2222 CHAP. 7 ATTACHMENT OF CORPORATE RIGHTS OR SHARES. [Jan., Attachment of stock in corporations of making the same. [Substitute for Senate Bill No. 28.] CHAPTER 7. An Act amending an Act concerning Attachment of Be it enacted by the Senate and House of Representatives in Section 833 of the general statutes is amended to read as follows: Rights or shares in the stock of any corporation, and the manner together with the dividends and profits due and growing due thereon, may be attached, and taken on execution. Such attachment shall be made by leaving a true and attested copy of the process, and of the accompanying complaint or declaration, with the proper indorsement thereon, of the officer serving the same, with the defendant, or at his usual place of abode, if within this state, and with the secretary, clerk or cashier of such corporation, or if such corporation has no secretary, clerk or cashier, or if he is absent from the state, then at the principal place in the state where such corporation transacts its business or exercises its corporate powers; and such rights or shares, together with the dividends and profits, shall be holden to respond to the judgment which may be recovered in said action, for sixty days after its rendition; and when an officer with a writ of attachment shall apply to such secretary, clerk or cashier, for the purpose of attaching such rights or shares, the secretary, clerk or cashier shall furnish him with a certificate, under his hand, in his official capacity, specifying the number of rights or shares which the defendant holds in the stock of such corporation, with the incumbrances thereon, if any, and the amount of dividends thereon due. in the company. Upon the failure of any secretary, clerk or cashier to furnish such officer with such certificate, he shall be fined not more than two hundred dollars. Officer of corporation to furnish a certificate stating the number of shares the defendant owns Approved, March 1, 1917. Reports of state companies to [Senate Bill No. 53.] CHAPTER 8. An Act amending an Act concerning Reports to the Be it enacted by the Senate and House of Representatives in Section 3416 of the general statutes is amended to read as banks and trust follows: Each state bank and trust company shall make to the bank commissioner not less than five reports during each year, verified by the oath of its president, vice-president, cashier, assistant cashier, treasurer or assistant treasurer. Each such the Bank Commissioner. . CHAP. 9 report shall exhibit in detail and under appropriate heads, ac- Form of reports. cording to the form which may be prescribed by the commissioner, the resources and liabilities of such bank or trust company at the close of business on any past day specified by the commis sioner. Such report shall be transmitted to the commissioner Publication of within ten days after the receipt of a request therefor from him, reports. and shall be published, in such form as he may prescribe, in a Approved, March 1, 1917. [Senate Bill No. 54.] CHAPTER 9. An Act amending an Act concerning Incorporation of Be it enacted by the Senate and House of Representatives in issue certificate company to commence business until the stock subbeen paid for scribed for has in cash. SECTION 1. Section six of chapter 194 of the public acts of Banking Com1913 is amended to read as follows: Before issuing a certificate mission not to of authorization to such corporation the banking commission for a trust shall examine or cause an examination to be made to ascertain whether the capital of such corporation has been duly subscribed and paid for in cash, and if it shall appear that the capital has not been so subscribed and paid for, such certificate of authorization shall not be granted. No such corporation shall commence business until such certificate of authorization has been granted as herein required, provided, when any solvent national bank shall go into liquidation for the purpose of continuing business as a state bank or trust company, or both, with the same amount of capital stock, the banking commission, upon finding that the capital of such national bank is to be continued in such business, state bank or may issue a certificate of authority to such bank or trust company without requiring the paying in of cash capital. SEC. 2. This act shall take effect from its passage. Certificate may where a solvent national bank be granted resumes business as a trust company. 2224 CHAP. 10 Amount of reserve fund to be maintained by banks and What same to where to be kept. RESERVE FUND IN STATE BANKS AND TRUST COMPANIES. [Jan., [Senate Bill No. 52.] CHAPTER 10. An Act amending an Act concerning the Reserve Fund in Be it enacted by the Senate and House of Representatives in Section 3400 of the general statutes as amended by chapter 118 of the public acts of 1915 is amended to read as follows: Every state bank and trust company shall maintain a reserve trust companies. fund of twelve per centum of its demand deposits and five per centum of its time deposits. Of such reserve fund not less than four-twelfths shall consist of gold and silver coin, the demand consist of and obligations of the United States, or national bank currency, or federal reserve notes and federal reserve bank notes, and be held by such bank or trust company in its banking office. The remainder of such reserve fund may consist of balances with reserve agents subject to demand draft and of bonds which are legal investments for savings banks of the state, provided each such reserve agent shall be either a federal reserve bank or another bank which is a member of the clearing house association of New York, Boston, Philadelphia, Chicago, Albany or Buffalo, or a national banking association, state bank or trust company located in New Haven, Hartford, Bridgeport or Waterbury, and approved by the bank commissioner, and the bonds, held as a part of such reserve, shall at no time exceed at par value one-sixth of the total reserve fund. Whenever the reserve fund of any state bank or trust company shall be below said twelve per centum, such bank or trust company shall not make any new loans or discounts, or make any dividends of its profits until its reserve fund is restored to the