tofore paid into the state treasury by said bank commissioners shall be transferred to said fund and become a part thereof. [Am'd. 1905, p. 305.] Sec. 16. The bank commissioners shall keep proper books of record of all acts, matters, and things done by them under the provisions of this act, which shall be open to the inspection of the public during their office hours. Sec. 17. The bank commissioners or either of them may issue subpoenas for witnesses to attend and testify before them or either of them on any examination by this act authorized, which must be served, obeyed, and enforced as provided in the Code of Civil Procedure for civil cases; the commissioners to issue attachments, and impose the penalty for disobedience, and the witnesses may be punished as provided in the Penal Code. Sec. 18. The bank commissioners may sue for and recover, in the name of the people, in any court of competent jurisdiction, all sums of money which become due, payable, or forfeited by any of the provisions of this act. Sec. 19. The commissioners shall, upon the expiration of their term of office, deliver to their successors, or if there be none, then to the controller of state, all property, books, reports and papers of every description pertaining to their office. Sec. 20. Every person engaged for himself, or any person being the cashier, manager or agent of two or more persons, not incorporated, engaged in the business of banking in this state, or publicly receiving money on deposit, must apply for and take out a license for such privilege, and shall be subject to the same requirements, limitations, liabilities, penalties, and provisions as are in this act provided for incorporated banks or banking corporations, so far as the same appertain to said business. [Am'd. 1905, p. 306.] Sec. 21. The use of the word "bank," or any other word or terms denoting or implying the conduct of the business of banking, or the use of the word "savings,” alone or in connection with other words denoting or implying the conduct of the business of a savings institution, or a savings and loan society, is hereby prohibited to all persons, firms, associations, companies, or corporations other than those subject to the supervision of the bank commissioners or required by this act to report to them, and no license as in this act provided shall be issued by the commissioners to any corporation that does not receive money from the public as deposits in manner customary with commercial or savings banks. Any person, firm, association, company, or corporation not subject to the supervision of the bank commissioners or not required by this act to report to them, making use of terms implying conduct of a bank, savings bank, or savings and loan society by means of signs, advertisements, letter heads, bill heads, blank notes, blank receipts, certificates, circulars, or any written or printed or partly written and partly printed paper whatever, having thereon any artificial or corporate name or other word or words indicating that such business is the business of a bank, savings bank, or savings and loan society, shall forfeit for each day the offense is continued the sum of one hundred dollars, to be recovered as provided in this act. Sec. 22. The commission hereby established shall be the legal successor of the bank commissioners created by the act creating a board of bank commissioners, approved March 30, 1878, and the acts amendatory thereto, and shall be entitled to have and receive all the books, records and other property acquired by and belonging to the said bank commissioners and shall be substituted for and continue in the stead and place of said bank commissioners all suits actions and proceedings at law now pending wherein said bank commissioners are a party. Sec. 23. No bank, banking corporation, person or partnership, shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within six (6) months from the time of its purchase, be sold at public or private sale; and in default thereof, after demand by the bank commissioners, the charter of such corporation shall be deemed forfeited, and the bank commissioners may institute liquidation proceedings against said corporation, as is provided in section ten of this act. [Am'd. 1905, p. 306.] Sec. 24. Every banking corporation, except savings banks, and every person and partnership doing a banking business, shall at all times have on hand in cash an amount equal to at least twenty (20%) per cent. of its demand or immediate liabilities and time certificates of deposit, if its principal place of business is located in any city of the state having a population of two hundred thousand (200,000) and over; and an amount equal to at least fifteen (15%) per cent of its demand or immediate liabilities and time certificates of deposit, if its principal place of business is located elsewhere in the state. One-half of such cash reserve may consist of moneys on deposit subject to call with any solvent bank or trust company. Cash shall include specie, national bank notes, legal tender notes, and all paper obligations of the United States circulating as money, and exchanges for clearing-house associations. [Am'd. 1905, p. 307.] Sec. 25. No corporation which has or shall be incorporated under the general laws of this state authorized by its articles of incorporation to act as executor, administrator, guardian, assignee, receiver, depository or trustee shall be permitted to act or be appointed as such unless it shall have a paid-up capital of not less than one hundred thousand ($100,000) dollars, of which one hundred thousand ($100,000) dollars shall have been actually paid in cash. [Am'd. 1905, p. 307.] ACT 301. TITLE 41. To regulate the practice of barbering, the registering and licensing of persons to carry on such practice, and to insure the better education and promote competency and skill among such practitioners in the state of California. [Approved February 20, 1901. Stats. 1901, 15.] Repealed 1903, 166. АСТ 306. TITLE 42. BEE CULTURE. To authorize the boards of supervisors of the several counties of this state to appoint inspectors of apiaries and provide for their compensation, and defining their duties, and for the further protection of bee culture. [Approved March 13, 1883; 1883, 285.] Repealed 1901, 13. The nature of the act appears from its title. ACT 307. Mutual benefit and relief associations. [Stats. 1873-4, p. Amended 1880, 25; 1901, 6. 745.] This act appears in full in Civil Code, Appendix, p. 678. Codified by amendments of Civil Code adopted 1905. See Civil Code, Supp, 452a, note. Cal. Rep. Cit. 128, 263; 142, 491; 142, 492; 142, 493; 142, 495; 142, 496. АСТ 317. TITLE 44. BENEVOLENT CORPORATIONS. To further extend the act concerning corporations. [Stats. 1857, p. 75.] This act authorized the formation of corporations for benevolent purposes. See note to act 632, post. ACT 318. Further extending act concerning corporations. [Stats. 1858, p. 57.] Amended and supplemented 1858, 264. This act allowed the formation of corporations for charitable and benevolent purposes. ACT 319. Supplementary to act of 1850 concerning corporations. [Stats. 1858, p. 264.] This act authorized the formation of corporations for benevolent and literary purposes. See the note to act 632, post. TITLE 45. BENICIA. ACT 324. To settle land titles in. [Stats. 1865-6, p. 107.] ACT 325. To cede certain property to. [Stats. 1855, 239.] This act ceded to Benicia the entire waterfront of that city. Cal. Rep. Cit. 118, 346. ACT 326. Election of assessor, city marshal, and treasurer of. 1877-8, p. 400.] [Stats. Superseded by incorporating, in 1886, under Municipal Corporation Act of 1883, ACT 327. To provide for the government of. [Stats. 1859, 314] Supplemented 1860, 118: 1861; 17. Amended 1862, 231; 1867-8, 3, 206; 1869-70, 854; 1873-4, 777. Superseded by incorporating, in 1886, under the Municipal Corporation Act of 1883. To incorporate the town of. [Stats. 1877-8, p. 888.] Superseded by the charter of Berkeley, 1895, 410. (Miner. v. Justices' Court, 121 Cal. 264.) АСТ 333. To create a justice's court for the town of. [Stats. 1895, p. 205.] Unconstitutional. (Miner v. Justices' Court, 121 Cal. 264.) Big trees, protection of, in Fresno, Tulare and Kern Counties. [Stats. 1873-4, p. 347.] ACT 339. To provide for the management of the Mariposa big tree grove. [Stats. 1880, 44.] Amended 1885, 212. |