in cases of insolvency; and every director or manager of a banking company, who may participate in or assent to such violation, shall become individually liable for all its debts and obligations.

302. Agencies in New Orleans.-Every banker and banking company out of the city of New Orleans, doing business under this act, and issuing circulating notes as herein authorized, may keep an office or designate an agency in the city for redemption of their notes. The appointment of such officer or agent shall be made in writing, and filed with the Auditor, and in the office of the recorder of mortgages in which the charter is filed. But nothing herein contained shall be so construed as to authorize such banker or banking company to refuse to redeem its notes at the counter of the principal bank.

303. Supervision, Inspection, Statements.-The State Treasurer and Secretary of State shall supervise the execution of this act, and possess all the power and perform all the duties which are conferred or imposed upon them by the laws in regard to incorporated banks. They may examine the affairs of bankers and banking companies doing business under this act, whenever they may deem it necessary to do so, and shall require from them weekly statements, verified upon oath by the banker and his cashier, or by the president and cashier, which weekly statements shall give the following particulars of the affairs of the bank:

1st. Capital paid in. 2d. The amount of stock deposited with the Auditor, with a list of the same, and the rate at which they were received for circulating notes. 3d. Amount of investments in real estate. 4th. Amount of investments on loans having longer than ninety days to run, distinguishing whether on mortgage or otherwise, or loans on stocks, and what stocks. 5th. Suspended debt and protested paper. 6th. All other assets not realizable in ninety days. 7th. Loans on paper maturing in ninety days. 8th. Exchange, domestic and foreign. 9th. Deposits. 10th. Circulation. 11th. Other cash liabilities. 12th. Specie and cash assets, stating each item separately.

See Act 86, 1882. Quarterly statements.

Printed infra.

Act 91, E. S. 1877, p. 129.

To provide for obtaining and publishing reports of banks, banking and saving institutions, and trust companies, organized under the laws of the State of Louisiana, and prescribing the form thereof; fixing penalties for non-compliance therewith; defining the rights and duties of the State Treasurer, Attorney General, State Auditor; also the rights of stockholders and creditors, and the duty of the General Assembly in relation thereto.

SECTION 1. That each and every banking institution located in the parish of Orleans, and organized under the laws of this State, and not coming within the provision of Act number one hundred and sixty-six, approved March fifteen, one thousand eight hundred and fifty-five, entitled "An Act to establish a general

system of free banking in the State of Louisiana," shall make a report in duplicate to the State Treasurer showing the condition of said bank or banking institution at the close of business on the last Saturday of every month; said report to be verified by the oath or affirmation of the president or cashier and two of the directors of said bank or banking institution, will be delivered to the State Treasurer on the morning of the first Tuesday of every month. The State Treasurer will cause said statement to be published in the official journal on the first Wednesday of every month, and the cost of said publication shall be collected from said bank or banking institution by the said official journal.

SEC. 2. That any bank or banking institution neglecting to transmit its report to the State Treasurer on the day specified in section one, shall be subject to a penalty of thirty dollars for each day's delay, which penalty may be collected by a suit to be brought by the Attorney General, upon the written request of the State Treasurer, before any court of competent jurisdiction, and all moneys collected for penalties under this section shall be paid into the treasury of the State at credit of general fund.

SEC. 3. That all banks and banking institutions located outside of the parish of Orleans, organized under the laws of this State and not operating under the provisions of Act number one hundred and sixty-six, approved March fifteen, one thousand eight hundred and fifty-five, shall make a report at the time and in the manner prescribed in section one, and said report shall be mailed on the first Tuesday of every month to the State Treasurer, and said bank or banking institution shall cause said report to be published on the second Wednesday of every month in a newspaper published at the place where the bank or banking institution is located, or if there be no newspaper in that place then in the newspaper published in the place nearest thereto. Any bank or banking institution failing to comply with any of the provisions contained in this section shall be subject to the same penalty mentioned in section one; such penalties to be collected by a suit to be brought by the Attorney General, at the written request of the State Treasurer, at the seat of government, or before any court of competent jurisdiction in the district wherein such bank or banking institution is located, by any of its stockholders or creditors, and all moneys so collected shall be paid into the Treasury of the State at credit of general fund.

SEC. 4. That banks, trust and savings banks and other banking institutions. having capital stock and not operating under Act number one hundred and sixtysix. approved March fifteen, one thousand eight hundred and fifty-five, shall make their report in the following form:

Report of the condition of the Louisiana, at the close of business on the

at

of,

in the State of 187-.

6. Loans on mortgage maturing after ninety days.

7. Loans on mortgage maturing within ninety days.

8. Other loans and discounts maturing after ninety days

9. Other loans and discounts maturing within ninety days

10. Loans on demand..

11. Over drafts

12. Due from other banks and bankers

13. Furniture and fixtures.

14. Current expenses...

15. Cash items

Gold coin

Silver coin

National Bank notes

U. S. notes

Total

$

above statement is true to the best of our knowledge and belief.

