Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1856-05-20
[ AW s OF OHIO.
PtBLIsHED BY AUTHORITY.
[No n4l ANACT as4a SAT-
To incorporate the Bank Of Ohio and ether

Be lawful foi natural individual persons, no.
FEWER In number In any case than FIVE, TO
associate and form companies for the pur-
pose Of carrying on,he business of thanking,
each az such placein this Staie as shall be
designated in ils articles Of association, and
in lhescerdfcale hereafter required 10 be
mode, subject, however, 10 the contingent
cies, restrictions. conditions, and Liabilities
prescribed In ihis aciar FssfA
ds See. i2. Tocarya in,o effect the proyis'
ionsol ahis sc,s Wm, " Scarbgrou4h, ol
Cincinnati, Franklin \; back'i7s Or ;eleKe'
land, Chatnqey q. 0ldss q Cifcleyllle, J,
Il Finn, oll 0binmbus; and'Samue!' Forrer;
pfi Dayton, shall be, and they are hereby
appointed commissioners, and they, Oh a
majority of them, after taking an oath dill.
gently, faithfully and imparlally 10 perform
lhe duties assigned them by this act, a cer-
,ifcaie Of which oath shall be filed and care
fully preserved in the Office Of The Secretary
Of State, shall constitute board, 10 be des-
ignaied the board Of bank commissioners;
which board shall continue until the organ
izs.ion. Of The Bank Of Ohio, as hereina fer
provided for, and thereafter the duties which
they are required TO perform by this act, in
,he organization oil branches Of the Bank Of
Ohio, shall be performed by said bank, and
The duties In The organization OF ndepen.
dent banks which ,bey are required by this
ae, 10 perform. shall deyolye on and be per.
formed by the Auditor, Treasurer, and Sec
re,ary of Stale. who shall be commissioners
10 perform such duties, and If any of said
commissioners shall refuse 10 serve, shall
die or resign, his place shall be filled by the
General Assembly =, by ioin, resolution, If in
session, and IL not, by The Governor,
Sec. 8 Said commissioners shall NEE,
in the city Of Columbus, a, such time. within
,hir,y DAYS after ,he second Tuesday of
October next, as shall be appointed by the
governor, who shal. notify each member OF
his appointment. and Of The lime and place
Of meeting; they shall, when met, appoint
one of their number 10 be president, who
shall, under The order oil The board, sign all
official documents; and they shall cause
fair and true record of all their official pro-
ceedings to bo kep,in book provided for
,ha. purpose.
Sec. 4 Persons associa,ing 10 form
bank shall, under ,hoir hands and seals,
make certificate which shall specify,
Fret Tho uams assumed by such bank
and by which il shall be known in i,s deal.
inRs. in which name shail be included the
name OF the city, village or town In which
lis banking operations shall be carried on;
Second-The amount OF The capital stock
.Ui such bank, and The number oi shares into
which the same i0 divided;
Third-The name and place Of residence
and the number olshares held by each mem
Der Of the company.
tourIh-The lime when such company
shall have been formed;
Fiflh--Tha. such company has elected
TO carry on iis operations as an II dependent
bank, or, as "branch Of the Bank oil Ohio"
az the case may be, which Certificate shall
be acknowledged belole a justice OF the
peace or notary public, and shall be recor-
ded by the recorder Of The county where
such bank is to be established, in book to
bs KEEP, By him lor that purpose, which shall
a, all times during Office hours be kept open
for the inspection Of any person wishing 10
examine the same; one copy Of which GER
iificate. duly certified, shall be transmitted
10 The Secretary Of State, who shall record
and carefully preserve the same in his Of
Dec. and another 10 the board OF bank COM
missioners.
Sec. No company shall be permitted
10 commence or carry on the business Of
banking under this act, as branch oil the
bank OF Ohio, unless lis capi.al stock shall
be al less. one hundred thousand dollars, nor
shall the capital stock Of an, such branch
ever be increased TO exceed four hundred
thousand dollars, excep, as specially provi.
ded for in this act. No independent bank
shall be organized under this &C. with less
capital than fifty thousand dollars; nor shall
.he capital stock Of any such bank ever be
increased 10 any sun, exceeding TWO hum
dred thousand dollars, excep. as specially
provided for 10 this acl. Al least fifty per
cent Of lhe capital stock Of zach company
shall be paid in gold and silver coin, or their
equivalents; one half Of which iilly per cent
al least shall be in gold and silver coin, and
shall be In the actual possession and bona
fds ihe properly Of the company al The lime
o. the commencement oi its banking BUSH
ness. and 81 the place designated lot carrying
on such business, and the remaindet Of the
capital stock oi such bank shall be paid In,