The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-05-07
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e.ts % S0ignbastg sucatime AsskaH be
Gtasr stetty iae bosfd o. bank comma.
sioners. VhO shall give ten days previous
hoi.ee 70 each branch Of the time Of such
meetings lhey shall each take On oath di.
F9e4tiy. i'adlUlly and impsrlially to per-
iYTr tie ds,'es imposed on them by this
aci;s eeF;iacale OF which oath shah be
istS end preserved in the Office Of the
SsertSt! cf elsse. They shall orgsHiEr.
NM lsss stnJ.ihirds Of the whole banber
stsji teseo1 ssEed. by elecsing some ssi:a.
~ person. rs presideut. Nhose duty L
s.lsy ,be 70 Preside at. the meetings Of the
haasi eua4ign is olicisl documenls-
Ifey ttsil'eleet q riss president. Shoso
dGtesb .sasi be prescribed BY The by-laWs
ofthe-eefTorssien They shall sppoint a
;, cretsry, vh9 shall Keep fir ard true
iesirigsetthe proceedings of tbs banks.--
'Iaey' ,hsll keep an otEcs ia he city Of
GOlumbGS, which, teSeE.er Eih, iheir
b.eAs, papers. records, end aocOuna cfs
cNfty description. shall rSD lines be
cprn 70 the nspecii5a Of ans committee
,,'.she General asseu,bly. OF ei,hcrlbraneh
thereo' and cfahy sciunkson OF COM
ruissl0uefs ESPECIALLY appointed Tor that
rsspSss b. the gtncfai asstmbly. snd Of
ang-pkfsoh as pointed by my one ofthS
h'snehes. IAty shah eseeora and fsrn.
ish each braneh wish oa;es feT eiTealA,sen, ~
and deeide 90 the am cunt to beslursisbed
nom .ine tet1ne 20 each. within Ihe i'm.
"a. and 10 feeselyt6 the rules and .restrie-
tons prescribe b5 this net. They may
prescsIbe rules TOR the settle ment OF hal-.
snces beiween the branches They shall
have power By themselves. or BY com.
Int'tee okoHe or mere members OF their
sYn body OF by a special agent appointed
~ kaesn Tor thai purpose, Hhsnever and
aseSaan as shey shsil thilk proper. TO visit
any branch inspect i,s books, records and
Scsopnis- and al The evidences of debt
d0e 70 shd securities heId by such branch;
examine and ssoertsin,ihe alnouatda mo.
ney aoa other property held By such
sbranehss examine on oath The president,
d!feclprst cashier, and all other officers,
'Agsnls, scleIks or servants Of the branch,
taueilng It's condition, means and liabili.
liss. Thcveehsfl have pewcr to require
'ruy~-hrsnrh 10 Feat It's circulation or
other liabilits. ~ilhiu such limits as they
Misunderstanding uirys into the condition,
kiesaI ngrs sssry 10 seeRge from loss ei.
taer tbs, de8lers with such branch, or The
osfer branches of the back Of Ohio. They
nls1ySev%epire The oficfls Of each branch to
saiaks oat, na2cr oath. and transmit to the
oflse U shid hank at Cojumbas, state.
3raats eT the eoag!tIcn thereof, in each
.asEal IS such bank shalt prescribe, and rs
frequently as they chad dsem proper,
~ hi:h sts'emeris shall be recorded in a
.ahaas ersbauks to be Il Tor that purpose.
'si'fYtaE snja F-shfsast snexecgtiyc commit.
tee of not less tben three, Of when the
pEsssdeut, OF s;ee pIesi,;ent shall be enc,
Il SCI IN 5ehglfGf the bank in such cases.
lsaa psi!osil all sach duties as shall be
prescribed by the bylaws Of said bank,
nat .ineongisfeut with this act.
Ss;r3l;oa a. Tie president. yiov presi.
3en9 sad secretary Of tho bank shall each
fs2gits aa4h ecmp,p psa,ion for their ser.
'ieea As said bank sLsj' alloR, which shall
es Wssesssd upon ths several branchgs Of
tHh'l}ssk ofOaio, 10 the ratio ef .hcir esp.
s.ai stock. Tha bank may aso allow The
,sx ycuiise committee such compensation
SIS i sball deem Just md reasonable, 10
be paid hy The several branches ia the
sa6as rls1atr; and the expenses Of pro.
-Sasiug plates-aad printing nc!es Of circu.
i,tloa, shah be paid hy the several
shysnqhes ip lhe fstis Of he notes Of circu.
la.i5d, received by each.
sN Atcan.t6y, 10 Eat Sironlnr ,,e I,n b.n{s
shsl! Continue iAoifice until the Gfst M3a.
t,isg olF9htaery, next after his appoint.
sment and uBtil bis successor shall be ap-
ftssnted and qualified; vacances in the
Ssari 6laA be Gisd by the branch by
Y b,eh the appei1tnent vscatad Vas made
IN, l,sesiag, each uenear shs' be entitled
staeoGs vote, asd to one addii1Ga! vote
.for every fifty tiougand dollars Of the
Rfaoups of capitol stock paid 10 30 the
brunch represented hy him oYer one hun.
tsYea thousand dollars, at The ume Of such
sYetiug The president ara vice president
sshsii hold their eiilevs for one yeur, and
s1assi tIss! successors Shall be appointed.
n at they may BE- Te.r wed hy @ Resolution
,fthe rd.They shall take an oath faith,
sfY.ig. diligently aal i;bpartielIy TO fuIGn
the Guties OF :heir appointments and rot
knowingly violate auyaof the provisions
efthis set They rasy be required 10
give koad ii sich Euin. aud with such Sc.
eHuriae1 as the bsnk shah prescribe; and
eI vacancies il se;I sppointments shall
7 Ne 6lled bF tie bark. 7
Sec. ~ All llne.os Issued 81 any branch
TatsnJea to circulate as money, shall be
.fagdb!e at the branch by which they are
Issued, 10 gold and liver coin, the law.
fui currency ofihe United States, or either
7 " tbs option of the branch. On demand;
gFhey shall he signed by the president or
wee pretident OF the bank Of Ohio, coun
tsFsiSrcd By The cfshier Of the branch ~
wilicA they are issued made payable 10
bearer. and shalt be negodad9 by de-
siferef;. sli qihsr tvid,ncts Of debt, i,su
sd by any branch. shall be negotiable or
transferable in the same manner as il is.
sesd By a,natuFal person shall BE- binding
on tie Branch, whether under seai or not,
and all sach evidences Of debt, other
tilan notes oF circulation, sIaIl be paya
Iable 10 tie order Of some peTsan therein
apamgd
GSc. AZ No bralch of the Bank Of 0.
bio shsl, at any time, have in circulation
utses IN the simiIitude cf bank notes. to
81 amoRut bearing . greater proportion
sse Tie capital stock 81 seid branch aetu.
aallya paid D., and at the time remaining
undininishet BY lasees or withdrawal,
shaa The prcportion hereinafter specified,
4kss is 10 say:
Gu The 6Fst hundred thousand dollars,