Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1857-05-14

more q IL noass sbaH be paidN out a. oheruse
put 10 einculstioa, By saeh bnDcb nor shall such
banch iscssass h lAbilaies BY msking any new
losas ar discounts. other than diznopnlsg or pun
ahasiax biHa Of ~exulaugs, payable AZ sight nor
maks sny diSilsnd Of is pr06tA until the required
proportion bstvesn is outstanding notes OF eircu
ktion. and cold and silver cein, or their eqHlTa-
liant On hand. shall beretored. Actual deposits
wi,h - elssns b4hk, Of eazbided ee4ih pi
thaeit n d Nes York, Boston, Philadelphia, o.
Baltimore. sabjost 70 be drawn against at sig ht
payablsis xgll end sivsFesiu. sbail be dssmed
s~lapvalsai 70 gold and silver eSiui wherever these
terms ere usedia this act b
Sec. IS No bnush orgmiEsl under this act
shLl Il aRy dps be iDdebtel OF IA any say la
BE 70 a., amount exceeding two thirds Of It's
espilal staek ct such tine actually paid in, and
remaining IS capital stock undiuipishel BY losses
or Otherwise except o. the following accounts
that il TO So; Ma i
fusion account II is notes OfeireRlaiiOni
second-0n account Of moueys deposited With
tr collected BY such branehig mis r6
Third-on seeount Of bills Of exchange Or
drafts drawn against money actually on deposit
to The credit Of, OF Due 70 such bnDeh. 5r 90
ROuhh-Liabltss 10 is stockholders on &C,
count Of money paid 10, on capital stock, diVi-
denls thereon. and undivided profits. 10 d
Nor shall any branch slhsF directly or lndt
rctly, pledge. hypotheOate or exchange any Of is
notes Of circulation Tor the purpose Of procuring
mOpsY, to be paid in on its capital stock, nor
pledge or hypothesis directly or indirectly any
sucA nolsstO Be used in its ordinary banking OPP
e%rations. se Cd m gi
Sec, 81. NJ branch shall, during The time il
shall continue in operations asa branch, withdraw
or permit to be withdrawn, either in form Of div
idsuds loans % stOchholders Pr a longer peiOe
Of time than four mopths Or IN any other man
ner any portion Of is capital stock and Ossel
shall At anJ time have been sustained by auy
branch, equal to or s~Eeeslipg its updiyidel profits
then on hand, no dividends shall be made, ape
no dividends lhalI ever be made by an. braDch
while il shall continue lie banking operations, e
an amount greater than its net profits then o.
hand, deducting there from It's losses and bad aD'
suspended debts and all debts due to . bancI
on which interest is past dye and unpaid iOr
period Of six months, unless lhs saRe shall be we
secured, and shall BE- ip tho process Of cohesion
shall be considered bad or suspended debts will
in The meaniug Of tLis section,
Sec.Ss. Tie directors Of each branch ShaI
ssmisnuually on the first Monday 10 May an
1LH LL LLMH - -
November, declare . dividend Of SO much Of th
net profits Of the branch g they shall Judge expc
dent; and on each dividend day, the cashier, sha
make . fall, clear and accurate statement Of Il
condition Of the branch as il shall be on that day
altar declaring the dividend, which shall be We
titled by the oath Of he cashier president al
two ofthG.' director and similar statements shS
also be made on the first Monday in each mont
in each year which statement shall contain;
First The amount oftbe capital stock sctua
ly paid in. and then remaining as the capital stoc
ofths bFsnchi
seeond-Th b amount Of the bills or notes
the branch then il circulation, specifying ii
amount Of sseh~ denomination;
Third Tho greatest amount IN circulation
any time since the making Of the last preyiol
statement, Gs shall have been exhibited by Il
weekly statements Of the cashier, specifying Il
time whom the sam occurred;
Fourth The amount Of balances and debts
aveay kind due TO tue brapchss Of the Bank
Ohio. the amount dine to other banks Of h
stAis. and TIE amount due TO banks not Of Il
Eistei
FihL-Tbe amount due to dapOsitos;
sixth--Tbs total. amount Of debts and iiabi
ties Of sssry description. and the grsatss. amout
snce the making Of the lat previous staLsmer
specifying the time when the same occurred,
exhibited by tie weekly slatencpl Of the brapc
Seventh he total snOunt Of dividends a
rlared on the dsY Of making the slatsmsnsi d I.
Eighth The amount Of gold and silver co
and salliOn ball nging 10 gnch branch, and ~ pc
session st The time Of making the statement, d
ignating the amount Of EACH +,
Ninth--Tbs suouut subject 20 b drawn
aight, in gold and silver, then r~eInAiGing on 4
post with solvent specie paying banks in tie G
ia of New York. Philadelphia, Boston, and B
Lmors; a-g .a3tg p
Teplh--Ths spoant then gu band, Of bills
note4, Issued by brauchss Ofstlls Bank Of Oh
tha amount issued by dthsr bake Of this Sta
auJ The smOunl tsnsd by banks not Of t
State;
Elsss ss,-. The amount u balances due Il,
bFasehss Of Bank of Ohio, the amount due n
olhsr banks oftbis State, sod tho snOunt I
frpa banks not Of this State, excluding, 10 the
Ter ezss deposits in Tie cities Of Eew:Fork, p
sdelphia, Boston, aud Baltimore. subject to ii