The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-03-12

The surplus properly Of said bank, undivided and
on band, provided that each of the banks named
IN the preceding section shall be allowed TO Gil
up lis capital stock by new subscriptions or 9th
erwlse, 10 the amount authorized by the law Gre
ating The same; aad provided, further, that the
bank Of Xenia, and The bank of Sandusky, shall
be authorized 10 receive subscriptions TO the ca-
pital stock of their respective institutions, TO any
amount not exceeding one hundred thousand
dollars, IN addition to The amount authorized byI
their respective acts Of incorporation.
SIC. II. That before any banking institution
named in the sixty.ninth section of this act shall
be entitled TO enjoy The privileges in this act
granted, il shall deposit, with the proper board,
the amount Of safety (snd required by this act;
and every such banking institution shall. when
ever seven or more institutions shall have been
formed for that purpose, including those desig-
mated by name in this act, that may have acccp-
led and complied with its provisions, become,
and thereafter be considered, a Branch OF the
State Bank of Ohio; and, as such, enjoy all the
rights and privileges, aud be subject TO all the
liabilities and restrictions provided for in the
same; provided, that any of the banks named in
the sixty-nintn section of this act, may, after ex-
animation and report, as provided in the next pre-
cedlng section of this act, elect TO become an
independent bank; and upon compliance with
the rules and regulations prescribed for the go
vernment of Independent banks, as far as may
be applicable, such banking company shall be en-
titled 10 all the privileges, and be subject TO all
the restrictions Of this act.
SEC. II. That whenever any branch Of the
State Bank of Chic shall desire to close the bu-
siness of such branch, and withdraw the capital
thereof, it may be lawful TO do so with the con-
sent and under the direction of the board of con-
troll, but not otherwise.
SEC. 70. Tho commissioners appointed by
the fifth section of this actshall each be entitled
10 receive two dollars for each day actually chi
ployed, and the like sum for each fifty miles they
shall travel in the performance of the duties con-
Joined on them by this act, which compensa lion
shall be paid out Of any moneys in the treasury
not otherwise appropriated, on the order of the
Auditor of State; and the Auditor shall assess
an equal portion of the amount so paid, on each
banking company that shall have avaiIcd itself Of
The privileges granted by this act; and each spe-
cial agent appointed by SAID commissioners TO en-
anime and report the condition Of any company,
as provided in the tenth SECTION, shall receive the
same compensation as is allowed to a commits
sioner for his services, WHICH shall be paid by
the company whose condition he was appointed
10 examine.
SEC. "a. Whenever, by the terms of this act,
it shall be required to publish notice in a news
paper OF any particular county, and there is no
newspaper at such time printed in such place, a
notice printed in a newspaper OF general %circula-
ton i'll such county for the time required, shall
be considered as sufficient notice; and whenever,
ito comply with the provisions of this act, an oath
is required, an affirmation shall, in all such cases,
be considered a sufficient compliance with the
same; and Whercverthe term funded debt is used
in this act, as applicable to the debts of this
State, it shall be construed 10 mean all debts of
this State due upon certificates of debt on State
bonds, and drawing not less than five per cent.
per annlm interest.
SEC. rs. The act entitled "kn act TO rcgu-
late banking in Ohio" passed March 7, 1912,
and an act entitled Gan act TO amend the act en-
titled an act 10 regulate banking in Ohio,'' passed
February 81, lS43, are hereby repealed; provi-
ded, that the Bank of Sandusky, the Lafayette
Bank of Cincinnati, the Bank of Xenia, the Bank
of Wooster, and the Bank of Norwalk, shall be
subject TO all the provisions of their respective
original charters, and all amcndatory acts rela-
ting to The same respectively, not heretofore or
by this act repealed, until they respectively con-
form TO and accept the provisions of this act; pro-
vided, further, that nothing contained in this act
shall be SO construed as TO permit any of the
banks of this State to issue notes of less demo
mination Than five dollars, except such banks as
shall accept Of and comply with the provisions OF
this act.
JOHN M. GALLAGHER,
SPeakcr Of The House Of Representatives.
DAVID CHAMBERS,
Sneaker of the IHcnntc-