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

such paying out or psiing in circu alica 6nts
ftdeennug it' notes IN g1id sid a'iti, udt trT
notes issued b. any bauk uul Of this State.
/ All notes, bile, end other evidence 81 deii,
excepting bills ol exchange discounted - 49,
brench, shall he made BY thc terms the-fdi 0rty
special Endorsement payable solely t0aetiftu1cf,
and no such evidence % debt shall be sssis nata
eroep' Tor collection, @ iof De ioiprins fupos
Firs,-To pay and drsdeen .hc eissai,tns note,
OF such hrauch
sccond--Topsy oih,T lisbilisiss ofsuch branch.
and after such liabilities shall have been os,harS.
/ ed;
Thri-To divide among the shareholder "a
their stock.
No brunch, shail i-sue any certificate Of depos
it, order, drait bill ttchgr or other Z, dime
/ OF debt, payable in currncy ur Va anything les
valuable than gold and silver coin. except ftceirs
Tor special deposits; nor shall any such OfantA
keep any accounts u cmtsney or in any ythinr les
valuable than gold aud silver coin, erctpi 90.
counts Of special deposits
No branch, sliai De permitted, in receiving
payment at banking house OF other pibce ll1
whore the same vas patNe'e, ui sef note, b,l az
other evidence ui debt, due 10 such tionch aid
PAYABLE as place other than 10 bank ~ iotir,
io receive in addition to the amount such ustt
and the legal interest due thereon, aiy atm ehai-
soever as premium, exchange o. dame To-; ho-
vided' Nothing in this section coit,intd shsii pts-
vent such branch from receiving The dsmstes ai-
luWedhy law upon any bene hde ball ct grchahfr.
duly protested iornOu acceptance or non .ra, meat
Sec. ~. All Transfers Of notes, bohds bills uf
exchange, and other evidence OF debt ing %
any bmnch or Of deposits 60 its credit. all assiln-
niynU OF mortgages or other securities on real ts-
tate, or oliudpemepm or DEGREES in iD ia,offsai
dcpOsits ol money, bullion ca other va'uah thie
iur its use, for she use ofpt, ucnis OF monog 10
tither, nude after the commission ui .at dis..
so'yCncy, OF in 0ntomplation thereof. with yitw
90 the prcereuce Of one creditor 90 suOtitr. ts.
cppt in pnyment ufits circulating notes, siall 10
held utterly null and void.
Sec ~. II The directors Of any branch shsil
knowingly violate or knOuiugly permit ais vi tha
officers, agents servants Of such branch 10 gi.l
late any Vt the provisonso OF the act, nl th, r ht,
priyle, es and franchisei Of such branch shall
thereby be forfeited, such yiolatior shall ho.s-
ever, be determined and adiudgCd by court OF
competent jursdictioni alrreably 20 the laws u
this State and the practice Of such court, before
the corp ration shall be declared Dissolved; andin
ense of such violation, every director Whu par;
dtp cd N, or asscHted 10 the aame, shall be held
/ liable m u personal and individual canacity us
all damages which the branch, ia sharelo dtig, or
any other persone, body polite or corporate shall
have sustained N consequences Of euch violation
See -. Every prcuident, director cashier.
teller, CLERK Of a. eut Of any branch, who shall
emhc2E'e, abstract, or willMl'y m sarpl, nus ~
the M tnrys, funds ~ credits OF such bfapcf on
or pot In circulation any OF tht notes Of such
lhmnci, or shei, without authority, issue or tut
{ Ell any eel utC ol deposit, draw an, uulti OF
B oi cK'h ngc, N auy G. ptuuce, sian nty
note, bund drait, bill of eSchAn.r e. mortl aet ur
oh instrumen Of writing or shall make aIsJ
false entry on any hook, rcToit or state m, nd of
the branch, with On irtrnt ia either case 90 hiuru
or dvirsud such branch, or 20 hiurc ur d,ifaud
any other company, body corpoait or poliiic Ot
any individual per-on, ur tn dccrivpanl ofir,ror
q u p oLteC oin'pec the affair my brancl,
shall be u,emed Iu lty OF y dsdtineauor, pau ul
on conviction thereof, shall be confined IN u
Peniisntiary At h,rd labor, not less than enc nor
more than ten years.
