The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-09-25

flfa 1t lt4n "a 10 %
ooi W i,',t,;',.. 'v,' ,i, 80 ntb.r
s,,,,y, y,!,ics L.lrn,,i,,, ,hcrct,
Sc b1 Tir. t..c,.;y.r -, ,.,.;v,.rs o,,,uint,l
,,r,,,isl il, ,b. r,r,, ;,,tIiGfti.,tl l,.ction
-. IA, rrr,,;r.I So o;,y t ;r s,,,I, .,,, AMI
,.i,L s,,cb sr,,,i.i,s ,s ,i, p,,,t nr Ohio shall
i,dr. sufficient nnJ un,l,r ,h, dirrciinn of said
i,,nl .hnu rrnre.I tn erttl, I'm th,. pfT,irs of
s,b b,ar,b .,1 co,,,e,t lie essa,s into money
th,. nnurv So made shall he bpplied-
E;rsi--'To r'i,nlurss nll moneys which shal
have been ADVANCED by the several branches for
tLs rcl,p,iinu or the ,,ni,s nnd hills of Tin, in.
4 snlvrni brn,,h and which nav not have h, en-
nr.,inuslv reimbursed from th., safety G,nd.
Ssroul-T, reimbnrs, all moneys advanced
from the sa.,tv fund, ofh.r than moneys derived
from thn, norton of the safety fund furnished
hv iIs Gilina branch
Thirl-T0 the paym,nt and dischsrgc Of all
The remaining linbilirips nfsnrh banch and
Fourth-The residue shall be divided among
The siocLhul1trs Of thc G,iliur branch. iu pro.
norton TO tls stock by ihem rrsprctivrlv
Il h.ld
SIC So If auy branch against which the
Bank Of Ohio shall have Instituted proceedings
on account Of any supposed act Of insolvency,
as prescribed by the furty-njmth section OF this
act. shall DENY having committed such act of
insolvency. such branch muy apply TO any
cour, Of competent jurisdiction for wri, Of in.
junction to said Bank of Clio, 10 suspend all
further proceedings against such branch as an
iusoyrnt bank: and such court after citing
said Bank Of Ohio to APPEAR and show cause
why such writ should not be- granted. and af cr
finding of a iury that such branch has at all
times continued, and still continues 10 red, EN-,
in nnd and silver coin its notes Of circulation
shall make an order enioining tie Bank Of Ohio
from all furtlur proceedings agains; such branch
on accoun: Of the supposed act Of insolvency
on which such proceedings were instituted, and
. thcrcupon all the property and assas Of such
b anch shall BE- restored to its directors.
/ SEC. 81. II the Bank of OHIO shall IN any
case fail 10 proceed in the manner prescribed IN
the foregoing sections Of this act in proyiding
for the payment OF the outstanding notes OF cir
culation, and in closing the GtIlirS OF any
branch that shall have committed an act Of in
solvency, the holder Of any of its notes Of cir
culation, or other creator of such brunch may,
in case payment of such notes OF circulation or
olh.r claim has been refused when lawfully de
mautrd, and remains unpaid, upply TO any
court ofcompe,onl jurisdiction Tor lis VII. com
mlnding the Bank of Ohio so to proceed and
ii shall be the duty CT such court, altrr citing
such bank TO appear and slow cause Why such
writ should not issue, AMI upon the finding OF
iury that such act o( insolvency has ben
committed, to issuc their writ commanding
said bank forthwith TO proceed in the mann
pointed out in the preceding sections OF this act
to provide for the parmcnt Of the outstanding
notes Of such branch, close up its Affairs and
make application of lis usscis.
/ SIC, s. That if any branch of The Biak Of
Ohio shrl neglect or refuse to comply with any
order Of the Bank Of Ohio, rqurlnS such branch
! to reduce its circulation or olhrr liabilities, o.
to provide a larger nmonnt Of specie or other
means, or to pay in its stock, or to do, or cease
to do, any other matter. or thing which said
bank may deem necessary for the security OF
such branch, or any Other branch or brunch"s
/ said bank OF any director thereof, acting fDi
said bank may apuly to any iudyc of the su.
prema court or court of common pleas, or auy
inlg' Of superior court, by petition, in which
the Bank OF Ohio shall be made petitioner, and
the branch implicated defendant, setting lor;i
the substance Of such order or orders, aud sucl
neglect or refusal on the part of the branch it
; officers or agents, to comply herewith; and /
the president, vice president, or am director o
the bank, shall make affidavit Of tn truth of th,
facts therein stated it shall BE- the duty OF sUcl
r Judge to allow an injucion, and to cnjuin sucl
branch its officers, agents. anl all Others in IT,
f employ, or connected herewith, from doing, o
suffering, or permitting to be done, any buSincs;
whatever as bank, and from intermcddling
with. or in any manner disposing Of the books
papers, moneys, chooses in action, assets or prop
erty of the branch, whatsoever, until the urIhe
, order of the supreme court, or some judge there
, of. The petition shall be filed in The suprem
court al Columbus, as soon as injunction is al
4 lowed
/ SEC. Sc. Upon the allowance ofsuch injunc
ton the property, credits, securities, liens AM
assets of every description, of such branch
! shall forthwith vest in the Bank Of Ohio, win
shall appoint receiver to take possession O
+ the same, as provided in the forty-ninh SIC
5 ton of this act A certificate of appointmen
0 of such receiver by the judge or court, or cer
thereof, making the same, sha'! he suiiicieht au
thority to him TO take possession Of the books
c property and rights of every description of sue
= branch, and shall be full authority to the sheI
a i'll OF the county where the branch Is located I
u give such receiver lull possession OF such books
= property and rights, with the aia oil the county
y. II required and SAID bank and receiver sha
h be governed By the provisions OF this act, a
# provided In cases OF suspension and upo