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

change, Oh the place where it is made pay
able lis at the time of such purchase or
discount, worth apremium; nor shall the
discount or purchase of q bona hde blil or
note. payable at place, between whlch
and the place of discount or purchase; ana
tl,e talin.r in addition to'the rate OF interest
aforesaid. the rate, Of exchange between
such places be deemed usurious;i sProyi7
ded. tThat no loan to, or discount in favor
of anv director or stockholder in which
more than six per cent. shall be taken, re-
eerved or charged, shall be forfeited, but
the same shall be valid against such parry
Provided further That inof,, mere more thap
one half of one per- cent, shall be taken as
dxckan9e ub8n Any Sud PAPER pa ayebiss ln 2. !
Ithia Stale and ;fiilenob one pr Y
|nrohany afcix pet q .a,s y
State and in, no casefshall more man fti,e
current rate Of exchange between such sf'r1
places be taken. .,,,s s,.,s..
person, or Of any company or firm (inciu-
dino in the Liabilities of n company or firm
| the liabilities of the several members thereT
| Of ! to'any branh asaccceptor or accepPors
! Of bona fide bills Of exchange payable out
| of this State, shall at no time exceed one
! fonrthI of the amount of the notes which
sucb branch is authorized to circulate, ex-
elusive of all liabilities on such bills oil
exchange one twentieth part OF the amount
| OF such notes.
/ h No branch shall, at any time, pay out
4 on loans or discounts, or IN purchasing OF
/ drafts or bills of exchange, or III payment
of depositors, nor shall it any mode put IN
circulation, the notes of any bank or bank
I ;por company which notes shall not at that
time be receivable at par i'll payment OF
i debts. by the branches so paying out or
4 circulating such notes, nor shall 1t know
inoly nav out or put in circulation any
notes issued by any bank or banking com
NAVY which at the time of such paying
4 out or putting in circulation is not redeem
inc it's notes in gold and silver, nor any
notes issued by any bank out OF tins otate i
All notes, bills, and other evidences OF
debt, excepting bills Of exchange, discoun-
ted by any branch, shallbe made oy the
terms thereof, or by special endorsement
4 payable solely to such branch, and no suci
j. evidence of debt shall be assignable eXcep
for collection, or for the following Pur
r poses:,i laep.,is atr,a H,
First-To pay and redeem m the ; circua rt;''l
q ting notes Of such branch; .fI-,
e Second-,Fo pay other liabilities OF suci
hranch: anu dlJeE SuSiA
n have been-discharged;
o. Third-7To divide among the Shareloioi
o ers on their stock. 80 ,q.. ,..
2 No branch, shall issue any 'certlhcate Q
deposit order, draft, bill of exchange, o
,f other evidence of debt, payable III cur
,a1 rency, or in anything less valuable th;.
,r oold and silver coin, except receipts 10
!. Special deposits; nor shall any such branc
keen anv accounts in currency or IN any
20 thing less valuable than gold and sllve
nt coin, except accounts of special depos't'
II No branch, shall be permitted, IN re
Is ceiving payment at Its banking mousse
q other place where the same was payaoi I
J. of lanY note, bill, or other evidence OF del
+o dine to such branch, and payable at pla6
bother than at its banking house, to recelv
i. in addition to the amount offs DEBT an
ts the local interest due thereon, any SUI
h whatsoever as premium, exchange or Dan
,s apes: Provided, Nothing in this sectlc
a contained shall prevent such branch ITO
he receiving the damages allowed by law upC
- apv bona fide bill of exchange, duly pr
nd tested for non acceptance or non paymen,
NJ, SEC. AZ. An transfers ofnotes, bond
int bills of exchange, and other evidence
i 4 debt owing to any branch, or OF depos,
ate to its credit; all assignments OF mor'aSagg
oh. or other securities on real estate' OF
led judgments or DEGREES in its favor; au q
posits of money, bullion or other vai''"l
"A thing for lis use, or Tor the use Oh any
X it's stockholders or creditors; all Paymer
ors Of money to either, made after the COZ
pal mission % tSanf a., With view to preve
lor7 the applieation of its assets in the mani
, prescribed by this act, OF with view
La Il ,>rafarence of one creditor to anoth
iers except in payment of its circulating not
ross sbalI he held utterly null and void. r
ipal -SRc,r43!uoI If the directors of any bran
sers shall knowingly, violate or knowingly p
rth- - ,nu Of the officers, agents or serva
and of such branch to violate any OF the, p
.jfal visions Of this act, all the rights, prl
ent, ledes and franchise Of such bIanch ST
;hall Ltherebv be forfeited; such violation sh
h in however. be determined and adJudged
inty a court of competent Jurlsdlctlon,r a9re
blv to the laws of this State and the pr
,ball t;ce Of such court, before the corporal
,oytv ehall he declared dissolved; and in case
than such violation, every director who par
" of mated in. or assented to the same, shal
n held liable in his personal and indiVid
10 -, capacity for all damages eswhich the bran
I, T. Its shareholders, or any other perse
II '.ts,1 body polite or corporate shall have S
.1.at tanned in consequences Of such violation
~ ~ on SEC. a.. Every president, direc
ex- cashier teller, clerk or agent of any brar
oted who shall erhbezzle, abstract. or wlllh
Tbat misapply any of the moneys, funds
g al lcredits of such branch, or shall, With
NJ or authority from the directors, issue or
90 of in circulation any Of the notes OF s
9 ta- branch, or shall, without such author
rvi;ng issue or put forth any certificate OF depc