Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1862-07-12

rCAapter 2O3 originally published april, 1852;
os amended By chapter 800, PUBLISHED June So
1862
= CHAPTER 2os.
An Act to amend chapter u of the re-
vlsed statutes, entitled s'of the in
corporation ofbanking associations.
The people Of the State of Wisconsin,, represent
ed IN Senate and assembly, do enact as fol-
lo,cs: t"
Section /. No bank or banking as
ISOLATION shall demand or receive a
greater or higher rate of interest upon
any note discounted by such bank or
banking association, or for the loan or
forbearance Of any money, goods or
things in action, than seven dollars up
on one hundred dollars for one year,
and after that rate for greater or less
sum, or for a longer or shorter time.
Wheneverthe securities deposited with
the state treasurer to secure the re-
demption of the circulating notes of
any bank, shall be sold in pursuance of
section forty-one and forty-two Of said
chapter II of the revised statutes, if
such securities shall be or have been
sold for sum sufficient to redeem its
outstanding notes at par, then the bank
comptroller shall. after the expiration
of three years from the time of sale of
such securities. pay over to the legal
representative Of any such bank, upon
application therefor, the surplus de-
rived from the sale of said securities,
if any there be remaining in the custo-
dy of the comptroller.
Sec. 2. At the general election to be
held on the Tuesday next succeeding
the first Monday in November, A. D.
1852, at all the places of holding cleo
tons in this state for the election Of
officers required by law then to be cleo
ted, the question whether this act shall
become law and 60 into effect, or in
any manner be in force, shall be sub
mitted to the people; and if the same
shall be approved by majority of all
the votes cast on the subject, it shall
90 into effect; otherwise, it shall not
20 into effect nor be in force.
Sec. 3. The votes cast OIL the sub
,ject specified in the last proceeding
section, shall be by separate ballot
and shall have written or printed, or
partly writer and partly printed, on
each of them, the words ''for amend
ment to the banking law" or against
amendment to banking law" which
words shall indicate the vote for or
against the approval of this act; and
the ballots so cast shall be canvassed
and returned in the same manner as
the votes cast for state officers are re-
CURED by law to be returned and can
vassed; and the secretary of state
shall, Immediately on the completion of
said canvass, publish statement of
the result thereof in the official state
paper, and shall communicate the same
to the nextlegislature at the commence
ment Of the session; and he shall also
deliver to the state treasurer certified
copy thereof, with statement of the
result Of the canvass upon the subject,
Immediately after the completion OF
the canvass
Sec. 4. This act shall take effect and
be in force from and afterthe twentieth
day Of January, A. d. 1863.
Sec. 5. All acts or parts Of acts con-
flicting with or IN any way contraven-
ing the provisions of this act, are here
by repealed.
Chapter 2os approved April 4, 1862;
chapter 354 approved June II, 1852.