The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1916-11-02

persons excent &c ba-eir otbaru;se nro-
vIde5 70 49, -, I'LL a. q ,ario5 -,
ZEN IA 20 any Dah IN saau =, d p aItoa o VI
assessn,ent b. 60 ra,oi, Ia The treas,ray
of the State r, mixing BOARD in resnonse ia
any cali for the funds deposited in such
bank. or anv mart theraof r. The cre{it
Of eai5 hoarj or - intnrast drn an dqiIv
baIanres as in III NCt nrocijp3 such
bank shall be liz bI. in addition IN lie
assagement or trtara o., - ~ ~
atty in an an,o,,Ht mi ~ S,,cb $3.50
,gent or ipGnlas. ar oIl,'.b o,,ntIrt ca Iii
"a, which penalty sbaII he RENTED by
/ ir1ft In Tho ,rea ',r,. - ~. So "a NJ
ing Roar ana rotira ~ SIrh re,n,ft4 noe
/ sh3u he forW@ =, IeI bv IN bank ~ he
public examiner, Whenever any bank
shall he in arra,rg FOR a ,c,f1J' NJ ,an
! DAYS such bank sbou he notified by the
public examine ~ ,,ql,a good sIr6
a~rrcara ge and na,,.Jt =. ma IL s,nrb Lank
shall fan or refuse SO To- do for a period
of fen DAYS tgsraa rter taa r,,IILr YAM
iaer shall immcdfately proceed to make
an sanitation OF the affairs of such bank
and If he shall find it to be insolvent he
shall take poss4ssion Of its books, accounts
and assets ana yJind nn ire affairs in tbe
manner prescribed by law, If the pnbljc
examiner shall upon due examination,
NANCE, AMI the said ba ~ sal JIt " g(iIi Iey
fuse to pay such assessment, or 70 remit in
/ response to such call. or to remit such in
/ tCrcst and the ~penaItv uroviled for nv
this Section he shan Lriuo an artion
against the said hank for The recovarv
thereof I'm the name Of the state of south
/ Dakota for the benefit of fine DcpoSitors'
/ Gya~auty Fund ana e,rh acton sL,Il No
uroq4cuted bv tbc Sttoruav parn,.,i. no
/ vI3od tba. the remedies harsip rrascribad
! shall no in a,t;itfon >, e,ob &c ,.a .Isa
where providnd In tLis Act far daIinI,ancy
Of bank officials
90
Se., - I~iapproprlated assessments
deuI Nh"h. IL any bahk o~rSahH.
"n lie LdMs ~ t"IS sui hiNi'E pI''
my assessment or aTSeSSihertS 20 the De
IDS''oLS Huir5hlE FHhd' SIaI l4ai'ate
'II - out OF nu7.i''SSi or sil1H dtSITe 10
3.SahIIt as ""iI"'aI bahh aiiG WIN
a',H iiIl Ine Irul'IItoh OF the le-
SUITS '"ataNlE fuhd TOT Us depoa'toFS,
'' .'l' 'un @.'h ass" Sih'''' or assess
I'D ogI"S't'fS or laiIed BANKS, under tne
N''7 81 '.IS N'i' icSS zen per cent,
We ~. ITi"l l'l ~ any $''l p'hK ny
.' 49, i''IN''S ''ptF"' i"\lieu' tiidt
'''N ia" ne i.,'''N.4 from rs
'lI'h - tH', deposit ',S Guaranty
.'li a,r" y $,'I ,llr ial' ~, niFoIer
-'lI," "l aI od'S, 'n"'I& 1G'llil,ttes
Cd, lha'rt'ane.s issued To- IN" dau0Sitors
i'.'.' N"LnS IN ',r Nf"NI-I,l. or
.H9 ''i, HnF UNIV Il N'tIl nave received
'' ,''00''h IN NFL.HS 50 10 40 rom the
IN''l' 'NahlHrr OF ms state after an eN-
''uIhAI'"il OF l,S c"ldilon.
go. - RATE or Interest on Deposits
'.' PROVISIONS OIL. tlIS Nrt, snail k"hD a
'Ii''i record OF the interest rate and
terms or d"poSlts, upon which IL has
greed 10 pay interest ana snail submit
'|- &ald record Tor examination by the
NI'.I' examiner upon demand. No such
n'i'N S.I3l pay, or awe" to pay a higher
''u n' interest Tor deposits or any de-
."r,Iiinn, nor TO allow interest on time
"orill'2teS for a shorter period, than he
l'lI1'lu among q majority Of other banks