The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1857-06-26

= cashier, teller, clerk or agent Of any
branch who shall emhezzle, abstract,
or wilfulIy misapply any Of the mon
eys, funds or credits Of such branch, or
shall, without authority froni the direc.
tors, issue or pu, in circulation any Of
the notes OF such branch, OF shall with.
out authority from the directors, issue or
put in circulation any OF the notes ol
such branch. or shall, without such au'
,horily. issue or put forth any certificate
pl deposit, draw any order OF bll eX
change, mako any acceptance, sign any
note. bond, drsft, bill OF exchange,
morteage, or other instrument Of writing
VI shall make any false entry on any
book, report or Sta!emcntol the bran'h
with an intent IN eithsr case to inlure or
lefr,uI any other company, body, or
cooperate or polite, any individual pei.
son. or To- deceive any officer or agent
appointed to inspect the affairs OF any
branch, shalt be deemed guilty Of a
lmsdrmrsnor, aud upon conviction
thereoi, shall he confined in the Penl'
tentiary al hard l'bor, not less than one
nor more than ten years,
Src. -. Stockholders IN branches,
shall each he Individually and severely
llisble to the creditors Of The branch ol
which they are stockholders, in sum
equal ;n amount 10 the stock owned by
leach, aud should any such branch be-
come insolvent, and its assets he found
Insufficient to pay its debts and liablli
ties, it's stockholders may be compelled
10 pay such deficiency, IN proportion tc
The amount Of stock owned by each, an,
should the whole amount for whicl
Stockholders are Individually responsi
bic, as provided in this section, be fount
lin any case to he inadequate to the pay
/ ment of alt the residue Of the debt %
any branch after the application ol IT.
assets TO tho pay ment OF such debts, ihe'
the moneys due from stockholders OF
! accom-, Of their individual Liabilities a
r such shall. be distributed equally among
: ali the creditors of such branch, in pro
portion TO the amount due to each; tht
personal liability IN this section Provi
led ior, is over and above the stocl
, owned by stockhoIdets,anl any amour
unpaid thereon.
SEC. 40. The general assembly may
r alter or repeal this act at pleasure, bu
no act altering or repeating this act
shali impose any injustice or wrong up
$, r""' .Ioldcrs OF any branch.
~ make all necessary anu p'Jt ~, .
!, for the management and control Of /
nj business, and to fix and regulate the raj
81 Of charges for making collections, sui
,"c iect to be controlled therein by the ban
:, of Ohio.
r" SEC. 4s. No branch shall issue on
g notes intended for circulation as none!
" xce pt the notes furnished for the pu
nd pose by tho bank Of Ohio, and all SUE
is notes shall be pay able at the branch /
81 which they are issued, in gold and 81
rh YER coin. the lawful currency Of Il
az az United States, or either, at the option
II the branch, on demand; they shall
'S, ., signed by tho president or vice pres
re dent OF the proper branch, and counte
q signed by the cashier thereof, ma,
y, NJ pay able to bearer, and shall be neg
u" liable by delivery; all other cvidenc
y Of debt, issued by any branch, shall
o ne egotiable or transferable in tho san
!" manner as il issued By natural pc
Il, sou, aud shall be binding on the bran
" whether under seal or not, and all SUI
'% y" evidences OF debt, other than notes
ir circulalion. shall be pay able to the {
!" Ter OF some person therein named.
IT, II. SrcrioS 80. T1' t=anc'os ,shallo o
H. the settlement OF ,he,9-saGN notw''
at standing the repeal ol this'act; and
,, aw shall ever be passed diverting
in appropriating the assets OF any su
y, ~. branch to any purpose other than to /
".' pay ment of its debts and liabilities, a
ny The distribution of the residue among
,m stockholders in proportion TO the sto
* by them severely owned.
" BANK COMMISSIONERS.
he SrcrIoS SO. To carry into effect &
. provisions OF this act, VIM. w. Scart
OF rough, of Cincinnai, franklin L .Bac
MS, of Cleveland, Hooking Fl. Hunt,
II Of Lancaster, J. r. Finn, of Columbl
and Sonuci Foner, Of Dayton, shs
OF be and tn y are hereby appointed col
es missioners, AMI they, or a ma aority
them, after taking an oath, lilligentl
g faithfully aud impartially toper(orm {
Auties assigned them by this act a C,
te .ifcate OF which oath shall be filed q
se carefully preserved in the Office Of 4
IN Secretary Of State shall constitute
g board of bank commissioners; viii
g. board shall continue until the orgar
~ zation Of the Bank oil Gnio; as here
IT, provided for, and thereafter, the duti
~ which they are required TO perform
Of said bank; aud il any Of said comm
sionors shall refuse to serve, shall d
c, or resign, his place shall be filed
o the governor.
as Said commissioners shall meet
ii. the city Of Columbus, at such tim
al within thirty days after the adopt,
ls of this act. rs shall be appointed |
TO the governor, who shall notify ea,
al member of his appointment, and
70, the time and place of meeting; thu
s' shall when met, appoint of the
n number to he their president vi
Gu shall, under the order OF the boar
w w sign all official documents; and th'
~ shall cause a fair and true record
all their official proceeding to
Is kent in book to he provided (
a that purpose, which shall be deli
,s g ed by the president OF said boa
n. to the Bank { Ohio, as soon as 4
tie same shall be organized. .
or; Src 81. The board of bank cor
'er mission ,rs shall examine the ccr1
is ficates OF the formation of branch,
RS; transmitted to them "a required
al Al Il Al