The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1857-07-09

the several branches 10 contribute To Inc Caplbhl
OF such Offices exceeding FIVE per cent. OF the
stock paid in by each branch, and compel the
branches to make thrir collections and deposits
with said offices and to employ all such officers
and agents may be n cessary. The net profits
of SAID officers shall b. divided among the branch
cs equitably. The Office in New York, 10 trans.
acting Business at that place, may take, reserve
and receive such rate of interest as is or may be
lawful by the laws of the State of New York, and
no more
Sec. 10. The bank Of Ohio. after establishing
its agency in New York, snail. when required by
the proper officers of the ate Of Ohio discharge
the duties Of transfer agent OF the State. and re-
ceivc and disbur-e for the State all moneys neces
sary to be received and disbrrsed in that CITY, in
the payment of the public debt and interest there
on, without compensation or charge Tor such ser
vics, and until such moneys shall be actually paid
out for such purpose or purposes; aud said com
missioners. sha J. if they deem necessary, take
such good and sufficient security as hey IN y deem
proper, to secure the repayment of said moneys.
which shall be taken in the name of the State OF
OHIO, and deposited in the Office Of the Auditor of
State.
! BRANsu BANK.
! SEo 90. Natural persons, not less in number
than five, hay associate aud form Branches OF the
BdnS Ut OhiJ, for the purpose VI carrying ON the
/ business OF binking, cdch at such place IN TINS
state shaI be design tted III the tiicate here
IuaItsr req Ired To made. subject TO the coh IN
| gunces, restric ions, conditions and liabilities
| prescribed III tins act.
shall, under their hands and seals make csrtlf
| ate, whIc shHll specify,
| Flrst-The name assumed by su branch, and
| by " hich IL shall 0e known ia its dealings, in
VIII name shal. BE- Included The name OF the city,
/ village town in which ITS banking operations
/ shalI be carried on;
second The amount of the capital stock of
such bran, h aud The number Uf shares into which
| the same i, divided;
Third he name and place of residence and
the nuubsr of shares held by each member Of the
! company;
Fou:th-The time when such company shall
| have been formed;
| " hich certificate shall be Acknowledged before
a just OF the peac" or notary pubic, and shall
Ue recorded by The recorder OF the county " here
such branch is to b. established, in a book to BE-
kept by h IN for thai purpose, which shall at all
tunes during Office hours be kept open for the in
| sp,c lou vf any person wishing TO ximine the
same; one copy ut which certificate, duly certified,
shI be transI .te the Secretary of State, WhU
III ali record and cIreiuly preserve the his
oitic-, and mother 10 tre Bank mmi, ,siontr in
thus act nam ID until The organ zation he Bank
Of Ohio, AMI thereafter t. sa d bank.
SEC. y. NJ branch shall be permitted to COM
merce or carry on the busihe ut banking under
this act, uules its capital ock shall be le,,t
! one hundred tn Jus md liars nor shall the capi-
tai stick amy such anch be increa ed to
exceed four hundred thousand dollars, ex epL
| spccial!y provided fIr in this act. At lea-t fifty
per ceht. of he capital stock of each branch shall
| o. Tald IN 20 ana silver coin, or tbtlr equlVa
lent Ont hilfO which htty per mt. at least shall
be in gold and silver OIn and shal be in The act
uil possession and ma tids the property of the
branch at the time of the commruc, ment of ;
banking bus ness AMI a the p ace designate d for
/ carry ing on S sch business, and the remainder o
the ca Ita stock Of such branch shall be paid in ,
/ in insta iments. each of at least ten uer cen on
/ the whole amount uf the capital subscribed, as
FREQ ne tly once in every foLr successi ye llhs
| irIln III time of commencing Business until the
rl,. I'M, nf nf ha
Provided, that the directors of tine Bank of Ohio
may extend the time for the payment of such de-
f rred insl ailments, or any part of them, to the
branch, S. VIII satisfied that the pub c Interest
d res not require them to be paid al frequently as
above provided for.
