Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1862-08-23

taken upon the approval bv the naor,e .f tho
amendments proposed to the General Ranl;nc
Law, BY Chapter 2o3 Of the General Laws Of
1862, as amended by Chapter 354 Of the Con.
efal Laws of 1862, as follows:
AN ACT
te amend Chapter IL of the Revised Statutes,
entitled "of the incorporation of BanLing,
Associations"
Ihe people of the State of Wisconsin. ,.eDrese,-
rea i's Senate and assembly, do enact as foHo,cs
Section l. No bank or banking association,
shall demand or receive greater or higher
rate of interest upon any note discounted nv
such bank or banking assoc ia tien, or For tho
loan or forbearance of any money, goods or
things in action, than seven dollars upon one
hundred dollars for one year. and after that
rate Tor greater or less sum, or fer Il longer
or shorter time Whenever the securities de.
posted with the State Treasurer to, secure the
redemption of the circulating notes of any
bank, shall be sold in pursuance of sections.
forty -one and forty-two of said chapter II Tof
the revised statutes, if such securities shall
De or have been sold for sum sufficient to re-
deem 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 derived from the sale of said Sc
curlties, if any there be remaining in the Gus
tody OF the Comptroller.
Sec 2. At the general election to be held
on the tuesday next succeeding the first Mon
day IN November, A. D. 1852 at all the places
OF holding elections in this State for the cleo
ton OF officers required by law then to be
elected, the question whether this act shall
become law and 60 into effect, or in anv
manner be In force, shall be submitted to the
people; and it the same shall be approved by
a majority OF all the votes cast on the subject.
1t shall go into effect otherwise, it shall not
go into effect nor be in force
See. 5. The votes: cast on the subject speci-
heu IN the last preceding section, shall be by
separate ballot, and shark have written or prfn-
ted Or partly written and partly printed, on
each of them,, the words ''for amendments to
the banking law" or against amendment to
banking law, which words shall indicate the
vote tor or against the approval of this act;
and the ballots SO cast shall be canvassed and
returned IN the same manner the votes cast
1or State officers are required BY law to be re-
turned and canvassed; and the Secretary of
State shall, Immediately on the completion Of
SAID canvass, publish a statement of the result
thereof in the official State Paper, and shall
communicate the same to the next Legislature
at tile commencement of the session.: and he
shall also deliver to the State Treasurer Ger.
titled copy thereof, with Il statement of the re-
suit of the canvass upon the subject, immedi-
ately after the completion of the canvass
Sec. f. This act shall take effect and be in
force from and after the twentieth day of Jan
uary, A. D. 1868. s.-
Sec s. All acts or parts Of acts conflicting
with or in any way contravening the provis-
ions of this act, are hereby repealed
Chapter 2OS approved April 4, 1862 chap
ter 354 approved June II, 1852.
Said election to be conducted, the votes can
vassed 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 Madison, on the
fourth day of August, A. D. 1862
JAMES T. LEWIS,
Secretary of State