
banks
Sec. -. II shall be unlawful for any
bank guaranteed under the provisions
of this act to receive deposits con
ttnuously for six months In excess of
eight times its paid-up capital and
surplus. and the violation Of this
ton by any bank shall cancel its right
to 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. l 3. For the purpose Of carrying