Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1858-10-02

In
of the order Of Secretary of State herewith e9W
Such election to be held according to law and in npr
Of the order Of the Secretary STATE eon Rars
in the following Notice: n. WARD oe
Sheriff of Grant C5anty, Wiscon,;,
* enc al Election Notice. Notice is hereby o;u
W en-, that at the Gene al Election to be held IN {h
of Wisconsin, the Tuesday next succeeding the Srs
Monday, Ceing the second day of November nex tba
following officers are to be elected, to-wit:-- '
Representative in Congress for the Second Concrs
sional District comprising the counties of Adams r.
Ak, Buffalo, Burnett, Chippewa Clark, Crawford Dam
Douglass, Dunn. Eau Claire Grant, Green Iowa Jazz
thon, Monroe Pepn, Pierce, Polk, Portage RichaS
Rock 81 GroiX, Irempeeau and Wood in the place Of
pire on the fourth day OF March next
Member of Assembly in each Assembly District =,
the state, and such County OFFERS as required nv
law to be elected at such election.
At the same election the question will be taken unor
the approval by the people OF the amendments opposed
to the Geaeral Bankiag LGc by chapter 9S of tn G.n
eral Laws of 1858, as follows:
AN ACT to amend chapter four hundred and sat-
nine Of the General laws of Wsco nsin for tie ~
1852, entitled san Act to authorized the business -
Banking in the State of Wisconsin,
The People Of TIRE State Of Wisconsin representa- :,
Senate and assembly, do enact as Ifoktoacs:
SECTION l. Chapter four hundred and seventy-nips
of the general laws OF Wisconsin, entitled sAn ic ~
authorize the business of banking in the State of WIS.,
cotsin is hereby amended in the following manner:
1st Strike out the word f'includng' where it occn-s
in the first section of said chapter in connection with
the compensation OF the Bank Comptroller and insert
IN lieu thereof the words eSclusive of strike ont
the word ''ty' where it in the section he!
tween the words "sIm of and ''thousand" and insert
in lieu thereof the words some hundred
I'd Strike out from the proyiso in section five of said
chapter. the words 'and Governor" and insert in lieu
thereof the words together with the Governor and Sec
rotary of state"
3D. Strike out the SIXTH seventh, egth NINTH tenth
and eleventh sections of said chapter.
4th. Strike out from the fifteenth section of said chan
the following portion of said section: And the M
10 of he h,4t.
transfer Of public stocks and railroad bonds shall be
stamped upon their face secure by pledge of NH
lie stocks and railroad bontis.'
5th Strike out from section seventeen of said chaner
the following words viz SECTIONS Eve and six and insert
in lieu thereof the words secton ye also insert in sec
ton seventeen, Immediately after the words good and
sufficient bonds the following words, viz sexecuted
by persons residing in this State also insert mnedi
ately after the words sto be approved by him. in the
section, the following Words land by the Govern
or or Secretary of State =
9th Add to the eighteenth section of said cbontr M
following words, viz Sand such bank shall be located
in particular city village III township contsn.
ing not less than two hundred voters, by the
election lille in the Office of the Secretary NJ
State, OF the election last preceding the organization Of
such bank shall such association allowed to is
circulating notes exceeding in the amoupt
Of their capital stock.
18th, Add additional section, to follow ilnmesi
aely after the eighteenth section of the said chapter
SEC 49, In the place where the circulating notes
Of any bank banking association payable located
in any township containing less than two hundred voters
according to the retu of the last general election
banking association shall, within thirty DAYS after tb,
act shall take effect, file with the l}ank Conptroler
notice in writing, designating city village sla-
ted in township, which, according to said returns con.
tanned two hundred more voters and such bank or
banking association shall thereafter keep an Office in
such city village foF the redemption Of its circulating
notes such office shall be kept open during usual bnsi
hours between the hours ten and three O'clock
for the presentation and payment OF its circulating notes
The hotter holders of such circulate ing nnesmay
have such notes presented for payment and payment
thereof demanded, and may cause such note
be protested for non-payment at the place dsienat
ed. IN the same manner and with like effect, il lie
same had been presented demanded and protested at
the place where such note notes are lde payabe
ami when such bank Or banking association shall have
complied with the provisions of the foregoing section
saeh bank or banking association shall not be compelled
to redeem THEN notes at the place where such
lion shall have been tYst located.
