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

and bullion, belonging TO such company, and in
possession, at the time ofmaking the statement.
designating the amount of each;
Ninth-The amount subject to be drawn at
sight, in gold and silver, then remaining on de-
post with solvent specie-paying banks, or bank
ers in the cities of New York, Philadelphia,
Boston and Baltimore;
Tenth-The amount then on hand, of bills or
notes, issued by branches of the State Bank of
Ohio the amoant issued by banks not of this
State;
Eleventh-The amount of balances due from
branches of the State Bank of Ohio, the amount
due from other banking companies of this State,
and the amount due from banks not Of this State,
excluding, in the latter case, deposits in the CT
ties of New York, Philadelphia, Boston and
Baltimore, subject to sight drafts, payable inspc-
Gle;
Twellh-The amount on hand ofbills, bonds,
notes, and other evidences Of debt, discounted
or purchased by the company, specifying partic-
ularly the amount ofsuspended debt, the amount
considered bad, the amount considered doubtful,
and the amount in suit or judgment;
Thirteenth The value of the real and per-
sonal property, held for the convenience Of the
company, specifying the amount of each;
Fourteenth-The amount of real estate, Ia
ken in payment of debts due the company;
Fifteenth--The amount of undivided profits
of the company;
Sixteenth-The total amount of liabilities to
the company by the directors thereof, collective
ly, specifying the gross amount OF such liabili-
ties as principal debtors, an. the gross amount
as endorsers or s%ureties;
Seventeenth-The total. amount of liabilities
to the company of the stockholders thereof, col
Iectively, specifying the gross amount of such
liabilities as principal debtors, and the gross
amount as endorsers OF sureties; which statement
shall be forthwith transmitted to the Auditor of
State.
Sec. 60. Each banking company organized
under this act, or accepting thereof, and comply
ing with its provisions, shall, semi monthly, on
the days designated in the ftty-ninth section for
declaiming dividends, set off to the State six per
cent. on the profits, deducting therefrom the eX-
penses and ascertaincd losses Of the company
for the six months next preceding; which sum or
amount SO set off shall be in lieu of all taxes to
which such company, or the stockholders there
OF, on account of stock owned therein, would
otherwise be subject; and the cashier shall, with
in ten days thereafter, inform the Auditor of
State of the amount so set off, and shall pay the
same to the Treasurer of State on the order of
said Auditor; but in computing the profits ofthe
company, for the purposes aforesaid, the interest
received on the certificates of the funded debt of
this State held by The company, or deposited with
and transferred to the Treasurer of State, or to
the Board of Control by such company, shall
not be taken into the account.
Sec. 81. Every banking company deriving
any of its powers and privileges from this act
may take, reserve, receive and charge on any loan
or discount made, or upon any note, or bill of
exchange, or other evidence of debt, at the rate
of six per centum per annum OH the amount of
any such note, bill of exchange, or other evil
dence Of debt, so discounted, and no more; pro-
vided, however, that interest may be reserved
or taken in advance at the time of making the
loan Or discount, according 10 the usual rules of
banking, or as calculated in ISowlctt's tables;
and the knowingly taking, r~escrving or charging,
on any debt or demand payable to such compa-
ny, of a rate of interest greater than that allow.
ed by this section shall be held and ad Judged a
forfeiture of such debt or demand, but the pur-
chase, discount or sale, of a bill Of exchange
payable at another place than the place of such
purchase, discount or sale, at the current dis
count or premium, shall not be considered a ia
king, r~eserving or receiving interest, provided
no agreement or understanding shall be made
that the same shall be paid at any other place
than that at which twas made payable.
Sec. 81. The total liabilities of any person,
or of any company or firm (ncluding in the LA
bilities of a company Or firm the liabilities ofthe
several members thereof TO any banking COM
pany deriving any of lis powers or privileges
from this act, inclusive of liabilities as acceptor
or acceptors, of BONA fide bills of exchange pay
able out of this State, shall at no time exceed
one-haIf; exclusive of liabilities as acceptor or
acceptors one-ffih. and exclusive of liabilities
on such bills of exchange one-tenth part of the
amount of the notes which such company is au-
thorized to circulate, at the time of such liabili-
ties.
Sec. 6S. No banking company shall, at any
time, pay out on loans or discounts, or in pur-
chasing of drafts or bills of exchange, or in pay
ment of depositors, nor shall it in any other
mode put in circulation, the notes of any bank
or banking company either in or ont of this
State, which notes shall not al that time be re-
ceivable at par in payment of debts, and by the
company so paying out or circulating such notes,
nor shall il knowingly pay out or put in %circula-
ton any notes issued by any bank or banking
company which, at the time of such paying out
or putting in circulation, is not redeeming its
notes in gold and silver nor any notes issued by
any bank out of this State of a denomination
less than five dollars.
Sec. Ga. All notes, bills, and other eviden-
ces Of debt, excepting bills of exchange, dis
counted by any banking company, shall bemade
by the terms thereof, or by special Endorsement,
payable solely TO such company, and on such ev-
idence of debt shall be assignable except for
collection, or for the following:
First-To pay and redeem the circulating
notes of such company.