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

" judge TO allow an Injunction, and to en-
l. Join such branch. It's officers, pgonts. an
al others in its employ. or connocte
e therewilh, from doing. or suffering. a
3 permitting to bo douo. any busines
l. whatever as a bank, aud from intermel
Q ding with, or in any manner lisposin
] OF books, papers, money, chooses ia ac
Il tlon, assets, orproperiy of tue branch
4 until tho further order of the snprcm
: eourt,or some Judge thereof A petition
reciting the proceedings had, shall be III
ell In tl,e supreme coult at Columbus, q,
soon al Injunction Is allowed
Sec, II. Upon the allowance Of sucl
injunction Of The property, credits, sccu
rites, liens, aud Rssots. of every dp,crip
ton, OF such branch, shall forthwith vcst
in the Bank of Ohio, who shall appoint
arecciver, 10 take possession Of tho same
as provided in he eleventh section o.
this act a certificate Of appointment
of such receiver by tho Judge. or court,
or clerk thereof making the same, shall
DO sufficient authority to him to tak,
possession Of the books, property, aud
rights Of ovory di,cupuon, Of such
branch, aud shall be mll authority to the
sheriff of tho county, where tho branch is
located, TO give such receiver full possess
sion OF such books, property and rights,
with the aidoft the county, il required; and
said bank and receiver shall be governed
Ivy the provisions of this act, ns provided
IN cases OF ofsuspcnsiun; and upon the dis.
solution Of such Injunction, or discon.
tinuance OF such suit by tho bank, all the
rights and property OF such branch shall
be restored to and vest in said branch.
Sec. Is. The directors OF tho bank OF
Ohio, whenever they may deem il expe-
diont, may establish an Office in each or
either OF tho cities of New York, Cincin-
natl and Cleveland, for the receipt of dc.
Ipooits and redemption of the circulating
notes Of tho branches, upon such terms
as they may, from time to timeproscribe
aud also clearing house at Columbus.
They may make all rules and regulations
necessary to the good management OF
such Offices and clearing house, require
the several branches to contribute Ia the
capital Of such offices, not exceeding fve
per cent. Of tho stock paid in by oach
branch, and compel the branches to make
their collections and deposits with said
Offices and to employ all such officers
and agents as may DO necessary The
net profits of said offices shall be divided
among the branches equitably. Tho Of
flee in New York, in transactiug business
at that place, may take, reserve and re-
ccive such rate of interest as is or may be
lawful by the laws Of tho State OF New
York, aud no moie.
Sec, 10. The Bank Of Ohio, after es-
tablishing its agency in New York, shall
when required by the proper officers of the
the State of Ohio, discharge the duties o.
transfer agent of the State, and receive
and disburse for the State all moneys no
cessary to be received aud disbursed il
that city, in the payment Of the publi
debt aud interest thereon. without com
penSation or charge for such service, anC
J until such moneys shall be actually pal,
ont for such purpose or purposes; anC
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
shall be taken in the name of the Stat,
Of Ohio, aud deposited in the Office oil tn,
} Auditor Of State.
BRANCH BANK.
= SEC. 20. Natural persons, not less il
number than five, may associate and
, form Branches Of tile Rank Of Ohio, 70
the purpose Of carrying on tho business
OF banking. each at such place in thi
+ State as shall be designated in the Ger,
tiicatc hereinafter required to be made
! subject to the contingencies, restrictions
conditions and liabilities prescribed in
this act.
} SEC 2l. Persons associating to form
a branch shall, mler their hands aut
seals make certificate, which shall spec
ily,
First--The name assumed by suel
I branch, aud by which il shall be know
| in its dealings, in which name shall b,
included the name Of the city, village o
town in which its banking operations
: shall be carried on;
b Second-'fhe amount Of the capita
j stock OF such branch add.tho number o
shares into which the same is divided;
Third-The Eame and place OF resi-
I dence an6 the number of shares held b.
e each member Of the company;
] Fourth--The time when such compa
ny shall have been lornied:
Which certificate shall be acmowl
g edged before a ajustico ftha peace or no
+ tary public, and.shali be recorded by tn
e recorderofthe county where such bganc
o is to be established, in book to be kcr
g by him for that purpose. which shall ,
q all times during Office hours be kept ope
s for the inspection ofany person wishin
d to examine the same; one copy Of wiiic
certificate, duly certified. shall DO trans
: mitted to the Secretary Of State. wh
" shall record and carefully preserve ii
h aame in his Office, and another to u
,r Bank Commissioner in this act name,
1t until the organization Of tho Bank
Is Ohio, andthereaiter to said bank.
g Sec %. No branch shah be permit,
'r to commence or carry on the business
'r banking under this act, unless its capt.
l. stock shall be at least one hundred tho
" sand dollars, nor shall the capitai stOt