Page:United States Statutes at Large Volume 53 Part 2.djvu/585

 53 STAT.] 76TH CONG., 1 ST SESS.-CH. 322 -JULY 18, 1939 shall be commenced, or which shall be issued in or upon any action, suit, or proceeding by any court, officer, or magistrate. "(d) It shall pay to the collector of taxes the following fees: "For filing an application for admission to do business in the Dis- trict of Columbia, $500; "For each certificate of authority and annual renewal thereof, $200. "(e) When a foreign association has complied with the provisions of paragraph (c) of said section 691-a, and the Comptroller of the Currency is satisfied that it is doing or will do its building and loan business in the District of Columbia in accordance with the laws of the District of Columbia, he may issue his certificate of authority to such foreign association to do a building and loan business in the District of Columbia. Annually thereafter, if the Comptroller of the Currency is satisfied as herein provided, he shall issue a renewal of such certificate. "(f) Should the Comptroller of the Currency find that such foreign association does not conduct its building and loan business in accord- ance with law, or that the affairs of such association are in unsafe condition, or if such foreign association refuses to permit examina- tion to be made, the Comptroller of the Currency may revoke the certificate of authority granted, after ninety days' notice, to such foreign association to do a building and loan business in the District of Columbia: Provided, That upon revocation of such certificate of authority the Comptroller of the Currency shall mail a notice thereof to the home office of such foreign association and cause a similar notice to be published in at least one daily newspaper of general circulation in the District of Columbia. After so notifying said home office and after the publication of said notice, it shall be unlawful for any agent of such foreign association to receive any further payments from shareholders residing in the District of Columbia. "(g) Every foreign association doing a building and loan business in the District of Columbia shall be subject to the same examination as are domestic associations and such examination may include exam- ination of all subsidiaries of such foreign associations and all business operations wherever apparent: Provided, That the Comptroller of the Currency may accept reports of examination by other supervisory agents in lieu of making such examinations and provided that all the . actual and necessary expense of such examinations of such foreign associations shall be paid by the association examined if said exami- nation is made beyond the limits of the District of Columbia, but if nmade within the limits of the District of Columbia, the cost of the examination to be at the same rate and upon the same terms as provided in section 691. "(h) Whenever any taxes, fines, penalties, fees, licenses, or con- ditions precedent are imposed by the laws of any State upon building and loan associations organized or incorporated under the laws of the District of Columbia, and doing business in the said State, in excess of the taxes, fines, penalties, fees, licenses, or conditions precedent imposed by the laws of the District of Columbia upon foreign associations doing a building and loan business in the Dis- trict of Columbia, the same taxes, fines, penalties, fees, licenses, or conditions precedent shall be imposed upon every association incor- porated under the laws of such State doing, or applying to do, a building and loan business in the District of Columbia, so long as such excess taxes, fines, penalties, fees, licenses, or conditions prece- dent are imposed by such State; and upon the failure of any associa- tion incorporated under the laws of such State to comply therewith the Comptroller of the Currency shall revoke the certificate of authority of such association to do a building and loan business 1061 Fees. Filing application. Certificate of au- thority; renewals. Issuance of certifi- cate of authority upon compliance with law. Annual renewals. Revocation provi- sions. Proviso. Notice to home office; publication in local daily newspaper. Transactions there- after unlawful. Examinations. Proviso. Acceptance of re- ports by other slper- vislory agnlts. Exanmiuit ion ex- pelnss. countervailing taxes, etc.

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