The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-10-02

said bank shall b. paid over TO him, the SAID
treasurer she'll mika further dividends as aiure
said On all claims previously proved, aud the
remainder, if funything, shall b., paid over tc
Ircsentaiyrs, in proportion to the stock b. them
sevcrully held: provided, however, that il any
independent bank against which proceedings
have ben instituted as prescribed in this see
lion, on acrotnt Of any supposed act OF inSol.
vrucy, shall deny having committed such uct,
such bank may apply to any court Of compe.
tent jurisdiction torniuin ItlrtliyrTrocerdngs in
tie prrmis and such court. after citing th-
treasurer, secretary and auditor Of state to show
cause why further proceedings should not b.
cniuincd and at.cr finding OF a jury thai such
bank has not suspended the payment oIitS notes,
when legally rr1s.'nleJ, in gold and silver { 'in,
shall N h. an order onjoming said treasurer,
auditor and srcrntury oi state. aud any receiver
or receivers appointed hy tI nl. from all further
proceeding Oh account OF such supposed act
Of insolvency.
Src r. If tn, or,ginll capital stock Of any
such independent bank Shall in any manner be-
diminished, or any portion thereof be with
,'raWn for any purpose whatever while any
debts or demands against such bank remain
unsaji-h d. n dNjdrnds Shall thereafter b.
m1da on tn shares of the capital stock Of such
bank until h' original umuuut Of the capital
stock she'll he restored ii her By contribution of
The SHAREHOLDERS or odt OF the prof Of the
bu-iDoss OF srCa banl, Hut in Gaze any dividend
siali b. made while The capital stock slul re,
main 50 diminished or withdrawn, ii sbyji b.
the duty Of any court having competent jurjs-
dicliun, to isSUo he necessary orders and de-
crocs for clc,iuG the arrairs Of such bank, and
dividing its effects among its creditors and
shareholders, as in this act provided.
Sic 73 All f es for protesting the notes is.
T. "a ! T. ~ !,
paid by the person procuring The protest % b.
made, and surh bank shall be Liable tIrrrlor
but no part Of tlla stocks pledged hy such bank
TO the treasurer shall be applied to ihr payment
of such fees; and alIr%p'us's incurred in con
dur:ing the sale ofany of such pledged stocks
and advertisements thereof. shall be paid out OF
the proceeds Of Slah sol.s.
Src. H. The storkhall RS, collectively. of
any iuirprnltnt bunk, shall at no time b. liable
to such bank either as principal debtors or SIT
rcji,s or both, to an amount greater than three
Gtths Of the amount of capital stock actually
pnd in and remaining undiniHrhel, by losses
or otherwise. nor shall the directors be so lia-
bic. except to such amount an in such manner
as shatl h, prescribed by tn, bylaws Of such
bauE, adopted hy It's E'acnA1) jers to regulate
such liabilities, AMI il shall b. the duty of,ha
auditor, Treasurer AMI secretary ol state. or a
majority Of them. as often as once in each year,
TO appoint some suitable person. who shall not
b. a stociholdor in any bank oi His state, who
shall have NOwcr to nuke n thorough cUmiaa-
tiau into all the aGlirs Of the bank vhich hn
may be appointed 20 eeamnc. and in 50 doing.
to examine any Of the olinersunI agents rfsIvh
bank on oath, and such ocanl shall luoh"
detailed report Of the condition Of such bank
TO lha auditor Of stu!c; and the hHnhs Crgln
i2rl under this net shall not be sGi,ct to auy
=
lied BIZ this act EXCEPT such as nra vcs'cl in the
several courts OF law and chanclry: anil every
agent appointed, as in this section provided
shall receive for his services at llln rate o! four
daIIars lorrach day iE hin employed IN such
1Nam'nn'Inn. ana ,o"r dollars inr '''fy 'Whu'N-
lVr nIirS ne sIlII "cc' c'SSurlalif travel III IN"
performance OF ms "H-Y. W"l'h Sha.i h' Ga'h nv
'h' treasurer OF state an" r, I,n teal ny lH- oi""S
as other expenses arr rciHna 1t.
SIC -. Whenever any iul-rcHleu, hauk
being drsirous of diminishing tAa amount of its
circulating notes, shalt d,iyar to tn, t,rasn-cr
Of state any portion OF such notes not less in
amount any on time than Gy, hnu-uludol-
lars. to be destroyed, THE treasurer Shall destroy
.ie same as rr'scn6'd IN section Sl%'|-i'Gr'
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