The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-05-14
TERMS,--S2,s,s.

10 voting. each member shall be snhtf
to Two votes. and one ,sdl iiionRi sois fek
every fly thousand dollars Of The asnonnt
OF capital stock paid in to the brlneh Eo-
prest n'ed by him over one hundrtd tbons
sand dollars, al the time Of sub voiing.--.
The president and vice pTesit ent of the
bank hall hold their Offices for enc year.
AID un!il their successors shall be 81.
pointed. but they may be rsmoysd sbyss
resOluli' n of thu board They asd7 all
o her fficers and agenis tfIhs baI shall
take An oath faithfully, diligently hLd inn
Partially 10 fulfil the duties OF their ap,
poinrments and not knowingly violate any
OF the provisions Of this sct- They nav
be required to give bond 10 such sum, and
with such securities as the bank sbalt
p eserbe; and all vacancies in said nb-
pointments shall be flied BY ti,e b. Dk
SEC 6. A notes designed for eifsa4
laIion by The branches, shall, y, faEaiSbed
BY the Bank Of Ohio, but DO snch nctea
sba be delivered 10 any branch until
tiey are numbered and countersignsd BIZ
some person or persons authorised 70
countersign the same as register ard q
full record Of such numb, fipg sad eoan+
tersigring made in book pro, iAed arr
that purpose. ard all such netes hall
have stamped or printed on Il cir &c. ths
words Registered by the Bank Il 0h,o,'
An no es so worn, defaced, or nuiilated,
Ms TO be unfit for circulation, shall be. rs..
turned by the branch by which they wera
issued to the bank. and an equal amount
OF new notes received therefor; ali such
notes SO returned by branch. shall bs
credited, and oil pew, ones delivered, in
their stead shall be CHI r1ed to such bSanch
on the books Of said bank; and the s.S.;e S.il;;
SO returned shsli be burntd too
the pFesc nee Of The president oreAy 4.
sident and at lesst Two Of Il -. - -
.sgSd htnk ...z 77g a-C ,bas ..s.ss,aa',
SEC. T. Before the banssait after 4 has
TO any branch, notes for 'aI tas,sb ir glassr
shall require such branch tpartsaDkL,sHr
deposit TO the credit of said y a. az aa1lsTs st
bank shall order, silber in and s,ees.sr
certificates Of the stocks Of thLs,i vegss
OF the United States, at their curl fiifofs, HE
in the city Of New York. but in end in
stante above their par value, an al j IA
equal TO ten per cent. on the amou---s8
the notes for circulation which she
delivered to such branch. And so, 5s
time TO time. as any branch may, E
paying in Of an additional amour at,ssx
capital stock, or by not hsy q aa3
the amount of notes for 5aaa @
which it was previously era &. sssyg
an additional amount of nsMSsn' u 4.a
tion such branch shall deet ia,is.- vsss
bank ten per cent. oupete VITA j. ssg
efnoies SO received: and ID lnssta'li- ,a.
money so deposited shall L esaryithImess s, Thing
mated the safety fund. snt per bottls. &
invested as hereinafter presefis., xsssts
held by the bank as the Ircpertyv. 81 "a
bra' ch in truAt for The b. D. fii Of Il e sss s.s
e,al branches OF the bank OF Ohio, and as
Iuhd for he redemption ofahe notes OF
circulation of any ere or mtie OF said
branches that may fail to redeem its notes
10 be applied 10 tbat purpose iI lhe manner
pointed out by this act. a -
SEC 8. All money. so dt posted or paid,
TO the bank on account of tie safety iand,
by any branch. shall b. andei,the direa tiofa
OF said bank invested by such branch ei-.
ther in stocks OF the state or ofihe Uni ed
States. or 10 bonds secured by mongagfr
on unencumbered real lestate situate ID tg5
C unity where such branch ia itcaied,, OF
in adjoining counties. OF at least twice tha.
value in each case Of the amount secured
lh' reby, exclusive ef baildings OF ostiev
6x'ules subject 10 be d.siroytd By ire.l
floods or other accidental occurrences, or
ol tlml err mines or minerals subject tast
waste; vhich bond shall be made payble, =
o. demand TO the Bank OF Ohio, and shall
beartuch rate eotinlerestAsshAilb be agTe, II
on by the par les. not exceeding six per
cent tel annnm. payable sen anuuaflv A
10 advt nee. Eaeh branch shall be entitled "
to rec i've the interest accinirg On llaA
stocks or bonds in which its portion OF thsstx
safety, fond shall hare teen invested; sna
in CAGE Of he insolvency OF any branch.
the stocks and bonds in ~ hich lhe money
Of suth btatcb shall have been inves.ed asi !
aforesaid, II tie proc, eds Of spch stock and
bonds shall be sufficient h ie eem It's oat ~
stsrd pg noes OF cireaIation, shall, IL Ear Y
as lr cticab Q. be. converted into sndnsy
and applied kstpurpose btft reany part ae
OF tie safety fand belvngilg 10 elhsTisss
branches shall be SO applied. f,,sv.,,s. II sls
SEC 9. The Bank of Ohio shall nos n
furnish to any branch circulating notes To-.
go amount bearing a gfeater proI orti n to
the capital stock Of said branch ac.uslly
paid in. and at be ire n msini, undi-
miuished By losses or withdrawal. than
the proport'dn hereinafter sfeched. yaas
is to say: 90 he f,sthundled u dusaad -
do as, or any lesser ame unit soi les sapis ~
tai, MT more th3ps tEisse The snpanf of i
such capital On the second hapdseS i
thousand dollars OF paTt lbarepi, moi .moss y.
than once and three quarters The amount
OF such capital. ever one bundled ihpte-
and 09 tbs third hundred lhousynd dol-
lars, or part thereof. Hot more than once FL
and ssbait the amount aof sus b cspifaf.
og.E Two hundred ihonsaud. EOn 4isa
fourth Lundred ibanssnd d. llafsl Il psrklN
IbrieoL pot mole itbAn nee and a as.sr- III
Ter tbe annqpn, pf. nchnHpilal.. Fl sAsss,ss
hlndted thoufsndi ssd. on ang smannt -
ole pitsl over iour hundred .ttonsaad dols..
lars; not more then an snsouat sq.aI. to. 4
such capital cvr4 -four HUNDRED thenssbd. dssF
Nor shalissidsbanl furnish III sny bfkiels IN
circulating etes 81 apg OF 81 ds aob irs4ssp
ton than loisanes dollar. tFa dollsss. sayAss4
dallafs. fye dollars. sh'n gdBllsss swsnt wgss
delals, iliy d.liafsaaEde eRe blpdrsas sasl< n.
lars s.ch; " The Rotes faruishsd l0lsHs
braneh. moi more than ten per etpt II s,iha
amount ehali ba ID notes 81 Oh do i,ss s"e
eech; not more than Eve Der i. hi. ID .soss
of 10 dollars each: rot more ii j. II 4 as
per rent in notice, of tIrve sfsiIara Yaek kKf \
nol Hhage thar "A vqahf IN - II ~ Il xsts