Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1880-03-25
Published March Is, 1881


| AN ACT to provide for the individual liability OF
stockholders in banks and banking associations.
The people of the state of Wis consn represented
In senate and assembly. do enact as follows:
Section |. The stockholders owners and mart
owners of any bank or banking association organ
l1ed or hereafter to De 9rganized under the pro
business OF banking" approved April 10. 1882 and
h ae ay s Ta the
Ing signed by each and all Of the stockholders.
association and by them duly acknowledged be.
| fore some officer authorized by law to take &C
| TO hold themselves individually responsible for
all the debts demands and liabilities of said bank
| Section 2. upon delivery of such declaration
said the treasurer SAID treasurer shall file
and safely keep the same in his office; and upon
h 6 es of GT pefSa T fRd
the state treasurer shall make, certify and deliver
S9 and such when duly certified by the
courts in this State and shall have the same effec
as the original declaration would have If produced
Section 8. On and from the filing OF the decla-
ration mentioned in the first section of this act
the stockholders, owners and part owners of said
bank or banking association, who shall have exc
epted such declaration, shall be individually la
Die Tor all the debts, demands and liabilities of
said bank or banking association, as well those
made created or incurred. And in any action
brought against any such bank or banking asso-
bank or banking association it shall be compe-
tent for the party plaintiff to join with such bank
more or all Of the stock holders, owner and I part
owners of such bank or banking association: hose
action 10 recover and have Judgment aud eXecu-
them proUtded. that nothing therein Shall be con.
strued to prevent any action from being main.
bank or banking association against said hank or
banking association alone. or against the said
stockholders, owners or part owners. or either
any of them.
transfer Of the entire stock or interest of ang
Stockholder. owner or part owner in any bank or
of this act. written memorandum of such trans
fer signed and acknowledged in manner aforesaid
esq., may be filed WI tn the treasurer of this state;
and thereupon the individual liability of said ven
dor for the debts demands and liabilities said
bank or banking association which may be create
from and after the filing OF said memorand UNI Of
transfer as aforesaid, snail cease; but in III case
the purchaser OF said stock or interest shall from
the date Of such filing of transfer, become and be
responsible and ind yidualy liable i'll the manner
The debts, demasds ard liabilities of such bank or
banking association MAIDS or incurred after the
date OF tho filing OF such transfer.
Section s. Nothing contained in the foregoing
sections of this act shall be at any time hereafter
SO Construed as TO make its provisions obligatory
for any bank or banking association of this state
filed with the state treasurer Of this state such
deciarationln writing AS Is described in section
Sections 6. This act shall take effect and be In
force from and after is passage and publication
Approved March IL. 1880.
Published March Is, 1857.
CHAPTER 49,
AN ACT to confer certain police power upon
agents of the Wisconsin humane society.
The people of the state of Wis consin represented
in senate and assembly, do enact as follows:
Section l.. Agents of the Wisconsin humane So
clety corporation created under the laws of this
state. who may be appointed for the purpose of
ton or punishment of cruelty. and whose appoint
ment shall be approved by the governor of this
state shall possess, until such approval shall be
revoked, the powers of police officers and of con-
stables in the several cities and counties in which
such agents shall reside Tor the sole purpose of
tive counties: provided that Such agents shall not
re entitled to any ompensation from the state, Or
nom any county, city. town village.
Section =. certificate of such approval signed
by the governor under the seal of the state, Shall
be sufhcIent evidence of the authority of any such
agent until the revocation of such appointment or
Seetiona al magistrates constables and other DO
ee of1cerS Sh@ aid and cooperate the preyen-
or may be punishable under the laws of this state
or nnaer any ordinance or regulation made by au-'
sections. This act shall take effect and be In
Iorce from ana after It's passage and publication.
Approved March ii. lSSu.
Published March Is, 1881
CHAPTER lS6.
AN ACT to provide for the publication of pro-
ceedIngS of county boards of supervisors.
The people of the state of wisconsin represented
in senate and assembly, do enact as follows;
Section l; 1t shall be the duty of the board of
TO provide for the publication of a certified copy
oil nb ITS pG9reedings in one or more newspapeIs
laiion. said publication TO be Completed wit hin
sixty Gays after the adjournment of each and every
SectIon ,. If there be no newspaper published
Shall be the duty Of such board OF snperVisors to
procure such publication in some newspaper pub
are had.
Section 3. This act shall take effect and be In
force from and after its passage and publication.
Approved March II, 1880.