The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-10-02
TIFFIN, OHIO, FRIDAY, OCTOBER ?, 1857.

dissolved, eScept lni the purpose ofcourci
sssers and the dnnl sett, mont OF W. sdans
manner provided iu its rhatpri prnvvtr.
ha, nothing in this section contained shall be .u
runHrued aa to require the Bank uf Ohio TO ad.
nit anv such indcpt tndtnt or tree bank TO heroine
braueh ofthe Bank Of Ohio unless iro directors
Of the B-nt OF Ohio shull be- satisfied that the sd
mission Of such hranrh wiil rot iconarf'ist the
Interests ot the public, or the hHnk OF Ohio.
Sec Is. The capital stock Of oRrh branch shall
be divided into shares Of one hundred dollar
each, and shall be- assiguahls nn the hooks oi the
brench in such manner a. its by laws .h~li pre-
scribe, but no shareholder shall have power 4,
sell or transfer any shares held in his oon ripht
~ long ~ he shall be liable, either as principet
dsbjcr surty, or otherwise tn the branch, Tor an,
'eht, without the convent Of majority " th, di
rectur' Nor shall such shareholder. v hen lia
BILE 20 the hrsnch Tor any debt that ia over du..
he entitled 10 receive any dividend, intersu o.
prOh, on such s'ares, 20 long a. such liabilities
thHll continue, but al such 90, iends tnisrrsts or
proh,a thrll be- retained hS the branch aud an
lied ,n the dischargr OF such lahilhe.
Sec ~ No hranch shall tako, ~ security Nv
any loan or diseDunt,a lien on any part II iis
capital stock, huttht same security both in kind
and am unt, shalt he ~ Quired share hnl iers aa
Of per ons not sharehol iursg and no hranrh sh,ll
he the hnld"t or purrhaser vt any pprtion o. IT,
capital stock, or Of the capital tick III any OF er
incorporated compeny unless such purchase shall
be neceasal Co prev, NJ loss u.on u lrht prr
viousl, contracted IN good faith ,n stcuri, vhirh
~ the time wRt dtsmud altqu Re to insur The
pay ment ni such d,hi, indepen lent NJ anl lieu
upon snrh N'ck, or in rase Of iurl'uurss ot ~ "a
Tor the non pay ment OF insiglln. ~. due thereon
~ provided IN thv twruN thir, :, ct,nn and stork
20 purchased shalt iu no caG b. held b, the
branch 20 purchasing tor = longer period oi tin,
than siH months. the same eau be solj Tor what
The stock cost, or II par.
Sec 2a IN all election Of directors. aud In de.
Gliding al questions vt mut tinps OF tie ,to, kho.t.
ers, each share shall entlte the owner ther Of Ia
one vote, stockholders may vote by proxies dul,
tuthnrited In wrtng, but M othrpr. tlrrk. t.li,r
or book ketWr OF the branch shall set No proxy
and no stnckh0ldtr whnsr lahiluN tu the branch
Il pact due aud unpaid shall no allowed TO vot.
sec 70 The affairs NJ even branch shall b,
managRi by not les than Eve ~ m nr. than min
hreriors. fvr3 dir'ctor shall, do ins his whul
tFrm ut service he n citizen of the upitsd st.t,.
y usid' nj o. this Ntutr. Atlu-l three iourths ui
the directors shalt have r. idrd in this .t,tr AN,
year neHt previous 90 their Ulprtoo a. dtr,rt If.
each ditecIo shall own In his own nam, uu
right at least one per cent vt the canttp s,ork oi
the or'nrh up TO tWp hundred thousan dollH,s.
And the u OF one prr mt on il rnpital .t,rL
over two hundred thlusand dollar IN. dire.
tors OF tach bwLch; coll, rt, el, ahslI ov,p ,t
least one tent uiits rBpittl stnrk Each dirsct
,h'll take an oeth that he WILL 20 FAR - the ,iuu
devolv,s on him, dilll .eutly aud honesty admin
'.trr the affairs OF the branch, and moi 4 g,,,in,T
violate or willingly permit 10 he violated any ~
the provisions ~ this act; that h l. no In 6e a.,
~, In his own right oi tho stock stan ling IN nj.
nam' n the books Of the branch. aud the snm
not nlpo'nrcateo, or IN any way pledged as
"curitl tor any loan ohtnined or 'debt Svin
hirh oath suhictihed by htn,elf and c.ri6.d
| b, the othctr before whom u is tai n al N b.
d ed aud carefully preserve la the hic. oi th
'" ir'ier ~ the c"unii la witch the branch /. In
! M'u' ou, no person sh"ll be pr, Aidunt at niur
tian one brsnrh atthe sant tme
SEC, 80 .. sto. kholters coli. etiv,1, or.,,
! ranrh' shallat no u,ge be liable l., such hrancb
| 'thtr NJ pnncipW debtor or sureti,, mr. h,,h A..
