The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1854-06-07

thereof, shall be fined in any sum not ex-
ceeding 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
Of the court; PROVIDED. that no
such company. after the passage Of this
act, shall reissue any Of its circula.
ting notes redeemed. by it or received in
the ordinary course Of business, but shall
keep regular account thereof, and month
ly, in the presence of the Auditor and
Treasurer OF State. burn the same.
SEC. g. II 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
redeem the notes Of any banking company,
whose charter or rightto issue notes of'cir.
cula,ion. 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. de.
scribed in this section of this act; and any
person or persons offending against the
provisions OF this section mentioned, shall
be deemed guilty Of misdemeanor. and
upon conviction thereof, shall be fined 10
any sum not exceeding one thousand dol.
lars, or imprisoned in the county Jail for
any period Of time, not exceeding thirty
days, or both, at the discretion OF the
court.
SEC 8. Prosecutions for violations Of this
act. shall be by information OF the prose.
cutting attorney, or by indictment of the
grand jury Of the county in which the Of
fence was committed, in the the Court O.
Common Pleas, or any other court having
competent jurisdiction Of like offences.
SEC. 4. That section six OF the act enti
tied ian act supplement TO the act entitled
an act to prevent unauthorized banking
and the circulation Of unauthorized bank
paper" passed January 22d, 1916, be, ant
the same is hereby repealed
Sec. 5. 1t shall be the duty Of the trus
tee or trustees, or agent Of any banking
company whose charter or right to issu,
notes OF circulation shall have expired, O
which has given notice officially Of its in
tention TO close its banking business, I,
redeem its notes in the order OF their pre-
sentation; and or the refusal Of the truste,
or trustees, or agent, to redeem any note
presented forredemp,ion. the holder there
of shall nave the same protested, and al
protested notes shall draw interest at tn
rate OF fifteen per cent per annum, from
the date Of protest until redeemed.
! SEC. 6. This act to take effect from an,
after the first day OF December next.
/ F. C. LEBLOND.
! Speaker Of the House Of Representative.
ROBERT LEE.
President Of the Senate, pro ten
May Isl, 1854.
SECRETARY of STATES OFFIcE,f
i Columbus, May Is. 1854.
I. WILLIAM TREvlTr. Secretary of Stat
of the State. of Ohio, hereby certify ths
the foregoing laws are correctly copie
from the original rolls on file in this offic.
i WILLIAM TREVITT,
i Secretary OF State.
| certify that the foregoing laws are col
rectly printed. J. B. NoLL.
4 ,.,. Auditor. Al. G.. O.