The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1865-07-13
lPublishf d NJ ay 10 1861
CHAPTRR 400

AN ACT to provide for BAKING the shares OF
stock of national banking associetiops
The people of the state of w sconsin represep
lows: 8
Section l. 1t shall be the dutv Of the ssss.so,
Of any city, ward or town,in which any 6anking
association, created by authority of sny law Of
The United States, may be located to include in
the valuation of the personal property of any
person or corporation, whether residinesor 10.
Gated IN or put OF such city, town or ward the
shares OF such banking associations owned bv
snch Ferson or corporation, at the par value OF
such shAres. Such assessor may APPLY to apy
officer or manager of such- banking association
foI he names OF such shareholders, and upon
such apple alton ii shall be the duty of snch
officer manager 10 furnish to sueh assessor
fu u and correct list of all the shareholders in
such association, and their respective places Of
residence, so tar as such officer or manager can
ascertain the same, which list shall be verified
by the athdavit OF such officer or manager In
case s1ch list shall not be furnished by the frat
day OF November, 10 shall be the duty of So oh
assessor to make personal examination of the
DOCKS ana papers OF uch association. for which
purpose full authority is hereby con ferred upon
him, and to obtain from such examination and
Otherwise, information that may enable him 10
make return of such shareholders and the
amount OF stock owned by each, on or before
the hrst OF December. The assessor shall
make return OF such shareholders and stock.
and II ne shall be unable 10 ascertain the names
of all the shareholders be may return them. as
unknown owners Specifying the number of shares
belonging to them
Sec Q. Such return sha not be altered or
eqaal1ed by any other officer but shall be de-
hYered to the clerk of the board of SUPER
visors IN each county, who shall Immediately
forward a copy thereof certified under his hand
aud seal OF otf1oe, to the state treasurer Nor
shall the value of shares go returned be included
in the estimated basis of taxation nor shall
any tax be levied thereon except as herein di-
rected. sfE Ea
Sec. 3. It shall be the duty of every own
or or holder ofany share or shares in such
banking assoc l&tion. whether resident or To-
Gated within without the state TO paw 10 the
sfate treasurer before the thirty first idey
of December, in each year, a tax fpr that wear
of one and one-half per eentum on the par
value of such stock which tax shall be a lien
upon such stock from and after the first dav ut
July previous until paid. In case the tax on
any such stock shall remain unpaid until the
first day OF February thereafter. it shall ba the
duty of the state treasurer, without unnecessa
ry delay' 10 give notice OF such noH>payment,
and that IN consequence thereof he will sell the
share or shares, specifying the number and
the names OF the owners, SO far as known TO
him, at public auction, at his Office in the city
OF Madison at time to be mentioned in the
notice. Such notice shall be vi ven nv nuhliea,
tion IN tne STATE paper and in some newsnnper
published where such bank ing association NAV
De located, II any there s'iaI be, once week t,r
at least four weeks Dr'. vinusly to such sale
ne ssale treasurer U.ay postpone such sale
from Time TO time got exceeding four weeks
from the Cay first fixed for such sale. of which
poslp"nement NJ. shall give notice by publication
in the afuresa' d newspaper
Sec q; re said banking associations may
pay 10 I'd Q state treasurer the amuunttf such
tax on me shares OF their rep. Give stockhold
ere, o. any time before the said thirty fret da J
Of december !; and if any such association
shall pay such tax before he fret day Of Nos
vember, when the lisr of shareholders shall be
rqured to be made as provided in the frs,
section of this act. such list need be made
but the SAID association shall exhibit to such as
Ressor the state treasurer s eceipt, showing such
payment, aud thereupun no further proceeding,
shall be taken except that the Assessor shall MAKE
return that such association hiss paid the taxes OF
it's shareholders for the current year.
Sec 5 Ii the said tax shall not be paid on O,
before the 3lst day of December. a. aforeraid 8
penalty of one per cent the amount of ih,
stock shall be added thereto. and If such tax ans
penalty t.'geher it'll The cuets and charges, sAal
not be previously paid to the state treasurer Tin,
shares of stock delinquent shall be sold by ID
state treasurer, according 10 the terms OF the rn
tce OF sale aforesaid; and the purchaser OF an,
share or sh ares shall receive from the stsf
treasurer certificate Of purchase thereof whir
shall vest III him perfect little thereto and b
Pr1Rd t0cfe eVlGeDce OF suCh title and nm
presentation OF such certificate to the nropa
banking association, the stock so p ,rchase
DOOk
of such association. Such banking a ssoci,tio
shall have power to pay such taxes ON hehslf {
the stockholders, and shall have Ii an tor m
amount go paid upon the stock or in the case
paying such tax upon all ofthe s.ocIi they ma
treat the same as part of the eAper ses of mar
aging such association.
Sec. The state treasurer shall nav mt q
the proceeds OF such sale of stccy tie ta, nor
atty ana charges OF advertising and sale. an
shall retain the remainder for. TIE owner Of m
stock, to be paid TO him upo,i demand and nras
entston OF proof OF owners,hip 81
Sec. z. Whenever the tax as.a.sea uno
9th or monied capital in the hands of ;ndiv;dn,
citizens Of the state, shall b less than one IN
one-hslf per centum, 1t sh all be the duty of n
state treasurer TO reduce correspondence the IA
upon the stock of the said bank ing aeseeietiop
and to require the paymen only Of such r.
duced tax.
Sec &. The real estate. of such banking a
soclatlons shall continue to be sssess ed and ia
ed es other real estate.
Sec. 8. This act shall take effect and be
force from and after it's passage and publicatio
Approved April 8, 1866.
Among The new names for lsd;es, ro.r,l,
we near OF the Nv ife's bliss, the Husband
torture, the Bar ere Terror the ..Sberif
10y, the Poor Mars Horror. ,'the s,Rieh Mar