The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1861-05-03

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pay out as money, any bill, note or other
evidence of debt, issued or purporting to
have been issued by any bank, banking
association, company, corporation or indi-
v:dual located or residing out of this state,
unless said bill, or note, or evidence of
debt shall, for the last six months prece
ding such circulating or paying out have
been reieemable in the city Of New York
or Boston in current money of the Uni ted
States, at rate of discount not exceeding
three foul tbs of one per cent and the de-
cision of the bank comptroller as to the
rate of such discount shall be final and
conclusive. Every bank or banking asso-
citation, banker or broker, corporation or
company, offending against the provisions
of this section shall forfeit for each and
every offence the sum Of one hundred dol
| lars, TO be recoveted with costs oe suit in
the name and for the use of any person
who shall sue for the same and prosecute
such suit to judgment i'll any court having
cognizance thereof
Sec. 16. Each and every person owning
or holding stock in any bank or banking
association, who shall sell, transfer or as.
sign his stock or any portion thereof. in
any such bank or banking association,
shall be held, and remain for the term Of
six months from and after such sale, trans
fer or assignment, as aforesaid, personally
liable to the amount of stock so as afore
said sold, transferred or assigned by him
for the payment Of all the debts and LA
biities Of such bank or banking associa~
ton, existing at the time of such sale,
transfer or assignment.
Sec. IT, This act shall take effect and be
in force from and after the first day of De
| cember, eighteen hundred and sixty one
Sec. is. All acts or parts of acts con
flicting with, or in any way contravening
the provisions of this act, are hereby re-
pealed.
Sec. 10. At the general election to be
held on the Tuesday next succeeding the
first Monday in November in the year
1861, at all the usual places Of holding
elections in this State, for the election of
all officers required by law then to be
elected, the question whether this act shall
become law and 90 into effect, OF in anv
manner be in force, shall be submitted to
the people, and if the same shall be ap
proved by majority Of all the votes cast
on the subject, 1t shall 90 into effect; 9TH
erwise, it shall not 60 into effect nor be in
force
Sec. 20. The votes cast on the subject
specified in the last preceding section
shall be by separate ballot, and shall have
written or printed, or partly written and
partly printed, OH each of them, the words
For Amendments to the Banking Law"
or, "Against Amendments to the Banking
Law" which words shall indicate the vote
for or against the approval of this act
and the ballots SO cast shall oe canvassed
and returned in the same manner as the
votes cast for State officers are required
by law to De canvasSed, and tue Secretary
of State shall Immediately, on the com
pletion of said canvass, publish staten ent
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 lie shall also deliver to
the treasurer certified copy thereof, with
a statement of the result of the canvass
upon the subject Immediately after the
completion Of the canvass.
Approved April 13, 1861.
Published April l, 1861.
CHAPTER 120.
AN ACT to amend chapter 10 of the re,
vised statutes entitled of Railroads.
The peope of the State of Wisconsin
represented IN, Senate and assembly, do en-
act as tolLosos
Sec. l. Chapter seventy nine of the
revised statutes, entitled "of Railroads" is
hereby amended as follows: All actions
concerning real estate against railroad
corporations created by the laws of this
State, may be brought or instituted in any
county in the state wherein such real es.
tate is situated.
Sec. ,. The process for the commence
ment OF any such action shall be served
upon the President, Secretary, Superin-
tendent, General Attorney, Directors, or
any or either of them, of such railroad
corporation, Propided, that when such
process be served upon the General At.
torne-, or upon the Directors, or any or
either of them of such railroad corporation,
it shall be necessary for the plaintiff or
bis attorney in such action, within five
days thereafter, to serve notice by mai
or otherwise upon the Secretary Of such
corporation of the commencement and
pendency Of such action.
Sec. 3. All actions heretofore brought |
against any such corporation, in which ser
vice of process has been had on any d.
rector of SAID corporation, the proceedings
therein shall be held legal, unless the |.
President or Secretary of said corporation
within six months after personal notice of
such proceedings. shall make motion to
set aside the proceedings, Prorided this |
section shall not apply to cases where
there has been an appearance in the suit
on he part OF such corporation.
Sec T. The notice in the preceding
section named may be served by mail on |
either the President or Secretary of such |
corporation, and proof thereof made and /
fled with the clerk Of the circuit court as .
in other cases.
Sec. 5. In all actions herein before men.
toned when the proceedings are set aside, J