Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1868-04-08

nod any rear estate aSeS6cuTltyE lOFsdAu
In paz usent of loans and debts .dueor to
be come due to said corporation and to
purchase any real or personal estate at any
sale made by virtue Of any process, mort
gage Or deed or trust, and to hold said
property or sell or convey the game, or
any part thereof, at such price and under
such conditions as the director er~etfieers
may think proper; aud all eonveyances
of real estate shall be made by its presi-
dent or yice-president as such, under the
seal of said corporation. $500 - p 2't
Sec. g. al stockholders Of said cor.
poratiou shall be severally and indiYidual-
Ely' liable to its depositors and creditors to
an amountlequalit to the amount of stock
Iiheld by Them respectively, and such La
bility shall continue for one year after
sale and transfer Of any such stock by any
such stockholderj and if suit shall be
brought against any such stakeholder for
any such liability, who shall have ceased
to be stock holder at the time that any
suit may be pending against the corpora
ton for the same cause OF action, shall be
added to the said term of one year, 1sA
Sec. 10. In case any stakeholder shall
fail to pay any installment for thirty days
after cal! therefor, the directors may
declare the stock forfeited to the corpora
ton. gt.iat .aass= - urfe E..1
+" Sec. II. The said corporation shall on
the first Monday Of October, in each year,
make and transmit a report in VIII ing to
the secretary of this state Of the condition
of said corporation on the morning OF the
said first Monday of October, before any
business shall be transacted on that day,
which report shall be verified by the oath
of the president, vice president or treas
'urer thereof ). aud shall state therein the
total amount due to deposltors, the total
amount of assets Of every kind, the
amount invested in stock, designating
each particular kind of stock, and the
estimated market value OF the same, the
amount Of loans, the amount OF fundsion
hand, the capital paid IN, the names of
all the stockholders and officers of such
corporasion, wi b their places ofresidence
and the amount of stock held by each:
+ Sec. II. AT the general election to. be
held on the Tuesday next succeeding the
first Monday of November in the year
4 1868, at The usual places Of holding cleo
tions in this. state, for the election OF all
officers required by lawto be elected, the
question whether this act shall go into
effect or in any manner be IN force, shall
1 be submitted to the people, and ifthe
same shall be- approved by a majority of
all votes cast on that subject, it shall 60
1 into effect aud be in force from and after
4 the date of said election, otherwise it shall
not go into effect or in any manner be IN
force. "a AT aL1aEA 2AW 0HVg
l. Sec. ID. The votes on the subject
I specified In the last preceding section,
1 shall'be by separate ballot, and, shall have
4 written or printed, or partly wltten and.
j partly printed on each Of them the words
] for the act toJincorporate the WatertoWn
savings institutions, ,or against the act
4 to incorporate the " atertown savings in-
stltution," which words shall indicate
Ethel vote of.the elector for or against the
approvaftof tdisact, and the ballots,so cast
shall be canyassed and returned in the
/ same manneras the votes cast for state
officers and required by Law to be- can
vassed, and theisecretary of state shall,
immediately ionthe completion of said can
vass, publlshoa statement Of the result
thereofin some newspaper printed at the
seat of government, and he shall commu
nicate the same to the next legislature,
at the commencement OF its session, and
he shall also deliver to the state treasurer
a certified copyH this act, if the same
shall have been approved, and a,ststement
of the result of the canvass of votes upon
this subject immediately after the compile
ton of said canvass. a. 9-ss a5i fms
Sec Ia. Allolaws or acts and parts Of
acts 'inconsistentawith the provisions Of
this act, are. hereby repealed H.-i9d,l.t
Sec. Is. This act shall take effect and
be in force from and after its passage
Approved March 6, 1861 o. aaa-
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