True American. [volume] (Steubenville [Ohio]) 1855-1861, 1856-04-30
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inc, 1lA.l ANsNCF ,s.m 4s,
TO incorporate the Bank Of Ohio and
other Banks.
SECTION i. Beit enacted By the Gen.
srql .assemblyOfthe State Of Ohio, Tha,
itshall be lawful for natural individual
persons. not fewer in number in any case
than five, to associate and form compan-
les for the purpose of carrying on the bu-
sihess Of banking, each at such place in
this State as shall be designated in its ar
ticles Of association, and in the certificate
hereafter required to be made, subject,
however, 10 the contingencies, restrc-
iions, conditions, and liabilities prescri.
bed in This act.
SECTION Q. TO carry into effect the
provisions of this act, Vim. w. Scarbor.
ough, Of Cincinnati, Franklin r. Backus.
of Cleveland, Chauncey N. Olds, of Cir
cleville, ]. R Finn, of Columbus, and
Samuel Forrer, of Dayton, shall be, and
they are hereby appointed commission
ers, and they, or majority of them .saf-
ter taking an oath diligently, faithfully
and impartially to perform the duties as
signed them by this act, certificate OF
which oath shall be filed and carefully pre-.
served in the Office Of the Secretary Of
Stale, shall constitute board, to be des-
ignaled the hoard of bank commissioners
which board shall continue until the or.
ganizalion of the Bank Of Ohio, as here.
matter provided for. and thereafter the
duties which they ale required to perform
by this act, in The organization of branches
of the Bank Of Ohio, shall be performed
by said bank, and The duties in the organ
izalion Of independent ban ks which they
are required BY this act to perform, shal
devolve on and be performed BY the-Aud
iior, Treasurer, and Secretary of State
who shall be commissioners to perform
such duties, and if any of said c"mmls
sioners shall refuss 10 serve, shall die o
resign, his place shall be filled by th'
generally Assembly, by joint resolution
il in session, and if not, by the governor
'si SECTION 3. Said commissiupels shal
NEE, in the city Of Columbus, at sucl
time, within thirty days after the secon'
Tuesday Of October next, as shall be ap
pointed by the governor, who shall motif.
each member Of his appointment, and q
the time and place of meeting they shall
when met, appoint one of their numbe
TO be their president, who shall, under III
order of the board, sign all official docu
men,s; and they shall cause lair AN
record of all their-official proceedings to b
= KEEP. in book to be provided for thu
purpose. -'f8 "
SEcTIoN4. Persons associating 10 forr
bank shall, under their hands and seall
make q cerrfcale. which shall specify,
First The pame assumed by such bani
and B., which IL shall be known in il
dealings, in whichaname shall be incI'
ded the name Of the city, village {
town in which its banking operation
shall be carried on; n
Second-T'le amouns, Of the cspil
stock of such bank, and the number I
shares into which the same is divided;
Third-The name aud place of res
dence and the number Of shares heI
BY each member Of the company;
Fourth--T The time when such comps
ny shall have been formed;
Fifih-'rha, such company has electe
to carry on lis operations as an indepel
dent bank, or, as "branch 0l The Ban
Of Ohio" as the case may be, which .ce
=, tj6cs,e shall be acknowledged before
justice ofjhe peace or notary public, an
b4shalls sberecorded by The recorder of th
acOpnly where such bank is 10 be establish
ssdai . book 10 be kept by him for III
purpose, which shall at all times durir
Office hours be KEEP. open for the inspe
ofany person wishing to examipe II
same one copy Of which certificate, du
certified, shall be transmitted TO the Sc
relary Of State, who shall record and car
fully preserve the same in his Office, al
other to the buard Of bank commission
srs.
sVRn 3ss0 saiteRe 81 rf- f,T7N ~
u SECTION 3, No company shall be pc
milsed 70 commence or carry on the bu
,,iness cf banking under this act, az bran
Of .he bank Of Ohio, unless its capt.
stock shall be a.,leas, one hRndred the
. sand dollars, except as specially provide