Powers of Treasarer, Attorney mittees in mak and enquiries Banks. of specie held by them, and such other information in relation 2. A statement of the banking associations and bankers, SEC. 47. The Treasurer, Attorney General, or any committee General, or Com appointed by the Legislature or either branch thereof, shall ing examinations have power to examine the books, papers, conditions and concerning affairs of any bank or association organized under the provisions of this act, and for that purpose may examine on oath, any individual banker, and the officers, agents, partners and clerks of such banker, and of any bank or association touching the matters he or they shall be directed or may desire to inquire into; and any willful false swearing in any such examination shall be deemed perjury. They may also inquire whether any banker or association transacts the business of banking at the place designated in its articles or certificates of association; whether such banking business is conducted in the manner prescribed by law. Ibid. Paty of Treasurer to withhold Notes SEC. 48. Such officer shall have power to summon any inhabitant of the County in which he or they may be conducting the inquiry, to appear before him or them and testify in relation to the same. SEC. 49. If it shall appear from such examination and report, in certain cases. that any bank, association or individual banker, is in an unsound or unsafe condition to do banking business, or that the business of banking is not transacted by such bank, association or banker at the place designated in its certificate or articles of association, or is not transacted in the manner prescribed by law, it shall be the duty of the Treasurer to withhold and refuse to issue or deliver any registered notes to such bank, association or banker, until he shall be satisfied that such bank, association or banker, is in a sound and safe condition to do a banking business, and that the business of banking is transacted by such bank, association or banker, at the place designated in its certificate or articles of association. Individual Bank er to sign Notes himself. SEC. 50. The circulating notes delivered to individual bankers, shall be signed by him only, and not by any attorney or agent; and any banker or person acting as his Cashier, attor ney or agent, who shall willfully violate any provision of this section, shall be liable to a penalty of not more than one thou- Penalty for viola sand dollars for each offence, to be recovered in an action of debt in the name of the People of this State. tion. er not to sell the ing. SEC. 51. It shall not be lawful for any individual banker Individual Bankhaving circulating notes, obtained under the provisions of this business of Bank act, to sell or transfer the business of banking upon the securities deposited by him, to any person or persons; and until such business shall be closed by the return of the circulating notes issued, and the delivery of the securities deposited, the same shall be conducted only in the rame of the individual banker by whom the said securities were deposited, and he shall continue and remain individually liable for the payment of all the debts, dues and demands, and circulating notes contracted or issued by him. per cent. to be Treasurer. SEC. 52. Every bank, association and banker, organized Specific tax of one under the provisions of this act, shall pay to the State Treas-paid to State urer, on or before the second Monday of January in each year during its corporate existence, one per cent. upon its capital stock, deducting the real estate held by such association or individual banker, which amount shall be in lieu of all other taxes or assessments. All real estate owned by such bank, association or individual banker, may be taxed as other real Tax on Real E estate in the city, village or township where the same may be situate; and shall also pay to the State Treasurer twenty-five Twenty-five cent Cents for the use of the State for every one hundred bills or hundred bills to notes countersigned and registered by said Treasurer or state. register, as required by this act. tate. on every one be paid for use of removing from fice, or destroy. Bonds, Stock SEC. 53. Any person who shall take, remove or carry away Punishment for from the office of the State Treasurer, contrary to the pro-Treasurer's of visions of this act, or shall deface or destroy any of the bonds, ing or de acing stocks or other securities therein deposited pursuant to the etc. provisions of this act, and any person having charge of such Treasurer's office, who shall suffer or permit the taking, removing or destroying any of the bonds, stock or other securities deposited or transferred as aforesaid, shall, upon conviction, be punished by imprisonment in the State prison for a term not exceeding ten years. putting in circu countersigned. SEC. 54. If any individual banker, or any officer or clerk, Punishment for agent, or other person in the employ of any bank, association, or lation Bills not individual banker, shall issue or put in circulation as money, any bill or note purporting to have been issued by such bank, association or individual banker, not being or having been Redemption offi. ces in Detroit. countersigned by the register, as provided by this act, he or they shall be deemed guilty of a misdemeanor, and on conviction thereof, shall be punishable by imprisonment not exceeding three years, or by fine not exceeding five hundred dollars, or by both such fine and imprisonment in the State prison, at the discretion of the Court. SEC. 55. Every bank, association or individual banker, organized under the provisions of this act, and issuing bills of circulation, shall, before issuing any such bills or notes, appoint an agent, who shall keep an office in the city of Detroit for the redemption of circulating notes issued by such bank, association or individual banker, which shall be presented