Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1903-05-28

public improvements and providing for the
charging OF the expense of the same being
charged against the abutting property.
chapter 81, amending the law relating TO
the collection of taxes.
New Banking Law
Chapter 234 is the new banking law.
1t repeats the law OF 1895. creating the /
office OF bank examine, ana c.e2tes in
stead the state banking Gers. st, to
be un~er tbs management oi Ii com |
CT banking. Ia commits !
stone Is anpointe5 by The governor |
for the term of five years. with the adj |
vice AMI consent Of the senate. The
powc-s the commissioner are prac-
tically the same as thee of the ex-
aminer usc the old law except that
he has create score, Exc ~9inations
are to be made annually a. -etoiore,
except that new banks must be exam
ined before opening for business. If
the commissioner finds that all legal
requirements have been complied with :,
he will issue a certificate of authority
or charter. The amount of capital re-
quired for banks in towns and villages
of less than 1900 inhabitants is $4,000
actually paid in; villages of 1900 to
$500, $4,000 or over; cities of $500
to 5000, $4,000 or over; cities from
5000 to 10000, $4,000 or over; in
cities of 10000 or over not less than
$4,000 Five reports must be made
ever called for by the commissioner.
That portion Of the law referring to
private banks is copied after the New
York law and prohibits the use of the
word bank in the name of the business
by any person or firm not complying
with the law and not obtaining a GER
tificate of authority from the commits
sioner to do a banking business. Strict
rules are also prescribed to be COM
piled with by directors.
MUNICIPAL LAWS.
General city legislation gave the as
sembly committee on cities much work
throughout the session. Much of the
product relates to street improve
ments
Chapter provides that cities may re-
quire of contractors laying asphalt paving
to leave with the city an amount equal to
ten per cent. of the full contract price and
to furnish a bond in addition equal to
twenty-five per cent. of the full contract
prices as guarantee that the streets so
paved will be kept in good repair for per
iod of five years.
Chapter 81 prescrbes the manner in
which villages may borrow money for the
construction of sewers and provide for the
payment of the debts thus contracted
Chapter authorizes cities which have
heretofore contracted general Indebtedness
for purposes other than special street
sewer and harbor improvements without
providing for the collection of direct an
nual tax to pay such Indebtedness to refund
any portion thereof that may remain I'M
paid by issuing new bonds therefor
chapter II authorizes common councils
of cities of the second. third and fourth
classes to improve streets, avenues and
boulevards for park purposes.
Chapter So authorizes cities to license
and regulate the storage of dangerous
acids.
May Order Shade Trees.
Chapter 80 authorizes common councils
| of cities to order the planting of shade
trees along streets and charge the same to
the abutting property and may require that
the work be done under the supervision of
the park commissioners.
Chapter $50 empowers the common
council of cities OF the of the second, third
and fourth class to employ aid for city
attorneys.
Local Ward option.
Chapter 207 provides that when cities
operating under special charters annex ter
ritory hitherto no-lcense the annexed part
shall have local option.