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

~ SIC. ~. All notes. Oils, anu oUuef oNluohces
of debt. excepting bills OF exchange, discounted
terms thereof. or by special Endorsement, payable
solely 10 such company, und no such evidence ct
debt shall be assiauuble, except Tor collection, or
Tor The following purimses: FTst-To, pay wld
y-,le.m the circulating uotes pf such cpmTany;
Secoud-T" pay other liabilities It the said conn
puny, and after such liabilities shall have been
discharged. Thrd-To divide among tue share
hOldeis on their stock.
SIC. "a. All transfers Of the mites. bonds. bills
Of exchange, aud other evidence oldebt, owing Ia
any bunking company. or at deposit slU lis cred
it. all assignments or mortgages. ar U,her securi
Ties On real estate. or Of Judgments or DEGREES in
its favor all deposits OF money bulliun, ar other
valuable thing for lis use, az Tor the Use ot any OF
its stockholders or creditors, all payments III mnn-
ey Ia either. made alter the commission ut ANY act
OF Insolvency, or in contemplation thereof, with
IA view 10 prevent the application OF It's assets IN
the manner prescribed by this ACT or with II view
Ia tlie preference nfOue credilur Ia another. except
in pay nieni Of lis circulating nUles, shall be held
utterly null and Vol n
Sac. 90 Ii the directors Of any banking com
paDy which shall have awaited itself Of any nf the
privileges granted by this act. shall knowingly vi
nldte. or knowingly permit uny oI The officers. de
gents. or servants uf such company, 10 vioHte any
w Wv lIpNhS ''lF ~ tillo I I NJ Wv = 'EbE W
ges, and franchises of said company. derived from
this act, shall thereby he forfeited; silcli violation
shall. however. be determined and adjudged bya
court OF competent jurisdiction agrredbly Ia tie
laws oi the Stale, aud tine practice al such court,
beiOrp the corporation shall be declared dlss"lved;
nd il Case 81 such %viulalinli. every director who
anticipated in. or asserted to the same, shall he
held liable in his personal aud individual capacity.
Tor all damages which tie onIplny lis ~sharelIol'
ders ar amy other perso =, body I"liic or curpn-
rhle. shall have Sustained IL consequence OF such
violation.
SEC 30 Every President, Director. Cashier.
Teller, Clerk. or Agent. Of any banking company,
who shall enbezzle. abstract. Or wlllully n,isInp-
ply amy Of The moneys, lunds or credits al such
company. or shall. without authority from tue d.
~recturs. issue or put in circulation any I'll the notes
ul such compnuy. or shull put In circulation any
bills or notes purpolting 10 lie The circulating bills
or holes Oi suclI bank other than those delivered
Ia such bank by the Auditor OTSt'te, rs provided
Tor by this HCi, eiihei with or without The aulhUri.
~ OF tue directors. or shall without such autlIOri,
~ issle or put forth auy certificate oIdepOsit,
draw any 0Ider or bill ~ exclIangr. make amy ac-
'eplance, assign any note. bond, drtit bill nl ex
change, moltgnge, judgment or decree, or slIail
MAKE any false entry on amy book. rep"rtnr stale
ment I'll the COM any, with nu intent IN either
:"s' !" 'HJ"e'' "e''"uu 1'"'l""y " " W.
J"e W III II" "'y u'"i UI"rp"y, 49, .''f
'ute VI p"'5e' VI "") ""''l""' PI'S"n' VI " uo
y ""J ""n' y" "e'"'" rl'"'.o ~ '"'Ps' - II
affairs Ul any banking company IN the State, shall
he guilty ui m~isdemeanur, aud upon conviction
thereof. shail be confined ia the Penileuliiry al
hard labor, not less than five nor more than ten
yems.
SEC. 81 II shall be hednty OF tue Auditor oil
Stale. To receive mu;iInted circulating notes iS,u'
GU - W" =" MY W '"e" ""n""s .'"'F""'' "''
:" "'"e' ~ P"'V "e'1' ~ '"s"p'"I Wv
W. - -
~ " "'"u 'n'' ,n g."
