The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-06-04
NUMBER 81.

Ilation;
Second On account Of moneys depos-
tied with or collected by such branch:
Third-On account of bills of EXCHANGE
or drafts drawn against money actually
on deposit to the credit of or due to such
branch;
Fourth-Liabilities to its stockholders
on account of money paid in, on capital
stock, dividends thereon, and undivided
profits.
Nor shall any branch, either directly
or indirectly, pledge, hypothecate or ex-
change any of its notes of circulation for
the purpose ofprocuring money, to be.paid
in on its capital stock, nor pledge or hy-
pothecate directly or indirectly any of
such notes to belsed in its ordinary bank-
ling operations.
SEQ. 81. No branch shall. during the
time it shall continue its operations as q
branch, withdraw or permit to be with
drawn, either in form of dividends, loans
to stockholders, for longer period of
time than four months, or in any other
manner, any portion of its capital stock;
and if losses shall at any time have been
Sustained by any branch, equal to or ex-
ceeding itsundivided profits then on hand,
no dividends shall be made, and no diyi-
dend shall ever be made by any branch,
while it shall continue its banking opera
tions, to an amount greater than its net
profits then on hand. deducting therefrom
| its losses and bad and suspected debts;
and all debts due to branch, on which
interest Is past due and unpaid for peri
cd of six months, unless the same shall
be wellsecured, and shall be in the process
of collection, shall be considered bad or
suspended debts, within the meaning of
this section.
SEC. SO. The directors of each branch
shall, semi annually on the first Monday
| in May and November, declare divi-
dend of SO much of the net profits of the
branch as they shall Judge expedient ;
and, on each dividend day, the cashier
shall make full, clear and acurate state
ment of the condition of the branch as it
shall be on that day, after declaring the
DIVIDEND which shall be verified by the
oath ofsthe cashier, president, and two
of the directors; and similar statements
shall also be made on the first Monday in
each month in each year, which state
ments shall contain,
First-The amount of the capital stock
Iactually paid in, and then remaining as
t the capital stock of the branch;
!, Second-The amount of the bills or
Inotes Of the branch then in circulation,
i specifying the amount ofeach denomina-
ton;
Third The greatest amount in circula<
] t;rs,, Of t;r,a cipoo tho lyipcr of tho
last previous statement, as shall have
been exhibited by the weekly statements
of the cashier, specifying the time when
the same occurred;
Fourth-The amount of balances and
debts of every kind due to the branches
of the Bank of Ohio, the amount due to
other banks of the State, and the amount
due to banks not of this State;
i Fifth-The amount due to depositors
l. Sixth-The total amount of debts and
liabilities of every description. and the
greatest amount since the making of the
Hast previous statement, specifying the
4 time when the same occurred, as exhibit
ed by the weekly statement of the branch;
i Seventh The total amount of diyi-
dends declared on the day of making the
statement;
i Eighth-The amount of gold and silver
! coin and bullion belonging to such branch,
and in possession at the time of making
the statement, designating the amount Of
eaehs
i Ninth--The amount subject to be
drawn at sight, in gold and silver. then re-
naming on deposit with solvent specie
paying banks in the cities of New York,
Philadelphia, Boston, and Baltimore;
Tenth-The amount then on hand, of
: bills or notes, issued by branches of the
: Bank of Ohio, the amount issued by
other banks of this State, and the amount
) issued by banks not of this State;
Eleventh-The amount of balances
due from branches of Bank of Ohio, the
: amount due from other banks of this State,
and the amount due from banks not of
e this State, excluding, in the latter case,
f deposfes in the cities of New York, Phil
t adelphia, Boston, and Baltimore. subject
f to sight drafts, payable in specie
! Twelfth-The amount of bills, bonds,
; notes and other evidences of debts, dis
= counted or purchased by the branch,
K specifying particularly the amount of sus-
pended debt, the amount considered bad.
| the amount considered doubtful, and the
r amount in suit or judgment
it .Thirteenth-The value Of the real and
n personal property, held for the conven-
st fence ofthe branch, specifying the amount
t. of each
l. Fourteenth-The amount of real estate
$ taken in payment of debts due the branch
e Fifteenth-The amount of undivided
IS profits of the branch
r Sixteenth-The total amount of the liza
b bilities to the branch by the directors
g thereof, collectively specifying the gros
N amount of such liabilities as principe
K debtors, aud the gross amount as endors
~ ers or sureties;
I'd Seyenteenth-The total amount of liza
es bilities to the branch Of the stockholder
n. thereof collectively. specifying the gros
e amount of such liabilities as princip;
mt debtors, and the gross amount as indors
of ers or sureties; which statement shall b
al forthwith transmitted to the Bank Of Obi
at and auditor of State.
in, An abstract of every such statemen
nd showing the condition of the branch. sha
ed be Immediately published by the branc
Al