The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-10-01

: neglect or refuse TO comply with any O
!, der of the Bank of Ohio, requiring sur
!, branch to reduce its circulation or 9th
$ liabilities, or to provide larger amou
n of specie or other means, or to pay in i
n stock, or to do, or to cease to do, any otl
e er matter, or thing which said bank ms
deem necessary for the security Of sue
e branch, or any other branch or branche
!. said bank, or any director thereof, actin
for said bank, may apply 20 any judge
the supreme court or court of commo
pleas, or any judge of the superior cour
orto any judge of any court not inferie
to the court of common pleas, by petitio
in which the Bank of Ohio shall be mad
petitioner, and the branch implicated dc
; tendant, setting forth the substance {
such order, or orders and such neglec
or refusal. on the part of the branch, it
officers or agents, to comply Herewith
and If the president, vice president or an
director of the bank, shall make afiida
Wit of the truth of the facts therein state,
1T shall be the duty Of such Judge to al
low an injunction, and to enjoin sucl
branch, It's officers, agents, and all other
In Its employ, or connected herewith
from doing, or suffering, or permitting t,
be done, any business what ever as
bank, and from intermedling with, or il
any manner disposing of, the books, pa
pers, money, chooses in action, assets, Of
property of the branch, until the further
order of the supreme court, or some Judge
thereof. A petition, reciting the procee
dlngs had, shall be filed in the supreme
court of at Columbus, as soon as iniunc
ton is allowed. -
Sec. II. Upon the allowance of such
injunction, the property, credits, securi-
ties, liens, and assets, of every descrip-
ton, of such branch, shall forthwith vest
In the bank uf Ohio, who shall appoint a
receiver, to take possession Of the same,
as provided in the eleventh section of this
act. A certificate Of appointment of such
receiver, by the judge, or court, or clerk
thereof making the same, shall be suffi-
clent authority to him to take possession
OF the books, property, and rights of ev-
cry description, Of such branch, and
shall be full authority to the sheriff of the
County, where the branch is located, to
give such receiver full possession of such
books, property and rights with the aid Of
the county, if required; and said bank
and receiver shall be governed by the pro-
visions of this act. as provided in cases of
suspension; and upon the dissolution of
such injunction, OF discontinuance of
such suit by the bank, all the rights and
property of such branch shall be restored
to and vest in said branch.
Sec l9 The directors of the Bank
of Ohio, whenever they may deem it ex-
pedient, may establish an office in each
or either of the cities of New York, Gin
clnnati and Cleveland, for the receipt OF
deposits, and redemption of the c:rcula-
ting notes Of the branches, upon such
terms as they may, from time to time,
prescribed, and also a clearing house at
Columbus. They may make all rules
and regulations necessary to the good
of such Offices and clearing
house, require the several branches to
contribute to the capital of such Offices.
not exceeding FIVE per cent. of the stock
paid in by each brapch, aud compel the
branches to make their collections and de-
poslts with said Offices and to employ all
such officers and agents as may be neces-
'ary. The net profits of said offices shall
De divided among the branches equita-
ply. The Office in New York, in trans
lcting business at that place, may take, |
eserve and receive such rate of interest
Is is or may be lawful by the laws of the
State of New York, and no more.
Sec. 10. The Bank of Ohio, after es-
ablishing its agency in New York, shall,
when required by the proper officers of
he State of Ohio, discharge the duties of
ransfer agent of the State, and receive
nd disburse for the State all moneys ne
essary to be received and disbursed in
hat city, In the payment of the public
Iebt and interest thereon, without com
sensation or charge for such service, and
ntil such moneys shall be actually paid
ut for such purpose or purposes; and
aid commissioners shall, if they deem
ecessary, take such good and sufficient
ecurity as they may deem proper. to Sc
vi GIC ~ pa AiCHt VI Sttlu moneys,
yhich shall be taken in the name of the
tate of Ohio, and deposited in the office
{ the Auditor of State.
Branch Bank.
Sec. 90. Natural persons, not less in
umber than five, may associate and form
branches Of the Bank of Ohio, for the
urpose Of carrying on the business of
anking, each at,such place in this State
S shall be designated in the certificate
ereinafter required to be made, subject
the contingencies, restrictions, condi- s
ons and liabilities prescribed in this act
SEC. 81. Persons associating to form |
branch, shall, under their hands and
7als make certificate, which shall spec
y.
First-the name assumed by such
ranch, and by which it shall be known
! its dealings, in which name shall be in
uded the name of the city, village or {
'wn in which its banking operations ;
lall be carried on;
Second-The amount of the capital
ock Of such branch and the number of
1ares into which the same is divided; t
Third--The name and place of resi- S
ence and the number of shares held by |
lch member of the company: 5
Fourth-The time when such compa /
Y shall have been formed; I
Which certificate shall be aclnowledo- I
k,To 6 4l- 80 = l.