Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1898-09-15
CHAPTER BOB. LAWS 1897.

a. ipHoWs:
CHAPTER BOB. LAWS 1897.
An Act 10 revise the laws authorizing the
business Of banking.
The people of HE state of Wisconsin, repre-
scntvd In senate and assembly, do
enact rs follows:
CHAPTER |.
BANNING DEPARTMENT.
Section /. There Is hereby established In
this state banking department, which
shall have charge of the execution Of the
laws relating to banks and the banking
business IN this state Such department
shall be Designated as the state banking
department and shall he under the man
agement and control Of a chief officer, who
shall be called the bank commissioner.
Section 2 The bank commissioner shall
be appointed by the governor, by and with
the adyic" and consent of the senate, and
shall hold his Office for the term of five
ernor for good cause, and 10y ana with the
consent Of two-thirds of the members of
the senate. lie may appoint deputy. and
revoke such appointment al pleasure.
Such deputy shall possess an powers, ana
perform the duties attached 90 the office
Of the bank commissioner during a va
cancy IN such office, and during the alb
seuCe or inability Of his principal. The
bank commissioner may also employ from
time 10 time, such clerks TO assist him and
his deputy in the discharge of the several
he shall md necessary The salary OF the
bank commissioner shall hc three thousand
dollars per anuum The salary OF the dep
uty and such clerks as may bc employed,
shall be at such a rate per annum as the
bank commissioner shall decide, not, how
ever to exceed that Of the deputies ana
clerks of the several state departments,
The salaries of the bank commissioner, dep
uty md clerks shall bee paid monthly by
the state treasurer, upon a voucher cOuu-
tersiEncd 10y he secretary Of state, Nouch-
srs Tor the deputy and clerks salaries
must be first approved by the bank COM
missioner, All actual and necessary trav-
cling expenses of said bank commissioner.
deputy Ur clerks, Incurred In the discharge
OF their duties. shall be fully itemlzCd upon
proper vouchers and certified ia the order
Indicated Tor the salaries and presented TO
tho secretary of state II allowed, the sec
rettry of state shall cOuutersign them. Tho
state treasurer shall upon the presenta-
ton Of vouchers so allowed and counter
signed, pay the amount Of such expense.
within fifteen days from the notice OF their
appointment respectively, the bank com
missioner and his deputy shall take ana
subscribe the oath Of Office prescribed by
the constitution. ana Tile The same I'm the OF
fee OF the secretary 81 state. The SAID
bank commissioner and his deputy shall
each give 10 the people Of this state bond
In the penal sum of twenty-five thousand
dollars. with two or more sureties or
surety company, 20 be approved by the
state treasurer conditioned for the faith
ful discharge OF the duties Of their respect
I've offices There shall hr assigned TO said
bank commissioner suitable rooms In tho
state capitol for conducting the business or
said department.,
Section g. The bank commissioner shall
devise a seal for the use of his office, which
shall continue tp DE the seal of said dr.
partmeut A description or the seal with
am impression thereof, shall Doe filed In the
office Of the secretary of state,
section g. II shall be the duty Of the
bank commissioners, and he shall have the