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Soll
The Commoner.
VOLUME 1), NUMBER 2
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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hanking business has been revoked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.
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