River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1898-09-29

y a. }.
A District Attorney in place Of Albert Com
hacker, whose term Of Office will expire on the
first Monday Of January. AID 1893.
A Register Of Deeds In place OF w w. Wal
singham whose term OF office will expire on
the first Monday Of January, a. d. 1899.
A County Surveyor in place Of Bcldon Eaton,
whose term OF office VIII expire on the first
Monday OF January, A. d. 1879.
Superintendent OF Schools In place OF J. +.
shaw, whose term OF Office Will expire on the
hTst Monday OF January, A. u. 1899
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
pursuance Of the requirements Of Chapter
1903, of the laws Of 1887, which chapter
reads as follows:
CHAPTER 3o3., LAWS 1897
An Act to revise the laws authorizing
the business Of banking.
CHAPTER ].
The people Of the state of Wisconsin,
represented in senate and assembly, do
enact as follows:
Banking Department.
Section l. There is hereby established
I'm this state "A banking department, which
ehall have charge of the execution of the
laws relating 10 banks and the banking
business in this state. Such department
shall be designated as the state banking
department and SHAH be under the man
agement and control of a chief officer.
who shall be called the bank commits
sioner.
=. commissioner Sndll
be appointed by the governor. by and
with the advice ana 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. lie may APP
point deputy, and revoke such appoint
ment at pleasure. such deputy shall
possess all powers. and perform the duties
attached to the Office of the bank com
missioner during vacancy in such
n
ability of his principal The bank com
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 commissioner shall be three
thousand dollars per annum. The salary
OF the deputy and such CLERKS as may
be employed shall be at such rate
per annum as the bank commissioner
shall decide, not, however, to exceed that
of the deputies ana 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 eN-
pensCS of said bank commissioner, deputy
or clerks incurred In the discharge Of
their duties. shall be fully itemized upon
proper vouchers and certified in the order
Indicated for the salaries. and presented
secretary of state shall Couutersign them.
The state treasurer shall. upon the pre-
6entatiOn Of vouchers so allowed and
COuntCTSiEned. 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
- M n
sum Of twenty-five thousand dollars, with
two or more sureties, or surety com
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 seal Of
said department description of the
seal with an impression thereof. shall
be filed In the office OF the secretary OF
Section 4 1t shall be the duty of the
bank commissioner and he shall have the
power by himself. hts deputy or any
examiner he may appoint for that pur-
pose, to examine. at least once In each
year, the cash bills, collaterals. securi-
Ties books of account. condition and
sffairs of eqrh bank savings association
and private bank doing business in this
state. For that purpose ne may examine
on oath any OF the oHlcerS. owners.
agents, clerks, customers or depoSltors
thereof, touching the aifairs and bust
ness OF such institution. ne Dunk com
missioner Shall eNaihlhff, or CauSs 20 i pc
SNamlhtI' any na JAIN. VIZ teI I 10 IT, W
the bo3rd OF dIrsctoFs ot sui oahN. : IL T.,
h4nk conIniSSlonIt Sii,, 4tsu "Svsi :. y.
whether SuCil pIitN = ~ ~ 49, :
~ inc pl!Is ucslS 'aost ~ .''f ~ LJ
incofporalGh; anu WhttIlgi " uus'i'T ~
Is conducted IN the manner piesGIlpeu ny
SECTION ;. No bank commissioner. dep
uty or examiner shall examine P3hk
I'm which he Is interested az s'"GKh9lueT,
officer employee or otHrrWlSt- ~, 40 nS'nn
commissioner utPGtN or al '. Ne Siai.
examine = bshk I.vaITW N w ~
NlilaFe' Guy oI tvuliLH "tttl az ,tl'N -
when ne + nv, - u ~ 7'yr
officer employ ST ~ H,u,i ,7I , lie
CommlSslouet. ms 4eIius = ailI JnC.S ~ ~ n n
IA ms department. any tNt'i,,i'' IL" q :
be hound hy oatn !" hgep $500 81 ~ ~
the facts ana ihtoIutitl0il uHl"I'S" ~, 'lle
course Of suCh eNalhlhdti"uSi tNytpt SO
far as the pubic dutN g. Sl,'n Gu'Ctr te