Salt Lake Herald-Republican | 1913-01-21 | Page 7 | Would Chang Existing Law on Representations

WOULD CHANGE EXISTING LAW ON REPRESENTATIONS lUd out BUI Propone to Make It I F Felony Fel Fel- I- I ony 00 t to tn Tell Fell Tel Untruth About bout Ability to n J-n Under Uner the terms of ot a n bill bi Introduced by In Senator D. D O. O RIdeout b by request In tho the senate yesterday It la is made unlawful un un- lawful to knowingly mako make false Calse statements state stale ments In lit writing as to tho financial con condition and prosperity of ot a n compan comPanY p por or business for the purpose of securing loans or extensions of or credit The proposed propose act is an amendment to the compiled laws of or 1907 on this subject It I provides that any person who shall sheH knowingly make or causo to be bo rondo made directly or Indirectly falso talo statements respecting tho the financial Condition con con- or 01 ability to pa pay of at himself o or any oilier other person nl any firm or corp corpora corpora- ril tiou ton In whom he Inc In 19 Interested or 01 fo for tor whom wom ho Is 19 acting for the thu purpose o of at securing tho the deller delivery of ot personal ProPerty property prop prop- crt erty payment ament in iii cash making loans o of o o of at credit extension n of or credit discount bills of or exchange and so on shall bo ha I gull guilty o of a misdemeanor The Tine oS Is ts a flue fine of 1000 Imprisonment for tor no nomore not n-not more than thon six Ix months or both at th the thc discretion of or the court I I Tilt The bill hI was referred to the commit ten tee on Judiciary A similar bill bil was introduced In th the tho by my Alma 1 m S S on 1 eUn county jt it a also ao o it a to tho tIne name nam without olse 1 sanction for fOl the tue purpose of or ob oh ol- ol credit nil and that goodHO goods good oO 11 I it itala HO so 0 obtained must bo ho 10 returned If if I car ala bu u done lonc