Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1898-09-08

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s- give alis Of m stockholders, their residence,
..I riia amount Of stock held by each and the
~ the directors ard officers OF each bank.
3..- .n.tte, rcDDr. tIe atmeS and compensation
80 clerks employed by him, and the whole
the IS pcnsc Of the banking depart
u, .tIu.l, iIe year preceding
CHAPTER II.
BANKS
.srlo> T. ANY number ~ adult residents Of
'nsl0 not les. than three, may associate to
30 - 90 pguk under t'IiS act. upon the terms
..nrli inls an gubject to the liabilities pre-
30 this net the aggregate amount Of the
% Stock ~ Jry bank shall not be less than
..t lusaHd dollars, in villa ,cs or cities having
tr.u two thots.nd inhabitants; and shall not
tian twenty thousand dollars in Villages
'..."4 having more than two thousand and less
..u SIX thousand inhabitants and shall not be
than il:ty Thousand dollars in any village or
having more than six thousand inhabitants,
,..aul ding To- the last official census
cotton ? The persons associating shall
aat'. sim and acknowledge written articles Of
"a corporation containing:
T. e,t declaration that they associate for the
50 H'St Of forming banking corporation under
oud The name of such bank Such name
.Hl be in no material respect similar 10 the
900 ~ any other bank ia the same county
thee such other bank be organized under this
.' uudrr the laws If the United States
"|Dirl The village or city and county Npere
Dc b,uk Us 10 be- located
lurth The amount Of capital stock which
.
more than one hundred dollars each
.rta The period Tor which such banR l. gr
~ d. not exceeding fifty years.
C"lUN 3 Such articles of Incorporation shah
fFt rNrcufel In iriDlcute one Of which shall be
aYrNei Ia the Office OF the register If deeds
county IN which the bank is located one shall
tt 'ird ~ the office Of the bank commissioner.
s.' On" shall be flied IL the Ollie" 81 line s-cre-
I..r, Of state
..r,riosa Upon Masking and filing u the ar
i,,S ~ Interpretation Tie bank shall l-cnme a
HH o. ~
sowing powers
First 10 make en- contracts necessary uud
"prr to eject its purpose and eouduet its t'uS'
second To sue aud be sued to appear and de
fond 10 all actions and proc rdugs uudel its cor.
fpratc nsine a. the same extent n a natural
Tutd e. have contain sal ana alter the
en'Ie at pleasure
Fourth To elect or sppoiut all necessary on
,- agents and srrvasfs, define their duties aud
'iratuns 0X their compensation dismiss them.
% vacancies aud require bonds
Eilth. Iu uatr, stnond and repeal by laws and
rtrGlat ms not inconsistent with law or its trtt
o's OF url~ tniaaJion, for its own government FOR
20" orderly conduct ~ its affairs aud the manage
",fnt ut It's property, for determining the man
..r Ot calling aud conducting its meetings, tho
.aurr " office OF its several otncers; and such
10 AIRS n5 shall be- necessary or convenient for the
.E-np'plishmrnt of 10, purpose.
siy-h 10 exercise by ts directors. duly au-
zed officers OF agents, al such powers NJ
,tll me- necessary ~ carry 90 the business ot
.F',ug b, bgying, AIsso"nting and negotiating
,flt>Ory notes, bonds Ararts, bills OF exchange,
.i.su and dO~o>ttc, ssS other evidences ~
hy fae.ylsg cos,%sresl ana Ia, s'yh .i dS
l1t iu.; 81 ssltAg eon aud bullion, ard by
,1rtn and srNne esohsnsc foreign and domcs-
IT,. ig4uing irttnrs x credit aud by oauiug
'.tlrry ON PERSONAL or rosl security. as provided
t-a.stpS s. No bsat SHAH transact any bust.
a.s except such a. n Incidental or necessarily
-''ruiyu} 10 ta Organization, until 1t has been
.-ulsry authorized ~ sho bank commissioner
us commence the btS~A,ss OF banking.
rtriuy o. Tho subscriptions to the capital
tr.js and the direction " the affairs Of the cor.
