Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1916-11-01

tribution of the assets of such bank or
trust company, and may retain such Of
ficers or employees of such bank or trust
company Se'h9.a as The; he may sSan de femme, Necessary ssa TIL
examiners in charge, special examiners:
counsel and assistants. such security for
the faithful discharge OF their duties, as
Payment and Ac%counting.l The com
pensation of examiners in charge. spe-
ployes and assistants. and all expenses of
supervision. liquidation and distribution,
shall be fixed by the public examiner
court for the county in which such bank
or trust company is located. or notice to
such bank or trust company, and shall
or trust company in the hands of the
public examiner.
For each and every day that the affairs
I u or trust company may, in the
the personal attention of the public ex-
aminer, his deputy. attorney or any ex-
aminer. the sum of five dollars per day
against the assets of such bank or trust
company, and upon the order of the pub
miner in charge Of such institution. from
the assets thereof to the Department of
Banking and Finance and shall be de-
osited with the State Treasurer and cred
tied to 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 and all necessary expenses
OF such attorney, shall he a proper charge
against the assets OF such institution n
shall be paid and accounted for as herein
provided.
Sec. II. lnventory.l Upon taking pos
session of the property and assets of
examiner shall make an inventory of the
assets of such bank or trust company,
in duplicate, one to be filed in the office
of the public and one in the
office of the clerk. of the circuit court for
the county in which such bank or trust
ompan is located. Such inventory to
stitution. but the Bills Receivable shall
only be noted by number and amount as
appears on the Bills Receivable register
Within thirty days after the taking pos
session of any insolvent bank or trust
compan as herein provided. the public
ment together with a brief statement set
ting forth the cause of the insolvency
and any other information regarding the
impaired condition of said bank not set
forth in the financial statement, and shall
mail Il copy of such statement to each
stockholder and known creditor Of such
Sec; 10. claims-Notice.l The public
by advertisement in such newspapers pub
bank or trust company is located, as he
may direct, weekly for ten consecutive
weeks, calling on all persons who ave
claims against such bank or trust com
pany,. to present the same to the public
examiner and make legal proof thereo!
at "A place and within a time. not earlier
therein the sn last q Of publication. to be
shall mai a similar notice to all persons
whose names appear as creditors upon
the books of the bank or trust company
ANY claim not presented within the time
fixed by such notice shall be forever bar
red; provided, however, that upon goo6
cause s shown, the court. in it's discretion
or dividends heretofore declared and dis
tributed, or such proportion thereof as the
funds then in the hands of the public
pllcable to the m of dividends. will
such claim be for a deposit duly made ii
may direct the public examiner to procur,
the money as provided in Article 3 of thi.
act and pay the same to the claimant.
tie le am! ana p validity a on any d eIsi%' the he mus 5us,
reject. the same and serve notice of sucl
rejection upon the claimant either b,
mail or personally. An affidavit of thu
'N%AA iONASS IAS SIlelA ~
prima facie evidence thereof. shall b.
filed with the clerk of the circuit cour
Tor the county. in which such bank o.
a claim so rejected must be brought with.
in three months after such service.
ob1ections to any claim not rejected
any party interested by filing a copy o
such objection with the public examine
within thirty lays after the date fixed i,
claims, and such objections shall be, b.
the public examiner, forthwith presented
to the circuit court. Said court shall
place therein specified, why such CLAIM
should not be rejected. If upon sucl
t hearing it shall appear to the s%atisfac
well founded. such claim shall by prope
order of the court be rejected by the pub
nc examiner: If it appears to the cour
ed, the court shall by proper order, di
rect that such claims be paid in tn,
regular administration Of the affairs o
proceedings shall be fixed by the court
and upon motion by the owner of tn
claim objected to, after six days notice
person filing said objections and col
Iected In the same manner as other judg
ments
for the presentation of claims the publ,
examiner shall make in duplicate, a full
and complete list of the claims presented
which nave been rejected. and he shal
plete list of all claims presented and al
lowed. other than claims of depositors
and if any Of such claims are preferre'
be filed in the office of the public ex
aminer and the other in the office Of tn,
clerk. of the circuit court for the count!
in which such, institution is located.
Sec. 20. Dividends.1 At any time afte
the expiration of the date fixed for tn,
presentation Of claims. the public exam
iner may. out of the funds remaining il