The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1857-10-02

lltering OF repeating this oct, shall impose
my niusticc or wrong u pom th, stock hoidefs
jf auy 5.anch. .,,.s,.,..,. !. .,.....,.. f. N
Sse. Al. Every hsnch shall have power
TO make all necessary aud proper BY Laws
FOR the management and contret Of its bust
ness. and to fix and regulate The rate OF
charges lor making collections subject TO
con trolled therein by the Bank Of Ohio.
SEc. As. No branch shnil issue any notes
intended for circulation as money, except
the notes furnished for thst purpose by the
payable nj the branch b, which they are 10
sued, in gold aud silver coin, ths lawful cur
tency OF the United States, or either, at the
option OF tue branch, on demend, they shall
be signed by the president or vice president
VI the proper branch, and copntersigse by
the cashier thereof, made psysble ~ bearer,
and shall &c negotiable by deiiveryj all other
cvidendcs of deb, issued by any branch,
shall be negotiable or transferable in the
same manner as il issued bya natural per-
son, cud shall be binding on the branch,
" whether under seal or not, and all such evi-
dences ol debt, oiher than notes Of circula-
ton, shall be payable 10 the order of some
person therein named. .s
SEc. 10. The branches shalt continue TO
exis, so long as necessary for the settlement
Of their affairs, Notwithstanding the repeal
of this act; aud no las shall ever be passed
divcrling OF appropristing the assets Of any
such branch 10 any purpose other than to
tie payment Of its bebts aud liabilities, and
the distribution Of ths residue among ITS
stockholders in propotti ON TO. the stock by
them seyer,lly owned.
SANK COMMISSIONERS.
Sac. 50. To carry into effect the provis.
ions OF this act, WIN. W. Scarborough, Of
Cincinnati, Franklin T. Bsckus, Of Cieve-
land, Hooking II. Hunter, OF Lancaster. J.
X. Finn, Of Columbus, and Samuel Forrer,
of Dayton, shall be and they are hereby ap.
pointed commissioners. and they, OF a ma.
jority ofthem, after akins an oath diligently,
lnith(ully sud impsrtially toperform the du-
ties assigned them by this act. a Certificate
OF which oath shall be filed and carefully
preserved in the office of the secretary Of
state, shall constitute aboard to be design
ted tho board Of bank commissioners which
board shall continue until the >srg ganixatio1
OF the Bank OF Ohio, as herein provided for
aud thereafter the duties which they are g.
formed by said banks and If any OF said
commissioners shall reiusc TO serve, shall
die or Ieygn, his place shall be hiled by
the Governor. .g.
Said commissioners shall meet in this city
of Columbus, at such time, within thirty
days after the adoption Of this act, as shalt
be appointrd by the governor, who shall
net fy each member OF his appointment, and
of the time and place Of meeting; they shall,
when met appoint one Of their number 10 ee
their pIesdent, who shall, under the order
of the bonrd, sign all official documents;
and they shall cause o far and true record
Of ali their official proceedings TO be kept IN
hook proyiled for that purpose, whtca
shall be delivered by the president OF sad
hoard T., the Bank OF Ohio, a. soon as IN;
same shall be organized.
Syc. 81. Tue boaid oi bank commission
er, shall examine the certificates oil Tue lof-
nation OF branches, TRANSMITTED 10 'he'h as
r,uuircd by this act. aud sha''' ny oho OF
th,.lr own members or Other speciai agent
appo.nted by them for that pirposs, wno
,tnu not be q stock holder 10 any os ths
branches loIined under th's ae,. iinnieria.e
,ly proceed TO examine tne conuo'o' o'eao
Of the branches which shaii nave uansn.-
.ed to gad board the requiIea s',i,' ons,
be the specialduty otsnch aYehl'o Sa.eaa'ly ~
oSrt -, o,hrrwiss ascertain the amount OF
n,'.yn,;J in ON accou n. offs capital siocl
10 asc-,,niu the name and place oi tesid dence
sase anu S.ess %ae.Iat are las mea
IN The nublic confidence; er',.. and entitled
caniinl stock OF which each u TUG o'nN
.,n.', ,yhe,het such branch has compiieu
III ali IN, r.ouiremsn,s OF ih's act secessa-
y, tn entitle lhe branch TO engage IN t"s ouS
mess OF baa king, and shall causs " ~ ,S'.
ana o,iesled by the oath OF naJo,m' nSh
Ii,,,t,Is, and by the cashier ol s.en o.s
. s,at,ment Of all the mate'iai 'so,s .;".'..
