Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1857-10-01

- - 80
- sss -: 40; -. - : hasA s,ss 90
- sss.SS &c 80 a ss sAO-l. q. so.aa.-
s.ssa Ss.S ss 49, ! 4. 80. ,asst 2 - IssA 5 s
~ ~ na gsasrli a.s1'lly - -, - : sa...a
IA uge- P.sg spy~d = 6--issr ~ - - =, - =.
As. 40 kvuFy IraacA "a - -.
% a'y Ia. @ dlssuaf made upo. s-y -, y -. -
81 sn s y. .s,, -. - = ~ - q "a - ss
oher ss.ases e h % aeoauisA aaa - rsors 80.
Srssss a. s = ~ - s.' a. nay = ,I.s hsa ss5s~ss
raa., q easiHg q q eaeuiAssd = RoeIss isli.- - a
saosiaEy ekiag rs.srvas ehassiaE o. asy 49, :,
el greater th.n that al0wod b. ihs ,es an - y nle
Adaaged brfufr q EA ds6s o. sssaI e1, ~. ssa -
another pAcs thaa ths plass q sach pa1s..
The taking o. reFving q iatsssst ss ~ a. -, ~
q such bl shall aog b held ar. ~. ~ @A,uf
change on The plAcr uheFs maAr payabI. n "a - ~
sesa psfsn.ss q a.eo1at vssh P.s@ian sAz As q.
hstvesn whish and The Plsce q aoounf a. purrha-
s ever q ths Phs d.osuhtor srAs.s sSd r. ,.s.
betveen such places be deemed usurious Prov, -
loan 20 Or d.cOhl in hsOr of any dirsctor o. -
% sha 3 % =, ise, % I'm. sas al = ilss = rsssr.d q shy
party, Provided fwther Thai no mI4e thar o,-h.iSt -.
ss, s = ak'n a. s1shsnss upon any sueh paPsT ~
paper payable out Of this state AID IN No ca. shs o
the current nate Of exchange between such place h sko
a
firm ncudng in the liabitisr of q comp-nT or a. "
laoes Of the several meubss theofl % any branch a. -
ssPt ss s q bona hds bills eEoangs payAb Out
the notes which such bfaneb auihoria 70 erruats s
sss ~ m a. aeeptor q scspirs oneenth ami sEcll
part o. the amount Of such notes.
No branch shall at any time pay on loans or Iceun
or In purchasing Of drafts bills 81 srelnee ar IN
depositdrs shall i IN any mode nut IN ercratio ~ ~
o. any bank or banking company which nos shall not a, M
time Be ecvabe at par in of deb BY the branch.
pay cut put in culasn any notes issed by sa1 ar
antng company whle hs time of sun paying out or pv
nor any notes issued By any bank out a ths selte
An notes b and other evidence of dsbt sEcSv.inv I'M,
terms thereoG or by special ihdoTssmss, p,hl. 49,
branch and no such sVdeDce Of debt shs k AsEns'
Frst-To Iay and redeem the riyculss,,. 49,. II -,
second-TO pay other liabilities Of such hsnpsS ,Sd 80,
such liabilities shall have heOn discharged; ~
Ihtrd-Io divide among the sharhoders on their stock
No branch shall Issue any certificate Of deposit order drA
bill Of exchan or other evidence Of debt payable IN
or n anything lss valuable than gold and silver eoin sIOsp.
any accounts In currency in anything cs valuable tan rOt
and silver coin except accounts of special depoIlts
h aa oe permitted N reoeiSiug payment at is
Of any note bill other evidence Of deb due 10 uch b.Dh
and payable a. place other than at s banking house % 10
est due thereon sum whasOover a. premium sTeh1ng
damages Provided Nothing In this section contained shall prS
vent such branch from recVng the damages allowed bT Iav
upon any bona hde bill Of exchange duly Protested T nons
ceptanoe or non-payment -'--'
sSc a. All transfers Of notes. bonds bs Of s1shaar. and
other evidences OF da ewing to any branch Of deposits
credit all assignments Of mortgages or other scu q, r,I
estate OF ofudgmeut decrees in s hvor I'll deposits q
money bullion or other valuable thing for M or for the
Of any Of Its stockholders credtoru all payments Of
either, made after the commission Of an act Of naoVeneV or
In contemplation thereof with view TO pFsvsnt ths Application
Of m assets In the manner prescribed By this Ae OF with
view to the preference OOne creditor to another except u nav
meIt Of ts circulating notes. shall be held utterly uu aaa
void ~
SEC 4s. ths directors Of any branch tha kuOwnrly vo
late or knowingly permit any ofths Oce aEsns
rights privileges and franchises q uncS branch .ha
be determined and adudged by court Of compssnt jusd
tOn agreeable to the laws ofhis State practice su
court before the corporation shall be deeepd Dissolved snd
Of such violation every director who participated IN on
seuted to the be ahls IN hs personal and ind
ydua capacity for oil damages which the branch s shArSho
ders or any other persons body polite corporate ShG
have sustained in Consequence Of such violation.
sEo a. Every president director cashier teller, clerk
agent OF any branch embezEe abstract Wnly naADpl
OF che moneys, funds credits Of branch or sha
without authority from the DIRECTORS issue put circulate
Of the notes Of such branch shall without authort
issue put forth any certificate Of depose or draw any ord
bill Of exchange make any reeepAessgn any note bOu
draft bill Of exchange mortgage or other instrument OfWr
or shall make any false entry book report saSmtt
ofthe branch with utent ueliber njure OF eau
such branch or to ujure dand ether company bod
officer agent appointed 10 Inspect the Affairs Of any brane
shall be deemed guilty Of mlAmeanOF and upon eoavieo
thereof shall be confined in tho prniteay at hard labor
less than nog more than ten years.
