The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-09-18

| CulutiOn the note OF any bank or banking com
pany which notes shall NOT at that time be re-
cevablc a: par in payment of d, BITS. by the
| banks so paying out Or circulatOng such notes,
nor shall it knowingly puy out or put in circu-
laton any notes issued by any bank or bank
ing company which at the time OF such pay
ing OutOr putting in circulation is not re-
deeming its notes in gold and silver, nor any
notes issued by any bank out Of this state.
SIC. 30. All note, bills, and other evidences
Of debit excepting bills of exchange, discounted
by any bank, shall bc made by the terms thereof,
or by special Endorsement, payable solely to
such bank, and no such evidence of debt shall
be assigulbIe except for collection, or for the
following purposes;
First-To pay and redeem the circulating
notes of such bank
Second-To pay other liabilities of said bank
and after such liabilities shall have been dis
charged f. .furI. ....
Third-To divide among the shareholders on
their stock. .......
SEC. 30. No bank organized under this act,
shall issue any certificate of deposit, order draft,
bill ofexchange, or other evidence of debt, pay
able in currency or in anything less valuable
than gold and silver coin, except receipts for
special deposits; nor shall any such bank h erI
any accounts Ia currepcy or in anything less
valuable than gold and silver coin, except ac-
counts OF special deposits.
Sec. 81. No bank organized under this act,
shall be permitted, in receiving payment at its
banking house or other place than where the
same was payable of any note, BILL or other
evidence Of debt, due to such bank, and paya-
BILE at place other than al its banking house, to
receive in addition to the amount OF such debt
and the legal interest due thereon any sum what
soever as premium, exchange or damages Pro
vided, Nothing in this section contained shall
| prevent such bank from receiving the damages
allow. d by law upon any bona iide bill OF ex-
! fhnuup luly nTDiCStpl for Or
non-pay ayment.
Src. 81. All transfers of notes, bonds, bills
of excllange, and other evidence of debt owing
to any bank, or Of deposits to its credit all as
signments OF mortgages or other securities on
real estate, or judgments or DEGREES in its favor
all deposits Of money, bullion or other valuable
/ thing for its use, or for the use of any of its
stockholders or creditors; all payments OF m NJ
ey to either made after the commission OF an
act of insolvency, or in contemplation thereof,
i with a view to prevent the application of its
assets in the manner prescribed By this act, or
with view TO the preference of one creditor to
another, except in payment of its circulating
notes, shall be held utterly null and void.
SIC. 80. II the directors of any banks or
ganzed under this act, shall knowingly violate
or knowingly permit any Of the officers, agents
or servants Of such bank TO violate any OF the
provisions of this act, all the rights, privileges
and franchises Of said bank shall thereby be Tor
ieitcd; such violation shall, however, lie deter
mined and adjudget by d court of competent
Jurisdiction, asIeeaby to the laws OF this state
and the practice OF such court, before tie cOrpO-
ration shall BE- declared dissolved and in case
of such violation, every director who participd
ted in or usscnted TO the same, shall be held iu
BILE in his personal and individual capacity for
all damages which tile company, its shggehoid
ers or amy other persons, body polite or corpu-
rate, shall liuve sustained Ill consequence OF such
violation.
+ SEC. 81. Every president, director, cashier
teller, clerk or agent OF any bank, who shall
embezzle, extract, OF willfuily nisupply auy OF
the moneys, funds or credits of such bank, or
|, shall without authority, from the directors is
sue or put in circulation any of the nOlts oil
such bauk, or shall, without such authority, is
sue or put forth any certificate of deposit, draw
, any order or bill oil exchange, make any accept
ancc, sign any note. bond, druft, bill of rX
change, mortgage, judgment or decree, or shall
; make any false entry on any book, report or
? statement of the bunk, with an intent in either
case to niure or delraud such bank, or 10 in jure
or delraud any other company, body corporate
or polite, or any individual person, or 10 de-
ceve any officer or agent appointed to inspect
the affairs OF any bank in this state, shall be
= deemed guilty OF a mlsdcmeanOr, and upon con
yicion thereof, shall be confined in the peni
tentiGry at hard labor, not less than five nor
| more than ten years.
) SEC 35. Stockholders in banks organized un
der this act, shall each be Individually and sew
orally liable to the creditors of tank Of which
they are stockholders, in a sum equal in amount
, TO the stock owned by each, and Should any
such bank become insolvent, and its assets be
found insufficient 10 pay its debts and liabili
ties, its stockholders may be compelled to pay
, such deficiency, in proportion to the amount Of
r stock owned by each. and should the whole
amount for which stockholders or individually
responsible, as provided in this section, be found
in any case TO inadequate TO the payment of all
, the residue of the uebts of any bank after the
application Of its assets to the payment oil such
debts, then, and in that case, the moneys due
| from stockholders on accoun. of their individu.
al liabilities as such, shall be distributed equally
among all the creditors of such bank, in prop or
, ton 10 the amount due 10 each, the perso ma
liability in this section provided for, is over
and above the stock owned by stockholders, and
any amount unpaid thereon.
Src So. The General Assembly may alter OF
S repeal this act at pleasure, but no act altering
or repeating this act, shall impose any injustice
) or wrong upon the stockholders of any bank or
ganized under it.
SEC. 81. Every corporation organized under
? this act, shall have power TO make all necessa.
Y ry and proper bylaws for the management and
| control of its business and TO fix and regulate
the rate of charges for making collections. Tie
= Bank OF Ohio may revise the bylaws and may
also revise the regulations of the branches con-
r cerning charges for making collections, and
cause both to be made uniform among the
n branches, or as nearly so as may be deemed ex-
= pedient.
f SEC. 33. The corporations organized under
this act shall continue 10 exist so long nee.
y essary for the settlement of their affairs, not
. withstanding the repeal of this act and no law
! shall ever be passed dverting or appropriatng
r the assets of any such cooperation 10 any pur-
. pose other than to the payment Of its debts and
r liabilities, and the distribution of the residue
:, among its stockholders in proportion to the
y stock by them seveTally owned.
: IN RELATION To THE HANK OF OHIO