Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1856-05-29

losses or Other ..ise. nor shsl the directors be
50 lisblF except 10 such amouat aad such man.
,..s As shall be prescribed BY the bylaws Of
sueh b.nk, adopted by is stockholders to reg
ulate such liabilities. and it shall be the duty
oitha aulitor, treasarer aal secretary OF State.
or a majority Ct them, as often as once in each
year to appoint some suitable person, who
shall not be a s,ookhoder in any bank Of this
State, who shall have power to make thor
ough examination into all the affairs Of the
bank which be may be appointed to examine,
and in 50 doing 10 examine any Of the officers
and agents Of such backs on oath, su such a
gent shlll make detailed report Of the con
diliou Of such bank 10 tie Auditor Of State;
apl the banks organized under this act shall
not be subject to any other yisitorial powers
than such as are authorized by this act except
such as are vested in the several courts, Of law
and chaneery aud every agent appointed. as
In this section provided, shall receive for his
services at the rate Of fur dollars for each dav
by him employed in such examination, and
four dollars foreyery twenty Eve miles be shall
necessarily travel in Tie performance Of his du-
ty, which shall be paid BY the Treasurer of
State, and refunded by the banks, as other ex-
penses are refunded
Sec. IS. Whenever any independent, bank
being desirOus Of diminishing the amount Of
its circulating notes, shall deliver to the treas
ureT Of State any portion Of such notes not less
in amount at any one time than FIVE thousand
dollars, TO be destroyed, The treasurer shall
destroy the same as prescribed n section sixty
three, and shall thereupon transfer and deliver
to such bank, certificates Of funded debt depos.
tied with him by su nix to an amount equal
TO the amount Of uotss, so delivered up; pro-
Vlded, that be amount Of such certificates, re-
naming with the treasurer, shall not thereby
be reduced below the anoIaL Of the oapital
stock OF such bank At the time pail in. nor in
any case below The sum ofone hundred thousand
dollars, nor in value, estimating the San Q at
their Their current prize in the city of New
York, below the amount Of circala.ino notes
still retaine ysuch bank nor shal! the treas
urerbe required 10 ransfer slch certificates in
fractional sums Of ,ss Than on thousand dol
lars, and whenever any such bank, being de.
Sirous of relinquishiug its banking busine S.,
shall have paid at least ninety per cent. Of the
maximum amount Of its circulating notes and
shall have delivered the same to the treasurer
ofState TO be desuOy d, and shall have proyid-
ed means and given security to the satisfaction
OF the treasurer, secretary an auditor Of State.
for the redemption Of its outstanding notes Of
circulation, at The place where the Office ofsueb
bank was established, and shall have given no.
tice thereof by advertisement, for six consec.
utVe months in two new papers OF general
circulation published in the city Of Columbus,
aud at least one published in the city, town, or
village where the oifici Of such bank is located:
il shall be lawful for the treasurer of State to
re-transier and deliver to such bank all the Ger.
tlbcates of funded debt previously pledged
with bin BY such bank, ard thereupon all the
corporate powers cf such bank, except such a,
shall be.necessary to close up lis affairs, shall
cease.
Sec 70. This act shall be submitted to the
electors of this State At the general election TO
be held on the second Tuesday Of October next.
for their approval or rtjection--apd each elect
or may have written or printed or partly writ
ten and printed upon his ticket the words "for
the Bank charter or against the Bank chart,
er," and the judges Of each election district,
IN counting out the votes, shall set down in sep.
arate columns, in the poll books, the votes piy
en- "For the Bank Charter" and the votes civ.
en- Against The Bank Charter" and cerir,
the number Of Jtes given for, and against tbt
charter as they are required to certify to the
number of yoteo given for candidates.
Sec n. L! shall be The duty of the persons c
opening the poll books in each county, to make ,
sseparato abstract Of votes given for, and a
gansI' the charter, including a statement show. F.,
ing The number Of votes cast, which were :,
neither for nor agaiul the charter And be
CLERK Of the Curt Of Common Pleas Of eoch
county shall, Immediately after such abstract
IS made ne o coriaed copy thereof under
the seal OF the court AMI forward the same h,
mail to The Governor at Co'dmbus, marked an o
the outside "'O'raot fvo'e' for, and against, Il
Bank Charter. given in - covplvn o
Sec 49, 1t shall be the duty of the Gov a
ernor' as soon after said election as practicable n
WIN the aid Of the auditor or sccretarv Of
state to open and ab.tract III said retn,po .
anu 'he governor shall Immediately thereafter. :,
Oy proclamation in some newspaper published \, >,
az columbus set forth the number of vo,o. :
glVenIo The charter. the numberof votes given "
against The charter and the number Of yo,a.
given which wera na;tb a. e.. -. - =