« ForrigeFortsett »
and procure and compel the attendance of and the giving of testimony by witnesses and may compel the production of any books and papers deemed relevant to the inquiry by the Department or by the persons designated by the Department under the Civil Administrative Code of Illinois to conduct such inquiry. The accused may have the subpoena of the Department of Registration and Education for his witnesses, and may be heard in person and by counsel, in open public hearing. Any Circuit Court, or any judge of a Circuit Court, either in term time or in vacation, upon the application either of the Department of Registration and Education or of the accused may, by order duly entered, require the attendance and enforce the giving of testimony of such witnesses and require the production of such books and papers as are above in this section referred to before the Department of Registration and Education or the persons designated by said Department under said Civil Administrative Code to conduct the inquiry, in any hearing relating to the refusal, suspension, renewal or revocation of any certificate of registration. Upon refusal or neglect to obey the order of the said court or judge, the said court or judge may compel, by attachment or proceedings for contempt of court, or otherwise, obedience to the order. § 14. The fee to be paid by an applicant for an examination to determine his fitness to receive a certificate of registration as a registered architect shall be ten dollars ($10.). The fee to be paid by an applicant for a certificate of registration as a registered architect shall be five dollars ($5). The fee to be paid for the restoration of an expired certificate of registration shall be five dollars ($5). The fee to be paid upon renewal of a certificate of registration shall be one dollar ($1). The fee to be paid by an applicant for a certificate of registration who is an architect registered or licensed under the laws of another state, or territory of the United States, or of a foreign country or province, shall be fifteen dollars ($15). § 15. The Department of Registration and Education shall adopt rules and regulations in accordance with the provisions of section 60 of said Civil Administrative Code, and not inconsistent with this Act, to carry out fully and enforce the provisions of this Act. § 16. Each of the following Acts constitutes a misdemeanor punishable upon conviction by a fine of not less than twenty-five dollars ($25) nor more than two hundred dollars ($200) for each offense: (a) The practice of architecture by any person or the advertising or putting out of any sign or card or other device which might indicate to the public that he or she is entitled to practice as an arehitect, without a certificate of registration as a registered architect issued by the Department of Registration and Education of this State. (b) The making of any wilfully false oath or affirmation in any matter or proceeding where an oath or affirmation is required by this Act.
(c) The affixing of a registered architect’s seal to any plans, specifi&tions or drawings which have not been prepared by him or under his mmediate personal supervision.
(d) The violation of any provision of section 11 of this Act.
All fines and penalties shall inure to the Department of Registration and Education of this State.
$ 17. The Department of Registration and Education shall keep 4 record open to public inspection at all reasonable times of its pro*dings relating to the issuance, refusal, renewal, suspension or revoation of certificates of registration. This record shall also contain the lame, place of business and residence, and the date and number of *gistration of each registered architect in this State. $18. The following Acts are hereby repealed: “An Act to provide for the licensing of architects and regulating the practice of archi*ture as a profession,” approved June 3, 1897, and in force July 1, lso, and the following Acts amendatory thereof, to-wit: An Act proved April 19, 1899, and in force July 1, 1899. An Act approved May 16, 1905, and in force July 1, 1905, and an Act approved May 26, 1911, and in force July 1, 1911.
§ 19. This Act may be known and cited as “The Illinois Architectural Act.”
APPROVED June 24, 1919.
BANKS AND BANKING.
ADMINISTRATION OF THz USTS.
! I. Amends section 16, Act of 1887. § 16. Publication of assets and liabilities.
(House BILL No. 709. APPROVED JUNE 28, 1919.)
As ACT to amend section 16 of an Act entitled, “An Act to provide for and regulate the administration of trusts by trust companies,” qurored June 15, 1887, in force July 1, 1887, as amended. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 16 of an Act entitled, "An Act to provide for and regulate the administration of trusts by mist companies,” approved June 15, 1887, in force July 1, 1887, as amended, is amended to read as follows: § 16. The said Auditor shall cause a proper abstract of the Satements of assets and liabilities reported under section 9 of this Act, to be published once in each week, for three consecutive weeks, in 4 newspaper of general circulation, printed in the county seat of the ounty wherein the principal office of the respective company is located, such publication to be paid for by said company. APPROVED June 28, 1919.
REVISION OF ACT.
§ 1. Banks — purpose for which § 10. Loans—limitations—profits —dis
formed. count of bills—loan securities —excessive loans—provisions § 2. Application to organize. safeguarding bank—revocation of permits—illegal loans— § 3. Proceedings after receipt of loans to officers. authorization. - § 11. Location—capital stock—limita§ 4. Directors — organization — pro- tion of deposits — impaired ceedings — oaths — records — capital stock — remedy – reannual meeting—to own stock ceiver. —r e g u l a r meetings—false Statements. § 12. Change of business—proceedings
—suits pending not affected. $ 5. Certificate to commence business —filed with recorder—Auditor § 13. Proceedings of changes filed
may withhold. with Auditor.
§ 6. Stockholders liability. § 14. Changes made prior to this Act not affected.
$ 7. Reports—to State Auditor—oath * ---
—fee—sailure—penalty — pub- § 15. Voluntary dissolution—Auditor's
lication. fees. $ 8. Examinations—at least once an- § 15%. Unlawful operation—penalty.
nually—examiner not stock
holder—fee for examination. § 16. Repeal.
$ 9. Corporate politic—assets as to $ 17. Ratification. real estate.
(SENATE BILL No. 477. APPRoved JUNE 23, 1919.)
AN ACT to revise the law with relation to banks and banking.
SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That on a ratification of this Act by a vote of the people in accordance with the Constitution of this State, it shall be lawful to form banks and banking associations, as here: inafter provided, for the purpose of discount and deposit, buying and selling exchange and doing a general banking business, excepting the issuing of bills to circulate as money; and such banks or banking associations shall have the power to loan money on personal and real estate security, and to accept and execute trusts.
§ 2. When any association of persons, not less than three, desire to avail themselves of the provisions of this Act, they shall apply to the Auditor for permission to organize stating their place of business, the amount of capital and name under which they desire to organize, and the time for which such association shall continue, which statement shall be under their hands and seals, and acknowledged before some officer authorized by law to acknowledge deeds and the Auditor shall issue to them a permit to organize, but no permit shall be issued hereunder to any corporation by the same name as any other corporation then operating under the laws of this State or of any law of the United States or of any person, firm or partnership then conducting a banking business. or by a name so similar to the name of any other corporation then operating under the laws of this State, or of any law of the United States of of any person, firm, partnership or corporation then conducting a bank ing business as in the opinion of the Auditor of Public Accounts will create confusion, provided that a permit may be issued hereunder to a corporation by a name the same as or similar to the name of any person, firm or parntership, then conducting a banking business, by and with
he written consent of such person, firm or partnership of the same or
similar name, such name of such proposed corporation not being the same or similar to the name of any banking corporation then operating under the laws of this State or of the United States, and all associations formed under this Act shall have their capital stock divided into shares of one hundred dollars ($100) each. § 3. As soon as may be after receipt of authorization, books of subscription to the capital stock may be opened, and when the capital stock shall have been fully subscribed for a meeting of the subscribers to the stock of such association shall be called (each subscriber having had at least three days' notice) for determination of the number and election of directors to serve as managers for one year, and until their successors are elected. And no director shall be elected unless he shall have received votes representing at least a majority of the shares of the association; and the voting may be done by person, or by proxy, and at such election the subscribers or stockholders shall have the right to vote for the number of shares owned or subscribed by him for as many perSEs as there are directors to be elected, or to accumulate such shares and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute
them on the same principle among as many candidates as he shall deem
proper. § 4. The directors so elected may proceed to organize by the election of one of their number as president, and may appoint the necessary to cers and employees and fix their salaries to carry on the business of he bank or association and make by-laws (not inconsistent with this Act) for the government of the bank or association; and each director shall take and subscribe to an oath such as the Auditor shall prescribe of fealty to the bank or association of which he is director and that he Will, so far as the duty involves on him, diligently and honestly adminsier the affairs of such bank or association and will not knowingly vioale or willingly permit to be violated any of the provisions of this Act;
and that he is the owner in good faith and in his own right of the num
or of shares of stock required by this Act; and that the same is not hypothecated or in any way pledged as security for any loan or debt. Such oath subscribed by the director making it and certified by a proper officer authorized to administer oaths shall be immediately transmitted to the Auditor and shall be filed and preserved by him in his office. The directors shall cause to be kept suitable books of record of all the transactions of the bank or association and shall furnish to the Auditor lists of the stockholders and copies of any other records the Auditor may *uire. And there shall be an annual meeting of the stockholders for the election of directors each year on the first Monday in January unless some other date shall be fixed by the by-laws of the association. Any "ission to elect directors shall not impair any of the rights and privi** of the association or of any person in any way interested, but the *isting directors shall hold office until their successors are elected and
qualified as in such cases may be by law provided. Vacancies may be filled by a two-thirds vote of the remaining directors. Every director of any bank or association organized under the provisions of this Act must own in his own right, free of any lien or incumberance at least ten shares of the capital stock of such bank or association of which he is a director, and stock certificates for not less than ten shares shall be filed unendorsed and unassigned with the cashier of the bank during his term as director. Any director who ceases to be the owner of ten shares of the capital stock of such bank or association, or who becomes in any form disqualified shall therefor vacate his place as such director. The directors of any bank or association organized under the provisions of this Act shall hold regular meetings at least once each month and there shall be present a quorum as may be prescribed by the by-laws of such bank or association approved by the Auditor of Public Accounts. Any officer, director or employee of any bank or association organized under the provisions of this Act, who shall wilfully and knowingly subscribe to or make or cause to be made any false statement with intent to deceive any person or persons authorized to examine into the affairs of such bank or association, upon conviction thereof, shall be punished by imprisonment of not less than one year or more than ten years. 5. When the directors have organized, as in section 4 of this Act, and the capital stock of such association shall have been all fully paid in and record of the same laid before the Auditor, he shall by himself or some competent person of his appointment, make a thorough examination into the affairs of such association, and if satisfied the authorized capital has been paid in, and that the association has the full amount dedicated to the business, including proposed surplus, if any, and when they pay into the Auditor's office the reasonable expenses of such examination, he shall give them a written or printed certificate under seal authorizing them to commence the business designated in section 1 of this Act. And said certificate and the permit issued in accordance herewith, duly certified by said Auditor, shall be filed and recorded in the office for the recording of deeds in the county where such bank is organized and the original or a certified copy thereof shall be evidence in all courts of the existence and authority of said corporation to do business. Upon the recording of said certificate and permit said bank shall be deemed fully organized and may proceed to business. The Auditor may, in his discretion, withhold the issuing of the said certificate, authorizing the commencement of business when he is not satisfied as to the personal character and standing of the officers or directors elected or appointed, in accordance with sections three and four of this Act; or when he has reason to believe that the bank is organized for any purpose other than that contemplated by this Act. § 6. Every stockholder in any bank or banking association organized under the provisions of this Act shall be individually responsible and liable to its creditors, over and above the amount of stock by him or her held, to an amount equal to his or her respective shares so held, for