The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1851-04-30

N4t49 ~ sulo uT aiiFet Soia ehu euaHt W COS
0fsueh Rensul suspens6s, havs given IhFsi
weeks nOlisa Of such reanmplion N on,
Newspaper IN general eiEculali6n in the eoun
~ ShsSs lhe principal Office Of such banking
company is located, and ia one newsp.pe
published 10 The ctr of Columbus; troSided
fhai nothing in this sel eOnlaiaed, shall b,
Construed 60 as 10 suih0rizsa c0niinuanc,
ufbanking hasinsss under this oct, after IN,
year l672.
Sec. -. This president ssd cashier of every
eSmPaRy formed pursuant to the provisions
ofIhis act, shall AZ all LINES keep airus and
correct ilsi nf the nanses Of all the sharchul-
dora Of such comPany, snd the amount ol
stock owned By each. and shall fife n copy
afsuch list in The Office Of the recorder of The
csanty where any Office OF such company
may be located, snd also ia The Office of such
company, and also 10 the office Of the Audi
sof of State, ia the m0nlhs of January aud
gais, in every year,
Sec. Al. No banking COMPANY shall
commence tho business Oi banking under
Hhis ACT, until such company shall have de-
posted with ine auditor the securities requ-
red By law equal in amount to sixty per cen
sum Of the capital stock o. such banking
company. -
See. As. No banking company, as such,
shall issue or put in circulation any circulA-
ting note OF notes OF said company, unless
the same shall be made payable gu de'Aaud
snd without Interest; aud every violation o.
ahs section, by any officer or member OF a
baakIeg company, or any officer or agent
thereof, shall be deemed and adjudged ms.
demeanor, punishable by 6ue ur lmprison-
Enens, or both, in the discislion OF the cuurl
.hlviag cogalZ ince thereof; each bank esiah.
Iishsd by virtue of this act, shall be subject
tO the provisions OF s.an act 10 restrain bauks
from taking usu ry," passed March 10,
1850.
Sec. 46. II any bank or Banking company,
shall puTchsse. buy Ia, or take up directly Of
Indirectly. any of their circulating notes ol
an amount less than what is due thereon, nil
the stockholders q: any such bank or bank
ing company, shall be liable in their indiyd-
val and IN lheif corporate eapaci,,, fnr oil
aum OF sums for which any such circulating
bills % notes shall be SO purch aseo, below
their par value, aud any interest that may at
the time be due thereon. together with iwen-
" 1--WE per ceLtuns penalty upon all such sum
or snIns.
Sec. AZ. All laws now in lorce which
aFs applicable TO tho banking companies
herein authorized, aud which conflict with
the provisions Of this act, are repealed, so
tar no the salas may be applicable to the
banking companies herein authorized.
JOHN +. MORSE
Speaker Of the House Of Representatives.
CHARLES c. CONVERS.
Speaker Of The Senate.
March 2l, 1851.
mo. 4sl
To lnx Banks and Bank md other Stocks the
same as other property is now taxable BY the
laws OF this Staie,
See. l.. BE IL enacted by the Geaerd As
sembly Of the Ssote Of UAlo, Thni it shall be
she duty Of the President aud Cashier Of
each aud every banking institution ncorpp-
Tslsd by the laws of this Stale, aud having
the right to issue bills or aoses for circulation,
al the time gm listing persousl properly uu-
der the laws of this Siaie, 10 list the capital
aEork Of snch banking instiiu ion, under ia Ii,
aa Ha true value ia money, and return the
aame. With the amount of surplus and cnntin.
gent fund belonging TO such banking nsti>
tutf0n, 10 the assessor Of the township or
ward in which such baal ing institution is
located; and the amount SO returned, shall
he placed nu ihe grand duplicate Of the pro-
per county, aad upon iae city duplicate for
city taxes, ia cases here such city tax's
does not go upon the grand duplicate. hut If
collected by The city offit els, aad taxed for
the ss.ne purposes, aud 10 the same extent
that personal property is or may be required
90 be taxed, ia the place where such bank is
located; and euch tax shall be collected and
paid over in the same manner that taxes 0n
other personal property are required by law
to he collected and paid over; prosided,
however, that the capital stock Of Any bank
shall not be Feturned OF taxed for less a
maans than iis capital stock paid in.
Sec. 2. Each assessor ct any township
or ward. within the limits OF which sny bank
as banking company may be located, shall, in
ease any Presideat or Cashier 0f snch bank
~ banking company, shalt refuse or neglect
10 make ual and deliver 10 the assessor the
statement herein required. enter as the amour
III eapitaI, so per cent. in addition 10 the a.
nsoaat of The capital stork Of said bank or
banking company, and shall ielura the same
10 sIss coanay aadiior, or 10 such other officer
as The lac regulating his duties mny require
provided, ihss "a cases where city taxes are
assasssd and collected by tbe city aatboriies,
the taxes upon banks as provided for ia this
acs. shalt be assessed and collected the same
~ city taxes upon other property, for the time
being, ars assessed and collected IN such
city.
Sec. 8. The Ohio Life insurance and
Trust Company shall be taxed upon its cap
Isal stock, loaned in the seve,sl coun,ies,
wlish skail be returned bY the President OF
Cashier of the Company. under oath, 10 the
eeses,l county sadi,ers, 10 the mouth of
Nay, aDnualIy, the average rate per cent. Of
lha taxes Tor all purposes levied upon The
sssi and personal property Of such counties;
and IL the said Company shall fail to return
10 the andiior Of the aeseral counties. the n
aaoun af hs capital stock loancd in each
cou.ty, beeess the 6rst day of June, ann,Isl-
~. the county aHdHSr shall ascertain fon
sha record Of mortgages or other evidence,
shs amount u the loans made By said COM
vaay ia his county, and be shall place the a.
.naaas 90 returned, or ascerained, upon tho
dapl,caie. and levy aheseou the asSiage rate
~. -. ..a.s saf ah.. amwam levied Far ali aur