River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1882-03-23
LAWS OF WISCONSIN.
Published February II, 1882. ]
CJJAp'rER IN

l Nxe Superior RhliWdy anu 70 otS-
grant of lands upon the Chicago ST. Paul. Minneap-
| olis & Omaha Railway Company.
The people of the Wisconsin, represented In
| ate and assembly do enact as follows:
seetion1. The grant Of lands made to the Chicago
& Northern Pacific Air Line Railway Company (now
lie Chicago. Portage and Superior Railway Company.
by section Of chapter lH of the laws OF Wisconsin
lands upon the North Wisconsin Railway Company,
and the Chicago and Northern Pacific Air Line Rail-
the state Wisconsin by acceptance Of the grants
aS ss ey ae ans
and said lands hereby resumed by the state OF Wis
secsions. There is hereby granted to the Chicago.
| 81; Paul Minneapolis and Omaha Railway Company
consn row has may hereafter acquire in and to the
lands granted TO said state by acts Of congress approx
Jon OF railroad nom the saint croix river lake
the west end of Lake Superior and Bayfield, which are
ton Of that PORTION e Of said raoad from The Saint
Crox river lake to the west end Of Lake Superior
last named railroad BY the Bay acid branch as fxed BY
on he s land one ONCE II washington and The
west end Of Lake Superior This grant Is upon ne ex-
| apolis and Omaha Railway Company shall continu.
| ously proceed with the construction OF the railroad
ersn and the west en Of Lake and shall
complete the same SO as to admit OF the running Of
| 4. D. 1857
section s. The goveroner Is hereby authorized and
directed upon the presentation TO him of satisfactory
proof of the compilation by said Chicago, St Pau,
twenty miles Of said railroad RON said point Of inter.
section toward the west end of Lake Superior In necor
and deliver or cause to be issued and delivered said
| company patents for all lands applicable under said
road and thereafter upon the completion by said com.
| pany Of any twenty continuous miles Of Its said
railroad he shall issue and deliver cause to be Is
sued and delivered patents for all of said lands so
psabIe 70 such twenty miles Of completed ra,ir,oad
and deliver cause TO be issued and delivered, patents
for the residue of the lands SO hereby granted.
| 4 sal Chicago PAM. MINNEAPOLIS
and Omaha Railway Company shall within three days
aa hs ae mi " %
after In this act provided the sum OF seventy-eight
nor shall require to fify indemnify and save harmless
the state against all liability and expenses incurred in
the purpose; and shall, within thirty days from and
resolution, certified by the president and secre
under Us SEAL TO have been duly adopted
terms and conditions herein contaned and shall with
si for h ns COMPILATION Of sad road
said point of intersection and said west end OF Lake
with this act shall be required by the governor and
upon failure of said company TO deposit said money
the time herelnbeore limited. this act shall be Of no
| force or effect whatever.
Section g. shall be the duty the governor to ap-
point immediately upon the paymentto him of the
money in the preceding section mentioned some suita-
bic person. who shall forthwith investigate and ascer-
tain the amounts honestly and actually due. and TO
whom due for labor and supplies done and furnished
other work done by under auspices OF said Chi
Prass and sspeor Railway s, Company Be ss
Superior and 50 much OF said sum so TO be 70 the
sot Exceeding. however in ali thousand
dollars shall be disbursed under the direction of the
said agent or otherwise, Is he may be best advised in
the payment and settlement Of said claims In dis
shall be frst paid and the amennt which shall remains
any after payment of said claims Of iaborers shall
be applied to the payment of bona hde claims OF sub
contractors material and supply in full, IL
sufficient remains therefor otherwise shall be divided
seem the governor and his said agent Just IN the
premises All claims 50 to be paid out OF said nd
ninety days aer the passage Of this act the same
vided however, that In shall the assignee of
any labor claim hereinbefore mentioned be entitled
the governor and his agent shall be satisfied
tuay paid by said assignee for the claim go assigned
ascertaining the amounts due to subcontractors as
aforesaid no claims for profits earned or prospective
and provided further, that nothing in this act
or the Of said money e the as
by the said Chicago. St. Paul and Omahs railway com
Chicago Portage and superior railway company
any person persons, corporation or corporations
paid 10 the governor as Aforesaid shall not while in
his hands, be liable to garnishment attachment or
Section Q. The governor shall pay out OF the mon
eysso TO be paid to him In excess OF said
said agent and shall reimburse the state
incurred In the premises and if after payment Of said
claims herein provided, and after payment of said
expenses, there shall remain any surplus he shall pay
the to the said Chicago. St. Paul, Mnneapo-
lis d Omaha Railway Company.
section T. Sections 8. and 10 Of said chapter f2e Of
manner contravening conflicting with the provisions
of this act are hereby repealed
Section g. This act shall take effect and be In force
from and after its passage and publication.
