Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-08-09

sence the deputy comptroller, is hereby authorized
to administer oaths Pr0rided, that nothing in this
than its nominal capital.
Section Is. From and after the first day of Decem-
Der next 1t shall not be lawful FOR any bank bank
ing association, banker broker company or corpora
Aon, TO circulate or attempt TO circulate, to pay
OUT as money, any bill, note other evidence Of
DEBT, issued or purporting to have been issued by
any bank, banking association company corporation
individual located resid ont of this nm
less said bill, or note evidence of debt shall for
the last SIX months preceding such circulating or
paying out, have been reasonable in city of New
York or Boston in current G.oney of the United
States, as rate of discount not exceeding three
fourths of per and the decision of the bank
comptroller as TO the rate of such discount shall be
final and conclusive. Every bank or banking assor;
alton, banker or broker corporation or corunanv ~
Tending against the provisions OF this section shall
forfeit for each and every ofenSe the one hun
red dollars to be recovered with of suit in t
and for the Of person who shall sue for
the and prosecute such suit to judgment in
any court having cognizance thereof.
Section 10. Each and every person owning or hold
ing stock in any bank or banking association, who
shall 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 months
from and after such SALE transfer assignment,
aforesaid personally liable to the amount of stock
aforesaid sold, transferred assigned by him for
the payment Of all the debts and liabilities OF such
bank banking association, existing at the time of
such sale, transfer assignment.
Section II. This act shall take effect and be in
force from and after the first day of December 1851
with. in any way contravening the provisions of
this act, are hereby repealed.
Section 49, At the general election to be held on
the Tuesday next succeeding the first Monday in No
vember, in the year 1861, ct all che usual places of
holding elections in this State, for the election of all
officers required by law then to be elected the dues-
ton whether this act shall become law and go into
effect, in any manner be in force shall be submit
ted to the people, and if the shall be approved
by majority of all the votes cast the subject 1t
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 separate
ballot and shall have written printed or partly
written and partly printed, each of them the
words: ''For amendments to:the Banking law or
against Amendments to the Banking Law which
words shall indicate the for against the ap-
prevail of this act; and the ballots shall be
canYassed and returned in the same manner as the
cast for State Officers required by to be
ateIy, on the completion of said canvass publish
statement of the result thereof in the official State
paper, and shall comm unicate the the next
legislature at the of the session. and
he shall also deliver to the State Treasurer certi
ed copy thereof with statement of the result of the
upon the subject Immediately after the com
rletion of the canvass.
Chapter 242, approved April Is, 1861. Chapter /,
Tx ira Session, approved May %, 1861.
Said election to be conducted, the votes canvassed
and returns made in accordance with the provisions
Of Chapter of the Revised Statutes of 1858.
Given under my hand and the Great Seal
of the State, at the Capitol in Mad-
son, on the first day of August, A.
Il. S. D. 1861,
LOUIS P. HARVEY
Aug. 9. Secretary of State.