The River Falls journal. (River Falls, Pierce County, Wis.) 1857-1861, 1858-09-08

thirty DAYS after this act shall taKe eheo.' ny
with the Bank Comptroller notice Ii "ii.ihs'
designating some city or village situated ~ q
township, which, according 10 salu ie''a, "a
sncb bank or banking association shall, there
after keep an Office in such city or village, lor
| tbe 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 It's
| circulating notes. The holder or holders OF
| any such circulating notes, may nave sucn
notes presented for payment and payment
thereof demanded, and may cause such note or
| notes to be protested for non-payment, at the
Mace 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 pay able
and when such bank or banking association
| shall have conn ed with the provisions OF the
! foregoing section, such bank or banking asso-
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 pup
lished in the official State paper, and in case
any bank or banking association shall neglect
OF refuse to conform to the provisions of said
section. it shall be the duty of the Bank Comp
troller to sell the securities pledged for the
I REDEMPTION of tho circulating notes of such
bank or banking association, and out OF the
proceeds of said sale. to redeem such notes, IN
| the manner provided in section twenty-fou OF
the act of which this is amendatory.
Sth Add to the first subdivision of section
nineteen of said chapter, the following worcs
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-five thousand dollars, exclu-
sive of the bonds given by the directors or
stockholders"
10th. Strike out from the twenty-third Sec
ton ofsaid chapter the word five" and insert
in~fIeu 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
words, the official State paper" also insert
| dlteI lilc NOIGS pay tIic StlIlc, tuc MoIuS,
"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, y
and insert i'll 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 il
advisable, he may, with the consent of the per-
son or association of persons so failing or refu-
sing to pay such notes, dispose of or sell sucl
securities, otherwise than in the manner above
prescribed, at price not below par, or at
sum sufficient to redeem such notes. ~
18th Strike out from the twenty fifth sec.
ton of said chapter the word, in case al
the commencement of the section, and insert
in lieu thereof, the words, if. in the opinion OF
the Bank Comptroller also strike out from
the same section, the word " ninety" and in
scrt 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 he
18th. Add to the twenty -scventh section o1
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
| SiOCA ~ ali dlllOu1lJ not 1eSS IMAM IWcfJN-nNG
thousand dollars, and shall. by its president
and cashier, furnish to the Secretary of State,
a certificate of such 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 lax as provided in the
sixteenth section Of this chapter, except on the
amount of the capital remaining TO which it
shall have been reduced by such statute; and
the Legislature may, upon vote of the stock
holders and 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
It's 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, cor assistant cashier -
also to the said twenty eighth section, the fol-
lowing words: "And it shall nottbe lawful for
any Other person to sign such circulating notes
in the name Of such officers, either by proxy or
warrant of alto! ncy.''
18th Strike out from the thirty fifth Sec
ton of said chapter, the word "ninety," and
insert i'll lieu thereof. the word "eightv;" also
to the said thlrty-tifth 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., $780, and not
exceeding seven per centum thereafter"
Sec. 2. AT the general election to be held on
the Tuesday next succeeding the first Monday
i'll 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
I 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 a majority of all the votes
cast on the subject It shall go into effect, other
wise it shall not go into effect, or in any manner
! be in force.
| SEC 8. The votes cast the subject speci-
| fed in the last preceding section, shall be by
separate ballot and shall be written or printed,
OF partly written or partly printed on each of
them, the words, For amendments to the
bank law" or against amendments to the