Approved February 10, 1851
1 Published January 27. 1891
CHAPTER J.
An ACT TO amend sections a0o. so1 ma 2ol2 OF ths
revised statutes, relating TO mutual loan and tud.
ing societies.
The people of The state of Wisconsin. represented In
senate and assembly, do enact ms follows:
Se-tIon ]. Section 1910 of the revised statutes ID
hereby amended by inserting after the word Off IN
the third line of said section The words: Not less Than
read as follows: Section 2oI0 The eapisa stock Of
any such corporation shall not exceed i've hundred
not less than twenty-five nor more than two hundred
ossea have soe ess
the sum Of FIVE hundred thousand dollars, It mny in
hundred and seventy-four. increase It's capital
toGk 10 any anG AMT @ exceeding ihs
rropsns snes increase must be oeea
The regular meeting next preceding the meeting al
such stock shall be made in nstaimens not exceed.
ing Two dollars each on each share at such time and
Of stock shall be subject to lien for the unpaid in
bylaws shall prescribe the form and manner Of en-.
forcing such lien. The stock may be issued In one OF
directors the stockholders may determine, and new
shares of stock may be issued in lieu Of shares with
draw from the corporation may do by giving thirty
days, notice of such intention, and shall then be en-.
proportion Or the profits as Tie laws may pescTbs
all es and oher charges due , such
security shah be allowed TO withdraw; and at time
treasury be applicable to the demands Of withdrawing
stockholders without the consent of the board of d.
represenstIves shall be entitled to receive the Hill
amount paid in by him and legal interest thereon first
fines shall be charged to deceased members ac.
count after his decease unless his legal
Section Section oi Of the revised statutes s IS here.
by amended SO as 70 read as follows 1he bylaws Of
every such corporation shall provide for the ratio and
manner OF voting by its members, and fix the time OF
holding periodical meetings at which the money in the
the stockholders who shall bid the highest premium
share 81 he by sf him.
but not exceeding the then in the and Of
upon property situated in the County where such cory
poration located, such other ample security the
the loan provided that stockSoider may Borrow suci,
fractional part Of the full amount Of share as the by
laws may prescribe In the borrower shall neg
ect to offer security shall offer security that is not
prescribed by the bylaws he shall charged with one
months interest," together with any expense incurred,
meeting The premium bid by borrower may be BY
! certain sum or percentage on the loan, to he
| certain periodical payments during the ex stence
sch loan, as the bylaws may prescribe In OF
the OF instalments shares interest or
premium by borrowing stockholders for the space OF
six months after due, payment of the whole principal
and interest, without deduction OF any premium paid,
or interest thereon may be enforced by proceedings
OH their securities accor ing to law.
Section Section 20l2 of the revised statutes is here
by amended by inserting after the word SHALL where
1t occurs In the third line of said section the words u
all cases where such premium deducted from the
loan in advance" that said section shall read fol-
lows: Section 20f2. borrower may repay loan nj
any tme and In case OF repayment thereof before the
expirat ion of the term for which the loan made.
there shall In all cases where such premium de-
Quoted from the loan in advance be refunded 10 such
borrower such proportion OF the premium paid as the
part Of the term unexpred bears to the whole term OF
the ioan and when a loan Is collected by process Of
law and the amount collected by the corporation
ceeds the amount OF the loan taken by the borrower
with the interest and charges the shall be
loaned at the next periodical meeting and the
recovered beyond the amount required to pay the loa
with interest and charges shall be returned 70 the bor
rover from whom the money collected his legal
representatives but In the corporation shall have
issued Its stock IN SERIES such reloan shall be made
only TO stockholders of the same series and IL the
premium received for the reloan shall be greater
Than that originally given by the defautng borrower
part OF such excess OF premium shall be paid to him.
Any defautng borrower may at any time after the
curities given by him have been collected by such
poration, withdraw his stock upon the same terms pre-
| srrfhed section thousand and frr. Int the