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Session Laws, 1912
Volume 370, Page 385   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 385

36. An abbreviated statement as of date the last day of
December of each institution so reporting shall be published
during the month of January in each year, in one or more
newspapers in the city or county in which the institution is
located over the names of president and treasurer. This state-
ment shall show: Amount of deposits received during the year,
amount of interest and dividends received, amount of deposits
paid out, including interest; amount of expenses paid, amount
of taxes-paid, amount of premiums and other charges, book
value of' total amount of bonds and stocks owned, amount of
loans on collateral, amount of loans on real estate mort-
gages, book value of building occupied .by the institution;
if any; book value of other real estate owned; cash on hand
and on deposit in banks and trust companies, amount due
depositors, amount of guarantee funds and undivided surplus,
number of deposit accounts opened, number of deposit accounts
closed, number of deposit accounts existing.

57. Any officer, director or employee of any banking insti-
tution who shall wilfully and knowingly subscribe to or make
or cause to be made any false statement or false entry in the
books of any bank, trust company or savings institution, or
shall knowingly subscribe to or exhibit false papers, with the
intent to deceive any person or persons authorized to examine
into the affairs of said bank, trust company or savings institu-
tion, shall be deemed guilty of a felony, and upon conviction
thereof shall be punished by a fine of not more than five thou-
sand dollars, or by imprisonment in the State Penitentiary for
not more than ten (10) years, or by both fine and imprison-
ment, in the discretion of the Court, and also any officer, clerk
or employee of any institution subject to the provisions of this
act who shall accept a deposit, when said institution is known
by him to be insolvent shall be deemed guilty of a misdemeanor
and upon conviction thereof shall be punished by imprisonment
in the State Penitentiary for a period not more than three
years.

64. It shall not be lawful for any bank on trust company
doing business under the provisions of this act to loan to any
of its officers, directors, clerks or employees, any of the funds
of said institution, unless the same shall have been authorized
by a resolution of the board of directors, the same to be
recorded, or unless said loan be secured by responsible indorse-
ment or sufficient collateral security (the provisions of this
section shall be subject, however, to the provisions of section
63 of this act).
13

 

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Session Laws, 1912
Volume 370, Page 385   View pdf image
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