required twelve per centum. The bank commissioner shall notify any state bank or trust company whose reserve fund shall fall below said twelve per centum, and if such bank or trust company shall fail for thirty days thereafter to make good such reserve fund, the bank commissioner may apply for the appointment of a receiver to wind up its business. "Demand deposits" within the meaning of this act shall include all deposits payable within thirty days, and "time deposits" shall include all deposits payable after thirty days. Bank commis sioner to apply for receiver when the legal reserve fund is not maintained. Approved, March 1, 1917. CHAP. 11 [Senate Bill No. 601.] CHAPTER 11. An Act concerning the Militia. Be it enacted by the Senate and House of Representatives in SECTION 1. All male citizens and all male residents of this Defining those militia. SEC. 2. The militia shall be divided into three classes as Defining the follows: The unorganized militia, the national guard and the naval militia. militia. SEC. 3. The unorganized militia shall consist of all male Defining the citizens and all male residents of this state who have or shall have unorganized declared their intention to become citizens of the United States, between the ages of eighteen and forty-five years, not exempted from military duty as hereinafter provided, and who are not members of the national guard or naval militia. the unorganized of drafts. SEC. 4. In time of war, invasion, rebellion or riot or rea- Power of the sonable apprehension thereof, or upon requisition by the presi- governor over dent of the United States, the governor shall order out for active militia. service such portion of the unorganized militia as he may deem necessary. The governor shall apportion any such drafts equit- Apportionment ably among the several towns and the order therefor shall be directed to the selectmen of each town or mayor of each city, where the town and city governments have been consolidated, and How made. they shall appoint a time and place of assembly and order the unorganized militia of said town to appear thereat by leaving written or printed notices with each of them, or at their usual place of abode or by publishing a notice thereof in some newspaper printed in said town, or, if no newspaper is printed in said town, in a newspaper which has a circulation in said. said town; and shall then and there draft such number by lot from such unorganized militia or accept such as may volunteer to enlist for active service under the order of the governor; and shall return to the adjutant general the names of such persons drafted or enlisted under said order, who shall thereupon be subject to the order of the governor and become part of the national guard and shall be assigned to such units or organizations of the national guard as the governor shall direct. If the selectmen of any town shall fail to comply with such order, the governor shall appoint some proper person to execute the same, at the expense of such town, who shall make return of his doings to the adjutant general. Penalty. 2226 What people the same. Adjutant General may have a new enrollment made. Defining those SEC. 5. The names of all male citizens and all other male residents of this state who have declared their intention to become citizens of the United States, between the ages of eighteen and forty-five years, residing in each town on the first day of October subsequent to the last enrollment, shall annually, between the first day of October and the first day of February following, be enrolled alphabetically, by or under the supervision of the selectmen or other officer performing the duties of selectmen of the town in which they reside. On such enrollment lists and opposite the name of every person exempt from military duty as hereinafter provided, the selectmen shall write the word "Exempt," opposite the name of every person exempt from the payment of the personal tax, but not from military duty, the words "Exempt from tax only," and opposite the name of every person who is a member of the national guard or naval militia, the words "National Guard" or "Naval Militia," as the case may be, and shall sign such lists and file the same in the office of the town clerk of such town before the first day of February, and annually, on or before the fifteenth day of February, make report to the adjutant general of the total number enrolled on their respective lists, the number marked "Exempt"; the number marked "Exempt from tax only"; the number marked "National Guard" or "Naval Militia"; the number of the unorganized militia and the number liable for the payment of the personal tax, and shall certify that they believe such lists to be correct. The adjutant general may call for the original enrollment, showing the names of those exempt and causes of exemption, and satisfy himself of its accuracy. SEC. 6. Whenever the adjutant general shall be of the opinion that the enrollment lists of any town required to be made under the provisions of section four hereof are incorrect, he may, upon not less than five days' notice to one of the selectmen of such town, apply to any judge of the superior court for the appointment of one or more competent persons, residents of such town, to make a new enrollment list of the town, according to law, and said judge may forthwith appoint one or more competent persons, residents of said town, to make a new enrollment list within such time as he shall limit. The person or persons so appointed shall be sworn to the faithful performance of their duties, and shall make such new enrollment list within the time limited and return the same to said judge, and such list, having been approved by said judge, shall be lodged with the town clerk of such town by the persons making the same. The enrollment list so made out and lodged shall be the enrollment list of such town for the year in which it shall be made. The expense of such new enrollment shall be approved by the judge ordering the same and shall be paid by the town. SEC. 7. The following-described persons are exempt from who are exempt military duty as part of the unorganized militia, and exempt from liability to be drafted in accordance with the provisions of from military duty. |