Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1898-11-03

- ~
ueata W the trustee. the same or auy part there.
ct, and ANY interest due thereon, MAY ~ pSia to
the person tNr whom the said deINSlt was made.
SttrloN 81 Ali real estate owned hy any hank
shall hc tANed the same as othcr real estate in
the town, vl'lACc or city where such rcal estate
Is SttnSte,t, The capital, surplus and undivided
profits ~ 4 bank shall not hc taxed, but the
shateS ~ SaNuAl stock shall he taxed to the
shaThHiHCr> vt such stock wheM the bank il
located The value OF the Shaprs "a be dcter-
m'nen the Same prNpnrttonSllN as that of other
property, after de2ucttNH thetNfrNm the real
estate owaNd by the bank, The tax Of any share
hoider ne, N'S,dius in the taxing district az the
oShS, u nnpAm AZ the time for returning the
unpaid tax list ~ the county may I've raid hy
tho hanA 3Hd such payment shall constitute Q
nrst iien anon tho shares So taxed, Any hank
may pay the taxes upNn all OF the shares Of its
SHAREHOLDERS, and deduct such tax from IL
earnings
ssorIoS ~ Legal process against any hank
may be served upon any officer Nf said bank in
the county wherc its business office is located,
SECTION ~, In the eyeut that the cnnSress OF
the United States shall ereafter prNVide fNr the
establishment OF circulation by banks organlsed
under state laws, any bank orEan,Eed or doing
business under this act, shall have the power To
issue circulating notes cr currCucN, IN accord
ance with amy such act VI couEre>s, aud shall
OF any SENh act OF conSreSS, Tho provisions ot
this section shalt not ~ construed To- permit
any savings association, or ruNatr bank or
banker, or any loan or trust cnmnauN, ar any
other corporation, to issue circulating notes
SECTION a. The provisions vi this act shall
apply to- and covcrn, al hanks orrauiscd aud
now existing within this state, and the powers
priyilcceS. duties aud restrictions conferred aud
imposed upon any bank, existing aud doing
business under the laws of this state, are hctchS
abridged enlarged, or modified rs each parItc,
ular case may require, to conform to the pro-
visions OF this act. Nothing in this act shah
be construed To affect the legality of invest.
ments heretofore made, or to transactions hnre'
tofore had, pursuant to any provision, Of law
a
transaction had. All banks now existing and
doing business within this state shall, on er
before the first day Of july next following tho
time when this act becomes operative, alter or
amend its articles of organization, Il necessary.
TO comply with the provisions of this act, and
snail 10y Sald tino make its business conform III
all respects to tho requirements of this act, cx
cept where such requirement. iSrNprcssll waived
herein.
CHAPTER III,
rRlNArE RANKS
SECrIoN l. Every person, co,partncrSh,p ot
corporation doing business IN his state or tina,
may hereafter ho doiug business III this state
which shall advertise a. a hank or n doing II
banking business, either Nv SirnS circulars,
letter heads ar printed matter "t any doscnr,
ton; or any such person. 60 .,,altnrrship or COZ.
poration, who shall receive money or funds for
deposit or safe keeping as n regular business, Ut
who shall buy or sell oNchauge As a rcgular hust.
ness, shall he deemed to bc doing u banking
business, and shall bo known AS II private bank,
and as such shall DO subject to the I,ovisiou~
of this act SO far rs tho same shall hc apple.
able. Aud every such person, c"'partnorShip or
corporation shall make reports and bC subject
to examination, the Same as banks nndcr thl-
act And every such person, co'pHrlnorship al
corporation shall maintain the reserve required
OF any bank under similar condition, and shall
keep separate set ot books 81 account rrlatluv
to such banking business, aud ne entries shali
be made upon said books relating 60 ANY 0thrr
class of business. such set of books stall he
subject AT all times ia examinNiiun by the Bunk
lnntAlninI
by him. Upon the refusal OF any such person,
:o'partnershlp or corporation To keep the re-
serve required under this net, ar upon the re-.
fusal to keep tho separate books of account as
required hereunder, or upon the refusal to
make the reports required ny this act, or upon
the refusal to submit tho books Vt account,
papers, securities and cash to tho examination
herein required, shalt forfeit not less than
twenty five dollars and not more than ono hun.
ired dollars for each day Of any such refusal.
The banking business ofauy person, 60 partner.
tations, powers and regulations of this act, in
SO far as the same may be applicable.
CHAPTER Nv.
SAVINGS ASSOCIATIONS.
SEcTIoNl. Any number OF persons, not less
than twenty, nor more than fifty, may unite for
the purpose of organizing an association 10
receive on deposit the savings Of laborers, mo
chanics, farmers, servants minors and othcrs !:
and to loan the sRme for the benefit of such
depositors thrcafourth 81 such number Of
~ W." w WV I'' nv, ,oH',' >" '''o N'"''y
"ii"re tne pIoi'oSeu association v 10 10 locateu
SECTION 2. Every such association may. nj
any annual meeting, 10y majority OF at least
two-t birds of those pre- sent, elect by ballot any
cltlzeh OF lle county wherein VI" association u
Ioca'en, or Oh any ADJOINING county 70 De =
ne'hoer 'hereol, any i'ehloer lH'llhR 10 h'teh"
'he annual iher'lhs ior TWO successive years,
Nuch hohai,ellhhhcn may ne deem'h can,valent
W IoslRnation anu nhS pace may dc hileu W
III" hsnai manner Inc hSs"rlatlon may MI
vacancies hnn MOO 10 tn'ii hhhoer from liie
U" tlnle, as tiieN, may osslr"'
oE' 'hnN >. ih"F sha'l max s'Eu anu ac'
hh"W'"nR' ~ l'lpuchte' y certll'hte ~ Wri,ih9'
IN Whicli t,'al' ne stated the name ~ snch rs
S"'lhli"h' nc MINES Oh the coIl9rhtors, WIN the
.'sl''hcr OF oa.llt we nahe o' 'he ciy. Nilage
'WI''l nh - 10 pe cnilhucteh' one cetiinca,c
N'oil ne hl'i ~ 'ie ounce OF 'he lcRts'srol deous
col IN" county "a "hlch the bnslh'ss ni ,he asSo
clhl"'h u 70 pc raFrlrn on, one NhhIl ne do-
l"'-I"' ~ 'iie ounce Oh w" Sec,"aTN Oh s,hiS'
ah' on" shai' D. h'p"Slteh III VI" ounce Oh tile
h"nh c"hlmttSl"1nt
9h' ION H'cn corporation NhAlI nav" ~"
ln'"'' !" rnac' ol,i'"s' not lhc,,hslH'nh, WIN
W" Jaws I" this stare or al ne thitrh states,
I"t '"" SoNelhhtnl ~ us hnaifS' ahh sucn bI
Ia" "aN h,',cflhe we cnnhit'phs ON whlc,i hH
i,aNnentS nl 'Hci' DEPOSITS shsll be maze 10 !he
nrp"- ''4rI ~ >u'h INSTITUTION hhh me drpo1l
!oiH Nn,il We on'h' ~ "" rcHnihtions 9n1c'"n
IN sue" w la"N, "hici OCCUPATIONS ShHli ne
ptib'r" dhn e"''HPFHohSIS poster ~ the ounce
:" s"r, c"Pr"ion, so ~ 70 DC Vrioie hhh NC
ceo-'pe 10 All iersohs visiting inc ousiness "i
nee ul ,le dNNoanhtloh
SECTION me corpora'ois nhnIi AZ th"it
nIa "nnha' n,or,'nE, "iect py paiio. rpm ,neIi