The Dermott news., 1914-07-09

I
| this fund quarterly with it's proportion
| ate share Of interest received from state
| funds. computed at the minimum rate or
| interest provided by law, upon the aver
| age daily balance OF said fund
| Sec g. When any bank shall be found
| to he tnsolvert nv the bank commits
sioner. he shall take charge of such
| bank as provided by law. and proceed 10
wind up its affairs; and he shall AT
! the earliest moment, issue to each de
| positor a certificate upon proof of
claim. bearing six per cent interest per
| 6nnum upon which dividends shall DC
entered when paid, except where con
tract rate exists the deposit In
| which case the certificate shall bear
| interest Al the contract rate; notice ot
| the amount of each dividend to be pal
| creditors and the date when such pay
| ment is to he made shall he published
| in two consecutive issues of a paper or
general circulation in the county or city
| in which such failed bank is located
| and corresponding notice posted on
| the door OF the receivers otfice. and
| interest shall cease on each dividend on
| the day named In such notice The bank
| commi ssioner shall likewise publish a
notice of the date upon which he Will
make payments of any balance due on
! such proof of claim and interest shall
| cease on the daV SO advertised and
said proof Of claim shall so state After
| the officer in charge of the bank snail
| have realized upon the assets OF such
! bank and exhausted the double liability
| cf IT'S stockholders and shall have paid
49, a.. ruhes - .''lt, 'eI ~ or,,,v all
| balances due en- guaranteed deposits Cf
| any eNist1 10 the hank commissioner.
! VINO Nt'liI utn. uI"n M hiPioso ~ ".
| -. Ne. t''laa .'''. " - 80 d..
! the auditor OF State payable out OF the
| bank depositor- guaranty fund IN favor
o1 go uenosi'u, lnI ."e nrotna 49,
ou Nu' 49, W In d" ,..t1ahi
Fnnds ~ the hanE denositors' guaranty
.uHsS ~ .'e .",'N u' cp9.,", .,i
IaHu s.t7'' - w. - uss ~
! Euai 'esu ueposL - .. any 'ti,d snr
- - ''et''' , -.
| having n'Ch hla9t. ,ue o"mN n.il'in, ,, "a
sloher suaLI hdN utl'S 1',, =, - ~, ,t.
me 'tihaih1Si Nhat4 oe PStu VII t,t
new aSse.snlent - aNaiian-e -, -
/ hoNtNer. tnat "nenFNfL we u'i,N ,.,,'
inlss'oner snai nave pat3 "nf NV .'',, ..
70 tne 1er~e '"rS or any lA'tra 1'''H -, -
81 'He paiN afFoS5t - - -
tuep a. V'ttfhN aH' tlsa'S -, 49,. =,
81" aet's 5s5s 80 i..,a S,,'. h,,'.r,t
ne N4iA t'l tlte -
O. - ~ az, -. ~ 80 f,,,,,. 70
~ tail 'ahd Nl.5. ma We 9''H - L,.,,,
itapufSts '@f - ~ mn. ~ - -
Ell sue taIted fiftNz WIN interest," 'aet'
Oh III io"E Ptt 'f'3 ger aili'"Iti-
Sec 6 penalty - fifty per cent 81
the amount II said assessment shat he
added to Tho assess m"0t Of ANY bark
not rem5ttiuE as aforesaid within thirty
DAYS after receipt Of notice o. such -
sersment from the bank commissioner.
and lf any bank which shall have been
I assessed MD notified a= aforesaid shall
fail to remit tie amount ~ sa Id assess
ment ~ herein provided. sufficient
amount ~ its bonds together with tho
uneNp4Fef coupons shall be lmmrd iat"lN
sold nv the bank commissioner at public
sale and tho proceeds used 10 pay said
I sSseSstnent ANY balance remaining
from the proceeds OF such sale aftcr
the payment Of such assessment shall