the bailiff performing in addition the duties of assistant to the librarian shall receive a salary of One Thousand Two Hundred Dollars per year, to be paid monthly. Sec. 2. Repeal. That said original section 1149, Revised Statutes of 1913, is hereby repealed. Approved, April 1, 1919. CHAPTER 14. BANK EXAMINERS AN ACT to amend Section 288 of the Revised Statutes of Nebraska for 1913, and to repeal said original section. (House Roll No. 181.) [Introduced by Mr. Frantz.] Be it Enacted by the People of the State of Nebraska: Section 1. Amendment.-That Section 288 of the Revised Statutes of Nebraska for 1913 is hereby amended to read as follows: 288 Sec. 9. Compensation-bonds-fees.-Every person thus appointed to examine into the affairs of banking corporation shall receive compensation for his services at the rate of two thousand dollars per annum, together with all necessary traveling expenses incurred and actually paid out in the performance of his duties as such examiner (not to exceed one thousand two hundred dollars per annum), such traveling expenses to be paid out of the general fund upon his filing with the state auditor an itemized report of such expenses approved by the state banking board or any two members thereof. Every bank thus examined shall pay to the state treasurer within ten days after the completion of such examination the following fees, to be credited to the general fund: Banks with total resources of $25,000 or less, a fee of fifteen dollars; banks with total resources of more than $25,000 a fee of fifteen dollars for the first $25,000 and two cents per $1,000 for all resources in excess of $25,000, and up to $5,000,000 and one cent per $1,000 for all resources in excess of $5,000,000. The examiner shall report to the state treasurer, within five days from the completion of examination, the date thereof and the amount of fee due. Every person appointed as such examiner shall make to the State Banking Board, at the end of every year, a detailed report under oath of all fees reported by him. under this article and all his necessary traveling expenses in the performance of his duties as such examiner. He shall give a bond in the sum of twenty-five thousand dollars executed by himself, with one surety where such surety is an incorporated surety company authorized by the laws of this state to transact such business, and with at least two sufficient sureties where such sureties are natural persons; said bond to be approved by the governor, conditioned for the faithful performance of his duties as such examiner; Provided, that the State Banking Board shall have discretionary power to determine the number of examinations to be made in any calendar year. Sec. 2. Repeal. That said original Section 288 of the Revised Statutes of Nebraska for 1913 is hereby repealed. Approved, April 7, 1919. CHAPTER 15. (House Roll No. 215.) [Introduced by Mr. Frantz.] BANK EXAMINERS-POSSESSION OF BANKS BY AN ACT to amend Section 289 of the Revised Statutes of Nebraska for 1913, and to repeal said original section. Be it Enacted by the People of the State of Nebraska: Section 1. Amendment.-That Section 289 of the Revised Statutes of Nebraska for 1913 is hereby amended to read as follows: 289 Sec. 10. Possession of bank by examiner.-Any duly qualified bank examiner appointed as aforesaid shall have au thority when ordered by the State Banking Board to take possession of any bank doing business under the laws of this state, and to retain possession of such bank for a time sufficient. to make a thorough examination into its affairs and financial condition and if, upon such examination it be found by said examiner that said bank is insolvent, or is conducting its business in an unsafe or unauthorized manner, or is endangering the interest of its depositors, then such examiner shall have full power and authority and it shall be the duty of said Bank Examiner to immediately take possession of said bank and retain possession of all the money, rights, credits, assets, and property of every description belonging to such bank, as against any means or final process issued by any court against such bank or corporation whose property has been taken by such examiner, until the State Banking Board can receive and act on the report made by the examiner of said bank, and have a receiver appointed as hereinafter provided. PROVIDED, HOWEVER, that whenever the officers, stockholders or owners of any insolvent bank shall give a good and sufficient bond running to the state of Nebraska, with an incorporated surety company authorized by the laws of this state to transact such business, conditioned upon the full settlement of all the liabilities of such bank by such officers, stockholders, or owners within a stated time, and said bond shall have been approved by the state banking board, then the state banking board shall turn over all the assets of such bank to the officers, stockholders, or owners of said bank furnishing the said bond, reserving the same rights to require report of the condition and to examine into the affairs of the said bank as existed in said board previous to its closing, and if upon such examination it be found by said bank examiner that said stockholders or owners are not closing up the affairs of said bank in such manner, as to liquidate the liabilities of the bank and close up the affairs of said bank in a manner satisfactory to said bank examiner, within a reasonable time, he shall make a report to the state banking board of his findings. Upon his report to the Banking Board showing facts, the Banking Board shall order the Bank examiner to take immediate possession of such bank until the state banking board can act on the report made by the Bank Examiner of said bank and have a receiver appointed as hereinafter provided. Sec. 2. Repeal. That Section 289 of the Revised Statutes of Nebraska for 1913 is hereby repealed. Approved, April 15, 1919. CHAPTER 16. (Senate File No. 58.) [Introduced by Mr. Randall.] BANKS-FEDERAL RESERVES AN ACT to amend Section 1, Chapter 175, Session Laws of Nebraska for 1915, authorizing State Banks incorporated under the laws of this state, to subscribe to the stock and become members of the Federal Reserve Bank, created and organized under an act of Congress of the United States, approved December 23, 1913, and known as the Federal Reserve Act, to authorize the state authorities to accept examinations and audits made pursuant to the provisions of said act of Congress in lieu of examinations required by the laws of this state, and to relieve such bank from compliance with the provisions of the laws of this state, relating to the maintenance of reserve and to repeal said original section and to declare an emergency. Be it Enacted by the People of the State of Nebraska: Section 1. Amendment.-That Section 1, Chapter 175, Session Laws of Nebraska for 1915, be and the same is hereby amended to read as follows: Sec. 1. Banks-state banks may become members of federal reserve. That any bank incorporated under the laws of this state shall have power to subscribe to the capital stock, and become a member of a federal reserve bank created and organized under an act of Congress of the United States, approved December 23, 1913, and known as the federal reserve act, and shall have power to assume such liabilities and to exercise such powers as a member of such federal reserve bank as are prescribed by the provisions of said act, or amend ments thereto; and, so long as such bank shall remain a member of the federal reserve system created by said act of congress, it shall be subject to examination by the legally constituted authorities, and to all provisions of said federal reserve act and regulations made pursuant thereto by the federal reserve board which are applicable to such banks as members of the federal reserve system; and the state authorities may, in their discretion, accept examinations and audits made under the provisions of the federal reserve act in lieu of examinations required of banks organized under the laws of this state. Any bank complying with the reserve requirements of the federal reserve act, and its amendments, shall be relieved from compliance with the provisions of the laws of this state relating to the maintenance of reserves. Section 2. Repeal. That Section 1, Chapter 175, Session Laws of Nebraska for 1915 is hereby repealed. Section 3. Emergency. Whereas, an emergency exists this Act shall be in full force and effect after passage and approval. Approved, March 19, 1919. CHAPTER 17. (Senate File No. 244.) [Introduced by Mr. Cordeal and Mr. Weaverling.] BANKS-GUARANTEE OF DEPOSITS Article 1 of and to add repeal said AN ACT to amend Sections 293, 324, 325, and 332 in Chapter 6, Revised Statutes of Nebraska for 1913, an additional section thereto, relating to banks, to original section, to repeal Chapter 165 of the Laws of 1917, to provide a penalty for the violation of this Act and to declare an emergency. Be it Enacted by the People of the State of Nebraska: Section 1. Amendment.-That Section 293 of the Revised Statutes of Nebraska for 1913, is hereby amended to read as follows: |