The Springdale news., 1914-06-12

est permitted by this act, or who shall with intent to evade any of the pro- visions of this act. pledge the time certificate or other obligation of such hank as security for the personal obli- gation of himself or any other person shall be guilty of.a m#saemeanor pun ishable by fine of not less than five hundred dollars Tor more than five thousand dollars by tmrrisonraept not eXCeetin2 t.te NssT= ar 8y such 4fpt and imur sonment The 3tS-Ia,- Of am. card or other adge=tiSesaettt tending r.. convey the impress 1z ttat tte fep-s -s of the '@- k @~e et.e hE tle s59t. of Ar5a-saS eftf57s tl5-ar4lz- 9f t. 7f.. r ly, shall be m s iemeaHar and She'i subject tn off. .64 70 q hundred dollars ahd any bank 's-p,a~- inC car3 pr adsa=tisan =eft "a ''.a "' feet that tts 4enee.ts are @sla"qi.t.ol l-' tfle bank deros t7zs t.
 tle State Of ArIaHeas r.f1r rot aUtrcr@ ized so to dn Hplnr the pr2ri-i .,u2 ot this act shall he suiltr of a w
 shall l.e subject to 2 fine of not less -lsen five hundred follars nor more than one thousand dollars
 Sec. ?. solvent bank npon retir{oe rom business and Iquidating it's at- leirs. shall be entitled to receive back from the State treasurer after all the deposItors in such bank have been paid n full, its bonds or money pledged. but mat may he in the bank depositCrs &uafaHty fund: provided however. that should such bank be turning over 'tS 2dSinFSS tH another bank it shall not receive back it's heR3s or money de fos1tei in lien thereof until the hanl; ze.5io, eeftaif its business sAal haze de or money in lieu thersof, according to
 Ae requirements ef t fs Act
 Sec 10. Banks may be permitted, ir the discretion of the bank commissions IT. to exchange their bonds for others acceptable under this act or be allowe3 to deposit in Ha4 thereof an equal amount in cash. which may in turn be Withdrawn upon tse susststut.on O. SOpds acceptable unfer this act.
 ssc. II. If at any regular or specie exaiDiuation Of guaranteed bans il shall be found to be violating any Of she provisions of this act. the bank com missioner shall notify the bank and the bank may be given thirty days In which tn comply with tie provisions of this act and if at the expiration of this tune such provisions have not been complied with, the bank commissioner shall cancel its certificate of member ship in the bank depositors guaranty fund as herein provided and forfeit it's PondS deposited with the State treasurer guaranty fund
 Sec 12 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 bond aecohnt of the bank depositors guaranty fund. and shall be used for no other purpose The Stat- treasurer shall cause the coupons upon the said bonds to be cut thirty days be fore maturity and sent delivered to the bank which deposited them: pro Ffaed always. that said bank shall have Pa1d all assessments in full to date
 Sec. 13. Any national bank in this State may volanta riig 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 s herein provided for State banks, trust companies and savings
 Sec. 14. It shall be unlawful for any bank guaranteed under the provisions or this act to receive deposits con for six months Tn excess of eight times it's paidsup capital and surplus. and the violation of this tion by any bank shall cancel it's right to participate in the benefits of the bank depositors guaranty fund ant work a forfeiture of its bonds deposite with the State treasurer for the benefit of such fund
 Sec. IS. For the purpose of carryina into effect the provisions of this at the bank commissioner shall provide forms and make reqQfsition on the State printer for the necessary blanks. and all reports received by the bank commits sioner shall be preserved by him in his office. The State treasurer is authorized to provide forms and make requisition on the State printer for the necessary blanks and record books for his office
 Sec. Is. All acts and parts of acts ir conflict with this act are hereby re pealed in so far as they SD conflict but no provision of any banking law or other statute Of this State shall pa construed to be amended modified or repealed, except in so far as necessary to permit the unrestricted operation of this act IS applied to banks partcj- pating in the privileges of this act
 Sec. IT. This act shall take effect and be in force from and after January l, 1915
 Filed in the office of the Secretary of State on the 18th day Of May, 1914
 Each electer may vote for or against the above Act
 Witness my official signature this 29th day of May 1914
 EARLE ". HODGES
 (SeaL) Secretary of State