The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1856-07-09
NUMBER II.

:. lquantity of circulating notes in the simil. .
n tude of bank notes, in blank, of the severa.
: denominations provided for in this act as he
may, from time to time, deem necessary %
!, furnish to such Independent bankS aecoslire
. to the provisions hereinafter set forth; wbic.,
notes shall be countersigned, numbered an.s
registered in proper books to be provided and
kept for that purpose in the Office Of sai treas.
urer, under his direction, by such person or
] persons as he may appoint so that each de-
: nomination. of such circulating notes shall
bear the uniform signature of one of such reg
isters and all the notes of each separate de-
nomination shall bear the same device ami
bear general simiItude; and the notes or
bills to be SO countersigned shall have stamped
or printed on their face the words sssecared by
, the pledge of stock
SECTION 63. The plates, dies and materials TO
r be procured by the Treasurer of State, for the
/ printing and making the circulating notes pro-
vided for in the sxtieth section nf this act.
, shall remain in the custody Of said Treasures
and under his direction, and tho expense no.
cessarily incurred by him in exeeuting the pro.
visions of this act, shall be audited and settled
by the Auditor of State, and paid out Of any
moneys in the treasury, not otherwise appro-
prated and for the purpose of reimbufsing tho
same to the treasury, the said Treasurer Is
eain.t INA .aosi, saaa sa ess REQ, saalsc
such circulating notes, such rate per oentum
thereon as may be sufficient for thst purpose,
and shall, from time to time, equaaize said en-
puises an.es ss oan 70 Wnom sacn olrcu-
sser,os "a
shall have canses to be tsg and s,srsa s-.
by the President and cashier thereof, the circu.
lating! notes received from the Treasurer Of
maIs s N .he suen anasr as may DC reens,.e %
maud at is. nl,ce of bns;,,sse ~ snsh, -
hereby authorized to issue and cifcrlsts the
same as money.
+ sEcr;osg s5. 1t shall be the duty of the treas
urer oi state TO receive mutilsted circulating
dsnt ss,J -, aa,;ss -
er scirculetins: notes to- an edual amount. and
the said mutnated notes. after an account shall
/ have been entered on the proper book OF books,
.ha - es y ~ ssap
fthe officer or agent of said bank bv vbosn.t
said notes shall have been delivered to the said
treasurer ana certificate OF said burning,
1919, ~ ~ sl'u sre.surer, sna.. os msce ,nine
lsiven to said agent. '' rsl'.''ss w
SYa,,os ee RI. ,r. 20 .-x :,
10 INV eotn,,aT III ,:,s s..,..u ,..,..r.
shall have been ,1enos;ted ..ceor,i;nos -
the nrov;s;ons ~. tIa fftr a;r-,,.h -
of ti;s act norars of ot,orrs,, 5,
] Itse interest or I;r;dends ,herson ,s; mS;.s
Interest or f3iyi5end SINH banf nav 80. -.
lceiyefi and annlvs to ;ts ,,nn .l,,;t s,,ch
powers Of attorney shah baconos v.;a 8
lon onn s,oh Lo,L s.;,;, =, ...,. u.
c;rcplat;nr notas ,ss,ad !. ..'as 80. ~.
nrov;ded bowavar n II "a s.
fof any Of the stocks nh,dre5 for H. sss,,
rity or redemntjon Of the cirrnIaf;no, .S,se.
issued by. auy ..nch hank. >. ,s;s sf,.r.s.;d
shall be at the stock. erchange Is ,be s;sy
of New York for fnur consecnt;ve : 5 i've vasLs.
lat . nrice mr. rate loss ,ban The 4ohs ~
which sncb stock shall have .baen: secfin,,..
tied when 50 deposited and pledged: che
treasurer shall rece;ve and ra,a;n tbs ;r-
terest or dividend on such deprecated
stock so pledged, until the interest so re-.
lceived, when added to the market value Of
|stock SO pledged, to be ascertained as In
this section before provided, will be equal
in amount to the amount for which surh
stocks we're pledged; and he shall deposite
the amount SO received with any folvent
bank in this State, at such rate Of inter
est as snail be agreed upon, or, at the OPP
''oh o''he pank " whicn sucn Stocks
4 we're deposlted' invest snea interests or
d'v,aenas IN any OF the stocks oy this acs
autloTizeo 81, nor 70 pe pieogeo, IN tue name OF
the treasurer OF state n trust Tor the nank
i ny Whom .ne STOCKS GU Wnicn sucn ihtcr.
1 est or. saisidends may have accrued. shall
/ nave peen piedged; and whenever the price
/ q suen deprecated stocks, at the New
ork Of, s STOCK eScnar ge' snail r,ses 70 the
price ~ when they were piedgeo py Inc
pans' anu SO remain ior iour CONSECUTIVE
tweeAs, sach, investment snah oe assaeneo:
20 sucn eank' ana 81. accraang lnsefest ea
sucn pieogeo STOCK sna1l tuetealsef De palld
70 such oanK. .iissa s; 9
l., SECTION 81. The stocks transferred 70
the treasurer OF state BY an independent
Ifor, b -