The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-10-01

ry description, OF such branch shall Tor hwith vesi
IN the bank o Ohio, who shall appoint receiver,
TO take possession OF the same, prayided in the
eleventh sect on OF this act A certificate o. APP
p1lntment OF such receiver, b. the .nige o. court.
or clerk thereof making the same. shall be sufficient
authority to him 10 take possession OF the books,
property and rights at every description ci such
branch, ard shall re full uth1riy the sheriff
the county where the branch - lJcited,to give such
receiver fall possession olsu;h books property and
rights, with the lid OF tho cJdny, it required and
saId bank aud rec liver shall be governed hV tie
provisions this provided ia ofsuspcu-
siVn; aud upon The dissolution OF such injunction or
adIscontnuance ofsuch suit by the bank. all tie
nights ID property OF such branch, shuii be restores
-, an vest in s1iI branch
SIC l3 The directors OF the Bank ocOhO, when
ever they may deem il expedent, may establish
olhc5 III each or either OF the cities OF New York,
Cincinnati ami Cleveland, Tor the receipt of deposits
anI redemption OF the circulating notes % the bran
ches, upon such terms Ghey may iro;n time TO timz
prescribe and also clearing house at Columbus
They may make all lies aai regulations nee ssary
to the good management OF such OI md clearing
hJLse require tbs raj brunchea cDuteibu to
the capital OF such Offices not exceeding five per
cent of the stock paid IN by each bra lea, anll Co
pei the branches to make their COLLECTIONS Gud depo-
sits with said Offices, ana 10 employ all such offices
and agents us may be necessary The net profits OF
said oiliceS shalt be divided among the branches
quitaby The oitl e in New GOrk, in transact lg
business at that place, may take, and receive
such rate of interest ms is or may be lawful by tt
laws of the State ct New York, and nomore
Sec 49, The Bank of OHIO, after establishing the
agency in New York shall when rcouirsd hS the
pToner Officers of tue State of Ohio, Glsrhorge il,
duties of transfer agent of the State and receive and
disburse for the Stute all moneys necessary TO be
received and disburstd in that citv in the navneut
/ of the public debt and interest thereon, without
compensation charge tor such SERVICE asd until
such moneys shall be actually paid out for such pur
pose or purposes; and said commissioners shall, il
hey deem necessary, take such good and sufficient
security as they NAV deem prone r To secure the re
payment of said moneys whibh shall be trken ia the
name of the State of Ohio and dGylsitad in tina nj
! afce of the Auditor Of State
t BRARoH BANK.
t SEC 20. Natural persons not less in number than
nge may associate ana lotnl Draiches OF the Bank
rhaG;n anb -, sncb rloca ~ ~ o1 :no I
bs DESIGNATED in the certitca hereinafter ren;red
to be made, subject the contingencies restrio-
tons, CONDITIONS ana na2uteS prescribe in this act
Inc ,;r ~ r0tsom1 ts 's1ocis 70 lJt branch sa
a ,~nicb sl,lI snariv ''''' '''""o o'i''i0u''
= first-The nam assumed BY such branch, an BY
S which it shall be known III Its dealings in wh' cl
name shall be included the name OF the city, village
ioN Ill ""lAh i'S '"i'N lug oP9ru'los snail Dc car
Secnnd-T,ha amount Of tho 'yri,,I .,o., IS -, !,
/ branch AMI the number ofshares into wach the sIn,
s., is dvled;
lnlrd-l ne name ana place OF residence and ttt
- u ''0iu " e'eH nA'hloer ol 0e copa
~ Fonrth-Tbe time when sucb c,n,,on>, .boy b,y,
e been forrn,d;
y Which certificate shali be acknowledged befare
Justice OF me Peace or notary public and shall o
~ y! ti' ,'Ji IT, V ino % u.i" WEI StI
=. him for thatpu.pase with Shall AZ all times durin
k oica hours BE- Kept open for the inspe Gtiun Of am
is person wishing to esanine tie same; one copy o
when cettihcate, duIy Ge',lIisd sAait be transmit
rn ,"o yba w. J
Il Ill the organization OF the Bank OF Ono and there
/. after to soil bank
It SEC. ~ NJ branch shall be permitted t.
!, comnencc or carry on the business OF htnkn
under this act,unless its capital stock shall be
Il least one hundred thousand dollars, nor ShaI
$, the capital stock ofany such branch ever be IN
III creased to exceed tour huadre thousand dollars
,e except as specially provided Tor IN THIS act.
'b least hlty per cent. oil the capital stock oil eac
lo branch snail be p1d IN gold and SILVER com
III their equivalent ona h9ll OF when lity per cen
r at least shall BE- IN @cld aud silver com, an
:" shall be III the actuRl possession and bona M
; the property OF th1 branch at the time oil TN
e. commencement Oh It's banking business ana a
/ the place ueSlgna ed ior carrying on Such buSl
lo DesS, ana tn rem unler OF the capital OF sucl
M u. branch Shall bo pnd ln IN ln'tlllmentS, each
v at e lst ten PER ceat on the wao.e amount oil th
ID capital SabSflD1d as frequently as once IN ever.
ro four successive months from the time OF com
.. msnclnS business unsl the whole amount Q
~ such capital Shall be pad up; Provided, lha
IS the directors OF the bank OF ONO maay eXten'
ii the time of the payment OF such deferred IN
II stallmentS or any part OF them to the branches
II when Satshed that the pubic interest does no
require mem 10 DC pau as frequently as "oo'
IL P'o'iueu o'' -. a
pr THc' 20 II any Sh'teLoluet VI MS "'slglae
slltIl ia,l W pay any in9'aHli'ohI on nus s'oc
wish 'no salT Stleti W " W 'u' Va
m oi''iicl may Son s1 S'ocA az puol''
at iiio si'on 'ii'eo "JGNs previous ho'o1 'hoteo
y IN " newspaper Pdoll9iie' III 1he co'Li'y "h'I
II inc o,anIn 70 ioo'too' W aL! P0Iooi, "no WI
pay 'no Piioo 'ii'lo'o'1 n'I ioS" 'ila VII
lo atiouli' u"PI'u 'h0ieoi' anu INC eAIe 3D. an
10 ''Ioi P"2 '"o Tio 1P0loo' y. WY T'''; "n"'
- ieiu''ueo 70 'llc oei,i'quonV stocN hoi''ei' A
o n''oo' o"n w Ou',a WIN WIN p1J tol "uGi s'oc
ic 'no "nicu',U uu ut'''A " 'li1 p'' an
COSTS o' ADVERTISEMENT anu salo Inc amount pre-
p ViouSly phd snail DC iorleiteu 10 Ihe orahchah
II II Such STOCK may o1 subsequently soid III sue
~ manner as the branch may oroef' A..
k oEc: ~ NO bfanch snail Ge organized un
it DER thiS act Ill tne county OF llaihllCon WIN
~ less capital than hve hundred thousand dollars
ID which may be increased TO any sum not exceed
,S ' ing one million OF dollars,
= Nor IN either OF tne counties OF OuyahoSa, 0
H. Lucas with q capital less than three hundre
D. thousand dol.afs nor IN either Oh Inc eountleSt
ii FRANKLIN or montgomery WIN capital LEI
III than two nun lred Thousand dollars, wnich ma
v be increased to any sum not exceeding SIX hur
OF dred thousand dollars
y SIC. 25. Any existing Independent banl
ot 5a banking company, branch Of the State Bank {
in Ono or free bank, caeated by the laws of thi