The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-10-09
VOL. x,
IQua at 0btu.
PuBLIsHED BY AUTHoRlrY.


..N a
10 incorporate the Hank OF Ohio and nranches.
Section l. BE enacted by ticncra Asscinhy Of he
ae Of ohio That The Bank Of Ohio br and the same s
and BY that uame shall be capable Of coumcog Of
prosecuting And deendina actions as fully natural PER
ieef coniemphted in this act by the creation Of said ooo
ration
scu g. That ~ soon a. Eve fmoro branehcs Of e nauk
Of Ohio shall be wgnnifed IN this oci Is authorized, is
dreeio Of tho Banh Of Ohio, appointed BY such branches
shall meet In the City Of Coumbu az such time shall be
designated By the bond Of bank commissioner, who shall
such neong and provided tNohirs of snch drecors shall
be convened they shall organize by taking oath, drcnt
6pon thos, ~ tbi M oet,i6ssie of which o,h rntJ
by each direcior shall be filed and preserved IN he office Of
thc secretary State, andby elccng suitable peron
as president who shall preside al The meetings Of the
tect6 OF ne Bankof Ohio shall be composed di.
rector appgned each branch Of said bank wo.ihi Of
Sec B. The dreoyors sha when they deem Il necessary
elect vice PRESIDENT whose duties shan he prescribed by
fair and record ofo procDengg OF The bank They
sha Keep ofce In the city Of Coenhus which, together
with the books opers rccoTds and accounts Of every dor
sornion shall At an times be open the inspection Of any
committees Of the General Assembly rcilherhuuch there
Of They shall procure and furnish each branch with
ereuaiion and decide on The amount to be umisued
from time 10 dine 20 each, within the limits aud agreeubyto
The rules aud restrictions prescribed BY this act. They may
prescribe rules Tor the settlement OF balance ietwecn the
branches revise their bylaws aud rcguaons concerning
charges r making collections, aud both 10 be made
uniform, or as nearly so as may be eSptdcnt They shall
have power by themselves, or by committee Of
more members Of their body, or by special agent ap
pointed BY them for that purpose whenever andas oitu ns
they shahink proper 20 visit any branch, inspect is bnok,
records and accounts and a the evidences OF debt due TO
and securities held by such bfanchi eNnmue end ascertain
the amount of money and othef properly held by such
bmnchj examine oath the president vice PRESIDENT d.
ractof cashier and all other officers, agents clerks, or ser
Of branch, touching is conditions, and liza
hildcs They shall have pewef require any branch to
reduce W circulation or liabilities, within s1chmi as they
SHALL aicr full inquiry into is condition. deem necessary TO
secure irom loss either the deher with suc brunch, or the
other branches Of the Ranko Ohio. They shall AZ
o.
n some Newspaper printed al Coumbua consolidated ab
iher ssss liabilities and condition which atemenis
shall bo recorded IN book kept for that purpose They
NAV nppnt an exoru ye committee of moi les than three
of whom the president president shall be one 70 net
n behalf Of The bank In oil such eases, shall prescribed
by The bylaws Of said bank, not Inconsistent with this net
Dec T. The pr sdent, vice president secretary and u
other officers agents Of the banks hall cach receive such
compensation for their services s'id bank shall allow
Bank Of Ohio in the ratio Of their capital stock, The bank
may allow the executive committee such compensation n
shall deem just and removable, TO he paid by the scvcr
branches in the nanner and the expenses Of prncu
ing patos aud printing rotcs Of circulation shall be paid by
the several branches In the mo of the noteso circulation
sec 5 Each director Of tho bank shall continue in Office
until the first Monday OF Fehmury, aer his appoint
mcnand until hs successor shall be appointed ana quaihp
vacancies In the board shall e filled by the branch ly which
the appoint vacated made. In voting each mem.
her shall be entitled TO two votes aud 10 one additional vote
tor fifty tOusand dollars Of the amount Ol capital
stock paid into the branch by him hun.
dred thousand doiarfi a ie time OF such voting Inc
president and vice president Of the bank shahod er Of
hces one year. until their successors shall be appointed but
they may Be removed BY resolution of the board. They
and all other Ulcers of the bank shall oath faithfully,
diligently and imparialy fGl the dute, Of their APP
poniment and not knowingly violate any Of the provisions
of this act. They be required 10 give bond In such
sum- and with such securities ~ the bank shall prescribe
bank. t
sec All notes designed for circulation by the branches
shah be furnished by the Bank of Ohio, but no such noie
shall be- delivered 70 any branch until they nre numbered
and couniersgued py some peron pcrou authorized
oountergn the same register, and full record OF sucl
= numbering and counter gnnr mae 10 book kept for a
ID purpose and all such notes shall have stamped or printed o.
their face the worls Registered by the Bank Of Ohio
All notes worn defaeed, mutlaed as to be unfit fol
- circulation shall be returned by the branch by which el
ceved therefore a such notes retumedby branch hal
be credited, andncw ones delivered In their e.d shall b
returned shall be burned ashes In the presence
the president Or vice presidents and at least two OF the di
rectorsof said bank.