Sec 10 Stockholders in bfanches, ahall cach
be individually aud severally liable tn the crtuit-
Ors OF the branch OF which d ey arc st, oklrGeis,
In a sum equal ~ amoupt TO the 10, urn,G bv
eaeh,snd shou ANY O Ell branch become insoly
ent, ana as-eiS ue iOund insu hcCnt 20 rny it,
40 sand lia ie II. stockl o defs o. Y be G. N.
peiisu 10 py such deficiency, ~ priuit vl 10 uu
amount oi stock owned by EACH ami should tho
whole amount OF stock owned by each, aud sltu'a
\ She whole am unit for which STOCKHOLDERS are In
lividually responsible, az providtdin thesecipol,
zoe iouuu iu any cUac 70 be Inadequate 10 thefaN-
ment Of ell the residue ofthe dehss OF any branch
aitcr the application OF its assets 10 tho payment
OF such dtbts, then. che moneys due nom stock
holders on account OF their iLdividuh HabitieA
~ SUCH shall be Distributed equally N ny AL the
creditors OF such branch Ia proposition 70 the
j amount due 10 each, the personal n Aiiiy ip this
section provided tor, is over and above The stock
oNned by stockholders, and any ahilunt unpaid
, thereon.
Ser <6. The genera asscm y my altcr or re.
peal tlis act at peaaure but no act altering or re.
pealns this act shall Impose amy inu-tice or
Wrtug up0n the stockholders OF any ranch
Sec A. Every branch shall have luwer to
mako all necessary and proper hy AXIS .or d
management and control Of its hlsiness, ANA 10
hK and re- ulate the rate OF charges Tor uhkne
eollectons subject 70 be controlled thercin by ihe
bank OF Ohio.
Sec. q. No obranch shall ssue any note intend.
ed FOR circulation au money, except the urtcs iur-
nished tor that purpose by the Bank Of Ohio, aud
oil such notes shall be payable Al the branch By
I which they are issued in gold aud silver con tho
lawful currency Of the United States, or either,
as the option Of the branch, deInandi they shall
b. signed BY the president or vice president OF tho
proper branch, and cOuutCrscned By the csshier
thereof, N .de payable "a bearer, shall be ne
pOtgblt by delivery; all otker evidences oi debt,
suedby any branch, shall BE- ne able or & iue.
lerable n the 9ame W miuner a. 10 issued bN a nat,
ur1 peron, anu shall he binding ON the branch.
whether under sea- or not, aud all such evidences
of debt, other than notea Of circulation, shat 80
payable to the order Of some person therein nam.
, Sec. 49. The branches shall continue % ezhist
~ long necessary Tor tie settlement ol theraf
fairs, Notwithstanding the repeal OF tls act; and
no law shall ever be passed divertug OF applopri-
Ating the assets OF any such branch 70 eiy pur
pose other than 10 the PAYNE. Ia dehts ana 81
Abilities and Che distribution oil the residue amonz
its stockholders in proportion 70 tbs sloek bJ
thom seveuslly owned.
hANE COMMISSIONERS.
See so. To carry into elect she proYieions Of
this act, VIM. W. Scarborou. h., Of Cincinuau.
: franklin 7. Backus, Of Cleveand, iockins q
Hunter, OF Lancaster, J. R. Finn, OF Culpmbua,
and 5lmusl Forrer, o. Dayton, ahall be ana they
are hereby appointed cOmmissiouers and ihey, or
N Jority Of them, alter taxing an uith iilgent-
", faithfully and impartially 20 porlern the duties
asst ned them by ths act, certificate Of Vbich
oath shall be filed and caF fully preserved Ia the
, oicg OF the Secretary Of State, shall constitute
/. board TO be desil mated board oi bark c0lnmi3.
sioncrs; which ooari shall continue Until she or
ganisst0n 0ttlte Bank o. Ohio, ashorein provided
Tor, and thereafter, the duties hch thsy afc &c
qulred 10 perform By ths act, shall beFeriormtd
by said bank; and q any OF said colnll sa. .aleli
shall refuse TO serve, shall die or rgsgu his place
shall be hlied BY lhe Governor.
said Commissioners shall meet iii fhc city ~
Columbus, al such tne, within thirty days after
she Alo9non OF this oct, az shat be appDlniod BY