The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-05-22
Tuws of Obio.
PUBLISHED by AUTHORITY.
mo. 1872. AN ACT
To incorporate the Bank Of Ohio and
nrau.I..

Section /. Be Il enacted 5y he GeRer
al dssemHy Of the State Of Ohio, Thar
the Bank Of Ohio be and the same Is here
| by incorporated with all the powers here
inaItor granted, and by that name shall
be capable of contracting. aud Of prose-
cutting and defending actions as fully as
natural persons, and Of doing Oh other
acts Necessary to effect the objects con
/ ltemplated in this act by the creation Of
fsaid corporation.
Sec. 2. That as soon as Eve or more
branches of the Bank Of Ohio shall be
organized, as in this act is authorized.
the directors Of the Bank Of Ohio, APP
pointed by such branches, shall meet in
the city Of Columbus at such time as
shall be designated by the board Of bank
commissioners, who shall give ten days
previous notice to each branch ofthe time
OF such meeting, aud provided two thirds
of the whole number Of such directors
shall be convened, they shall organize by
taking an oath, diligently, faithfully and
impartially to perform the duties impos.
ed upon them by this act, certificate OF
which oath, signed by each director, shall
be fled and preserved in the Office of
the secretary Of State, and by electing
some suitable person as president, who
shall preside at the meetings Of the board
aud sign its official Documents; and there
after the directory Of the Bank of Ohio
shall be composed Of one director ap-
pointed by each branch of said bank, two
thirds Of whom shall be quorum.
See. 3. Tho directors shall, when they
deem it necessary. elect a vice president.
whose duties shall be prescribed by the
by-laws They shall appoint a secretary
who shall keep a fair and true record Of
the proceedingsof the bank. They shall
keep an Office in the city Of Columbus,
which, together with their books, papers,
records, and accounts of every deScrip-
ton, shall at all times be open to the
inspection of any committee Of the Cen
eral Assembly, or either branch thereof.
and Of any commissioner or commissions
ers specially appointed for that purpose
by the General Assembly or either branch
thereof They shall procure aud furnish
each branch with notes for circulation.
and decide on the amount to be furnished
from time to time to each, within the
limits and agreeably to the rules and re-
strictions prescribed ny this act. They
may prescribe rules for the settlement Of
balance between the branches, revise their
bylaws and regulations concerning char
ges for making collections, and cause
both to be made uniform, or as nearly
so as may be expedient. They shall have
power, by themselves, or by commit
tee of one or more members Of their own
body, oi by special ageut appointed 10y
them for that purpose, whenever, and as
often as they shall think proper, to visit
any branch, inspect its books, records and
accounts, and all the evidences of debt
due to aud securities held by such branch; ;
examine and ascertain the amount OfmOn-
ey and other property held by such
branch; examine on oath the president,
vice president, directors, cashier, and all
Other officers, agents, clerks, or servants
Of the branch, touching it's conditions,
means aud liabilities. They shall have
power to require any branch to reduce
its circulation or other liabilities, within
such limits as they shall, after full inqui-
~ into its condition, deom necessary to
secure from loss either the dealer with
such branch. or the other branches of the
Bank'of Ohio. They shall, as soon after
the first Monday ofeyery month as prac-
ticable, publish in some newspaper print
ea at Columbus, a consolidated abstract
Of the monthly reports Of allthe branch
es, showing their assets, liabilities and
condition, which statements shall be re-
corded in a book or books to be kept for
that purpose. They may appoint an ex-
ecutive committee Of not less than three,
Of whom the president or vice president
shall DO one, to act in behalf of the bank
in all such cases, as shall be prescribed
by the bylaws Of said bank, not ineon-
sistent with this act
Sec 4 The president, vice president,
secretary, anda other officers or agents
of 'he banks shall each receive such com
pensation ior their services as said bank
shall allow. which shah be assessed upon
the several branches OF the bank og Ohio
| in the ratio Of their capital stock. The
bank may also allow the executive com
mittee such compensation as itshall deem
lust and reasonable, to be paid by the
several branches in the same manner
and the expenses ofprocuring plates an,
printing notes Of circulation shall be paic
} by the several branches, in the ratio o
the notes Of circulation, received by each
J Sec. 8. Each director Of the bank shal
continue in Office until the FIRST Monda!
Of February, next afler his appointment
: and until his successor shall be appoint
3 ed and qualified, vacancies in the hoarl
shall DO filled by the branch by whiel
the appointment vacated was made. Il
voting, each member shall be entitled Z
? two votes, and to one additional vote 70
every fifty thousand dollars of the amoun
of capital stock paid into the branch rep
resented by him over one hundred thou
sand dollars, at the time Of sach voting
lThe president and vice president Of th
bank shall hold their Offices foroue yeal
aud until their successors shall be AZ
2 pointed, but they may be removed by
s resolution Of the board. They aud a
other officers andagents Of the bank sha