Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1852-06-03
VOL. V.--N0. %.

~ Hat1iOS anu places OF resi-
dence OF the shareholders and the number
OF shares held by each Of them respective.
Iy. ''''
5th. The period at which such associ-
alton shall commence and terminate -
which certificate shall be acknowledrej
and be recorded in the Office of register of
deeds OF the county where anv office Of
such association shall be established. and
a copy thereof filed in the Office of the
state treasurer and of the COMPTROLLER
and upon the recording of which certif
cate: the person or association of persons
aforesaid, for and during the time fixed in
the certificate, and by such name shall
have power to contract with. and shall
have all other powers, privileges and i'm
munItIes incident to corporations. as pro-
'Ided IN chapter 81, title >, of the re
vlsed statutes of this state
Sec. 20. A copy of the certificate re
quired by the preceding section dulv GER
titled by the register Of deeds of the coun-
ty, or comptroller, or either # those Off
GERS, may be used as evidence in all courts
and places, for or against any such aSso-
cation, or any other person for or against
whom any such evidence may be ncccssa-
ry on any civil or criminal trial
Sec. q. Such association shall have
power to carry on the business of bank
ing by discounting bills. notes. and other
evidences Of debt, by receiving dcpoS;ts
by buying and selling gold and silver bull
ion foreign coin and foreign aud inland
bills Of exchange; by loauiug money on
real an personal securities. and By exer-
cislng such incidental powers as NAV be
necessary to carry on such business NAV
choose one of their number as president
and appoint a cashier and such other Off
GERS and agents as their business NAV re-
qulre; but no association or banker Shall
commence the business of banking under
tins act until such association or banker
shall have deposited with the treasurer
the securities required By law. to the a.
mount Of twenty-five thousand dollars
exclusive of the bonds Of directors or
stockholders.
Sec p The shares Of such associa-
ton shall be deemed personal property.
and shall be transferable on the books Of
the association, in such manner as NAV
be agreed on in the articles of association.
aud every person becoming shareholders
by such transfer, shall in proportion to
his shares, succeed to all the rights. and
be subject to all the liabilities Of prior
shareholders. No change shall be made
In the articles of association by which the
rights. remedies or securities of its exist
ing creditors shall be weakened or impair
ed such association shall not be dissoly-
cd by the death or insanity Of any one Of
the shareholders therein.
Sec. 3. In case the maker or makers
of any circulating note or notes. counter
signed and registered as aforesaid shall at
any time hereafter, on lawful demand du
ring the usual hours of business. between
the hours Of ten and three o'clock. at the
place where such note or notes are pava-
bic, fail or refuse to redeem such note or
notes IN the lawful money Of the United
States; the holder or holders Of such note
or notes making such demand. NAV cause
the same to be protested, in one package
for non-payment, by a notary public. un-
der his official seal, unless the president
cashier or teller shall offer to waive de
mand, and notice of the protest. and shall
IN pursuance of such offer. make sign and
deliver to the party making such demand
on admission IN writing stating the time
OF the demand, the amount demanded.
and the fact of the non-payment thereof.
and the bank comptroller on receiving and
fleing In his Office such admission or pro-
test together with such note or notes
shall forthwith give notice in writing to
the maker or makers of such note or notes
to pay the same, and if they omit to do so
for five days after such notice. the bank
comptroller shall Immediately thereupon
(unless he shall be satisfied that there is
good and legal defence against the pay
ment OF such note or notes) give notice
that all the circulating notes issued bv
such person or association of persons will
be redeemed out of the trust fund in his
hands for the purpose. which notice shall
be given by publishing the same in some
newspaper printed in the county where
the business of such association is estab-
lished, or in case there Is no newspaper
printed IN such county, such notice shall
be published IN some newspaper printed
at the seat of government in this state.
and the comptroller shall be required 10
apply the trust funds belonging to the ma
ker or makers of such protested note or
notes to the payment pro-rata. of all cir
notes whether protested or not
put in circulation by the maker or kers
of such protested note or notes pursuant
to the provisions of this act. and to adopt
such measures for the payment Of such
notes as will in his opinion most effectual-
ly prevent loss to the holders thereof.
Sec. "a. In case such person or asso-
citation of persons, shall fail or refuse to
pay such bill or notes on demand in the
manner specified in the preceding section
of this act. the controller, after the exria-
ton Of the five days notice mentioned in
the preceding section, shall after giving
thirty days notice by publication in some
newspaper printed at the seat Of govern
ment Of this state, aud in one daily paper
published in the city of New York: pro
ceed to sell at the Merchants Exchange
IN the city of New York at public auction
the securities so pledged, and out of the
proceeds of sale shall pay and cancel all
the bills or notes which have been issued
and put in circulation BY such association /
under the provisions of this act. to be ap-
ptipd Ur0-rara IN the ravnart or al g,,.l .