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

sls profits. until tbs required proportion
between its outstanding notes Of circuia' J
ton. and gold and silver coin, or the"
equivalent on hand, shall be resle,ea'
Actual deposits with any Solvent nanN' !
ofestablishei credit ~ t6e citics Of New
YORK Boston. phile ielphia or B1lti
mora. sub;.si 90 be drawn against at sight
bavai.is ia gold and silver coin. shalt be
assdsod equivalent to gold aud silver coin
wherever these terms ere used IN this
act.
SEQ. 86 No branch organized unler
this oct SHALL at any time be indebted OF
in any way liable to an amount exccod-
ing two.thirds Of its capital stock at such
time actually paid in. aud remaining as
capital stock undimiuished by losses OF
otherwise except on the following ac-
oounts--that is TO say,
Fist-On account Of Ito notes Of cir
oulation.
Second-On account Of moneys depos-
itel with or COLLECTED by such branch
Third--On account ofhills ofexohangc
or drafts drawn against money actually
on deposit to tho credit Of, or due to such
branch.
Fourth to rs stoekhold.
ers on account Of money paid IN. on cap
ital stock, dividends thereon, and undi-
ided profits.
Nor shall any branch. either directly
or indirectly, pledge, hypothecote or reS
change any OF is notes OF circulation lot
the purpose of procuring money, TO be
pail Ia on its capital stock, nor plolge
or hypolbecate directly or indirectly any
Of sucn notes to DO usod in its ordinary
banking operations.
See. 81. No branch shall during the
time il shall continue is operations as a
branch, Withdraw or permit to DO with
drawn. either in form Of dividends, loans
to stockholders, for longer period Of
time chan four months or in any other
manner any portion Of its capital stock;
aud II losses shall at any time have boon
sustained by any branch, equal 10 or ex.
ceeling its undivided profits then on hand
no dividends sh all be made, aud no divi.
dend shall ever bo made by any branch
lsAiltit shRli Goa tinuo its banking opera
tions, to All amount greater than its not
profits then on hqntl doducting theroirom
It's losses aud bad and suspended debts;
and all debts dueto a branch, on which
interest on which interest is past due and
unpaid for a period Of six months. unless
the same shall be well secured, and shall
DO In the process Of election, shall be
considered bad or suspended debts, with
Ia the meaniGg Of this section.
Soc. 80. Tic directors of eaon branch
shall. semi-annually on the FIRST Monday
in May aud November, declare divi-
dend Of so much Of the net profits Of the
branch as they shall Judge oxpodieni; and
ON each dividend day, the cashier, shall
make a full, clear aud accurate statement
Of the condition Of the branch as il shall
be on that day, after declaring the diyi-
dend. which shall DO verified by tho oath
of the cashier. president and two Of the
directors; and similar statements shall al.
SO be made on the first Monday in each
month in each year, which statements
shall contain.
First--Tho amount OF tho capital stock
actually paid in, and then remaining as
the capital stock Of tho branch;
Second The amount Of tho bills or
notes Of the branch then in circulation
specifying the amount OF eoch dcnomna.
ton;
Third-Tho greatest amour, in circu-
lation at any timo since tho making Of
the last previous statement, as shall have
been exhibited by tho weekly statements
Of tho cashier, specifying the time when
the same occurred;
Fourth The amount Of balances and
dsbts Of every kidd duo 10 the branches
Of the Bank Of Ohio. the amount due to
other banks ofthe State, and the amount
due to banks not of this State;
Fifth Tho amount due to depositors
Sixth-'rhe total amount Of debts and
liabilities Of every description. and tho
greatest amount since the making Of the
last previous statement, specifying the
time when the Same occurred, AS eNhibi. |
tod by the weekly statement Of the
branch.
Seventh-The total amount Of divi.
dends declared on the day Of making the
statements;
Eighth-The amount Of gold and sill.
YER coin AMI bullion belonging TO such
branch, and in possession Mt tho tims of
making the statement, designating the q.
@lNNAN Va NaNAf
Ninth-The amount subject 70 b.
drawn at sight, in gold and silver, then
.remaiping on deposit with solvent specie |
paying banks in the cities Of New York.
Philadelphia, Boston and Baltimore.
Tenth-rho amount then on hand, of
hills or notes, issued by branches Of the
Bank Of Ohio, tho amount issued by other |
banks of this State. and tho amount is
sued by banks not Of this State;
Eleyenth--Thc amount Of ofhalances due
from branches Of Bank Of Ohio, the a.
mount due from other banks ofthis State
aud the amount duo from banks not Of
this State, excluding, H. tho lattor case.
deposits in the cities of New York, Phil /
Alclphia, Boston and Baltimore, subject
20 sight drafts, payable in specie;
Twellth-The amount on hand OF bills
bonds. notes and other evidences Of debts.
discounted or purchased by the branch.
specifying particularly tho amaunt OIL
suspended debt, the amount considered
had, the amount considered doubtful, and
the amountin suit or Judgment;
IhiUeenth-The value OF the rcal aud
personal property, held for ths convent.
enee of tho branch specifying the amount