Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1843-01-24
ces Of debt, issued by such other corpora.

money pald Oy him on his stock.
SeveEth-To permit any stockholder
TO become liable, in any form, to such
bank in greater amount than three
fourths ofthe capital stock k.OWned by such
stakeholder in such bank, and actually
possessed by him, unincumbered.
Eighth-To loan 10 any one individu.
al, whether stOckholder, director, or 9th.
wise, upon any note, or other evidence OF
debt, or TO any firm, or 10 any one or
more individuals. comprising 4 firm,
in the aggregate, or to permit
any individual, or firm. or indi.
Viduals comprising a 6rm, in the ag-
gregate, to become indebted, or in any
manner liable 10 such bank, at any one
time, to a greater amount than in the fol-
lowing proportions:
I. If the capital stock Of such bank a.
mounts TO no more than one hundred
thousand dollars, then such liability shall
not exceed the sum of eight thousand
dollars;
2. If the capital stock be over one hun.
dred thousand dollars, then such liability
shall not exceed twelve thousand dol
lars;
| 3. If the capital stock be over three
hundred thousand dollars, and not exceed.
ing five hundred thousand dollars, then
such liability shall not exceed the sum
of fifteen thousand dollars;
4. And if the capital stock be over FIVE
huhdred thousand dollars, then such liza
bility shall not exceed the sum of tWen-
ty thousand dollars;
Ninth-TO loan money to any presi.
dent, cashier. clerk, or other subor din
ale officer of such bank, or to discount
or purchase any note or other obliga.
tion, for the payment of which any such
president, cashier, clerk, or other subor-
dinate officer shall be liable,
Tenth-To sell or export any of its
gold or silver, so as to reduce the amount
remaining in such bank below one-third
the amount of its circulation; nor shall
any such bank employ broker to trans
act any business in this State, or be con.
cerned in any way with any broker in the |
brokerage business.
Sec. o. ANY president or director of
any such bank, Gonsenting to a violation
of any Of the provision contained in the
next preceding sectien Of this act, shall
be deemed guilty Of a misdemeanor, and
on conviction thereof, shall be fined in
any sum not exceeding two thousand dol
lars, nor less than two hundred dollars,
and be imprisoned in the cell or dungeon
Of the county jail, and fed on bread and
water only, not exceeding six months,
nor less than one month, and shall, more
over, be liable to such bank for all DANA
ges arising therefrom.
Sec. 10. 1t shall not be lawful for any
person, being president, cashier, clerk,
Or agent of any such bank, or who shall
be in any way concerned or interested
in the management of any such bank, TO
discount, purchase, or make Any loan up,
IN any note, bill, or other evidence Of
lebt which shall have been offered to such
bank for discount, and refused; and eve-
y such note, bill, or other evidence of
lebt go discounted or purchased, or up
in which any loan shall have been made
oy any of the persons aforesaid, knowing
hat such note, bill, or other evidence Of
lebt had been so offered for discount, and
efusad' shall be utterly void, and the
person offending herein, shall forfeit and
,ay to any person who may sue for the
ane, the amount Of any such note, bill
,r other evidence ofdebt, 10 be recover
ID by action Of suit, in any court of CON-
,st4nt jurisdiction. II
Sec. ii. ANY president, cashier, diIec. t
or, officer, or agent of any such bank, :
who shall embezzle, or fraudulsntly con. I
1ert to his own use. or secrete any ef- ?
'ects Or property belonging to any such d
bank, or commit any breach of trust, with '
lhe intent to defraud such bank, or any /
persons having deposits therein, shall be I
deemed guilty of misdemeanOr, and, b
upon conviction thereof, shall be imPris p
ioned in the peNitentisry, and kept at C
hard labor; not more than ten years, nor Q
less than one year. tt
Sec. IL. No such bank shall, at any one n
lime, owe, otherwise than to depositors, ii
for money actually deposited and remain, p
ng in such bank, more than one ano b
! half times the amount ofthe capital 81
stock: and the loans and discounts OF 81
such bank shall not, at any time, exceed 81
twice the amount Of capital stock then
actually possessed by such bank; and all o
loans and discounts over such amount S
shall be null and void, and the directors il
consonting TO such excess Of loans and 81
discounts, shall be jointly and severeally n
liable to such bank for lall damages ari~ c.
sing to such bank from such excess. N
See. Is. On the first Monday Of JAN y
uary and July in each year, the board o. q
directors shall make and publish suce .;
dividends resulting from the ProhtS' io'