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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Jan. 22, 1909)
f0 Soll The Commoner. VOLUME 1), NUMBER 2 . '- 14 t i M , vF -it t ? m i !' w-. I yk;' ; ! ,! ,Jt Ws fc. j V r" ft tho commissioner may rovoko the au thority of hucIi bank to transact a hanking business, and proceed to wind up ltd business. Section 3G. Any ofneor of any hank wlioso authority to transact a hanking business has been revoked as heroin provided, who shall receive or causef to bo rocoived any deposit of whatsoever nature after such rev vocation, shall bo subject to the same penalty provided for persons trans acting a hanking business without authority. Section 37. A bank may pur chase hold, and convey real estato for tho following purposes: First, such as shall bo necessary for tho convenient transaction of Its busi ness, Including Its furniture and fix tures, but which shall not exeded Throw Away That Truss II Ih No Longer NeccMWiry for Ruptured 1'conlo to Suffer the Torture of Hard FiuIk mid Unyielding TniNHCNi I Kixirnntee IiiMinnt Relief nnd n Rn tlomil, l'uliileNN mid lQffeetlve meth od of Treatment or No Pay Pooplo who nutter from rupture, no mutter what kind, of how long stand ing, or how painful and obstinate It Is I Want No Drnn'.i Money If I "-nnot Reneflt Him. C. 18. IlrookH. or has boon, nood Buffer no longer from the, pain and torturo of hard, unyield ing trusties and pods. Tho treatment I havo discovered and used sueecHRfuiiv for years gives Instant relief and often cures In tho first fow months. This is not a courso of treatment that costs you money month after month. I send you for a reasonable prlco (less than you usually pay for a truss) my treat ment, with tho distinct understanding and guarantee that If, after using it, you aro hot entirely satisfied with It, you return it and overy cent of your monoy will ho refunded without ques tion or quibble. I havo done business on this plan until now there aro thou sands of peoplo all over tho United blatca who aro glad to toll you about my treatment nnd that I keep my word always. Any banker or himina mnn !!' K, aZ'u SArS slmlt be composed ot the go? miu, uu iiiuiiui- wiuii Kinu, or now old or how young you are, I can help you, nnd It -yill not cost you a cent if niy help Is not entirely satisfactory. You tako nb risk. Wrlto today. Let mo teU you all about, my success and my methods of business. O. M. Ilrookw, 8823 11 rooks Illdg., MnrNhull, Mich. one-third of tho paid in capital; second, such as shall 'be convoyed to it in satisfaction of debts previously contractod In tho course of its busi ness; third, such as It shall purchase at sale, under judgment, decree, or mortgage foreclosures under securi ties hold by it; but a bank shall not bid at any such sale a larger amount than enough to satisfy its debts and costs. Real estato shall be conveyed under tho corporate seal of the bank and tho hands of its president or vice president and cashier. No real es tato acquired in the cases contem plated in tho second and third sub section above shall bo held for a loiiKor time than five years. It must bo sold at a private or public sale within thirty days thereafter. Section 38. Tho shares of stock jf an incorporated bank shall be doomed personal property, and shall be transferred on tho books o'f tho bank in such manner as tho bylaws thereof may direct, but no transfer of stock shall be valid against a bank or any creditor thereof so long as the registered holder thereof shall bo liable as a principal debtor, surety, or otherwise, to the bank for any debt, nor in such cases shalL any dividend, interest, or profits be paid on said stock so long as such lia bilities continue, but all such divi dends, interest, or profits shall be retained by the bank and applied to tho discharge of such liabilities, and no stock shall be transferred on tho books of any banks where the regis tered; holder, thereof is in deht to the bank' for any matured and unpaid obligations. Section -39. It shall be unlawful for any bank to loan its funds to its stockholders on their stock . as col lateral security; and the total 'in debtedness of the stockholders of. any incorporated bank shall at no time exceed fifty per cent of its' paid up capital; Provided, That any bank may hold Its stock to secure a debt previously contracted. Section 40. For the purpose of carrying into effect the provisions of this act, the bank commissioner shall provide a form , for the necessary blanks for such examinations and re ports;' and all examinations and re ports received by him shall be pre served In his office. - Section 41. Every officer or em ploye of a bank required by this act to tako an oath or affirmation who shall wilfully swear or affirm falsely shall be deemed guilty of perjury, and upon conviction thereof shall be punished as provided by the laws of this stato in case of perjury. ARTICLE TWO Section 1. TllO Stato hnnlMm.