Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1903-06-01

public improvements and providing for the
charging Of the expense Of the same being
charged against the admitting property.
Chapter 81. amending the law relating %
the collection Of taxes.
New Banking Law.
Chapter pa is the new banking law.
1t repeats the law OF 1895, creating the
office OF bank examiner, and creates in
stead the state banking department, 10
be under the management of the com
missioner of banking. The commits
siOner is appointed by the governor
for the term of five years, with the ad-
vice and consent of the senate. The
powers of the commissioner are prac-
tically the same as those of the ex-
aminer under the old law, except that
he has greater scope. Examinations
are 10 be made annually as heretofore,
except that new banks must be exam
ined before opening for business. If
the commissioner finds that all legal
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
TO the commissioner annually, when
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 10 do 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 6 provides that cities may re-
Quire OF contractors laying asphalt paving
10 leave with the city an amount equal 10
ten per cent. OF the full contract price and
10 furnish a bond ia 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 a per
TO-. OF i've years.
Chapter 81 prescribes the manner in
which villages may borrow money for the
construction Of sewers and provide for the
payment Of the debts thus contracted.
Chapter 2 authorizes cities which have
heretofore contracted general Indebtedness
for purposes other than special street
providing for the collection of a direct an
nual tax 10 pay such Indebtedness 10 refund
any portion thereof that may remain IN
paid by issuing new bonds therefor.
-hapter ~ authorizes common councils
Of cities Of the second. third and fourth
classes 10 improve st~sets. avenues and
boulevards Cor park purposes.
Chapter % authorizes cities 10 license
and regulate the storage Of dangerous
acids
May Order Shade Trees.
Chapter 90 authorizes common councils
Of cities 10 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 10 employ aid for city
attorneys.