to such agent for redemption or payment. It shall be the duty Circulating Notes of every such bank to redeem and pay on demand all circulain city of Detroit ting notes issued by said bank, presented for redemption or one half of one payment at the office of their said agent in the city of Detroit, to be redeemed on demand at per cent. Appointment of Agents to be in writing. Appointment may be revoked. be published. at onehalf of one per cent. discount, and every such bank, whose agent shall neglect or refuse to redeem their notes on demand at the rate aforesaid, shall pay to the person making such demand, interest at the rate of twenty per cent. per annum upon the notes so demanded, and if such redemption. and payment of interest is not made at said agency within ten days from the time when first demanded, the same proceedings shall be had as are by this act provided in case of refusal by any bank to redeem its bills when presented at its own office. SEC. 56. Such appointment shall be in writing, and a copy thereof shall be delivered to the State Treasurer and filed in his office, before he shall deliver to such bank, association or individual banker, any notes or bills countersigned as afore said; and any bank, association, individual banker or other person, may be an agent for the purpose of this act; and if any such bank or banker shall omit to appoint such agent before commencing, the State Treasurer shall appoint such agent for such bank. SEC. 57. Appointments of agents made in pursuance of this act, may be revoked and new appointments made from time to time, by delivering such revocation and appointment to the State Treasurer, who shall cause the same to be published as hereinafter mentioned. Appointment to SEC. 58. The Treasurer shall, immediately after the receipt of such appointment, cause the same to be published in some newspaper published in the city of Detroit, for such time as he may deem proper, the expenses whereof shall be paid by such bank, association or individual banker. to Banks not to take up Notes at less to than amount due SEC. 59. Nothing herein contained shall be construed as authorize any bank, association or individual banker, purchase, buy in or take up, directly or indirectly, their circulating notes, at an amount less than what purports to be due thereon, at any other place, or in any other manner, than is directed in and by this act. thereon. submitted to SEC. 60. This act shall be submitted to the electors of this This Act to be State, for their approval or disapproval, at the next general Electors. election. At said election a ballot box shall be provided and kept by the several Boards of Inspectors thereof, for receiving Manner of voting the votes cast for or against this act; and on the ballot shall be written or printed, or partly written or partly printed, the words "A General Banking Law, Yes," or "A General Banking Law, No." SEC. 61. The canvass of the votes cast for or against this act, and the returns thereof, shall be made by the proper canvassing officers, within the same time, and in the manner as now provided by law for the canvass and the return of the votes cast at the said general election, and the result be declared by the board of canvassers at the same time and manner as the result of the canvass for State officers; and if it shall appear that a majority of the votes cast at such election have thereon "A General Banking Law, Yes," this act shall become a law, and take effect within sixty days after said general election. on the question. not to be issued. SEC. 62. It shall not be lawful for any bank, association or Fractional Bills individual banker organized under the provisions of this act, to issue circulating notes for fractional sums of money. NATURALIZATION OF ALIENS. ABSTRACT OF THE LAWS OF THE UNITED STATES IN RELATION Who may be admitted as Citi zons. Form of Declara tion; to be made admission; before whom made. Act of May 26, 4. 8 Cranch, 335. 7 do 420 2 Galli., C. C. R., 11. Peters C. C. R., 457. SECTION 1. Any alien, being a free white person, may become a citizen of the United States, or any of them, on the following conditions, and not otherwise: SEC. 2. First, that he shall have declared, on oath or two years prior to affirmation, before the Supreme, Superior, District, or Circuit Court, of some one of the States, or of the territorial districts 1-24, Sec. 3, and of the United States, or a Circuit or District Court of the Story, 1973, 393. United States, or before the Clerk of either of such Courts, two years at least before his admission, that it was, bona fide, his intention to become a citizen of the United States, and to renounce forever all allegiance and fidelity to any foreign Act of April 14, prince, potcntate, state, or sovereignty whatever; and paricularly, by name, the prince, potentate, state or sovereignty, whereof such alien may, at the time, be a citizen or subject. Certain persons SEC. 3. From this condition are exempted, any alien, being preceding provi- a free white person, who was residing within the limits and Act of March 26, under the jurisdiction of the United States at any time 1802. Story, 850. exempted from sions. 1804, Sec. 1. Stǝry, 942. Admission of Mi nors who arrive States when not between the eighteenth day of June, 1778, and the fourteenth day of April, 1802, and who has continued to reside within the same. SEC. 4. Any alien, being a free white person and a minor, in the United under the age of twenty-one years, who shall have resided in eighteen the United States three years next preceding his arrival at Act of May 26, the age of twenty-one years, and who shall have continued over years of age. 1824, Sec. 1. Story, 1973. to reside therein to the time he may make application to be admitted a citizen thereof, may, after he arrives at the age of twenty-one years, and after he shall have resided five years within the United States, including the three years of his |