THE

LAWS OF WISCONSIN

PASSED AT THE

ANNUAL SESSION OF THE LEGISLATURE OF 1882.

TOGETHER WITH

JOINT RESOLUTIONS AND MEMORIALS.

PUBLISHED BY AUTHORITY.

MADISON, WIS.:

DAVID ATWOOD, STATE PRINTER.

1882.

367025

LAWS OF WISCONSIN.

[No. 1, S.]

[Published January 27, 1882.]

CHAPTER 1.

AN ACT to amend sections 2010, 2011 and 2012 of the revised statutes, relating to mutual loan and building societies.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SECTION 1. Section 2010 of the revised statutes is Amendment. hereby amended by inserting after the word "of," in the third line of said section, the words: "Not less than twenty-five nor more than," so that said section shall read as follows: Section 2010. The capital Capital stock. stock of any such corporation shall not exceed five hundred thousand dollars, and shall be divided into shares of not less than twenty-five, nor more than two hundred dollars each. If any such corporation, heretofore or hereafter organized, shall have a capital stock less than the sum of five hundred thousand dollars, it may, in the manner prescribed in section one thousand seven hundred and seventy-four, increase its capital stock to any amount not exceeding the limit hereinfore fixed. But the resolution proposing such increase must be offered at the regular meeting next preceding the meeting at which the same shall be voted upon; payments for such stock shall be made in installments Installments, not exceeding two dollars each, on each share, at such how paid. time and place as the by-laws shall prescribe; and every share of stock shall be subject to a lien for the unpaid installments and other charges incurred thereon. The by-laws shall prescribe the form and manner of enforcing such lien. The stock may be issued in one or How stock is more successive series, in such amount as the board of directors or the stockholders may determine, and new shares of stock may be issued in lieu of shares with

issued.

drawn or forfeited. Any stockholder wishing to with- How stockholddraw from the corporation may do so by giving thirty era may withdays' notice of such intention, and shall then be entitled to receive the amount paid in by him and such. proportion of the profits as the by-laws may prescribe, less all fines and other charges due such corporation;