Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1898-09-15
stock. No dividend shall be declared b.
lore the capital stock Is fully raid

stock. No dividend shall be declared b.
ioSe the capital stock is fully paid.
section IS. Every president director,
cas- hier, officer. teller. clerk or agent OF any
pank or savings association who embezzes,
abstracts or wilfully misapplies. any OF the
moneys, funds, credits, or property of the
paHk or savings association, whether own
ca by II or held in trust, or who without
athority of the directors. issues or puts
Iofth any certificate OF deposit. draws any
oFoer or bill of exchange makes any ac-
Septance, assigns any note bond, draft,
niIl OF exchange, mortgage, judgment or
decree or who makes any false entry in
III. o?ok- report or statement OF the bank,
wlta iuteh. In either case 10 injure or de-
fraud the bank or savings association, or
any person or corporation, or 10 deceive
any officer of the bank or savings associa-
tion- or any agent appointed 10 examine
the dHalrs OF such bank or savings assoCia-
non; or any person who with like intent.
AIDS or abets any officer clerk or agent in
the violation of this section upon convic-
ton thereof, shall be imprisoned in the
state prison not to exceed twenty years.
Section 81. II the board of directors, or
a quorum thereof of any bank shall know
lnsiy violate or knowingly permit any of
the officers, agents or employees of the
bank, TO violate any of the provisions of
this act, and after a warning from the
bank commissioner shall fail to make good
any loss or damage resulting from such
acts, or continue such conduct. ii shall
constitute ground for the forfeiture OF
the charter of such bank, II shall be the
duty OF the bank commissioner, with the
consent of the attorney general to inst-
tute proceedings to enforce such forfeiture.
and TO secure a dissolution and a winding
up of the affairs of such bank
Section So. The stockholders of every
bank shall be individually liable equally
and ratably. not one for another. for tho
benefit of the deposltors In said bank 10
the amount of their stock at the par value
thereof, in addition 20 the amount invested
In said stock. But persons holding stock
as executors adrniuisrra tors guardians or
trustees, and persons holding stock as col
lateral security shall not be personally liza
BILE as Stockholders but the assets or
funds In their hands constituting the trust
shall be liable 10 the same extent as the
testator. intestate. ward or person inter-
ested in such must fund would be If liy-
ing or competent TO act. and the person
pledging such stock shall he deemed the
stockholder and liable under this section
Such liability shall continue for sixty days
after any transfer nj stock
Section az Whenever any deposit shall
be made In any bank bv and I'm the name
of anv minor or female being or thereafter
becoming a married woman. the same shall
of such minor or female. and free from
the control or lien of all persons whatso-
ever except creditors. and shall be paid,
with any interest due thereon to the per-
son in vhosa name the denosit shall have
been made and the receipt of such minor
or female shall be a sufficient release or
discharge for such deposit to the bank.
h9nRNRr shall
any person in trust for another. and no
OIL her or further notice of the existence and
terms of a lega, and valid trust shall have
been given in writing to such bank in the
event of the death OF the trustee the same
or any part thereof and any interest due
thereon NAV be paid TO the person for
whom the said deposit was made
Section e. All real estate owned by any
bank shall be taxed the same rs other real
estate i'm the town village or city where
such real estate is situated The capital,
surplus and undivided profits of a bank
shall mot ha faxed Int the shares of capi-
TAI stock shall he taxed To The sharehoid-
ers of such stock where the bank is located.
The value of the shares to be determined
the same proprtionately as that of other
property. after deductiug therefrom the
real estate owned nv the hank The tax OF
anv shareholder not residing in ths taxing
district of the bank II unpaid at the time
for returning the unpald tax list to the
county may he Maid by the bank and such
pavrnent shall constitute a first lien upon
the shares so taxed ANY bank may pay
the taxes upon all OF the shares of its
Shareholders and deduct such tax from its
earnings
Section IS Legal process against any
bank NAV he served upon any officer OF
said bank I'm the county where it's business
office is located
Section 20 In the event that the con-
sress of the United States shall hereafter
provide for the establishment of circulation
by banks ORGANIZED under Stale Jaws, dny
.tlh o. ~ U 10 es,Ie cir
t,is dct, snali ma ~ IL occoyia noe
utI'inS "o ', 80 nTorass anS shan
W., MI ats sun az -, italF f M Nc
i,i.t .ie Po ,S' ,Cn ,n, ~ can9,ross Tn,
ais'oil9 oa a,S stio,, sboU 80 he con
.,a ~ U1 60 ,.inr aSsocia lion
81 ~ " p,,i, s,I,ar ~ any loan ar
vi Pi iFa, , nti,N y, ,, otbe, coTsroraticn
" vs. f. roii IA sps ,, a., uo s'Is o'"S' va
'' isue ~ The ,istors Of tbis oct
~ tIoI ~, -, ,,,a III ,a 49, orc, -
SIa I Apply 70 a,iu soNen 81 NJ st,ta
Ned ana no" eNistims VIM ai'ia - r .e'
an9 me bowers, lsIISsT ~ uu.5eS az"
slIlStloils co,Iltrrtu dII ti -, az
nahh, eNlstlus aIq "olHF uuSlt.'s1 ~,
the laws OF TINS sat- are ntItpS a'Lilsy =
enlarged, or moallleu as edCh Pa teuIa'
case may require 70 vpuiipInl ~ Wy ~
visions OF TINS ACT. NothIHg N tl,is az,
shaIl De construed 10 auegt tne ies MY ~, VI
lnNestnents hertorore mat. OF 70 tlan a..
IONS hetsl9Iore ndu' Pui Sud.' ~ aiig -
VISIONS OF law III force Nhen sucil lINesI y
ments We're nlaue OF trahsayllol idu, ~ ~
banks now e&lsunE ana aolns nusli a...
Within TINS state shaii, on OF nclort lhe !.lSt
DAY OF july next lohoWlhs we lillle VIZ
thls act becomes oPeta!Ne' alleI VI alnc' "a
It's articles or orSdIllHatiou, II nygesSs'l y, ~
comply WIN me PROVISIONS OF lnls act' anu