Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1909-08-13

is located ObJectlonS 10 any claim ny &c
iected by the commissioner may be MADE Dy
any party Interested by filing copy OF such
objections with the commissioner, VINO snall
present the same to the circuit cour I'LL, at Tue
dividend The court may make proper pro
vision for improved or unclaimed deposits.
9. Whenever any such bank or t DaniRing
corporation. of whose property and business
the commissioner has taken possession, as
aforesaid, deems itself aggrieved thereby: 1t
may, at any time within ten days aItef
court for the county in which such DanK
or banking corporation Is located to enIoln
furtherS proceedings; and said court after
citing the commissioner to show cause why
further proceedings should not be enjoined
and hearing the allegations and proofs or
the parties and determining the iacts may,
nnon the merits dismiss such application or
enioin the commissioner from further pro-
ceedings and direct him to surrender snch
business and properly 10 SUI" plAA "a "e1An
ing corporation.
10 Whenever the commissioners shall
have paid to each and every depos1toI and
creditor OF such bank or banking c. cpora-
tion mot including stockholders), whose
claim or claims as such creditor or oepos1tor
shall have been duly proved and allowed,
fine full amount of such claims, and snail
have made proper provision for unclaimed
and unpaid deposits or dividends, and shall
have paid all the expenses of the nqutda-
ton. the commissioners shall can meeting
of the stockholders of such bank or banking
corporation by giving notice tnereo1 I0r
thirty days in one or more newspapers pup
Hshed in the county where such bank or
banking corporation is located. At such
meeting the stockholders shall determine
whether the commissioner shall be continued
"a iouidator and shall wind up the affairs
of such bank or banking corporation, or
whether an agent. or agents shall be elected
for that purpose, and in so determining the
said stockholders shall vote by ballot, IN
person or by proxy, each share OF STOCK en-
fitting the holder to one VOTE and the ma
iority of the stock shall be necessary to a
determination.
IL In ease it is determined TO continue
the liquidation, under the commissioner. he
shall complete the liquidation of the affairs
of such bank or banking corporation. and
after paying the expenses thereof. shall dis
tribute the proceeds among the stockholders
in proportion to the several holdings or
stock In such manner and upon such notice
as NAV be directed by the circuit court.
In case 1t is determined to appoint an agent
or agents TO liauidate the stockholders shall
thereupon select such agent or agents by
ballot, a majority of the stock present and
voting in person or by proxy. being neces-
shall execute and file with the commissioner
a bond TO the people Of the state in such
amount, with such sureties and in such
form as shall be approved by the commits
sioner. conditioned for the faithful perform
ance of all the duties of his or their trust,
and thereupon the commissioner shall trans
fer and deliver TO such agent or agents all
the undivided uncollected or other assets
of such bank or banking corporation then
remaining in his hands; and upon such
transfer and delivery. the said commissioner
shall be discharged from any and all further
liability to such bank o. banking corpora