The Forrest City times., 1914-06-26

sunject the offender to 8 fine of five nuhdred dollars. and any bank display LHB card or advertisement to the ef- Iect that it's deposits are guaranteed bv .h .he pahk depositors' guaranty fund "i tne state of Arkansas when not author .teu so to do under the provisions ot thls act shall be guilty of misde- Ineanor. and upon conviction thereof ShaIl be subject to a fine of not less than five hundred dollars nor more than one thousand dollars
 Sec 9. A solvent bank. upon retiring rom business and liquidating it's af- ialrs, shall be entitled to receive back rom me State treasurer. after all the uepositors in such bank have been paid III run, its bonds or money pledged, but not any part of any unused assessment that may be in the bank depositors guaranty fund; provided however. that ShouId such bank be turning over it's business to another bank 1t shall not receive back it's bonds, or money de posted in lien thereof, until the bank receiVlns 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. in the discretion of the bank commission CT 10 exchange their bonds for others acceptable under this act or be allowed 10 deposit in lieu thereof an equal amount In cash. which may in turn be withdrawn upon the substitution of ponds acceptable under this act.
 sec; II; If at any regular or special eNdtninauon Of a guaranteed bank II snail be found to be violating any of the provisions of this act, the bank com missioner shall notify the bank. and the bahk may be given thirty days in which tp comply with the provisions Of this act; and if at the expiration of this tune such provisions have not been compiled with, the bank commissioner small cancel its certificate of member "a lNvly1 far4Apn If iund as herein provided and forfeit it's bonds deposited with the State treasurer Tor the benefit of the bank depositors guaranty fund.
 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 cteult or the bond account of the bank depositors' guaranty fund, and shall be used for no other purpose The Stata treasurer shall cause the coupons upon the sad bonds to be cut thirty days be- lore maturity and sent or delivered to the bank which deposited them; prn- V1ded always, that said bank shall have pald all assessments in full to date
 Sec. lS. Any national bank 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 as herein provided for State banks
 Sec. 14. It shall be unlawful for any bahk guaranteed under the provisions or this act to receive deposits con 1 t1nuously for six months in excess of elsht times it's raid-up capital and surplus, and the violation of this sec uon by any bank shall cancel it's right to participate in the benefits of the bank depositors' guaranty fund and work forfeiture of it's bonds deposited with the State treasurer for the berefit of such fund.
 Sec. l5. For the purpose of carryiac into effect the provisions of this act the bank commissioner shall provide | 1orms and make requisition on the State printer for the necessary blanks, and all reports received by the bank commits sloner shall be preserved hv him in his office. The State treasurer is authorized to provide forms and make reqnisition on the State printer for the necessary blanks and record books for his office.
 Sec. l6. All acts and parts of acts ir conflict with this act are hereby re- pealed in so far as they so conflict put no provision of any banking law i or other statute of this State shall Dc construed to be amended modified or 1 repealed except in so far as necessary 10 permit the unrestricted operation of this act as applied to banks partici- pating in the privileges of this act Sec. l7. This act shall take effect and ! 1915. '' Filed in the office of the Secretary of state on the 12th day of May, 1914.
 Each elector may vote for or against l the above Act.
 Witness my official signature this 29th day of May 1914.
 EARLE w. HODGES. | 'oe@l') Secretary of state.