River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1898-11-03

the first Monday Of January. A ID. 1899
A District Attorney in place OF Albert Com
hacker, whose term OF ONCE viii expire on the
first Monday OF January AD 1899 w,
Register OF Deeds in place OF w. w. Wal
sfnRban whose term of ONCE viii expire on
the first Monday Of January, A. d 1899
A County Surveyor in place Of Beidon Eaton,
whose term OF office will expire on the first
Monday OF January A. d. 1899
A Superintendent of Schools In place Of j. F.
Shaw, whose term Of Office will expire on the
first Monday Of January, a. ID 1893
REVISION OF THE BANKING LAW.
Notice IS further given. that at said
general election the following PROPOSE
ton is to be submitted to the people in
303. Of the laws of 1897. which chapter
CHAPTER 803 LAWS 1897
AL Act to revise the laws authorizing
the business of banking.
CHAPTER I.
The people of the state Of Wisconsin,
represented in senate and assembly, do
Banking Department
Section !. There Is hereby established
tp this state a banking department, which
shall have charge Of the execution Of tile
laws relating to banks and the banking
business in this state. Such department
department and shall be under the man
agement and control of a chief officer
who shall be called the bank commits
sioner
Section @ The bank commissioner shall
be appointed by the governor, by and
with the advice and consent of the senate,
and shall hold his office for the term of
five years, unless sooner removed by the
governor, for good cause, and by and
with the consent Of tWO-thirds of the
members Of the senate He may APP
point deputy and revoke such appoint
ment at pleasure. Such deputy ,shaH
possess all powers, and perform the duties
attached to the office of the bank com
missioner during a vacancy in such
office. and during the absence or in
ability Of his nTiuPfnHl The hank
missioner may also employ from time
20 time. such clerks to assist him and
his deputy, in the discharge Of the several
duties imposed upon him by this act, as
he shall find necessary. The salary of
the bank commissioned shaIi De three
thousand dollars per annum. ne salary
OF the deputy and such clerks as may
be employed, shall be at such rate
per unnum as the bank commissioner
shall decide, not, however. to exceed that
of the deputies and clerks OF the several
state departments The salaries of the
bank commissioner. deputy and clerks
shall be paid monthly by the state
treasurer, upon a voucher Countersigned
by the secretary of state. vouchers for
the deputy and clerks salaries must be
first approved by the bank commissioner.
All actual and necessary travelling eX-
penses OF said bank commissioner. deputy
or clerks, incurred IN the discharge of
their duties. shall DO fully itemized upon
proper vouchers and certified in the order
Indicated for the salaries, and presented
to the secretary OF state. II allowed, the
secretary Of state shall COuntersign them.
The state treasurer shall, upon the pre-
6entattOn of vouchers so allowed ana
Countersigned, pay the amount Of such
expense. Within fifteen days from the
notice of their appointment respectively,
the bank commissioner and his deputy
shall take and subscribe the oath of
office prescribed by the constitution. and
file the same in the office OF the secretary
of state. The said bank commissioner
and his deputy shall each give TO the
people of this state bond IN the penal
sum of twenty-five thousand dollars, with
W.
pany, to be approved by the state
treasurer conditioned for the faithful
discharge of the duties of their respec-
tive offices. There shall be assigned to
said bank commissioner suitable rooms
In the state capitol for conducting the
business of said department.
Section 3. The bank commissioner shall
devise a seal for the use of his office.
which shall continue to be the sea! of
said department A description of the
seal with an impression thereof. shall
Be filed In the office OF the secretary Of
Section 4 It shall be the duty of the
bank commissioner. and he shall have the
power by himself. his deputy, or any
examiner he may appoint for that pur-
pose, to examine, ut least once in each
year, the cash. bills. collaterals. securi-
ties books of account, condition and
affairs OF each bank. savings association
eud private bank doing business in this
state. For that purpose he may examine
on oath any of the officers. owners,
agents clerks, customers or depositOrs
thereof, touching the affairs and bust
ness q SNCh r'9 ISL ~ he
examined, any bank when requested by
the poaIu OF IN - tUi > ~ -, j7
oaik CotIut i SON b,,si1ess
WHfSiltL S'iS', tt i,+I IN 10 9rti1Ias Of
az inc Lta(e NSs, ia It - ~ h,1sfIeSs
iliSVi w 30. T.; ~ 49,. ,,r.tsrIIed ~
- totuu'tou az ''i' '''' 49, -
laW. - 80 ,,,,, ;-t,,,,- 5a,,
SeStloh .. ~ oatth y i Ia,llt,
uty or eNaliiIn9. S"i ! @ IL, 49,
IN Whtch ne - Ihttt tSIot ,lS 9N' 49,
officer, employee or ONE w use. NJ pSl'A
commissioner deputy or eNa'i!ItI sualt
examine a oahk IoCHttu IN tHS sl'n ne
village. city or county with any bahk IN
which he ts interested ~ si9Ckh0IuST,
officer, employee or otntrWlsS3- me paLh
commissioner. MS deputy anu tAelS tiel ~
in his department.. ana examiner ShaIt
he bound by oath 70 heep SSSIt3 a" 81
the facts ana intoTtnatl"u ne" ~ ',,e