Plymouth advertiser. [volume] (Plymouth, Ohio) 1853-1988, 1854-07-08
AN ACT

Supplementary to an act entitled can act TO pro-
hbit unauthorized Banking, and the crcula-
ton of unauthorized Bank paper" passed
nj arch IL, ls45.
SEC. I. Be 1t enacted by the General Assembly
of the State of Ohio:
That it shall be unlawful for auy officer or
agen, o! any banking company. or OF any other r
incorporated company, any private banker, brok-
er, or dealer in money, the Treasurer Of this
State, or any clerk or agent of any private ban
ker, broker, or any dealer in money, or
any clerk or assistant of the Treasurer Of
State. or of the treasurer of any county
Of this State, either directly or indirect.
ly, 10 put in circulation, pay out, loan, or
exchange. otherwise than TO send or deliver for
the purpose Of redemption; to the company,
person or persons, trustee 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 ex-
pired, or which shall have given notice officially
Of its intention 10 close it's banking business :;
and any person or persons who shall vlolste any
Of the foregoing rovisians OF this act, shall be
deemed guilty Of a misdemeanor, and upon con-
yiction thereof, shall be fined in any sum not
exceeding five hundred olars for each and ev-
ery offence, or to be imprisoned IN The Jail of
the county for uny period Of time not exceeding
thirty days, or both at the discretion Of the court
Prosided, that no such company, after the pas
sage of this act, shall re-issve any Of its crcu-
l.tns notes redeemed by it or received in the
ord;nsry course of business, but shall keep
regular account thereof, and monthly, in the
n,esence of the Auditor and Treasurer of State
bu n the same. :,
Sec, 2. 1t shall be unlawful for any person
nersons, whose duty il is or who is, or are bound
bv any law of this State, 10 redeem the notes of
any banking company, whose charter or right to
;ssne notes OF circulation. shall have expired, or
which has given notice officially, of its intention
10 close it's banking business or for any trustee
or trustees Of such banking company, or any
aQennt Of such person or persoLs, trustee or
trustees, as aforesaid, 10 put in circu alton, pay
ont, loan or exchange, either directly or
indirectly, any note or notes. Of any such
banking company, pescribed in this section of
this act: and any person or persons offending
against the provisions of this section mentioned,
shall be deemed guilty Of msdoneanor, and
upon conviction thereof, shall be fined in any
sun, not exceeding one thousand dollars, or i'm
prisonment in the county Jail for any period of
time, not exceeding thirty days, or both, at the
discretion Of the court.
Sec. 3. Prosecutions for violations of this CT,
Ohall be by 1nformatloE oI tne prosecuting attOr-
new. or by indictment Of the Grand Jury of the
county, in which the offence wns committed, in
tho Court OF Common Pleas, or any other court
having competent jurisdiction OF like offences.
Sec. 4. That section six Of the act entitled
aan act supplementary to the act entitled an act
TO prevent unauthorized banking and The circu.
la,ion of unauthorized bank paper passed Jan.
usry 2ad, 1876. bs, and The same ss hereby re.
pealed.
Sec. S. II shall be the duty Of the trustee or
trustees, or agent Of any banking company
whose charter or right to issue notos Of cilcu-
la,ion shall have expired, or which has given
notice officially Of its intention TO close its bank
ing business, to redeem its notes in the order Of
their presentation; and on the refusal of the
trustee or trustees, or agent, 10 redeem any notes
presented for redemption, the holder thereof
shall have the same protested, and all protested
notes shall draw interest Al the rate of ffteer
per cent. per annum, from the date Of protes
until redeemed.
See. 6. This act TO take eff Ct from and aftel
the first day Of December next.
r. C. LIE BLOND,
Speaker ofthe House Of Representatives
ROBT. LEE,
ss President Of the Senate. pro tenn
May LIST, 1854