- bKCUKKI) OK FHE ICKTUKNISI) PATENTS Vrco report n to Pntontnblllty. Illiutnitod Oulil 1 i;?liina Mst of iHvonttons Wanted, sontrroa. KVAN8, WILKENS & CO., Waililnito ii. C. t "M "W"i J pJ FENBEVNFSZ bironp? cuicfc" on-tlRht Bold to thouoor at WkoleitU Vrltt i. Wk ry VrtlgUU Catalogue troo. tSSJV0 8PRINQ FENCE CO., Box m Wlnohatter. Indians. sthm; eurod linforn vmi mv t Si wlh" po'l nnv sultorcr n k lioltlnnrLANK'M ASiTH- REE ?rA C1UK1J. if It euros you send mo " JI.00. if it does not. ilmiV niv'.v i" tjross olH.e.0. Aiklirss 1). J. LAN IS, Uox L. C. ft, Alnry'd, lCunsim. FREE TEST TREATMENT llnve ou lost faith In doctors aud medicine? If so. lot mo convikhm f you that my system of Troatmont will V3T euro, bond mo n 8-unfilo of mornim urino for oxnmlnatlou nud I will send you a diagnosis of your caso and ono week's treatment Troo. Mailing caso for urlno sout on receipt ot four cents for postngo. Uoolton Urlnonatliyrree J. r. bllAftK, M. D.,UririopaihW, -11 Pcnn Ave., Plttsburc, Pa. I ornor, the lieutenant governor, the president of the board of agriculture, state treasurer and state auditor. Said board shall have the supervision and management of the depositors guaranty fund, hereinafter provided f ?,r' a.ndt ,sha11, have nower to adopt all suitable rules and regulations. not inconsistent with law. for thn m agomont and administration of same Section 2. The stnto hn-nin boardr shalL-.levy agalnstr the capital stock an assessment of ono per cent of the bank's daily average deposits, less the deposits of the United States and state funds, if otherwise secured for the preceding year, upon each and every bank and trust company organized or existing under the laws of this state, for the purpose of cre ating a depositors guaranty fund. Said assessment shall bo collected upon call of the stabaiiking board In ono year from the time the first assessment Is levied, and annually hereafter each bank and trust com pany subject to the provisions of this act shall report to the bank com missioner the amount of its average dally deposits for the preceding year and if such deposits are in excess of the amount upon which one per cent was previously paid, said report shall be accompanied by additional funds to equal ono per cent of the daily average excess of deposits less the deposit of state funds if otherwise secured and less the deposits of the United States government for the year over the preceding 'year, and each amount shall be added to the depositors guaranty fund. If the de positors guaranty fund is depleted from any cause, It shall be the duty of the state banking board, in order to keep said fund up to on& per cent of the total deposits In all of the said banks and trust companies sub ject to the provisions of this act, to levy a special assessment to cover such deficiency, which special assess ment shall be levied upon the capital stock of tho banks and trust com panies subject to this act, according to the amount of their deposits as reported in the office of the bank commissioner. And such special asr sessment shall become immediately duo and payable. Section 3. Banks and trust com panies organized subsequent to the enactment of this act shall pay into the depositors, guaranty und, three por cent of the amount bf their capi tal stock when they open for business which amount shall constitute a credit fund, subject to adjustment en the basis of its deposits as provided for other banks and trust companies now existing at the end of one year; Provided, however, Said three per cent payment shall not be required of ' new banks and trust . companies formed by the re-organlzation or consolidation of banks and trust companies that have, previously pom-, piled with the terms of this act. ( Section, 4. Any national bank in this state annroved bv the bank finm- 'mlssloner may voluntarily avail Its, depositors of the protection of the. depositors guaranty fund, by. applica tion tc the state banking, board,, in writing, and the said application may be sustained upon terms and condi tions In harmony with the purpose of this act, to be agreed upon by the state banking board and the bank commissioner; Provided, That in the event national banks should be re quired by federal enactment to pay assessment to any depositors .guar anty fund of the federal government, and thereby the deposits in national banks in this state should ha crnnr- anteed by virtue of federal laws, that tho national