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

tied 10 the Contingent Fund of said de-
partment; provided, that for each and ev-
cry day that the departments attorney Is
actually and necessarily engaged in pre-
pairing for trial and the trial of cases for
any such institution, a charge of twenty
dollars per day ana all necessary expenses
of such attorney, shah be a proper charge
. against the a~ssts of such institution and
shah be paid and accounted for as herein
provided.
Sec. II. Inventory Upon taking pos
session Of the property and assets Of
such bank or trust company, the public
examiner shall make an inventory o. the
assets Of such bank Or trust company,
lu duplicate, one to be filed in the office
OF the pubic examiner and one IN Lne
office Of the clerk of the circuit court for
the C1luty IN "hlch suCh bank or trust
company is located. Such inventory 10
consist Of u list Of all assets of the in
stitution, but the Bills Receivable shall
only be noted by number and amount as
/ appears. on the BINS Receivable register
of such institution.
Sec. IS. Statement to Creditors
Within thirty days after the taking pos
session Of any insolyent bank or trust
company as herein provided, the puLuc
shall make a financial state
ment together with a brief statement aet-
ilng fpljh the cause or the Insolvency
aud any other m regarding tho
impaired condition of said bank not set
forth in the financial statement, and snail
mail q copy OF such statement to each
slockhplder and known creditor of such
institution.
Sec. -. Claims-Notice.l The public
eAti5!lrt ShaLl cause notice TO be gym
lIshed within the county in which such
DlnN or rust Compdiy 10 locatea, a. ne
,i'S "',' HctNIy Aol zen conSe'I'''e
weeks, calling on all persons who have
claims against such bank or trust CONF
P1hy, 10 present we same 10 tne pune
eA"HIIIeI anu Ilaht 'eSai PROOF thoi'"i
than the last day Of ton, to be-
l,tIS'u SpccIIitn. me PuniIc tHtiH''.'
Srl'l inah q S'illtar hoIice 10 ~ pet@'hz
MH"S3 names appear as Ileu'loFS upon
me DOCKS OF me panK or tfu.t company.
Auy Ci1'hl not presented MlInlh the iII"t
mIG" Dy SuCa h4Llae snaH pe forever oar
req, PROVIDED however th%t uBoh t"oa
,l,Se tnoWn, the court IN lls dlSGreL'oni
may niIec5 lhe payment OF any, dlVia.ia
or uiViIendS heretofore uect5reo ana Is
tribltod, or SR'h proportion thereof as the
funds then in tho hands of the public
eE'tiLhet heiolS'hS 10 sucI institution Ap,,
iIIomp.e y ,hc pay lIen I O. .IEiuehGS, WI
Such GIalIn De Tor a deposit duly mace III
SJou nahk or LruSt coiIp4ny, the colIl
tIay uuSDt tne puniC S%l"'ner ~ prScIIe
lha money as PROVIDED IN Artlcle 3 or TINS
act and pay the same to the claimant.
II lue pune examiner "Gupls Ihe JUS
lce allu validity OF any clalnl, ne may
reject, the same and serve notice OF such
reJeCtloh upon me cialfnaIt elther py
man or personally. An aIildaNlt or llc
service OF such notlce, Whlch shaii ue
pTlfna facie, evidence thereon, n be
r.. A. ...... =. --It.l .. - go.
Ior the county IN Whlch such pank or
lruSt company IS localea' an actioh upon
in three months after such service.
obJectlohS to any claim not rejected
by the public examiner, may be made by
any any party btSyct inters este by by fii,hg a copy OF
Sucn oplectloh with the publlc examiner
Wlthlh thlrty days AFTER the GATE liked IN
me n0tce TO creators Tor the tins OF
GAINS ana such obJectlons shall De. py
me pubic examiner, forthwith presented
inc circuit court. Sald court shall
Jhereupoh issue us order directing ths
cIllinant 10 snow cause az a tlihe ana
pace therein specitied, why such clalfil
Shouiu NOT pc rejected II upon such
nearing IT shdll appear 10 tne Satlslac-
ION 81 tne Gourt thIe ahe opIeIIons are
Wen ~ounded, such claim shail 10y, proper
2rder OF me court De rejected oy me pun+
nc examiner. II IT appears to the court
t IN sacn objections are not wen found
ol, Lhe court .Shall by proper oTuer, ul-
rect that such claims be paid IN the
regular ADMINISTRATION or the affalrs or
such lnstltutlon;, ana the costs OF me
proceedings shall be tXed by the court,
and upon motion by the owner, OF the
clllm objected 10, atter SIX DAYS no'lG',
Judgment may be, entered against the
person ming sald oolectiohs ana col
,eGtGd In the same manner as other judg-
menus, = voon ,no .uo cvos
up3n tne eXplration or the tLne iEGo
FOR the presentation or claims me puelG
al9 toIlplete llst OF me c,t'hhS PreSslitIi
wien ntVe peyh irItC'c"' a," ne Su1'i
q - -
plete iist or az clalnlS presented ahu al
loWeu other IMAM clalihS OF ueporlloIS;
ana II any or Such cIaln.S are Pt'lsrF.u
cams ne shall SO specify; one copy 10
De tIed IN me OFFICE OF the punIc eN-
anlIher ana 'ne oLner III me one 81 ne
GIeLk Or 'me slICu,i uouil loI 1ne Jo"htS
In which such institution Is located,
sec. ~ pividends AZ any tihle atter
me expiration OF me date fiNen Tor the
presentation OF cta,lns; tne pubic exarn-
,ner may OUT OF the Iunds remalnlhg III
ms hands after the payment OF expenses,
deciare one or more dlvldends, ana AFTER
me eNpiralion OF one year from ,he llTst
publlcation OF the notice 70 creators; ne
may declare a tlnal dividend, such diVl-
dends 10 be PAID 70 such persons, ana IN
such amounts ana upon such nouce' as
may be directed ny the circuit court tor
the county IN whlcn sucn oanK or trust
company IS iocated.
Sec. IL Bividends.Unclaimed De-
posits.l Dividends and unclaimed de.
posits remaining unpaid In the hands OF
me pupllc examiner Tor SIX months a1ter
the order for mai distribution snail be
by MIN deposited In one or more state
banks or trust companies, 10 the credlt
Of the public examiner. In his name of
office, In trust for the several depositors
and creditors entitled fhereto
Sec. y. Payment or claims The
public may pay over the