The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1857-06-04
Sec. q; ! Persons 9 to fo,g
make certificate, SClfy.

, branch shall, under AQdysee
. make certificate, Glfy.
First-The name sasgdhed by sucl
! branch, and by whfh it shall be known
: in its dealings, in which name shall b,
;; included the name Of the city, village ol
town in which its banking operations
. shall be carried on;
Second-The amount Of the capita
stock Of such branch and tie number oI
, shares into which the same is divided;
Third-The name and place Of resi
, dence and the number Of shares held by
each member Of the company;
Four!h-The time when such company
shall have been formed;
Which certificate shall be acknowl,
edged before justice Of the peace or no.
tary public, and shall be recorded by the
; recorder Of the county where sach branch
is to be established, in book to be kept
by lin for that purpose, which shall at
all times during Office hours be kept open
for the inspection Of any person wishing
TO examine the same; one copy Of which
certificate, duly certified, shall be trans
mitted to the Secretary Of State who shall
record and carefully preserve the same in
Lis Office, and another to the Bank Com
missioner in this act named. until the or
ganization Of the Bank Of Ohio and there
after to said bank.
Sec. 22. No branch shall be permitted
to commence or carry on the business Of
banking under this act, unless its capital
stock shall be at least one hundred thous-
and dollars, nor shall the capital stock Of
any such branch ever be increased to e1-
ceed four hundred thousand dollars, ex-
cept as specially provided for in this act.
At least fifty per cent. of the capital stock
of each branch shall be paid in gold and
silver coin, or their equivalent; one half
of which fifty per cent at least shall be in
gold and silver coin, and shall be in the
actual possession and bona 6de the prop
erty of the branch at the time of the com
mencement of its banking business, and
at the place designated for carrying on
such business, and the remainder Of the
capital stock of such branch shall be paid
in, in installments, each of at least ten per
cent on the whole amount of the capital
subscribed, as frequently as once in every
four successive months, from the time Of
commencing business until the whole a.
mount Of such capital shall be paid up;
provided. that the directors of the Bank
of Ohio may extend the time for the pay
ment of such deferred installments, Or any
part Of them, to the branches, when sat
is6ed that the public interest does not re-
quire them to be paid as frequently as
above provided for.
Sec. 90. Ifany shareholder or his as
Sgnee shall fail to pay any installment
on his stock when the same. shall be re.
quired to be paid, the branch may sell
said stock at public auction, having given
three weeks previous notice thereof, in
newspaper published in the county where
the branch is located, to any person who
will pay the highest price therefor, not
less than the amount unpaid thereon
and the excess, if any, after paying the
expenses of the sale, shall be refunded to
the delinquent stockholder. If no bidder
can be found who will pay for such stock
the amount unpaid thereon 10 the branch,
and cost of advertisement and sale. the
amount previously paid shall be forfeited
to the branch, and such stock may be
subsequently sold in such manner as the
branch may order.
Sec. "a. No branch shall be organ
lied under this act, in the county of Ham.
ilton, with less capital than five hun
dred thousand dollars; which may be in
creased to any sum not exceeding one
million of dollars.
Nor in either Of the counties of Cuya-
hoga, or Lucas, with capital less than
three hundred thousand dollars, moi. =
either of the counties Of Franklin =
gomery, with capital less thai
,fdred thousand dollars, rshicl
creased TO any sum not excee
j dred thousand dollars.
Sec. 95. Any exis
bank, banking company
Stale Bank of phisa
by the laws of,
to issue notesa
the organizati
come a bralG s &. S
1 1fulLcom nj