Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1852-04-23


same shall be demanded by him, it shall forfeit
and pay the comptroller the sum of one hundred
dollars, to be applied by him to the paymep, of
the expense of publishing the semi annual re-
ports and the comptroller is authorized to col.
lect the said forfeiture in his name upon appli
cation to any court of competent jurisdiction in
the county where such delinquent bank may be
located. The bank comptroller shall also trans
NIT annually, to the legislature at its session, a
condensed summary Of all the items reported to
him by oil the banks, which summary, verified
by his oath, shall contain true and correct state
ment OF the condition of all the banks in the state
at the time o: the making of their last report
! Every bank and banking association shall also
file copy OF the report required by this section,
in the office of the register of deeds of the coun-
ty where such bank is located, on the first Mon
days of January and July in each yesr II shall
| be the duty of the comptroller, on the last DAYS
of January and July of each year, to publish in
some paper of general circulation printed at the
seat of government, the number of banks in op-
Grafton, and descriptive list of the securities
transferred to the treasurer in trust for each
| banking association respectively
SIC. AZ. 1t shall be the duty of the comp
troller TO receive muiilated circulating notes is
sued by him, and after having made a record of
them their denomination and amount, to deliver
in lieu thereof other circulating notes to the same
amount.
| SEC. 43. Such banks or banking association
may demand and receive for loans on real or per-
sonal securities, or for notes, bills or other evil
dences of debt discounted, a rate of interest not
exceeding ten per cent. per annum, until the LIST
day of January, A. ID. 1860, and not exceeding
seven per cent. per annuIn thereafter. II shall
be lawful to receive the interest in advance, ac-
cording to the ordinary usages of banking insti-
tuuons and 10 charge for collecting foreign or
inland bills, or other evidences of debts the IL.
sual current rate of exchange, and in the com
mutation of time, thirty days shall be q month
and twelve months year
Sec. IA. All bills and notes of such banking
association shall at all times be received by said
association on all judgements, executions or de-
mands, payable to, or the property of such bank
ing association.
Sec. As. That each and all the provisions OF
this act shall apply to, and control in all respects
any banker who shall conduct business under
the provisions of this law, whether the word
banker is, or is not used in any such provision
SEC. 46. The officers or agents Of any bank
ing association, who shall pay out to be put in
circulation as money in this state, any BILL note
certificate OF deposit, or other paper having the
slmilltude of a bank note, knowing the same to
have been issued without the authority of this
or any of the United States, of the Congress of
the United States, or of Canada, shall upon con-
viction be adjudged guilty of misdemaanor, and
sha be punished by fine of not less than one
hundred dollars tor every piece of paper so put
in circulation or imprisoned for not less than six
months, or by both fine and imprisonment.
SEC. At. The stockholders III every corpora
ton or association organized under the provs-
ions of this act, shall be Individually responsible
to the amount of their respective share or shares
of stock for all It's Indebtedness and liabilities OF
every kind.
SIC. AS. This may be amended by any future
Legislature, but no amendment thereto sha! take
effect or be of force until il shall have been sub
mitted to a vote Of the electors of the state in a
similar manner as is provided for in this act, and
been approved by majority OF all the votes cast
on the subject.
SEC 40. AT the general election to be held
on the Tuesday next succeeding the first Mon
day in November, in the year one thousand eight
hundred and tifty-tWo, at ull the usual places of
holding elections in this state, for the election of
oil officers required by law then to be elected
the question whether this act shall 90 into effect
or in any manner be in force, shall bessnbmucd
to the people, and if the same shall be approved
By ma jority of all the votes cast on that sub
iect, it shall go into effect and be in force from
and after the date of said election, otherwise it
shall not go into effect, or in any manner be in
force.
SEC. so The votes cast on the subject spec
flied in the preceding section, shall be by sepa-
rate ballot and shall have written or printed, or
partly written and partly printed each OF them,
the words For the Bank Law" or Against
the Bank Law" which words shall indicate the
vote of the election for against the approval of
this act, and the ballots cast shall be canvas
sed and returned in the same manner as the votes
cast for state officers required By law TO be
canvassed, and the secretary of state shall i'm
medately on the completion of said canvass,
publish statement of the result thereof, in
some newspaper printed at the seat of govern
ment, and shall communicate the same to the
next Legislature al the commencement of lis
session and he shall also deliver to the state
treasurer certified copy of this act, if the same
shB have been approved, and statement of the
result of the canvass Of votes upon this sub
ject, Immediately after the completion Of said
canvass.
" The following suggestions from the Ma
ti0nal Era, in reply to a correspondent from this
State will command the serious attention of cv-
cry practical thinking man. As the editor the
Era observes, "the remedy is in our own hands ,,
Read and reflect.
THINGS IN WISCONSIN,.
A friend in Wisconsin writes as follows