Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-02-28


hcreinaitor appointed, shall reduce such
number TO the number in This section lin.
ted, IN conformity to the rules prescribed
III the eleventh section OF this act.
See. 3. To carry into effect the pro-
visions ct this act, John w. Allen, Joseph
Odds. Daniel kilgoro, Alexander Grimes,
and Gusiavu> Swan, shall be and they are
hereby appointed comm,s sioners, and ihcy,
or majority at them, after taking an oath
diligently, faithfully and impar,islly to
perform the duties assigned them by this
act, certificate Of which oath shall be
filed and carefully preserved in the olfice
oi the Secretary OF State, shall constitute
u board To be es,gnatvd the board Of bank
commissioners, which board shall continue
Tor one year IRON the date Of his ac;, and
thereafter tie duties " hich they are To
CURED, by tins nct, 10 perform shall de.
volve Oh, and DO performed hy the AUDI
tor, Treasurer and Secretary OF STATE.
who shall be commissioners to- perform
such duties; and If any Of said commits
sloners shall refuse t serve, shall de, or
resign, his place shall. he filled by the
General Assembly, by joint resolution, if
IA session, and, il not. by the Governor.
Sec. d. Said commissioners shall meet
in the city OF Columbus, at such time,
vi hin hirty days after the passage Of this
act. as st" II be appointed by the governor,
who shall UotIly each member Of his ap-
pointn,n', and of the time and place of
meeting; they shall. when met. appoint
one Of their number to be their president,
who shall, under the order of the board.
IS,n nj n,.a.. al Il Il
shall cause fair AMI true record of all
their official proceedings 10 be kept in a
book 10 be provided for that purpose.
Sec Z. Persons assocIa,ing 10 form a
banking company, shall.under heir hands
and seals, make Il certificate which shall
specify
FrSt-The name assumed by such
company, and Ivy which II sh,ll be known
in ils dealings, in which name shall be
; included the name OF the c,ty, village, or
town. in which its banking operations
sha | be carried on;
Stcond--The amount OF the capital
stock OF such company, aud the number
ot shares into which The same is divi-
ded;
Ihird-Tho name and place Of resi-
each member OF the company;
Fourth The time when such compa-
ny shall have been formed;
FIM-'That such company has elected
TO carry on its operations as an inderend
) ent banking company or, us &" branch oil
The State Bank Ohio" as the case MAY
be which certificate shall be acknowl-
edged before justice of The peace or no.
,ary public, ana sha ii 10 recorded bv ll,
recorder OF the county where such COM
: pany is l. b. esta blished, in n DO k TO b,
kept By him tIr that purpose, which shall
AT al times during office h Juis be kept o.
pen for The inspect, n OF any person ish
ing 10 ox anime the slnt; one copy OF
which certificate duly certified shall b.
t an miucd % the ) cre,ary Of State, " no
shall record and car'flly preserve III,
same in his Office, and another 10 tn,
board OF bank commissioners.
!. SEC. 8 No company shall be per
init ed 10 commence or carry on the bus
mess Of banking under the authority OF
This act, as branch Of the State Bank OF
Ohio, unless lis capital stock shall be at
least one hundred dollars, nor az an in
dependant blnking company unless lis
capital shall be at least fifty thousand
dollars. nor in either case shall the cap
lal stock oi my such company exceed
live hundred thousand dollars, provided
however, that The certificates OF the fund
81 debt OF This Stale, or OF tho United
States, deposited with tho Treasurer of
State as collateral security for The re
demp:ion ofthe notes of circulation OF
any independent banking company shall
not be deemed part Of the capital stock
of such comp ny within the meaning o!
this act. Al least thirty per cent, OF the
capilpl stock Of each company shall be
paid in gold and silver coin, or their
equivalent. one half Of which, thirty per
cent, AT leasi shall BE- in gold and silver
com, and shall be in the actual possess
on and bona fdo the property OF tae
company at the tiwe Of the commence
ment of lis banking business, and at the
place dcsigDMcd for carrying on such
business, and the rem inder of the CAPT.
tai stock Of such company shall be paid
IN, Ill inatillments each Of ut least ten
per cent, on the whole amount 10 which
the company is limited. as frequently
one Instellmeut ut the end of zach sue
cecIing ninety days. from the date o
the commencement OF is banking opera
tons, un i the whole amount Of capita
stock is paid IN. but when any bankn.
company formed under the provisions o
this act. shall have pid in at east SKY
per cen um on the gross amount of ii,
! capital stock, and shall deem further
extension Of it's capital at such time un,
necessary, such company may, il ;
branch OF the State Bank Of Ohio, appl,
to the board Of control, or, i: an indie
p'ndent banking company, 10 the Cover
nor for an extension Of the time for pay
> ing IN the remaining installmeals on it
capital stock, and il, ai:er careful ex
T. aminItion OF the facts, the board Of CON