The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1862-10-03

Chapter 30i Oi the General Lava Of So,
as follows:
AN ACT
To amend Chapter Il of the Revised Statutes.
entitled "oi the incorporation of Baukirs
Associations"
Tie People Of the St4te Of IVIsconsiu, ,eDre,
ss'sted in Senate and AssemJly, Do enact as
J0tlopS:
S1crIoN l. 70 bank or banking association
shall dcmaud or receive a greater or higher rate
Of interest upon any note discounted by such
bank or banking association. or for the loan or
forbearalce Of any money. goods or things IN
action, than seven dollars upon one LQndrel dol
lars for one year, and after that rate for great
err or less sum, or for a longer or shorter time.
Whenever the securities deposited With the State
Treasurer to secure the redemption OF the Ci-cu-
lating notes OF any bank, shall De sold in pms u
ance OF sections t0gty-one and forty-twO OF said
chapter T Tof The revised statutes, if such Sc
curities shall &c or have been sold for a sum
sufficient to redeem its outstanding Jtts at par,
then the Bank Comptroller shall, after the expi-
ration of three wears from tie time of sale Of
such securities pay over to the legal represents
alive OF anv such bank, upon application there.
for the surplus derived from the sale Of said Sc
curities, if any there be remaining in the custo>
dy of the Comptroller
SECTION . AT the general election to be held
on the Tuesday next succeeding the first Mon
DAY in November, A. D. 1862, at all the places
of holding elections in this State for the election
of officers required by law then to be elected
the question whether this act shall become a
law and 20 into effect, Or in any manner be in
fore, shall be submitted to the people aud if
the same shall be approved By majority Of all
the votes cast on the subject it shall 60 uto ef-
feet othersise, it shall no. 90 into effect Lor
be in force,
SzCrloN 8. The votes cast on the subject
specified in the last preceding section, shall be
by separate ballot, and shall have written or
printed, or partly written and partly printed on
each of them, the words for amendment to
the banking law, or " against amendment to
banking law, p" which words shall indicate the
vote for against the approval of this act,
and the ballots SO cast shall be caEvasscd and
returned in the same manner as the votes cast
for State officers RE required BY law to be re-
TUNED and canvassed; 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 small
communicate the same to the next Legislature
at the commencement OF the session; and lie
shall also deliver to the State Treasurer cert.
fed copy thereof, with statement Of the result
Of the canvass upon the subject, Immediately az
Ter the completion of the canvass.
SECTION /. This act shall take effect and be
in force from md after the tweaticth day Of
January, 4. d. 1868.
SECTION ). AL acts or parts Of acts conftcc-
ing with or in any way contrayeuing tbs proYig-
ions of this act, are hereby repealed,
Chapter 203 approved April 4, 1862. Chap
ter 354 approved June II, 1869.
Said election to be conducted, the votes can,
vassed and returns made, in accordance with
the provision Of Chapter Of the Revised Stat
utes OF 1858.
GIVEN UNDER MY HAND, and the
Icrn\ Great Seal OF the State, at the Capt.
tol in Madison on the fourth day Of
August, 4. .. 1852.
JAMES T. LEWIS,
Secretary OF State.