Du Buque visitor. [volume] (Dubuque, Lead Mines, Wisconsin Territory) 1836-1837, 1837-01-11
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ENO. SO
called tor that purpose; a maior;tv If
all the votes being given thereior.iun-
der such regulations, restrictions and
conditions, as the stockholders shall at
such meeting judge proper, to any u
mount not exceeding five hundred
thousand dollars. ~
SEC. II. That the property ofeverv
individual member Of the said corporate
| funds shall! be liable in the same man man.
neras other personal property----is liza.
BILE by the laws of the territory to the
payment aud satisfar1im Of Ills lust
debts, to any Of his bona fidc credffors.
and when any execution shsil be issu-
led against the personal property Of any
isuch individual member, and the cred.
itor is DESTROYS that the same should be
levied upon the property Of such debt
or in the said corporate funds, the Off
Ger to whom such execution NAV be
directed, shall levy the same BIZ leav-
ling with the cashier of said bank an
attested copy Of such execution, and
written notice that said execution is le-
We'd upon the property Of the saiddebt.
or in the said corporate funds, and such
property, thus levied upon, shall be
sold in the same manner as is or shall
by law be provided for the sale ofper-
sonal property taken in execution, and
such corporate funds thus levied upon
and sold shall be.transferre,lto the pur-
chaser by entering in the proper book
Of such corporation copy Of the said
execution and statement of the sale
of such property by virtue thereof,
which entry the officer serving such
execution shall be permitted to make.
Provided, that no property vested in
the said corporate funds shall be thus
taken and sold until all the debts due to
the said bank, Ivy such debtor either
as drawer or endorser of any note or
otherwise shall be fully discharged, &
upon any execution being levied on a.
ny shares in said bank, it shall be the
duty ofthc cashier Of said bank to ex.
pose the proper books Of the corpora.
ton to the officer, to furnish him
with certificate under his hantlin his
official capacity, stating the number Of
shares the debtor holds in said bank,
and the amount Of dividends thereon
due
Sec. Is. That the said corporation
shall not take more than seven per
centnin per annum on its loans and dis
counts, in advance.
Sec. l9. That this act be, and the
same is hereby declared to be public
act, and thatthe same be, for the time
herein before limited, construed IN alt
our courts and places, benignly and IA
vorably for every beneficial purpose
therein mentioned.
Sec. 90. That no note or bill shall
be issued by said corporation ola less
denomination than five dollars: Provi-
ded that nothing herein contained shalt
be construed to deprive the legislative
assembly in four years from this time
from prohibiting the issuing Of notes
from this bank Ola less denomination
: than ten dollars, and in ten years. from
this time Of less denominations than
twenty dollars, if the legislative aSsef1-
bly, shall deemit expcdicnt so to do.
i SEC. 81. Be it further. enacted, that
in case the legislative assembly ofthis
territory, or the legislative authorities
which may hereafter exist ia any state
to be erected in this territory in which
said bank may be located, shall deem
it fit and expedient for the better ,regu-
lating Of banking operations, to require
a deposit in general safety fund for
this and the several banks hereafter to
be created, with view to the adoption
of general system in said territory
or state, similar to that now in opera
ton in the state of N. York, and known
as the safety fund system, that then 4
in that case this charter shall be subject
SO far to be altered or amended as To-
make it conform to such safety fund
system, and no further.
Sec. 22. This act shall take effect
and be in force from; and after the first
Monday ID May next, and thatif said
corporation shall fail to go into opera
ton, or shall abuse or misuse theirpri-
vileges under this charter, itsba3 Abe
lin the power of the legislative assem-
bly, Of this territory, at any time, to an-
null and vacate and make void this char.
ter. (signed) p. H:,ENGLE, q
tfs HENRY S. BAIRD III
Pendent cf ne Cssne;l1.
!, Approved Nov. 80, 1886. ..... s.s,
: III. DODGE. y,