Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

No. 25G, Al Published May 20, 1911.
CHAPTER 172, LAWS OF 1911.
AN ACT to amend sections 2016, 2018
and 2019 of the statutes, relating to
the regulation and supervision of
banking business, and providing for
the payment of examination fees by
banks, and making an appropri-
The people of the State of Wisconsin,
represented IN Senate and Assembly
do enact as follows:
Section /. Section 2016 of the stat
utes is amended to read: Section 2016.
/. The commissioner of banking shall
be appointed by the governor. by and
with the advice and consent of the SEN
ate and shall hold his office for the
term of five years, and until his sue
ceSsor shall have been appointed and
qualified, unless sooner removed by
the governor, for good cause, and by
and with the consent of a majority of
the members Of the senate. The COM
missioner of banking may appoint a
deputy, and revoke such appointment
at pleasure; provided that no person
shall be eligible for the office of COM
missioner of banking, or deputy, with
out first having had at least three
years actual experience in the gener-
al banking business, or served for a
like period in the banking department
of this Or some other state.
2. Such deputy shall possess all
powers, and perform the duties at
tached to the office of the commits
sioner of banking during a vacancy il
such office and during the absence or
inability of his principal. The commits
from time. to time, such examiners
not exceeding seven, and clerks
and his deputy. in the discharge of
the several duties imposed upon him
by this act, as he shall find necessary
3, The salary Of the commissiioner
and dollars per annum. The salary of
the deputy shall be three thOus,
and dollars per annum; the salary of
such examiners shall be eighteen
however if in the judgment of the
commissioner of banking the good of
the service demands it, he shall be and
is hereby authorized by and with the
to increase the salary of any or all
examiners, but such increase shall not
exceed for any one examiner two hun
dred dollars in any one year and in
no case shall such salaries be increased
to exceed a sum total of twenty-five
hundred dollars per annum for any
take effect upon the filing of a certif-
cate of increase by the commissioner
of banking, approved by the governor,
with the secretary of state. The sec
rotary of state shall thereupon issue
warrants for examiners salaries, in
Guiding any increase that may be pro-
vided for by any such certificate; and
the salary of such clerks as may be
annum as the commissioner of bank
ing shall decide, not, however, to eX-
coed eighteen, hundred dol
lars for one, who shall be ignated
as chief clerk, and fifteen hundred dol
lars each for two, and twelve hun
dred dollars for the other; provided,
that whenever it may become neces-
sary for the commissioner of banking
to take charge of any bank in accord
ance with section 2024-29
of the statutes, he may appoint such
additional examiners as he may deem
necessary for the purpose set forth in
4. The salaries of the commissioner
of banking, deputy, examiners and
clerks shall be paid monthly by the
state treasurer, upon a voucher coun-
tnrsigned by the secretary of state.
Vouchers for the deputy'S, the exam
iners' and clerks salaries must be first
approved by the commissioner Of bank
ing.
5. All actual and necessary travel
ing expenses and disbursements of
said commissioner of banking, deputy,
examiners or clerks, incurred in the
discharge of their duties, shall be fully
itemized upon proper vouchers and
certified to the secretary of state. If
allowed the secretary of state shall
issue his warrant, and the state treas
urer shall pay the amount of such ex-
renses and disbursements Within
fifteen days from the notice of their
appointment, respectively, the com
missioner of banking, his deputy and
the =, examiners an shall take and sub
the constitution and file the same in
the office Of the secretary of state.
g. The said commissioner of banking
and his deputy shall each give to the
people of this state bond in the penal
sum of twenty-five thousand dollars,
with two or more sureties, or surety
company to be approved by the gov
ernor, conditioned for the faithful dis.