Delaware General Assembly

CHAPTER 89

STATE BANK COMMISSIONER

AN ACT to amend Chapter III, Volume 30, Laws of Delaware, in relation to the State Bank Commissioner.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That Chapter 111, Volume 30, Laws of Delaware, be and the same is hereby amended by striking out and repealing, as they appear in the tenth and eleventh lines of Section 1 of said Chapter, the following words, to-wit : "Thirty-six Hundred Dollars," and by inserting in lieu of the said words so stricken out and repealed, the following words, to-wit : "Forty-two Hundred Dollars."

Section 2. That Chapter 111, Volume 30, Laws of Delaware, as amended by Chapter 111, Volume 33, Laws of Delaware, be and the same is hereby further amended by striking out and repealing, as they appear in the eighth, ninth, tenth and eleventh lines of, Section 2 of said Chapter as amended as aforesaid, the following words, to-wit :

"The Deputy shall receive an annual salary of Twenty-four Hundred Dollars, and the Clerk an annual salary of Eighteen Hundred Dollars, payable monthly, in full compensation for their respective services", and by inserting in lieu of the words so stricken out and repealed, the following words, to-wit:

"The sum of Eleven Thousand and Four Hundred Dollars is hereby appropriated annually to be used for salaries and wages of the Deputy, Clerk and other assistants of the State Bank Commissioner, who shall each receive, in full compensation for their respective services, such salary as shall be determined by the State Bank Commissioner, to be paid by the State Treasurer in monthly payments upon vouchers approved by the State Bank Commissioner."

Section 3. That Chapter 111, Volume 30, Laws of Delaware, be and the same is hereby further amended, by adding immediately after Section 13 of said' Chapter, a new Section, to be styled Section 13 A, as follows, to-wit:

"Section 13A. That the State Bank Commissioner shall have full and complete supervision over persons, associations, firms, partnerships, corporations, trustees or trustee systems, or any other combinations of persons whatsoever, which or who transact or attempt to transact the business of making small loans or loaning money as provided for or mentioned in 3554, Sec. 119 to 3562, Sec. 127 inclusive, of Article 29 of Chapter 100 of the Revised Code of Delaware, as amended, with all the powers, duties and responsibilities with respect thereto, as now provided by Law with respect to Banks, Trust Companies, Building and Loan Associations, and other corporations engaged in like business, and with like full power and authority to enforce all necessary rules and regulations as in the case of Banks, Trust Companies, Building and Loan Associations, and other Corporations engaged in like business."

Approved April 19, 1929.