,.arntiuu prior 10 tae sleciiuu Of directors shalt
,a IN conformity with the statutes Of this state,
.elN'ug i1 corporations regulating such matters
50r u' applicable AZ least fifty per cent OF
.N..clutl stock ~ every bank shall be paid in,
s rf''I. before IL snail bo suthorized TO commence
.s iNps.. AND tAr remainder OF the capital Of such
.Hul snail b. paid IN. in cash. in monthly install
..,aul, of ~ Isa,t ten per cent on the whole Of
'a,. capital ssysolr at tho cnd Of each succeed.
mouth, from tho timo 10 shall be authorized
Oh" hank commissioner L. Commence business
nI thr ulym"nt ~ each iu.tnllment shall be Ger
STOOL Co thr bank commissioner usder oath, 10y
..,. 0,|tiyrr u tho bank.
-ruS Whenever ARTICLES OF incorporation
."' tilcd With Che bank comm 'soncr rs herein
..n.i lrd. tul the bast transmitting the same
titles tht bank commissioner that at least fifty
ncus o.. it's capita hes been duly paid in and
1t eu.l hank ht4 complied with all of tn" pro
'7s ut his irt rsluir.i before the bank Shail
! PC authorized to commnpce business. the nank
.N.r,Hi .uurr shall examine into the condition OF
.ffr rguk ascertain tks amount ot money paid
% account ot It's ctptsi, the name mud place of
| ->. 'rure ui each or It's directors, and whether
no. bunk mas complied with an of The provisions
s. Liv rN}uir.d TO cptitl- Il IA engage in the buS
| r#.a nr banking II upon such examination II APP
s.. rs chat such hsus ii lawfully entitled 20 com.
.f..rc' tua,n,Ss the bark commissioner shall
N..i'h give 10 Such hank a certificate under
/ ... Nlut aud on IA seal. that such bank IS au
..lr.f.l commence business II tho said bank
..a..ut ..ousr hSs rrspu 10 believe that the stock
! aI'ar, have formed the same Tor any other than
.. |.s l.nI gfr uJsinc>, contemplated ~ this act
IS .uay with lhe advice and consent ot the attor
10. uegh withhold t&c certificate hrretn meA-
s-cv,ss The bank shall cause the certificate
/ .s.. 90 uerrund.r tu h,}unli~Hrl len SOME news
..NNrn .tu.rl M the village" ..ty or county where
. .fH IaHk a. located. within ten days after me
/ -r..u. such certificate, u no newspaper IS
/ nH.'.Hs5 tl Slca cnuuEy. Chen such publication
..E.,I a. aa Dr. 40 tho nearest county seat Proof
7 afu..' .tH" saal'loe hied with the bank com.
/ ~u.HE" Whenever any subscriber for stock
l r. U~ ss-0 EUcr fails tu pay any nstalueut ol
I ..t.-.n., when the Same Is required TO be paid
! ..~.lU.sr directors ut such bank may seu
I ..>...e o.. .ch Delinquent stock subscriber 40
7 #.. aJI. having ttl~t given Che dhiulutui SUP
/ luis U>. shown address. 70 mo- bidder can ~.
! .u.U. t,.1 NIW uat tor ~luh StHrk the amount
! ta. f.uHtal tp foe uau, with ans crst iuurrrit
..,HHuHit previously lahi >.n.i 1r toHeMed "
/ reu.rr, H.rE urier. within sixty iay> twm ihH
.FI.n. sWuA forfeiture. and VI uut sold. I sha u,
] esH..r.HI amid urdutt'l from thc capital stock "t
! t1' HtrN % soda. AMY surplus over th' amount
/ lHt aU -tt -tpfk fec -.uI hanE lucludiuE lhr COST
! .Et ..Iut sH'r'HH- Win interest "il bHe 1h,oHl.
! a#. >h1 Hr laturnHt e. tEc ,ause.intr hN hc,is
Ar a--lg I- NJ stlsA cancellation ~.lAU reduce ih
/ rarH.tl ot tAs utu, b'llN cine minimum reluHr
| Hy iaN. the said capital saali within thirty DAY :
I rs the required .uouut by additional sub>cltp
! tlou~ M event uf the failure Of sand hanS o. ui
crease ~ugh capital as berem plnN1I'1. 1ae nane
s1ullui -,nucr shall apply for rerelNcr % 'l"se
Wu tNr business OF Iho bdnk