80 am mt ex eeding one third part OF tho can't "A
| "ck Oi surh hran' b. actpslb pam in anl +,
| ",tning A. cap'ui stork. nur shall IN. director
oNertvslS be 80 ltabl, ~ an amn.,t ,r,ssd,,
re.third pt n Oi th' STOCK actun 4, maid h, ,.nJ
ing IN their names, and of which tbev ar. c,i
'cuVely thr bpn' hdO own. r. a. m, IL avn RI n,
| 81 IN" dlrertnrs spiauv branrh 6r.t lecte
,h"ll hold their places until III, f,u Monda, Il
January next thereafter aud until their .nrr, -
are elected az .qualid d all suhs,q qu,h .I.,,io
snail he h W annually on ths 6rst honda, "a
'nuhry' and ID drtc,or-.s 10 slerto shall hot
'h'lr P'"ces Tor one Jtar. and until their success
surr are electod nd qu lfrd; bntauy dirsrtor -
moving from the Stslv, or crasing to be IN. own
"r oi the requisite am vat " .iork; sh.u h.rrb,
INhcat- M place. Any vacancy Ia the bnard aha
Ne hlled by appoint uont by the remaining ilrsr.
'1rHi lhe glrrct'r 20 apl oint0d, shall hold hi.
pIHct uhul q next annual lection. aud IN, (rom
'hhy cause, an election ni directors shall moi u.
d'ade a. the time appointed the branch shAlt n a,
TOR thni cause be dissolyou bu an electioo. ma "A
or nr'u on sty subsequent LAY, thirty dats no
~ w. u".lns oe'n gwen 10 n .nrWspaper inted la
tue county where the hranrh il lnca,ed
! ser 81 Every branch authorized IN carry IA,
me nu'ihtss OF banking unuer this act shall ,e
hrd aud s'iu ged to he Lody enrnor ,te. vim
succession Tor the teru VI tw-nt, YEAR. iro,r IN,
w" "l W." ctrtihcate Of nSsociali1n. and there
ter until iIs nfair. snail be cl1seIi aud b, q.
corporate ntnu shall bo competsnt 10 rontrart.
prosecute ARd defend actions o. ever, desert itiin
" 'ully AS natural porluna, an prarea, auunsi
'uch braich may b., served uponit. preyllent ,r
'a'hler' or b. leaving cop, thereof It's usual
| business place. curing the u.ual bnsin+,, hour.
Each vi said hranch.s snail. du,iny th, term ,
'"rn'i year. irom the date Atmesaid. II 20 long
u Shall comply with the provisions Of thl. sct
| 'W' power To lotn money huy, =, II and di-coun,
'us "' 'AelHnse. "ot's,An all other written
| ,u' - OF utbI except such ~ L shall b pro
holled ~ this act rum bu, ing ning ,r dis
counting rer,ive dep ,.ts buv and sell gold IN
| sher coin and baliioni cplisrt and pay over
money aud ran act all other bu iness pT,p.rl,
pprfthinih tn banking, subject, however to ,hr
provisions and restrcu M rOntaiusu IN thia aci
may require, ho'd an convey such real estate a.
mAt 1e necessary tOthe cow nient trah.sriion !,
~ husntss, aud NO "a ,rei bat may, how, ,ver, AZ
qure title 10 any real state pledge TO secure an,
"rb'' pr' Fl"usly contracted or burchttsd an an
rAcru'lon or oder of sale. "a sst,b any ia gneni
or dtC"ue To- IT, tnV ". or whrh shall nave heen
lronyeyed t1il in uent 0f any prrviou. debit
Dnt 'all not hold ny real estate 30 acquired lon
ger ihah 70 n'erssar, a. avoid q loss cf any Dar
Vt debt Interests aud cost fOr tho c,li.rtion ,l
.'chti' 0i "hlen Il was arqlirsd. bat II sn,
uHr haiorH selling the sans M u being trnierrt
%, the last prucT,iiag owntr or hls le al rsprc
SrnlhtlFuss -ueh sum aa IN ill he n6rrssarF 20 g
.uoh branrh ;rom loss ~ any part OF tho debt. la
t"r'si, taHts. coats, aud 0inrr nerssssrt hnrgr
for tbs roliscti "a II security o which such ~,
estate was quirrd. such branrh "a N rel a.
such owner, his legal repr-sentutl,e or as.tyn.
Sll it' right tite an interest thnrain
sre' 50 NO branch shall. at any time issue %
nave ~ ciHalttion any note. drat. bill oi 81
ehsngr' aecemHnrr csrtihcale Of deposit or pthr
evidence Ot deb, which, FROM lie chat artsr or ap
pearunce snail be calculated or las, ndsd 90 cir
rulsied a. MONEY. oihsr than such notes of rlrcu
lauon o. ar BY ihi- ACT described sal Whirh .nrl
branch is b' this ~ct tu,hor ned tl i,sus TOR tl
purpose Of boing eirultted ~ uunry
Sec ~. Each branch shall receive a. par a
the othc' or banking house of 50 eh branch 10 pa,
ment ot debis due Al such branthes Tor notes q
hand, bills OF Exchange. or other evidences u
dent DISC ounied or pur haaei by ,Or bel ,nRing 81
such branch. the notes Of clrculati IN issued b
any other bnnch of the Bank OF OHIO
Sec 35, Each b-anch shall. al All ,i,nss. h.v
on h'nd. 10 goid aud silver coin. their eoaiv,
lens. one halfnf Whi,h shall b. 10 g5id an "a, 1,
cihn ~ - vault an amount equtl 10 nj lras
'hifty per cent Of the amount of its Outst ~,
4 cFculauoni NJ whenever the am unt of lts nut
s1an lng notes OF circnlauln shalt exceed thl
aooYe nHnird prlpor ipn, np mere of'hs not.i
shall D. paid out, nr LtherWise BE- put in cirruia
unus bA aurh branch. nor shati such branch tn