The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-10-02


~ an auinun, eLcseliag tWS third- of its cApi
stock VI such ume acut ly util in. aud 70
itinirg A. rsnitsl stuck On 'iniui,hri nv lusst.
ro'h,rwis' except on the following acc unis-
that TO sal.
Flr.l--on account of q. no,ss Of rirrul.,ion
Secoud % account Of none, depu.htd with
or collected b1 such ranch,
Ihiri-Ou account bills of exchange or
dr'ie erawn against money sciuall, on deposit
20 the credit of, ~ ue 20 surh branrh
Fourth iiahilities o. i,s storkholi p, re- ON A.
cuunt of monsy paid in un rppilal to / hiyi
len, n reon and undivided prn6u
Nor shalt any hisuch. either 'irsct, or indi.
rertly pledge hynothcctis or exchaare an, q,
H. notes IT circulation lnr tho purnose o pro ur.
iug money 20 Ne p,i In on lts capN .tork nor
pledge or hyp thecRt drtr rh Or In irr ais an,
o such notes 70 he used 10 Us urtiuarJ uankiug
uri ration
Sec. 81. Nobrauch shall during the time Il shall
continue w. operations "a a branch Withdraw ur
permit 10 be Withdrawn, either In form of divi.
dends, loans TO stockholders, ior a LONGER period
OF tine than Our months, or iu ANY other manner
any portion Ol is capital stock; and ID losses shall
Ut any timu have been sustained by any branch.
equal to or exceeding its undivided profns then
on ha' no dividends shall he made and no diyi.
dend shall ever bc made by any branch, while il
shall continue he btnkin operations, tn an amt
greater than its net profits then on hand, deauct
ing thereirOm its LOSSES and bad and suspended
debtsi and all debts due to a branch, un mich in
terest Is past due and unpaid for period of sx
months, unless the same shall be well secured
and shall be- IN the process Of election, shall hr
considered bad or suspended debts, within in the
meaning OF this section.
See. as. The directors Of each branch shall,
scmi-annually on the first Monday IN May and
November, declare dividend Of 40 much of the
net profits Of the branch ~ they shall Judge e1.
pedienti and ON each dividend DAY, the cashier,
shall make full, clear and accurate statement
otthe condition OF the branch, ~ Il shall be ON
that day, AFTER declaring the dividend which shall
be yerihedhy the oath OF the cashier, president
and two fthe directorai aud similar statement.
shall also be- made on the hrst Monday in eaol,
month in each year, which statements shall con.
tan,
Fr,t-ihc amount Of the capital stock actual
y paid in, and then remaining as the capital stock
! Of the hrunchi
Second-th' amount of he bills or notes orthc
branch then ia circulation, specifying, che amount
OF each denomination;
! Third the greatest amount in circulation at
any time since the makipg OF Che last pr,vious
st'temen', as shall have been exhibited by the
weekly statemcpts Of the CASHIER speciyinp the
time when the oame occurred;
Fourth-the amount OF balances and debts OF
every kind due 10 the branches o the Bank o.
Ohio, the amount due 10 the other brtnches on
the state, aud the amount due 10 bauks not OF
this States
kihh--the amount due to dcpostors,
SiEth-the total amount OF debts aud liabilities
OF eVerV description, and the greatest amount
since the making OF the last previous statement,
specifying the tmc>When tho same occurred, as
e1hlbitedby the Weeky statement OF the branch ,
seTtnth--lhe total amour, OF dividends d, clar-
| Cd ON the day Oi MAXIM, the statements;
| Eighth--the amount VI gold and SILVER coin and
bullion belonging 10 such branch, and Ia p0saess.
lou at the time OF making the statement, designa.
