The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1851-04-17

posted with, or collected by such company;
Third-On account oil bllls Of exchange or
drafts, drawn against money actually paid
in deposit to the credit Of, or due 10 such
company; Fourlh-Liabilitles 10 lis stocG
holders, on account OF mondy paid in on cap
llal stock and dividends thereon. Il
SEc. II No banking company shall, ell
ther directly or ind reclly, pledge, hypu'ne-
cate, or exchange, any OF IFS notes 81 CIT
c%ulalion, for the purpose Of procuring mon
ey to be paid on It's capital stock, or 10 DC
used 10 lis ordinary banking operations OF
for the purpose Of purchasing stocks 10 De
deposited with the Auditor ofStaie' nor,shall
any banking company apply or permit 10 %
| applied, hypothecnted, or pledged any Por-
ton of it's capital stock, to the purchase Of
certificates Of stock, 10 be deposited with
the Auditor of State. as collateral security
far the redemption OF It's notes Of circulation.
SEC. -. No banking company SHALL dur
ing the time it shall continue It's operations
as a bank, withdraw or permit to be with
drawn. either in form Of dividends, loans, 10
stockholders, for a longer period oftime than
SIX months, or in any other manner. any
portion of It's capital stock, and if losses
shall any time have been sustained by any
banking company equal to, or exceeding It's
undivided profits then on hand, no dividends
shall be made. and no dividend shall ever be
made by any banking company, while II shall
continue its banking operations, 10 an a.
mount greater than lis net profits then on
hand, deductlng theretrom IFS losses, bad
aud suspended debts, and all debts due 10 II
banking company, On which interest is past
due aud UNPAID for a period OF SIX months,
unless The same shall be we'll secured, and
shull be in process Of collection, shall be coll
sidered bad or suspended debts within the
meaning Of this act.
SEC. %. The directors Of each banking
company, shall semI-annually, on the first
Monday in Muy and November, declare u
dividend Of so much ofthe net profits OF the
company, as they shall Judge expedleni, aud
on each dividend day, the cashier shall make
and verify by his oath, u full, clenr& accurate
statement Of the condition of the company as
1t shall be on TINT day, after declaring the
dividends, and similar statements shall also
be made on the first Monday in February
aud August, in each year, which statement
shall contain, First-The amount of the cap
ital stock actually paid in, and then remain
ing ~ the capital stock OF the company.-
Second-The amount Of the bills or notes OF
the company then IN circulation, specifying
the amount of each denomination Third
The greatest amount in circulation at any
time since tue making of the last previous
statement, as shall have been exhibited by
the weekly statements of the cashier, speci-
lyinr the times when the same occurred
Fourth-The amount of balances and debts
Of every kind, due 10 other banking compn-
MES Of the State, and the amount due to
banks not Of this State. Fifth-uhe amount
due to dcpositurs. Sixth-The total amount
of debts and liabilities of every description,
aud the greatest amount since the making OF
the lust previous statement, specifying the
the time when the same occurred. Seventh
The total amount OF dividends declared on
the dry of making the statement. Eighth
The amount of gold and silver coin, and bull
lion belonging To such company, aud IN lis
possession at the time Of making the state
menl, designating the amount of ench.
Nlnth-The amount subjectto be drawn ut
sight, then remaining on deposit with sol
vent specie paying banks or bunkcrs, IN the
cities ofNew York, Philadelphia, Boston and
Baltimore. Tenlh-The amount then on
hand of bills or notes issued by other banking
companies OF this State, and the nmoui issu-
cd by banks not 0fthls State. Eleventh-'The
amount Of balances due from other banking
companies of this State, and The amount due
from banks not of this State, excluding in the
l.,,o. o,a, I,nosi,s IN tho pIilnG az NnVu
J York, Philadelphia, Boston and Baltimore,
subject to sight drafts payable IN specie
Twelllh.-The amount on hand ofbIlls, bonds,
notes aud other evidences o fdebts discounted
or purchased by the company, specifying pnr-
t~iculnrly the amount of suspended debt, the
amount considered bad, the am0Lnt consid-
cred doubtful, and the amount in suit or IN
Judgment. Thirieenih-The value Of the
real and personal ptoperty held for the con
venlence of the company, specifying the u
mount Of euch. Fuurteenth-The amount ut
reul estate taken in payment OF debts due the
company. FlIleenth-The amount Of the
undivided profits Of the company. Sixteenth
; The total amount of liabilities to the com
r pany by the directors thereof collective
ly, speclfyn ing the gross amount OF such
! liabilities as principal debtors, and the
/, gross amount as endorsers or suretles. Sc
venlcenth-The total amount OF Liabilities
of the company of the stockholders thereof,
collectively, specifying the gross amount OF
such liabilities, as principal debtors, and The
gross amount as endorsers OF suretles, which
statement shall be forthwith transmitted TO
the Auditor of State.
SEC. "a. Every banking company deriving
any of It's powers aud privileges from this
act, may luke, reserve, receive. and charge
on any loan or discount mnde or upon any
note or bill Of exchange, Or other evidence
of debt, at the rate Of six per centum
per anunm On the amount of any such
note, bill of exchange, or other evidence
of debt, so discounted, and no more; proVl-
ded. 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 Row
let's tables; and the knowingly taking, re-
serving, or charging on any debt, or demand
payable to such company of rate of interest
greater than that allowed by this section,
shall be held aud adjudgcd a forfeiture OF
such debt or demand; but the purchase, dis
count or sale of u bill of exchange, payable n,
another place than the place.of such purchase,
discount, or sale at the current rate Of dis
count or premium, shall not he considered u
taking, ieserving, or receiving interest; pro.
vlded, no agreement or understanding shall
be made thul tho same shall be paid at any
other place than that at which it is made
payable.
SEC. 70. The total liabilities of any per
son, or company, or firm, including in the
liabilities Oft company or firm, the llobili'ieI
Of the several members thereof, TO any bank
Il ,n,. an,un, h..,,, .ntknrionl inrlneiun a.