The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1857-10-08
LAWS OF OHIO.
PUBLISHED BY AUTHORITY.
/. lI5.l AN ACT


entitled "An act TO incorporate the State
Bank Of Ohio and other Banking Compa.
MES" passed February 24lh. 1916.
SECTION /. Be IL enacted Gy the General
Assembly Of ths &ais of Ohio, ThOt the
forty fifth section Of the act entitled "sn act
TO incorporate the State Bank Of Ohio and
other Banking Companies" passed Febru-
ary "a, lS45, be aud the same is hereby
amended so as to read as follows, viz: Sec
ton as. Whenever any independent bank,
being desirous Of diminishing the amount of
its circulating notes, shall deliver to the
Treasurer Of State any portion of such notes
not less in amount at any one time than five
thousand dollars TO be destroyed. the Trea-
surer shall destroy the same as prescribed
in section thirty FIVE, and shall thereupon
transfer and deliver to such bank certificates
of funded debt deposited with him by such
bank to an amount equal to the amount OF
notes so delivered up: Provided, that the
amount OF such certificates remaining with
the Treasurer shall not thereby be reduced
below the amount OF the capital stock OF
such bank at the time paid il, nor in any
case below tbs sum of fifty thousand dol
lars, nor IN value, estimating the same at
their then current price in the city of New
York, below the amount Of circulating notes
still retained by such bank; nor shall the
Treasurer be required to transfer such Ger.
tificates in fractional sums of less than one
thousand dollars; bnt whenever any such
bank, being desirous Of relRquisbng its
banking business, shall have filed with the
Treasurer OF State, under its corporate seal,
declaration to that effect, it shall be law
ful for the Treasurer Of State, upon receiving
from such bank its circulating notes, in par
GELS as in this section provided, TO trans 'er
and deliver 70 such bank Of the certificates
aforesaid 10 an equal bmount, although the
amount of the remaining certificates will be
reduced below the amount OF the capita
stock of such bank and below the sum of
fifty thousand dollars. Aud whenever any
such bank shall have paid at least ninety !
per cent. OF the maximum amount Of It's cir
culating notos, and shall have delivered the
same to the Treasurer Of State to be des- |
troyed, and shall have provided means and
given security to the satisfaction Of the
Treasurer, Seesetary, and Auditor Of State,
for the redemption of its outstanding notes
Of circulation at the place where the office
of such bank was established, ard shall have |
given notice thereof by advertisement, for !
six consecutive months, in two newspapers
of general circulation published at Colum-
bus, and at least one published in the city,
town or village where the office of such
bank is located: it shall be lawful for the
Treasurer of State TO re.transfer and deliver
TO such bank all the remaining certificates
of funded d. BIT previously pledged with him
by such bank. and all the corporate powers
of such bank, except such as shall be ncces-
sary TO close up lis affairs, shall cease after
one year from the time of filing the declara-
ton OF intention to close up its banking
business with the Treasurer Gs above pro. ,
vided.
Nh. VAN VORHES,
Speaker Of the House of Representatives.
THOMAS H. FORD,
President of the Senate.
April IA, 1857.
TNc. I4l.] AN ACT
Relating to certain proposed Amendments
to the Constitution, and the publication of
this aci, and an act therein named.
WHEREAS, The General Assembly of the
State of Ohio, three fifths Of the members
elected to each House agreeing thereto,
have proposed five several Amendments
10 the Constitution, to be submitted to the |
electors for their approval or rejection at
the election for senators and representa-.
lives, On the second Tuesday Of October,
1857, therefore,
SECTION l. BE IL enacted By tie General
Assembly of the State Of Ohio, That the elec.
tors of the state shallvote upon said proposed
amendments at the general election in Oc-
tober, 1857, as herein prescribed, viz:
Thc>e veting for amendment numb ber one,
.ka! prt upon their ballots these words,
"Aninal Sess,ons-Yes'; those voting
against it shall put upon their ballots these
words, "Annual Sessions-No". Those
voting for amendment number two, shall
put upon their ballots, "Change of District
Court-Yes"; those voting against it shall
put upon their ballots, "Change of District
Court-No". Those voting for amendment
number three, shall Put upon their ballots,
'"Bnnk and Individual Taxation Equal
Yes; thooe voting against it shall put upon
their ballots, "B INK and Individual Taxa.
tlon EquaI-No". Those voting for amend
ment number four, shall put upon their bal.
lots, rporations-Yes"; those voting
against it shall put upon their ballots, "Cor.
porations-No". Those for amendment {
number FIVE, shall put upon their ballots, t
"Sing!e Districts-Yes"; those voting
against it shall put upon their ballots, "Sin.
gle Districts Mo-.
Sec. 2. A return, additional to the re. t
turn now required by law to be made, of the c
votes cast at such election for state officers, t
and senators and representatives., and, also, r
for and against each of said FIVE proposed
amendments to the constitution, shall be
certified and made by the clerk of each
county to the secretary Of state, within ten
days after said election, and within twenty o
days after said election, the governor, sec. .
retary of state and attorney general shall Il
open said returns and couut the votes, md t
ascertain whether or not majority of the C
votes cast at said election have been cast
for said proposed amendments, or either of >,
them; and if it appears that a majority OF
the votes cast at such election have been a
cast for said proposed amendments, or either {
OF them, the governor shall make proclama. c
tion thereof without delay. j..
Sec. 8. This Get, and the act entitled
San act providing for the submission to
the electors" Of the act entitled "an act to y
incorporate the Bank of Ohio and bran. d
ches," passed at the present session of the n
general assembly, shall be published by q
each county auditor, in two weekly English
papers, If two be published in the county,
and in one German weekly paper, if pub. c
lished in the county, for two weeks next
Ill