Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1861-08-17
General Election Notice,
FOR WOOD COUNTY.

III lLc p1dCt VI iittHS -. iltS
whose several terms of Office will expire on
the 3lst day of December, 1851.
A Member of Assembly, for the Assembly
District comprising the counties of Wood and
Marathon.
One or two County Superintendents of
Schools, in the several Superintendent Dis
tricts, as determined by the County Board of
Supervisors. County Supervisors, in the seve-
raj Supervisor Districts, and such other Coun-
ty Officers as are by law required to be elected
at such election.
At the same election, the question will be
taken upon the approval by the people, of the
amendments proposed to the General Banking
Law, by Chapter 242 of the General Laws of
Laws of the Extra Session Of 1851, as follows:
CHAPTER 2t2:
Us amended By Chapter l, Extra Session.
An ACT to amend the General Banking Law
and the several acts ananda.ory thereof:
Tie people Of tie State Of WISCONSIN, represen-
ted IN Senate and assembly, d eaact as folloocs
SEC. /. Section %, Of chapter Il If the Re-
vi5ed Statutes, with the tharaurto belonging
amendment, (see chapter 90. de.eral Laws,
1857, is hereby anende i as follows by strik-
ing out the following words, "G4id stocks to
be valued at 4 rate to be estimated and gov-
erncd by the average rate at which said
stocks have been sold in the city of New
York, within the next six months preceding
the time when such stocks NAV be lat. on d.
post with the Comptroller" BY striking
out the words equal to-" ard Inserting 81.
the words mot eXceedi2g," the words 'sia
value" BY striking out the following words
"but such public stocks shall, in all cases, be,
or be made to be, equal to stock pro-
duclng SIX per cent. per annum and it shall
not be lawful for the Bank Comptroller to take
such stock at q rate above its par value, nor
above its current market value in the City of
New York, at time Of deposit, by such person
or association of persons" and by inserting in
lieu thereof, the following "and it shall be
lawful for the Bank Comptroller to issue for
public stock, which have been ranging at or
above par during the last six months, and up
to the time of deposit in the New York mark
ct, circulating notes up to the par value of
said stocks; but the Comptroller shall not is
sue for public stocks ranging below par in
said market, more circulation than ninety per
cent. OF the current market value of said stocks
at the time Of uepOsit, nor more than ninety
per cent. Of the average market value during
the last six months; and for such stocks as
during the last six months have been ct and
above as we'll as below par, the COMPTROLLER
shall not issue more than ninety per cent. of
the average value during the last six months,
nor in any event more than ninety per cent.
of its market value on the day Of deposit nor
more than ninety per cent. Of the par value of
such stocks; :" SO that the said section shall
henccforth read as follows: "Whenever, here
after, any person Or association OF persons,
formed for the purpose Of banking under the
provisions Of this chapter shall duly assign
and transfer in trust 10 the treasurer Of this
State, any portion Of public stocks issued or to
be issued by the u. ). - any STATE stocks, on
which full Interest is annually paid such person
association Of persons sii al re entitled to re-
ceive from the Bank Comptroller an amount
Of such circulating notes Of different denOni-
nations, registered and countcrsigncd, and
not exceeding III value the amount CT public
stocks assigned and transferred aforesaid
and it shall be lawful for the Bank Comptrol-
Ter to iss e for public stocks, which have been
ranging at or above par during the last six
months, and up to the time of deposit in the
New York Market circulating notes up to the
par value of said stocks. but the Comptroller
shall not issue for public stocks ranging below
par III said market, more circulation than
ninety per cent of the current market value of
said stocks at the time of deposit, nor more
than ninety per cent. of the average market
value during the last six months and for
such stocks as during the last six months have
been at and above as we'll as below par the
Comptroller shall not issue more than ninety
per cent OF the average value during the last
six months nor in any event more than ninety
per cent OF its market value on the day of
deposit, nor more than ninety per cent of the
par value of such stocks: Provided, That if in
the opinion of the Bank Comptroller, together
with the Governor and the Secretary of State
any stocks offered shall be deemed insecure
they shall not be received IS such securities
under the provisions OF this act, ind prorid
ed FURTHER that from and after the first day Of
December, 1861, the Bank Comptroller shall
not receive as security for circulating Bank
Notes, any other public stocks than those is
sued by the State of Wisconsin and the United
States"
Sec. ,. Any public stocks described in the
preceding section, and issued at rate of inter
est less than five per cent. per annum. TO De
receivable by the Bank Comptroller, shall be
made to be equal TO stocks producing FIVE per
cent. per anIl-Ict.
See. 8. Section 40, of chapter II, of the
Revised Statutes, is hereby amended by insert
ing between the words ''located1 and to" in
thu 18th lin Of said section, the words, ''or to
the Judge at chambers"
Sec. t. Every bank and banking associa-
ton now organized il this state, aid all banks
and banking associations that sbr be organ
lied before the first DAY of December 1851
except such banks and banking associations as
are or may hereafter be located in the cities of
Milwaukee and Madison, shall, on or before
said first day Of December next, appoint an
agent who shall keep Office in the city of
Milwaukee, or in the city Of Madison, for the
redemption of all circulating neteS issued by
such bank or banking association, which shall
be presented to such agent for payment or re
dcmption.
Sec. ;. The appointment Of such agent
shall be made in writing, and such written ap-
pointment shall be delivered to the Bank
Comptroller on or before said first day of De-
cember next, who shall file the same in his of
fee. If any bank or banking association shall
neglect Or refuse to appoint such agent within
the time above mentioned, the Bank Comptrol-
Ter shall annnint such anent for snch hank or