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

'hSs O"ion, ouo IL eilCa pIcolucuL, ANlf;e pres
j eat orsany Director Of the bank shal
make affidavit of the truth of the fact
1 therein stated, it shall be the duty of sucf
judge to allow an injunction, and to enjoir
such branch, its cffic ;r, agents, and all 9th
lerssin its employ, or connected Herewith
from doing, or suffering, or permitting te
/ be done, any business whatever as q bank
and from intermeddling with, or in any
manner disposing of the books, papers,
money, chooses in action; assets, or property
lof the branch, until the further order Of
! the supreme court, or some judge thereof
A petition, reeiting the proceedings had,
shall qbe filed in the supreme court at Co
lumbus, as soon as injunction is allowed. 3
! Sec II. Upon the allowance of such
injunction the property. credits, securities,
liens, and assets, of every description, oi
such branch, shall forthwith vest in the
Bank of Ohio, who shall appoint a receiver
20 take possession of the same, as provid-
ed in the eleventh section of this act "A
certificate of appointment of such receiver,
| by the judge, or court, or clerk thereof,
making the same, shall be sufficient author
.lity to him to take possession of the books,
j property. andrights of every description.
of such branch, and shall be full authority
to the sheriff of the county, where. the
branch is located, to give such receiver
full possession of such books, property and
rights with the aid of the county, if re-
lquired; and said bank and receiver shall
be governed by the provisions, of this act,
as provided in cases Of suspensions; and
fupon the dissolution of such Injunction,
or continuance fof such suit by the bank,
all the rights and property Of such branch
shall be restored to and vest in the said
branch. 5sfsgsf, 8, e.sa, rs 4as.s;, ~.
Sec. 1S.r The directors of the Bank
of Ohio, whenever they may deem it ex-
pedient, may establish ON Office in each or
either of the cities of New York, .Cinein-
natl and Cleveland, for the receipt of de-
lposits and redemption of the. circulating
I notes of the branches, upon such terms as
they may from time to time, prescribe and
also q clearing house at Columbus They
may make all rules and regulations neces-
4 sarye to the good management of, such
Offices and clearing house, require the
several branches to contribute to the, cap.
hital of such Offices, not exceeding Eve per
cent. of the stock paid in by each branch,
and compel the branches to make their
collections and deposits with said offices
and to employ all such officers and agents
as may be necessary. The net profits oi
said Offices shall be divided among, the
branches equitably. The. Office in New
] ork, in transacting business at that place
may take, reserve and receive such rate oi
j interest as is or may be lawful by the, laws
1 of the State of New York and no. more.
i. SEC. IS. The Bank Of Ohio, after .es.
il tablishing its agency in New York, shall
when requiredby the proper officers Of the
& State of Ohio, discharge. the duties .o1
transfer agent Of the State. and receive
and disburse for the State all moneys ne
cessary to be received and disbursed ir
that city, in the payment of the public
debt and interest thereon, without com
pensation Or charge, for such service, ani
until such moneys shall be actually paid
out, for such purpose or purposes; ani
! said commissioners, shall, if they deem
necessary, take, such good and sufficient
! security as they may Deem proper, to Sc
! cure the repayment Of said moneys, which
s shall be taken in the name Of the State o
Ohio, and deposited in the Office of ths
!, Auditor of State. .ls..N ~ s
) sss. ii +, BRANCH BANK, e. ~
q SEC. 90. Natural persons, not less il
number than five, ,omay 'associafe-and form
branches of the Bank of Ohio, for the lpur
pose IF carrying on the business of.bank
ing, each at such place in this State "A,
! lshall be designated in the certificate here
! |inafter required to be made, subject to til
/ contingencies, restrictions, conditions ami
: liabilities prescribed in this at.o sai Il ID
SEo.a 81. Persons associating sto form
! a branch shall, Iunderstheir handsand seal
: make q certificate. which shall specify, s
/, lst,-The name assumed by such branch
Q and by which it shall be- known in its deal
ings, in which name shall be included tn
!, name of the city, village. or town in Mhicl
/; its banking operations shall be carried on
r Second--The amount of the capita
= stock of such branch and the number Q
' shares into which the same ia divided
/ Third-The name and place of resi-
e dence and the number of shares held !:
: each member Of the company; - as.
Fourth--The time when snoh eampan.
J. shall have been formed ii szas
d Which certificate shall be acknowledge
# ed before justice ofthe, peace or notar
h public, and shall be recorded by the re
i Ieorder Of the county where such beanchi
81 to be established, i'm hook to beikeptfo
81 that purpose, which shall at all times dur
Y ing Office hours be kept open for the ip
y lspection of any person. wishing toa exam
h inc the. same sone copy of which certi6
5 cate, duly certified. shall be transmitted 4
g the Secretary Of State, who shall recer,
# and carefully preserve. the same. in hi
y Office. aud another to the Bank Commis
nj sioner in this act named, until the organi
!. zatioa Of the Bank Of Ohio, and thereafte
" to said bank, IS, sss Is s.is sssoa Is
III SEC a. No branch shall be permitte