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


lpl,ed, hypOIheea'ed, OF pledged, any portion
ldf Is capital si6ek, to the purchase Of cerii
,Efientes Of stock 10 be deposited with tbt
lAudior of Siaid as collateral security io
the redemp.iop lie. notes of circulation.
II Sec. 22 Nd banking company shall
during the time q shall continue its opera.
|, tiolls as a bank, withdraw or permit 10 BE-
withlnwn, eilhef in form of dividends, loan.
: TO stockholderss fpr longer period Of time
thnn SIX months, or in any other manner
; lany portion Of itscapital stock, and il losses
] shall at any time have been sustained by any
Z BANKING company equal 10, or exceeding in
{ undivided profits then Oh hand. no dividends
: shall be made, and no dividend shall ever be
: made by any bsnking company, while Il shul
!, continue its banking operations, 10 an n
: mount greater than lis net Iso6ts then on
: ihand, deductlng Iberefron its losses, bad nnt
suspended debts, and all debts due TO {
banking company, on which interest is pas
due and unpaid tDi period Of six months
Iunless the same shall be well secured, ant
, shnll be in process Of collection, shall be
considered lad or suspended debts withihth
meaning of this aci.1 49,.
} Sec. %. The directors Of each banking
company, shall semiannualIy, ,on the f'st Mon
day inMay and November, declare dividend
Iot'so much Of the ne, profits Of the company
as they shall Judge expedien,, and on snci
dividend day, the cashier shall make and
verify by his oath, a full, clear and accurate
sIa:ement Of the condition of he company as
il shall be on that day, after declaring the dl'
yidends, aud similar statements shall also be
made on the first Monday OF February 7nd
August, in each year, which statement shall
contain, First,-IFhe amount of the capital
stock actually paid in, and then remaining as
the capital stock ofthe company. Second
The amount Of the bills or notes Of the
COMPANY then in circulation, specifying the
amount Of each denomination. TAird-The
greatest amount in circulation at any time
since the making Of the last previous state
ment, as shall have been exhibited by the
weekly statements Of The cashier, specifying
the times when Tho same occurred. Fourth
The amount Of balances and debts Of eve>
ry kind, due 10 other banking companies Of
the State and the amount due to banks not of
this Slnte.4 Fiiih-Ihe eamount due 10 deposi~
Tors. Sixth-I'he total amount Of debis and
liabilities of every description. and the great
.esi amount since the making OF the last pre-
yious statement, specifying the time when
the same occurred. Seventh The total
amonn, Of dividends declared on the day of
making The statement Eighth The amount
of gold and silver coin, and bullion belong
ing 10 such company, aud in lis possession AT
The tune Of makihg the statement, designa'
lung the amount ofieacli. Ninih--The r.
mount subject abe, drawn at sight, then re-
naming on deposit with solvent specie pay
ing banks or bankers, in The cities cf New
York, Philadc Iphia, Boston and Baltimore
.Tenth--'Fhe amount then Oh hand Ofbis or
notes issued by other banking companies Of
this State, and the amount issued by banks
no, Of this State. E!eventh--The amount
Of balances due from other banking compan
les Of this State, and the amonnt duo from
banks not Of this State, excl lding in the la,
ter case, deposits in the cities OF New Yutk,
Philadelphia, Boston and Baltimore, subject
to sight drafts payable in specie. Twelfth
The amount on hand Of bills, bonds, notes
and other evidences Of debts discounted or
purchased by the company. specifying par.
tlcularly the amount Of suspended debt, the
amount considered bad, the amount consid-
cred doubtful, and the amount in suit or in
judgement. Thirteenih-'Fhe value of the
real and personal property held for the con,
.venience OF the company, specifying the A.
mount Of each. Fourteenth h-The amour,
of real estate .akeu in payment of debts due
the company. Fifieenih--The amount Of
the undivided profits of the company. Six.
ieenlh-'Fhe total amount Of the liabilities
to The company by the directors thereof col
ACTIVELY, specifying the gross amount Of
such liabilities as principal do b,ors, md the
gross amount as endOrseFs or sureiles, Seven 4
teenth-- The total amount Of liabilities Of,
the company, ,of slockholders thereof, coIIec.,
lively, specifying the gross amount ofsuch
Liabilities as principal debtors, and the gross
amount as endorsers or sureties, WHICH state
ment shall be forthwith transmitted 10 tie
Auditor Of State. '2* st75i 'ai' @'''f ~
Sec. 24. Every banking company deri.
wing any Of lis, powers and privileges from
this act, may take ,reseive receive, and charge
o" any ioan or ulscouh' haue' o' up'E any
no.e or o,'i o' eNensnge' OF o'ne' ev'oo"ce ot
GENT a'lne tate oI SIX PCT ce",ulp Pei 10,
nun on The amount of any such note, bill of
., otnet evluehce sl " 1ep'' y W. "
rou"'eu' anu no 'ho'ei Po''ueu' noweVe,' .''''',
'"a' interest may De feSeIve" OF 'aNe" =" au>
vance, a. inc .'.iie OF making 'he ioan .. ois,
COUNT acco'dhg 70 'ne osua' iu'es "' oa"S,
lng' on as'caicula.ed' 70 lso"'e't 'aoies; anu
'he knpwlHsly 'ak'ng' TsSefs'ns, " cnatehei
On any debt, or demand payaoie 70 sucn cep'T