| ting the amount each;
Nnth--the amount sub ject 10 be drawn AZ |l'
IN Sold and silver, then rem ining ca deposit Eit
solvent specie payilg banks in the oities oil Nvv
York, Phlladelphla, Boston aud Baltimore;
Ientli-the amount then On hand, VI bills Oi
aotes, issued by branches oil the Baak Of Ohio, tn,
amount iHsuedb by other Banks OF this State an,
the amount issuedby banks not of this Slste;
Eleventli-the amount OF balances due from
branches Of che Bank OF Ohio, the amount du,
IRON other banksol this State aud the amount ia,
from banksn Of this State, excluding, la Ia,
| latter casri deposits in the cities of New York
Philadelphia B'stonand Baltimore subject " sig'
drafts, payable IN specie. "
Twclith- the amIunt on hand Of bills, bonds
! notes and other evidences oi debts, dscOunted
or purchased by the branch, specifying particular.
| ly the amount otsuspended debt, the amount con.
| sldered bad, the amount considered doubtful, and
! tle hn luht IN SUIT or luugmeutt
Thirteenth--tie value vi she real and person.
al property, held for the ooHyen nce OF the branch
specifying the amount OF each;
Fourteenth the amount of real estate taken
In payment OF debts due the branch;
Fiiteenth--the amJunt Of undivided profits oil
the branch;
Sixteenth-the tot,l amount OF the liabilities
90 the branch by the directors thereOf collective.
ly, specifying the gross I'm ,unt OF such liabilities
a. principal debtors, and the 5rUss amount as en-.
dursers or sureties;
SeYenteenth-the total amount of liabilities 70
the branch OF the stockholders thereof collective
| ly, specifying the gross amount Of such iiAhties
AZ principal debtors, aud the gross amount No en-
dorsers suretles; which statement shall be orth
With transmitted to the Bank Of Ohio an Audit.
or OF State.
An abstract Of every such statement, showing
the condition Of the branch shall be INN ..liateiJ
published by the branch IN some newspaper print
ed ia the county where aueh branch is situated.
Sec 80. The general assembly shall never i'm
| pose any greater tax upon property employed Ia
banking under this act, than is Or may be impOa
ed upon tle property ol such Individuals
| Sec. ~. Every branch may take, reserve, re-
ceive and charge any loan or discount IN ,de, OF
upon any note, or bill Ot exchange, or other eVi
dence OF debt 40 discounted, an no more; PrOy
ded, however, that interest may be reserved ol
taken IN advance at the time of max ng the loAi
or diacuunt according TO the usual rates OF bank
ing, or as calculated in RoWlet's tables. AID thel
knoWingly taking, reseFying or charging On ans
debt or demand discounted nr purchased by ans
hranchi rate OF interest greater than that allow
ed by this section shall be held and aljudged I
forfeiture OF such debt or lenand but the purchase
ordiaoount OF bona dde bill OF exchange, or not
payable at another place thtn the place OF sucl
purchase or discount, until the maturity 0i sucl
bill Or mute, shall not be held usuFiOus, although
exchange on tue place where Il is made payable
Is At the time oi such purchase or dis Ount, EOr'i
. premumi nor shall the discount Or pureh lse
of a bona fde bill or note, payable az place, be
tween which and the place OF discount or Durehas'
exchange in favor ofthe place Of discount or pur
chaser snd the taking in addition 20 the rate OF in
teresl Aforesaid, the rate ofeEchtnge between auc
places be deemed usurOus; Provided, that no l0a
W, or discount in favor OF any director or stock
I holder 10 which more than siXper cent ahall b
taken, reserved Or charged, shall be fOrfeited bu
the same shall be valid against such party. Pru
Vided Rrther thatno more thauOne' half Of on
per cent shall be taken az exchange upon an
such paper payable in this state, and no N tha
one per cent. upon any such paper payable out Q
this state and Ia no other case shall more thai
the current rate of exchange between such place
be taken.
Sec, a. The total liabilities Of any person, o
any company Of firm (noludlng IN the liabilitie
OF the several members thereOf,) 70 any blaneh a
Innnnufor ar nnnnuffiu1 i1f Uftna uNa bills OF q