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Proceedings of the House, 1904
Volume 408, Page 1862   View pdf image (33K)
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1862 JOURNAL OF PROCEEDINGS [Apr. 2

lateral for such loans; the amount invested in real estate,
giving the cost of the same; the amount of cash on hand
and on deposit in bank, or wheresoever else, with the
name of such banks or places of deposit, and the
amount deposited in each, and such other information
as the said treasurer may require; such report shalt
also state all the liabilities of such corporations, the
amount due depositors, which shall include any divi-
dend to be credited to them, and any other debts or
claim against such corporations which are or may be
a charge upon its assets. And the said treasurer may
require that a like report, either wholly or in part, as
the particulars aforesaid, be made to him at any time
by any such corporation aforesaid, within such period
as he may designate. In the case of the failure of any
such corporation to make any report required by law,
the treasurer shall immediately cause the books,
papers and affairs of snub corporation to be examined,
as provided by section 85 G of Article 23 of the Code
of Public General Laws.

"85 B. It shall be the duty of the treasurer, yearly,
either personally or by some competent peason to be
appointed by him, to visit and examine every such
corporation having an office or place of business in
this State, required by section 85 A, to report as afore-
said. The said treasurer and every such examiner
shall have power to administer an oath to any person
whose testimony may be required in the prosecution
of any examination, and to compel the appearance and
attendance of any such person for the purpose of any
such examination, and all books and papers which
may be deemed necessary to be examined by the
treasurer or examiner, by him appointed, shall be
produced; the result of such examination shall be re-
duced to writing, giving a full, true and careful state-
ment of the condition of the institution examined,
which written report shall be filed in the office of the
treasurer who shall file the sabie in a book to be kept
for that purpose. Each corporation having a capital
stock so examined shall pay to such examiner the fol-
lowing sums of money, that is to say :

1. For examining any of the corporations affected

 

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Proceedings of the House, 1904
Volume 408, Page 1862   View pdf image (33K)
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