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Excerpt from Iowa Law Relating to Inspection of Stocks, Bonds and Securities to Prevent Fraud and Providing Penalties for Violation Thereof Commonly Known as the Blue Sky Law Passed by the 36th General Assembly, 1915: In Effect April 28, 1915 Section 22. Any person, firm, association, com pany or corporation, or any agent or representa tive thereof, whether subject to the provisions of this act or otherwise, that sells, offers for sale or negotiates for the sale of any stocks, bonds, or other securities within this state, and knowingly makes any false representations or statement as to. The nature, character or value of such security, or the amount of the earning pcwer of such security whether in the nature of interest, dividends or otherwise, or knowingly makes any false or fraudulent representation concerning the financial condition, the assets or the property of the comp-any, firm or corpora tion issuing said security, or knowingly makes any other false or fraudulent representation to any person for the purpose of inducing said person to purchase said security, or conceals any material fact in the advertisement or pros pectus of such security for the purpose of mis leading or defrauding the purchaser, shall be guilty of a misdemeanor and upon conviction be punished by a fine of not more than two thousand dollars or by imprisonment of not to exceed six months in the county jail, or by both such fine and imprisonment. Section 23. Should any section of this act orany part thereof be held by any court of com petent jurisdiction to be unconstitutional, such decision shall affect the specific provision only which it is held offends against the constitution and said unconstitutional part shall not be held to be an inducement to the passage of any other section or provision of this act. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an importa