Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1856-05-22

whe has not resided within this State at least
one year next previous to his appointment
shall be such director.
Section 40. The directors Of the bank oi
Ohio who shalt have been appointed agresaoly
to the provisions Of the preceding section snai
from the time of its organization uSIIi the arS'
day Of May. in the year one thousand eight
hundred aud 81 sventy-seven. and thereafter un>
| III ths sgairs Of the several branches OF the
bank of Ohio shall be finally closed up, be 3
BODY corporate. With succession. and by the
name of the bank of Ohio, capable Of contract
inc snd of prosecuting, and defending suits or
actions, as fully as natural persons, Vnd oil do
inc all other acts aud things necessary to effect
the object contemplated in this act by the for
nation of said corporation. They shall meeti in
the CITY Of Columbus at such time as shall be
designated by the board Of bank commission
ers, who shall give ten days previous notice to
each branch of the time Of such meeting; they
shall each take an oath diligently, faithfully
and impartially to perform the duties imposed
on them by this act, a certificate Of which oath
shall be filed and preserved in the office OF the
Secretary Of State: They shall organize pro-
yided two thirds Of the whole number shall be
convened, by eleCting some suitable person as
president, whose duty it shall be to preside at
the meetings OF the board, and sign its official
documents. They shall elect vice president
whose duties shall be prescribed by the bylaws
of the corporation. They shall appoint sec
retary, who shall keep the pr Oceedings of the
banks, They shall keep an Office 10 the city of
Columbus, which, together with their books,
papers, records and accounts Ofevery description
shall At all times be open to the inspection o
any committee of the general assembly, or either
branch thereof, and of any commission or com
3 mss,Oners especially appointed for that parpOs
!. BY the general assembly and of any person ap
Ia pointed by any one of the branches The.
shall procure and furnish each branch will
>. notes for circulation and decide on the amour
to be furnished from time to time 10 each, with
in the limits and agreeably TO the rules and re
. strictions prescribed by this act. They MAJ
. prescribe rules for the settlement Of balance
between the branches They shall have pow
er by themselves or by committee of one
# more members of their own body, or by spe
3 cal agent appointed by them for that purpose
! whenever and as often as they should thin
~ proper, to vi sit any branch, inspect its books
or records and sccounts and all the evidences {
A. debt due to and securities held by such branch
ri examine aud ascertain the amount Cf none
i. and other property held by such branch eH
a. anime on oath the president, directors, cashie
Al and all other officers, agents, clerks or servant
D. of the branch touching its condition, means an
in liabilities. They shall have power to requir
q. any branch to reduce its circulation or other
,e abilities, within such limits as they shall, atte
OF full inquiry into the condition, deem necess'
ry to secure from loss either the dealers wit
i. such branch, or the other branches Of the ban
nd of Ohio: They may require the officers Of eae
of branch to make out, under oath, and transm
IN to the Office of said bank at Columbus. statt
ii ments OF the condition thereof, in such form 6
q. such bank shall prescribe, and as frequentl
ID as they shall deem proper, which statement
ID shall be recorded in book or books to be keT
a. for that purpose. They may appoint an exec
IA utive committee ofnot less than three, ofwhor
70 the president, or vice president shall be one.
10 act in behalf of the bank in such cases, and per
10 form all such duties as shall be prescribed b,
ts the bylaws of said bank not inconsistent will
ia this act.
at Section Al. The president, vice prssiden
&c. and secretary of the bank shall each receiv
all such compensation for their services as sal
of bank shall allow which shall be assessed upc
b, the several branches of the Bank of Ohio,
ID the ratio of their capital stock The bank ma
k also allow the executive committee such com
pensation as it shall deem just and reasonable
L. to be paid by the several branches in the sam
ct manner; and the expenses of procuring plate
" and printing notes Of circulation, shall be PAL
" by the several branches in the ratio of th
notes of circulation, received by each.
cd Section 42. Each director Of the bank shal
all continue in Office until the first Monday of Feb
70. ruary. next after his appointment and until hi
nd successor shall be appointed and qualified : vs
&C. canoes in the board shall be filed by the branC
y by which the appointment vacated was mad
Of in voting, each member shall be entitled to on
ol vote, and to one additional vote for every Eft
a thousand dollars of the amount Of capital stoc
be paid in TO the branch represented BY him owe
one hundred thousand dollars at the time
ed such voting. The president and vice presidel