Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1852-06-03
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F. 8ONGIHCI OA JulS state Is lGIGDN auInOElZ
ed and required, so soon as this act shall
be in force, to appoint, by and with the
4 consent Of the senate, bank comptroller
who shall hold his Office until the first
Monday in January, A D. 1854, and un
til his successor is elected and qualified
At the general election to be held in this
state on the Tuesday next succeeding the
first Monday in November, 4. d. 1888
and every two years thereafter there shall
be elected by the people, bank comp
troller, whose term of Office shall com.
mence on the first Monday in January
A d. 1854, and continue two years, until
his successor is elected and qualified, the
I canvass and return of the election of said
bank comptroller shall be made in the
same manner as the election of other state
/ officers are canvassed and returned.
The compensation of bank comptroller
shall be, including Office rent, clerk hire
stationery, fuel and all other contingent
+ expenses, two thousand dollars per annum
to be paid out Of the state treasury. in the
same manner as other state officers are
paid. The bank comptroller shall, before
he enters upon the duties of his Office.
take and subscribe the oath required by
the constitution, and give bond to the
state Of Wisconsin in the sum of fiftv
thousand dollars. with not less than ten
sureties, who shall be resident freeholders
Of this state; said bond to be condition
ed, approved and preserved in the execu-
tive otGce IN the same manner as is proyi-
ded for the state treasurer's bond. In sec
tlon p, chapter 9, Of the revised statutes
The bank comptroller shall keep his Office
. at the seat of government Of this state
and carry into effect the provisions of this
act in the manner hereinafter specified .
Provided. that the salcry Of the cOmptroI-
Ter shall in no case exceed the amount
paid into the state treasury, under the pro
visions of this act
Sec 2 The bank comptroller shall
appoint deputy, who in the absence of
the comptroller from his Office, or in case
OF vacancy in said Office, or in case Of
any disability Of the comptroller to per-
form the duties Of lis Office, may perform
all the duties Of the Office of bank comp
trollcr, until such disability be removed
or vacancy be filled by appointment as
provided in the succeeding section for
whose acts said comptroller shall be liable
on his official bond Provided that the
said deputy be paid for his services out of
the salary allowed the comptroller by the
preceding section.
Sec. 3. In case the Office Of bank
comptroller shall become vacant, or in
case the comptroller from any cause shall
be Incapable Of discharging the duties Of
said office, the governor Of this state shall
appoint a suitable person to perform the
duties Of bank comptroller, and the per
son appointed shall be invested with all
the powers, and shall perform all the du-
ties Of such comptroller until such vacan-
cy shall be filled or such disability be re
moved. and he shall give bonds in the same
manner as is required Of the comptroller
in the first section Of this act
Sec. f. The bank comptroller is here
by authorized and required to cause to be
engraved and printed in the best manner
to guard against coUnterfetiug, such
quantity Of circulating notes in the sjmil-
itude of bank notes in blank Of different
denominations, not less than one dollar at
the expence, to be paid in advance, of any
. person or association of persons applying
for the same. as lie may from time TO time
deem necessary to carry into effect the
provisions of this act. Such blank cir
. tA4dl1I2 ubltS Sldll DE CiuNLtISlZ
numbered and registered in proper books
to be provided and kept for that purpose
in his Office, so that each denomination Of
such circulating notes shall bear the uni
form signature Of such bank comptroller
or his deputy and the plates. dies and ma
terials to be procured by the comptroller
for printing and making of the circula-
ting notes provided for hereby, shall re
main in his custody or under his direc-
ton.
Sec. ). Whenever any person or asso-
citation Of persons formed for the purpose
of banking under the provisions of this
act, shall duly assign and transfer in trust
to the treasurer of this state, any portion
of the public stock issued or to be issued
by the United States, or any state stocks
on which fun interest Is annually paid
said stocks to be valued at rate to be
estimated and governed by the average
rate at which stocks have been sold in the
city of New York, within the next six
months preceding the time when such
stocks may be left in deposit with the
comptroller; such person or association
of persons shall be entitled to receive
from the bank comptroller, an amount of
such circulating notes OF different denom-
nations. registered and countersiEned,
equal to and not exceeding the amount of
public stocks assigned and transferred as
aforesaid but such public stocks shall
In all cases be. or be made to be. equal to
a stock producing six per cent, per aunum
aud it shall not be lawful for the bank
comptroller to take such stock at a rate
above It's par value nor above its current
market value in the city of New Y ork, at
the time Of deposlte by such person or as
soeiation of persons Provided, that if
in the opinion of the bank comptroller
and governor any stocks offered shall be
deemed insecure, they shall not be receiv-
ed rs such securities under the provisions
Of this act.
Sec. g. Any person or association of
persons formed for the purpose Of bank
ing under the provision of this act. may
at his or their option assign and transfer
in trust to the treasurer of this state,
Il. l. e