The Birmingham age-herald., 1915-03-18

under the direction of the superin.
 tendent of banks, such salary to b.
 paid monthly on the certificate of the superintendent of banks on warrant: drawn by the state auditor on the state | treasurer
 Sec. 3. That section 4 is hereby
 amended so as to read as follows
 Sec. 4. The necessary travelling eN-
 penses in the discharge of their du. ] ties of the superintendent of banks, of
 flee assistant and the examiners em-
 ployed by him shall be audited by til,
 state auditor and paid monthly by war
 rants drawn by the auditor on the treasurer in favor of the superinsend- ent of banks.
 Sec l. That section is hereby amended so as to read as follows Sec U. The governor of the state shal assign to the superintendent of banks | n suitable room or rooms in the cap itol building for conducting therein the business of the banking department o' the state. and this department shall l be furnished with the necessary fur
 nIture, stationery postage, lights, tel 1 egraph and telephone service and other | proper and necessary expenses anG ! conveniences and clerical assistance III i the same manner and way as is fur
 nished to other state departments Sec D. That section 6 is hereby | amended so as to read as follows: Sec.
 C. Each bank carrying on a banking 1 business in the state of Alabama shall,
 on the call of the superintendent an ! itually pay into the treasury Of the
 state between the first day of January
 and the first day of April of each year | to be used as an aid in defraying the | expenses of the banking department ot | the state in proportion to the capital,
 surplus and undivided profits of the
 bank as follows; Where the capital,
 surplus and undivided profits Is s25,-
 GOO or less, $25.00; where the ca pits 1, surplus and undivided profits is
 n4ore than s25,000 and not over
 $50,O0O, $42.00; where the capital, sur plus and undivided profits Is more than s50.000, and not over S75,000, S57.O0; where the capital, surplus and undivided profits is more than $75.000. and not over S100,000, $75. where the capital, surplus and undivided profits is more | than $100.000 and not over $125,0OO, | s92; where the capital, surplus and un- divided profits is more than S125,000 and not over $150,000, $10S.00; where the 1 capital, surplus and undivided profits l Is more than $150,000 and not over s175.- 900, $125.00; where the capital surplus and undivided profits is more than S175.- 000 and not over $200, 1000, $142.00; where the capital, surplus and undivided prof it's is more than S200,000 and not over
 
 plus and undivided profits is more than $225,00 and not over $250,000, S1S0.00; where the capital surplus and undi- vided profits is more than $250,000 and not over S500,000, $250.00; where the | capital, surplus and undivided profits | Is in excess of $500,000, $335.00; bank having branches shall pay a total of not less than $25.00 for each office or branch. No other assessment or license of any kind shall be levied against or collected from any bank or banking in | stitution as such, except the ordinary taxes assessed against property in gem 1 eral, and except that after January 1, 1912, municipalities may levy 6 license in proportion to the capital, surplus and
 undivided profits of the bank, of not more than the following amounts, to- wit: Where the capital, surplus and un- divided profits is $25.000 or less S10.00; where the capital, surplus and undivided profits is more than $25,000 and noc more than $50,000, $20; where the cap | ital, surplus and undivided profits is
 more than $50,000 and not over S75,000, $30.00; where the capital, surplus and | undivided profits is more than $75,000 and not over $1O0,000, $4O0O; where the | capital, surplus and undivided profits is more than $100,000 and not over $125,- 000 S50.00; where the capital, surplus and undivided profits is more than S125- 900 and not over $150,000, S6000; where i the capital, surplus and undivided prof. its is more than $150,000 and not over Il $175.000, S70.00; where the capital, sur. plus and undivided profits Is more than $175,000 and not over $200000, S80.00; where the capital, surplus and undivided profits is more than $200,000 and not over $225,00 5000; where the capital surplus and undivided profits is more T than s225,000 and not over $25o,0o0 I $100.0O; where the capital, surplus and undivided profits is more than $25O,- 900 and not over $500,0o0, $150.00; where the capital, surplus and undivided prof. Its is in excess of S500000, $200.00; and | on each branch of bank. 5000 l The term Undivided profits" as used in this section, shall be con- strued to mean the undivided profits as shown by the books of the bank. All I payments to be based on the report made by the banks to the superintend- ent of banks next preceding January 1. Each bank failing to make payments l within the time provided in this sec tion, shall forfeit to the state $500 for each day that it is in default; such for | felt together with the amount due from the bank, may be collected from the bank by suit in the name of the state and it shall be the duty of the superin- tendent of banks to enforce payment
 of the amount that should be paid and of the forfeit to the state under thd provisions of this section by suit in | the name of the state against the de- | faulting bank if payments are not made as herein required
 Sec. G. That section 9 is hereby amended so as to read as follows: Sec g. Whenever the superintendent oi banks shall have reason to believe thai II the capital stock of any corporation or capital of any individual banker is reduced by impairment or otherwise be. low the amount of it's paid up capita stock, 1t shall be his duty to require such corporation or individual bank CT to make good the deficit within 8, days after the date of the requirement by him, which requirement shall be il writing. The superintendent may ex anime or cause to be examined into tn, affairs of any such bank to ascertain
 the amount of such impaiSment or re duction of capital and whether the de fciency has been made good as re
 quired by him.
 Sec. 8. That section 14 is hereb.
 amended so as to read as follows: Sec
 IA. In the event the superintendent
 takes charge of the business and af
 or in the event a proceeding is insti
 tuted to forfeit the charter of any bank
 the report of examiner of such bank ol
 file in the office of the superintendent
 of banks, or a copy thereof duly cer tihed by the superintendent of bank under his official seal, may be use,
 in any court, either by the bank ex aminer or by the bank, as evidence t
 the extent that the same is competen
 as evidence, or as an aid to arriving at the true condition of the bank.
 G4~ ss.