The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-09-11

see md Tuesday Of october next for their approy.
al
StcrioN !. Il il enacted by. the General As
'mbly Of The State OF Ohio, That IL shall b,
luWlul l"T natural individual PERSONS, mi f.wrl
~ nnmbrr IN any Case Than Eve, to assocnit
anu iorm companies luI the purpose Of auying
IN ne business of banking, each at such plu re
IN this state shall be Il signatcd in its articles
~ asSOtiaiinn. bDd in the certificate heunsitri
required to be made, subject, however, 10 TIN
contingencies. restriction, conditions and liza
billtics phscrib'd in this oci.
SIC To carry into effect the provisions
81 this act, WIN. Scarborough, Of Cincinnati
Franklin I. BaCkus, OF Cleveland, ChonnCcy
~ OldS. Of Circl-rillr, J. T. Finn. Of COum
bus, omd Samu'l Nurnr Ul Dayton, shall b., and
they are h r'by appointed commission rs. and
'hey, or II majority Of them, after taking an
tah tlilig"nty foilhfully aud impar,isily to per.
form the duties assigned them by This net, a
certificate Of which oath shall b. filed and care
fully preserved in the Office Of the secretary OI
state, shall constitute a board 10 be designated
ihe board oi bank commissioners which boa ri
shall continue until the Organization Of the
Bank oi OHIO, as hereinafter provided for, and
thereafter the duties which they are required to
perform by this act, in the organization of
brunchps Of the Bank Of Ohio, shnll be peIlnrm-
ed by said bank and The dutirs in the orgnniza.
ton, of Independent banks which they are re-
quirrd By this act to perform, shall tlevolve on
and b, performed by the auditor, Treasurer anil
secretary of stnte, who shall b. commissioners to
perform such duties, and if BDy of SAID commits
siuneTs shall refuse to serve shall die or rrsign
his place shall be filled by the G,.ncral Assem-
bly,, by joint resolution, if in session, and fnoi,
by the governor.
SIC. g. Said commissioners shall meet in the
city Of Columbus, at snuh time, within thirty
laNs ftar ln f,Cn n.,t, L..
as shall be appointed BY the governor, who shall
notify each member of his appointment, and
of the time and place of meeting they shall
when met, appoint one their number to be their
president. who shall, under the order of the
board sign all official documents; and they
shall cause fair and true record of all their of.
fetal proceedings to be kept in book to be pro
rided for that purpose.
Src 4. Persons Bssociating to form bank
shall under their hands and seals, make certili
cate which shall certify,
First-The name assumed bv snch bank. and
by which it shall be known in its dealings, in
which name shall be included the name of the
city. village or town in which its banking on
erations shall be carried on;
Second The amount of the capital stock Of
such bank, and the number Of shares into which
the same is divided;
Thlrd-The name and place of residence and
The number Of shares held BY each member of
the company;
Fogrth-The time when such company shall
have been formed
Fiith-That such company has elected to car
ry on iis operations as an independent bank, or,
as - branch OF the bank Of Ohio" as the case
may he, which certificate shall be Acknowledge
ed before Justice of the peace or notary public.
and shall be recorded BY the recorder of The
county where such bank is TO be established in
book TO be kept BY him for that purpose.
winch shall at all times during office hours be
kept open for inspection OF any person wishing
10 examine the same ; one copy of which ccrtifi.
cate, duly certified, shall be transmitted TO the
secretary OF state, who shall record and careful
" preserve the same in his Office, and another
10 the board of bank commissioners.
SIC. 5. No company shall be pcrmttcl to
commence or carry on the business Of banking
under this act, as a branch Of the Bank of Ohio.
unless its capital stock be a least one hundred
thousand dollars, nor shall the capital stock of
any such branch ever be increased to exceed
four hundred thousand dollars, except as srp
clally provided for in this act No independ-
ent bank shall be organized under this act with
a less capital than fifty thousand dollars nor
shall the capital stock OF such bank ever b. in
creased TO any sum exceeding two hundred
thousand dollars, except ms specially provided
for in this act. At least fifty per cent. Of the
capital stock of each company shall be paid in
gold and silver coin, or their equivalent one
hall OF which fifty per cent. at Last shall be in
gold and silver coin, nnd shall be in the actual
possession and bona fide the proncrtv of the
company at the time Of the commencement of
us banking business, and the place designated
Tor carrying on such business, and the remain.
der OF the capital stock OF such bank shall I've
paid IN, in Installments, each Of al least ten nor
m he e .I.
scrloed, as frequently Us once in every four sue
cessve months, from the time of commencing
business until the whole amount Of such capi.
tai shall be paid mp: Provided, That the direc-
tors OF The Bank Of Ohio NAV extend the time
for the payment Of such drftrr nstallments.
ar any part of them, 10 the branch banks. when
sa tislied that the public interest does not re-
qulre them TO be paid as frequently as above
provided Tor, and the governor NAV grant to
the independent hanks the like extension for
the same ca Use.
SIC: 6. If any shareholder or his assignee
Shall fail to pay any installment on his stock
when the same shall be required to be paid, the
directors may sell said stock at public auction
having given three weeks previous notice there.
OF IN newspaper published in the county
where the bank is located, TO any person who
VIII pay the highest price therefor not less than
the amount the due thereon; and the excess. if
any, after paying the expenses of the sale shall
be refunded TO the delinquent stockholder, II
no bidder can be found who will pay for such
stock the amount due thereon to the bank and
COSTS of advertisement and sale, the amount
previously paid shall be forfeited to the bank
enu such stock may be subsequently sold in
such manner as the directors may order,
Sfc. T. The board of bank commissioner
shall examine the certificates of the formaiinn
OF banks, transmitted to them as reouireI bv
the fourth section Of this act. and shall by one
OF their own members or other special agent
appointed by them for that purpose. who shall
not be stockholder in any Of the banks formed
under this act, Immediately proceed to examine
The condition Of each of the banks which Shall
nave nay transmitted TO said board the required Ger
uhcaie; and it shall be the especial duty of
such agent to carefully count or Otherwise ascer.
70 sS'n lhe amount OF money paid in on account