- I'"p'i ''"N " " s'a,, =" IT,.
y '"e '"" H""", " P.' vi '9
~ oln'e "n" ~ ,l".'' " "s,"' - o''" IonP'n
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SEC 80, The Auditor o' State shall give ~ any
company by whom amy stock shall have been de
posted according /" the provisions at this net
rowrrs oil attorney 10 receive 'he interest or dvl
dends thereon. which interest ar dividend Sill /
c"unPaay may receive aud ulply Ia It's own use
but such puwerS ul alt"riiey slInll become VOID up
"lI any suei company IallnS To fedcc'l lhc cI,'li
tat"S '''ts 'HSued ny S"cn o""Puu9 Iro'neu
n"WeNe'' ma "".ho''' ~ P'N0" ""9 VI -
"'"s TI"b'" W. !" ".'"r' =" ~ "lt'" V
"' '"'"",'"S ~ ~, ~ Ivy '"N' ''if|n'
"""' =" - ,Ho "
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r. 81 .tuau L.,., L.,u ..,;,,,t.,l ,,L,n ~, ,lnn,.it
,J and ,L, ,.I Tia, A,Ii,r Lnu ,,,,.iv. mai r.,
mi, ,L. ,,,.T.i 80, iii, ih,,d -, ,,rh, dru,,, r,,,.
.h,cL "a nlnI,,, mail I'm, ;n,.,rI - ,.,,,y,l
,,L,n ,,LILrI , IA. m,,k,i y,lr,. IF ,,,rLs ~, uL,I,
/, al ,,L, ,.c.,tIu,l ,s n, ,Lis .rcti,u L.I,r,, ,r,,
, yiI,d wiI IA. ,nu,I i, nmouuI +, ,he mnount ln
,,I,t,L, .u,L 49,. I'll u.,. ,L.In.l. mad IA. .Iu,l IL.
nn.i, tIr ,mnu,I 81, ,,eiiy.d0 wuh nnv ,uIypu
,nnkinn run,rnny IN I'm. St,t. ,t sucL ,,ie nr i,
ter.,t ,s ,LmI he ugr,,d upon' or. At ,he nnti,,
ui lin. ,,,n,u,uy nv which s,cL stocks were demo,
n,I ;,y.sI ~n,yb ;I,,e,..t ~, IiyiJ.nL. il, nnv =,
III. .,nrL lac this .,, nu,horizsd. +, hn nl.l ,,d !,
M, ,,,nn,, ~ IN. AuIilnr ,l S,.,. IN Ir,.l f., tL,
LnnLin" r,,mnnuv nv vbom Nh. stnck, on whicl
smell iuii.r.si ~ ,Ty,j.ud. may h,y. n,curd sLul
Inv. I,..u rlrIu,d: and wl,uey,r tu. mice +,
such depr, cialcl stocks at the New YORK stucl
rxuhan q, shalt rioe 10 tie price at which the
{ were pledged 10y tile company aud 50 remain 10
!, four con- rcullve weeks, such investment shalt h
assigned Ia such company. amt all %ncGruing intel
est ~, such pledged ~ ok shall thereafter be pll
= To such company.
SIC m The slork Trims erred Ia the Au,lito
: ol Srut, 1y INV bank ing company Tor the srrurir
b an. circulating unres. sLnllb held Ly him e.,
? clusiyely for llini purpose, until such nuies shall b
: redeemed. ,,r.ui n, Ia reiuuIIvr pru, ,lcd
4, 9 nj ir,,y .,,.L L,,Lin, amman, sbol
al ~, ,.,t..., IN 1,,Ll a,uI liz, cum unS Of !,
%' w. ' ., ~ r n," i, ,,rs,,n,, - ~. 1 49,,
t,'' I,,'i. ,n, ,,L,u "a r,,uI ,L.,.,r .Lnn r.
'm1 4, n'.,"I,L ,I,rin1 I'm, nsn"I L,nrs "t Inn
"",""S ,Ia ~ r UnrE ,nr,ua'," nv, hnLI.r
S,o t ,na,, nr nniss ,m,y ran.r nrr ~ ,nnre ,hereu