139 N.W. 368 | S.D. | 1913
In this Case defendants were jointly indicted by a grand jury of Meade county charged with the offense of allowing and permitting shareholders of a bank to become indebted thereto at one time in excess of 50 per cent, of the paid-up capital stock of such bank, contrary to the provisions of sections 29 and 30 of chapter 222, Laws of 1909, and which indictment in substance was as follows: “The grand jurors of the state of South Dakota, within and for the county of Meade, Eighth judicial circuit, duly and legally impaneled, charged, and sworn according to law, in the name of and by the authority of the state of South Dakota, upon their oaths present: That Donald A. McPherson, Henry O. Anderson, -Henry E. Perkins-, Charles Francis, and Frank M. Stewart, late of said county, Yoemen, on the rst day of January, in the year of our Lord one thousand nine hundred and ten, at and in the county of Meade, and state of- South D'akota, aforesaid, within, the jurisdiction of this court, then and
It is asserted .by appellant in the brief that the trial court sustained the said demurrer on the sole ground that chapter 222, Laws of 1909, is unconstitutional and void, and in conflict with section 2i, art. 3, State 'Constitution. We are of the opinion that the record does not show upon what grounds the demurrer was sustained. We are also of the opinion that none of the grounds of demurrer to said indictment are well taken; but that said indictment sufficiently charges a public offense under sections 29 and 30 of said chapter 2.2,2.
The judgment and order appealed from are reversed, and the cause remanded to the circuit court for further proceedings in accordance with this decision.