Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1916-11-02

e. Nay ny the puolic examiner Speci-
the request therefor, from him. Such re-
ports shall be published in a newspaper
In the town in which such bank ia located,
published IN such town the report shall be
published in the nearest town within the
county IN which such bank is located.
where q newspaper is published. If there
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
DupiYIshed. and in the same form as made
to the public examiner. Proof of publi-
cation shall be furnished to the public ex-
Of the aforesaid call.
The public examiner shall also have the
power to call for special reports from any
condition Of such bank.
Sec: 20. Ten Dollars Per Day Forfeit
transmit to the public examiner any of
the reports or proofs of publication as
required or contemplated by this act shall
be subject at the discretion of the public
examiner to a forfeiture of ten dollars
for each day after the time required for
making such reports. Whenever any bank
iaiis OF refuses to pay the forfeiture here
IN imposed for failure to make and trans
mt such report. the public is
hereby authorized to institute proceedings
ZOE the recovery of such forfeiture:
- iSohS oliu " ihS
Observation-Disclosures it 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
bank in permanent form. Any bank
that refuses or .eglpctS TO omen and keen
such books Or accounts as may be pre-
scribed or required by the public exam
dollars for each day it neglects and fails
to open and Keep such prescribed books
and accounts, and the public examiner
is hereby authorized to institute proceed
Sec. %. Making False Statement Made
a Felony-Any banker, officer, director
or employe 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
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 a 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.
See seea %; Refusal To Permit d Inspection On
charge of a bank shall refuse to submit
the books, papers and concerns of such
bank to the inspection Of the public ex-
aminer, 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
to AXE charge of such bank and to wind
up it's affairs.
Sec. "a. Perjury-How Committed
Penalty-Every officer or employe of any
firmation, or who shall wilfully swear or
affirm falsely upon any material matter.
shall be deemed guilty of perjury, and
upon conviction thereof, shall be punished
as provided by the laws Of this state FOR
Sec 25. When Organized as National
Banks-Any bank organized under this
act may r~eorganize under the laws of the
United States as a national bank. AS soon
as such bank shall have obtained the GER
tifcate from the comptroller of the cur
rency, authorizing it to commence bust
ness under the United States banking law,
such reorganized bank shall take and
hold all the assets, real and personal, Of
such hank organized under this act, sub
ject TO all liabilities existing against said
bank organized under this act, at the
time of such reorganization; and shall
Immediately notify the public
of such reorganization and transfer.
Sec, 20. National Banks May Reorgan.
a i1e s5 sfat to B aiaaolvee and na WRieh e eha1i
have taken the necessary steps to effect
dissolution, may reorganize under this act,
upon the consent in writing of the owners
of two-thirds of the capital stock of such
bank, and with the approval Of the pub.
lie examiner. Such stockholders shall
make, execute and acknowledge articles
and shall set forth the said written con-
sent of such stockholders. Upon the filing
of said articles, as provided via by ,, this act,
aminer, such bank shall be deemed to be
reorganized under this act. and thereupon
al assets, real and nc p personal sn Q 10 Of s sueh d' IS
and be and become the property Of such
reorganized bank, subject to all liabilities
Of such national ban; not hauidated be-
Sec. ~. Consolidat ton of Banks-Con-
sent Necessary-A bank. which is in good
faith winding up its business may Tor
bank in the same town by transferring
it's resources and liza bilities to such bank
W t;on M brt no IT co is III PrGeess shah "a eq be- made
without due notice in writing of such in
%tention, to the public examiner, and not
been made by him and his consent in
writing obtained, provided that in no case
may a bank consolidate for the purpose
of defeating or d%efrauding any of the
debts, or either of them.
Sec. %. Voluntary Liquidation,-Dissoo-
date by paying off all of its depositors in
full, and upon filing a certified statement
with the public anime setting forth
the fact that all its liabilities nave been
paid; provided, however, that if any liza
bilities of such bank remain unliquidated
and the person or persons entitled to re-
ceive payment thereon have not been To-
Gated, the bank shall publish notice for
ten consecutive weeks, in some newspa-
per published in the town or county in
which such bank is located, to the cred
itors thereof, of it's intention to liquidate
and if any liabilities remain unliquidated
subsequent to such publication Of notice,
such bank shall file with the public exam
iner a certified list of the names and last
known addresses of such persons entitled
to receive payment thereon, and shall de-
post with the public examiner a sum
which it shall be considered that such
liabilities nave been liquidated. The funds
SO received by the public examiner shall
be handled in the manner prescribed for
making disposition Of unclaimed deposits
or dividends in insolvent banks.
Any corporation transacting a banking
business under this act may be dissolved
by the circuit court Of the county. in
which it's place of business is located. in
the following manner: A verified petition
shall be filed in the office Of the clerk OF
said court. signed by the president or a
49, "a 49, cka11,h412a-o ~aoracort{o~