Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1856-05-22
WHOLE NUMBER, l,272.


or purchased blythe bank, specify ing particularly
The amount Of debt suspended By 1.-THE amount
considered sure and the amount considered
doubtful. and the amount 10 suit or judgment;
Thireenih-Ths value OF the real and per.
sonal property, held FOR The convenience Of the
bank, specifying the amount Of each
FourieentL-The amount Of real estate taken
in payment Of debts due the bank
Fifteenth-The amount OF the undivided pro-
fits Of the bank;
Sixteenth-The total amount Of the liabilities
to The bank by the directors thereof, collective
lY, specifying the gross amount Of such liabili-
ties as principal debtors, and the gross amount
as endorsers or sureties
Seventeenth-The total amount of liabilities
to the bank of the stockholders thereof col
leclively. specifying The gross amount of such
liabilities as principal debtors. and the gross a.
mount as indorsers or sureties which state
ment shall be forthwith transmitted to the Au-
dilor Of State.
An abstract Of every such statement showing
the condition Of the bank, shall be immediate
ly published by the back, n some newspaper
printed in the county where such bank is stu.
ated.
Section 25. The general assembly shall rev.r
impose any greater tax upon property employ
ed in ba hiking under this act. than is or may be
imposed upon the property Of ofindividuals.
Section p. Every bank organized under
this act may take, reserve, receive and charge
on any loan OF discount made, or upon any
note, or bill Of exchange, or other evidence of
debt, a! the rate of SIX per centum per aunum
on the amount Of any such note, bin Of ex.
change, or o.her evidence of deb. so discount
ed, and no more provided. however. that in.
teres may be reserved or taken 10 advance at
the .ime Of making the loan or discount, sccor-
ding to the usual rules Of banking, or as calcu.
lated in Rowlett's tables and the knowingly
taking, reserving or charging on any debt or
demand discounted orpurchased BY such bank,
at a rate of interest greater than that allowed
by this section, shall be held and sdjuiged a
forfeiture OF such debt on demand but the pur-
chase Of discount, and the taking or reserving
o. n crest thereon at the rate aforesaid, Gom
the time Of such purchase or discount, until the
maturity, such bill or note, shall not be held
usuriOus, although exchange on the place where
il is made payable is at the time of such pur-
chase or discount, worth premium nor shall
the discount or purchase of bona fde bill or
note, payable at place, between which aud
the place Of discount or purchase, exchange is
in favor of the place Of discount or purchase,
and the taking in addition to the rate Of inter-
est aforesaid, the rate of exchange between
such places, be deemed spurious provided no
more than one half of one per cent shall be ia.
ken as exchange upon any such paper payable
in this State, and no more than one per cent
upon any such paper payable out of this State,
and in no case shall more th the current rate
Of exchange between such places be taken.
Section 27. The total liabilities of any per.
son or of any company Or firm, (ncluding in
the liabilities of a company or firm the liability
Of the several members thereof to any bank
organized under this act, inclusive of liabilities
as acceptors of bona file bills ofexchange, shall
at no time exceed one half, inclusive Of liabii>
ties as acceptor or acceptors, one fifth. and ex-
elusive of all liabilities on such bills of ex-
change one-tenth part of the amount of the
notes which such bank is authorized to crcu-
ate at the lime of such liabilities.
Section %. No bank shall at any time, pay
out on loans or discounts, or in purchasing of
drafts or bills of exchange, or in payment of
depositors, nor shallit in any mode put in cir
culation the notes of any bank or banking COM
pany which notes shall not at that time be re-
ceivable at par in payment of debts, by tie
banks so paying out or circulating such notes,
nor shall it knowingly pay out or put in circu-
lation any notes issued by any bank or banking
company which, at the time of such paying or
putting in circulation is not redeeming its notes
in gold and silver nor any notes issued by any
bank out Of this State.
Section go All notes, bills, and other evil
dences of debt, excepting bills Of exchange,
discounted by any bank, shall be made by the
terms thereof, or by special Endorsement, pay
able solely to such bank, and no such evidence
Of debt shall be assignable exception collection,
or for the following purposes
First to pay and redeem the circulating notes
Of such bank
Secord-TO pay other liabilities of the said
bank and after such liabilities shall have been
discharged
Third-To divide aLong the shareholders
on their stock.
Section 81. No bank organized under this
act shall issue any certificate of deposit, order,
draft, bill of exchange, or other evidence Of
debt, payable in currency or in anything less