SEC. 5. That savings banks and other banking institutions having no capital stock shall report their resources and liabilities in the following form:

6. Loans on mortgage maturing after ninety days..

7. Loans on mortgage maturing within ninety days..

8. Other loans and discounts maturing after ninety days

9. Other loans and discounts maturing within ninety days. 10. Loans on demand

11. Over drafts.

12. Due from other banks and bankers.

13. Furniture and fixtures

14. Current expenses..

15. Cash items

Gold coin

Silver coin

National Bank notes

United States notes

Total..

LIABILITIES.

1. Individual deposits bearing interest.

2. Individual deposits not bearing interest

3. Undivided profits.....

4. Due to banks and bankers

5. Notes and bills rediscounted. 6. Other liabilities

Total....

And such banks shall also furnish with their reports the following information: The number of open accounts on their books and the rate of dividends declared for the past year, and the rate per centum of interest paid on deposits bearing interest during the past year.

SEC. 6. That the State Treasurer shall compile the reports received by him during each year under this Act, and also all the reports from banks or banking institutions operating under Act number one hundred and sixty-six, approved March fifteen, one thousand eight hundred and fifty-five, and he shall cause the tables so compiled to be printed and to be transmitted to the General Assembly at the beginning of each regular session thereof.

SEC. 7. That the State Treasurer and State Auditor, whenever they may deem it necessary to do so, shall have the right to examine the affairs of all banks and banking institutions organized under the laws of the State.

SEC. 8. That it shall be the duty of the General Assembly, at each of its regular sessions, to appoint a joint committee, composed of two members of the Senate and three members of the House, whose duty shall be to examine the affairs of all banks and banking institutions located in the parish of Orleans, and to report upon the condition thereof to the General Assembly.

Act 86, 1882, p. 109.

To require banks chartered by the State of Louisiana, to publish quarterly statements of their condition under oath.

SECTION 1. That hereafter all banks; whether chartered or not by the State, and all private banks, and all persons acting in a banking or fiduciary capacity, receiving deposits, buying and selling exchanges, etc., shall be required to make only quarterly statements of their condition under oath, and publish the same in one or more of the daily journals of the city of New Orleans. And banks that are or may hereafter be organized in any incorporated town or city in the State, shall publish a statement as above provided, in any daily paper published in the town or city in which the bank is situated, and if no daily paper, then a weekly. SEC. 2. That all laws relative to the subject matter contained in this act be and are hereby repealed.

Act 11, 1874. Advertisement of unclaimed deposits, dividends, etc. Printed in lieu of Secs. 742 to 745.

Sec. 877 and Act 108, 1884, printed thereunder. Penalties for false statements, embezzlement, etc. Const., Art. 241.

Sec. 1543. Legislature to appoint committee to examine books, etc.

304. Statements, Publication. The statement shall be regu larly furnished; and, on the last Saturday of every month, shall be signed by the Treasurer and Secretary, and published in the official journal on the first Wednesday of every month. They shall prescribe for each banker or banking company a period within which their weekly reports shall be furnished to them, and the monthly stateent published by them shall include the last weekly statement duly

received from every such banker or banking company (Act 166, 1855, 222).

Act 86, 1882, printed supra.

305. List of Stockholders.-A list of the stockholders in every banking corporation doing business under this act, verified by the oath of the president or cashier, shall be furnished monthly to the Treasurer and Secretary, but need not be published with their monthly report.

306. Powers, Deposit, Discount, Circulation.-All banks hereby established shall be banks of deposit and discount, as well as banks of circulation.

307. Taxation, Capital Stock.-Bankers and banking companies doing business under this act shall be taxed upon their capital stock at the same rate as other personal property under the laws of this State.

308. Release of Securities for Circulation.-Whenever any banker or banking company shall have redeemed eighty per cent. of its notes, and delivered to the Auditor a certificate of a deposit to the credit of the State Treasurer, in such bank as the Auditor may approve, to an equal amount with the circulating notes still unredeemed, it shall be lawful for him to receive the same and give up all securities therefor deposited by such banker or banking company for the redemption of the circulating notes issued.

309. Prescription of Circulating Notes.-Such banker or banking company, after having complied with the provisions of the preceding section, may give notice, once a fortnight for one year, in the State paper, also in a paper published in the city of New Orleans, and in a paper published in the parish in which the banker or banking company has its or their domicile, if any paper be published therein, that all the circulating notes issued may be presented at the Auditor's office within one year from the first publication of such notice, or that the funds deposited will be given up to such banker or banking company; and, on receiving satisfactory proof of giving notice for the time aforesaid, the Auditor shall surrender to the banker or banking company any funds which he may hold for the payment of the unredeemed notes.

310. Auditor May Appoint Clerk.-The Auditor of the State shall have authority, with the approval of the Governor, to employ in his office such additional clerk or clerks, as he may deem necessary, in order to execute the duties imposed upon him by this act, and to pay such compensation therefor as he may deem sufficient, the same