Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-02-28
IIis BANKING LAW
As Il passed me OHIO LceisiatN ,

Ohio and other banking companies.
al Assembly 'f the State IF Ohio, Thu
1t shall DO lawful for natural Individual
ersOns, not fewer in number, in any case.
than i've, TO associate aud form companies
Tor the purpose Of carrying OH the bust
ness OF banking, each in such lace in
this State as shall be designated in its ar
,icles of association, and in the certificate
hereinafter required to be made, subject.
however, to the contingencies. RESTRICTIONS.
conditions and Liabilities prescribed in this
act.
Sec. 2. The aggregate amount Of cap
ltal Stock of all the companies, authori
'zed by this nc, to be formed aud to carry
on the business OF banking within this
State, shall not, until an additional amount
shall be authorized by law, exceed six
millions one hundred and fifty thousand
dollars; which sum shall not however be
construed 10 include the capital stock oil
81 h companies, as, BY name. shall be au
thorized To continue or resume the bust
ness OF banking subject to the provisions
vi this act.
Sec 3 For the purpose Of securing
To tie several sections OF the State fair
participation in The privileges granted by
this act, the State shall be uivi ed into
twelve districts, and the banking capital
authorized by The second section shall be
appor'ioned among such districts, and the
number of banking companies to be form
ed therein shalt be limited as provided in
this section, that is 10 say:
The counties Of Hamilton, Clermont
Brown, Clinton, Warren und Butter shall
compose the first district in which The
number of banking companies TO he form
eG shall not exceed five, with an aggregate
capital not cNCeedn. one million two hun
dred thousand dollars.
| The counties OF Greene, Montgomery,
Preble, Miami, Darke, Shelby, Mercer,
Allen, aud Van Weri, shalI compose the
second district, in whirh The number OF
exceed 1--we. with an aegr' gate capital TO;
exceeding six hundred thousand dollars
The C, unties Of Putnam, PauldIng, VIII
liams, Henry, Lucas, Wood, and Hancock
shall compose the third district, IN which
the number of banking computes to b.
formed sh II 70, exceed four, Nth an ag-
grcga!e CAPT al not exceeding three hun
dred thousand dollars.
| The counties of Ottawa, Sanduskv,
Erie. Huron. Richland, Seneca, Wyun.
dolle, and Crawford, shall cpmpcse the
fourth disrir', in which the number oi
banking companies 20 be formed s!all not
exceed four, with an aggregate capital no
excee dug four hundred thousand dollars.
The counties OF Ba~din. Marion, Dea
ware, Franklin, Uni n. Logan, Cham.
pall n, Clark, and Madis n, shall compose
the fifth district, in which the number of
banking companies TO b. formed shall not
exceed six, with an aggregate capital no.
exec eding iiyc hGn1red thousand dollars.
The counties of Piokaway. Fayeue.
Ross, ghland Adams, ScioI'. Lawrence,
Gallia, Pike, and Jackson, shall compose
The sixth district. in which the number Of
banking companies to he formed ehull u,
exceed five. with nm aggregate capital not
exceeding five hundred thousand dollars
The county of Meigs, Athens, Wash.
ingtnn, Monroe, Morgan, Muskngum, and
Guernsey, shall compose The seventh dis
irict, IN which the number of banking
companies TO be formed shall not exceed
SIX, with an aggregate capital not exceed
! Ing five hundred thousand dollars.
The counties Of Hooking, Perry. Fair
field Licking and Knox shall compose The
eighth district, in which the number OF
bank ing companies to be formed shall not
exceed four, with an aggregate capital
not exceeding four hundred thousand dol
lars.
The counties OF Wayne, Stark, Holmes,
/ Coshncton and Tusca ray was shall COM use
Tie ninth district, in which the number OF
banking companies 10 be- formed shall MI
exceed three, wnh an aggregate capital
not exceeding Two hundred and fifty lhous
and dollars
The counties Of b lmont, Harrison.
Jefferson, Carroll and Columhiana, shall
compose the T. nth district, 10 which The
number OF banking companies TO be form
cd shall not exceed five, with an aggre-
gate capital not exceeding five hundred
tho sand dollars.
The counties Of Trumbull, AshtabuIa.
Lake, Geauga and Portage shall compose
the eleventh district. in which the number
"i banking ccmpInles to be formed shall
not exceed five, with an aggregate capital
not exceeding three hundred lhpusanl dol.
! lars
The counties OF Summit, Medina, 10
/ rain aud Cuydhogd, shah Compose the
twelfth district. in which the number Of
banking companies Ia be formed shall not
exceed eleven, with an aggregate apilal
not exceeding seven hundred thousand
dollars.
Sec. 1. The number OF banking com
pancs which shall bc formed and permit
Ted 10 engage III the business Of banking
under the provisions Of this actin the
county o. Hamlltoa, shall not exceed four
-In tho county % Cuyahoga, six. ia
the county Of Franklin, three. In the
county o Ross. two In the county o.
Muskingun, wv. In the county OF JET
fers n. lwr In the county OF Summit