Du Buque visitor. [volume] (Dubuque, Lead Mines, Wisconsin Territory) 1836-1837, 1837-01-11

iS ISL u ). .44
his, her9or their assignee or assigns, so
as absolutely to transfer aud vest the
property thereof in each and every
assignee or assigns respectively, so as
to enable such assignee or assigns to
bring and maintain an action therefor
in his, her or their own names, and
bills or notes which may be issued by
order Of said corporation promising
the payment to any person or persons,
his, her or their order or to bearer,
though not under the seal Of said COR
poration, shall be bind;eg and obliga-
tory, upon the same in like manner
and with like force and effect as upon
any privatcperso srpersons, if issued
by him, her or them, in his, her or
their private or natural capacity or ca
pacities and shall be assignable or ne
gotiable in like manner as if they were
issued by such private person orpcr-
sons. and if such bills obligatory and Of
credit and such bills and notes
issued as aforesaid arc not paid
when the same are due and demanded
at the banking house Of said bank in the
legal coin of the United States, the said
corporation shall be dissolved.
SEC. 10. That each stakeholder shall
be entitled at elections and on all other
questions, to the number Of votes pro-
portional to the number Of shares which
he or she shall hold in his or her own
name according to the following ratio,
10 wit:-(or each share and not exccc-
ding ten shares, one vote; for every
two shares above ten and not exceed
ing fifty shares, one vote; for every
five shares above fifty and not exceed
ing one hundred shares, one vote; and
for every ten shares above one hum
dred, one vote; and no stakeholder un-
less actually resident within the Uni
TED States, shall vote at elections or on
any other occasion by proxy.
Sec. IL. That the directors, before
they execute any Of the duties ofthcir
offices, except choosing president,
shall scvcrally take an oath or aflirma-
ton that they will faithfully, diligent-
ly and honestly perform the duties Of
their respective Offices according to the
best Of their skill and abilities, which
oath or affirmation either of the direct-
ors is hereby authorised to administer
to the president, and then the president
shall administer the same to the other
directors, and to all such other officers,
clerks and servants Of said corporation
asby the byc-laws and ordinances there
Of may be required to take an oath oraf-
.firmation. -
SEC. l2s That the directors shall
make half yearly dividends, common
cling on the first Monday in February,
which will be in the year Of our lord
one thousand eight hundred and thirty
eight, of so much Of the profits of said
bank as tothcm or majority of them
shall seem advisable, and every cash.
Ter and clerk before they enter upon
the duties of their Offices, shall give
bond with two or more securities te
the satisfaction Of the directors, condi
toned for the faithful performance O
their duties.
Sec. l3. That no president or 9th
err director shall be entitled to any e,
molumcnt for their services unless the
same shall have been allowed by the
stockholders alta generalmeeting. -Four
directors shall constitute a board fol
the transaction OF business, Of whom
the president shall be one, except in
case Of necessary absence; when he
shall, in writing, appoint one of the di'
rectors to act as presidentprote mpore;
but for making ordinary discounts, such
number Of directors shall constitute
board as shall be required by the laws
Of said corporation. !,
SEC. ID. That general meeting Of
stockholders may be called whenever
the directors, or majority Of them,
shall Judge proper, Of which meeting
the directors shall give three weeks,
previous notice in anewspaper printcd
1 in the county Of Milwaukee, which no
Itice shall specify the object q such
meeting.
SEC. Is. That the stock Of such cor
4 poration shall be ossignablc according
10 the rules prescribed in the bye laws
Of said corporation, but no assignment
ar transfer shall be valid or effectua
until suci, assignment or transfer shall
he entered or registered in book Il
he kept for that purpose, nor shall any
stakeholder be capable of assigning 0
transferring his or her stock in the bank
until all notes, dues, and debts Of what
Isocvcr nature due to the said corpora
tion from such stakeholder, either q
drawer or cndorser Of any note or bi
or otherwise. shall be first paid an