See Z. Before Tie bank shall deliver to any branch note
for circulation shall require such branch pay dc
posto the credit Of said bank said bank shall order, ei
er money In certificates Of the stocks Of this State,
Of the United States nj eir current value In The city OF Ne'
York, but in no instance above hef par yaue an amoun
a. ation, which shall be delivered 10 such branch. And 80
from time to time, any branch may, by the paying IN
received the Of for circulation 20 which IL wa
ore,iou, entitled receive an additional amount OF note
c cent on he amount Of notes receyedi and the stock
ani money so shah be nominated The safety fund
and s be invested hersnaer prescribed, and held b
he bnnk as te pronery Of said lTanc In trust for the sew
erabanches Of the Bank Of Ohio, aud rs mad Tor Tie re-
W dempton Of the notes o. qnni2uon o. any one oI %
said branches that may a 70 redeem m notes 20 p P
piled that purpnse ~ the MANNER pointed eut hy this act
Sec g An moneys deposited or paid 70 the eank On 1e
direction said bank invested y such branch stock
Of the saie Of the United states. In bonds secured b.
mortgages nuncnnbeFed real estate situated IN the count
where such hr1noh Is Ocaed Ia adjoining onuncs, OF
least twice the value in each case Of th amount seouFe
thereby exclusive of hndugs other fixtures subject
be destroyed BY fre floods other accidental
~ o. Of timber mnos minerals 'uect to wuste which BON
g shall be made payable demand othe bank OF Ohio, an'
Parties no, stessd,ng SIX Per GENT Pef lam S%9p % P1ys
receive the interest accnug the stocks bonds in whc
its pofon OF the safety fund shall have been hvesied
ease Of The in soyeney any branch the sneks 6oad
10 which the money Of such branch shall have been nyese
aforesaid f The pFooeedsof sud stock and bonds shall
sufficient to redeem s outstanding notes Of circulation
shall, sF practicable, be first converted into money an
opped that purpose before any paT Of the safety fund be
longing to oheF branches shall be 30 applied.
Sec o. The Bank of Ohio shall not furnish 10 any bran
clgculaug amount benTng greater pfOpnHc
the capital stock Of said banch actually paid in and ao
time remaining uudimnished by losses withdrawal, tth
the proportion hereinafter specified, that Is 10 says Onha
lr hundTed thouand dolaIs,or any lesser amount that
capital not than twice the amount Of such oapisile
On the seeoad hunded Thousand dopT, or pit helee to
nofc than and thsouarler the amount OF such cap
ta over oue hundred thousand dollars One the third hui
Up e thousand dollars or part thereof not more than one
IN and half The umoun Of such cnpnl over two hnndfe
m, thousand On the i1uh hundIad thousand uoara ofpt
thereof not more n once ana quarter the amount OF sue
re capital ree hundad ihouandi and, vn any
I'm capital four hundred thousand doa not more than
ng amount equal such capital four hundred ih0usan
Nor shall said hunk fa,h 10 any branch circulating not
OF any other denOmin nation than o. dollar dollar
thTeo doars five dollars, dollars, twenty dollars 60
dollars ard hundred dollars each OF the fpruis
70 auy bane than per cent Of tie amount hl
10 notes OF dollar eech not than five pei cent
w two dollars each than ten cent IN notes OF t
dDnau earhi not thantweny per cent shall be 10 not
oi a denominatoni under Eve doars; than bi
per shall BE- ia Of all denomination under ten do
saH lars.
ng Sec TO- Ig any branch Of the Bank of Ohio shall Tsiu
10 pay M noea OF circulation, any Of them, In gold or
yer coin OF he lawful currency Of De tnfed taies
which payment shall be lawfully demanded rs banking
hous customary place Of doing banking busneu do
log usual banking hours, such branch shall be deemed
have o0mm tied act Of insolvency., Ard hersup0n an
property credits securities, liens and every desert
lion shah forthwith vest n and be the properly, credits,
ties, Hens and Of The Bank Of Ohio aF the
purposes declared 10 this act.
See H. The Bank of Ohio receiving information t
any bTanchhag committed act Of insolvency shall fort
with appoint committee of Of its dlTecior,
- olhari, who sa make immediate inquiry, into the Tu
Of such nioFmaion and report thereon tG the ban
and the bank shall be satisfied from the report Of the
niliee that such branch has suspended ue payment Of
10 gold aud silver, u shall forthwith appoint suta
feeeiyef eveTi who shall take Immediate poiiess
Of The hooks cul money. chosen In actions and proper
o. such hrano Of even description, and hold te same
The i0intuse and benefit of The other branches Of De uuk
Ohio pnd die creditors Of he ahng branch, and said haI
oil Ohio shall immed provide money and place the
Ia such solvent branch branches may be the ucsi
F venent foI the purpose 81 redeeing the notes Of flc IA
hsanch shall give notice thereof in