Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1857-10-01

perform by this act. shall be performed by saiC
bank; and if any of said commissioners shall re
fuse to serve, shall die resign, his place shall
be filled by the governor.
Said commissioners shall meet in the city o.
Columbus, al such time, within thirty days af
ter the adoption of this act; as shall be appoint
ed by the governor, who shall notify each mem.
bcr OF his appointment. and of the time and
place OF meeting; theyshall, when met, t,appOint
one OF their number to be their president, who
shall, under the order OF the board, sign all Of
fetal documents: and they shall cause a fail
and true record of all their official proceedings
to be kept in book TO be provided for that pur-
\ pose, which shall be delivered by the president
of said board TO the Bank OF Ohio, soon as the
same shall be organized.
SEC. 81. 7 he board of hank commissioners
shall examine the certificates of the formation
/ of branches, Transmitted to them required by
this act, and shall, by one Of their own men,
bers or other specia agent appointed by them
for that purpose, wao shall not be stockholder
in any Of the branches<6rmcd under this act.
| immediately proceed -e6,exaInine the condition
of each of the branches which shall have trans
mitted TO said board the required ceriifcate "a nd
it shall be the special duty Of such agent to care
fully count or otherwise ascertain the amount
OF money paid in on account Of its capital stock
J to ascertainthe ndme& place ofresdCnce oleach
ofthe directors OF such branch, & whether their
stockholders, directors and officers are mcn Of
responsibility and integrity, and entitled to the
public confidence; and the amount of capita
stock of which each is the bona fde owner,
whether such branch has complied with all the
requirements Of this act necessary to entitle the
branch to engage in the business of banking;
and shull cause TO be made and attested by the
oath cf ma jority of the directors, and by the
cashier of such branch Il statement of all the
( material facts necessary to enable the board of
/ bank commissioners to determine whether such
branch is lawfully entitled TO commence the
business of banking under the provisions of this
act, and such agent shall Immediately report to
| the board Of bank commissioners such state
me Mt and his proceedingsi in the premises.
SEC. So If. upon a careful examination Of
the certificates OF ASSOCIATION, and the reports
and statements of the special agents appointed
to ascertain whether the branches so ganized
have complied with the provisions Of this act
II shall appear that Ave or more such branches
have been formed, and that their stockholders
directors and officers, are men of responsibility
and integrity, and entitled to the public conf
dence, and that such branches are lawfully en-.
titled to commence the business of banking, the
commissioners shall certify the same TO the gov
ernor, and shall Immediately notify each Of said
branches thereof; and within ten days after re-
ceiging such notice, ca ch branch shall appoint,
in such manner as the directors thereof shall
prescribe, one person 10 be director of the
Bank of Ohio. But no person who is not citi.
zen of the United States, and resident of this
State, and who has not resided within this State
at least one yea next previous TO his appoint
ment. shall be such director.
SEC. 53. The governor, if he be satisfied that
the law has in all respects been complied with
! shall issue his proclamation, setting forth that
such branches are authorized TO commence and
carry on banking, at the places severally de-
sIgnated in their certificates of associations;
which proclamation shall Re recorded in the OIL
flee Of the Governor, and copy of said record
certified under the great seal of the State OF
Ohio, shall be prima iaca evidence of the organ
ization of said branch.
SEC. 81. The bank commissioners and all
agents appointed by them, ,sha Il each be entitled
to receive for their services under this act, five
dollars per day for every day necessarily en-
ployed in the discharge of their duties,and their
reasonable expenses, TO be paid by the Bank OF
Ohio.
SEC. 55. This act shall take effect and be in
force from anG after the second Tuesday of Oc-
tober next, il the same shall be approved by a
ma lority of the electors voting on that day, and
not otherwise. n. H. VAN WORRIES,
Speaker OF the House Of Representatives.
THOMAS Il. FORD,
resident OF the Senate.
AprilIi, 1851