fore any court of competent jurisdiction shall be sentenced by the court before which such trial and conviction shall be had, to the same punishment as is provided in and by this act, or by law, for the punishment of embezzlement or breach of trust.

Duty as to Public Printing.

313. [Sec. 17, Act 141, 1912, p. 190.] The State Printer or Printers shall render once in each month to the Auditor of Public Accounts a sworn detailed statement of the printing and advertising done for the State for either branch of the General Assembly or any Officer or Department of the State Government, or for any supplies furnished them, and the said Auditor shall examine the same, and if he finds the said account to be correct, shall audit the same and draw his warrant on the State Treasurer for its payment. The Auditor shall also submit said accounts to the Governor of the State for his inspection and examination to see that they are in accordance with the contract and that no extravagance is being exhibited in the work ordered.

Duty as to Public Lands Sold.

314. [Sec. 3, Act 75, 1880, p. 86.] It shall be the duty of said register [i. e. of the State Land Office] to furnish annually to the Auditor of Public Accounts, on or before the twentieth day of December of each year, a descriptive list, by parish, of all lands sold during the preceding year, together with all data that may be afforded by his records.

[Sec. 5.]

315. [Sec. 5.] It shall be the duty of the Auditor of Public Accounts to transmit, within forty days after the expiration of each fiscal year, the report of the register, mentioned in Section 3 of this act, to the assessor of the parish wherein the lands may be situated, in order that they may be assessed for taxes.

AUTOMOBILES.

316. [Act 6, 1914, p. 7.] Police Juries and municipal corporations are prohibited from exacting as a condition precedent to the operation of an automobile, the taking or filing of a photograph by the owner or operator.

AWARD OF MEDALS.

Medals for Police and Firemen.

317. [Sec. 1, Act 203, 1914, p. 389.] Any member of a Police or Fire Department, who, in the regular performance of his duty shall render some act of valor, or any act conducive to the betterment and credit of the Department of which he is a member, shall be awarded a gold medal of honor, properly inscribed, to be presented by the Board created by this Act.

Board of Award.

318. [Sec. 2.] The Board created by this Act shall consist of the Mayor and of the heads of the Police and Fire Departments, who shall sit in session whenever such deeds of valor, or acts conducive to the betterment and credit of said Department shall be brought to their attention by any one; said Board shall be vested with full discretion in the matter of the awards of said god medals, after a full investigation of all matters covered by the purposes of this Act.

Cost of Medals.

319. [Sec. 3.] The gold medals to be awarded, or hereinabove provided for, shall not cost less than $10.00 nor more than $50.00, and it is hereby made the duty of the City Treasurer, of all cities in which this Act is applicable, to honor the cost voucher of any medal awarded under this Act when approved by the Mayor of said city.

Medal Must Be Worn.

320. [Sec. 4.] It is hereby made the duty of every such member of the Police or Fire Department, honored with the reward of such medal in recognition of his deed of valor or act conducive to the betterment and credit of the Department of which he is a member, to wear said medal when in service or on parade.

Award May Be Withdrawn When.

321. [Sec. 5.] Any such member of said Police or Fire Department, who shall be awarded the medal herein provided, shall have the same withdrawn for any act bringing discredit or shame to the Department of which he is a member, or any act destructive of Department discipline.

BANKS AND STATE EXAMINATION OF BANKS.

Powers of Banking Companies.

322. [R. S. 277.] That any person or persons, five or more, associating themselves for the purpose of banking, may constitute themselves a corporation with power and authority:

First. To have and enjoy succession by a corporate name to be selected by themselves, for a period that shall be expressed and limited in the articles of association, not exceeding ninetynine years, and by that corporate name to sue and be sued, plead and be impleaded, appear, answer and prosecute in any and all courts of justice and elsewhere.

Second. To hold, receive, purchase and convey by and under their corporate name such property, real and personal, as may be indispensable to the objects of the association. The real estate, which such corporation lawfully purchased, hold and convey, shall be, First-such as may be necessary for the proper transaction of their business. Secondly-Such as shall have been mortgaged to them in good faith as security for loans; Thirdlysuch as shall be conveyed to them in satisfaction of debts previously contracted, bona fide, in the course of their business; and Fourthly-such as they may purchase at sale under judgments or mortgages held by themselves, or in which they have an interest by being subrogated to rights according to Article Twenty one Hundred and Fifty-seven (2157) [2161] of the Civil Code, but they shall not have power to hold any real estate acquired in any way except such as may be held as agent or trustee, or acquired for the transaction of their business for a longer time than five years.

