Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-10-06

Section 8. All proceedings by any bank
to enJo1n the bank commissioner in the dis
charge of his duties, shall be had in the
county where said bank is located, or in
the supreme court of this state. All suits
and proceedings arising out of the pro.
visions OF this act, in which the state, Or
any OF It's officers or agents, shall be par
ties, shall be conducted under the direc-
ton and supervision of the attorney-gen-
eral.
Section 10. Copies of all records and pa
pers in the Office Of the bank commissioner,
certified by him. and authenticated by his
seal Of office, shall be evidence in all cases,
equally and of like effect as the original.
Section II. During the month of Deem
Der of each year, the bank commissioner
ernor of the state, which report shall be
published and shall exhibit the condition
of the various banks of this state, IS of the
day of the last report made to the bank
commissioner by such banks; and such re-
port shall contain a statement of the con-
dition Of every bank from which reports
have been received, with an abstract OF
the whole amount of capital returned by
theln the whole amount of their liabilities,
the total amount of resources, and specl-
flying the amount Of lawful money held by
banks at the time of their several returns,
End shall give tabulated statement OF the
resources and liabilities of each bank, and
such other information as in his Judgment
may be required. Such report shall also
contain a statement Of the banks whose
business has been closed during the year,
the amount Of their resources and Habill-
ties, and the amount paid to the creditors
thereof; also a statement of any banks or
gained during the year; and shall also
give a list Of the stockholders their resi-
dence and the amount of stock held by
each, and the names Of the directors and
officers OF each bank. He shall also report
the names and compensation Of the clerks
employed by. him, and the whole amount
of the expense of the banking department
during the year preceding.
CHAPTER r..
BANKS.
Section 1. Any number Of adult residents
OF Wisconsin, not less than three, may as
sociate to establish a bank under this act,
upon the terms and conditions and subject
to the Liabilities prescribed III TINS act. L4l9 :
any bank snail! not pc less w Ten ttlou-
SAND aolarS, IN VlllaSeS OF Clues nay 4i5
less than two thousand llhaplLanl5, alld
shall not be less than twenty thousand dol
lars, in villages OR cities having more than
two thousand and less than six thousand
inhabiranfs: and shall not be less than fifty
thousand dollars in any village or city hstT-
ing more than six THOUSAND lnhabltStI1sS.
accofalhS 10 the last o4ilclal CENSUS.
Section Z. me persons so &ssocIatlhS
snail make, sign ana ackhoWleGSe N1llteIi
articles of incorporation containing:
First. a declaration that they associate
for the plIrDose of forming q Banking cor
poration under this act.
Second. The name Of such bank. Such
name shall be in no material respect SINH
lar to the name of any other bank in the
same county whether such other bank be
oTaanized Under this act or under the laws
of the United States
Irbird rrhn village or CITY and county
,,-57ara c,7ch hanL is IN ha located
1i,olIrf11 Thn anoTnt of capital stock
which shall he divided into shares of not
less than fifty nor more than one hundred
dollars each.
is ORGANIZE not exceeding fifty years.
Section g. Such articles of incorporation
baii 10 1acorded in the Office of the regis
3 fnr Of deeds in the county in which the
hank is located. one shall be filed in the
ofEa - If tbe ha'n1S commissioners and one
sbaIi ba fled in the office Of the secretary
of stafe
seetion a rTnon making and filing of the
s4iCtlol1 ~ Observation-Disclosures the bank shall
aftlclsS u 49, ondas such shall
pecoilg q f 62ity pOl nue,e:
First 10 make all contracts necessary
Gi.o - ;ts b37einees
Second 1Tn size and be sued, to appear
and defend n all actions and proceedings
Third 10 have a common seal and alter
the same at pleasure
Fourth. To elect or appoint all necessary
G,1ties and obligations, fix their compensa-
tion dismiss them, fill vacancies and re-
o11ire bonds.
Fifth. 70 make, amend and rfpea pee *,
iF ~. tic srticles of organization, for its
law, % oovernnent for the orderly conduct
o oe re effairs and the management of it's
VI NE fo, determining the manner of
eng a ana eond az g its 5a m oar a ths
s11nh others as shall be necessary or con-
yenient for the accomplishment of its pur-
Sixth. To exercise, by its directors. duly
nowers as shall be necessary to carry on
the business of banking. by buying, DIS
counting and 9a of foreg
md do,nestlc. and other evidences of debt;
by RECEIVING commercial and savings de-
nosits under such regulations as it may es,
absh by buying ~ Sgg ana s and selng a
change. foreign and domestic; issuing let
ters Of credit and by oaning gov money gar On
personal or real security as PROVIDED ASle
matter. NJ honk shall transact any