Imagens das páginas
PDF
ePub

No. 25, A.]

[Published May 12, 1915.

CHAPTER 72.

AN ACT to amend section 894a of the statutes, relating to village

separate road districts.

The people of the State of Wisconsin, represented in Senate and
Assembly, do enact as follows:

SECTION 1. Section 894a of the statutes is amended to read: Section 894a. Every village in this state, whether such village be incorporated under general or special law or both, shall constitute a separate road district. No part of the streets or highway of any such village shall be in any road district established by the town board, nor under the control of the town officers, provided that bridges across navigable streams shall be built, paid for, maintained and repaired by the town and village jointly, the expense to be borne by each in proportion to their equalized valuation as is fixed by the county board,

where such navigable stream is the boundary line between any village and any town; or where the bridge is built wholly within the limits of an incorporated village and the span of such bridge exceeds two hundred feet in length.

SECTION 2. This act shall take effect upon passage and publication.

[merged small][merged small][merged small][merged small][ocr errors][merged small]

AN ACT to create paragraph (e) of subsection 2 of section.
1897a of the statutes, relating to reinsurance and the kinds of
insurance to be transacted by a company.

The people of the State of Wisconsin, represented in Senate and
Assembly, do enact as follows:

SECTION 1. There is added to subsection 2 of section 1897a a new paragraph to read: (Section 1897a. 2) (e) For any or all of the purposes specified in section 1897, whether by retrocession, reinsurance, or direct insurance, provided there be maintained separate and distinct reserves in trust for each kind of insurance so written.

SECTION 2. This act shall take effect upon passage and publication.

Approved May 7, 1915.

No. 298, A.]

[Published May 12, 1915.

CHAPTER 74.

AN ACT to create section 2024-42a of the statutes, relating to and prohibiting officers and employes of banks from taking commissions on loans and other banking transactions, and providing a penalty therefor.

The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows:

SECTION 1. There is added to the statutes a new section to read: Section 2024-42a. Any officer, director, agent or employe of any bank, or mutual savings bank, who shall for himself, directly or indirectly, take, accept or receive, or offer or agree to take, accept or receive, any commission, fee, compensation, or thing of value whatever, from any person in consideration of the bank, or mutual savings bank, of which he is such of ficer, director, agent or employe, loaning any money to, buying or discounting any note, bond, draft, or bill of exchange from, or accepting any draft for, or issuing any letter of credit to, such person, shall upon conviction thereof be imprisoned in the state prison not to exceed two years.

SECTION 2. This act shall take effect upon passage and publication.

Approved May 7, 1915.

No. 300, A.]

[Published May 12, 1915.

CHAPTER 75.

AN ACT to amend section 2024-30 of the statutes, relating to the reserves to be kept on hand by state banks.

The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows:

SECTION 1. Section 2024-30 of the statutes is amended to read: Section 2024-30. Every bank shall keep on hand at all times at least twelve per cent of its total deposits, of which such portion as the board of directors may determine, may be on deposit in banks approved by the commissioner of banking as reserve banks; cxcept in the case of banks which shall be approved by the commissioner of banking as reserve banks, which banks shall at all times keep on hand at least twenty per cent of their total deposits in lawful money or on deposit in banks subject to the approval of the commissioner of banking, as reserve banks. Cash items shall not be considered as a part of the reserve of any bank.

SECTION 2. This act shall take effect upon passage and pub

lication.

Approved May 7, 1915.

No. 309, A.]

[Published May 12, 1915.

CHAPTER 76.

AN ACT to amend section 2024-9 of the statutes, relating to the powers of state banks.

The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows:

SECTION 1. Section 2024-9 of the statutes is amended to read: Section 2024-9. Upon making and filing of the articles of incorporation the bank shall become a body corporate and as such shall have the following powers:

First. To make all contracts necessary and proper to effect its purpose and conduct its business.

Second. To sue and be sued, to appear and defend in all actions and proceedings under its corporate name to the same extent as a natural person.

Third. To have a common seal and alter the same at pleasure. Fourth. To elect or appoint all necessary officers, agents and servants, define their duties and obligations, fix their compensation, dismiss them, fill vacancies, and require bonds.

