The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1915-04-01
LEGAL.

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writing and attest the same by the sigma
ture of the chairman and secretary there
of. Notice of such finding, or findings,
cant by registered mail And it shall there
after be unlawful for the promoter any
broker or agent of said promoter to sell,
offer for sale, or by means of any adver-
tisement, circular, or prospectus, or by any
to promote the sale of any such speculative
security or securities in this state.
Sec. 3. The Charter Board shall at any
time have the authority and jurisdiction to
| investigate the affairs of any speculative
| ing sold or offered for sale in this state.
and after giving the promoter hearing,
the adverse findinGs enumerated f' in section
of this act, and it shall thereafter be I'M
soeatiop nor or any 10 se ffer asr
sale, or by means of any advertisement,
circular, or prospectus or by any other
| form of public offering to attempt to pro-
| note the sale of the securities of such spec
ulative enterprise in this state
sociation corporation being dissatisfied
with any finding or findings of the Charter
visions of this act may within thirty days
from the making thereof commence an ac-
ton against said Charter Board as defend
ant to Facate and set aside said finding
findings are unjust or wnreason som. ee The
rules of pleading and procedure in such
action shall be the same provided by
the district courts of this state and on the
hearing the judge of said court may set
aside. modify, or confirm said findings as
the evidence and the rules of equity may
require. Appeals may be taken from the de
cision of the district court to the supreme
court by either party in the same manner
as is provided by law in other civil actions.
Pending any such action the said findings
of said Charter Board shall be prma facie
evidence that they are just and reasonable
and that the facts found true, and
pending any such action the said finding
OF the Charter Board shall remain in full
force and effect: If no action be brought to
4 N wifi irfv n
the same shall become final and binding.
Sec T. No amendment of the charter.
bylaws of any such corporation or the
articles of association bylaws of
to this act, shall become operative
until a copy of the same has been filed
in regard to the original filing of charters,
articles of incorporation, association,
constitution and bylaws, and it shall be I'M
association corporation to transact
business on any other plan than that set
forth in the statement required to be filed
by section of this act, or make, issue,
sell offer for sale any security or Sc
of this act. until written statement show
ing in full detail the proposed new plan of
new es
shall have been filed with the bank COM
missioner; in like manner as provided in re;
proposed Security" or :'securities''
Sec. 8; The provisions of this act shall
States; or any foreign government; or of
any state or territory or Of any county, city,
Of the United States q any foreign
OF the s
sues of which are regulated by the Public
Utilities Commission of the state of Kan
sas, or by the public service commission or
board of similar authority of any state or
territory Of the United States; or securities
national banks or trust companies. mort
gage companies dealing exclusively in bona
estate, or building and loan associations
authorized by the Charter Board to do bus
mess in this state: Cd Securities of any
| capital stock, for religious, charitable or
| Sec 9. The general accounts of every
person., co -partnership, association or cor
| cnrities subject to the PROVISIONS of this
act, shall be kept in a businesslike and in
telligent manner and in sufficient detail so
that the bank commissioner or his author
lied representative can ascertain at any
time the financial condition of such person,
co partnership, association or corporation,
and the books of account and affairs of any
such person, co-partnership, association or
ton by the said bank commissioner upon
his direction by his assistants, accountants
missioner shall deem it advisable, and in
the same manner as is now provided for the
examination of state banks: and such per-
son, co-partnership, association or corpora
ton shall pay a fee for each OF such ex-
lars tsi5ooj for each day or fraction there
of, plus the actual travelling and hotel ex
penses of said bank commissioner. assist
ant, accountant, or examiner, that he is
absent from the capital of the state for the
purpose of making such examination. And
it is provided further, that every person,
co partnership. association corporation
making guaranteeing any securities sub
ject to the provisions of this act. shall file
at the close of business December 31st
March 31st. June Both, and August 31st
of each year, and at such other times as
commissioner,
a statement, certified by the oath of some
facts therein stated, setting forth, in such
form as may be prescribed by said bank
emnnnf of propertv and fatalities of sneb
person, co-partnership, association or cor
poration and such other information as
said bank cOmmi ssioner may require. Each
statement shall be accompanied by filing
fee of two dollars and fifty cents (S2.50).
nership, association. corporation subject
to the provisions of this act, failing or re-
this section within ten days after com
pliance is required. to thereafter sell or
stock which said person, partnership, as
ISOLATION or corporation is selling offer
ing for sale in this state.
Sec. 10. The bank commissioner shall
have power upon reasonable notice either
upon his own initiative or upon complaint
OF any responsible person, to make or have
ton as he may deem necessary, in connec-
offering for sale or disposal in this state
of any certificates, shares, stocks. bonds,
securities, contracts, or contracts or bonds
for deeds, to determine whether the same
constitute q violation of this act or any
other statute of this state, by any individ-
ual pa rtnership. corporation, associa-
ton, promoting, offering, selling pledg
ing the same; and the state bank commits
sioner, his assistants or deputy shall have
the power to issue subpoenas and process
compelling the attendance of any person
and the production of any papers or books
for the purposes of such investigation and
examination, and shall have power to ad-
minister oath to any person whose testi-
mony may be required on such examination
or investigation and any person who shall
refuse to obey any such subpoena make