Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1898-10-27
CHAPTER I.

The people OF the state 81 Wisconsin, repre-
scented in senate and assembly, do
enact as follows:
CHAPTER l.
BANKING DEPARTMENT.
Section /. There is hereby established In
this state banking department, which
shall have charge of the execution of the
laws relating to banks and the banking
business in this state. Such department
shall be designated as the state banking
department, and shall be under the man
agement and control of a chief officer, who
shall be called the bank commissioner.
Section 2. The bank commissioner shall
be appointed by the governor, by and with
the advice and consent of the senate, and
shall hold his office for the term of five
years unless sooner removed by the gov
ernor, for good cause, and by and with the
consent of two-thirds Of the members Of
the senate. He may appoint deputy. and
revoke such appointment at pleasure
Such deputy shall possess all powers, and
perform the duties attached to the Office
of the bank commissioner during va
cancy In such Office, and during the alb
sence or inability of his principal The
bank commissioner may also employ, from
time to 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 dep
uty and such clerks as may be employed,
shall be at such a rate per annum as the
| bank commissioner shall decide, not, how
ever, to exceed that of the deputies and
clerks of the several state departments,
| The salaries of the bank commissioner dep
uty and clerks shall be paid monthly by
the state treasurer upon voucher coun-
tersigned by the secretary of state. Nouch-
ers for the deputy and clerks salaries
must be first approved by the bank COM
missioner All actual and necessary trav-
cling expenses 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 TO
the secretary of state. IL allowed, the sec
rotary of state shall countersign them. The
state treasurer shall, upon the presenta-
ton of vouchers so allowed and counter
signed, pay the amount of such expense.
! Within fifteen days from the notice of their
appointment. respectively, the bank COM
missioner and his deputy shall take ana
subscribe the oath Of office, prescribed hy
the constitution, and file the same In the Of
flee Of the secretary Of state. The SAID
bank commissioner and his deputy snail
each give TO the people Of this state bond
In the penal sum of twenty-five thousand
dollars, with two or more sureues or a
surety company. to be approved by the
state treasurer, conditioned Tor the latin
full discharge Of the duties of their respect
I've offices. There shall be assigned 10 sala
bank commissioner suitable rooms ia the
state capitol for conducting the business OF
said department
devise a seal for the use Of his office, when
shah continue to PIE the seal OF said DC
partment. A description Of the seal with
an impression there Of, shall be filed IN the
office Of the secretary Of state.
Section !. 1t snail be the duty or the
bank commissioner, and he shall have the
power by himself his deputy, or by any
/ examiner he may appoint for that purpose,
to examine at least once In each year. the
cash, bills, collatcrals securities, books OF
account, condition and affairs OF each
bank, savings association and private BANK
doing business IN this state For that
purpose he may examine on oath any Oh
the officers owners, agents. clerks. Gus
toners or dcpusitOrs thereof touching the
affairs and business of such institution.
The bank commissioner shall examine, or
cause to be examined, any bank when re-
questad by the board OF directors Of such
bank The bank commissioner snail also
ascertain whether such bank transacts lts
business at the place designated in the art
icles OF Incorporation, and whether W. bQsl,
ness is conducted in the manner prescrioed
by law,
section s. No bank commissioner. deputy
or examiner shall examine a hank In Whlen
he is interested as stakeholder, officer. en-
plOyee or otherwise, No bank commission
cr deputy or examiner shall examine q
bank located in the same village city or
county with any bank In which he Is IN
tsrested as stockholder, officer, employee
or otherwise The bank commissioner
deputy. and every clerk in his department
and examiner. shall he bound by oath 70
keep secret all Of the facts and information
obtained In the course Of such examine
tons except 90 far as the public duty OF
such officer requires him TO report upon, ot
take special action regarding the aHalrs q
any bank II any bank commissioner, dep-
uty. examiner or clerk IN such department.
shall disclose the name of any DEBTOR o.
any bank, or anything relative 70 the PR
vate accounts or transactions of such DARN
or shall disclose any fact obtained IN the
course Of his examination OF any panK' ~
ccpt as herein provided. ne snail hs So
OF his office, and 70 the payment or hHe
of not less than enc hundred u0lldlA I'VE