The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1856-05-29

| 'saso W tulo uCt pT6tlmtnt
ry to the commencement Of banking opera
tons, then said commissioners shall inme
diutely notify each Of said banks thereo
and within ten days after receiving such ia
tice, they shall each appoint In such manne
as the directors thereof shall prescribe. on
person to be director OF the bank of Ohio
But no person who is not citizen of tn
United States, and a resident of this State
and who has nut resided within this State a
least one year next previous to his appoint
ment, shall be such director.
SEC. 40. The directors of the bank of q
MO who shall have been appointed agreea
DIV to the provisions OF the preceding sec
ton, shalt from the time of It's organization,
until the first day of May, in the year on,
thousand eight hundred and seventy. .seve n
and thereafter until the affairs of the seyera
branches OF the bank of Ohio be GasII,
closed up, be body corporate, with sucees
sion, and by the name Of the bank of Ohio
capable of contracting and prosecuting. ant
uetendIng suits or actions, re- fully az natura
persons, and of doing all other acts ant
things necessary to effect the object con,em
plated in this act by the formation of saie
corporation. They shall meet in the citv d
Columbus at such times as shall be desicns.
ted by the board oi bank commissioners
who shall give ten days previous notice 10
each branch Of the time of such meeting
they shall each take an oath diligently, faith.
tuiiy and impartially to perform the duties
imposed on them by this act; certificate of
winch oath shall be filed and preserved IN
the office of The Secretary of State. Thev
snail organize, provided two.thrds of the
whole number shall be convened, by elect.
ing some suitable person as president, whose
du'y 1t shall be to preside at the meetings of
Inc board, and sign its official documents
They shall elect vice president, whose du.
ties shall be prescribed by the bylaws of the
corporation. They shall appoint secretary.
VINO sh III Keep fair and true record of the
proceedings OF the bank. They shall keen
an Office in the city of Columbus, which. to.
geiher with the books, papers, records and
accounts of every description, shall a, an
times be open to the inspection of anv com.
mlttee OF the general assembly, or either
branch thereof, and of any commission or
commissioners especially appointed for that
purpose by the general assembly, and of anv
person appointed by any oneIof thebranches,
they shall procure and furnish each branch
with notes for circulation, ,and decide on The
amount to be furnished from time to time IN
sach, within the limits and sqteeably TO The
,nles and restrictions prescribed by this act.
they may prescribe rules for the settlement
u balances between the branches. They
ha'l have power by themselves or by com.
nittee OF one OF more members Of their ow,
,,ody, or by special agent appointed by
htm tor that purpose, whenever and "a Of. |
en- as they shall think proper, to visit any
'ranch, inspect its books, record and ac. |
onnts, and all the evidences of debt due 70
md securities held by such branch; examine
nd ascertain the amount of money and 9th
r property held by such branch; examine
N oath the president, vice president, direct.
rs, cashier, and all other officers, agents
lerkS or servants OF the branch, touch lno
s condition, means and liabilities. Thew
'al' have power to require any branch to
'duce Its circulation or other liabilities,
lthin such limits us they shall, after full in.
uiry INTO It's condition, deem necessary to
'cufe from loss either the dealers with such
ranch, or other branchHs of the bank Oft
hio. They may require the officers of each
amen TO make out, under oath, and trans.l
II TO the office OF said bank at Columbus. T,
atemehts ofethe condition thereof, in such {
rim as such bank shall prescribe. and as
equ"ntly rs they shall deem proper, which ,
shall be recorded in a book or s
'ok or books to be kept for that purpose
hey may &ppoint an executive committee
not less than three. of whomathe presi.
MT, o. vice president shall be one, to CT ,
hehhlt the bank in such cases, and per- I
'n "li such duties as shall be prescribed i
the bylaws Of said bank. not inconsist 9
I with this act. ,a0 !;
al, The president, vice presi
Mt and secretary of the bank shall each n
;elve such compensation for their services n
said banks shall allow, which shall be as. b
's"d upon The several branches of the bank
Ohio, In the ratio of their capital stock. i,
~ bank may also allow the executive com h
ttee such compensation ms it shall deem q
t and reasonable, to bepaid by the several i,
inches in the same manner; and the ex- 81
1ses of procuring plates and printing notes n
circulation. shall he paid by the several r,
inches in the ratio of the notes OF circu. O.
ion, received by each. s.. -,.--. a
SECTION AZ. Each director of the bank W
III continue in office until the first Monday O
February next after his appointment. and
III his successor shall be appointed and o.
'lfied; vacancies in the board shall be c,
led by the branch by which the appoint c,
mt vacated was made. In voting, each 8
mber shall be entitled to one vote, and do
nne additional vote for every fifty thou pl
ID dollars OF the amount Of capital stock al
in to the branch represented by him ed
r one hundred thousand dollars, at the Al,
e Of such voting. The president and vice rit
sident shall bold their Offices for one year sh
until their successors shall be appointed, or
they NAV be removed by resolution of BJ
board. They shall take an oath faith- ell
y diligently and impartially to fulfil the
les OF their appointments and not know ce
" vi6late amy Of the provisions of this co
They may be required to give bond in wi
b sum, and with securities as the bank its
U prescribe; and all vacancies in said ap- gu
,tments shall be filed by the bank. rel
EcTIoN 43. All notes issued by any sh
nch, intended to circulate as money, shall mi
payable At the branch by which they are pa
cd, in gold and silver coin, the lawful sh
ency of the United States, OF either, of re,
option Of the branch, on demand; they sio
be signed blythe president or vice pre- act
Mt Of the Bank Of Ohio, countersigned des
he cashier of the branch 6y which they USE
issded made payable 10 bearer, and shall Ba
by delivery; and all other ev inc
ces Of debt, issued by any branch, shall me
egotiable or transferable in the same In
ne nef as u issued by natural person, and mo
be binding on the branch whnthar ~ IN