The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1857-07-16

! l OTNt thllAuSl pHla, boston, anu BaiItHure'
/ Tebth-The amoult then on haNl Of bills or
notes, issued by branches Of the Bank of Ohio,
the ainuun, issued by other banks Of this State,
and the amount Issued by banks not of this
State; ..
Eleventh-The amount of balances due from
branches of Bank of Ohio, the amount due from
other banks of this State, and the amount due
from banks not of this State, excluding, in the
latter case, deposits in the cities of New York,
Philadelphia, Boston and Baltimore, subject to
sight drafts, payable IL specie:
Twelfth-The amount ON hand OF bills, bond,
notes and other evidences Of debts, discounted or
purchased by the branch. specifying particularly
the amount Of suspended debt, the amount CON
sidered bad, the amount considered doubtful, and
and the amount in suit or judgment;
Thirteenth-The value OF the real and personal
property, held for the convenience of the branch
specifying the amount of each;
Fourteenth--The amount of real estate taken in
payment of debts due the branch:
Ffteenth-The amount Of undivided profits Of
the branch:
SiXteenth-The total amount of the liabilities
to the branch by the dire cors thereof collectively,
specifying the gross amount of such liabilities as
principal debtors, and the gross amount as endors
sureties;
Seventeenth Tho total amount of liabilities to
the branch of the stockholders thereof collective.
ly specifying the gaoss amount of such liabilities
as principal debtors, and the gross amount as en-
dofsers or suretics; which statement shall be
forthwith transm tied to the Bank of Ohio and
Auditor of State.
An abstract Of every such statement, showing
the condition Of the branch, shall be Immediately
published by the branch insome newspaper printel
in the county where such branch is situated
Sec. ~. Tie general assembly shall never i'm
| pose any greater tax upon property employed in
banking under this act. than is or may be imposed
! upon the property of individuals.
| Sec. 40 Every branch may take, reserve re-
ceve and charge on any loan or discount made,
! or upon any note bill of exchange, or other
evidence of debt a the rate of six per centum per
annum on the amount Of any such note. bill of ex'
change, or other evidence of debt so disc c)unted
and no more; Provided, however, that intere. t
may be reserved taken in advance at the time of
making the loan or discount, according to the usu.
al rates of banking, as calculated in rowlett s
tables and the knowingly taking, reserving or
charging on any debt demand discounted or
purchased by any branch, rate of interest great
er than that allowed by this section shall be held
and adjudged forfeiture of such debt or de.
mand, but the purchase or discount of bona fide
bill OF exchange, or note payable at another place
than the place OF such purchase or discount. and
the taking or reserving of interest thereon at the
rate aforesaid, from the time of such purchase or
discount, until the maturity of such bill or note,
shall not be held usurious, although exchange on
the place where it is made payable. is at the time
! of such purchase or discount, worth premium;
nor shall the discount or purchase of bona fl lie
bill or note, payable at place, between which and
the place of discount or purchase, exchange is in
favor of the place of discount purchase, and
the taking in addition to the rate of interest aore
said, the rate of exchange between such places
| be deemed usuriOuS: Provided, that no loan to- or
discount in favor Of any director or stakeholder in
which more than six per cent. shall be taken, re
served or charged, shall be forfeited but the same
shall be valid against such party. Provided, fur.
ther, That no more than one hIlf Of one per cent
shall be taken as eX hange upon any such paper
payable in this State, aud no more than one Del
cent cent. upon any such paper payable out of thi,
STATE and In no case sh1ll more than the current
| rate OF exchange between such places be taken
Sec. Al. The total liabilities of any person, oil
of any company or firm (incuding in the liabili
ties OF company or firm the liabilities of the sew
eral members thereby to any branch as accepto
or acceptOrs of bona fide bills of exchange paya
BILE out OF this Stale. shall at time exceed one
fourth OF the amount of the notes which suci
branch is authorized to circulate, exclusively o
Liabilities as acceptor or acceptors, cne.tenth ant
exclusive of all liabilities on such bills of ex
change one-twentieth part of the amount of sucl
notes.
No branch shall, at any time, pay out on loan
or discounts, or in purchasing o drafts or bills o
exchange, or in payment of depositors, nor shal
it in any mode put in circulation the notes of an!
bank or banking company which notes shall no
at that time be receivable at par in payment o
debts, by the branches paying out or circulating
such notes, nor shall it knowingly pay ou' or pu
in circulation any notes issued by any bank o
banking company which at the time of such pay
its notes in gold and silver nor any notes issuet
by my bank out of this State.
All notes, bills and other evidences of debt ex
cepting billsofeX1hange discounted by any brancl
shall be made by the tie. ms thereof, or by specia
endorsement, payable solely to such branch, aut
no such evidence of debt shall be assignabe ex
cept for collection, or for the following purposes
First-ro pay and redeem the circulating note.
of such branch;
s,cond-To ray Probabilities of such branch
and after such liabilities shall have been dis
charged;
Third-To divide among the shareholders OIL
their stock.
No branch shall issue any certificate of deposit
order, draft, bill OF exchange, other evidence
debt, payable in currency or in anything less val
uable than gold and lver coin, except receipt,
for special Deposits shall any such branch
keep any accounts in currency in anything less
valuable than gold aud silver coin, except ac
counts of special deposits.
No branch shall be permitted in receiving pay
ment at its banking house or other place than
where the same was payable, of auy note, bill, oil
other evidence of debt, due to such branch, aud
payable at place other than at its banking hou se
to receive in addition to the amount of such debt
and the legal interest due thereon, am sum VIII at
soeye1 az premium exchange or damages Pro
vided, Nothing in this section contained shall pre-
vent such branch from receiving the damages al
lowed by law upon any bona fde bill of exchange
duly protested for non.acceptance or non pay
ment.
See. 40 All transfers of notes, bonds, bills. o
exchange. and other evidence of debt owing to
any branch. of deposits to its credit all assign
ments of mortgages or other securities real
tate or of judgments or DEGREES in its favor; all
deposits Of money, bullion other valuable thing
for its use, FOR the use Of any of its stockhold
ers creditors; all payments of money to either
made after the commission of an act Of in .olvency
or in contemplation thereof with view to prevent
the application OF its assets in the manner pre-
scribed by this act, or with view TO the prefer
ence of one creditor to another, except in payment
of its circulating notes. shall be held utterly null
and void.
Sec 49, If the directors of any brar ch shall
know 'ngly violate or knowingly permit any Of
the officers, agents servants of such branch to
vioate any Of the provisions of this act, all the
rights, privileges an franchises of such branch
shall thereby be forfeit d; such violation shall
however, be determined and adjudged by a court
Of competent jurisdiction, agreaUy to the laws of
this State and the practice Of such court, b fore
the corporation shall be declared dissolved. and