Sec IS. stockholders IN branches shall each be ludivdua
and sevey liable to the creditors brunch Of which
by each should auy such branch become insOvsut sod
assets be fund insufficient to pay lie debts and abiies
tOn the stock each and should The Who
amount for which stockholders individually responsible
provided In hS soon be found ID ans case 70 Be aadeousl
70 the payuens Of all residue u the ebts u branch a.
the application Of m asses 10 the payment Of such debt ths
the moneys due from stockholders account q their indvidu
liabilities SUCH shall he distributed eQaaly AEasng A h
creditors Of such branch In proportion to the us % sl
the personal liability in this section provided E aad sboS
the stock owned by aOckhde and unpaid there's
Sec 80 The general assembly may ssR repeal this &C
at pleasure hut no act altering repeating hsact shall mp
auy injustice or wrong upon The stoekhOss S branch
and proper bylaws for the management and control Gifts bus
and to x and regulate the rate Of charges for making
ectoas subject be cOntroed thercn b. the bank Of Ohs
Sec No branch vhaH sne any notes intended fr clreuh
ton money except the notes furnished for that purpose by H.
bank oOho and al such uoes shall be payable ct the bT.pr
nv which hsv ara issned In god and lxsr con the En %
rency 1.-THE Uued States either At the option ofhe braue
demand they shall be signed BY the president vceprssi
dent Of proper branch aud cOuntergned BY the cashier
thereof made payable bearer aud shall Be ego BY der
cry aH other evidences Of debt issued any Jsuch Be
goable transferable in the same ifsued by ns
person and shall buding the branch whether undo,
aud B such evidences Of debt other hau
cutou shall Be papabie he order pf some peraa ere
Soc aO The branches shall continue ex 80 long a. u.c
sary for he settlement their aars unwhstaudinS fhe
peal Of This ak and noaw shall be passed dverng or an
proprug Che assets Of any such branch to any purpose os
au TO the payment Of s debb and distribution of N
residue arng lie stockholders in drOPoOn the stock by rr
BANK COMMISSIONERS.
sEc So To carry into the provisions the act Wu
Scarborough Cncnnat Franklin r Baetus Cave.n
Hooking H. Hunter Of Lancaster, j. H. Finn ofCoIumbus an
Samuel Forro dayton shall be and they herer appon
cd nsaoners and they. majority Of them after akiD
an cath dgeno lthfuly aud mpartay to perform the A
ties assignee them BY this set certificate Of which oath s
BE- HIed and carefully preserved n the oee Of the secretary
stas shall constitute board BE- designated the Har
which beard shall continue until the OTe.ni
O 81 Bank ofOh q herein provided br and heroaI1
he duties which they required 10 perform by this A A..
b performed BY said bAnlG aud u any Of said cOmmsSoue
shall rs to serve shall de or resign, hi place shall b n
ssiS eomnoners shah sst the city Of ooumSussa am,
time within thirty days after the Adopsioa q his ae shall
anponted 6y e governor, who shall noy each member n
snpoutmeni and Of the aue and place Of meeting tey ~
when met appoint Of eir number b Be eir pfesIds.,
o sha under the order Of fhe bOard sing ell ofca A.
meutx and they shah cause fair and true record Of a
ooai proceedings 10 be ke in akOok 10 Be provided fr A.
purporse which han Be Delivered BY e president Of sAd A.
u ne bak Ohio a. soon 90 same shat b OFeanised
sac ST. The bard of bank eomsiaaioasrs shaa e..m,.
me ceracaies ote rmasa Of bEanohss Fasnmitsed = f.
a. required BY h ac and sha By one q hsr memban
ohet speeiageai aputed By them pr % puposs who nj
nat he III Of the bfqaehes EHod u -
immedlatey proceed 10 examine e condition Of sach AZ a.
branches which shall have transmitted % aid board Feau,.
ccrHcaa aud hsha DO e spsc duty e such agent 10 caFe
" oounf or ohewse ascertain me amount ofmOney paid IN an -
dence q each ofs directors Of such br.ach and whesr a.
sockhadeFs directors and officers mca q rdpOasb sad
integrity and entitled the public commences and the amount
N CAPITAL stock which each bona nos owner whether -
branch has compiled win az Ee FequFemea Of s aes nou-
nv 10 eue branch engage IN e business Of hankar a
shaU cause to Be made and asd By me oah By maja d
e dirctors and BY cashier S subj ancha sasmsn Al
A. Al a T.