The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-09-30

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the presidenttof said board to the bank Of ohio,
as soon as thssame shall be organized.
SEC. 81. The board of bank commissioners
shall examine the certificates offhe formation
of branches. transmitted to them as required
by this act, and shall, by one Of th-irs own
members or other special agent appointed by
them for that purpose, who shall not be stock
holder, in any Of the branches formed under
this act, proceed to examine the condition
of each ofthe branches which shall have trans
mitted to said board the required certificate;
and it shall by the special duty of such agent
to carefully count otherwise ascertain the
amount of money paid in on account of its
capital stock, to ascertain the name and place
of residence of each of the directors of such
branch, and whether their stockholders, di-
rectors and officers are men of responsibility
and integrity, and entitled to th, public conf
d.nce; and the amount of capital stock of
which each is the bona fide owner, whether
such branch has complied with all the re-
guirements Of this act necessary to entitle
the branch to engage in the business of bank
ing, and shall cause to be male and attested" by
! the oath of majority of the directors, and 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
|
provisions of this act and such agent shall
! Immediately report to the board of bank Com
,nissioners such statement and his proceedings
| in the premises. 9't
/ SEC. So. If, upon careful examination OF
the certificates of association, and the reports
and statements. of the special agents appointed
to ascertain whether the branches so organ
lied have complied with the provisions of this
|,act, it seall appear that FIVE or more such
branches have been formed, and that their
stockholders, directors and officers. are men
of responsibility aud integrity, and entitled to
public confidence, and that such branches
are lawfully entitled to commence the business
of banking, the commissioners shall certify
the same to the governor, and shall immedi-
: ately notify each of said branches thereof; and
within ten day, after receiving such notice
> each branch shall appoint. in such manner a.
the directors thereof shall prescribe, one per
son to be director of the Bank of Ohio. Bu
no person who is not a citizen of the United
, States, and a resilient of this State, and wht
r has not resided within this State at least one
Year next previous to his appointment, shall b
. such director. s-,5....r fs.-s5,.7 W.
SEC. So. The governor, if he be satisfied tina
the law has in all respects been compiled with
! shall issue his proclamation, setting forth tina
:, such branches authorized to commence
! and carry on banking, at the places SEVERAL.
designated in their certificates of association
: which proclamation shall be recorded in tn
Governor, and copy of said record certife'
= under the great seal of the State of Ohio, shal
{. be prima faci evidence of the organizasion Q
+ said branch. SOS eaE- asa
SEC 54. The bank commissioners and al
: agents appointed by them, shall each be eI
titled to receive for their services under thi
, act, five dollars per day for every day necess'
: rly employed in the discharge of their dutie
I! and their reasonable expenses, to be paid
'1 the Bank of Ohio. lelsaf 7al ,..rilrs -
al SEC SIS. This act shall take effect and be
, force from after the second Tuesday of Octobt
!, next, if the same shall be approved by a M
: iority of the electors voting on that day, an
y not otherwise. i-ri 5fps7
4. N. H. VAN Worries,
l. Speaker of the House Of Representatives..
=. .a,t THOMAS H. FORD, +
:" President Of the Senate.
&c April IA, 1857. ot-- l5i,a5 1i.sas Is, 7., ~