4. A statement of receipts and disbursements during the preceding year; 5. Salaries paid each of its officers; 6. A statement of its assets and liabilities at the end of the year, and the nature thereof in general terms; state to issue 7. Any other fact which the state bank examiner may require. Upon receipt of all such instruments as are required, and the Secretary of filing thereof, the secretary of state, upon the recommendation certificate, of the state bank examiner, shall issue a certificate authorizing when such corporation to do business in this state. each year SEC. 7. On or before the first day of March of each year, Statement every building and loan association doing business within this filed March 1 state, whether domestic or foreign, shall cause to be filed in the office of the state bank examiner a statement of its affairs as is required in the next preceding section, and shall cause a copy thereof duly certified by the state bank examiner to be published at least four times in some newspaper in this state and having a general circulation therein, such publication to Published by May 1 each be completed on or before the first day of May and proof thereof year filed in the office of the state bank examiner. examina attorney SEC. 8. If any domestic building and loan association shall Refusal of refuse to submit to an examination by the state bank exam- tion, iner, he shall advise the attorney-general thereof, who shall general proceed to wind up its affairs; and if any foreign association to act shall refuse to submit to such examination, the bank examiner shall so advise the attorney-general who shall then proceed by quo warranto to prohibit any such corporation so refusing from continuing to do business in this state. forfeits right tion to do SEC. 9. When, in the opinion of the state bank examiner, Illegal acts any such corporation is conducting its business illegally, or in of corporaviolation of its articles of incorporation or by-laws, or is prac- business in ticing deception upon its members or the public, or is pursuing Nevada a plan that is injurious to the interests of such members, or if he is satisfied that its affairs are in an unsafe condition, he shall notify the directors or managers, and if it shall not immediately amend its course, or put its affairs upon a safe basis, he shall, in the case of a domestic corporation, advise the attorney-general thereof, who shall take the necessary steps to wind up its affairs; and in the case of a foreign corporation he shall also advise the attorney-general, who shall thereupon. proceed by quo warranto to prohibit any such corporation from continuing to do business in this state. tions must file statements with SEC. 10. Within sixty days after the taking effect hereof All associaeach building and loan association doing business in this state immediately shall file with the state bank examiner the statement hereinbefore required, and each such foreign association shall file a bank copy of its articles and by-laws with the secretary of state and shall obtain its certificate of authority, or on failure or refusal to do so, shall forfeit its right to do business in this state. SEC. 11. Any officer or agent of any building and loan examiner Officers of association liable for illegal acts Penalty Annual license, $100 Licenses constitute fund for expense of association who shall do or attempt to do any business for any such association which does not hold a certificate of authority therefor, as in this chapter provided, or which shall fail or refuse to file with the state bank examiner the annual statement herein required, shall be guilty of a misdemeanor for each and every such offense, and shall be personally liable on any and all contracts made in this state by him for and in behalf of such company during the time it shall remain so in default. SEC. 12. All foreign building and loan associations doing business in this state shall, on or before the first day of March of each year, pay into the office of the state controller an annual license of one hundred dollars ($100). SEC. 13. All moneys received from such annual licenses by the state controller shall be paid into the state treasury to constitute a fund to be used by the state bank examiner to defray examination the expenses of examination of building and loan associations. SEC. 14. An act entitled "An act for the regulation of Previous act foreign building and loan societies doing business in the State of Nevada, approved March 13, 1905, is hereby repealed. repealed dormitories Wells CHAP. 228-An Act authorizing the board of county commissioners of the county of Elko to issue bonds to provide for the construction, equipment, and furnishing of high-school dormitories in the towns of Elko and Wells, Elko County, Nevada, and providing for the ratification thereof, by special or general election, before the issuance of any bonds, and authorizing the county board of education of said county to construct, equip, and furnish said building. [Approved March 24, 1915] The People of the State of Nevada, represented in Senate and SECTION 1. The board of county commissioners of Elko High-school County is hereby authorized, empowered, and directed to preat Elko and pare and issue bonds of said county, said bonds to be issued $55,000 bonds on or before the first day of January, 1917, for an amount not to exceed the sum of fifty-five thousand dollars, exclusive of interest, for the purpose of providing funds for the construction and equipment of high-school dormitories in the towns of Elko and Wells, in Elko County, upon a site to be chosen by the county board of education. Question SEC. 2. Before issuing said bonds or incurring any indebtedness or commencing the construction of said dormitories, or either of them, the question of the issuance of said bonds shall be submitted to a vote of the electors of Elko County, either at the next general election or at a special election to be held as hereinafter provided. per cent of election SEC. 3. Upon petition of 40 per cent of the qualified electors Petition-40 of Elko County (using the highest vote cast at the last general voters-calls election for justice of the supreme court) filed with the board of special county commissioners of Elko County requesting the calling of a special election for the purpose of voting upon the issuance of said bonds, it shall be the duty of the board of county commissioners to call such special election and submit to the electors of Elko County the question of the issuance of said bonds. Said special election and the call therefor shall be held not sooner than 40 nor later than 60 days after the filing of such petition, and there shall be printed upon the ballots at such special election the following: For the erection of high-school dormitory at Elko-- Yes.. No Form of Yes. ballot election submitted vote sanc For the erection of high-school dormitory at Wells. If no special election be held, such question shall be submitted If no special to the electors of Elko County at the next general election, and question shall in like manner and form be printed upon the general at general election ballot. If a majority of the electors voting thereon election at a special or general election vote yes, said board of county Majority commissioners shall forthwith cause said bonds to be prepared tions bonds and made ready for issuance. Said