The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-10-01

niiattt ~ any TINE ie indcJtci OF IN aul way ua-
ble 70 an amount exceeding two thirds ofits ca
Pital stock at sHch tiae actually paid in aud re
manning n capital stock uRdiminished by losses
or otlerwiss except on the following accounts--
that Is tos1y,
rst--Dh account ofits notes Differentiation:
SscOnd--Un accoun; OF money! deposited with
o:cc'lected by snch branch;
fhini-Ln account Of bills Of exchange or
dfdts drawn against monsy actual, ON dePUs-
It3 TO the credit o. or due TO such branch.
Fourth-LiIbillIieS tJ IT, stockholders on ac-
count Of mUaey paid in. ON ctpital stock diyi-
dsndS thereon, AMI undivided prniitS.
Nor shall any branch either directly or in
dire tlv, pledge, hypothectte or exchange any
9e Its notes OF circulation for the purpose of
pFocuring money ty be p1id in on ITS capital
stock nor plelg, or hypothrticltc directly or
Indirectly any oi such notes to bc used in its
4. ordinary banking operations.
SIT. 81. No branch shall during the time
il shall continue its operations NJ branch, with
draw or permit to be withdrawn either in form
of dividends, loans TO stockholders, for Ion.
gsr period cf time than four mouths or in any
other manner any portion of its capital stock;
AMI if losses shall at any time have been suS-
tanned By any branch, equal to or exceeding its
undivided prof then ON hand, M dividends
slll be made, and no dividend shall ever be
made by any branch. while it shall continue its
banking operations, to an amount greater than
its net profits then on hand, delucting there
from its losses anil bad and suspended debts;
and all debts due to branch ON which interest
/, past due and unpaid fora period of six months
unless the same shall DC well secured, anl shall
I've ia the process Of collection, shall be consid-
cred bad or suspended debts, within the mean
iIs Of this section.
SEC. IS. The directors Of each branch shall,
ksIn-annually on the first Monday in May and
November, declare a dividend of SO much ofthe
net profits Of the branch as they shall deem ex-
pedient; and on each dividend day. the cashier
shall make full clear and accurate statement
oi the condition Of the branch as it shall be- OH
that day, after declaring the dividend, which
shall be verified by the oath of the cash er pres.
ident and two of the directors; and similar
Statements shall also be msle ON the first Mon
day in each month in each year, which state
lnlents shall contain,
4,,{ First-The amount Of the capital stock actu,
ally paid in, and then remaining as the capital
stock of the branch;
, Secsnd--The amount of The bdis or notes Of
the branch then in circulation, specifying the
amount OF each denomination;
LII Ihrd The greatest amount in circulation at
any tina since the making OF the last previous
stat m mt Rs shall have been exhibited by the
weekly statements of the cashier, specifying
the time when the same occurred;
t Fourth The amount Of balances and debts
Of every kind due to the branches Of the Bank
,df Ohio, the amount due to other banks OF the
State, and the amount due to banks not of this
State;
- Fitth-1ho amount due to depoSitorS;
SiXtl--Ih1 total a,,nu,,t of dobIu , al hill
ities Of every description, and the greatest
amount since the making Of the last previous
statement specifying the time when the same
occurred, as exhibited BY the weekly statement
et the branch;
I, Soventh-Fhe total amount of dividends de-
cared on the day Of making the statement;
Yly Eghth-Ihe amount OF god and silver coin
sni bullion belonging to such branch and in
Iqssesslon at the time OF making the statement
designating the amount of each;
y Ninth Tho amount subject to be drawn al
Sight, in gold and silver, then remaining on de.
post with solvent specie paying banks i'll the
cities of New York, Philadelphia, Boston, and
Baltimore;
i, Tenth-The amount then on hanl Of bills
or notes, issued by other banks 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, r
the latter case, deposits in the cities of New
1, York, Philadelphia, Boaton and Baltimore, sui
ject to sight drafts, payable in specie.
Ri. Twelfth The amount on hand of bills bonds
notes and other evidences of debts, discounted
pr purchased by the branch, specifying partcu.
larly the amount OF suspended debt, the amount
considered bal, the amount considered doubt
yful, and the amount in suit or Judgement:
=, Thirteenih--Thc value of the real ard per-
gspnal property, held for the convenience Of the
branch specifying the amount of cach
=. Fourteenth-The amount of real estate taken
In payment of debts due the branch
80 Fifteenth-Thc amount of undivided profits
of the branch;
.lrjSix.eenth-Th total amount Of the IiaLili-
tjes to by the branch the directors thereof col
Ilectively, specifying the gross amount of such
liabilities as principal debtors, and the gross
,4mount as endorsers or suretes;
g, SeTenteenth-The total amount Of liabilities
.tothe branch OF the stockholders thzEeor col
clectvely, specifying the gross amount OF such
Liabilities as principal debtors and the g1os
amount as inlorsers or suretieS; which STATE
llent shall be forthwith transmitted to the Banl
of Ohio and auditor OF state.
b. An abstract of every such statement, shoyine
the condition Of the branch, shall be inlncdi.
ately published by the branch in come newspa
per printed in the county where such branch is
situated
SEC. 80. The general assembly shall never
Impose any greater tax upon property employ.
cd in banking under this act, than is or may be
imposed upon the property OF individuals
-JYSEc. 40. Every branch may take, reserve, re-
ceiye and 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 cenuu
per annum on the amount of any such note
bill Of exchange, or other evidence of debt SC
discounted, and no more: Provided however
That interest may be reserved or taken in ad.
vance at the time of making the loan or dis.
count, according to the usual rates of banking
or, as calculated in Rowlett's tables, AMI tho
knowingly taking, reserying or charging on any
debt or demand discounted or purchased BY any
branch, a rate of interest greater than that al
lowed by this section shall be held and adiudc.
ed forfeiture Of such debt or demand, but the
purchase or discount of a bona fidc bill of ex
change, 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 ex.
change on the place where it is made payable is
al the time such purchase or discount worth a
premium; nor shall the discount or purchase Of
q bona fide bill or note, payable at place, be-
tween which and tie place Of discount or pur-
chase, exchange is in favor Of the place of dis
count and purchase, and the taking in addition
to the rate Of interest aforesaid, tho rate Of ex