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CHAPTER 467.

OF OFFENCES AGAINST PUBLIC POLICY.

AN ACT TO PREVENT THE PROCURING OF DEPOSITS OF MONEY IN THIS STATE WITHOUT LAWFUL AUTHORITY.

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

Section 1. That after the approval of this Act any person, firm, or association of individuals or any agent or official of any corporation, who shall in any manner represent or hold out him, her, themselves or itself, whether by public advertisement, placard, hand bill or otherwise, as engaged in the receipt of deposits of money as a saving fund, bank or trust company or any business substantially similar thereto within the boundaries of the State of Delaware not being authorized under the laws of this State to engage in such business or any business substantially similar thereto, shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be fined in a sum not exceeding two hundred dollars or imprisonment for a term not exceeding one year, or both, at the discretion of the Court.

Section 2. That when the name of any person or persons, firm, association or corporation appears in or on any hand bill, placard, advertisement or other representation advertising or holding out such person, firm, association or corporation as engaged in such business within the boundaries of the State of Delaware it shall be prima facie evidence of its presence there by the authority and with the knowledge of such person, firm, association or corporation and of the officers and representatives in this State of such corporation.

Approved March 21, A. D. 1903.