Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1857-05-14

y t"S iaOS tuNIcth sltie4s snau " tu'
duty Of such judge 10 allow an injuDetiou, and
to sniOi0 such branch, lie Oficsts, sgenh, and Al
Others 10 its employ, or connected herewith, from
doing, or suffering, or permitting TO be done, any
bushes whatever as q bank and from iutsrmed-
ding wth, or many manner dispOsing Of, The
lbooks papers, money, ehosss Ia action, aasls, Or
property Oftbe branch until the further order ol
The supreme eOurt Or sons judge fhsfsOE A
petition, reciting tbePrOesediDgs had, shall BE-
fled in the supreme court at Columbus q soon
kas injunction is allowed, - 7Hif e %.
SIC. II. Upon tie allowances Of such iujupe-
ton the property, credits, securities liens. and
asseta Of every description Ofsueh branch, shall
forthwith vest 10 the Bank Of Ohio, Who shall sp-
point receiver, to take possession Of The same as
provided in the eleventh section Of this sct. A
certificate OfappOintment Of such receiver, by the
Judge, or court, or clerk thereof making the same
shall be sufficient authority to him 10 take pos
session ofthe books property, and rights Of every
description, Of such branch, and shall be full au-
thOrity to the sheriff Of the comfy. where the
branch is located, TO give such receiver full posses
sion Of such books property rights with the
aid Of the county, il requirea; and ssid bank and
receiver shall b, governed by the provisions of
this act as provided iD cases of suspension; aud
upon the dissolution ofsueb injunction, or dissOn
tinuaDce Of such suit by the bank, all the rights
and property at such branch shall be restored to
and vest in said branch.
SEC. 49, The directors Of the Bank Of Ohio
whenever they may deem it exPedisnt, may es-
tablish an Office in each or either of the cities Of
New York, Cincinnati aud Cleveland, for the re-
cept of deposites and redemption Of the circula-
ting notes of the branches upon such terms as they
may, from time to time, prescribe and also clear
ing house ct Columbus They may make rules
and regulations necessary to the good management
Of such offices and clearing house. require the sew
era branches to contribute to the capital Of such
Offices, not exceeding five per cent. Of the stock
paid in by each branch, aud compel the branches
TO make their collections and deposits with said
offices and to employ all such officers and agents
as may be necessary. The net prOfts Of said off
ces shall be divided among the branches equita-
bly,. The Office in New York, in transacting bu.
siuess at that place, may take reserve and receive
such rate of interest as is or may be lawful by the
laws of the State of New York, and DO more.
SEc. 10. The Bank Of Ohio, after establishing
its agency in New York, shall, when required by
tho proper officers Of the State Of Ohio, discharge
the duties OfhansCsr agent of the State, and re-
ceive and disburss for The State all moneys neces.
sary tO be received and disbused in that city, in
the payment of the public debt and interest there
on, without compensation or charge for such SER
vice. and until such moneys shall be actually paid
out for such purpose or purposes; and said COM
missiOners. SHALL il they deem necessary take such
good and sufficient security as they may deem
proper, to secure the repayment Of said moneys
which shall he taken in the name Of the State Of
Ohio, and deposited in the Office Of the Auditor O
Estate. r ' c'ta 'tg'3 Eg We A
BRANCH BANK. s1
See. 20. Natural persons, not less in number
than five, may associate and form Branches of the
Bank Of Ohio for the purpose Of carrying on the
business of banking, each at such place in this
State as shall be designated in tho certificates
hereinafter required to be made. subject to the
contingencies, restrictions, conditions and labii-
ties prescribed in this act. e aa1 ! s'.'a-s
Sec. 81. Persons associating 10 form branch
shall, under their hands and seals make certi6-
Gates. which shall specify, -lAs'f' '.'s' g
First-The uame assumed BY such branch, and
by which it shall be known in its dealings, in
which name shall be included the name of the
city. village or town in which its banking opera
tions shall be carried on; f's $500
Second The amount Of the capital stock Of
such branch and the number Of shares into which
the sane is divided; II mr-'we 3 t10e..si sa
ThrdAThe name and place Of residence and
the number Of shares beld by each member Of the
company;
Fourth--The time when such company shall
have been formed; IT, t.,f31ss esit5als +
Which certificate shall be acknowledged before
justice Of the peace or notary pablic, aud shal
be recorded by the recorder Of the county where
such branch is to be established, in q book to be