The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-05-07

It's vault, an amount equal 10 at least
thirty per cent of the s@Ount Of its ost-
sIRa6ing notes, of rireulsuon;an wbea-
ereT the amount OF its outstanding notes
Of circulation shall exceed the above nsn-
ed proportion, no more Of its notes shsii
be paid out OF otherwise put 10 elrculaHont
BY such bank, nor shall saoh bsuks IN.
crease It's liabilities, by making any 5eT
loans or discounts ,ether than discountiug
or purchasing bills Of exchange payable,
at sight, nor make any dividend Of its pro-
FITS. until thsreqaired proportion between
its outstanding notes Of circulation. and
gold and silver coin. or their equivalent
on hand shall be restored. Actual de.
posits eith any solvent bank or banker,
of established credit. 10 the cities Of New
York. Boston, Philadelphia. or Baltimore
subject 10 be drawn against at sight, pay.
able in gold and silver coin, shall be
deemed equivalent to gold and silver coin j
wherever these terms are used IN this
ect. % e- s- a-<,r
Section al. No bank organised under
this actohsIl at any time. be indebted or
in any way liable to an amount exceeding,
if a branch Of the bank Of Ohio, tive
thirds. or if an independent bank, the
whole amount Of its capital stock ut such
time actually paid in, and remaining as
capital stock undimiDished by losses or
otherwise, except on the following accoata
that is to- say,
First-on account Of ils notes Of cir
eulBtion;
Second On account of moneys de.
posted with or collected by such bank;
Third on accouu, of bills of exchange
or drafts drawn against money actually
on deposit to the credit Ct, or due to such
bank;
Foarth-.Liabiities to It's stockho! !
6efa on account of money paid in, on
capital stock and dividends thereon.
Section 92. No bank shall, either di |
rectly or Indirectly, pledge hypothecsle
or exchange any ofits notes OF circulation
for the purpose Of procuring money, to be
paid in on its capital stock, or to be used
inits ordinary banking operatiaas, or for
the purpose ,of purchasing certificates CT
state stock to be dpposied with the Treas
urer Of State, or with tts bank OF Ohio
nor shall any bank apply or permit TO, be
applied hy po,hecsted or pledged any Por
tion Of its capital stock to the purchase Of
certificates Of State stock. to be deposited
with the Treasurer Of State. as collateral
security for The redemption oiita notes Of
tFcuiati0n.
Section 90 TO bank shall, during the
time 1t shall ooGt tnue its operations as a
bank. withdraw eT permit to be with
drawn either in form Of dividends, loans
to stockholders for longer period of time
than feur mon!hs, or in any other man
rev, &ny portion OF its capital stock; and
If loases shall ct any time have been sus
tanned BY any bank. equal to or exceed
ing its undivided profits then on hand no
dividends shall be made, and no dividends
shall ever be made hV any bank while it
shall continue its banking operations to an
amJunt greater han its ne' profits :k-n
on hand, deduo ing therefrom its losses
and bad l. suspended debts; and all debts
due to bank, on which interest is past
due and uppsid for p1rod of SD. months,
unless tho same sha! be well secured,
end ehalI BE- in the process Of collection,
shall be considered bad or suspended
debts, within the meaning Of this sec
ton.
Section 81. The directors Of each bank
shall. semi.annualY on the first Monday
in May aud November, declare a divi-
dend Of so much OF the ne profits Of the
bank as they shall Judge expedipnti and.
on each dividend day. the cashier shall
make a full, clear and accurate statement
Of the condition OF the bank as it shall be
on that day. after declaring the dividend,
which shall he verified by the oath OF the
cashier. president and majority of the
directors, and similar statements shall al
80 be made on lhe Grst Monday in each
month. in each year. which statements
shall contain,
First--The agaosnt 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, spe.
cifyiug the amount OF each denomina
ton;
Third-Thp greatest snount Of circu'
| lation at any time since the making o: tbe
| last previous statement, as shall have
been exhibited by the weekly statements
Of the cashiers. specifying the time when
| the same occurred;
Fourth-The amasnt OF balances and
debls ofeyery kind due TO the branches o.
the bank Of Ohio. she amounts due te
other banks of the State, and the amounts
! 10 -, hnnts nj of thie Siafa,
Fihh-The amount due to Cepositors;
/ Sixlh--The total amount Of debts ane
liabilities Of every description and lhs
! greatest amount since the making OF th'
| last previous statement, specifying tht
time when the same occurred;
Segenvh-- be total amonnt Of divi.
dends declared on the statement;
| Eighth--Ths amount Of gold and siive
coin and bullion belonging to such bank
l and in possession. at ths time of making
the statement. designating The srnonns q
each; .a ~e fas%
| Ninth Tie amount subject 10 be draw
at sightin gold and silver. then remainin
On deposit with solvent specie payin
banks or bankers. in the cities Of Ne'
n York. Philadelphia. Boston and Bait
ncrc;
f Tentb--The amount then on hand, {
bills or notes. issued by branches Of th
bank Of Ohio, the amount Issued by othe
banks Of thia State and the amour
issued by banks not of this State; z
Eleventh---The amount Of balances du
from branches Of the bank Of Ohio. the .
| mount due from other banks Of this statt
and the amount dae from banks'nos Of thi
State. excluding. in the latter ease
. denosits In the ciiies Of New Yorl