.,y TO enable the board oi pinA eo - iaa,r,i.
10 determine whether suco ,',a;aa, .,f
ly entitled TO comm :nce c,,;s.c,' 'ne onJ
banking under thcptoV' ran ~, In
, n,'en n,,,nt shall Immediately report "
nh" ~ ,," auv' ,,Tbonk commissioners such STATE
,n,.,ts w.. an his procecdings ~ the premises
g. ~. II. upon a careful eSan,na'o'
~ ,,'; eca,es of ofassocintion, anu the re-
.n'',,. ~" anl .,,t.mcuts of The speciai agents
- 81 10 ascertain whether The hrahehcs
so n,y,n,z.,i have complied WIN ,ne ples
inns Of his act, il shall appear 'na. 49,
,n,,. =, oh branches have been ioi"ieu' ar'
~, ,be,, Stockholders. directors an om'
o.,s s,.. mon nfrespons,bllty nf and 'htesnE,
,S' .vI .,n,;,,.J N nubiic conhdence' anu tha'
s'o, "U h,.rch,, are lawfully entitled 10 com
r,on,e ,h. business OF banking, I'VE com
49, iii certify the same 70 the gov,
80, .nJ hall immud ,ately not,iy escn VI
s,;d h,sn.h,, thereof; snd WITHIN ten usy.
,fs, ,.sriyinv such notoes esou o,anoA
,h,Il ,nn,in,, in such msnnas a lhe a.teo,
,ny. thereof shall prescribe. one person 70
no = d,,ec,o,l Of tho Bant OF oi Os'r: nu.
M n.,snn vho is not . ciVseu ot.he o"..ea
s,,i,s. snI a resident OF THE ota'e, anu
vbo b,, nnt ,.,ided within this S'ate s.'eass
on. yest next previous 10 MS app ""'A
shall be such director. satisfied
s,c. IS. The governor, " he oe sa''snuu size.
that th., law has in all fespects o1eS ,t,on
nii.d with. shall issue bis proo'hhI.h
s.tt,np firth, that such bfancheS arc au -,
,,.d to conlnleE.e aud carry on oanN"e
the nl,c.s seycrally designated III eneu
Z l,,,l,S of as,ocislion. when ptoc.uHio
shall be- recorded in the Office oi tne W.
nor. and a copy Of said record cs,t'hea u
Jetthe vre,t seal OF tho state oi on,o, "ua,,
Lc nrimn racic evidence oil the o'sa'~A''N''
of said branch. .I.,ny,s,. and
Src. 81. The bank camm'ssioWo,s ~,
all agents appointed by them' sha't erD" ~
len,itled To receive f1r their sets'ces MY ~
! this act, FIVE dollars per day ior eyety e'I ~,
necessyrily employed in the atscuas0 a.
lih .ir duties, and their reason aaeie 'eAP'A~
: ), IS, T., be paid by the Bank oi oho al hs
! Sac. 5j. This ael' shall take eiiSolahu nj nj
in D,ecs ft,,n al allerthe second tuesuay II
U,tob,r next. i, thc SANE shall be app'o,e,
/ by am ,tority OF the electors voting sa '"''
day, ani IT other wise. u,,I,oars
fAh Speaker ofthe Louise hsy"
=, THOMAS II, Fohp
President OF the Sens'''
Apillitb, 1851. .hv .latSaN
c,,,xr,pv ov SrArR's OTFICB, I