Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-09-15
stock. No Dividend shall be.
fore the capital stock Is fully

ulOuSSS, LUNGS. GREATS, or pr Is
bank or savings association,
ed by Il or held in trust, or
athority of the directors, Iss
forth any certificate Of deposi
order AZ bill OF exchange, mi
ceptanct, assigns any note,
bill Of exchange, mortgage,
decree; or who makes any i'll
any book, report or statement
with intent il either case 10
fraud the bank or savings an
any person or corporation, oy8
any officer OF the bank or saw
ton, or any agent appointed n,
the affairs of such bank or soYs 81
ton; or any person who, Wits II
aids or abetS any officer, clerl5
the violation of this section. ESE
ton thereof, shall be ilnpriS
state prison not to exceed tWyA
Section 81. If the board OF H
a quorum thereof, Of any banked
ingly violate, or knowingly pe
the officers, agents or empi{
bank, TO violate any Of the. I
this act; and after , warming
bank commissioner shall fail t9sI
any loss or damage resulting
acts, or continue such c0hGuS
constitute q ground for the ia
the charter of such bank. 1t gH
duty OF the bank commissioning II
consent of the attorney-ge nel1 u
tute proceedings to enforce Suct e
and to secure a dissolution ang
UP Of the affairs Of such bank. 81
Section So. The stockholders
bank shall be individually lasN
and ratably, not one fer anoth
benefit of the depoSitorS in SalSI
the amount of their stock at IN
thereof, in addition to the amou9
IN said stock, But persons HOY
as executors, administrators, Sid
trustees, and persons holding SCI
lateral security, shall not be peril
bic as stockholders, but thetl
funds in thei" hands constituting
shall be liable TO the same eXVl
'teS;ator, intestate, ward or peu
eSted in such trust fund WOulJ8
ing, or competent to act. and Si
ple1giGg such stock shall be 81
stakeholder and liable under ttE
Such liability shall continue for q
after any transfer of stock. i
Section So. Whenever any desl
be made in any bank hy and IL
of any minor or female. being org
becoming a married woman, the b
be held for the exclusive right q
of such minor or female, and
the control or lien Of all persoI&
ever, except creditors, ana Shak
with any interest due thereon, q
son In whose name the deposit
been made, and the receipt OF ss
or female shall be sufficient
discharge for such deposit TO 4
Whenever any deposit shalt he
any person IN trust for an0thers
other or further notice of the exiS
terms of a legal and valid trust
been given in writing to such bas
event of the death of the trustee
or any part thereof. and any inE
thereon, may be paid to the d
whom the said deposit was mad
Section 81. All real estate ownl
bank shall be taxed the same as
estate in the town, village or 81
such real estate IS situated. Ti1d
surplus and undivided profits 81
shall not be taxed, but the share
tai stock shall be taxed to the
ers Of such stock where the bank
The value of the shares to be d
the same proprtiOnately as that
property, after deducting there
real estate owned by the bank. I
any shareholder not residing in t
district of the bank, if unpaid at
for returning the unpaid tax Il
county, may be paid by the bank,
payment shall constitute a first
the shares so taxed. ANY bank
the taxes upon all Of the share
shareholders, and deduct such ta2
earnings.
Section SO. Legal process -ag;
bank may be served upon any
said bank in the county where its
office is located.
Section SO. In the event that
gress Of the United States shall
provide for the establishment of c
by banks organized under state
bank organized or doing busint
this act, shall have the power to
culating notes OF currency, in a.
with any such act Of congress,
have the power to avail itself of
visions of any such act of congl
provisions of this section shall no
strued to permit any savings as
or priva e bank or banker, or an
trust company, or any other CO
to issue circulating notes.
Section 40. The provisions of
shall apply to, and goven, all ban
lied and now existing within t
and the powers, privileges, duties
strictions conferred and imposed
bank, existing and doing busine
the laws of this state, are hereby
enlarged, or modified as each
case may require, to conform to
visions Of this act. Nothing in
shall be construed to affect the i
investments heretofore made, or to
lions heretofore had, pursuant to
visions Of law in force when sue
ments were made or transaction
banks now existing and doing
within this state shall, on or befor
day Of July next following the Il
this act becomes operative, alter
its articles of organization, If nect
comply with the provisions Of this
shall by said time make its bust
form in all respects to the require
this act. except where such requi
expressly waived herein.
CHAPTER III.
PRIVATE BANKS.
Section /. Every person, co-pa
or corporation doing business in t
or that may hereafter be doing bl
this state, which shall advertise g
or as doing banking business,
signs, circulars, letter heads, OF
matter Of any description; or any
son, co-partnership or corporal
shall receive money or funds for
safe keeping as q regular business
shall buy or sell exchange as a
business, shall be deemed to be
banking business, and shall be kn
private bank. and SIS such shall I
TO the provisions of this act so
same shall be applicable. And eH
DarsCn, co-paTtnersh!p or corpora
make reports and be subject to
ton, the same as banks u1Ger
And every such person, co-partn
corDoratiOn shall maintain the r.
quired of any bank under slnllS
zion. and shall keep a separate SCI
0f account relating to such banl
ness. and no entries shall be ~
said books relating to any other
business, Such set Of books shal
iect at all times to examination
hank commissioner, his deputy.
aDnOinted by him. Upon the
any such person, Co-p2rtnershlp
alton to Keep the reserve requll
fhis act. or upon the refusal to
senarate books of account as requ
under, o. upon the refusal to ma,
ports required by this act, or up
fusal to submit the books Of ac'
Ders. securities and cash to the,
lion herein required, shall forfei
than twenty-five dollars and
tran one hundred 6n7'"~s for ca
any sUcA
Of any person, co-partnership o
ton shall be subject to the Ii
powers and regulations Of this