The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-05-22

county mIHle aucn Dfhncn ~ hllWh-tNs
sot. 80 The general assembly shall
never impose any greater tax upon prop
srty employed ia banking undor this set,
than Is or may be imposed upon the prop
oriy Of individuals.
Sec. 40. Every branch may take, re-
serve, receive and charge on any loan orl
discount made, OF upon any note, or bill
of exchange, or other evidonc5 Of debt
at tho rate Of six per ccutum per annum
Of any such note, bill of exchange, or
otherevijenco Of debt 50 discounted, and
no more: Provided, however. That in-
forest may beroscryod ortakcnin advance
At the time ofmalsing the lOaa or discount
according to the usual rates OF banking,
or as calculated ia Rowlett's tables; aud
then knowingly taking, reserving or
charging on any debt or demand discoun.
ted Or purchased by any branch, a rate Of
interest greater than that allowed by this
section shall be held and adjudged a foi-
reiturs Of such debt or demand but the
purchass or discount ofa bona file Jill Of
exchange, or note payable at another
place than tho place of such purchase or
discount, and tho taking or rosorving Of
interest thereon nt the ra.o aforesaid, from
the time Of such purchase OF discount
until the maturity of such bill or note,
shall not be held usuli0us, although eX-
change on tho place where II is made
payable Is at the time Of such purchase
or discount wotth p premium; nor shall
| the discount or purchase OF bona 1de
bin or note. payable at place. between
which aud the place OF discount or pur-
chase, exchange IN favor of tho place OF
discount or purchase, and the taking in
addition TO tho rate of interest Aforesaid,
the rate Of exchange between such places
o deemed usurious: Provided, That no
loan to, or discount la favor of any di-
rector or sto0Sholder in which more than
six per cent. shall bo taken, reserved or
charged, shall bo forfeited, but tho same
shall be valid against cuch party. Pro-
vided further. That no moro than one
half of one per cent, shall DO taken as
exchange upon any such paper payable
in this state, and no more than one per
cent. upon any such paper payable out
Of this State and in no other case shall
between such places be- taken
Sec. Al. Tho total liabilities Of any
person, or Of any company or frm lin.
cluding in the liabilities Of company or
firm the liabilities of the several members
thereof TO any branch as accepter orac.
ceptors Of bona Gdo bills of exchange
payable ont of this state. shall at no
ftu,a .,...,aI ono. f...tI, 80 tt,, n,,,,,,,t al
the uotos which such branch is authorized
to circulate, exclusively Of Liabilities as
acoeptor or aoooptors, one-tonth, anil OK
elusive Of all liabilities on such bills Of
exchange one-twen.ieth part Of tho u.
mount ofsuch notes.
No braurh shall. at any timo pay out
on l. an or discounts, or ia the purchas-
ing OF drafts or bills Of exchange, or in
payment of dopositors, nor shall it in any
mode put in circulation the notes of any
bank or banking company which notes
shall not at that time ba receivable at par
in payment Of debts, by the branches SO
paying out or circulating such notes, nJr
shall it knowingly pay out or put in cir
oulalion any notes issued by any bank or
banking company which AZ tho time Of
such paying out or putting in circulation
Is not rodeeming It's notes in gold and sil
yer, nor any notes issued by any bank
out Of this State
All notes, bills, and other evidences Of
debt, excepting bills of exchange, dis.
counted by any branch. shall be lnado by
the terms thereof, or by special mdorso.
mcnt, payable sololy to such branch, and
no such evidence of debt shall DO assign
able except for collection, OF for the fol.
lowing purposes;
Flrst--Io pay and redeem tbs ciroua
tmgnotes Of such branch;
soconl--Ho pay other liabilities Of
such branch; and after such Liabilities
shall have been discharged;
Third--To divide among the share.
holders on their stock.
No branch, shall ISSUE any certificate
Of deposit, Order draft, bill of exchange.
or other evidence Of debt, payable in cur.
rency or in anything less valuable than
gold and silver coin, except receipts for
special deposits; nor shall any such
branch keep any accounts in currency or
IN anything less valuable than gold and
silver coin, except accounts Of special do
pos;ts
No branch, shall be permitted, in re.
celving payment at It's banking house or
othor place than whero the saul1 was pay
able, OF any noto, bill or oth5r evidence
Of debt, due to such branch. aud payable
at place other than its banking house,
to receive in addition to the amount OF
such debt and tho legal interest duo there
on, any SUM whatsoever as premium. cx.
change or damages; Provided, Nothing la
this section contained shall ploveut such
branch from receiving the damages al
lowed by law upon any bona lido bill Of
exchange, duly protested log non-aceep.
lance or non payment.
Sec. ~. All transfers OF notes, bonds /
bills Of exchange and other evidence OF /
iebt owing to any branch. or OF deposits |
10 lis credit; all assignments OF n.ortga.
ge' or other SECURITIES on real estate, o.
Of Judgments or DEGREES in It's favor; all |
deposits OF money, bullion or other val. |
iaJle tMng for It's use, OF for the use of I
my Of its stockholdera or creditors; all /
iaymeuts of mouey to either, made after
be commission Of act Of Insolvency, OF
n contemplation thereof with a vicw to
ho preference OF one CREDITOR to another.
kept in payment OF its circulating notes,
Va all ha hall ntf,,.ks all 80. 80 II