Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1851-04-24
of funded debts previo

~ Va lulucu aueOlS previously
u, him by such company, and
the corporate powers OF such
1ok1 e{ceptsuch as shnll be- necessary
1oVI' ns aHairs, shah cease I
=. ~ the T East Zach company shall be liable %
sirable Goods, Ter of-eyery bill or note pull in
stock constitute money by such company, the
found IN this (which shall have been demand.
Odva%ce e oeSa on and upon all lis circulating
NAV be found Without such demand and re.
consisting of Pch company shall have sus-
Figured and WhIly. the pavmen, or ;,s no,oo
RianS crssT Ia or silver coin, damages,
Black, Greer, ~ Of interest, at the rate Off
Black and Fiuni, per annum from the time
Figured Plalisal or suspension, as the case
s,na tSs ISsso osws SSs Y such company shall resume
French PrE olg lis notes in gold or silver
With an Slail, in case of such general sus-
Cotton Goods I'VE given three weeks notice Of
81 aOge.net ss, RtioN in one newspaper in gene.
ii Bleached al On ia the county where The prn-
ALSo--Cl9p fspth banking company is loca-
Tweeds, &c, sone newspaper published in the
Pomeroy. AHmbus; provided that nothing in
nj EED1psained shall be construed SO as
~ Collars, 9 continuance Of banking busl.
sale oy act after the year 1879.
TENNY 1.-The president and cashier Of
= lors at Iny formed pursuant to the pro-
DONNETS ACT shall, AT all times, keep a
ID dy Milan ,At list Of the names Of all the
Braid, colored Qpf such company, and ,he 4.
sale BY aNocRDwned BY each. and shah file
Ronnet Siich lissin the Office OF The recor.
4, ~ Ora Grape pc. Tfounly where any Office Of such
- a'ye uhT be located, and also in he Of.
nee 'ol til6saudilor of Mate, Il, iha snon,hs of
January and July, in every year.
SEo. "a. No banking company shall com.
mence the business Of banking under this
ael, unul such company shall have deposi.
ted with the auditor ihe securities reniired
oy law, equal in amount 10 sixty per cen,um
OF The capital stock Of such banking com.
pany. ls 5asle4s.l s W
SEc. 40. No banking company as such,
sha'l issue or put in circulation any circula.
lung nole or notes Of said company, unless
'he same shall be made payable on demand
aud without interest, and every violation or|
'his section, by any officer or member of
q banking company, or any officer or agent
'hereoi, shall deemed and adiudged misde-
meanor, punishable by fine or Imprisonment
or both, in the discretion of the court having
cognizance thereof; each bank established
oy virtue OF this act, shall be subject to ,be
provisions Of ian act TO restrain banks from
taxing usury," passed March 10, 1850.
oEc, 46. II any bank or banking com.
pany shall purchase, buy in or take up. di.
reclly Or indirectly, any, Of their circulating
notes OF an amount less than wha, is due
thereon, all the stockholders Of any such |
bank or banking company, shall be liable in
their individual and in their corporate ca.
Paciiy for all sum or sums for which anv
such; circulating bills or notes shall be So
purchased, below their par value, and anv
Interest," thai may al the time be due thereon
together with twenty-five per cen,um penal. |
w upon all such sum or sums.
! SEC. AZ. All laws now in force which are
applicable 10 The banking companies herein
authorized, and which conflict with ,he pro.
visions oflhis acl, are repealed, SO far as the
same may be aapplicablsao 10 The banking
companies herein authorized. ..s
.--7'I''E7 "a sess--.-.- lQHN f. MORSE.
80 Speakerof the House of Representatives.,
ba yete ae8 CHARLES G, CONVERS,
dg,. Speaker Of the Senate.
March FL, 1851. ..,. \"
&C., D u d