Fifth. To make, amend and repeal by-laws and regulations, not inconsistent with law or its articles of organization, for its own government, for the orderly conduct of its affairs and the management of its property, for determining the manner of calling and conducting its meetings, the tenure of office of its several officers; and such others as shall be necessary or convenient for the accomplishment of its purpose.

Sixth. To exercise, by its directors, duly authorized officers, or agents, all such powers as shall be usual in carrying on the business of banking; by buying, discounting and negotiating promissory notes, bonds, drafts, bills of exchange, foreign and domestic and other evidences of debt; by receiving commercial and savings deposits under such regulations as it may establish; by buying and selling coin and bullion, and by buying and selling exchange, foreign and domestic; issuing letters of credit, and by loaning money on personal or real security, as provided hereinafter.

Seventh. Any such bank may take and receive from any individual or corporation for safe-keeping and storage gold and silver plate, jewelry, money, stocks, securities, and other valuables

or personal property; and rent out the use of safes or other receptables upon its premises upon such compensation as may be agreed upon. Such bank shall have a lien for its charges on any property taken or received by it for safe-keeping, and in case such lien shall not be paid within two years from the date it accrues, or in case any property so taken or received by it shall not be called for by the person or persons depositing the same, or his or their legal representatives or assigns, within two years from the date of the accruing of any lien upon the same, such bank may sell such property at public auction upon like notice as is required by law for sales of personal property on execution, and after retaining from the proceeds of such sale all the liens and charges due and dwing and the reasonable expenses of the sale, shall pay the balance thereof to the person or persons so depositing such property, or his or their legal representatives or assigns.

Eighth. To purchase and hold, for the purpose of becoming a member of a federal reserve bank, so much of the capital stock thereof as will qualify it for membership in such reserve bank pursuant to an act of congress, approved December twenty-third, nineteen hundred and thirteen, entitled the "federal reserve act"; to become a member of such federal reserve bank, and to have and exercise all powers, not in conflict with the laws of this state, which are conferred upon any such member bank by the "federal reserve act." Such member bank and its directors, officers and stockholders shall continue to be subject, however, to all liabilities and duties imposed upon them by any law of this state.

SECTION 2. This act shall take effect upon passage and publication.

[merged small][ocr errors][merged small][merged small][merged small]

AN ACT to create section 1727t of the statutes, relating to innkeepers, and providing a penalty.

The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows:

SECTION 1. There is added to the statutes a new section to read: Section 1727t. 1. Every innkeeper shall keep posted in a conspicuous place in each sleeping room in his hotel, in type not smaller than twelve point, the rates charged per day for single individuals occupying such room, and the rate charged for

Such posted rates.

each additional person occupying such room. shall not be increased until notice to that effect shall have been posted, in a similar manner, for ten days.

2. Any innkeeper who shall charge, demand, collect, or receive for such accommodation any sum in excess of the said posted rates shall be guilty of a misdemeanor and upon conviction shall be punished by a fine of not less than five dollars nor more than ten dollars, for each offense.

SECTION 2. This act shall take effect upon passage and publication.

Approved May 7, 1915.

No. 161, S.]

[Published May 14, 1915.

CHAPTER 78.

AN ACT to create section 910 of the statutes, relating to the construction of sewer and water mains and service pipes in villages.

The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows:

SECTION 1. There is added to the statutes a new section to read: Section 910. 1. Whenever the village board shall have ordered the grading, paving, macadamizing or other improvement of any street or part of any street, it may cause water and sewer mains, or either of them, to be laid in any portion of such street so to be improved, after an estimate of the cost thereof, made by an engineer employed by the village, shall be on file with the clerk. Upon the completion of such work the clerk shall file in his office a correct and certified statement of the total cost of such work and thereupon the board may levy a tax for the whole or any part of such cost, exclusive of the cost of street and alley crossings, upon the property adjoining such portion of such street, proportioned to the frontage.

2. Whenever the board shall have ordered the grading, paving, macadamizing or other improvement of any street or part of any street, it may also order water service pipes and house drains or either of them to be laid in such portion of such street at the cost of the property fronting on such street, from the respective mains to the curb line of each side thereof at intervals of not less than twenty feet. The village clerk shall thereupon give notice to the owner of the property adjoining such portion of such street, by publication thereof in some newspaper published in said village for one week or if there be no newspaper published in said village then a copy of such notice shall be

« AnteriorContinuar »