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

hand IN gold aud silver coin, or their cquiva ent.
one.half ut least OF which shall be in gold and sill
yer coin, in its vault, amount equal to at least
thirty per cent tf the amount of lis outstanding
notes Of circulation shall exceed the above named
proportion, more of its notes shall be paid out.
or otherwise put in circulation by such baLk, nor
shall such bank increase its Liabilities, by making
any new loans discounts other than discerning
or purchasing bills Of exchange, payable at sight,
make any dividend of its profits, until the re-
quired propu,t ton between it's outstanding notes
Of circulation. and gold aud silver coin, or their
equivalent on hand, shall be restored Actual de
,iOsits with any solvent bank or banker, of estab
lished credit, In the cities of New York, Boston,
Philadelphia Baltimore. subject to be drawn
against sight, pay able in gold and silver com.
shall be deemed equivalent to gold and silver
coin, wheiever these terms used in this act.
Sro 81. No bank organized und. this act shall
at any time, be indebted or in any way liable to
an amount excet ding, if branch Of the Bank Of
Ohio, two-thirds, or if independent bank, the
whole amount Of its capital stock at such time ac-
tually paid in, and remaining as capital stock un-
diminished by losses or otherwise, except on the
following accounts that is to say,
First-on account o its n Jtes of circulation.
Stcond-On account Of moneys deposited with
or collected by such bank;
Fourth-Liablities to its stockholders on ac-
count Of money paid in, on capital stock and div
idends thereon.
Sro. ~. No bank shall. either directly or in
directly, pledge hypOthecate or exchange any of
IFS notes uf circulation for the purpose of rrocur
ing money to be paid in Oh its capital stock, or to
be used IN its ordinar, baub ling operations, or for
the purpose If purchasing cert rates Of state stock
TO be deposited with the treasures Of state, with
the bank of Ohio; shall any bank apply or per-
nit to be applied, hypotheticated or pledged, any
portion of its capital stock o the purchase of GER
tlfcates of state stock, to DO deposited with the
Of state, collateral security for the
demption of its notes of circua ion
SIC. 80 No bank shall, during the time it shall
continue its operations as bank, withdraw or
permit TO be Withdrawn, either in form of diyi
dends, loans to stockholders, for longer period
of time than four months, or in any other mannrr
any portion of its capital stock: and if losses
sha at any time have been sustained by any
bank, equal to or exceeding its undivided profits
then on hanl, dividends shall be made, and
ne dividend shall ever be made by any bank,
while it shall continue its banking operations to
an amount greater than its net profits then on
hand, deducing therefrOm its losses and bad and
suspended debis and all debts due to a bank, on
which interest is past due and unpaid for period
OF six months, unless the same shall be well Sc.
cured. and shall be in the process of collection,
shall be considered bad or suspended debts. with h
in the meaning of this section.
SIC. "a. The directors Of each bank shall, semi
annually on the first Monday in May and Noyem-
Der, declare divideno of so much ofthc net pref.
its of the bank as they shall Judge expedient and
on each dividend day, the cashier shall make a
full, clear aud accurate statement of the condition
of the bank as it shall be that day, after decar
ing the dividend, which shall be verifi, d by the
oath of the cashier, president and majority . +
the directors and similar statements shall also be
made on the first Monday in each month, in each
year, which statements shall contain,
First-The amount Of the capital stock actually
paid in, and then remaining, as the capital stock
Of the bank;
Second-The amount of the bills or notes of the
bank then in circulation, specifying the amount OF
each denomination
Third The greatest amount in circulation at
any time since the making Of the last previous
statement as shall have been exhibited by the
weekly statements OF the cashiers, specifying the
times when the Same occurred
+ Fourth-The amount of balances and debts of
every kind due to the branches of the Bank of Ohio
the amount due TO other banks ofthe state and the
amount due TO banks not OF this state
Fifh-The amount due to depositors
SiXth-The total amount of debts and liabilities
of every description, and the greatest amount since
the making of the last previous statement specify
ing the time when the same occurred;
Seventh-The total amount of dividends declGr,
ed on the statement;
Eighth-The amount of gold and silver coin
and bullion belonging to such bank, and in pos
session. at the time OF making the statement de-
signaling the amount of each
Nlnth-Ihe amount subject to be drawn at sight,
IN gold and silver then remaining on depo lit with
solvent specie paying banks or bankers, in the
cities OF New York, Philadelphia, Boston and Bal
timore
Tenth-Tle amount then on hand, of bills or
notes, issued by branches of the Bank of Ohio the
amount issued by other banks of this state and the
amount issued by banks not of this state
Eeventh-lhe amount of balance due from
branches of the Bank Of Ohio the amount due
from other banks OF this state, and the amount due
from banks not OF this tate excluding in the latter
case, deposits in the cities of New York Philadel.
Phia, Boston and Baltimore subject to sigh drafts
payable in specie
Twelfth-The amount on hand of bills, bonds,
notes and other evidences of debts discounted or
purchased by the bank, specifying particularly
the amount OF suspended debt, the amount con
sidered bad, the amount considered doubtful, and
the amount in suit or Judgment;
Thirteenth-The value of the real and personal
property, held for the convenience of the bank
specifying the amount of each
Fourteenth-the amount of real estate taken in
payment of debts due the bank;
Fifteenth-The amount of the undivided profits
Of the bank;
Sixteenth-The total amount of the liabilities
to the bank by the directors thereof, collectively
specifying the gross amount of such liabilities a.
principal debtors, and the gross amount as indors
ers or sureties which statement shall be forthwith
transmitted TO the auditor of state.
An abstract OF every such statement showing
the condition Of the bank, shall be immed lately
published by the bank in some new paper printed
i III the county where such bank is situated.
/ SIC. %. The General Assembly shall never i'm
pose any greater tax upon property employed IL
banking under this act, Than is or may be impos
ed upon the property of individuals.
/ Sac. 26. Every bank organized under this ac
may take. reserve, receive and charge on any loal
or discount made, or upon any note, or bill of ex
change or other evidence Of debt, at the rate o
/ six per centum per annum on the amount of any
such note, bill Of exchange, or other evidence o
/ utbt SO discounted, and no more Provided, how
ever, That interest may be reserved or taken il
advance at the time Of making, the loan or dis
count, according to the usual rules of banking, OF
as calculated in Rowett's tables aud the know
| ingly taking receiving or chargin on any debt or
at rate of interest greater than that allowed b,
this section, shall be held and adiudged a forfeit
ure OF such debt or demand, but the purchase o
4 discount of bona ide bill of exchange, or not,
! payable at another place than the place Of sucl
| purchase or discount and the taking or reservng
Of interest thereon at the rate aforesaid from tht
1 time Of such purchase or dscnnnt nnlil lhn n,nin