The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-10-02

money 20 made lhall be applied
Hf.tro rclnhurss ai moaeys vhlch shah have bee, Al,
Vanced by he several lFanghc, of ne redemption n The
notes and the bills Of The inovcu branch and which NAV no,
have been pysviousy reimbursed nom the safety fund
inhd, other than moncTt derived o that poyiiop of ~
safety fund binishedby the fsilpg iranch
ths-te ihe p,ymeg, ,nd d'sha'ge Of sllhs Fsmaalng
Fourhrhg Fesidue shabe divided nmocg the s,ochhoti
,r Of the failing 6F'oeh In rrupOTon to the stock By them
iec H. n any branch rains,, which he!Bsnh Of Ohio
shal have instituted pfoeelng any suppoas
act Of insolvency pcsobsd by the eleventh section Of
his aci shall deny having committed such Of n,ovenry
such bfNnch may apply 20 any Of cumpeten Jurisdiction
e. AT Of nuacon to said Hank Of ohio to su,pend I'M
nd such After eitat aA Hank Of Ohio to sppeaf and
show cause Why such eft should no bo granted aGsI
tiuuod nds continues % redeem, 10 gold and silver p
70, noies of circulation, shall make otcr enioninr he
IA M Of Ohio fom a Further pfoce u against f,ngh
Of the supposed act Of insolvency. which such
nf9ceednr instituted, and phcfeupou al the prprfv
t1 Of ech branch shall D. ssored TO it, drcctoFs
see. t5 lf the Bank Of ohio shall, In any case hd
1reed the Fbe u the nrcgning sections Of
Is pFayidng co. e paymcn, Of The outOndine notes
NrFuatinn and 10 closing the ulV Of ant hfanch that
hn have committed % insolvency. the holder or any
nfrr ulatou otet creditor Of such ~ neh NAV
a ease payment Of such notes Of cir uston or m ~ claim
been fsfased when aNfly demanded and fcmans un.
did, appy any Of competent Jurisdiction ur ID,
ut commanding The Rank ~ uhi1 to pForeel and IL
hall be the duty Of such couI arf citing such bank ap.
and show cause Why sub should issue, AMI
p"n ne finding Of jury that such act Of Insolvency has
fn committed 20 1Nsun thetf commanding said bank
rr with TO tacesd ~ the manner pointed Tin the pre-.
ccedne sections Of this act provide oF the payment Of
the outstanding notes of'uch lssach close up i,isF, and
sec TO- Tbatif any branch Neglect ct rsf toeom
ply vita any otcr Of ihe bank Of Ohio, requiring such
hrauch rrucc cr usdon cfntbcf d. hilfs or 10 pr
vide larger amount OF peie ~ Other me- ns or IN NM An
W siork o. 10 10 any Other matNt, tnae Witch said
bank mnv deem IL nsresarv ~ security Of such b,nnrh q,
any other bran oI lt'nohes 'aid bank any arector
heeof setting '"f aid bNnk, may apply ANY In
enor ots eour Of common peasby putton, IN which the
rcd dceniant, setting forth substance Of such n ef or
oet sud such negerl refusal The psr Of the T'nch
H. Officer or ogents, u comply therWih anj irthe pts
affidavit OF the ruth OF the facts hers la stated IL shall he
The du Of such Judge to allow an iulunron and epoin
branch ~ ohcFt SCENTS and on otheF IN is employ
orconuected herewith, from dong. ~ uhsrnr or permit
iingo be dome, any business whatever bank and Ram
intHheddutng vii u OF In any naunnf ppo.inr oi book
papers, money! chosen In actions assets or NJ r or bs
lT'nr until The further rof the supreme COZ ~ soe
Judge thereof petition recitinr the hail shall
ton 10 allowed 'v''
sec. u. Upon the allowance Of such iniuncon Of IN,
pfo Iy rftds tecufe, Hens and assets Of every de.
setPhoni Of such bank shall hThwih vest In the HANK Of
oho' who shall nppoin siyrr take pos Of the
same ~ provided In the eleventh ecion Of this act A
certificate OF appointment of such receiver by The ue oy
cour o. CLERK thereof making the same shall be snHcen
nu'ho 70 him to take possession Of the books, prop
ty nnd nghts OF every dssrrptoni Of such branch shall
he toll authority 10 the sheriff Of The county, where he
T'neh Is ooh'ed, 10 give such reosvrr ll posson of
nch Looks pop nv and tgh, with the aid Of Tho rouniv
" requited and said bank and rreiver shs be eoysy
by tie nvisons Of this act provided IN eases OF ust
sion, upon the dissolution Of ,uch innnrtion n, %
vninuance Of such suit by the bank M te fights
ny Of such broueh shall be rrsoTed y and vest in said
See ~ The director, Of the Bank Of Ohio. oh.n.y,,
feymny deem eSpedleni may establish An oiHoe In ach
eimetof the cities Of New York Cincinnati and Ctve.
