Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-11-01

sence ths deputy aoRptroller, is hereby authorized
administer oaths Prorided. that nothing this
act cont aimed shall be construed to permit any
bank to issue circulating notes te any greater amount
than its nominal capital.
Section Is. From and after the first day of Decem-
Der 1t shall not be lawful for auy bank or bank
ing association, banker, broker company corpora
ton, to circulate attempt to circulate, to pay
our rs money, any bill, note or other evidence of
debt. ISSUED or pprporting to hare been issued by
any BANK, ban king association company, corporation
or1nt1vdual located residing of this State
less said bill, or note evidence of debt shall, for
the last six months preceding such circulating or
paying out, have been redeemable in the city of New
York or Boston in current r,oney of the United
states at u rate of discount rot exceeding three
orrrths ofone per cent and the decision the hank
comptroller as to the rate of such discount .hau be
final aud conclusive. Every bank or banking aSsoc;-
alton, banker or broker, corporation company Of
Tending against the provisions o. this section shall
forfeit for each Gnd every oensc the one hum
dred dollars. be recovered with costs Of suit the
name and for the of any person who shall
the same aud prosecute such suit to judgment in
any court having eognisance thereof
Section 10. Each and every person owning or hold
ing stock in apy bank or banking association. who
shall SELL transfer assign his stock or any portion
thereof, in any such bank or banking association,
shall be held, and remain for the term of six mouths
from and after such sale, transfer assignment
afore- aid personally liable othe amount stock so
asafofesaid solo, transferred assigned by him for
the payment OF all the debts and haolltles oil Such
bank or banking ISOLATION, existing at the Tina of
such sale, tran sfer assignment. --E- Esl
Section II. This act shall take effect and be in
force from and after the first day of December 1861.
Section Is. All acts parts of acts conflicting
with, or in any way contravening the provisions of
this act, hereby repealed.
Section 70 At tbs general election TO be held
the Tuesday next succeeding the first Monday in No
Yember in the year 1861 at all che usual places of
holding elections in this State for the election of all
officers uired by law then to be elected the ques-
ton whether1ths act shall become law and 20 into
effect in any manner be force, shall be submit
ted to the people, and if the shall be approved
by majority of all the votes east on the subject it
shall go into effect otherwise, it shah not 20 into
effect nor be in force.
Section 20. The votes cast on the subject spccif-
in the last preceding section shall be by Separate
ballot. and shall have wricten printed partly
written and partly printed, on each of them the
words: ssEor amendments to the Banking law" or
s.Against Amendments ts the Banking Law" which
words Shall indicate the vote for against the sp
prevail of this act; and the ballots cast shall be
votes cast State Officers required by law be
canyassed, and the Secretary of State shall immed-
ateIy, on the completion of said canvass publish
stat enent of the result thereof in the official State
paper and shall communicate the same to the next
legislature at the common cement of the session and
he shall also deliver to the State Treasurer certif-
copy thereof with statement of the result of the
canvass upon the immediately after the
rletion of the canvass.
Chapter 242, approved April 10, 1861. Chapter /,
Extra Session, approved May Is, 1861.
Said election to be conducted the votes canvassed
and returns made in accordance with the provisions
of Chanter of the Revised Statutes of 1883.
pated Sherif's Office, Jefferson, Aug. s, 1861.
HEBER SMITH,
50 E-+ p Sheriff, JEFF. Co., Wis.