Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1916-10-28

tne eNCess theFeot shall be refunded and
placed 70 the credit of such bank as shall
be entitled thereto by reaso- of s,cb a.
creased deposits. In computing the aver
age udlly deposits of any bank, there shall
Go,arn eo usnucoet an iunds Of the United States
GoVerhnent, Otherwise secured, and of the
state OF South Dakota, and OF any conn
ty or other body polite which are other-
wise secured, as provided by law. and
the DeposltolS Guaranty Fund shall not
De llabie Tor the loss of any such funds
Sec. 3. Special sessment-Iilnita-
ton whenever, after the expiration OF
one year from the taking effect of this act
the Depositors' Guaranty Fund shall no
come impaired or be reduced below one
per centum of the average daily deposifs
@ OF @such banks, by reason OF payments to
uepoSltors Of failed banks, the State Bank
ing Board shall have the power and II
snail be Its duty to levy a special assess
neht AGAINST the capital stock OF each
pailh SUBJECT TO the provisions OF this
act, TO restore such impairment or re-
duction to an amount not exceeing two
per centum OF the average daily deposits
of said banks. but the aggregate of suCh
special assessments shall not. in arv one
year, exceed one-half OF one per centum
OF SUCH deposits.
Sec g. Certificate of Indebtedness Is
sued-When-Tf the amount in the De-
positors' Guaranty Fund and the amount
Fealzed from such special assessment
shan s. Pc Insufficient to pay off the depos-
ltofs on AL failed banks, having valid
claims against said Depositors' Guaranty
Funo, the State Banking Board shall issue
ana denver To each depositor having such
ness for his nnpaid denosSts q GsrtiGcofe
bearing interest at the rate OF six per
cent per annum, which certificates shah
pe signed by the secretary and counter
and snail he neeot9abi M Ga So 80, ~, ~, a
shall be consaelfiVeI ,,,,,,,paSo6 & siiI
=, i,rn,1 49,, ~ ~ ~ S .50l'oSItuIs 'u't ~
Stato Blntina Eoa i,,e 81 ec,sureI t 81 ti oe
isspo In like rnann1r as e,ot ~ ,.,r.,, -
are paid bv the state fre9stire,, "ony of
said call sbaU he mn ila6 ,t5rr G,.st &c.
postage TO Tho boIdar ~ +,,c.,- s,,,,b r,
tidcatc. M Gie last know, No. tof,i,,, ~
dress and thrce Gavs fIe~ea ftcr {nto'set
shah noaso unrn oW ro,.ft6cgtSs a. Soliod
Tor p4,rlont T,sg,-i3-4 49,, 10 80 -
CerttIcate ~ f,derta,f1''.e,, ian ~, 49,,
IN PAYMENT af u denosft f. tgiici, a cl1, ~
ira - t,t, . y" ~ ~
s,lob ff1 i"S D,t"e cen
biubnr rafo sbau IA oII.,,.I 49,, - -
prnvidad for n,- s.,fd a,1,tr.,,t ' -
See Z. Certircafe of rnSebfe5poee paid
How-'rhe cf@t4 I5anti,,, S,,5 te,'T'
from wear to wear lew ene,.iai es,,o o,,t
as harrinbefore +y",,i7i ,ii.. re- ,.i,t9
itai STOCK of ali ba,lts e,i "St'' 80 i.C ~. v.p 2
visions Of this act. until sunb certidfate
thereon sba have t1n beaG eg acGTuea f "a interest,"
until fhe Darosi+Crs, C,1a,4t9 1t' t"'i' }i 1oiT
he rostor1d @ a., oa,itl'ts = WY stlan li.n
Der centuo, ~ 10 o,,are,r ii iIT' ~ Joeita
81 said hartle N"'5 N0bo9i'S
Sec & hesafe ~ tTairo, 17,,,rs rr,,y
Applied-As rontdI[, rs ,5n aessts os
failed banks are iauidated and re9l;zed
upon IN 10 nt,b5 ato,,,i,,,, ,,''' ,
needs tIorcnf dta1t -.,,ii CO -.
the fsvncuf of tI,a evnsitoe oG Ii,i,i,ja
tion to tba ,. -, " .l ~ 80, 'i,.
GueIart, r7,,r, .,ii 90 we - s,.
said rnr, =, H. .,it.. ~ 'i.,.s pt'u ouI ~, %
bark ana Ne r.,~s{nf.,, ehtfi Sa
RprIiaI 81 tTe St@te ,,t''a f,,i 81 -
u'.y5 ~ ~, INC - t .,N i''e '1,iu ~
it,iel Iy - ~ 'llyl-. @
HoIiiatcd banl eftcr - r.,,.,s l,',.,'
,sI,aro3t,, r,-,,,5 eb@ii M 49,, ~
,,,,. ~, - = tl- l.s. - w
p,1,,i7,t, ian 0' '"0 "'f's''@ g." i"e4'i
g. -...4 e.-,, r.-,
N-,cra, ~, I3 3,.,,sit,,.! y. ~ ,-1
'.N0' VIC pVsItVtN dH1
,i w. '.l,.oul,l ,.,.ll ~ ,t'tt 49, -tI
siI tarl .,,Jt,, U'14s1,a
IN Wy ~
Sani,s b,,,o '' ., ,l e,,. a.. '.''lCl @
10 .'"NC i iHnN ~" W. w SgI
'Nse 4'+r, "lcN; .,lt
- 'e ~ -A.iiS L'std hIy f'@A.eha ne
bI f fir" ~ w ~ =, = ,t'el
cu loI ~ HtH'leh I'VE 81, uhll tAe SAD
.eHg sDtu bt Iee2ceq 10 Two per ccnlum
lne w. we dtilS deposits ol SAID
,o'-.a ,,,,' IioFl. l.iS.5 ,udt 40 annual assess
n5 n,i tloFe l1niep s.ia pe sspeha
SSu uhth Holice 9I sucI suspe nsion shall
..i"N1 bSeH .sAneu by lhe STATE Banking
H'epO - '"i1 pahks sqp-ect theieto.
49,. r,,1 o'e,S e. 70 ii5lve s. fTtsl len on
ti'er ne expense OF LIQUIDATION or any
SUI ilile9 pank hss ueen paid. nave
NJ. !Th uppn Ine proceeqs OF me assets
,t -, Sio. na"h and lne lanlltles oi aIi
"'NI'"l"G,s, pRlcefs ahd directors mere
~, hH wen es agalhst az otner persons
benls or c9rp.faGonS opilga yea 70 the said
p,nN' ,N' eiu nc atiorheH eeneIdl shilH
e epoi' 'N''uest ~ ne puoic examiner. ril
,,-,Ne we psUNIsIons OF this secuoi, ~
~, n'nle % t"e Suttc OF ooutn ilahnl'
~. W DShVt's VI tie beposltois rh'F"
- New banks-As Assessment Ley
'ioW AZ pahks orsahlzeu un"Sr
.aWs ol 'lts STATE. snpsequent 70 t..e
W. W. - I"t, tlHCt OF ttiIs act, or iess 'nan or.
49, 80 ~ , eNious liereto; sn9 u pay INTO tne
80 .ors rstitN ~ + UNI UNI liiree per CeIt
-, vac 1n."ant o. tlleIr capllai stoch Whea
eiIeE, open TT business Nincl aH1unl
. slis 20 roHstitute creuli iunu; supJte. q,
aaJustuI IT. on the Dasls OF itS deposi.s'
US tr9Vlued lnI pahks esh pIlsneh 90
49, hofe' Wnlch aayusIneht shal -