Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-03-01
fc1NIINUED.l

Sc. IL. After the cod OftWo wears
from IN, dHe OF ih.,8ct any banking
company formed ia anv district ras,
increase its c1rttai stock 10 any
mlani uJt exceeding hyo hundred ,hou.
sand dollars, nos exceeding me amount
oi capital assigned 70 each dis.f and
remaining inappropriate; aud IA case
more than one banking company chat
apply for al increase q. ia capital STOCK
and tho amount OF Tho proposed iaereass
shall exceed the whole amount OF Gu pi-
tai unappsoprlateJ Ia such district. then
the commissioners shall assign such
unapProprIaied capital equally TO The
companies demanding the sams, bu, any
new company formed in any county,
having no banking company in the same,
shall be preferred al any time before
such capna' Is finally appropriated
IN RELATION TO THs STATE BANK OF ono
SEC. ID. Whenever, from an 10 d,
specuon 1.-The certificates trans ,nittsd
by banking companies 10 The board of
bank commissioners, i, shall appear that
any numb"r OF said companes. not loss
than seven, inclusive OF such existing
companies as are bY this uci espsci sliy
authorized TO resume or continue bank-
Ing operations under its provisions, have
made their election 10 transact rheir
banking operations as branches of the
Stale Bank Of Onio. and have complied
with the requirements OF ihis act, pre-
Hnnaiy 10 the commencement OF bank
ing operations, tIen SAID commissioners
shhl I'm nedIste.y notify each OF said
companies thereof. aud within ten DAYS
after receiving such notice, they Shall
each appoint, in such manner as the
directors thereof shall prescribe, one
person TO be a me.nber OF the board OF
control OF the Safe Bank Of Ohio: and
any tNo or mole of such banking cons
panies may unite IN he Appointment oil
he same person. Bus no person who
Is rot Al cnizen OF tho United States, and
resident OF this Stale, ana who has
not resided within this State al leas,
two years next previous TO his appoint
nent, shall DC a me nber OF the board OF
control.
SEC Is The members orthe boa I'd
OF control, who shall h ave been appoint
ed, agrceably 10 the provisions Of The
next pre- ;edlng section, shall meet in
Toe citN OF G1tinOIS, al such tine IA
shall be design ued by the boa ID of bank
comm iSoion Is, who shall give ten day:
Prevsous notice 10 each branch oil III,
lime OF slch meeting; they shall each tax,
IN oath diligently, faith 'uily aud impar
TALLY 10 perfnrm Tho duties imposed or
'han by his ACT; "a ceri;fcat. Of which
oNh shai! be e land preserved in III,
ONCE OF The Secretary Of State The,
snail organlz", provide two thirds oil
The Whole uum2er shall he convened b,
r"c'ing some suitable person as Presi
d'ni. wh'se duty il snail DC o preside. u
me.t n = oil the board, and sign its off
c'ni documents; they shall appoint sec
Tetsry who shall keep a fair and irue
record OF the procce ings OF tho board.
hey shall keep. an Office in The "
oil Columbus, which TO gctler with
the'r, b1ohS, papers. records and
accounts Of every description, shall
at all HneS, % open To- he inspec-
ton OF any commit ee OF the General
Assembly or either lranch thereof, and
OF any commission or commissioners
especially appointed Cor that purpose by
the General Assembly, aud OF any per-
s,n appointed b. any ons OF he b aches
they shri procure ald furnish each
"ranch with NOES for circulation. and
decide on The amount 90 be furnish
from line 10 time 10 each, within the
Jni,s. and agrccably To- the rules and
RESTRICTIONS prescribed by this act
Iney may prescrlbs rules for tho settle
IN ut OF balances between the branches.
inree inIrths of the votes given. accord
inI 10 the ru ofvotins herein Pre- sc b, d
concurring. They shall have power.
bv the nseives. or Dy a co nmillce of one
or more members OF thpI, own b arI, or
~ spccl agent appointed by thenI
Tor that purpose, whenever, and as often
a. hey shall think proper. to visit an
branch, inspect It's books, records aud
accounts, and all the ev,1.nces Of debts
due to,an securities held by such branch
examine and ascertain the amount oil
money and other property held by such
branch; examine on oath the president
directors, cashier, and all o,hcr officers
agents, clerks or servants OF the branch,
touching Of is condition, m ,tns and
Liabilities, They shall have power 10
require any branch 10 reduce It's cir u
a:ion or other liabilities wi,hin such
limits as they shall, after full inquiry
INTO It's CONDITION.. deem necess arr tc
secure from loss either tho dealers witt
SUCH br1nch. or tho her benches Of {
State Bank Of Ohio. They may require
the officers Of each braf ch to make Out
under oath, AMI transmit To tho Office o
said board, at Columbus, sta.emen
the c. njilion thereolin such form ms suct
board shall prescribe, and as freq emily a,
they shall deem proper, which statement,
shall be recorded 10 a book or books tc
be KEPT Tor that pa pose. They may
appoint az exscui committee Of no
less ihan i've. Of whom the pre- idenl
shall be one, 20 net In behalf OF the boa r,
10 all such Cases, md perform all such
du'le as shall De perscrIb by the by.
laws OF said board, not Inconsistent will
this act
Sac ~ rsa.,