Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1916-10-26

bank, at the close Of the business OF any
pa. day by the public examiner speci-
net within five days after the receipt of
the request therefor, from HIM. Such re-
ports shall he published in a newspaper
IN the town in which such bank is located,
PROVIDED that In case no newspaper is
published in such town the report shall be
published in the nearest town within the
county In which such bank is located.
be no newspaper published within the
county in which such bank is located,
then such report shall be published at the
nearest town within an adjoining county
within the state, where a newspaper is
published. and in the same form as made
to the public examiner: Proof of publ
aminer within fifteen lays after receipt
Of the aforesaid call.
The public examiner shall also have the
power to call for special reports from any
bank whenever in his judgment the same
Condition Of such anil HI" l''S '' '"S
See; 20. Ten Dollars Per Day Forfeit
ure-Eyery bank failing to make and
TRANSMIT to the public examiner any of
the reports or proofs of publication as
required or contemplated by this act shall
examiner to a forfeiture Of ten dollars
for each day after the time required for
making such reports. Whenever any bank
in imposed for failure to make and trans
nit such report, the public examiner is
hereby authorized to institute proceedings
iOf. the recovery OF SuCn 1O'1elture.
Sec. II. Books and Accounts-Forms
observation-disclosures 1t shall appear to
the public examiner that any bank does
not keep books and accounts in such man
ner as to enable him to readily ascertain
the true condition Of such bank, he shall
have the power to require the officers or
any of them to open and keep such books
or accounts as he may in his discretion
determine and prescribe for the purpose
of keeping accurate and convenient rec
ords of transactions and accounts Of such
40 N J, Any =, N,,t fDn,,, ny hnno l.
that refuses or aeglects to open and keep
such books or accounts as may be pre-
scribed or required by the public exam
inen snail be subject to a penalty Of ten
dollars for each day it n~eglects and fails
to open and Keep such prescribed books
and accounts, and the public examiner
ings for the recovery of such forfeiture.
Sec. %. Making False Statement Made
a FTelony-Any banker. officer. director
or employee of any bank who shall sub
scribe to or make or cause to be made,
any false statement or false entry in the
books OF any bank, or shall subscribe to
or exhibit false papers, with intent to
deceive any person or persons authorized
to examine into the affairs Of said bank,
or shall make, state or publish any false
report or statement of any such bank,
shall be deemed guilty of n felony and
upon conviction thereof shall be punished
by a fine not to exceed five thousand dol
lars, or by imprisonment in the state pen
itentiary not to exceed ten years. or by
both such fine and Imprisonment in the
discretion OF the court.
Sec. %. Refusal To Permit Inspection
Effect Of-Whenever any officer in
charge of a bank shall refuse to submit
the books, papers and concerns of such
bank to the inspection of the public ex-
anliner, his deputy, or examiner appointed
hereunder. or refuses to be examined on
oath touching the concerns of the bank,
the public examiner is hereby authoriZed
Sec. "a. Perjury-How Committed
Penalty-Every officer or employe OF any
firmation, or who shall wilfully swear OF
affirm falsely upon any material matter
shall be deemed guilty of perjury, ant
as provided by the laws of this state TO,
the punishment of perjury.
Sec %. When Organized as Nationa
Banks-Any bank organized under this
act may reorganize under the laws of the
United States as a national bank. AS soor
as such bank shall have obtained the GER
rency, authorizing it to commence bust.
ness under the United States banking law
such ~reorganized bank shall take ant
hold all the assets, real and personal. Of
such tank organized under this act. sub.
ject to all liabilities existing against sale
bank organized under this act, at the
time of such reorganization: and shall
Immediately notify the public examiner
of such reorganization and transfer.
Sec. 26: National Banks May Reorgan,.
authorized to dissolve. and which shall
have taken the necessary steps to .effec'
dissolution, MAJ reorganize under this act
of two-thirds of the capital stock of sucf
bank, and with the approval Of the pub,
lie examiner. Such stockholders shall
make, execute and acknowledge article:
and shall set forth the said written con,
sent of such stockholders: Upon the filing
and upon the approval of the public ex.
aminer, such bank shall be deemed to b.
reorganized under this act, and thereupoI
all assets, real and personal, Of such dis.
and be and become the property of sucl
reorganized bank. subject to all liabilitie:
of such national bank not liQuidated be.
fore such reorganization.
Sec. 81. Consolidation of Banks-Con'
sent Necessary-A bank, which is in goot
faith Winding o up It's business b gi n 4s IN may vi TO- Q;
bank in the same town by transferring
its resources and liabilities to- such banl
ton, but no consolidation shall be made
without due notice in writing OF such in,
t%ention, to the public examiner, and no
then until a thorough examination ha!
been made by him and his consent il
writing obtained, provided that in no case
may a bank consolidate for the purpose
creditors thereof in collection of theil
debts, or either of them.
Sec. %. Voluntary OBSERVATION-DISCLOSURES
date by paying off all of it's depositors il
full, and upon filing a certified statemen
with the public examiner setting forti
the fact that all it's liabilities have beer
paid; provided, however, that if any liza.
bilities of such bank remain unliquidatet
and the person or persons entitled to re.
ceive payment thereon nave not been 10.
Gated. the bank shall publish notice fo1
ten consecutive weeks, in some newspa
per published in the town or county il
which such bank is located, to the cred.
itors thereof, of it's intention to %liquidatt
and if any liabilities remain unliquidatet
subsequent to such publication Of notice
SIGH bank shall file with the public exam,
liner a certified list Of the names and las
Known addresses of such persons entitled
to receive payment thereon, and shall de.
post with the public examiner a sun
sufficient to liquidate such liabilities, aftel
which it shall be considered that sucf
liabilities nave been liquidated. The fund.-
30 received by the public examiner shall
be handled in the manner prescribed FOL
making disposition of unclaimed deposit.
or dividends in insolvent banks.
Any corporation transacting a banking
business under this act may be dissolved
BY the circuit court of the county IL
which its place of business is located, II
the following name A verified petition
shall be filed in the office Of the clerk o
said court. signed by the president or {
majority Of the board OF directors, set