The Monte Vista journal., 1919-06-14

WO0 oA0uet0p
te'es. ps~stssas y peaalty fue sAs
vsSsessoe ehrsros asd u rvDae, MI
Wtlh.
nE IT ORDAINED BY TINE cry
COUNCIL OF THE CRY Oc
MONTE VISTA;
section !, That II shall b, un,sv.
'u' W the City 81 Monte Vista To ,.,l
" ohor Tor sale any fictitious. fraud.
o'~h'. rake or spurious stock of nny
corporation OF association and II
shall alao be uniawfu TO falsely ron
resent or To make misleading .,a,..
meats concerning III. value ~ 80
stock or to falsely represent or NAL.
%'s'c"dine statements concerning III.
character. title or vaiac ~ tn. prom
'ItS OF any corporation or any asrori.
alton when selling or Offering for sal.
stocks OF such corporr ,ioa or an.ocla.
ton In sai! City Of Monte Vista.
scction 2. That u shall b.. unlaw.
tui Tor any person. either rs princl.
pal or IN gent for another to carry
on the business OF u stock broker
Will In the City OF Monte Vista. with.
out hrst obtaining u license therefor.
~ herein rcqui, ed.
Section !. That every person WIN
Tor . compensation or commission
shall be engaged In selling or pur.
CHASING or negotiating IN. cal. or
purchase OF stock or securities In
private corporations or association,
belonging to others. shall be deemed
= stock broker.
Section 4, That the word person
~ herein used shall include CORPORA.
tons and copartners,,ips as we'll ms
individuals.
ction s. That every person who
may desire to engage In the business
II stock broker In the City of Mon.
- Vista shall file with the city clerk
his written and signed application for
I license. addressed to the Mayor
and City Council stating the resi-.
icnce and address OF the applic: nj
the members composing his firm and
their addresses II the application be
Tor u copartncrship aad the names
ana addresses OF the ofi1c,rs and d.
rcctors OF applicant II the applicant
ne . corporation. or association. Such
application shall also furnish in
ormation rs to the character and In
teGrity Of the applicant and shall
agree TO furnish such other and
further information as respects the
applicant and his propo sed business
~ the Mayor and City Council shall
require.
Section s. All such licenses shall
be Issued and signed by the city clerk
BY and with the advice and consent
II the Mayor or majority Of the
members Of the City Council. upon
payment In full In cash OF the
amount OF TIE license fec herein pro-
vided for and the further sum Of 80
ccnts as a fee for the city clerk for
! issuing the same. No license shall be
transferable except upon special per-
mission OF TIE city council and may
be revoked or suspended at any time
for good caurc. The Mayor and City
Council shall have the right to re-
fuse to issue such license IL they find
such person. firm or corporation. or
the officers OF such corporation are
rot u At or suitable person. firm or
corporation to conduct such business.
Section Z. The License fee for a
stock broker shall be the sum OF
Twenty-Five Dollars ($25.OO) for the
first Calendar Month or fractional
part thereof: and the sum OF Ten Dol
lars $4,000 for each and every
continuous. succeeding and subse-
quent calendar month. payable on the
first day OF such month, unless the
,ame shall be Sunday or Holiday In
which event such License Fee shall
he paid on the week day next pre-
ceding such Sunday or Holiday, and
License for such Calendar Month be
issued therefor, and In the event such
License Fee be not paid as herein pro-
| vided. License shall be applied for as
in the first instance.
Section s. The city clerk shall
Keep license "ccord In which shall
he entered the name OF each and
very stock broker licensed. the
late OF such liceDcc, the amount
paid therefor and the date o, ex-
| piration.
Section .. II 1t shall be made to
appear to the Mayor and City Coun-
ell that any person. firm or corpora
| ton licensed under the terms OF this
ordinance Is selling or Offering for
sale or advertising any fictitious.
fake. or spurious stocks Of any corp
Grafton or association, or is falsely
representing or making misleading
statements concerning the stocks OF
any corporation or association. or
concerning the property which such
stocks represent, while having the
same for sale or while Offering or
selling such stocks, then the Mayor
| and City Council after notice and
hearing, shall have the right and 1t
shall be their duty to suspend or re-
woke the license issued to such per
son. Arm or corporation under this