7 5TH CONG RESS , 1sT SESSION-CH . 76 0 AUGUST 25, 1937
797 courts) of forgery, embezzlement, obtaining money under false pre- ten ses, exto rtion, cr iminal co nspiracy to defrau d, or oth er like o ffense or offenses and a duly certified or exemplified copy of the record in such proceedings shall be filed with the Commission, the Commission shall revoke forthwith the license by it theretofore issued to the licensee so convicted . In the event that any licensee shall be indicted in the District of Columbia or any State or Territory (including Federal courts) for for gery, embezz lement , obta ining money under f alse p retens es, ex tor- tion, criminal conspiracy to defraud, or like offense or offenses, and a certified copy of the indictment be filed with the Commission, or other proper evidence thereof be to it given, the Commission shall hav e authori ty, in it s discret ion, to s uspend th e license issued t o such licensee pending trial upon such indictment . No license shall be issued by the Commission to any person known by it to ha ve been, within fi ve years theretof ore, conv icted of forgery, embezzlement, obtaining money under false pretenses, extortion, criminal conspiracy to defraud, or other like offense or offenses, or to any copartnership of which such person is a member, or to any as sociation or corpo ration of which sa id perso n is an o fficer, d irector, or employee, or in which as a stockholder such person has or exer- ci ses a contro lling intere st eit her di rectly or ind irectl y . In the event of the revocation or suspension of the license issued to any member of a copartnership, or to any officer of an association or corporation, the license issued to such copartnership, association, or corporation, shall be revoked by the commission, unless, within a time fixed by the commission, where a copartnership, the connection therewith of the member whose license has been revoked shall be severed and his interest in the copartnership and his share in its activities brought to an end, or where an association or corporation, the offending officer shall be discharged and shall have no further participation in its activity . PEN ALTIE S SEC . 16.. Any person or corporation violating any provision of this Act shall upon conviction thereof, if a person, be punished by a fine of not more than $500, or by imprisonment for a term not to exceed six months, or by both such fine and imprisonment, in the discretion of the court ; and, if a corporation, be punished by a fine of not more than $1,000 . Any officer, director, employee, or agent of a corpora- tion, or member, employee, or agent of a firm, partnership, copart- nership, or association, who shall personally participate in or be accessory to any violation of this Act by such firm, partnership, copartnership, association, or corporation, shall be subject to the penalties herein prescribed for individuals . This Act shall not be construed to release any person, partnership, association, or corporation from civil liability or criminal prosecu- tion un der th e laws apply ing to the D istrict of Co lumbia . All prosecutions for violation of this Act shall be begun in the police court of the Distr ict of Colum bia in the na me of the Di strict of Columbia and under the direction and charge of the corporation counsel of the District of Columbia . The corporation counsel of the District of Columbia and his assistants shall also be counsel for the Commission in all suits to which it may be a party, and shall advise the Commission and at its request attend any and all hearings which it may hold i n the perfor mance of its duties hereu nder . Penalties. Prosecutions .
