The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-10-01

branch;
Filternth-The amount of undivided
profits Of the branch;
Sixieenth-The total amount of the IL
abilities to the branch by the directors
thereof, collectively specifying the gross
amount Of such liabilities as principal
debtors. and the gross amount as endors-
ers or suretles;
Seventeenth. The total amount OF liza.
hili,irs to the branch of the stockholders
thereof collec lively, specifying the gross
amount of such liabilities as principal
debtors. and ihe gross amount AS lndors-
rrs or surcties; which statement shall be
forth with transmitted TO the Bank OF Ohio
and auditor Of State.
An abstract Of every such statement,
showing the condition of the branch,
shall be- Immediately published by the
branch ,u some newspaper printed in the
couniy where such branch is situated.
en SEc 80. Tie general assembly shall
never impose any greater tax upou prop
erty cmpl ycl in banking nls'r this act,
than is or may be imposed upon |, e prop
erty Of indivi !uals.
: SEC. 10. Ever, branch may take, re-
serve, receive and caargc on any loan or
discount made, or upon any note, or bill
of exchange, or other evidence OF debt. at
the rate Of six per cent. per annum on
the amount CT any such note, bill OF ex-
change. or other evidence of debt so dis
counted, and no mpre: Provided howev-
er, That interest may be reserved or ia
Ken in advance at the time OF making the
loan or discount, according to the usual
rates of banking. or as calculated IN Row
let's tables; and the knowingly taking, re-
serving or charging on any deot or de-
mand discounted or purchased oy any
branch rate Of interest greater than that
allowed by this section shall be held and
adiudged a forfeiture of such debt or de-
msnd. but the purchase or discount OF a
bona fide bill Of exchange, or note paya-
Bile at another place than the place OF
such purchase or discount. and the taking
or reserving of interest thereon at the
rate aforesaid, from the time OF such pur-
chase or discount, until the maturity OF
such bill or note, shall not be held usuri-
Gus. although exchange on the place
where it is made payable, is at the time
OF such purchase or discount, worth a
premium: nor shall the discount or pur-
chase Of a bona 6de bill or note, payable
at place, between which aud the place
of discount or purchase, and the taking
in addition to the rate Of interest afore-
said. the rate of exchange between such
such places, be deemed usurious: Pro-
vided, That no loan to, or discount in fa-
vor Of any director or stockholder ip
which more than six per cent. shall be ta-
ken. reserved or charged, shall be forfeit
ed, but the same shall be valid against
such party. Provided further: That no
more than one-half of one per cent, shall
be taken as exchange upon any such pa
per payable out Of this State and in no
case shall more than the current rate OF
exchange between such places be taken.
.SEc. Al. The total liabibilities Of any
person. or OF any company or firm in
cluding in the liabilities Of any person, or
Of any company or firm the liabilities OF
the several members thereof,) to any
branch as acceptor or acceptors OF bona
fide bills CT exchange payable out Of this
State, shall at no time exceed one-fourth
of the amount of the notes which such
branch Is suthorized to circulate, exclu-
sively Of liabilities as acceptor or accep.
tors, one tenth, and exclusive Of all liza.
bilities on such bills of exchange one,
twentieth part Of the amount of sucl
notes.
No branch shall, at any time, pay ou
on loans or discounts, or in purchasing
Of drafts or bills of exchange, or in pay
ment Of depositors, nor shall it in any
mode put in circulation the notes of an,
bank or banking company which note
shall not at that time be receivable at pa
in payment Of debts, by the branches 81
paying out or circulating such notes, no
shall i knowingly pay out or put in cir
culation any notes issued by any bank o
banking company which at the time Q
such paying out or putting in circulation
Is not redeeming its notes in gold and sill
yer, nor any notes issued by any bank on
Of this State.
An notes, bills, and other evidences o
debt, excepting bills of exchange. dis
counted by any branch, shall be made b.
the terms thereof, or by special indorse
ment, payable solely to such branch. ant
no such evidence of debt shall be assigha
BILE except fol collection, or for the follow
ing purposes:
First-To pay and redeem the circula
ting notes OF such branch;
q
Second-To pay other liabilities o
such branch; and after such liabilitie
shall have been discharged;
Third-To divide among the shar'
shareholders on their stock.
10 branch shall issue any certificate 0
deposit. order, draft, bill of exchange, o
other evidence Of debt, payable in cur
rrncy or in anything less valuable thar
gold and silver coin. except receipts 70
special deposites; nor shall any sucl
branch keep any accounts in currency o
in anything less valuable than gold AM
silver coin, except receipts for special de
posits; nor shall any such branch kee
any accounts in currency or in anythin
less valuable than gold and silver coin
except accounts of special deposits.
No branch, shall be permitted, in re
ceiying payment at its baking house G
other place than where the same was pay
able. of any note. bill. or other evidenc
Of debt, due to such branch, and pays
BILE fata place other than at its bankin