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

holder q IN any manner interested i,
81 the public examiner, deputy, attorney
examiners, special examiners and clerk
snaii PC paid monthly by the state. gu
The salaries Of clerks which snail be PAL.
rom the public examiners Contingent
Fund, upon vouchers countersigned by tn
staie auditor. Vouchers for the deputy's
attorneys, examiners. special examin
ers'. and clerks salaries must first b.
approved by the public examiner.
All actual and necessary expenses o
said public examiner, deputy, attorney
examiners, special examiners, OF clerks
incurred In the discharge of their duties
shall be paid. by the state and shall b,
Iuily itsmized upon proper vouchers ans
the state auditor shall Issue his warran'
and the State Treasurer shall pay thu
mount Of such expenses out Of the public
examiners Contingent Fund
Within fifteen days from the notice
of their appointment respectively, tn.
public examiner, deputy, attorney. x.
q subscribe the oath Of office pre-.
scribed by the constitution, and each shall
give to the people Of the state a surety
sompany bond cond,,, to 5e a Z s by the
discharge Of the duties OF their respective
offices. In the following sums to-wit:
The public examiner, twenty-five thou
twenty-five thousand dollars; the attorney.
ten thousand dollars; the examiners, ten
thousand dollars; and special examiners,
thereon to be paid out of the public ex-
aminer's Contingent Fund. Said oaths OF
office and bonds to be filed with the sec
rotary of state.
Sec. 4. Seal-The public examiner
shah have a seal of the office containing
the words Public Examiner of South
Dakota" In the form OF a circle. and the
word Seal within the circle.
Sec. s. Powers Conferred on the Pub
lie Examiner.l 1t shall be the duty OF
the public examiner. and he shall have
he power by himself, his deputy. or by any
examiner ne may appoint for hat pur-
year. the cash, bills. collateral. securities.
books OF account, condition, and affairs Of
each bank and trust company doing BUSH
ness In this state. except national banks,
or trust company transacts it's business
at the place designated in the articles OF
incorporation, and whether its business is
conducted in the manner prescribed by
Law.
Eor such purposes. he may issue sub
poefas requiring the attendance ut sue
time and place as he may designate, of
any witnesses he may deem necessary TO
such banks or trust companies; administer
oaths and examine such witnesses under
oath, touching the affairs and business of
sucn institutions; and may require for his
inspection the production OF the original
or copy of all mortgages, collateral
pledges, and evidence of the recording or
filing thereof as the case may be. In
case of any refusal to obey a subpoena
issued in accordance with the above pro-
visions, such refusal shall at once be re-
ported TO the circuit court of the circuit
the said court shall enforce obedience to
such subpoena in the manner provided by
law for enforcing obedience to the sub
poenas OF said. court. A witness fee Of
4 MN - re w cnr -Jnu - nd ft"a ,..t,t g nnt,
mile for each mile actually and necessa-
rily Travelled, shall be paid to each wit
ness and such fec and mileage shall be a
proper charge against the assets of such
institution, payable thorefrom Immediate
iy, upon the order of the examiner.
The public examiner shall examine Or
cause to be examined, any bank or trust
company, when requested SO TO do by the
board of directors of such bank or trust
company and when an examination Is
made upon such request, in addition to
expenses in connection Herewith.
Sec. 6 Fees for Examination.1 Each
and every bank trust company shall
dredth part of one per cent. of the gross
amount of the assets of such bank or
trust company, for each and every regular
examination. Provided, that the examina-
ton fee of any bank or trust company
shall not be less than ten dollars, and
provided further. that If the condition Of
amy bank or trust company is such, in the
judgment of the public examiner. as to
make more thai two examinations neces-
sary or advisable In any one year.. then the
expense in connection with such special
examination shall also be paid by such
bank or trust company in addition to the
regular fee; and, provided further, that
banks located off a line of railroad shall
pay for each and every regular examina-
ton. an additional charge of twenty cents
for each mile such bank or trust COM
pan is distance from the nearest railway
station.
For the examination required to be
made, before o bank or trust company.
may open for business. a fee of twenty
five. dollars shall be paid, and in case
such bank or trust company is located off
q line OF railroad. an additional fee Of
twenty cents for each mile such bank or
trust company Is distant from the nearest
railway station.
Following each examination. the public
examiner shall render TO the bank or
fee. which fee hall be at once paid to
the public examiner who shall issue a
receipt in triplicate therefor: one OF said
receipts shall be delivered to the bank
or trust company so paying the fee, the
duplicate receipt shall be forwarded to
the state treasurer, n the triplicate re.
ceipt shall be filed In the office Of the
paid. the public examiner shall maintain
an action therefor against such bank or
trust company. and shall be entitled to
recover interest thereon at the rate OF
ten per cent. per annum from the date of
such examination,
Sec. Z. Record Of Fees.l 1t shall be
the duty OF the public examiner to keep a
record OF all fees collected by him or his
deputy. together with a record OF all ex-
penses incurred in making the examina.
ton OF all banks and trust companies
and at the end of each month pay over
to the state treasurer. all fees collected
during the preceding month: and he shall
file with the state treasurer; an itemized
statement showing from whom collected
Sec. s. Not to Disclose Information
The public examiner. his deputy. at
torneys, examiners. special examiners,
examiners In charge and every clerk In
his department shall be bound by oath
to keep secret all Of the facts md tnfpr.
nation obtained In the course OF such
examinations. except SO far as the public
duty Of such officer requires him to report
upon or take special action regarding the
Affairs OF any hank or trust company and
when called as o witness In any
proceedings in a court Of Justice. II any
public examiner, his deputy. attorney, ex.
Ar1lffers. special examiners. examiners in
cha-ge. or clerks In such department.
shall. disclose the name OF any debtor Of
p bank or trust company, or shall dis
close any fact obtained ! the course Of
his examination Of any bank Or trust
my. except 10 herein provided he
sefa3l be subject. upon conviction thereof.
Sto q forfeiture OF his Office and I D the
payment 0fsA fine OF not less h one
hundred dollars norsmore than one thou.
sand fdOllara. NJ lFnURinnnmenf IN this nfafa