Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1856-05-29

Ohlo shall neglect or refuse to complv with an,
o order OF the Bank of Ohio, recurring smell
Or branch to reduce its circulation or other Tab;
ii ''es' or to provide larger amount of specie o,
''ner means, or to pay in its stock. or TO do
I OF cease to do, any other matter. or tbino
z winch said bank may deem necessary for ,bs
Il security OF such branch, or any other branch
n OF branches said bank or any director thereof
: "c',og Tor said bank, may apply 10 any iudre
: oil the supreme court or court Of eommon H..
G or any Judge Of the superior court. by petition
Ia which the Bank of Ohio shall be made nett.
Toner and the branch implicated defendant
setting torIh the substance of such order or
orders, and such neglect, or refusal on tbs r,r.
o' the oranch' Its officers or sggn ts. to complv
herewith aud if the presideat, vice president
OF any director of the bank, shall make aAfla.
VII OF the truth Of the facts therein stated 4
snal' be the duty of such Judge to allow aa in
Jucoon' and to enjon such branch, its officers
agents'and all others in It's employ, or connect.
ed herewith, from doing or suffering, or mar
hitting to be done. any business wha,.v.r
Oank' and from intermedding with. or in ANY
manner diSposing Of the books, papers, mon.
eJ' choseS 10 action, assets, or property of the
branch, whatsoever, until tha further orIa If
Tue supreme court, or some Judge thereof
! he petition shall be fled in the supreme court
AZ columbus as soon as Injunction is allowed
Sec. So. UpDa the albwalce of sneb IN
junction, the properly, credits. securities lien,
ana assets, ofsyery description, ofsucn branch
shall forthwith vest in the Bank of Ohio. who
'hal appoint receiver, to take possession or
'he S'm'' "Provilel in the forty ninth section
o' 1nIs act. A certificate of appointment of
'ueh receiver, by the judge, or court or clerk
hereof making the same. shall be sufficient
authority to him to take possession of the
'o1kS' 'perty, and rights of every descrip-
.lon, OF such branch, ani shall be (ull author.
'ty to the Sheriff of the county, where the
branch IS located, to give such receiver full
possession OF such books, property and rights,
'lth the aid Of the county, if required; and
sad bank and receiver shall be governed By t
'he provisions of this act, as provided ia cases
't suspension and upon the dissolution of "
such INJUNCTION or a discontnuaace of such t
urt by the bank all the rights aud property Of
'uch branch shall be restored to and vested in Il
aid branch, tt
Sec. 81. The directors of the Bank of Ohio =
whenever they may deem it expedient, NAV :
stabllsh an office in each or either of the cities
i New York, Cincinnati and Cleveland. for
he receipt of deposits and redemption of the g
notes of tho branches, upon such
srms as they may, from time 10 time prescribe
nd Also clearing house at Columbus. They r,
lay make all r1les and regulations necessary
} the good management of such Offices and =,
caring house, require the several branches
contribute to the capital Of such Offices, not
xceedng hve per cent. of the stock paid in by
ach branch, and compel the branches to make "
leir collections and deposits with said Offices, =
nd to employ all such agents as may be ne = ~
assary. The net profits OF the offices shall be -
yded among the branch as equitably. The
iice in New York IN transacting its business o"
that place, may take. reserve, and receive
ch rate OF interest as is or may be lawful by
e laws Of the State of New York, and no Dc
ore. prl'
Sec 20 AOv vid
mixing company or free bank, created by the Sna
VS. Of this State, and authorized to issue notes anu
circulation may, after the organization of the oeS
INK of Ohio, become branch of the Bank of pro
lio upon full compliance with all the requisi- ''ee
MS OF this act necessary to create branch of MOI
ch bank. The directors of any such existing Prla
nk, organizing as such branch under this act, sam
y do and perform all the acts required Of oy
to perfect such organization and ana
er the full organization OF any such existing Cula
TX as branch OF the Bank Of Ohio. sucb O. may
inal corporation shall be held 10 be dissolved IRON
ept for the purpose of collecting its assets !he
the final settlement of ;ts aFsiro in tho be
nner provided in its affairs in the manner ~
Vided in its charter; Provided that nothing shall
his section contained shall be so construed by Il
o require the Bank Of Ohio to admit any cula'
Independent or free bank to become state
nch of the Bank of Ohio unless the direct mak'
of the Bank of Ohio shal! be satisfied that mant
admission of such bank will not jeopardize by al
interest of the public. or of the Bank of o. m. nj
Sc
&c. SO, The Bank of Ohio, after establish. rer
its agency in New York, shall; as bonus notes
his charter, in addition to the taxes to be oank
ssed under the twenty-ffh section of this cIrcu
when required by the proper officers of the sald
e of Ohio discharge the duties of transfer nave
:, oe.Lo c..4o .: shall