CO129-470 - Public Offices - 1921 — Page 630

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1 shall furnish a true copy of the report to each of its stock-

2 holders.

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or (2) detrimental to the business interests and good will of

2 the United States. The cost of the examination shall be paid

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SEC. 13. That every dividend declared by the corpora-

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by the corporation upon the demand of the Secretary of Com-

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tion shall be derived wholly from the surplus profits of its

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merce. If the corporation fails to pay such costs upon such

5 demand, the Secretary of Commerce may collect the amount

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of the costs in a civil suit against the corporation brought in

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the name of the United States.

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SEC. 16. That the Secretary of Commerce may suspend

5 business, to be determined in such manner as shall be by

6 regulation prescribed.

SEC. 14. That the Secretary of Commerce and the 8 Secretary of State are authorized jointly to prescribe and 9 promulgate such regulations, not in conflict with the provi-

10 sions of the Act, as they deem necessary to carry into effect

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9 the charter of a corporation whenever, with or without ex-

10 amination as provided in section 15, he becomes satisfied that the business and affairs of the corporation are conducted

or have been conducted within the year last preceding in a manner (1) contrary to the provisions of this Act or any other law or treaty of the United States, or of the articles of incorporation or by-laws of the corporation, or (2) detrimental to the business interests and good will of the United States. Such suspension shall not take effect until ten

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the provisions and purposes of this Act, including the manner and form in which the corporation shall keep its records and

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accounts and the amounts of any fees authorized to be pre-

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14 scribed by regulation. The Secretary of Commerce is

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15 authorized to issue such orders, not in conflict with the pro-

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visions of this Act, as he deems necessary to carry into

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effect the provisions and purposes of the Act. All fees

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paid under this Act shall be covered into the Treasury of

the United States as miscellaneous receipts.

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days after the Secretary of Commerce files suit in the United 19 States Court for China for revocation of the charter of the

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SEC. 15. That the Secretary of Commerce may ex-

anine the business and affairs of the corporation whenever

22 he has reason to believe that such business and affairs are

23 being conducted in a manner (1) contrary to the provisions

24 of this Act or any other law or treaty of the United States, or

25 of the articles of incorporation or by-laws of the corporation,

20 corporation. Upon the petition of the corporation to the

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court at any time within ten days after such suit is filed the court may in its discretion stay the suspension for such time

23 up to its final decision in the suit as it deems advisable. The

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court shall revoke the charter of the corporation if it finds

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