banks haviner avjiilod themselves of the benefits of this act may withdraw therefrom and have returned to them ninety per cent of the unused portion of all assessments levied upon and paid by said banks. Section 5. Whenever any bank or trust company organized or existing under the laws of this state shall vol untarily place Itself In the hands of the bank commissioner, or, whenever any judgment shall be rendered by a court of competent jurisdiction, ad judging and decreeing that such bank or trust company is insolvent; or whenever its ricrhts or frnnnhfaoa to conduct a banking .business under the laws of this state shall have been aajuaged to be forfeited, or when ever the bank; .commissioner shall be come satisfied of the insolvency of any such bank or trusfcbmpariy, he amy, mter aue examination of its affairs, take possession of said bank or trust company and its assets, and proceed to wind up Its affairs and enforce the personal liability of the stockholders, officers and directors. Section 6. In the event that the bank commissioner' shall take pos session of any bank or trust company which is subject to the provisions of this act, the depositors of said bank or trust company shall be paid in full, and when the cash available or that can be made immediately avail able of said bank or trust company is nsufflcient to discharge Its obli gations to depositors tho said bank ing board shall draw from the de positors guaranty fund and from atl- ?. ditlonal assessments, if required, as -provided in section two, tho amount necessary to make up the deficiency -and the state shall have for the bene fit of the depositors guaranty fund a first Hen upon tho assets of said bank or trust company and all liabilities against the stockholders, officers, and directors of said bank or trust com pany arfd against all other persons, corporations, or firms. Such liabili- J ties may be enforced by the state : for the benefit of the depositors guar anty fund. Section 7. Th'e bank commissioner shall take possession of the books, records and assets of every descrip tion of such bank or trust company collect debts, dues, and claims be longing to it, and upon order of the district court, or judge thereof, may sell or compound all bad or doubtful debtsj and- on; llko' order-may 'sell' ull - the real or personal, property of ,'juclr bank or trust company upon such terms as the court or judge thereof may direct, and may, it necessafyy pay tne debts of such bank or trust r company, and- enforce the- liabilities? or ine stociciiolders, officers'- and di--' rectors; Provided, however; that harb or doubtful debts as used in this sec tion shall not include the liability of stockholders, officers, or directors. Section 8. The bank commissioner shall deliver to each bank or trust company that has compiled with the provisions of this act a certificate; stating that said bank or trust com- .p.afty has: complied with': the viawsof- - this state for the protection of 'j.ink depositors, and that safety to its de-fiH positors is guaranteed by. the4epo3i-5. tors guaranty fund of the state' of uiuanoraa. such certificate shall bn -conspicuously displayed in its place ot business and said bank or trust company may print or engrave upon its stationery and advertising matter words to the effect -'hat its deiiosi-" tors are protected Ijy the depositors guaranty fund of the state of Okla- rr rr --. Nervous Disordfeirk include all affection1 of tho firain spinal cord and nerVeS: they Uft' rdlSfty!10' "-. Malady Also lVnnlrnlin NT.JT ii- . 1 i-jar, Dances E5ileDVyr'and,'.ffili iff from a weaknfis,nf v. J..-Ji!-1 m.X' "-""". iviuney, i3ladderiJJ otb ' L ."."" vu UI.y. oi. these allmivhrs - , ' " 1.UI iTll,? :.,m: . your ncrvos are aitootffa, and yiWood K? Sf'jSSSW? wmg FY. lWM n . '".. r oua ;r. x-i. ivxiidb rvestonative INervme' ?,KC"Se H recototf orn out'irWv'G v tti$w&&58tm "My son when 17 vonr ri,i i, , lopsy; could not atSd I sSioo P ? mS"F, th0 faIluro Physic iaiti' months he regained n&fect hoaufcJ& Dept. Co. ClerifinJPSg,.... The first bottle wjjhenoflf: 'ii nt tho druggist will re&rrygur', && UB?nSf a&SSE Ls.'.T6-he exiruriv.- S?rCtta rV cents Ca"wCorSd p'ffW aertlon tho lowpsr mtn i. i. .school and churches GroSJ i hIffh '30 to 50 buahni wv.'-rro0npl ".?8s cor acre; $90 per acre: Address t Prr ' Bahr, Eagle, Neb. u"ress T. J. TOR SALE ONE" 6ft THE BPiq" Llnffk SiT8 In NbbrasIcaFot a bar? l gam if sold soon,. Pivo and It lYrnr miles from Poirbury Nhr ,..?& edy for 20 years ; not a cancer nasto a. soothing lotion 'that will euro. hi Link Remedy Co., Kansas City, Kan. l..Ji.jtfl' vi". .' 'V " ' -"TYtmiMi mm urn nil iir,twiimiwaWMM -'j11 ;" J fDttiL Jn 61,; a