17:9A-10 - Hearing on application for charter; notice and publication - New Jersey Statutes

17:9A-10.  Hearing on application for charter;  notice and publication
    If the commissioner shall find that the certificate of incorporation and the  affidavit specified in section 9 comply with the requirements of this act, he  shall designate a time and a place for a hearing upon the application for  charter, which shall be not less than six weeks and not more than eight weeks  after the date of the submission of the application for the charter to the  commissioner.  Within ten days from the day upon which the commissioner makes  such designation, the incorporators shall cause publication to be begun of a  notice of the application for charter. Such publication shall be made once a  week for four successive weeks in one newspaper to be designated by the  commissioner, published and circulated in the municipality in which the bank or  savings bank proposes to maintain its principal office, or, if there be no such  newspaper, then in one published in the county in which the bank or savings  bank proposes to maintain its principal office, or in an adjoining county, and  which has a general circulation in such municipality.  The notice shall specify  the names of the proposed incorporators, the name of the proposed bank or  savings bank, the location of its principal office, the amount of its capital  stock and surplus or the amount of its capital deposits, as the case may be,  and the time and place fixed for the hearing. At least three weeks before the  date set for hearing, the incorporators shall cause a copy of the notice to be mailed to every banking institution which has its principal office or a branch  office within five miles of the place where the principal office of the  proposed bank or savings bank will be located, and to such other banking  institutions as the commissioner may designate.

     L.1948, c. 67, p. 186, s. 10.