The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-10-08
NUMBER 3

ever The amount Of Its ou. standing notes
OF circulation; shall exceed the above
named proportion. no more Of its notes
shall re paid out. CT otherwise ma, 10 cir.
euia''on, oy such branch. nor shall such
oIanen increase its Liabilities. by making
any new loans or discounts. other than
u,scoun'ng or purchasing bills Of ex.
snahge' parable at sight, nor make any
olsioeno OF tsFrofts. until The required
pIopo1''on between its outstanding notes
o. circulation and gold and silver coin
or their equivalent on hand. shah be ra.
stored Actual deposits with anv solvrnt
Dans' OF established credit. In the ei,i.s
oi New York. Boston Philadelnbia or
Baltimore. SUI jrct to be draws ara;ns, !.
s'sn' payable IN gold and silver coin. shall
os deemed 'enival,r, to gold and silver
CON- "Eeff'.. these ..rns are used in
this act e@ss -
Gee Se \" hr.' ch organized under
.tiis aci si'''i'. ~ ~ litne. br indebted or
~ any W.! h't eto an amount excee ding
It"o'a-' Is OF Is pital stock at such tmis
actually paid ii. and remuiginv as cani..
tai stock undinL nLinsl.ed by losses or Other.
wise except on the following accounts-
hat Is to say.
First-On account of n.
culalion; y s''
Second On accoun, of moneys demos.
'ted with or collected by such branch:
ihird-On account of bills OF exchange
OF gratis drawn against money actually
on deposit to the credit of or due to such
branch;
Four'h-Liabilities to its Stockholders
on account Of money paid in. on capital
seek, cividt nds thereon. and undivided
profits.
Nor shall any branch. either directly
or indirectly pledge. hypothecate or ex-
ehange any OF its notes of circulation for
inc purpose OF procuring money, to be-
paio 10 on lts capital stock, nor pledge OF
IhypotLecate directly or indirectly any Of
such notes to be used in its ordinary
banking operations.
GEO. 81 No branch shall, during the
time It shall continue its operations as a
oranch, withdraw or permit to be with
drawn. either in form of dividends, loans
to stockholders. for a longer period OF
time than four months. or in any other
manner, any portion of its capital stock:
and IL losses shall at any time have been
sustained by any branch. equal to or ex-
ceeaing its undivided profits then on hand.
no dividends shall be made, and no riiyi-
oena shall ever be made by any branch,
"niie II shall continue its banking opera
'!ons. to an amount greater than its net
pronts then on hand. deducting therefrom
Its losses and bad and suspected debts:
and all debts due to branch. on which
interest is past due and unpaid for peri
% OF ak months, unless the same shall
oe well secured, and shall be in the pro-
cess OF collection, shall be considered bad
or suspended debts, within the meaning
of this section.
SEC. 3s. The directors of each branch,
shall, semi-annually on the FIRST Monday
10 May or November, declare dividend
OF SO much OF the net profits of the
branch as they shall Judge e1pe dient:and.
on each dividend day, the cashier shall
make full. clear and acurate statement
OF the condition OF the branch as it shah
De on that day. after declaring the diYi-
dend. which shall be verified by the oath.
lot the cashier, president, and two of the
directors; and similar statements shall al 5
SO be made on the first monday in each
month in each year. which statements
shall contain,
/ Frst-The amount of the capital stock
actually paid in. and then remaining as
the capital stock of the branch;
4 Second--The amount of the bills or
notes OF the branch then in circulation.
specifying the amount of each denomina-
ton;
! Third-The greatest amount in circu-
lation at any time since the making of the
last previous statement, as shall have
been exhibited by the weekly statements
of the cashier. specifying the time when
the same occurred;
/ Fourth--The amount OF balances and
debts OF every kind due to the branches
oil the Bank of Ohio, the amount due to
other banks OF the State. and the amount
due to banks not Of this State.
Fifth-The amount due 10 ydspositors:
| Sixth--The total amount of debts and
Liabilities Of every description. and tbs
greatest amount since the making of the
asst previous statement, specifying the
time when the same occurred. as exhibit
led by the weekly statement Of the
branch;
/ Scycnth--The total amount Of did.
dends declared on the day of making the
statement;
Eighth--The amount of gold and ISL.
yer coin and bullion belonging to such
branch. and in possession at the tim Of
4 making the statement, designating the e
mount Of each;
/ Ninth--The amount subject TO be
drawn at sight. in gold and silver. then
remaining on deposit with solvent specie
paying banks in the cities of new York.
Philadelphia. Boston. and Baltimore.
Tenth--The amount then on hand, OF
f bills or notes. issued by branches Of the
Bank OF Ohio, the amount issued by other
banks of this State, and the smouns IS
: sued by other banks not of this Stsses
Eleventh--The amount Of balances dues
from branches of Bank OF Ohio. the a.
mount due from other banks of this Stale.
and tie amount due from banks mol OF
| this State. excluding. in the latter casa
deposites in the cities of New Yolk. Phil
, adelphia, Boston. and Baltimore. subject