New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1895-05-22

- <aiy Uduh7 OlSdu1ZSQ aUuuSfs bAO
provisions of this act may, by Its articles
OF incorporation, provide for an increase
OF It's capital from time to time, as may
tst, aesmed ehhpedent subject to the sliml.
capital shall be- valid until the whole
amount OF the Increase proposed is paid
IN cash, and such payment certified under
oath by the president. vice president or
cashier of such bank to the superintendent
OF banks, who shall give his certificate
that the provisions of this section have
been complied with. and specifying therein
the amount of such increase of capital
stock, with his approval thereof, and that
it has been duly paid in as part of the
capital of such bank Any bank formed
under this act may, by majority vote Of
its capital stock, reduce it's capital to any
sum not below the amount required by
banks: but no such reduction shall be-
made until the amount of the proposed re-
duetion has been reported to the superin-
tendent of banks and his approval! III
writing obtained, and no such reduction
shall be construed as affecting the liabii-
lty of shareholders for any debts OF the
bank incurred prior to such reduction.
Sec: 2G. A bank which is in good faith
winding up it's business for the purpose
OF consolidating with some other bank,
may transfer its assets and liabilities to
consultations; but no such consolidation OF
banks Shall be made without the consent
OF the superintendent of banks, and Wnen
made with such consent, it shall not operate
In the collection of their claims against
SAID banks, or either of them.
Sec ~ Any bank organized under the
ton and be closed by a vote of its stock
holders owning more than one-half of its
capital whenever vote is taken to go
into liquidation. it shall be the duty Of
the board of directors to cause notice Of
this fact to be certified. under the seal OF
the bank, by it's president, vice president
or cashier, to the superintendent Of banks.
c,,a Nof fxyt,
to present their claims against the bank
for payment, shall be made once in each
week, for eight successive weeks, In a
newspaper published in the city, village
or county in which the bank is located. or
if no newspaper is there published, then
in a newspaper at the nearest county seat.
Sec rs Whenever of TIA any bank st e1sthg e
authorized to dissolve. and shall have taken
the necessary steps to effect dissolution, It
shall be lawful for a majority Of the a.
in writing of the owners Of two-thirds OF
its capital stock, with the approval of the
superintendent of banks, to execute ar
ticles of Incorporation as provided N thls
act which articles, in addition to the re-
quirements above. shall further set forth
the authority derived from the stockhold.
ers of such dissolved national bank, ana
upon filing the same as herelnbetore pro,
vided for the incorporation of banks, the
same shall become bank under the laws
of this state. Thereupon all assets, rea,
ana personal. OF Salu ulSSOlNeu
bank shall, by act of law, be vested IN
and become the property of such state
bank, subject to ali liabilities, of said ma
tional bank not lquidated under the laws
of the United States before such lncorpora-
ton.
Sec. 90. The powers. privileges. duties
and restrictions conferred and lmposeu
upon any bank existing and doing business
under the laws of this state are herepy
abridged enlarged or modified. as each
particular case may require, to conform TO
the provisions Of this act ana 10 tbor nnIn
But nothing in this act shall be consifneu
TO affect the legality of Investments nf,u
1ofore made, or of TRANSACTIONS heiIsoL'i -,
had nursuant to any provisions OF law IA
force when such Investments were ma o,e
or transactions had. and nothing nersln
contained shall be deemed to, affect inc
rights or remedies OF persons i nn,ed Under
any law of this state ana felli'ih1hs
Sec. so: All acts and parts Of 1aI acts IN
Sec Il This act shall take erect anu
be in force from and after august instvl lrS'
one thousand eight hundred ana hihe's
Approved April Is. 1870
NO. IS. F. NO: 5as
AN ACT to establish municipal courts N ~
Incorporated cities having a nonla hitnnt "A
Ices than five thousand 5.00O) lnhapltant'.
Be it enacted by the Legislature Oh INC
State Of Minnesota: ,,.hod :,
Section l. There is hereby estabhsneu, IN
each Incorporated city IN the stare o. + M,,,
Eve thousand (5.OOOl inhabitants. munlr-
ipal court for the transaction OF an n ~
ness which may lawfully come nelnr ,sn+ II, 30
Sec. . Said court shall be court o,
record and shall have clerk and seal anu
shall have jurisdiction TO hear. try az az
determine civil actions at law wneaG f fLe
hunGred $500 dollars. 1t shall also nave
exclusive jurisdiction to hear all crl1ninHl
complaints and conduct all exanihatiol!:S
and trials in criminal eases arising or VI,
able within such city heretofore cognlZaole
before q Justice Of peace OF de facto lnunic-
ipal court, and its Jurisdiction shai, 20
co-extensive with the limits OF tHe co my,
not have jurisdiction of actions for divorce;
nor of any action when the reliet askeu
for in the complaint is purely e9ultA:pl3,e .n
its nature: nor cases involving the title 70
real estate: nor for false imprisonment
libel, SANDER, malicious prosecution, crlm-
inal conversations or seduction, or upon Il
promise to marry. nor for an action asalhsI
an executor or administrator as such. AMI
when in any cause pending in sald couf!,
q counterclaim in excess or I'VE huhureu
GOO dollars over plaintiff claim, or an
equitable defense or ground for equitable
relief is interposed, or whenever 1t shali
appear from the pleadings or upon the trial
of any cause that the title to real estate ls
involved the said court Shal! Immediately
cause an entry of the facts 10 be made
OF record, and cease all further proceed
ings in the cause, and order the clerk 70
certify and return to the district court or
the county in which such CITY is situated
a transcript of all entries made In the
record relating to the cause, together with
all process and papers relating to tho
cause, and the clerk shall within ten days
after being so ordered make such certificate
and return; and thereuDon such district
court shall proceed in the cause TO final
Judgment and execution, the same as if said
cause had been commenced in said district
court, as near as may be-, and the costs
shall abide the event of the action: pro-
vided, the clerk of said municipal court
shall not make such certificate or return
until the costs chargeable by the clerk shall
have been paid.
city shall. at the general city election to
be held in the year 1886 and at the general
city election every third year thereafter;
elect suitable person to the office of said
called municipal Judge" who Shall hold
his office for a term of three years and un-
til his successor shall be elected and quail
fed. In case of any vacancy in the office
of municipal judge the goveuor of the
State of Minnesota shall appoint some quail
flied person to said office until the next
thirty days after the vacancy shall have
happened, when a judge shall be elected
for full term of three years The gov
ernor of the State Of Minnesota shall. i'm
and the acceptance Of. the provisions Of
the same as hereinafter provided appoint
some suitable person to said office, who
shall hold the same until his successor is
elected and qualified. The Judge Of said
municipal court shall be qualified elector
of said city.
See f. Before entering upon the duties
of his office the judge shall take and sub
scribe an oath as prescribed in the general
statutes for Judicial officers, which oath
shall be filed in the office of city recorder
of said city. He shall have the general
powers of judges of courts of record and
may administer oaths and take and certify
Acknowledgements in ali cases, and con
servator of the peace shall have all power
and authority which is by law vested in
justices of the peace, Or any other judicial
officer. in case of sickness or other cause
requiring his absence, he may procure any
competent and diSintrreSted attorney in the