Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1858-09-01

| of .f,e
oi when this Is ameudatory.
! sth Add to the first subdivision of shc,i,,
nineteen of said chapter, the following vords
w; And snail be such as will be readily d;s.
',hSushea from that of any banking dissolution
then existing in this Sti.e."
''A' strike out all after the word ssreouire"
III s'c'ioh twenty-one and insert land no ner
son OF association Shall commence or carry on
the business aforesaid, until such person or "a.
soci'eion snail have complied wi h the prdv;..
ohs oi 'u,s act; and II IS further decl ared tina.
no bank of circulation shall be allowed 70 60
on sIcl business, uni SIS such bank or .sso.;,~
ton shall have deposited with the treasures ~.
securities required by law, to the amou,, -
| twenty-five thousand dollars, exclusive of ~
bonds gwen by the directors or stockho,dars"
10Th. Strike out from the twentv-thi Il 600
ton OF said chapter the word five and in
sert IN lieu thereof the word ten" 80 tia, :.
shall read, ten DAYS after such notice. alsn
s'lke out from the same section the words
| some newspaper and insert in lieu thereof
the words 'the official State paper" also in.
ssr' al,er the words pay the same" the words
together with all necessary LEGAL fes ard ar
penscs of protest and notice"
! llth. Strike out from the twenty fourth COS.
tloa OF said chapter, the words five davs"
ana insert IN lieu thereof the words .ten
uaNS' also strike out from the same section
the words some Newspaper" and insert in lien
thereof. The words 1.-The official State paper."
aiso add to the same section tn following wo, Dis.
VIZ: And IN case the Comptroller shall deem
IL advisable, he MAY, with the Consent of the
person or association of persons so failing or
ieiuS'lS TO pay such notes, dispose of or sell
/ such securities, otherwise than in the manner
apoE prescribed at a price not below par. or
at sam sufficient to redeem such notes !"
l2th. Strike out from the twenty-ffth section
OF SAID chapeer, the words ''in case" at the
commencement Of tho secif,n, and insert in
lie" thereof, the words, IF, in the opinion OF
the Bank Comp.roler," also strike out from the
same section, the word NINETY" and insert in
leu thereof the word 'sixty," and strike sut
from the same section, the words, The t5iihn.
troiler," where they fr>t occur, and inscrt in
: lien thereof he word che"
18th. Add 10 the twenty-seventh section Of
the said chapter the following words, viz: And
1t i hereby provided, that when am sue assoc
CITATION shall, by vote of the majority of the
; stock, determine to reduce the capital stock to
an amount not less than twenty-five thousand
dollars, and shall, By its president and cashier,
furnish to he Secretary Of State, a certificate
OF such voice, it shall be lawful for The Legis-
lature, by statute. to permit such association so
to reduce their capital stock and thereafter
suca association shall not he subject to she paw
inent OF the tax as provided in the sixteen h
section OF this chapter, except on the amount
OF tue capital remaining, to which it shall have
hcen reduced by such S'atute; and The Iegis.
| laturc NAV. upon vote Of the stockholders
; and certificate as above provided authorize
the removal Of lie place of business of any
banking as 'ocation fsom the place where sch
association may have commenced it business
operation according to The provisions of he
nlHe. cen section OF this chap er, 10 any eth
"a n ~ 'lGr >y,,jnr i,
chapter as amended, it nav be lawful for any
such association to transact business"
tth. Add to the twenty-eighth section OF
SAID chapter, between the words 'casher" and
thereof, the words cor assistant cashier :"
also to the said twentv-eighth section, the fol-
loving 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 attcTncv.
/ llt1, Strike out from the thirtr-ffth section
OF I'D chapter the wo NINETY" and insert
i'll lien ereof the worI eighty" also add to
tFle said thirtytifth section the follow ing words
VIZ: From which date such association sgn
cease to Transact the Ordinary business Of bank
ing not necessary IN licui'ating the affs" of
| the aSsocia ion, and shall not be required to
pay the semi-annua tax Of three-fouIths Of enc
per cent, IS provided in section sixteen of his
| chAptc", except for such proper ion of the me
~
uary or july preceding that date"
! 18Th. Strike out from section tbirt--six of
| sud chapter, the words 1.-TWO vea,s from the
date OF said notice. and inset in lieu thereof
the words three years from the date of said
notice"
18th. Strike out from the thirty-niath section
Of said chap er, the following words, VIZ: ''Nun-
Der Of each BILL its date, and by whom it was
cou7ter.igAed," and insert in lien thereof the
words denominations and amount of D.!,s so
returned"
18th. Strike out from section forty-three of
said chapter, the following words: ''Untl the
first day of January A. d. 1860, and lot ex-
cecd1lg 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
ii 4ldfed and tiftycTa,iG, at all he usual rlacts
Of holding elections in this State for the elcc-
| ion OF all officers required b. law then to be
ei"c ed the ones. ion whether this act shaN go
into effect or ia any manner he in force shall
| hc submitted 20 the people, and if the sane
shall be approved by majority of all the votes
cast on the hi ct, it shall 90 into efftc5, 9TH
erwise il shall not go into effect, or in any man
ner be III force.
| SEC g. The votes cash on the subject speci-N
fed in the last preceding sec, ion shall he nv
separate ballot, and shall II written or p,inteG,
or partly written or partly trfnt 4 on each of
them, the words 80: nendnen's to the bank
law, or against amrndlnt hts to the bank
law" which words shall indicate the vote Of the
election for or against re approx, eff this act;
and the ballots so cast shall he cahvassed and
returned iii the same manner as he votes cast
for ) C officers are rcqUi; cd BY law to be can-
vIssed, and the Secretary of State shall imme-
diately on the completion cf sid canvass. pub
iish statement Of the result thereof in tie Of
fetal State paper, and shall communicate the
same to the next Legislature at she commence
ment of its session; and he shall also deliver
to the State Treasurer a certified copy of this
act, if the same shall have been approved, and
statement Of he result Of the canvass of votes
upon this subject, Immediately after the COM
pletion of said canvass
Approved May - 1853.
Given under my hand and the Great
L. S. Seal Of the S ate, at the Capitol in Mad
ison, this 18th day Of August, 1858
d. w. JONES, Secretary of STATE.
SHERIFF's OFFICE, Wood County)
Grand RaDids Aug % 1853 {