Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-10-18

10 administer oaths Proridcd that nothing In thi
act aimed shall be construed permit an,
bank to issue circulating notes TO any
than It's nominal capital.
section 10. From and after the first day Of Decem
ger next 1t shall not be lawful for any bank or bank
ing association, banker broker company or rorpora.
ou, 10 circulate or attempt to circulate, or to paw
OUT as money, any bill, note or other eTiagnse al
80, 80 80 oeo or purporting to have been issued BY
an! pnh, oahklng association COMPANY corporation
or lnolfduai located residing out of this State mr.
Ies said Dill or note or evidence OF debt shall FOR
the last SIX months preceding such circulating or
paying out, have been redeemable in tho cty 81 -
L ork or Boston in current r oney of tbe Tr;t !,
states, at rate OF discount not exceeding thru,
fourths OF one per apd the decisiar - e, 80,
comptroller as to the rate of such disconnt Hi In
hnal and conclusive Every bank or BANKING .ssoc;
alton. banker or broker. corporation or cop,Isr
tending against the provisions of this section sb
forfeit for each and every ofense the sum Of ~
dred dollars, to be recovered with costs of sniff II;
name and for the use of any who shall sne for
the same and prosecute such suit to judgment in
any court having cosBizance thereof
Section 10. Ea-h and every person owning or hold
ing stock In any bank or banking association who
snail SELL transfer assign his stock any portion
thereof IN any such bank or banking association
shall be held and remain for the term of six
from and after such SALE transfer assignment as
azores ald personally liable tothe amount stock SO
as aofesala sold, transferred assigned by him for
the OF all the debts and liabilities of such
BANK or banking association, existing at the time
such sale, transfer o assignment
section II. This act shall take effect and be in
Iorce rom ana after the first day of December ISeI
Section IS. All acts or parts of act. conflicting
WITH or IN any way contravenng the provisions of
this act, are hereby repealed
Section H. At the general election to be held on
the TUESDAY next succeeding the first Monday in No
vemDer IN the year 1861, at all che usual places of
holding elections in this State for the election of al.
ohcers required by law then to be elected the ou.s
tlon whether this act shall become law and po in
erect, or IN any manner be force shall ba bpit
ted to the people, and if the same shall be
by majority of all the votes on the subject il
shall go into effect otherwise 1t shall not 20 into
effect nor be in force.
Section 20. The votes cast on the subject sncc;a
ed IN the last preceding section shall be by
ballot and shall have written printed or nartIv
written and partly printed, each of them the
words: ''For am ndments to the Banking law >, or
Against Amendments to the Banking Law :" which
words shall indicate the vote for or against the an
prevail of this act; and the ballots SO cast shall he
canVassed and returned in the came manner as the
votes cast for State Officers required BY law to be
canVassed, and the Secretary of State shall immed
ately, on the completion of said canvass publish a
statement of the result thereof in the official State
paper, and shall communicate the same to the next
legislature at the commencement of the session. and
ne shall also deliver to the State Treasurer certif
ed copy thereof with statement of the result of the
canvass upon the subj INN lately after the com
pletion of the canvass.
Chapter z42, approved April Is, 1861 Chapter l.
Extra Session, approved May %, 1851.
SAID election to be conducted the votes canysSsed
ana returns made in accordance with the provisions
OF Chapter of tho Revised Statutes of 1855
Dated Sherif's Office, Jefferson, Aug 8, 1861.
HEBER SMITH,
Sheriff, jeff Co., Wis.