SIC %. Ifany shareholder or his assignee shall
fail to pay any inst llrnent his stock wnen the
same shall be required to tie paid, the branch may
self said STOCK at public auct On, having given
three weeks rrvious nutics thereof, in newspa-
per pntlished in the county where the branch is
/ .cared, o any person VIII, will pay the highest
price theref,r; not ess than the amount unpaid
thereon; AMI the excess if any, after paying the
cx enses of he sale, shall be refunded t. the de-
! iinq ent strckhulder 1t no bidd r can be fuun
/ VIII Will 'ay for such stock the ampunt unpaid
the the branch, aud costs of a vertis ment
nj {. .stie amount previously paid shall he for
flied he bra .ch d such stock nay be sub
scquently soll in such mannet as the branch may
| order.
Sc 2l. No b9nch shall be organized under
this act. in the 'unty of Hamilton, with less
capital than five hundred Ii Isaud do lars: which
may nc Increased - any sun not exceeding one
mill on of duiIars.
Nor in either o. the counties of Cuyahoga or
Lucas. with a capital less thln three hundre |
thousand dollars, nor in either uf the mites of
F,ank'n Mont ;"mery, with a cup tai less than
two hundr ho sand dollars which m " he in
creased to amy sum not exceeding six hundred
thousand dolIars.
! SEC % any ex sting independent bank bauk-
in company, branch of the State Bt of Ohio ur
free btns. eatei by the Laws If this staL., aud
authorized to issue not for circulation, may af.
| ter the organ znion of he Bank of Ohio b come
Il hrancn of the i INK Of OHIO, upon fall cOmpli-
dnce with ali the req sitIOns of tn,s act necessary
| to create IA branch OF >uch bank The directors of
any su h ex sting INK, org an Il is such branch
under his act, may do aui perform all the acts
J qulrrd of ihOdes 10 perfect surh org Iniz i.
t,ou; AMI after the full organization at any such
EXISTING blu a. A branch OF the Bank of Ohio,
such original corporation III Ill e held tn b. dis
80 we'd cErcptn the purpose Of collecting It's a.
sets an the dnal settlement OF its tfura III the
manner provided IN its ch rter; Provided that
| ~ thiug in TIA se,tson coat uned snail be Goa
,tr ed - To require tine Bank OF OI'O to admit
a.y 81 Independent or re balk To become a
br ,nch f he b u.k of ohio, urlr,s the directors 5
uf the B Bmk I o ii shalt be satisfied tha the ad.
mission of -ucl branch wi nor l-Opadizs the
. Interests of the pub ic, of the BL k If ohio.
SEC % rne ra,ItlI t ct OF eA2l brtrch shall
be divided into shares of one hundred Il liar,
each aud shall be as>tgnAb!e on III. TO k, If the
braLch in such m tun-r it's by law, SHALL pre-
c ibc, but no sha ehollers shall power to
sell ur tran fer any shares hed III his own right
10 - q, he sha br Liable either pinCipli debt
~ ; ret or OH .Iwi>c to he auch. FIR ny deut,
without h con .ent If Il uijori of tne directors
Nor shalt such shtrtholie., when liable to he
branch f,r any debt III /, overdue, b. entitled to
receive am divide ID, inirres or profit such
shares, so | ng AS such liabilities shall contin Ie,
but all such dividend, Interests orprufts snail be
retaiued b. tht b gnch and applied To the dis
charge of such iab tiles,
Src 81. No branch shall ttke, as security fo'
any loan or dscoun a lien on a ~ part of Q cap
al stock buc III, sl.ue security, both in kind aud
4mo mt. hull b. req ire of h'reholders, as OF
per o nIJ shar, holders; and ~ branch shall b=
the holder pu cha-er ofauy portion its capital
stock ~ of tn" ca ta st OK ola y other ncor' ora