Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1858-10-20

feet, file with the Bank Comatrolier = nnt;na
IN writing, designating some CITY or village
: situated II township. which, according 10 said
g ! -.-------5 Contained -w3 hundred 9r mere w.
- - M s.1A oslE u 0aGi<.-s as72eiatia:.
q t41.a2-teT keep an Office IN such litr OF
'---&-c, -@r the redemption OF It's circulating
r notes; srCh office shall be kept open during
usual bUsineos hours, between the hours of ten
and three o'clock, for the presentation and pay
ment OF It's circulating notes. The holder or
, holders CT any such circulating notes MAJ have
such notes presented for payment and payment
} and pawn mt thereof demanded and NAV cause
such note or notes to be protested for non pay
rnent, at the place SO designated, in the same
manner and with like effect as if the same had
bQen 80 presented, demanded and protested at
the place These such note or notes made
payable and when such bauk or banking az
ISOLATION shall have compiled with the pgovis-
ions OF the foregoing section, such bank or
banking association shall not be compelled TO
redeem their nates at the place where such as
ISOLATION shall have been FRS located
sEc 90 TIE Bank Comptroller SD iii, upon
receiving the no ice mentioned IN the last pre-
ceding section, cause such notice 10 be pub
li6Aed 10 the official State paper, and in case
am bank or banking association shall negiec.
or refuse TO conform to the provisions Of said
! section, It shall be the duty Of the Bank Comp
tro!ler to sell the securities pledged for the re-
demption Of the circulating notes OF such bank
Or bankl2; association. and out of the proceeds
OF said sale, TO redeem such notes, in the man
ncr provided il section tventv-four Of the act
CT which this ia anle~datory
eth. add &c the tiyst subdivision OF section
nineteen ct said chapter, the following words,
VIZ: And shall! be such as will be readily dis
tingulshed from that Of any banking association
then existing in this State"
9Th Strike ali |, y-orS -
N section t~enty-one, and Insert, land no per
con CT association shall commerce or carry on
the business aforesaid, until such person or as
| a0Clat.01 stall have complied with the provis-
ions OF this ACT; aud it is further declared that
10 bank Of circulation shalt be allowed 10 carry
en- such business uIl.3: sucu bank o. as5ocia-
ton shall have deposited with the treasurer the
securities required BY law, to the amount of
twenty-five thousand dollars, exclusive of the
bonds given ny the directors OF stockholders"
10th. Strike ont from the twcnty-third Sec
tion Of said chapter the word Eve" and in.
0eat il lieu thereof the " o?d ten" SO that il
shall read, tel 52ys after such notice." also
stake cut from the same section the words
SOM newspaper" and i9eert il lieu tt 2reof
he words, ''the official State Da2cr;" also IL
set after the words pay ne same" the words
'to6et1e! viii al necessary legal fees ard ez-
penae5 of protest and notice"
Ilth. S1;ke out from the tweaty-foursh sec
ton OF said chapter, lce words, live DAYS"
ana l.aect ri lieu thereof, the words ten
days" else s. Ike OUT from The same eection,
the words "some newspaper" and insert in lieu
thereof, the words che Official State paper"
also add to the same section the following words
viz: ANA in case the or1ptrol4r shall deem
It advisable, he may, wish &c consent Of the
person Of association CT pIrsol6 SC falling or
IN ali "
such securities, otherais: than il the manner
above prescribed 1; price rot below par, Or
at sum sufficient to redeem such notes"
18th. Strike out from thu twenty fifth section
OF said chapter, the words, in ease" at the
commencement OF the section, and insert in
lieu thereof, the words, ''if, in the opinion Of
the Bank Comptrollcr," also strike out from the
same section, the word ''rinety," and insert in
, lieu thereof the word "sixty,' and strike cut
from the same section, the words, the Comp
troller," where they first occur, and insert il
lieu thereof, the word he"
18TH. Add TO tue swentv-geverth scction Of
the said chapter the following words, viz: And
1t Is hereby provided. that when any such $3.50
citation shall, by vote Of the majority Of the
stock determine 10 reduce he capital stock to
an amount not less than twenty-five thousand
dollars, and shall, by its PRECEDENT and cashier,
furnish TO the Secretary Of State, certificate
Of such votee, Il she'll be lawful for the Legis-
tature, by statute, 10 PEI nit such association so
TO REFUGE their capital stock; and thereafter
such association shall not be ,uj,;ect TO the paw
ncnt Of the tax pro1idca i'll the sixteenth
section OF this chapter except on the amount
), OF the capital remaining, to which it shall lave
Deem reduced br such statute; and Tie Legis-
i4tUre may, upon vote OF the stockholders
and certificate as above provided. authorize
the removal OF the place Of business Of anv
! banking association from the place where such
association may have commenced its business
operations according to the provisions Of the
nineteenth section Of this cIlar.er, 10 any 9th
cr place where, under the provisions of this
chapter aS amended, It may De lawful fer any
such association to transact business"
18th. Add to the twenJy-eighth section of
said chapter, between the words cashier and
thereof" the words cor assistant cashier"
also 10 the said twenty-eighth section, tie 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-ffrh section
Of said chapter the word NINETY and insert
in lieu thereof, the word ''eiGhtv;' also add to
the said thirty fifth section the following words
viz: prom which date such association shall
cease TO transact the ordinary business Of bank
ing not necessary in lqudating the affai. Of
the association, and shall not be REQUIRED 10
pay the s2ni-annual tax Of threofourths Of one
per cent, as provided in section sixteen Of this
chapter, except for such proportion Of the time
as shall have elapsed since the first day Of Jan
uary or July preceding that date"
10th. Strike cut from section t!lirtv-six Of
said chapter, the words two Years from the
date Of said notice." and insert in lieu thereof
the words "thr>a years from the date OF said
notice.