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expenditures; and it shall further show the amount of the assets of said foreign corporation, association or society, the character of cash assets, the fair cash value thereof together with the nature and fair cash value of all securities of such foreign corporation, association or society, and the character of such liabilities; the par value and the amount of dues or assessment chargeable on each share of stock issued by such foreign corporation, association or society, the proportion of such dues or assessments credited to the loan fund, expense fund or other fund, when such assessments or dues are payable; the amount of premium and interest charged on lons made by such foreign corporation, association or society, the rate and amount of interest paid on paid up or other stock issued by such foreign corporation, association or society, and such other information concerning the business of such foreign corporation, association or society as may from time to time be required by the Banking Commissioner.

Section 877a. Fees Collected by Banking Commissioner. The Banking Commissioner shall charge and collect from such foreign corporation, association or society for filing the statement and other papers and issuing the certificates required to be filed and issued by this act the same fees as are charged and collected from insurance companies doing business in this State which are charactered and incorporated under the laws of the State in which such foreign corporation, association or society is incorporated.

Section 877b. Penalty for Unlawful Business. Any person or persons who, either directly or indirectly shall solicit subscriptions to the capital stock of any such foreign corporation, association

or society or act as agent for any such foreign corporation association or society without first procuring the certificate required in Section 876b, of this without first procuring the certificate required in Section 876b of this act, shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be fined in any sum not exceeding five hundred ($500.00) dollars to which may be added imprisonment in the county jail not exceeding thirty (30) days.

Section 877c. Receiver. That where a foreign building and loan association doing business within this State has become insolvent and its affairs are being wound up by a receiver, the failure of such association to have complied with the laws of the State respecting its admission to do business therein, shall not affect the right of such receiver to bring any suit to wind up the affairs of such associations.

Section 878. Emergency Clause. Whereas no provision now exists for examination of building and loan associations and the present laws governing such associations are vague and indefinite, therefore an emergency is declared to exist and this act shall take effect from and after its passage.

Section 878a. Repeal. All laws and parts of laws in conflict with this act are hereby repealed.

Neither approved nor disapproved.

CHAPTER 145.

AN ACT to amend an Act entitled "An Act for the government of cities of the fourth class in the Commonwealth of Kentucky," which was approved March 19, 1894, and thereafter in due course became a law, and as same has since been amended, all of which said act and amendments now appear in Article 5, of Chapter 89, of the Kentucky Statutes in John D. Carroll's 1915 Edition thereof, whereby cities of the fourth class may go under the commission form of government.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

1. That Subsection 3, of Section 3606b of the Kentucky Statutes in Carroll's 1915 Edition thereof, be repealed and in lieu thereof the following be enacted as a substitute therefor.

Section 3606b. (3.) It shall be the duty of the county judge in the county in which is located a city proposing to take the sense of its voters, as herein provided, upon the question of organizing and being governed under this act, upon the application by written petition signed by a number of legal voters of the said city equal to twenty-five per centum of the votes cast in said city at the last preceding general election, to receive said petition, and at the next regular term thereafter to make an order in his book directing an election to be held in said city at the next regular election, and not earlier than sixty days nor later than ninety days. after said application is lodged with the said judge, which order shall direct the sheriff, or other officer of said county who may be appointed to hold said election, to open the polls at each and all of the voting places in said city for the purpose of taking the sense of the qualified voters of said city upon the question of whether or not the citizens in said city are in favor of the organization and government of said city under the provisions of the act. The question to be submitted to the voters shall be:

"Are you in favor of the organization and government of the city of.....

under the provisions of an act to amend an act entitled 'An act for the government of cities of the fourth class in the Commonwealth of Kentucky,' which was approved March 19, 1894, and thereafter

in due course became a law, and as same has since been amended, all of which said act and amendment now appear as Article 5, Chapter 89, of the Kentucky Statutes, in John D. Carroll's 1915 Edition thereof." The salary of mayor to be $.

per annum during his term; that of the polic judge $$...... ...per annum during his term; and that of each commissioner $.. per annum during his term.

It shall be the duty of the county clerk to give to the sheriff of the county, or to such officer as may be appointed to hold said election, a certified copy of the order of the county court, as it appears on the order book, within five days after such order is made; and it shall be the duty of said sheriff, or other such officer, to have said order published in some weekly or daily newspaper, published or circulated in said county, for at least two weeks before the election, and also to advertise the same by printed or written hand bills, posted in conspicuous places in said city, for the same length of time. If there is no weekly or daily newspaper published in said city, or the proprietor of said paper refuses to publish such notice, the printed or written hand bills provided for shall be sufficient notice. The sheriff, or other such officer, shall have the advertisement and notices herein provided for posted as herein required, within seven days after he receives the order of the county court. All elections provided for in this act, except the primary elections, shall be held on the regular election day, by the regular election officers.

If it shall be found that a majority of the legal votes cast at the election hereinabove provided for were given for or against said proposition submitted, it shall be the duty of the canvassing board

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to certify that fact, which certificate shall be delivered to the clerk of the county court, and a copy thereof delivered to the clerk of the city, and at the next regular term of said court the county judge shall cause the same to be spread on the order book of said court, and the entry of said certificate in the order book, or copy thereof, shall be prima facie evidence of the facts therein contained.

When a majority of the votes cast shall be in favor of organizing and governing the city under the provisions of this act, and said fact shall be certified as hereinabove provided, by the said canvassing board of the county to the county clerk, a copy of which shall be certified to the city clerk, and said copy of said certificate shall be spread upon the records of said county, as herein provided, and upon the records of said city, at the next regular meeting of the city council, thereupon said city shall be organized and governed by the provisions of this act.

2. That Subsection 10, of Section 3606b of the Kentucky Statutes in Carroll's 1915 Edition thereof, be repealed and in lieu thereof the following be enacted as a substitute therefor:

Section 3606b. (10.) The mayor and police judge shall be elected for a term of four years beginning on the first Monday in January following their election. The mayor and police judge shall each receive an annual salary, for their first term under this act, of such sum as may be fixed in the question submitted to the voters, provided for in Subsection 3 of this act as amended but thereafter the salaries of mayor and police judge shall be fixed as hereinafter provided.

§ 3. That Subsection 11, of Section 3606b of the Kentucky Statutes in Carroll's 1915 Edition there

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