The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1854-06-03
1O1


treasurer of any county of this state, or any
clerk OR agent of any private banker, broker,
or dealer in money; or any clerk or assist
ant of the treasurer of state, or of the treas
urer of any county of this state, either d-
rectly or indirectly, to put in circulation,
pay out, loan, or exchange, otherwise than
to send or deliver for the purposes OF redemp-
ton, to the company, person or persons, trus-
tee or trustees, bound to redeem the same,
any bank note or notes. of any bank of this
state, whose charter, or whose right to issue
notes of circulation shall have expired, OF
which shall have given notice officially of its
intention to close its banking business and
any person or persons who shall violate any
of the foregoing provisions of this act, shall
be deemed guilty of misdemeanor, and up
on conviction thereof, shall be fined in any
sum not exceeding five hundred dollars for
each and every offence, or be imprisoned in
the Jail of the county for any period of time
not exceeding thirty days, or both at the dis
cretion of the court; Provided, that no such
company, after the passage OF this act, shall
reissue any of its circulating notes redeem
ed by it or received in the ordinary course of
business but shall keep regular account
thereof, and monthly, in the presence of the
auditor and treasurer of state burn the
same.
Sec 2. 1t shall be unlawful for any per-
son or persons, whose duty it is, or who is
or are bound by any law Of this state to re-
deem the notes of any banking company,
whose charter or right to issue notes of cir
culation shall have expired, or which has
given notice officially of its intention to
close its banking business or for any trus-
tee or trustees of such banking company, or
any agent of such person or persons, trustee
or trustees as aforesaid, to put in circulation,
pay out, loan or exchange, either directly Or
indirectly, any note or notes of any such
banking company, described in this section
of this act; and any person or persons Of
Tending against the provisions of this section
mentioned, shall be deemed guilty of mis-
demeanor, and upon conviction thereof, shall
| be fined in any sum not exceeding one thou
sand dollars, or imprisoned in the county
Jail for any period of time not exceeding
thirty days, or both, at the discretion of the
court.
Sec. g. Prosecutions for violations of this
act, shall be by information of the prosecu-
ting attorney, or by indictment of the grand
jury of the county in which the offence was
committed. in the court of common pleas,
or any other court having competent juris-
diction of like offences.
Sec. 4. That section six Of the act enti-
tied an act supplementary to the act enti-
tied an act to prevent unauthorized banking
and the circulation of unauthorized bank pa
per- passed January 22d, l846, be, and the
same is hereby repealed.
Sec. 8. 1t shall be the duty of the trustee
or trustees, or agent of any banking compa-
ny whose charter or right to issue notes of
circulation shall have expired, or which has
given notice officially of its intention to close
its banking business, to redeem its notes in
the order of their presentation; and on the
refusal of the trustee or trustees, or agent, to
redeem any notes presented for redemption,
the holder thereof shall have the same pro-
testedsand all protested notes shall draw in
terest at the rate of fifteen per cent. per an
mum, from the date of protest until redeemed.
, Sec. 6. This act to take effect from and
after the first day of December next.
F. G. LEBLOND,
Speaker of the House of Representatives.
ROBERT LEE,
President of the Senate, pro tenn.
May lst, 1854.
AUDlToR's OFFICE, PERRYsBURG,