bonds shall be signed by the chairman of the board, countersigned by the county treasurer, and authenticated by the seal of the county; coupons for interest shall be attached to each bond so that the same may be removed without injury to the bond, and each of such coupons shall be consecutively numbered and signed by the chairman of the board and the county treasurer. bonds SEC. 4. The clerk of the board of county commissioners Record of shall keep a record of all proceedings under the provisions of this act, showing the number and date of each bond, and to whom issued. of bonds SEC. 5. The board of county commissioners of Elko County Negotiation is hereby authorized to negotiate the sale of said bonds, or such number thereof as they may deem necessary, by advertising for sealed proposals, or by private sales, as they may deem for the best interests of the county, and may reject any and all bids; provided, that no bonds shall be sold for less than par value; and provided further, that all bonds shall be made for gold coin of the United States, and the interest thereon shall be payable in like gold coin. $500 each SEC. 6. Said bonds shall be each for the sum of five hundred Bonds, dollars. They shall be numbered consecutively and the interest on the same shall not exceed six per cent per annum, payable annually, on the first Monday in July of each year, at the office of the county treasurer of said Elko County, and in no Life, 20 years case shall said bonds run for a longer period than twenty years. County SEC. 7. All moneys derived from the sale of said bonds shall "The Elko be paid to the county treasurer of said county, and the said Dormitory treasurer is hereby required to receive and safely keep the Fund" Board of education to erect dormitories Balance, how used Board of education to acter of buildings, etc. as same in a fund hereby created and known SEC. 8. The county board of education of Elko County is hereby authorized and directed to use said moneys arising from the sale of said bonds, or such number thereof as they may deem necessary, for the construction, equipment, and furnishing of such dormitory or dormitories, and any balance remaining in said fund, after the completion, equipment, and furnishing of said building, shall be turned over and converted into the proper fund provided for running and maintaining said high school, in accordance with and pursuant to the provisions of law pertaining to the establishment, maintenance, and management of high schools in the various counties of this state. SEC. 9. Said county board of education shall determine as to the character of said building, the materials to be used decide char- therefor, and the plans therefor, and when such determination is made said board shall advertise for bids for the construction of said county high-school building, and let the construction. thereof by contract to the lowest and most responsible bidder. The laws in force governing contracts by boards of county commissioners are hereby made applicable to and the same shall govern the action of the county board of education in carrying out the provisions of this act. All demands and bills contracted by said county board of education shall be paid in the manner now provided by law for paying claims against the State super- "County High School Fund"; provided, that no such bills shall be allowed until the plans for said high-school building shall have been approved by the state superintendent of public instruction. intendent to approve Board of education to select sites Treasurer responsible Fund for payment of bonds SEC. 10. As soon as possible after the passage and approval. of this act, or after this act shall become a law, the county board of education of Elko County shall proceed to select an appropriate site for said dormitory building in the towns of Elko and Wells in said county, and the county board of education of said county and the county commissioners of said county shall thereafter, with all expedient dispatch, proceed to the execution of the purposes of this act. SEC. 11. The county treasurer of said Elko County shall be liable on his official bond for the safe keeping of the moneys which shall come into his hands under the provisions of this act, and for the faithful discharge of all his duties in relation thereto. SEC. 12. For the purposes of creating a fund for the payment of the bonds authorized by this act, and the interest thereon, the board of county commissioners of said Elko County is hereby authorized and required to levy and collect annually a special tax on the assessment value of all property, both real and per- Special tax sonal, subject to taxation, including proceeds of mines within the boundaries of said Elko County, until such bonds and the interest thereon shall have been fully paid, sufficient to pay the interest on said bonds and to pay and retire, beginning with bond number one, and consecutively thereafter, five of said bonds annually, beginning with the first Monday in July, 1917, until all of said bonds have been redeemed and retired. Such tax shall be levied and collected in the same manner and at the same time as other taxes are assessed and collected, and the proceeds thereof shall be kept by the county treasurer in a special fund to be known as the "Elko County Dormitory Fund? Interest and SEC. 13. It shall be obligatory on the said county and on of bonds its proper officers to pay in full the accrued interest on said bonds, beginning on the first day of July after the issuance of said bonds, and thereafter on the first day of July in each and every year, until all of said bonds shall have been redeemed and retired. redemption when SEC. 14. Whenever the bonds and interest provided for in Tax ceases, this act shall have been fully paid, the tax authorized by the act shall cease, and all moneys remaining in said bond fund shall, by order of the board of county commissioners of said county, be transferred to the general fund. SEC. 15. Whenever the county treasurer shall redeem any Treasurer to cancel paid of the bonds issued under the provisions of this act, he shall bonds cancel the same by writing across the face thereof "Paid, together with the date of such payment, sign his name thereto, and turn the same over to the county auditor, taking his receipt therefor, which receipt shall be filed with the clerk of the board of county commissioners, and the auditor shall credit the treasurer on his books for the amount so paid. SEC. 16. Should the holder of said bonds, or any of them, Interest for any cause whatever, fail to present said bonds to the said ceases, when county treasurer for payment when they become due, all interest on such bonds shall thereafter immediately cease. pledged SEC. 17. The faith of the State of Nevada is hereby pledged Faith of state that this act shall not be repealed, nor the taxation thereby imposed be omitted, until all the bonds and coupons issued hereunder and by virtue hereof shall have been paid in full, as in this act specified. CHAP. 229—An Act authorizing the board of regents of the University of Nevada to lease a college farm, and appropriating the sum of ten thousand dollars therefor. [Approved March 24, 1915] The People of the State of Nevada, represented in Senate and SECTION 1. The board of regents of the University of Nevada is hereby directed, authorized, and empowered to lease, upon |