Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1916-10-26
Aoloer Or In any manner interested in
u hAnk or truhf The aalariea

pom the public examiners Contingent
Flnd, upon vouchers countersigned by the
s s%Ieosn aya,tor ava v m,nsns. for tns d s4amin.
ers'. and clerks salaries must first be
approved by the public examiner.
actual , n necessary expenses OF
Sxaminers. special examiners or clerks,
shan be paid. by the state and shall be
fully itemized upon proper vouchers and
certified to the state auditor. II allowed.
the state auditor shall issue his warrant
md the State Treasurer shall pay the
amount Of such expenses out Of the public
examiners Contingent Fund.
Within fifteen days from the notice
Of their appointment respectively, the
a~rniiners and special examiners shall take
and subscribe the oath Of office pre-
scrtbed by the constitution, and each shall
GONNA COVE 10 o the hop people te q ~ the ann state a h surety Ely
governor. conditioned upon the faithful
discharge Of the duties OF their respective
s Offices s,, IN the following sums, to,wit:
twenty-five thou.and dollars; the attorney.
ten thousand dollars, the examiners. ten
five thousand dollars; the premiums
theEeon to be paid out of the public ex-
aminer's Contingent Fund. Said oaths Of
office and bonds to be filed with the Sec
rotary Of state.
shah have a seal Of the office containing
the words Public Examiner of South
Dakota tn the form OF a circle, and the
word Seal" within the circle.
Sec. 5. Powers Conferred on the Pub
lic Examiner 1t shall be the duty Of
the public examiner. and he shall have
he power by himself, his deputy, or by any
examiner he may appoint for that pur-
pose, to examine at least twice in each
year, the cash, bills, collateral, securities,
books OF account, condition, and affairs of
annh lac yNly atn1 4oyVr 49, .,y lotr lx.,-t
ness IN this state. except national banks,
and shall ascertain whether such bank
or trust company transacts its business
at the place designated in the articles Of
Incorporation, and whether it's business is
conducted In the manner prescribed by
law.
For such purposes, he may issue sub
po6fias requiring the attendance ut such
time and place as he may designate. Of
any witnesses he may deem necessary to
a proper investigation of the condition OF
such banks or trust companies; administer
oaths and examine such witnesses under
oath, touching the affairs and business OF
sucn institution; and may require for his
inspection the production of the original
pledges, and evidence of the recording or
filing thereof as the case may be, In
case OF any refusal to obey a subpoena
issued in accordance with the above pro-
ported to the circuit court of the circuit
IN which the institution Is located and
the said court shall enforce obedience to
such subpoena in the manner provided by
law for enforcing obedience to the sub
poenas of said court. a witness fee Of
W dollars per day and five cents per
rily travelled, shall be paid to each wit
ness and such fee and mileage shall be a
proper charge against the assets of such
institution. payable thnrefrom Immediate
ly. upon the order of the examiner,
The public examiner shall examine Or
cause to be examined, any bank or trust
board OF directors of such bank or trust
company and when an examination is
made upon such request, In addition to
the regular fee prescribed, such bank or
trust company shall pay all incidental
expenses in connection Herewith.
Sec. s. Fees for Examination.1 Each
and every bank and trust company shall
pay q fee in the amount of one %one-hun-
dredth part of one per cent. of the gross
amount OF the assets of such bank or
trust company, for each and every cgular
ton fee Of any bank or trust company
hall not be less than ten dollars, and
provided further, that If the condition OF
any bank or trust company Is such, in the
make more than two examinations neces-
sary or advisable In any one year. then the
expense in connection with such special
bank or trust company in addition to the
regular fee: and, provided further, that
banks located off q line OF railroad shall
pay IuT euCu dlO GNcIy TcSuldI cAdInlIld-
ton. an additional charge of twenty cents
for each mile such bank or trust com
pany Is distance from the nearest railway
station.
made. before a bank or trust company
may open for business, a fee OF twenty
five dollars shall be paid, and in case
such bank or trust company Is located off
twenty cents for each mile such bank or
trust company Is distant from the nearest
railway station. sa
Following each examination, the public
trust company examined. a bin for such
fee, which fee shall be at once paid 10
the public examiner who shall Issue a
r reeeip. ~ shall sasP'' Ss ae inssesa'' TO on" the 81 bank sa'a
or trust company so paying the fee. the
duplicate receipt shall DO forwarded to
The state asst trssa s n,sa. ana n ,n the a ,fr,iPllca It re-
public examiner. II such fee shall not be
paid, the public examiner shall maintain
an action therefor against such bank or
recover interest thereon at the rate of
ten per cent per annum from the date OF
such examination
Sec, Z. Record Of Fees.l 1t shall be
the duty Of the public examiner to keep a
record Of all fees collected by him or his
deputy, together with a record Of all Elk.
ton Of all hank. ana trust companies
and attf,e enc OF each month pay over
TO the state treasurer, al! fees collected
during the preceding month; and he shall
statement showing from whom collected
Soc. 8: Not to Disclose Information ]
The public examiner. his deputy. at
exalniners IN charge and every clerk IN
his department shall be bound by oath
to Keep secret all OF the facts and tnfor-
m snaminas assa.ns except p So. 50 ,a course as the g ps sSHe
duty OF such officer requires him to report