Nnd or the receipt OF deposits and redemption of the crc.
iung notes OF the branches upou such irrns a. bey MAJ
rm lime 10 time prescribe and also renrinr houss "A 70
umhus fhey mny make All rules and equation.
the good management of such offices md ol.e,in b,
require the several brnnches contribute TO te rat ~
ueh not es,eedng me percent Of the stock paid ia
y each bfanh and compel the branches make their col
eciious and deposits with said oros and 10 suno All ucl
crfs and ngents as may be necessary The net nrld %
aid oces shall be DIVIDED among me brlnches euuit1bly
The Office In New York In tbst lss
may iake aud receive such rste Of nisrst n M
nay be lawfully the laws Of the State OF New Yofk and
seq. TO- The Bank Of Ohio sneresabl.hng II, ,,,0c,
~ New orb shau when required BY the proper oHoers o
e state VI Ohioi discharge The duties of transit. AGENT ri
the state and receive dsh1f,o the tne I'm onev
necessary to be reviewed aud dsbufed in that cit Ii M
compensation oF ch7Tgo for said seNioe and until ucb
moneys shall be actually paid fg such pufposo or pur
~ take such good and sufficient sorury thew NAV deem
proper to ,'snIe the I'pHym'a Of sed moneys which shall
Ia the office Of the Auditor Of state.
nE.NoH BAAK.
Sec w. Nanfal pefoni, not leas In number than five
may assocuie and 'fm branches OF the Baak Of Ohio 10,
the puTpoesU rnuyng the business Of banking each Al
such pace nthi. Siue a. shall BE- desgnated In the crrf
cate hereinafter reqnIed 10 ba made subject 10 he
cies FetiTcons, conditions and abo prescribed In hi,
act
Sec o. Persons nssooianR 10 fotm nb,,ncb .bou nnd
their hand, and seals makea cerdcnte which shall spoc
FTs-The name assumed BY the bTanch and bv bicb "A
shall be known In - dealings, ip which shall be in.
banking operations shall be cuTrd onj
segond-lhe amount ~ the capital stock Of such branch
and he number OF ahnTs' nio which the IL dyided
Fl-lhe name and place Of residence and tho number
/ Il shares hedby each member Of the company
tounh-Fhe time when such co npany shall hive been
Which Ger idcae shall be aokno wiedcsd helo,e iu,e,
Of the peace ~ nonr pubc and shall be recorded By the
Of the county whore such branch l. tc be s,ab
sheA In hook TO be keptby him forthat pun,o.e which
sa At all times dur ng ore hours be- Kent omen ~, IN
inspection OF any peisoh wishing 60 examine 'he same
copy Of said certificate, duly certified shall be ,vans
mei to the secreiT Of stae, who shall F.cori and
fully eseFye the 'ame in hs oee Hnd ,nohsrto 10 the
Commissioner in this act named, until he Organization o.
he Bank Of Ohio, and thereaiteTt 20 said bank,
seo %. No tTlnch shall be permitted 10 commence q,
enHy on business OF bnnsnf under This act unless it, capt
A 'ok he at least one r~d tnousanl dollars nor shall
the capital stock Of such hFtnch ever be x
eee four hun red thousand doaE, except as speosy pro
vided by THE act A. least hhy pof cent o the eabita
soek Of each branch shall be pad gold and silver coin ii
their equivalent one-baf of which IA, D. pFeen N sas
shall be pld In gold and silver coin and shall H. III ana
and bonn fde the properly on e bfaneb Al h
time Of the commencement Of IL banking business an N
ths pace desgnuted for carving on sno bnsne mi an,
remainder Of the capital stock Of such hpanch ha BE- nail
IN instamen, sach Of least per cent on hs ho.
amount Of capital nbsrbed as frequently once Ia sveg
ness until the whole Of such capital shall be- p up
Provided that the directors Of te Bank OF NAV onien,
q
any pm Of them to the bTlncssi when satisfied that IN,
as above provided for.
SEC %. 1 any shareholder or his assignee shal
faj, 10 pay any installmsnt on his stock wher
the same shall b. required te BE- paid the bra oct
may sell such siuck al public auction. having civ
1 90 three weeks previous nOiicH thereof, In I
newspaper Published in the county VIII 70 ,hs
branch 10 lOcAtrd 10 any person who will nav ii.
highest price th refor, not less than the amonn
unpsih thereon, aud the excess, " any afer "a =
Ing the eApehses Of the sale, shail he refunded
the dsllnquent siorkholdsr. N no bidds can b.
'ound who will pay Tor such stock tbs an. on
! unpaid thrreOn 10 the branch, and COS
Of hdvertlanent and sale the amount pra
vousl paid shall be Forfeited 10 The bi anch
and such stork may be- suhrrquentll aold in suri
manner q ths branch may order.
Sec a No branch s6ali he Organized un,ei
'his act, Ia the county Of Hamilton. with les
capital than i've hundred Thousand dollars; whicl
aay be increased TO any sum not e1eeetng on,
million ofdoilars
MOI in either Of the counties Of Cuyahoga ol
Luras, with capital less than three hundret
thousand dolla' nor in either Of the counu.a 4,
Fraaklin or Montgomery with capitnl less thaI
two hundred Thousand dollars, which ina, be- in
creased TO any sum aot exceeding siH hundref
thousand dollars.
Sec. Is. Any eEi. ting independent hank hank
log company branch ofihe State Bank o. OF To- o
Tree hank, created by the laws Of lhis stste an,
authorized 10 issna notes for ciroulaiioi may. ~
ter ihe erganiraiiol 9f The Bank ID Ohia bsrolu'