Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1880-04-08

corporations shall be filed for record IN the
Office of the secretary of state, before any
such consolidation shall have any validity or
effect. Any railroad corporation whose line
ia wholly within this state, may lease or pur-
chase the railroad, franchises, immunities and
all other property and appurtenances thereof,
Of any other railroad corporation when their
respective railroads can be lawfully connect
ed and operated together to constitute one
continuous main line, with or without branch
es. But 40 railroad corporation shall con,
solidate with or lease or purchase or in any
way become owner of or control any other
railroad corporation, or any stock, franchises,
rights or property thereof which owns or con-
trolls parallel or competing line to be deter.
mined by jury.
be in force from and after its passage and
publication.
Approved March 10, 1880.
Published March is. 1897
CHAPTER 232.
AN ACT to repeal section one thousand
eight hundred and eixteen of chapter
eighty-seven of the revised statutes of
1878, entitled s'of railroads"
The people of the state of Wisconsin, repre>
sented in senate and assembly, do enact as
follows:
Section |. Section one thousand eight
hundred and sixteen Of chapter eighty. seven
OF the revised statutes Of 1878. entitled "of
railroads." is hereby repealed : propided, hoac-
ever, that this act shall not be so construed
as to affect in any wise whatever any cause
or right OF action which shall have accrued
under said section one thousand eight hun
dred and sixteen prior to the passage hereof,
It being the intention of this proviso, to save
fully all such causes and rights of &C ion and
that all such actions shall proceed to judg-
ment, the same in all respects, as if this act
had not been passed
Section 2. This act shall take effect and
be IN force from and after its passage and
publication.
Approved March Is, 1880.
Published March is, 1880
CHAPTER 22s.
AN ACT to provide for the individual liabil>
ity Of stockholders in banks and banking
associations
The people of the State OF Wisconsin rep
resented in senate and assembly, do enact
as follows
Section /. The stockholders, owners and
part owners of any bank or banking assoca-
ton organized, or hereafter to be organized,
act TO authorize the business of banking" ap>
proved April 10, 1852, and of the acts amend
atory thereof, may file with the state treasur
er of this state a declaration in writing signed
by each and all of the stockholders, owners
and part owners OF said bank or banking as
ISOLATION, and by them duly acknowledged
before some ficer authorized by law to take
Acknowledgements of deeds, consenting and
agreeing to hold themselves individually re
sponsible for all the debts. demands and La
bilities of said bank or banking association
Section 2. Upon delivery of such decla.
ration duly executed and acknowledged in
manner aforesaid, to the state treasurer, said
treasurer shall file and slfely keep the same
IN his Office; and upon application by any
person or persons, and upon payment to him
OF fee OF two dollars therefor. the state
treasurer shall make, certify and deliver to
such person or persons q copy of said decla-
ration and such copy. when duly certified
by the state treasurer, shall be received in
evidence in all courts in this state, and shal
have the same effect as the original decara-
ton would have if produced in evidence and
duly proved.
Section 3. On and from the filing Of the
declaration mentioned in the first section Of
this act, the stockholders, owners and part
owners of said bank or banking association,
who shall have executed such declaration,
shall be individually liable for all the debts,
demands and liabilities of said bank or bank
ing association, as well those then existing
and unpaid as those thereafter to be made,
created or incurred. And in any action
brought against any such bank or banking
association for any debt, demand or liability
OF such bank or banking association, il shall
be competent for the party plaintiff to join
with such bank or banking association, de-
PENDANT, any one,or more, or all of the stock
holders, owners, and part owners of such
bank or banking association, whose names
are attached to such declaration, and in such
action to recover and have Judgment and ex-
ecution against the defendants, or either, or
any of them: provided, that nothing herein
shall be construed to prevent any action from
being mainrsined for any debt demand or
liability of such bank or banking association
against said bank or banking association
alone, or against the said stockholders, own
ere, or part owners, or cither,or any of them
Section 4. In case of the bona fds sale
and transfer of the entire stock or interest of
any stakeholder, owner or part owner in any
bank or banking association mentioned in the
hrst section OF this act, written memoran-
dunn of such transfer, signed and acknowl-
edged in manner aforesaid, by the vendor
and purchaser of said stock or interest, may
be filed with the treasurer of this state; and
thereupon the individual liability of said ven
dor for the debts, demands and liabilities of
said bank or banking association which may
be created or incurred after the expiration
OF six months from and after the filing of said
memorandum of transfer as aforesaid shall
cease; but in such case the purchaser of said
stock or interest shall, from the date of such
filing OF transfer, become and be responsible
and individually liable in the manner proyid>
ed in the third section Of this act, for all the
debts, demands and liabilities of such bank
or banking association made or incurred after
the date of the filing of such transfer
Section 5. Nothing contained in the fore
going sections of this act shall be at any time
hereafter so construed as to make its provis-
ions obligatory for any bank or banking asso.
cat.on of this state which has not voluntari-
ly ard By its own option filed with the state
treasurer of this state such declaration in
writing as is described in section one of this
act.
Section 6. This act shall take effect and
be in force from and after its passage and
publication.
Approved March Is. 1880.
Published March IS. 1851
CHAPTER 22l.
AN ACT to amend section one thousand eight
hundred and sixty.three of the revised
statutes, and to authorize the LAYING of
street railways or tramways in villages and
towns.
The people Of tbe state of Wisconsin, repre-
sented in senate and assembly, do enact as
follows:
Section /. Section one thousand eight
hundred and sixty>three of the revised stat
utes is hereby so amended as to read as fol-
lows: Section 1868. Any such orporatiou
may extend its railways to any points within
any town adjoining such municipal corpora.
iion, and for such purpose may, with the
written consent Of a majority of the supervi-
sors OF such town, lay and operate its railway
upon. across or along any highway. bit not
so as to obstruct the common public travel
thereon. Corporations may be formed and
governed in like manner for the purpose of