Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1898-08-18

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specifying some larger amount which is officers
may loan upon real estate security: provided
thar IL no event shall any bank 50 ioar an amount
- eAeeri twenty-five per cent. u the aggregate
81 its capital surplus and deposits: and provided,
tllat banks doing business in villages or cities
has5AS less than SIX thousand inhabitants, under
the last Otrclal census, may loan a sum not 10
exceed thirty and one-third Der cent Of the
| aggregate OF It's capital, surplus and deposits
upon real estate security - The limitation in this
section shall not preclude any bank from taking
real estate security upon any Indebtedness preyi-
| Ousiy contracted IA good faitu upon personal
security; and provided further thar any hank
| having taken real estate security for such debts
80 previously contracted, which shall have carried
~ percentage OF loans on real estate above the
amount hereinbefOre limited, such bank shall
WiLnln SIX months thereafter either by sale or
collection, REFUGE its real estate loans 10 the
amount hereinbefore limited
| SECTION 30. No bank shall demand or receive
Tor loans or discounts rate of interest exec ding
that allowed by law to be taken and received by
individuals, excepting that it shall be lawful for
any bank to receive interest in advance according
| 10 the ordinary usuges Of banking institutions
| and TO charge for collecting foreign or domestic
bills, or other evidences Of debt the usual current
rate OF exchange In the computation Of time
thrty days snail be considered month and
twelve months year.
SECTION 81. All debts due to any bank on
which interest is past due and unpaid for period
Z Of twelve months, unless the same are well
secured and m process Of collection. shall be con-
sdered bad debts, and shall be charged OF to the
profit and loss account at the expiration OF one
year
SECTION 81 The board of directors Of a banl,
may declare a dividend from So much of its net
profits, after providing for all expenses losses
interest and taxes accrued or due from said bank
as they snail deem eXpedient but before any
such dividend IS declared, not less than onts-tenth
Of the net profits Of the bank for the preceding
hat year or Tor such period as is covered by the
hFidriit sildli DC carried to surplus fund.- until
such surplus fund shall amount to twenty per
cent. 81 the capital stock. No dividend shall be
declared before the capital stock is fully paid
SECTION %. Every president director cashier
oInctr- teiler. clerk or agent Of any bank or saw
ms aNsociatioii VINO einoelzes abstracts Or wit
ff
us or property OF the bank or savings association,
whether owned by Il or held IN trust. who.
Ivy y W directors issues Or puts
~ H. T't elttii-atF 81 deposit draws any order
or bA OF exchange, makes any acceptance
Signs any note bond. draft bill OF exchange,
iitftSaSe' judgment or decree: or who makes
any laise entry IN any oook report or statement
81 the b9nS, VIII intent IN either to njure
~ detIaul the bank OF savings association or any
person or corporation or to deceive any officer OF
the u''iA OF savings ASSOCIATION or any agent APP
F.,ihei ~ examine inc afIafS u such hanS or
SAVING tSHoclttlUh. or any person who. witii like
~ aus ~ aoelS any eillceF clerk OF agent
IN tue VIC Eiioh o. TINS stction. upon convection
NJ sii p iiilpliS3nea "a The state PRISON
ny ~ 49, t"ehty yours.
SECTION ~ II tue bodF1 OF directors. or quo
"a a til5ttpi 81 any 'lh< s't2ii kno%inSly Vi"t IT.
81 NnaNa ~ permit aiiE Pr tht OH rrS, agh4lts
a& "ninty-'.~ p the yats :" Slos3ts any vi ia
gf"tif" Is 'i I'm 49, . after q wtmin; from
lla 9i.iS 4 E ~ 4 S.itu NJ g mike good
any Toss "t Csc t' l.~ i.ns frugi SNrA nets. or
cor n.ft. sue '"t ft". i "a s-olSi .tute a
<.".,lt =" in.tF' !" tt'' ea
-. 't' q" *'i = Fe n'fsA
~ tfttttI" = ts.''tst 8 =" 4. ..a.
~ -, s'ilt = H~~oit3 81 t,.i4
st +. 10 n 81 al.
~ !iaN . t.. sit'ct.sei r.. us "stlS }Ha.l
sil3ii ~ lnlisl.li2 l3ni rp3al. IS.
moi one Tor al = i s. .o T. lf-a"
p3SiforS IN sud ifiss % = af8n ~ tarr
sl''c& Al the' i- v;,iu. tIeFeot. IN s5a.t to the
ao ''Iht inytStei ~ s. stett Bat ,1,'i-,nN nol3
~ Stock rs esrriitu i. !'fi Str'arS asaartlans
OF trustees, ia trIse1s lt,itjm stock as culla-
stockholders. b1f IN se,t nr f,,ni. in rbeir
s.,,,.', - T., ~. n, 80 ~ li.'ttis =" vie
person Interested in su, t,tSt 4,J ,,.,,ll ~. If
living or conlpsa1i a. lrt ana ~. ,,.,es lfy
inv such stock Eli ii. I,..l,,,I III! sto3, ,,l.sr
and iable uul.r This s,,n ,Suel, Iiahif,, si,slI
continue for Xt y ,It ff.., any. tra,,sfr sfi.
Sgt~rIoS rs Whenever ann. 1anosit sj,9N ~
mad, ii any bank IN ana 81 III. mann. ~ my
minor or female l,.,n or thereoftar ha,.or,n, =
married woman NM same shall Ia b,lJ ~ 7b.
exclusive r;rhr ana hpupdt ~ sab ,nino, ~ 4.
ll,;.. and fr - fr,r, -. ,.,,,,+r,l ~. ,,, ~ ~ -,
-