SEC. 20 The Bank Comptroller shall upon receiving
the notice mentioned in the last preceding section cause
such notice 20 be published in the official State paper
ana in case aly bank or banking association shall neglect
or refuse TO conform TO the provisions OF said secon
shall be the duty of the Bank Comptroller sell the
crie5 pledged tor the redemption OF the circulating
notes OF such bank banking association Of
the proceeds Of said sale, to redeem such notes The
manner provided in section twenty four of The act OF
which this is tincn'atory
Sth. Add TO the first sub division of section nineteen,
Of said chapter, the following words. viz 'And shall
such as will be readily distinguished from that of any
banking association then existing in this State
9Th Strike out all after the word ''re1uire in section
twcnty-one and insert, 'aad person association /
Sh ~ commence or carry on the business aforesaid until
such person association shsl have complied with the
provisions of this act and it is further declared that
bank of circulation shall be allowed to carry such
business unless such bank association shall have de-
posted with the treasurer the securities required b law
TO the amount of twenty-five thousand dollars exclusive
of he bonds given By the directors Stockholders"
l0th strike out from the twenty Third section Of said
chapter the word Give, and insert in lieu thereof the
ward 'ten, that it shall read TIN DAYS after such
notice., also strike out from the section the words
some newspaper and insert in lieu thereof the words
the official State paper, also insert after the words
pay The sane' the words together with all necessary
nd
Eth Strike ont from he twenty fourth section of said
captef the words Tive days, and insert in lien thereof
the words, 'ten days. also strike out from the
ton, the words 'some newspaper and insert in lieu
thereof the words ''the ofciaSte paper, also add
the same section the following words viz: "And meas
the Comptroller shall deem it advisable, he with
inc c0hseat o. the pcls association of persons
iaing or refusing to pay such notes, dispose OF or e
such securities, otherwise than in the ahovepe
serloed at price not below par or at sum saihcent~
redeem such notes.
18th. Strike out from the twenty fifth section Of said
chapter the word, Gin case, at the commencement
the section and insert ia lieu thereof the words "if
the opinion of the Bank Comptroller" also strike out
from the section. the word "n;nets," and insert
lieu thereof the word sixty, and strike out from the
same section, the words @the Comptroller where the
first occur and insert in lieu thereof the word 'fhe
18th. Add to the twenty seventh section of the ss
chapter the following words, viz s'And it is hereby pro
sded, that when any such association SHALL by voted
majority OF the stock determine to reduce the capd
stock 10 an amount not less than twenty five houal
dollars and shall, by its president and cashier furnhp
the Secretary of Stafo certificate of such vote h
association TO reduce their capital stock and tfees
ter such association sh1 not be ject to the pa
OF the provided in the sixteenth section Of th
chapter except the amount OF the aplta remaining
to which it shall have been reduced by such statute and
the Legislature may, upon vote of the stockhbder
aud certificate above provided, authorze the reno
val of the place of business of any banking association
From the place where such association may have CON
menced its business operations according to the po
ions of the nineteenth section of this chapter, to a
other place where, under the provisions of this csp
as amended; it may be lawful for any such association
transact business,
IA. Add to the twenty-eghth section of said chapG
between the words s'cashier and "thert of" the Eo
section the following words: "And ii shall not be law
fu for any other person to sign such circulating no
in the of such officers, either by proxy wana
of attorney.
l5h. Strike out from the thirty fifth section Of S
chapter the word sninety,' and insert in lieu Thereof
the word seighty " also add to the said thirty dithS
ton, the following words viz: "From which date il
association shall cease transact the ordinary bushes
of banking not necessary in quidating the affair o.
association, and shall not be required to pay the III
annual tax Of threefourtha of one per cent, as %
in section sixteen of this chapter except Tor suD
portion of the time shall have elapsed since the
day of January or July preceding that date. 6s.
10th. Strike out from section thirty-slX OF sall
ter the words "two years from the date OF said no
and insert in lieu thereof, the words "three yea"
the date of said notice. lid
IL. Strike out from the thirty-ninth secnons ssa
chapter, the following words, viz: "Numoer ~ AL
BILL its date, and by whom it was counterslgn odp
insert in lieu thereof, the words, Denominations ."
mount of bills returned" ,a,s,,t
18th Strike out from section fory-three OF Isnus