Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-10-04

administer oathS; Proride9 that nothing in This
act cont tanned shall be construed permit an
bank TO issue circulating to any greater amount
than its nominal capital.
Section Is: From and after the first day of Decenl-
per next 1t shall not be lawful any bank or bank
ing association banker, broker COMPANY or cornoro
tloh TO circulate attempt to circulate or to nav
9ut Is money any bill, note or other evidence of
80 ued or purportlng to have been sSued hy
any banS banking ociation, COMPANY earporation
or lhoVldual oca ed or residing out of This
less Sald Dill, or note evidence of deht shall r
the lait SIX months preceding such circulating ar
paying out, have been redeemable in the civ ~ "
500. ~ VI ION III current r-oney of the United
states, at rate of discount not excae5inr -
fourths OF one per and the decision If a. 80,
as TO the rate of such discount sbaII he
MAJ ma! anu conelusiPe; Every bank banking ascot
alton, banker OF broker corporation or connanv 81
Tending against the provisions of this seotir t1
forfeit for each and every offenSe the sum of on 10
drcd dollars to be recovered with costs of sni in 49,
sme and for the use of any person who sboII f
the same and prosecute such suit to iudgmon+ -
any court having cognizance thereof 'i' ~
Section IS. Each and every person owning orbo,,
ing stock IN any bank or banking association who
shall SELL transfer assign his stock or any norton
thereof, in any such bank or banking associotion
shall be held and remain for the term of six mouths
from and after such sale, transfer or assignment
aforesaid personally liable to the amount of stock SO
as aforesaid sold, transferred assigned by him for
the payment of all the debts and liabilities of such
bank or banking association, existing time of
such sale, transfer assignment.
Section II. This act shall take effect and b. in
1orce from and after the first day of December 1861
sGcuon Is. All acts or parts of conflicting
"a III oitS way contraVening the provisions
this act, are hereby repealed -
secuon ~. At the general election to be held on
the IueS DAY next succeeding the first Monday in No
Nemoer IN the Year 1861, at all che usual places of
holding elections IN this State for the election of al
officers required by law then to be elected the oues
ton whether this act shall become law and ro info
effect or in any manner be force shall ba submit
ted to the people, and if the same Shall be annroyed
by majority of all the east on the subiac il
shall go into effect otherwise, it shall not 90 into
effect nor be in force. ~
Section 20. The votes cast the subject spccif-
ed IN the last preceding section shall be by separat
ballot. and snail have written printed or nartIv
written and partly printed, on each of them the
words: ''FQr amendments to the Banking law ,, or
against Amendments to the Banking Law" which
words shall indicate the for or against tho
prevail OF this act and the ballots so cast shall he
ed and returned in the anne manner as the
votes cast for State Officers required by law to be
canyassed. and the Secretary of State shall mmedi-
ately, on the completion of said canvass publish
statement OF the result thereof in the official State
paper, and shall communicate the to the next
legislature at The common cement of the session. and
he shall also deliver to the State Treasurer certif-
ed copy thereof with statement of the of the
canvass upon the subject Immediately after the COM
pletion of the canvass.
Chapter 242 approved April IS, 1861. Chapter l.
Extra Session, approved May IS, 1861
SAID election to be conducted the votes canvassed
ana returns made in accordance with the provisions
OF Chapter of the Revised Statutes of 1858.
Dated Sheriff's Office, Jefferson, Aug. 8, 1861,
HEBER SMITH,
Sheriff, jeff Co., Wis.