River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1876-05-04
LAWS or WISCONSIN.
Published Apn! II, 1870
CHAPTER gA0

Published Apr!! ~, 1870
CHAPTER 940.
AN ACT to provide for the sAfo-keeping Of
public moneys, and the investment Of sur
The people OF the state Of Wisconsin, repre.
selted L. scratc and assembly, do enact az
follows.
Section l. Every public ofcer who by viz.
tue o. any public ofice IN this state becomes
The custodian or possessor O any moneys be.
longing 20 such 0filos eX-o1lciO or otherwise,
Ehsll faithfully hold ana keep the same until
drawn, transferred, " invested IN accordance
With law; and the use on loaning Of such
money J." any public officer without the Ru.
thorty u law, shall be deemed embezlle.
ment, and upon conviction thereof he shall
BE- punished by imprisonment IN the state
prison FOR O term Of not less than one year
nor more than ten years, In the discretion 81
the court
section z The usa o. conversion OF any
public moneys other than BY lawful author.
ity, and the use or deposit h suoh moneys
for private purposes o. gain, shall be deems
no looning or embetzllng the same, and UPON
conviction thereof, he party 50 offend ng
ihall b. punished as provided In section one
Of this aot.
Section 3. Whenever in the opinion Of the
lawfully constituted authorities, Il u6v b.
deemed advantageous to the state 70 i. vest
pun AAAbAAA ~ al AAtNfAtaA@ htuAANA AONf9 ~
The United States, or Of this state, Il may 10
lawful for the came authorities which other.
wise might control md direct the expenditure
Of the same, 20 direct such investments 90 he
made provided, that such direction shall be
made and kept Of record, and that the ac-
account Of loss or gain shall be kept with the
particular fund from which the Investment
y made, and loss or gain thereby shall in.
snre 20 the same fund
Section Z. The commissioners Of school
and university lands By and with the ep-
pr0val oi the Governor, may from time 10
/ tin direct snch Investments from any fluid
/ held by " belonging % he state, not other.
vise provided for, and may specify the
kind and amount OF such bonds 20 T.
taken, snd, also, may direct the subsequent
disposal VI such bonds, The proceeds OF which
shall BE- covered into the fund from which
taken
Section o. I, shall he the duty Of The Gov.
erDor and Attorney General AZ least once in
each quarter year, and az such other times So
the Governor may elect, 10 examine and see
iha. the sum Of All moneys, appearing by the
books Of the Secretary 81 State and State
/ Treasurer as belonging to the several funds,
D, IN the vaults Of The treasury and in case
Of q deficiency to require the treasurer 10
make the same OF once good Should the
treasurer refuse or neglect fer the period oi
ten days thereafter 10 have the full sum due
in the treasury, il shall ~ the duty OF the
Attorney General 70 institute proceedings n
lav 10 recover the same
Station g. Sections one and two % this act
hal apply 10 all pnblic officers within this
state aud Tor any violation Of the provisions
thereof fnit may le instituted by any TAX.
payer, 90 IN other criminal proceedings
Section Nothing contained in this got
shell To construed az prohibiting The invest
ment Of funds by any county. town, CITY or
village authorities ia the outstanding mdebt-
ednfss ~ their own respective organizations
section All acts or parts Of acts con.
1lcupg with or coniravening the provisions
Of this sct are hereby repealed
Section 2 This act shall take effeot and be
IN force from and after the frat Monday in
January, 1873
Approved March 3, 1876