Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1857-05-26

It's caplJtu Svoch, NY P-SToI rlli II ~ y. \,
cate directly or indirectly any 2, sucn " ~ loses
% be used in its ordinary banking opera
= SEQ ,s7.ps Mo- branch shall, dutingthe
time it shall continue its oPeTAHons: as a
branch withdraw orpermit TO be NYltharawn'
eitberIin form, Of dividends, loans 70 stock /
holders, for d longer period OF time tnan |
four months, or in any other manner any
portion of its capital r.stoekss andlf losses
shall at any. time have been susIf,ped sfNfI
anv branch, equal to or exceeding lts N tunff
diyided nrofits then on hand, no dividends X
shbii ba r;,adeaand no iividend fhSI SIi eyer
he made, BY anyrbranchs While ID cone
,tinue ita ,bankipg pneratioas. 70 -
greater than its, net profits then on Rana,iIl
ded1cting therefromfts losses and bad ana |
stisnehded debts; and all debts to branch
on which interest is past due and unpaid
for a period of six months, unless the same
shall be well secured, and shall be IN the
process of collection, shall be consild4efeHa l e H
bad or suspended debts, within the mean mean
ing of this section.
SEC SO. Il The directors of each branch
shall, semi-annually on the first Monday IN
Nav and November declare dividend
of SO much of the net profits of the branch
as they shall Judge .expedient;I and on
each dividend day, the cashier, shall make
a full. clear and accurate statement OF the
branch as it shall be on that day, after de.
clarino o the dividend, which shall be verified
by the, cashier, president, and two OF the
directors: and similar statements shall also
be made on the, first Monday in each month
in each year, which statements shall con
tain, "i''' IA
First-The amount of the capital stock
actually paid in, and then remaining as the
capital stock of the brancb;y - -ei ae saus
| Second4The amount of bills or notes ,
Of the branch then in circulation, specify
ING the amount of each denomination;
4 Thitd-Theg greatest amount In clrcuia-
ton at any, time since the making OF the
last previous statement, specifying the time
when the same occurred, as exhibited, by
the weekly statement Of the branch;
i Seventh-The total amount of dividends
declared on the day Of making the state
ment: ,,ru.C,1. :, ~
!, Eiphth-The amount of gold ard silver
coin and bullion belonging tosuch branch
and in possession at the time OF making
! the statement, designating the amount OF
0i'o 90 '' ~ ,,,''s III Q ilW = ,tnuut '' "''
:. each: -
Ninth-The amount subjectto be drawn
: ut sight, in gold and silver, then remaining
ON ,deposit with solvent specie paying
!, banks in the cities of New Yolk, Philade1llI
= phia, Boston, and Baltimore; .o ,t
;. Tenth-The amount then on hand, o.
? bills or notes, issued by branches OF the
4 Bank of Ohio, the amount issued by othe'
: banks of this State, and the amount IS
sued bv banks not in this State ''F d
. Eleventh--The amount of balances du'
i from branches of Bank Of Ohio, the amoun
= due from other banks of this State, ant
the amount due from banks not OF thi
2 State, excluding, in the latter case, depos
;ts in the cities of New Y York, Philadel
. mia. Boston, and Baltimore, subject t
t. sight drafts payable in specie; ',''' -
of Twelfth-The amount on hand OF bulls
/ bonds, notes and other evidences OF debts
,e discounted or purchased by the brancf
n specifying particularly the amount OF suS
90 pended debt, the amonnt considered bae
n the amount considered doubtful, and I'll
he amount in suit or judgment; 1fsm
as Thirteenth value of the real al
personal property, held for the sif|f corfyen en-
at ence Of the branch specifying the amour
ch of each; 'a-.t'l
I oh Fourteenth-The amount of real esta
y. taken in payment of debts due the branc
;s- Fifteenth-The amount OF undlVld'
to, profits Of the branch; !. .,,,. ,5
is Sixteenth-The total amount Of the
of abilities to the branch by the dlrecto
thereof, collectively, specifying the gro
all amount of such liabilities as princiI
YER debtors, and the gross amount as endt
st, sers or sureties;
DIN ,SeyenteenthA-Th total amount of !
ast b,lities to the branch of the ,stockhold'
ut thereof collectively. specifying the grr(
en- amount of such 1iabiliti es as princl
ties debtors, and the gross amount as indors'
ned or sureties; which statement shall be fort
be with transmitted to the Bank OF Ohio "a
on auditor of state. ~ s3EY gF gaIF u.
m m An abstract of. every such stateme
new showing the condition of the branch, 81
lng be immediately published by the branch rlcl
e. at some newspaper printed in the coul
nus, where such branch is situated.
and ~ SEC. 80. The general assembly 81
;vo @ never impose any greater tax upon propee
t,,ol t employed in banking under this act q
tab is or may be imposed upon the property
ork, lndlyldfHaaAls' uil.V faA rwauIn. am,a 1ot,GI.s
rub Sec. 40, Every branch may take,
able serve, receive and charge Q on ai any ioal
hese discount made, or upon any nove' ol
'Hin, of exchange, or other evidence OF deb
nder the rate of six perleent'im per annuln ~
d or the amount of any such Inote, pm ol
ding change, or other eyldence SO ulscQu \
time and no more: PROVIDED, howsyeI, ~ %
pital interest may be reserved or taken IN
wise vance at the time of making the ioar
II is discount, according to the usual Irate
'a e banking, or as calculated in RRowllett $
cir bles; and the knowingly taking, reser' ser
. b' or charging on any debt or demand
Ilpos- counted or purchased by any brane'
- rate of ihterestigpeater than that allowe
aaIn,oe1 this section shall be held and adjpdg|