The River Falls journal. (River Falls, Pierce County, Wis.) 1857-1861, 1858-09-15

with the Bank Comptroller notice Is wrltlng'
designating some city or village situated In
township, which, according to said returns,
contained two hundred or more voters ana
such bank or banking association SHALL there
after keep an Office in such city or village, tor
the redemption of its circulating notes. such
office shall be kept open during usual business
hours, between the hours of ten and three
o'clock, for the presentation and payment of its
circulating notes. The holder or holders of
any such circulating notes, may have such
notes presented for payment and payment
thereof demanded, and may cause such note or
notes to be protested for non-payment, at the
place so designated, in the same manner and
with like effect as if the same had been so
presented. demanded and protested at the place
where such note or notes are made payable;
and when such bank or banking association
shall have complied with the provisions of the
foregoing section, such bank or banking assoc
citation shall not be compelled to redeem their
notes at the place where such association shall
have been first located.
Sec 90 The Bank Comptroller shall, upon
receiving the notice mentioned in the last pre-
ceding section, cause such notice to be pub
lished in the official State paper, and in case
any bank or banking association shall neglect
or refuse to conform to the provisions of said
troller to sell the securities pledged for the
redemption of the circulating notes of such
bank or banking association, and out of the
proceeds of said sale, to redeem such notes, i'll
the manner provided in section twenty-four of
the act OF which this is amendatory.
9Th. Add to the first subdivision of section
nineteen of said chapter, the following words,
viz: And shall be such as will be readily
distinguished from that of any banking asso-
citation then existing in this State"
9th. Strike out all after the word require"
in section twenty-one and insert, and no per-
son or association shall commence or carry ON
the business aforesaid, until such person or
association shall have complied with the pro-
visions of this act; and it is further declared
that no bank of circulation shall be allowed to
carry on such business, unless such bank or
association shall have deposited with the trea-
surer the securities required by law, to the
amount of twenty thousand dollars, exclu-
sive of the bonds given by the directors or
stockholders"
10th. Strike out from the twenty third sec
ton of said chapter the word FIVE" and insert
in lieu thereof, the word ''ten" so that it shall
read, /" ten days after such notice." also strike
out from the same section the words some
newspaper" and insert in lieu thereof. the
after the words "pay the same" the words
"together with all necessary legal fees and ex-
penses of protest and notice.
18th. Strike out from the twenty-fourth
section of said chapter, the words give DAYS."
and insert in lieu thereof, the words "ten days"
also strike out from the same section. the words
some newspaper" and insert in lieu thereof,
the words, " the official State paper" also add
to the same section the following words, viz !:
"And in case the Comptroller shall deem it
advisable, he may, with the consent of the per-
son or association Of persons so falling or refu-
sing to pay such notes. dispose of or sell such
securities, otherwise than in the manner above
prescribed, at a price not below par OF at
sum sufficient to redeem such notes. :"
10Th. Strike out from the twenty fifth Sec
ton of said chapter, the word, in case" at
the commencement of the section, and insert
in lieu thereof the words, it, in the opinion of
the Bank Comptroller" also strike out from
the same section, the word ninety" and in
sert in lieu thereof the word "sixty," and strike
out from the same section the words, " the
Comptroller" where they first occur, and insert
in lieu thereof, the word che
18th. Add to the twenty -seventh section of
the said chapter the following words. viz -
"And it is hereby provided, that when any
such association shall, by vote of majority
of the stock, determine to reduce the capital
stock to an amount not less than twenty-five
thousand dollars, ard shall, by its president
and cashier furnish to Inc Secretary of State,
a certificate of sucn VOTE it shall be lawful for
the Legislature, by statute to permit such asso-
citation so to reduce their capital stock and
thereafter such association shall not be subject
to the payment of the tax as provided in the
sixteenth section of this chapter, except on the
amount of the capital remaining, to which it
sha II have been reduced by such statute and
the Legislature may, upon d vote of the stock
holders and a certificate as above provided,
authorize the removal of the place of business
of any banking association from the place
where such association may have commenced
its business operations according to the pro-
visions of the nineteenth section of this chapter,
to any other place where, under the provisions
of this chapter as amended it may be lawful
for any such association to transact business"
18th. Add to the twenty -eighth section of
said chapter, between the words " cashier and
"thereof," the words, g or assistant cashier -
also to the said twenty-eighth section, the fol-
lowing words "And it shall not be lawful for
any other person to sign such circulating notes
in the name of such officers either by proxy or
warrant of attorney"
18th. Strike out from the thirty-ffth sec
ton of said chapter, the word 'ninety," and
insert in lieu thereof, the word eighty also
to the said thirty fifth section, the following
words, viz: From which date such associa-
ton shall cease to transact the ordinary bust
ness of banking not necessary in liquidating
the affair of the association, and shall not be
required to pay the semi-annual tax of three
fourths OF one per cent, as provided in section
sixteen of this chapter, except for such proper
ton of the time as shall have elapsed since the
first day of January or July preceding that
date"
10Th. Strike out from section thirty-six of
said chapter, the words two years from the
date of said notice." and insert in lieu thereof,
the words, three years from the date of said
notice"
18th. Strike out from the thirty ninth sec
ton of said chapter, the following words, viz :
" Number of each bill, its date and by whom
it was countersigned," and insert in lieu there
of, the words, denominations and amount of
bills so returned"
18th. Strike out from section forty-three OF
said chapter, the following words: "Until
the first day of January, A. D., 1860. and not
exceeding seven per centum thereafter"
Sec. 2. At the general election to be held on
the Tuesday next succeeding the first Monday
in November, in the year one thousand eight
hundred and fifty-eight, at all the usual places
of holding elections in this State for the cleo
ton of all officers required by law then to be
elected the question whether this act shall go
into effect or in any manner be in force, shall
be submitted to the people, and if the same
shall be approved by majority of al! the votes
cast on the subject it shall go into effect other
wise it shall not go into effect, in any manner
be in force.
Sec 3. The votes cast on the subject speci-
fed in the last preceding section. shall be by
separate ballot, and shall be written or printed,
or partly written or partly printed on each of
them, the words, i" For amendments to the
hnnl- lnr,, y or a nrainst amend nnents To the