Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-09-13


of at least $4,000 actually pad H. which han
remain IN -uch bauA or banking ,ociation CAPT
tal, and employ ed in legitimate banking the place
where the bank j. located ard it /, herei.v de
shall be con idcred a any evidence of tie
eAi tence o capital in any uch bank banking as
soclatioE OF the amount extent of such cagi-
tai and 1t J. hereby made the duty OF the comptr6l-
Ter, before issuing any circulating to any
such bank or banking ocatiou now or ami ed, or
that shall be hereafter organized except In exchange
Tor muulated notes, to satisfy him eli by eAami-
nation under oath OF officer stakeholder such
bank banking ociation that has fully COM
preceding section Of tl- and the purpr- es
OF such examination the comptroller or in III alb
the deputy com trailer. i hereby authorized
to administer oathS PToriGCH, that nothing IN this
act contained hall be trued permit an Y
bank TO issue circulating notes to any greater
Section Is From ana after the first dav of Decem-
Der hail be lawful for any bank or bank
ING association, banker broNer, company or corpora
ton, to circulate attempt to circulate. pay
GU money, any bill. note other evidence of
debt. ued purportiHg to have been Is ued br
individual toca' ed id of'this State,
les .aid bin or note or evidence of debt gIaI for
the lat six months pre- ceding such circulating
Fayng ont, have been enable in the city OF Ncn
\ ork Bo ton in curr-ut oney of the United
State, at a rate of d count not exceeding thres-
fourths of per cent and the decison of the ank
comptroe er "A the rate of sUch d count shalI be
final and nclusive. Every bank banking oci
alton. banker broker, corporation comp any. of
forfeit for each and every ofense the of one hun
dred dollar. be recovered with cost of suit in the
and for the of any person who shall sue for
the same and prosecute uch suit TO Judgment IN
any court having cognizanee thereof
Section Is. Each and every person owning or hold
ing stock in any bank banking association, who
shall SELL transle ign his stock any portion
thereof, in any such bank or banking association,
shall be held and remain for the term of six mouths
from and aft er ch sale transfer or assignment as
afore. aid per, onaliy liable TO the amount of stock
afo-e aid od, transferred assigned by him FOR
IL, IL, HI
bank or banking a soeaton, existing at the time Of
such sale, transfer assignment.
Section Il. This act shall take effect and be in
force from and after the first day of Decem ber 1861
Section Is. All acts or parts of conflicting
with, or in any way contrave4nX the provisions of
thi- act. hereby repealed.
Section 10. At the general election to be held on
TIE Tue day next succeeding the first Monday in No
vember. the year 1861 at all che usual places of
holding elections in this State for the election of all
ofcer= required by law hen he elected the ques.
tion whether thi shaIl become law and 90 into
effect, or in any manner be in force shall he submit
ted to the people, and if the same shall lie approved
by majority Of all the votes cast the subject
hall go into effect; otherwise it shall not go into
effect nor be in force
Section 20. The votes cast on the subject spccif-
ed in the last preceding ection shall he by separate
ballot and shall have written or printed or partly
written and Iarty printed. each of them the
words: "For amendments to the banking law"
''AganSt Amendments to the Banking Law which
word shall indicate he vote for again the ap-
prevail of this act; and the ballots shall be
anyas> ed and returned in the manner the
votes cast tor Sfate Officers required by law TO be
canvassed, and the Secretary OF State shal immcdi
ately, the completion of aid canvass publish
stated en of the result thereof in the official STATE
paper, and shall cummunie the the
legislature at the OF he session. and
he shall also deliver the State Treas urer certif-
ed copy thereof. with the re ult OF the
upon the subject imm ediatey after the
rietion Of the canvass.
Chapter 242, approved April Is, 1851. Chapter l.
Ex ira esSion approved May 25, lSG1.
Said election to be conducted, the votes canyassed
and returns made in accor dance with the provisions
Of CHAPTER OF the Revised statutes of 1853
pated Sheriff Office, jefferson, Aug, s, 1851
HFBER SMITH,
Sheriff JEFF CO. Wis.