The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1869-03-25

July, or on the following day When ,ither O.
the four d.ys last mentioned occurs on Sunday
! shall be payable or rerformsble NOON the
| business days next preceding said days; I'D in
case Of no,-paymeut or non.fu dllmes i shall
be noted end pIUt.Rted upon such pNseedius
day; but notice Of the dishonor nos.p syuent
or non.ful6l!ms' & thereof need not b. given
| untilthe business day next following shs dsys
, above specified. - z.f1, 's:.. T. =.
| Approved March 4, 1899.
AN ACT to amend section thirteen(l S)of chap.
! ter thirty three 1887 OF the >tatn,es Of Mime.
! sofa. entitled Banks and Banking
| Be it enacted BY The Legtssaturs Of the &a.e Of
' Minnesota.
. SECTION l. That the last clause Of section
thirteen (l3) ofchapter thirty thres (33) Of the
general statutes OF Minnesota, be amended 20
as to read 10 follows:
But no such association or banker shall issue
bank notes under this chapter until such asso-
citation or tanker deposits with the Auditor
the securities required by this chapter
Approved, February 8, 1869.
/ AN ACT to amend chapter tlirtv.three Of the
g neral Statutes, entitled Banks and Bank.
lhg
Be il enacted BY the Legislature Of the STATE Of
linnesota:
SECTION l. That section thirteen of chap.
Ter thrty-three Of II. general :, IVES is here
by amended 80 as to read az follows:
sec. IL. Such person or association has
power to carry on the business CT tanking, BY
dlscountlng bill: not s an o;''er evidences Of
debt. ~ receiving deposits, by buying and
selling gold and silver, bullion. foreign coiu,
and foreign and inland bills Of exchange, BY
loanlng money on real ana persona: securities.
| and by exercising AL the usual and incidental
power and privileges belonging or pertaining
10 such business; may chNs.e Que OF their num-
her president, and raay appoint a Cashier and
such other OF Gers a. their husiness nay 70.
| quire, and remove such president. cashier, OF.
| tlcers aud agents ~ pleasure. aid appoint
others in their places; bu, no ,cul:,tinv notes
shall be Issued to any such association or bank.
! er by the auditor OF State under Tire provl-iuns
of this chapter until such association or bank
! er shall have deposited with such auditor the
securities prescribed in the fourth section OF
this chapter. Provided. hat nothing in this
! chapter contained shall! he CONSUMED 10 re-.
qulre the deposit of any such securities by any
such association or haukor unless such i ,soci-
a'ior or banker shall jesire and apply to tho
auo..or OF State for such circulating notes.
Sec. 2. The twenty.second section Of said
chapter is amended hereby 50 us to resd is
follows:
Section %. In the event Of the insolvency
of any bank established under the provisions
Of this chapter, the bill holders thereof IF
any shall be entitled to preference in pay.
men1 over all other creditors Of such bank.
Sec 3. The twenty. fourth sec.iou OF said
chapter is hereby 30 amended rs ~ resd ~
follows:
Section "a. When any owner Of bank to
under this chapter, dcsirous OF rc!ihQuisn,ne
the banking bu~ness, notifies the State Aua-
tor of such in1eution, it is competent ~. It Oh
bank or bankers to redeem, aud dep,a: with
the Auditor OF State from timo 10 .ln:e their
circulating notes, IN sums not !ess tl.au ono
Thousand d liars al any one time, and receive
and withdraw therefor an equal AFRO AMI Of thu
securities b, ,eu deposited with the Aud.p,r
OF State; tut no such bank shall continue
to transact any business whaseve~ ,ur.h
than wi at may be required to settle up ITO
affairs, sitter It's securities or circulation ehali
have been reduced TO lees than twenty-five
thousand dollars, mr. in any case after Two
years from the date of such notice IF int"nt.on
to reitnQuish Anu close up their bank,l BUSH
ness as aforesaid. And whenever = " bank
or banker to which Circulating notes shall
have been issued under this chapter de: iroS
10 withdraw all Of the securities LOGGED with
the Auditor Of State, they may upon notifying
the Auditor Of such desire, dep. sit from TINA
To time with such Auditor their circulating
uotas in sums VI not less that oae Thousand
dullaFs Al q tims, and Upon such deposit with
draw ell equal amount of such sscu; iti.s, aid
when sucn bank or banker shall have 70
deposited ~ many Of such circulating notes
as, after reas n.ble .fforts on their part in
that behalf have bern presented 10 Them Tor
redemption, tbey may withdraw the balance
Of such securities b! producing aid hii,g with
the Auditor a certificate of deposit 10 his
credit in such bank as he shall approve, Of AZ
amount equal 10 the amount oi the CIRCULAR ing
notes Of such bank then remaining unrsdeeu-
ed: and the Auditor upon being salisf. d Of
such deposit ard Of the suItccncy thereof,
such bank; Provided that such bank or bank.
or shall not thereafter. nor shall any bank or
banking ASSOCIATION organized and doing bust
ness under this chapter, at any time issue and
put in circulation money any bills or notes
unless obtained Of the Auditor OF State In The
manner and upon the securities prescribed in
this chapter.
Sec. 4. This act shall take effect and be in
force from and after lis passage.
Approved March S, 1862
AN ACT to prevent the commission Of waste
upon unincu,uoe. ed real estate.
Be it enacted By tie Legislature Of tie State Of
Ninnesota.
SEC. !. That M mortgagor ur other per-
son shall move any building, fixture or fence,