The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-10-01
LAWS OF OHIO.
PUBLISHED BY AUTHORITY.


mo. l32. a AN ACT. a ai ea
TO incorporate. the Bank of Ohio AM
Branches.
SECTION I. Be i enacted By the Gener
al assembly of the Stote OF Ohio, Tha
the Bank of Ohio be and and the same i
hereby incorporated with all the power
hereinafter granted. and by that nam,
shall be capable Of contracting, and 0
prosecuting and defending actions as ful
ly as natural persons, and of doing al
other acts necessary to effect the object
contemplated In this act by the creation
OF said corporation. ..- j..
SEC. 9. That as soon as five or more
branches of the Bank of Ohio shall BE-
organized, as in this act is authorized the
directors of the Bank of Ohio, appointed
by such branches, shall meet in the city
OF Columbus at such time as shall be
designated by the board of Bank Com
missioners, who shall give ten days previ
GUS notice to each branch of the time of
such meeting, and provided two thirds OF
the whole number of such directors shall
be convened, they shall organize by tax
ing an oath, diigentv. faithfully and i'm
partially TO perform tie duties imposed
upon lhem- By this at, certificate Of
which oath. signed.by each director, shall
be filed and preserved IN the office OF the
Secretary Of State, and by cleciiny some
suitable person as president, who shall
preside at The meetings of the board and
sign its official documents; and thereafter
tfe directory OF the Bank Of Ohio shall
be composed Of one director appointed by
each branch Of said B nis tw6-,i,irIs' OF
whom shall be "a quorum.
SEC 3. The directors shaii when they
deem IL n cessarv, elect vice prc-iJeu.,
whose dutics shall be pre>crb,.I t,v the
by-laVs: iiIey shall appninl n SECRETARY
who shall keep .:aIr and true rec1rd.oI
the Proceedings OF the bank TheY
shall keep an Office in the city Of CoIum
bus, which, together with tlI, ir b, ohs, pa.
pers, records, and accounts OF every des-
cripticn. shall at all times be open to the
inspection OF any committee of the Cen
eral Assembly, or either branch thereof,
and OF any commissioner or commissioners
specially appointed for that purpose by
the General Assembly, or either branch
thereof. They shall procure and furnish
each board with notes for circulation. and
decide on the amount to be furnished from
time to time to each, within the limits and
agrecably to the rules and restrictions
prescribed by this act. They may pre-
scribe rules for the settlement of baIan.
ces between the branches, revise their bv
laws and regulations concerning charges
Tor making collections. and cause both to
be made uniform, or as nearly SO as NAV
De expedient. They shall have power,
oy themselves or by a committee of one
or more members of their own body. or
by special agent appointed by them for
that purpose, whenever, and SO often as
they shall thick proper, to visit any
branch, inspect its books, records and ac.
counts, and all the evidences of debt due
TO the securities held by such branch; ;ex.
anime aud ascertain the amount of mon
eey and other property held by such
oranct; examine on oath the president.
vice president, directors, cashier, and ali
other 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 sucb
limits as they shall, after full INQUIRY into
its condition. deem necessary 20 sccure
from loss either the dealers with srcb
branch, or the other branches Of the
Bank Of Ohio. They shall, as soon af,er
the irst Monday of every month as nrac.
ticable. publish in some newspaper pr;nt.
ed at Columbus, consolidated abrtroc,
OF the monthly reports of all the bran.
ches. showing their assets, liabilities and
condition, which statement shall be rccor.
ded In book or book 10 be kent for
that purpose. Tey may appoint an ex.
ecu'ive committee Of DO, less than tbreo
OF whom the presid eht or vice nresiden,
snatLoe one, to Aact t. behalf Of the bapl,
IN all such cases, as Shall be prescribed
oy the oy laws Of said bank, not incon.
sistent with this act.
sEc. The president, vice nrcs;d.n.
secretary, and all other officers or agent,
OF the bank shall each receive srcb con,
pensation for their services as said bank
shall allow, which Shall be assessed unon
the several Branches Of The bank Of Ohio /
in the ratio Of their capital sock. The
Bank may also allow the executive com
mittee such compensation as It's hail deem
Just and reasonable, TO be paid bv the
several branches in the same manncr.and