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

10 del iossha .en l.trsSf eSlIecGysly, specify.
+, ing tha gro.s san0uuI y surA 6abilides as Pdnei-
pasl atbson. md he gesA afaeunt as iudOrssrs
OF suretis; which siaiemsps shall be forthwith
transmitted to the Bank Of oaiO aud auditor Of
An abstract Of every such statement, showing
the condition Of!the branch, shall be Immediately
published hy the branch 10 sons newspaper print
ed in the county where such branch is situated.
sEo. 80. The general assembly shsl hever
impose 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-
ceive and charge on any loan o. discount made, OF
upon any note, or bill Of exchange, OF other .esi-
dsnce Of debt at the rate Of six per esntum per
annum on The amount Of any such note, bin Of
exchange, or other evidence Of debt 50 diseountssA
and no more; Provided, however, That interest
may be reserved or taken 10 advance At the time
of makipg the loan or discount, according to the
usual rates Of banking, orbs calculated IA Row
lets tables; and the knowingly taking, t~sserving
Ior changing on any debt or demand discounted
Tor purchased by any branch, a rate Of interest
greatertban that allowed BY this section shall be
held and p1judged a forfeiture Of such debt or de-
msnd but the purchase or discount Of bona fde
lbiH Of exchange, or note payable at another place
than the place Of such purchase or discount. and
The taking or ressrvihg Of interest thereon at the
|, rate aforesaid, from the time ofsueh purchase OF
: discount, until The maturity Of such bill or note,
, shall not be held u%surious. although exchange OF
. the place where tits made pastbls, is at tb'
ltime Of such purchase or discount, worth a pre-
mum. nor shall the discount or purchase Of
v bona dde bill or note, payable at a place, beIHee
which and the place Of discount or PURCHASE ex
N change Is 10 favor ola place Of discount or put
chase, and the taking in addition to The rate {
:. interest aforesaid, the rste of exchange betwee
!, such places, be deemed usaFious: Provided, Phu
no loan to, or discount 10 favor Of any director o
"A stOckholder JIG which more than six per cent asla
/ be Iakeu, reserved or charged, shall be f~orleitel
d but the same shall DO valid against such party
IN Provided further. That 40 more than one hal
"A Of one por cent. shall be taken as exchange upo
any such paper payable in this State, and D
y more than one per cent, upon any such papt
q payable out Of this State aud in no case sha
ell more than the current rate of exchange betwea
IN such places be taken. hiJu I'D % lAlt a
n Sec. Al, Thetotal liabilities Of any person,
of any company or firm (iDcluding IN the liabiI
n ties of company or firm the liabilities ofthe Sc
, eral members thereby to any branch ss accepts
I. or nCceptots Of bOpa6je bills Of exchange payab
out ofthis state shall at no time exceed one four
:, Of the amount Of the notes which such branch.
= authorized to circulate, exclusively Of liabilities
=. aceeptor or acceptOrs, ons-tenth, and exclusive
I all liabilities on such bills Of exchange pne.tweut
eth part OF the amoput ofsuch notes, eas
II No branch SHALL at any time, pay out on loa
~ or DISCOUNTS OF in purchasing Of drafts or bills
exchange, or 10 payment of depositOrs nor sh
:, it in any mode put ip circulation The notes Of a
bank OF banking company, which notes shall Q
at that time be receivable at par in payment
debtA BY tho branches 50 paying oator c%irculntiI
such notes. aor shall j. knowingly pay out or P
in circulation any notes issued BY any bank {
banking company which at the time Of such pa
ing out or putting ia circulation is not rele.miI
1 its notes in gold and silver, nor any notas issue
/. BY any bank out Of this State. = srf
AlnOtes, bills and other evidences ofdebt, e
,cepting bills Of exchange discounted BY any BRAN
shall be made by the terms thereof, or by spec
Endorsement payable solely to such branch, Al
4. no such evidence Of debt shall ba assignabls {
eept for collection, or for the following purr
ses. at5 dtl 20 5auk lait.as g1I .oe
h Fist-To pay and redAsm the circulating mol
Of such branch;o s.jFa - s. laas laa
second-rO pay other liabilities o. SUE
branch; and after such lab Titles shall have be-
discharged. an "a N.daHh th, Vsass,l
4. Third--To divide among the shareholders
their stock. 1ei go talh vi ysua
DIN No branch, shall issue any certificate Of depo
Dos, order, draft bill Of exchange, or other evidence
ies. debt, payable in currency Or in anything less VI
liable than gold and gold and silver coin. exec
at receipts ofspecid deposits; nor shall any SD
A.. branch keep any accounts IN currency OF in AZ
!. thing less valuable than gold and silver chin, (
CIV "ept accounts Of'specisi deposits,
No branch. shall permitted, in receiving p'
msnt at its banking house Or other place th
where the same was payable, Ofapy note. bill
other evidences Of.debt due to such branch, a
payable at . place other than At its bapki
house, to receive in addition to The amOr
If such debt and the legal interest {
'O" theEeOu, any sum whatsoever as premium,
rom change OF dsmages; Provided, Nothing in /