New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1899-04-26

4 county. bears 10 the total number OF days
thesfrial 81 causes for all he counites 81 d
i the district court, after having made an
before the nrst day Of April Of each
termine the amount which said said reporter
is entitled to receive from each county
In said district. and In determining such
the number of days which each county
OF the Judicial district actually employed
1 9 stenographer for tho trial OF Causes
! for the year Immediately preceding the
adoption OF this act. and annually there
after bears to the total number OF days a
stenographsr was employed n the trial
Judge shall He e Copy thereof With s the
andifor OF each county in said judicial
Provided. that said reporter shall be
entitled to charge at the rate of eighr
for transcripts Of his said record, and
two cents per folio OF any copy thereof
# ordered so It can be. made at the same
Sec. s. The order Of district court
judge making an appointment under this
act. shall be fled with the county auditor
! judicial district for which such reporter
is appointed; and before such reporter
| shall enter upon the discharge of his du-
that he viii to the best: Of his knowledge
and ability faithfully perform the same.
| z copy Of which, oath shall be nled with
posing the judicial district for which he
| is appointed.
| Sec. 6. This act shall take effect and
! be In force from and after the first day
| OF the month next succeeding It's passage.
and all acts or parts Of acts now in force
! IN this state Inconsistent herewith. are
; Provided, however, that this act shall
not apply to Judicial districts containing
900 inhabita6ts Or AFFECT any 1 laws now ON
approved April 1 it sd 1873. o's'r'e's'
| CHAPTER 142-s. r. NO. PSI.
90 and eight 90 Of chapter. one hum
laws Of Minnesota. for the year ono
| thousand eight hundred and ninety-fiye
lS95). being an act to revise the laws
relating to banks OF discount and de-
| Be 1t enacted by the Legislature of the
State Of Minnesota:
ter one hundred and forty-five (145) Of the
| general laws Of Minnesota FOR the year
eighteen hundred and .ninety-hve QS95) be
ana the ga is hereby amended so as to
=. Sec. g. The affairs Of each bank shall
pc managed by board of not less than
three directors. who shall be elected by
the stockholders. and hold Office for one
year. and until their SUCCESSORS are elect
ed and have qualified. A majority Of the
| board Of directors shall constitute a
| provided, that when the number Of d.
| rectors shall exceed nine they may once
| IN six months designate by resolution
| nine members. any five of whom shall
! constitute quorum. In the first instance
| the directors shall be named in the ar
ncles prescribed in section two (2) of
| fore the bank is authorized to Commence
| business by the superintendent and after
| wards elected at the annual meeting Of
| the stockholders each year; and If for
| meeting 1T may be held at subsequent
| meeting called for that purpose, of which
que que M notice will be given as provided IN
| meeting of stockholders for election OF
directors each share shall entitle the
owner to one vote for each director, and
! a stockholder may vote at any meeting
| OF the corporation by proxy in writing
signed by him: Every director must own
and hold in his own name not less than
five o. shares Of the capital, stock of
! such bank, except that in banks having
a capital of fifteen thousand dollars or
less, director must own and hold in his
vided, that If the shares in any bank
| are less than one hundred dollars in par
value, the directors shall hold shares of
the value Of five hundred dollars in the
first instance and three hundred dollars
In the second instance. Any director who
| CtdStS " U0 lIlo owner OIL the requisite
stock, or who becomes in any other meas
ure disqualified shall thereby vacate his
place. Each director shall take and sub
h eues IN
and will not knowingly violate or permit
to; be violated any provisions of this
s acit,, and nd, that I he is the owner in good
of stock of the bank required by this act
! to qualify him for such Office. standing
In his name on the books Of the bank, or
l. fn oyna fI,n4 %h1
same is not, hypothecated, or in any way
| pledged as security for any loan or debt.
The The, = taking tai Of such oath shall be duly
| Immediately. transmitted to the public ex-
aminer, and shall be preserved In the
board Of directors shall be dllea by the the
| remaining members of the board, and the
| directors SO appointed shall hold office
| until the next election. - =
Sec. z. That section seven Cd Of cha D.
| ter one hundred and forty f1ve Q45) Of the
general laws of Minnesota for the year
eighteen hundred and ninety-f1ve Qss5 be
and the same Is hereby amended so as
to- read as follows:
Sec. 7. The board Of directors of a
| bank may declare dividend of so much
| Of the profits of the bank, after providing
! for all expenses, losses, interest and
taxes accrued or due from said bank as
| they shall Judge expedient; but before
! than one-fifth of the net profits of the
| bank for the preceding half year. or for
such period as is covered by the dividend,
shall be carried to a fund to be designat-
ed the, surplus fund, until such surplus
fund shall amount to twenty per cent OF
! its capital stock, and thereafter such
| surplus fund shall equal twenty per cent
Of the capital stock of such bank, and
whenever the same becomes impaired 1t
| shall be reimbursed in the manner pro-
| vided for it's accumulation
Sec. g. That section eight g., chapter
| one hundred and fOrty-flye Q45) of the
| general laws of Minnesota for the year
eighteen hundred and ninety-five Q8955, be
! and the same is hereby amended SO as to
read follows: s--
| bank shall annually appoint from its
| members, an examining committee, whose
| duties 1t shall be to examine the condi-
ton Of the bank at least once every six
committee shall report to the board. Civ
! ing in detail all items included in the
assets of the bank which they have rea-
son to believe are not Of the value at
records Of the bank. and giving the value
| of each of such items as in their judg-
| ment they may have determined, and the
board shall cause said report to be record
a duly authenticated copy thereof trans
mitted to the public examiner. l,@ -
/ Sec. 4. This act shall take effect and
| be In force from and after it's passage.
Approved April 18th, 1899. -
CHAPTER 1875. F. NO. 55s
AN ACT to prescribe method of pleading
| and practice in certain municipal
Re it enacted by the Legislature of the
| State of Minnesota: -
Section l., That sections numbered one
dsis1 and one thousand three s' hundred Ised
and seventy-seven Q37D Of the general
statutes OF one thousand eight hundred