The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-10-01

Of branches, transmitted TO them as required by
thiSact, and shall by one of their own members
or other special agent tsppoirted by them for that
purpose, who shall not be a stakeholder in any
OF the branches formed un,ler this act, immedi-
ately proceed to examine the condition Of each
OF the branches which shall have transmitted to
said board the required certificate; and il sha
be the special duty Of such agent TO carefully
count or otherwise ascertain the amount ofmon-
ey paid in on account Of It's capital stock, to as
certain the name and place Of residence Of each
oithe directors OF snch branch, and whether
their stockholders, directors and officers are
men ol responsibility and integrity and entitled
to public confidence; and the amount Of capital
stock of which IS the bona file owner, whether
Sleh branch has complied with all the require
mentS OF this act necessary to entjlle the branch
To engage in the business Of banking, and shall
cause to be made and attested by the oath Of a
majority Of the directors, and BY the cashier oi
such branch,a statement orall the material facts
necessary 30 enable the board OF bank commis
sionerS to determine whether such branch is
lawfully entitled to commence the business OF
banking under the provisions Of this act, and
such agent shall Immediately report to the bank
COMMISSIONERS such statement and his proceed
ingS in the premises
the certificates oraSsocation, and tine reports
and statements OF the agents appointed to ascer-
tam whether the branches so organized have
complied with the provisions Of this act, it shall
appear that five or more such branches have
! been formed, and that their stockholders direc-
I tors and officers, are men of responsibility and
/ integrity, and entitled to public confidence and
that such branches are lawfully entitled to com
Cfl lap
ers shall certify the same to the governor, and
shall Immediately notify each of said branche,
thereof; and within ten days after receiving sucl
/ notice, each branch shall appoint in such man.
ncr as the directors thereof shall prescribe, on,
person to bea directoa of the baik ofOhio. Blu
no person who is not citizen of the United
States, and a resident of this State, and who ha
: not resided within this State at least one yea
next previous to his appointment, shall be sucl
F director.
I SEC. SO. The governor, if he is satisfied tha
the law has in all respects been complied with
shall issue his proclamation, setting forth tha
such branches are authorized to commence an,
carry on banking, at the places Sevcrally desig
mated in their certificates Of associations; whic
proclamation shall be recorded in the office G
| the governor and copy Of said record certifie,
under the great seal al the State of Ohio shall b
| prima tacle evidence of the organization of sal
! branch.
f Sec. 54 The bank commissioners and al
| agents appointed by them, shall each be en-
titled to receive for their services under this ac
, five dollars per day for every necessarily EN-
pIoyedin the discharge Of their duties, and thei
duties, and their reasonable expenses to be pa
by the bank of Ohio
; SEC. 80. This act Shall take effect and b
in force from and after the the second Tuesla
| ofOctobcr next, if the same shall be approved
by majority of the electors voting on that da
and not otherwise.
\. H. VAN WORRIES,
Speaker of the House of Representatives
THOMAS II. FORD,
F prng1nDt or tlo C,,,4.