Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-03-01

80 uuAl' luc duulES OF tne several
branches OF the State Bank OF Ohio shall
be Enaiy closed up shalI be body cor,
PpraIs. with succession, aud by the
aame OF the S,'Ie Bank OF Ohio, capn
Ole "i contracting and of prosecatina,and
doteuding Ia suIis or actions at law, or
IN choncery, ~ fully IA natural persons,
and Of doing oil o'her acls aud things
neccs:ary 10 eii' CT the object conternplat
I'd IA ths asi by ,ho GrmaIioa OF said
board.
SEo- II. Each member or the board
81 control shall continue 10 Office until
he iir,. Monday of February, next after
his appointment, and until hin successor
shall DO appointed aud qualified; vacan,
cies IN the board shall DE filled BY the
branch. by which tho appointment vscat-
ed, was made; in voting each member
shall be entitled 10 one vote. and 10 one
additional vote fer every hfty thousand
dollars Cf the amount OF notes OF circuln-
non, TO which The branch or branches.
represented by him, is. or are, -ntitl cd,
At tho time ofsueh voting; the president
OF tho board shall hold his Office for one
year, and until hi, successor shall De
appointed. but may be removed by
resolution OF the boe I'd; no shall take an
oath. faithfully, diligently and Impartial
~ to fulfil the du,ie. OF his appointment.
and not knowingly violate any OF the
provisions OF this act he may be re-
CURED TO give bond in such sum, and
with such securities, as tho board shall
prescribe and oil vaea ncies in said ap
Polntmcnt shall be filed by the board.
Sac Is. All notes issued by any
branch, intended to circulate as money,
shall be payable at the branch by which
they arc issued In god and silver coin,
the lawful currency ofthe United States,
or either, al tho option OF the branch, on
demand-they shall be signed by the
president OF the board OF control, coun-
Iersigned by the cashier Of the branch
by which they are issued, made payable
10 bearer, aud shall be negotiable by
d-iivery-all other evidences of debl,
issued by any branch. shall be ncgotia-
hle or transferable in the sumo manner
as II issued by n natural person, and
shall be binding on the branch, whe
Their under seal or not-and all such
evidences of debt, other than notes OF
circulation. shall be payable 10 the order
oi some person therein named
SEC. l9. No branch OF the State
Bank of Ohio, shall al Gny lime, have
In circulation notes in The similtude OF
o'nk notes, 10 an amount bearing u
greater proportion 10 the capital stock OF
sad branch actually paid in, and at the
lime remaining undimnished by losses
lor Withdrawal, exclusive OF its portion
OF The safety iind, than the proportion
hereinafter specified, that is to say:
GA the igst hundred thousand dollars.
/ or any lesser amount Of its capital. not
more than twice The amount f su h
capital.
o. The second hundred thousand Col.
ars, or part thereof, not more tan once
and hall of the amount OF such ca pital
over one hundred thousand.
On the third hun lred h)usand dollars
or part thereof, not more than once and
quarter the am punt Of SUCH capital,
over two hundred thousand.
On the fourth hundred thousand dol
lars, or part thereof, not more than once
The amount Of such capital, over three
hundred thousand; and
On any amount OF capital, over four
hundred Thousand dollars. mot more than
'hree iourths the avn Iunt Of sucn capital,
over four hundred thousand, and on its
portion oil the safety fund an amount e.
quail thereto.
SEC 90 Notes designed for circulation
shall be delivered by the board Of control
TO each branch on a written order sim
ed by The president, and majority of
the directors ofsuch branch; slcn orders
shall be carefully preserved by said board
IN th"lr office; an accurate account of all
the notes so delivered, the amount of
the notes OF each demo nInalion So dcliy
cred, and the date Of such delivery, shall
DC kept by The bDaTd ni control, IN book
or books, 10 be prov 5ed and kept in their
Office at Columbus; all notes so worn.
delaced,or muIllated AS Ia be unfit for cir.
CITATIONS all be returned by the branch
by which they were issued, to the board
OF control, and an equal amount ofnew
notes received therefor; all such notes
SO returned by branch. shall be cred.
ted, and all new ones delivered i'm their
stead shall be charged TO such branch. ON
The books Of said board and The notes SO
returned shall be burned to ashes. in
he presence of the president, and nj
least two VI The me mbers OF tae said
board.
SIC II Before the bnardof control shall
deliver 10 any branch, notes for clrcula-
ton, they shall require such branch Ia
pay over or deposte to the credi, Of
I'd board, Ps said board shall order
either IN money or in certificates Of the
stocks oI this State, or Of the United
Siaies,1t their current value IN the city of
New YORK, hut in no instance above heir
par value, an amount equal to ten per cent
on The amount Of the notes Of circula
non, which shall be delivered to su.h
b anch. And so from time to time. os
any branch may, by the payin, in OIL
an additional amount on It's capi al stock
or by not having received the amour,
OF notes for circulation to which # WIS
previously entitled BE- nutLor;zsd q, Il.