Third. To make and use a corporate seal to be described in the articles of association.

Fourth. To name and appoint such managers and directors to administer the affairs of the corporation as they may think necessary, and proper, the number and style of such directors or managers being described in the articles of association, and to fix the compensation of all persons in their employment. All the managers and directors shall be citizens of the State of Louisiana.

Fifth. To make and ordain such by-laws for the proper management of the affairs of the corporation as may be neces

sary and proper, and in conformity with the provisions of law, the articles of associations and such by-laws to repeal, alter and amend at pleasure.

Sixth. Savings and Safe Deposit Banks, without power to issue bank notes, may be organized under this law, in any incorporated town, where the population does not exceed twenty thousand inhabitants, with a cash capital of not less than thirty thousand dollars, which shall be paid up before they can commence business. (See Act 152, 1910, p. 232.)

Seventh. Any officer, clerk, or agent of the corporation who shall appropriate to his own use or to the use of others any money, funds or effects of any kind whatsoever, shall be deemed guilty of a felony, and on conviction thereof shall be punished by imprisonment in the penitentiary at hard labor for a term of not less than one year nor more than ten years at the discretion of any court of competent jurisdiction.

Eighth. Money or other property deposited in said banks by married women or minors themselves may be drawn out by them upon their own order or signature without other authorization. That any syndic, receiver, assignee, trustee or public officers, having control of any bonds, stock, moneys, or other valuables belonging to others, shall be and are hereby authorized to deposit the same for safe keeping in said banks. (Amd. Act 189, 1902, p. 372.)

323. [R. S. 282.] The shares of the banking companies shall be personal property, and shall be transferable upon the books of the same, in such manner as the by-laws may direct; but no shareholder therein shall be liable for its debts and contracts to a greater amount than the whole of his shares therein. Unincorporated bankers shall be liable to the full amount of their obligations and contracts. The liability as stockholders shall apply not only to such persons as appear by the books of the company to be such, but also to every equitable owner of stock, although the same may appear upon the books in the name of another person; also to every person who shall have advanced the installments or purchase money of any stock in the name of a person under twenty-one years of age, and while such person remains a minor; and also to every guardian who shall voluntarily invest funds in such stock. No trust funds shall be liable for the corporate debts; the guardian or trustees shall be personally liable, until the person beneficially interested becomes competent to con

trol and dispose of the same, and for sixty days thereafter. But when a guardian or trustee holds such stocks under a transfer from a third person in good faith, or by positive directions to make such investment, the person so transferring or giving directions, or his estate, if he be deceased, shall be responsible for the debts and liabilities chargeable on the stock.

324. [R. S. 305.] 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.

325. [R. S. 299.] Bankers and banking companies, doing business under this act, shall be entitled to charge and receive discount at a rate not greater than the maximum allowed by law on conventional obligations; and their other contracts shall be regulated by the laws in regard to interest upon contracts between individuals.

326. [R. S. 316.] The banking institutions of the State of Louisiana are hereby authorized to discount paper at the rate of eight per cent. per annum interest.

327. [R. S. 307.] 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.

Time Drafts.

327a. [Act 22, 1915, p. -.] —.] Banks and trust companies organized under the laws of this State are hereby authorized to accept for payment at a future date drafts drawn upon them by their customers and to issue letters of credit authorizing the holders thereof to draw drafts upon them or their correspondents at sight or on time.

State Banks May Become Members of Federal Reserve Bank.

328. [Sec. 1, Act 305, 1914, p. 630.] All State Banks, Savings Banks and Trust Companies organized under the laws of the State of Louisiana be, and they are hereby authorized and empowered to subscribe for stock and become members of the Federal Reserve Bank of the District to which they may properly be assigned by the Federal Reserve Board in accordance with the Act of Congress adopted December 23, 1913, provided the same is approved by resolution of the Board of Directors of such bank and in accordance with the requirements of the Federal Reserve Act.