The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1857-06-04

tlement of their affairs, Notwithstanding 7
the repeal of this act; and no law shall
ever be passed divertihg ofappropriating
the assets of any such branch to any pur-
pose other than 10 thespayment Of its debts
and liabilities, ard the distribution of the
residue among its stockholders in proper
ton to the stock BY tnem Seyerally own
ed
BANK CoMMIssI IoNERs.
See. 80. TO carry into effect the pro-
visions of this act, VIM. W. Scar borough,
of Cincinnati, Franklin T Bacus Of Cleve-
land, Hooking H. Hunter, of Lancaster,
J. R. Finn, of Columbus, and Samuel
Forrer, of Dayton, shall be and they are
hereby appointed commissioners, and they
or majority of them, after taking an
oath diligently, faithfully and impartiaily
to perform the duties assigned them by
this act, certificate of which oath shall
be filed and carefully preserved in the
office of the secretary of state, shall con.
sttue a board to be designated the board
of bank commissioners; which board shall
continue until the organization of the Bank
of Ohio, as herein provided for, and there
after, the duties which they are required
to perform by this act, shall be performed
by said bank; and if any of said commiss'
iners shall refuse to serve, shall die or
resign, his place shall be filled by the
governor.
Said commissioners shall meet in the
city of Columbus, at such time, within
thirty days after the adoption of this act,
as shall be apps >4ed by the governor,
who shall notify -ch member of his ap-
pointment, and of the time and place of
meeting; they shall, when met, appoint
one of their number to be their president,
who shall, under the order of the board,
sign all official documents and they shall
cause a fair and true record of all their
official proceedings to be keptin book
to be provided for that purpose, which
shall be delivered by the president of said
board to the Bank of Ohio, as soon as the
same shall be organized.
Sec 81. 7 lie board Of back commissioners
shall examine the certificates of the for
nation of branches, traSmtted to them as
required by this act and shall by one
of their own members or other special
agent appointed by them Tor that purpose, who
shall not be stockholder in any of the BRAN
chcs formed under this act, Immediately pro-
ceed to examine the condition OF, each OF the
branches which shall have transnT Ted to said
board the required certificate, and it shall be
the especial duty Of such agent to carefully
count or otherwise ascertain the amount OF mo-
! ney paid in on account Of its capital stock, to
ascertain the name aud place ofresidense of each
of the directors Of such branch, and whether
their stockholders, directors and officers are
men of responsibility and integrity, and enti.
tied to the public CONFIDENCE aud the amount of
capital stock Of which each is the bona fde
owner, whether such branch has complied with
all the requirements of this act necessary TO en-
title the branch to engage in the business oil
banking, and shall cause to be made and attest
ed by the oath of a majority of the directors, d
by the cashier OF such branch statement OF all
; the material facts necessary to enable the board
| of bank commissioners to determine whether
? such branch is lawfully entitled to commence
the business of banking under the provisions Of
, this act, aud such agent shall Immediately re-
port to the board of bank commissioners such
| statement and his proceedings in the premises.
l Sec. SO. II, upon careful examination OF
the certificates of association, and the reports
and statements Of the special agents appointed to
ascertain whether the branches SO organized
, have complied with the provisions of this act,
IL shall appear that five or more such branches
have been formed, and that their stockholders,
directors aud officers, are men Of responsibility,
and integrity, and entitled to public confidence,
! and that such branches are lawfully entitled to
| commence tho business of banking, the commits
4 sioners shall certify the same to the governor,
. and shall Immediately notify each Of said bran
ches thereof; and within ten days after receiv.
ing such notice, each branch shall appoint, In
Y such manner as the directors thereof shall pre-
scribe, person to be director of the Bank OF
/ Ohio. But no person who is not a citizen of the
United States, and resident Of this State and
who has not risided within this State nc
G least one year next previous to his appointment,
n shall be such director.
Sec. SO. The Governor, II he bo satisfied that
the law has in all respects been complied with,
] shall issue bis proclumS ng forth that
0 such branches are authe commence and
\ carry on barking, at the syeFally desg.
/, mated in their cortifcats auon; which
= I, proclamatioAskrl be the oiiice OF
4 the Governor. AID "a Qrd certified
= under the great stal OF tllc OhI6s shall
I be prima eiaItvidcnce q lgenization ol
said branch. Y
See 81 The bank commissioners aud alt a.
! gent appointed by them, shall bach be entitled
i to receive for their services under this act, five
Q doliafs per day for every day necessarily em'
ployed In the discharge Of their duties, and theil
: reasonable expenses, to be paid by the Bank Of
u Ohio.
Q Sec S., This act shall take effect and be in
: force from aud after the second Tuesday Of Oc'
, tober next, ir the same shall be approved by
e majority Of the electors voting on that day, an(
= not otherwise.
. N. H..VAN VORHES,
! Speaker of the House of Representatives
d TH0S. II. FORD,
h President of the Senate
Q April 14Ih, 1851
9 Auditor's Office, Jackson Coomiy,
Y June 4, 1857,
l hereby certify that the acts published
y in this paper are correctly copied from thC
. = official paper Of this State.
II JOHN STEPHENSON,
Auditor of Jackson County
;. Arrival of the Canadian.
;, QUEDEc, June lst.--The steamship