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

LAWS0F OHI0..
gtmIsd# BY AUTHORITY, isaau
INO. 4s.,5 m o9s1GsG71GF0Gn0fasszs loa o
i'nda s6tollisi AN ACT eiguam a9ta'a
Toinerease tho General Fund for the support ii
.Commin Schools. ieitrblshed by the SIKH
section OF the tact 10 establish q fund far the
support OF Common Schools" passed March 2
1881, BY the appropriation cf The proceeds o
the swamp lands to that fund. s9 'ha' ia3t
Sec. !. Be il enacted By the General As
stm6lg Of the State Of Ohio, That the net
proceeds which may hereafter be paid into
,lle State Treasury, from The sales Of swamp
lands granted 10 the State Of Ohio, by net al
Congress passed Sep 2sth, 1850, be and the
same is hereby appropriated 10 The general
fund for the support of Cummon Schools
and the State Of Ohio is hereby pledged 20
pay the interest, annuplIy, on any aud all
s'iins Of money which may he paid inio The
Siste Treasury, from tile sales Of said lands,
from The receipt Of such money into The
treasury aforesaid; and the iGtercst arising ns
aforesaid, shall bc funded, annually, 1nlil
tile first day Of January, in the year eighteen
hundred and tifty-five; after which time the
said interest shall be annually distributed to
the sevetai counties III this State, III proporD
ton TO the number Of white male Inhabitants
above the age Of twenry-One, as by law
shall be lnseer,sired, fot the appo'tionment
Of representatives; and the proportion ofin.
tefesi due 10 each and every such county,
shall be distributed for The support Of COM
mon schools iii The respective counties IN the
manner prescribed ai tho SAC, 70 provide
for athe support and letter regulation Of
Common Schools. "7'aS ''' {""# ga 90 x
"tsdg i9di JOHN F. MORSE '"e
Speaker Of ihe House OF Representatives..
b"tsfd CHARLES C. 1CONyERS, ''.'
ss'.'' sH F" Speaker of the Senate.
March 24, 1851. asA y" lS''l4 :. 'a'a@,
fNo.47 lyig ua..l -,ir ,@2ny91a sa atsnp'
: ai !8e'a n .s4aAN ACT gau05au a.It. -
$50 NO authGrze Free Banking. 0'@'
Sec. 4. Beif eaacted by the General As
sem5iy oftke State Of Ohio, That anv num-
her az natufhl persons, not less than three,
may engage in the business Of banking,
with all The rights, privileges aud powers
conferred by and subject TO The restrictions
Of this act, ~ 9ja,t61a@5 ~ e|'sa F7l2a@'
RASKs--MOw EsTABLEsuED. -f.
Sec. g, Psrsors associai;ng TO form .
baking company shall, under ,teir hands
aud seals, make certificate q which shall
specilyssuE,tHsi~--ihee ename assumed by SUCH
company, aud by wlliciI Il shaf be known in
its dealings; also, the hanne uf The place
where its backing operations shall be carried
"n, at which place sqch banking conpany
shall keep sn office for the transaction OF bu-,
siness and Enr the redemption Of its circuIa
ting notes. Second the amount of The
capital siock Of such company, and the
numhef Of xhAras into which the same is di@
vidsd ! Third--ihe name aud place Of resi-
dence; and the number Of skates held by
each member Of,lle company. Fodr,h-athe
time When such company shall have been
formed. Such certificate shall be acknowi-,
edged before a Justice Of The Peace or Nos
tary Public, and shall be recorded by The Re-
c0rdeF Of the county where such c0mpany
10 TO be established, in book 10 be kept by
aim for thai purpose. which shall at all lines,
during office hours, be keptopen for insaec-.
tioH OF any person wishing 10 examine the.
same; aud copy of said record, duly certi>I
fed, shall be by the Recorder transmitted TO
the Secretnry 81 State, VIII, shallrecoid and
carefully preserve tbc same d his, Office
copies thereof, duly certifed by either of
those officers, may be used as esideace in
aII couus and places, for and sgainst any
such company, aud shall be conclusive evi.
dance oi the legal existence of such bankingl
Ssc.s 3ayiThs capital stock Of each COM
pany hereby authorized exclusive VI the se,l
cunEies nf such company dep ,slted with thcl
Au,lliur 0f State for the redemption auf tllei
no,ss Of citcnlation OF such compauy, shall
be u leasttweat five Thousand dollars. and
sl,alt n0t exceed i've huhdred lhousdnd dole
latsi and any such company may, from time
10 tia.a. ilrcranse iis capital lrtock 10 any e.
mouata mot exceeding ive hundred thousand
Sec, A. Every such banking ca@pany,
before commencing business, shall have paid
in, and Temainihg IN It's pdssesson, bohai
tide. the p,ope;ty oE such company, for the
sole purin,sss ot such. company pixty, per
cealanls utsiIasea'ira capitahsloas,n ani ip'hsB
sssidus shalt be paid IN, insach ias'almenfsi
as may be. required by the directors 0f airy
such cDynpaay,s Ell III n tbHI1 4 81
Sec. bylsenexerssny corupaay hetcin
auyhVrxed, sbalh furniah 10 the Aiidihng
Governor and Seceelart ,of S.aitA satlsfac,otl
evidence that Such company has conpiied
with ihe precsdiig seclvps u, Ibis acl, lsaid1
Auditor, GYvelanr and SscteiaryI shall suTnr1
ish to surh eninpany a certificaie OF such
fact, dndes sieit haRda and under the great,
seal W the STATE. Which shal lbesecordedin
thesofiics Of The Secretary pf STATE, in. lie
same book il which il required 10 be recor-
dsd tho certificate provided for in she sec
ond section OF this actslgo ',panoIi glsa7 r
See. y. The auditor ID hereby authorized
and required " cause d be engraved and
prinisd in the best manuer, 10 quad ngalnsl
countstieitinR. aieh qnantisyol circulating
nosss, ia tie similjudg olbsnk notes, III
black, of The different decentralization herein
allboElxed,S ~ liz may. from lime 10 time,
deOm nseessnFg 70 icsEFy into effect she pro.