Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1843-01-24

Y snall produce, annexed TO his proxy, ar
7 affidavit Ofsuch stockholder, stating tbt
J same facts TO which the oath Of sucl
; stockholder might have been required up
: on challenge, had he offered TO vote in
person on the shares mentioned in such
proxy, and if any person, offering to vote
, upon aproxy, shall be challenged by an
elector, he shall take the following oath
or affirmation: you do solemnly sweal
Tor affirm that the facts stated in the
affidavit, annexed 10 the proxy, upon
which you now Offer to vote, are true, ac-
cording to the best of your knowledge
and belief And if any person, duly
challenged, shall refuse to take the prop
J er oath, his vote shall not be received al
that election, and all such elections,
whether annual or special, shall be open
ed at twelve o'clock tat noon), and kept
open at least two hours, and not mole
than four hours, and every such election,
except the FIRST, shall be held at the bank.
ing house of such bank.
Sec. 5. The stock, property; and gen.
eral concerns Of sdch bank, shall be
managed by said board Of directors, a
majority Of whom shall be quorum for
the transaction of business. They shall
have power to make all such bylaws as
may be deemed necessary for the proper
management Of the affairs of such bank,
not being inconsistent with the laws Of
this State, or of the United States, and
the same to alter or change at pleasure,
provided, that no bylaw, once established
shall be altered or annuled, unless two
thirds of the whole board of directors
shall concur therein, at some regular
meeting Of their board. They shall e.
lect one of their mber, by ballot, to be
the president of said bank, and shall ap>
point the cashier, and such other officers
and agents of said bank as they shall
deem necessary, and may remove and
change them at pleasure, and may allow
them such salaries and compensation as
to said directors shall seem reasonable
They shall fill all vacancies that may
happen in their Wn body, and may re-
quire Of their officers and agents such
security as they may think proper for the
faith full performance of their duties.
Sec. 7. The capital stock Of every
such bank shall be divided into shares
of one hundred dollars each; and no such
bank shall commence the business of
banking until the whole amount Of its
capital stock shall have been subscribed
and actually paid to such bank, in mons
ey, as permanent Investment, in good
faith, for the business Of banking, and |
not to be removed from such bank; nor
shall such bank be entitled to receive
from the State Register any notes or bills
for circulation, as hereinafter provided,
until the capital stock, 50 paid in as afor-
said, shall have been examined and as>
certained to exist, in good faith, as the
capital of such bank, by the bank COM
missioners,Iand said bank commissioners,
after being fully satisfied that such bank
has complied, in good faith, with all the
terms and conditions above mentioned,
and with the terms of the act creating it,
shall make out the duplicate certificates
thereof, one of which they shall trans.
NIT 10 the State Register, and the other
shall be delivered 10 the president of such
bank, and, on the presentation Of such
certificate 10 ;he State REGISTER and not
before, such bank shall pc vested with
all the privileges, an6 SUBJECT 10 all me
conditions and liabilities OF this act and
shall be entitled to receive from sad
State Register, bills or notes in blank'to
circulation, equal in amount to its csPl-
tai stock, OF such smaller amount as such
bank may require, and when the same
shall be duly executed and signed BY the
officers OF said bank, in the manner re-
quired by law, TO make them obligatory
prOmis'Ory notes OF such bank; payable
on demand, may loan and circulate them
as money.
Sec. q. L shall not be lawful for the
officers, or directors OF any such bank,
Firat---T0 make diVidAnda eYcenf fr0Tn l.