Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1857-05-28
LA W S OF OHIO.
PUBLISHED BY AUTHORITY.
mo. 1921 AN ACT
To incorporate the Bank of Ohio and
branches

mo. 1921 AN ACT
To incorporate the Bank of Ohio an,
Branches.
Sec.I Be It enacted Jythe General Assembly ofth
State of Ohio, That the Bank of Ohio be and tn
J same is hereby incorporated with all the power
hereinafter granted, and by that name shall be ca
pabie of contracting, and of prosecuting and de
Tending actions as fully as natural persons, and o
doing all other acts necessary to effect the object
contemplated in this act by the said corporation.
Sec. 2. That as soon as five or more branche
of the Bank of Ohio shall be organized, as in thi
act is authorized, the Directors of the Bank o
Ohio, appointed by such branches, shall meet il
the city of Columbus at such time as shall be des
ignated by the board of bank commissioners, VIII,
shall give ten days previous notice to each brancl
of the time of such meeting, and provided two
thirds of the whole number of such directors shall
be convened, they shall organize by taking an oatf
diligently, faithfully and impartialy operform the
duties imposed upon them by this act, certificate
of which oath, signed by each director, shall bt
filed and preserved in the office of the secretary
State, and by electing some suitable person a:
president, who shall preside at the meetings of the
board, and sign its official documents; and there
after the directory of the Bank of Ohio shall be
composed of one director appointed by each branch
| of said bank, two-thirds of whom shall be quo
| rum.
| Sec. g. The directors shall, when they deem ii
necessary, elect a vice president, whose duties
shall be prescribed by the bylaws. They shall
appoint a secretary who shall keep fair and true
record of the proceedings of the bank They shall
keen an Office in the city of Columbus, which, to-
gether with their books, papers, records, and ac-
counts of every description, shall at all times be
open to the inspection of any committee of the
General Assembly, Or either branch thereof, and
of any commissioner or commissioners specially
appointed for that purpose by the General Assem-
blv, or either branch thereof. They shall procure
and furnish each branch with notes for circulation,
and decide on the amount to be furnished from
time to time to EACH within the limits and aoreea
bly to the rules and restrictions prescribed by this
act. They NAV prescribe rules for the settlement
of balances between the branches. revise their by
laws and regulations concerning charges for ma
kino collections. and cause both to be made mi
form. or as nearly 80 as NAV be expedient. They
shall have mower by themselves. or by committee
of one or more members of their own body, or by
special agent appointedby them for that nurpose
whenever and as often as they shall think proper
to visit any branch inspect its books records and
accounts, and all the evidences of debt due to and
securities held by such branch; examine and as
certain the amount of money and other property
held by such branch; examine on oath, the presi-
dent, vice president directors, cashier, and ali 9TH
er officers agents clerks or servants of the branch,
touching its condition, means and liabilities They
shall have power to require any branch to reduce
its circulation or other liabilities, within such lin
its as they SHALL after full inquiry into its cand
ton, deem necessary to secure from loss either of
the dealers with such branch or the other branches
of the Bank of Ohio. They shall, as soon after
the first Monday of every month as practicable,
publish in some newspaper printed at Columbus, a
consolidated abstract of the monthly reports of all
the branches showing their assets, liabilities and
condition, which statements shall be recorded in
book or books to be kept for that purpose. They
may appoint an executive committee of not less
than three, of whom the president or vice presi
dent shall be one, to act in behalf of the bank in
all such cases, as shall be prescribed by the by
laws of said bank, not inconsistent with this act
Sec. A. The president, vice president, secretary
and other officers, or agents of the bank shall each
receive such compensation for thelr services as
SAID bank shall allow, wmch snail De assessed upon
the several branches OF the bank OF ONO, In the
ratio OF their capital Stock Inc Dank may also
allow the executive committee such compensation
as it shall deem just and reasonable, to be paid by
the several branches IN the same manner; and
the expenses OF procuring plates and printing notes
of circulation shailb paid by the several branches
in the ratio of the notes of circulation, received by
each.
Sec. S. Each director of the bank, shall con-
tinue in office until the first Monday OF February,
next after his appointment and until his successor
shall be appointed and qualified, vacancies in the
board shall be filled by the branch by which the
appointment vacated was made. In voting, each
member shall be entitled to two votes, and to one
ADDITIONAL vote for every fifty thousand dollars OF
the amount of capital stock paid into the branch
represented by him over one hundred thousand, at
the time of such voting. The president and vice
president of the bank shall hold their offices for
pointed, but they NAV be removed by a resolution
of the board. They and all other officers and
agents of the bank shall take oath faithfully dill
gently and mpartally, to fulfill the duties of their
appointments and knowingly violate any of the |
provisions of this act. They may be required to |
give bond in such sum, and with such securities as
the bank shall prescribe and all vacancies in |
said appointments shall be filled by the bank.
Sec 6. All notes designed for circulation by
the branches, shall be furnished by the bank of
Ohio, but no such notes shall be delivered to any
branch until they are numbered and countersigned
by some person or persons authorized to counter
sign the same as register and full record of such
numbering and countersigning made in book pro-
vided for such purpose, and all such notes shall
have stamped or printed on their face the words
"Registered by the Bank of Ohio.'' All notes so
worn, defaced or mutilated, as to be unfit for cir
culation, shall be returned by the branch by which
they were issued to the bank and an equal amount
of new notes received therefor; all such notes so
returned bv branch. shall be credited. and all
new ones delivered in their stead shall be charged
N s,cb branch nm the hooks of said bank: and
tbo notes 60 rot,rnod sball bo burned tn ashes in
th rasonco of tbe nrcs;dent or vice rrcsidept and
y, 1aast two of tbc directors of said ban,
Sec. 7. Before the bank shall deliver to anv
branch. notes for circulation, it shall require such
branch to nav over or deposit to the credit of said
bank, as said bank shall order, neither in money