The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-09-30

the amount considered doubtful, and the I
amount in suit orjudgmeut. Il
Thirteenth The value of the real and j
personal property, held for the convent h
enee of the branch specifying the amount
of each;
Fourteenth-The amount of real estate
taken in payment of debts due the branch;
y Fifteenth-The amount of undivided ,
profits of the branch;
Sixteenth-The total amount of the
liabilities to the branch by the directors
thereof. collectively, specifying the gross
amount of such liabilities as principal
debtors, and the gross amount as endor-
sers or surities;
Seveteenth-The total amout Of liabil |
tiles to the branch of the stockholders
thereof collectively, specifying the gross
amount of such liabilities as principal debt
ors, and the gross amount as endorsers or
surities; which statement shall be forth
with transmitted to the Bank of Ohio and
audidor of state.
| An abstract of every such statement.
showing the condition of the branch. shall
be Immediately published by the branch
in some newspaper printed in the county
4 where such branch is situated. .,4 /.
SEC. 80. The general assembly shall
never impose any greater tax upon prop
erty employed in banking under this act,
than is or may be imposed upon the prop
erty of individuals. .ialill
l. Evorv al
serve, receive aud charge on any loan or
/ discount made, or upon any note, or bill
of exchange, or other evidence of debt,
at the rate of six per eentum per anrum on
< the amount of anv such note, bill Of ex-
/. change, or other evidence of debt SO dis
/; counted, and no more: Provided, how
e ever, That interest may be reserved or
n taken in advance at the time of making
b the loan or discount, according to the
usual rates of banking, or as calculated in
S Rolett's tables; and the knowingly taking,
il reserving or charging on anv debt or de-
d mand discounted or purchased by any
branch, q rate of interest greater than
II that allowed by this section, shall be held
: and adjudged forfeiture of such debt OF
# demand but the purchase or discount oi
e bona 6de bill of exchange, or note pay.
II BILE at another place than the place of such
,f| purchase or discount, and the taking ol
!. reserving of interest thereon at the rate
/. aforesaid, from the time Of such purchase
e or discount, until the maturity of suct
q bill or note, shall not be held usurous
l. although exchange on the place where i
IS is made payable, is at the time of suci
of purchase or discount, worth premium
sr nor shall the discount or purchase OF {
<: bona tide bill or note. payable at place
n between which aud the place of discount
TO or purchase, and the taking in addition t.
IN the rate of interest aforesaid, the rate o
10 exchange between such places, be deemet
b, usurious: Provided, That no loan to- o
a. discount in favor of any director or stock
ct holder in which more than six per cent
m shall be taken, reserved or charged, shal
Ill be forfeited, but the same shall be vali
st against such party. Provided further
il That no more than one-half of one pc
e. cent. shall be taken as exchange upon an
d. such paper payable out of this State an
d. in no case shall more than the current rat
C. of exchange between such places be taker
Sec Il. The total liabilities of an
ch person, or Of any company or firm Gr
ay Guiding in the liabilities of q company Q
nd firm the liabilities of the several member
ch thereof to any branch as acceptor or az
ch ceptors Of bona 6de bills of exchange pay
, able out of this State, shall a. no time e.
he ceed one-fourth of the amount of the note
on which such branch is authorized to cirrl
ID, late, exclusively of liabilities as accepte
he or acceptors, one-tenth, and exclusive
rs. all liabilities on such bills of exchane
de |one-twentieth part ofihe amount of sue
ch notes. @ V-s
No branch shall, at any time, pay OF
ok on loans or discounts, or in payment
as depositora nor shall it in any mode put
circulation the notes of any bank or banl
or ing company which notes shall not at th'
On, time be receivable at par in payment
10. debts, BY the branches so paying out {
circulating such notes, nor shall it know
~. ingly pay out or put in circulation al
Lhe notes issued by any bank or banking cor
zen pany which ut the time Of such payir
he out or putting in circulation is not r
me deeming its notes in gold ane silver. n
II any notes issued by any bank out of th
md State. e5 .9
hes All notes, bills, and other evidences
to debt excepting bills Of exchange, discour
nut ed by any branch, shall be made by t
terms thereof, or by special indorsemel
,rs; ment, payable solely to such branch, al
md no such evidence of debt shall be assign
the BILE except for collection, or for the f
the lowing purposes: ..s;5.#s.i;.,4a
the First-To pay and redeem the circ
ted lating notes of such branch;
ch; Second-To pay other liabilities
wi such branch; and after such liabilities sh
the have been discharged;
aa Third-To divide among the shal
yer holders on their stock. @
ch, No branch, shall issne any certificate
ing deposit, order, draft, bill of exchange,
I. .of other evidence IF debt navable in curren