The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1857-10-02

property held for tho convenience of tho
orahch, spccliyldg the amount ofoach; ,...
Fourteenth--Thc amount Of rc;u estate taken
IN payment of debts duo the brancE
fineen'h--Thc amount of undivided profits
of the branch:
Sixteenth total amnun, or liabilities f.,
VIC branch by The directors thereof collect.
biliucs Ms principal debtors. aud the gross
amount as endorScrs or surctles:
Scventecnth--rhe total Amount of liabilities
10 the branch or tho stockholders thereof col.
leCtivoly: spec fyng the gross amount of such
Liabilities rs principal GcbtorS, ail the gross
amount rs cndorserS or surcticS; which state.
mcul shall lie forthwith tran .mitted 10 the Blnk
ur Ohio uui the Auditor of State
Au abstract OTcvery such statement, showing
the condition oithc branch, shall bc immediate.
ly published by the branch In sumc newspaper
printed In the conn'y where such branchis sit.
uateh.
$40. -. The General Assembly shall move,
impose any greater tax upon property employ.
imposed upon the property of individuals.
/ SEJ. 80. Every branch may take, reserve
receive und charge On any loan or discount
nude, or upon ony nnlo or bill of exchange, Ol
other evidence Of debt. at the rate Of six PEI
c"ntim per Nnum ON the am nat of any sucl
nntc, bill of cxcha1cc, or other evidence o
debt ~ discounted, and NJ more. Provided
however. That interest may he reserved ur tl
| ken In advance ut the time of making the llAi
rr discount, according tn the usual rates o.
banking, or as calculated in ROwlctts tlhlCs:-
and the knowingly taking, rescrvng or chars
/ ing uu any debt ur demand discounted or pur
chased by any branch, rate of interest great
or than that allowed by this section shall bI
! held rnl ndjudEcd forfeiture Of such debt ol
demand, hat the purchase or discount Of 4 bona
fdc hill of exchange, or note payable At annth
cr place than tho place of such purchase or III.
count, aud the taking and rcScrving VI interest
thereon at the rate aforesaid, from the time o
such purchase or discount. until the maturity
| of such hh ar iIutc shall not bc held uluriju5
although exchange un tho place where it /,
made payable, Is at the time ufsuch purchsst
tor d scount worth u prem um; nor shall the
ldso Dun' or purchase OF u bona nda bill or note
payable NJ place, between YhlCha az :, ~ ri"e,
| tho place OF Discount or pure hasc and the to
king In addition TO the rate ofiulorost f,ros ,i,i
! the rate ui exchange bOtwcon suou ni,ras 4.
deemed usJriuuS: Provided. That no loan t.
! Or discount In Gtvor of any director or stock
/ holder in whiOh more than six per cent. shal
h1 taken, reserved nr charged. shall he forfeit
ed. bat tho S;tIue shall b. Valid against sucl
party: Provided, further, That no more thar
| ono. half Of ono per cent. shall bs taken MS ex
change upon any such paper payable in this
state, and no more than one per cent upon any
| such paper payable out ot this State and In NJ
case Shall more than tho olrrcnt rate uf eI
! change between such places be taken.
SEC. Al. The total Liabilities OF any per
IN ,bc liobil,it,es nf n comnany nr 6,m IN,
n,i,,I,i.s nT mn. s,vrral n,.o,h.rs ,Inr.or
10 any branch as acceptor or acceptors o
s,ohonre nayable ou, of this STATE. shall n
4 no time exceed Suc fourth OF the amount 0
,be nn,,s which such branch is au;horiz.t
tu circulate, exclusively Of liabilities as ac
ceptor or aeceptors, one tenth and eSclusiy,
ofnIi iiohiliii,.s on sneh bill, of r,chsnv,
lonr.tweut,,.h mart of the amount of s,,cl
MI
n, branch sholI. nj any time. nav ON loon
ar discnunis. or IN purchasins of lf.lls o
\ hin. Of c.chopr,. or in puy,uent of Il .nosi,
,nrs M, shaII # in auy mod, nt In c,rcu
o,,nn The uo,cs of any bant or bankin, com
I nan, which uo,.s shull not mt tLut time la, n.
:, cs,vohIr n, mar IN paymeut ordrbls. .by The bro
chg az n,vinr or circulating notes. nor sbaI
=, hno,,,n,,,y n,v ami mr. mi In c,,o,is,in,
n'v"tw 80. s,u,.I I'D kv ,ny hs,L mr. hsnE;n
I c'm,,ny whirb n, tb,. lime of s,,ch nayin
,ts iotei III gold anu sli,rt ,.o, 49, 80
= in gold aud silver nor any notes issued b.
/ any bank out OF this State.
| An notes, bills and other evidences u
! debt, excepting bills Of exchange, dIscoun
ted by any branch, shall be nade by Tia
; forms thereof, or by special inlruSem mt
payable solely TO such branch, and no sucl
evidence of debt shall b. asslgnable excep
for collection, or for the following purposes
PlIst-To pay and redeem the circulating
notes of such branch;
: Second-To nay other liabilities Of sucl
branch: and after such Liabilities shall hay
! brrn dIscharred;
n Tbird-TO divide among the share holder
on their stock.
No branch, shall issue any ccrtifcat o
ldeposit, order, draft, bill Of exchange o
other evidence Of debt. payable IN currenc,
or IN anything less valuable than gold an
lsllyer coin, except receipts for special de
. posts; nor shall any branch hcep any &C
I counts less valuable than gold and sliyc
coin, except accounts of special depoplts.
No branch, shall bc permitted, IN receiy
ing payment at its banking house or ollie
place than where the same was paysb'c, @
. any note, bill, or other evidences OF deh'
due 10 such branch, aud payable at plac
other than at its banking house 10 receive il
: addition to the amount ofsuch debt and th
legal interest due thereon,. asy sum whatso
ever as premium, exchange or damage:
Provided Nothing in this section eonta,ne
shall prevent such branch from fecclvin
the damages allowed by law upon nny ban
f;de bill of exchange, duly protested lor nol
-. acceptance OF non payment.
Syc, ~. All transfers or notes, bonds
/ bills Of exchange, and other evldenses o
debt owing to any branch, Ot Of deposits L
= It's credit, all assignments of m IIisAges o
b other s ccuIilics on real estate, OF judgement
or decrces in it's favor; all deposits OF mon
cy, bullion or other valuable thing Tot IT
use, or for III. use Of any OF its s,ockholl-r
or creditors n II payments ofnjncy to either
, made after the commission ofsn act oflnsol
v.ncy, OF in contemplation thereof with
! view 10 prevent the application ol It's asset
: IN the nlanncr prescribed by this act, OF vlt
view TO the preference of one creditor L
another, except in payment Of us c,reulalin
| notes, shall be held utterly null and void.
Sac. 81. 1.-THE directors Of any branc
sha Il knowingly violate or hnosinsly pr
, nit any Of the officers agents or servants Il
4 such branch TO violate any Of The provision
f, of th,s act, all the rights, privileges an
4 franchises Of such branch shsll thereby b
/, forfeited; such violation shall, however, b
determined aud sdjulgei bya court Of CON