Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1857-05-26


Ill ~ oonfned in the Penitentiary at
Hard "r labor % n1t less than one nor more than .
t~,, ,,a,G wars sr 1er,iS ~ Tsfie1 i ~ h1a'
%" SIC AZ Stockholders in branches,
shsll eacb be individually and severally IL
able 70 the creditors of the branch of which
thew are stockholders, in d a sum equal in
amount to the stock owned by each, and
should any such branch become insolvent,
and its assets be found insufficient to pay
its debts and liabilities, its stockholders
nav ms hei conipelled to uay such deficiency
| in nronortion to theanornt of stock owned
bv each. and should the whole amount for
which osaoclSbolders are individually re-
snonsible. las rprovided I'M this section, be
1 found &, any case to, be inadequate to the
4 iru1eniof an fliesiosidnss Ifhe debts pf
= ~ BFanclI lafger the application o ilsy ae
4 / NIX d tIIs p6yfiisIiD q such debts tiheiIsl
7 the moneys due from stockholders on ac-
count of their individual liabilitiesas such,
4 shall be- distributed equally among all the
creditors in such, branch, in PROPORTION to
the amount due to, each; the personal la
bilitv in this section provided for, is over
and above the stock owned by stockhold-
4 ers. and any amount unpaid thereon. s
So As The GENERAL assembly may
~. ~. .o,,oal 7tb;s act at Measure. but no
ant o,tor;nI 81, renealino this act, shall inn
{ nose anviniustice or wrong upon the stock
po1J PO1Jt,a y nf snw branch III ; f4i -a'
I ',e,NlI ~ sb al have now
oEc: - 10y Dy."1- t,id ,1no,,e Nv
er 10 MAKE al = hfSCee9a hlf9Ie IL apftTPl of lie
laws i. lor 'iio Iia 1al y ia roo,,late the rate
business anu W - on. oot;,,s e,,b;act
OF Gnarges ivi i,iaA ',i.; - ", tLo' Rank Of
10 De cohIroiimeo' leu 'heioin l en-" y ~ II : n
e ohio' ,gt,gop ah.1, ;ss,e anv
:. oEcc: oEc: 40 10 O l:n.iiat;n,, &c ,,,oonev
nSo1,t noSo tLo notes furnished for that purpose
y by the Bank of Ohio, and all such notes
: shall be payable at the branch by whlch
g they are issued, in gold and silver CON-
= the lawful currency of the United States
J or either, at the option OF the prailcn' on
:; demand; they shall be signed py the presi-
't dent or vice president OF the proper Drancn'
/ and countersigned by the cashler the[eol
e made payable to bearer, and shall De neSo,
t. table by delivery; all other evidences o
h debt, issued by any branch, shall be nego
ot table or transferable in the same manner me,
T. as if issued by natural person, ana shai
4 be binding on the branch, whether unde'
\ seal or not, and all such evidences OF dept
other than notes of circulation, shall p'
II payable to the order of some person therein
III named. ,.... .;.rr
SEC 40. The branches shall contlnu
d. to exist as long as necessary for the settle
ment Of their affairs, notwithstanding IN
of repeal of this act; and no law shall eyer
e' passed dlVertlhS OF aPpioPi. i"'oS -. 80
u sets OF any such plaioh oo "ny r. ~ ~,
~ other than TO tne Paymeils -, i's - ~ rasi
or Liabilities, and the distrlpuIloi .. .me o
III due among IT'S stockholueis ,n puJJ- pnpJ w
J to the stock oy them them seVeraiiS "" =" ~
er BANK COMMISSIONERS. Auoa
U.s. src 70 no carry into effect the pro
e. 80 of th;s oct WmIW. Scarborough
or So" ne %;,c;nnat;, Eranllin Il. Backus,
'e, C1o,,,inud Hocl;no H Hunter, of LaI
'oC 49,. oie,o II p Fin, of Columbus, and San
zee u''IO' '1 E,,or of D,vton shall be and the
We uel lonnhu' nu.1Ta onno;nted commissioners, an
no are noa' ,pio,;fv of them. after takin
I'D .n's ss.th d;IligentIy. faithfully and impa
~ "a t;allv 70 nerform the duties assigned the
on Lw his act a certificate of which oa
IN IN oIo,l he fled and carefully preserved in tt
WI offca of the secretary of state, shall co
~ ~ stitute hoard to be designated the boa
~ ~ hanl, commissioners: which board sh,
~ continue until the organization of the Bal
Sc of Ohio. as herein provided for, and ther
'.e, after, the duties which they are requlr
ses ton to nerform by this act, Shall be perform
o' by IU cad hank: and if any of said commi
de7 ;oners shall refuse to serve, shall die
ole res;ggn his place shall be filed by the GO
,,s ernor ,l.t ..... -...f
nm Said commissioners shall meet in
on civ of Columbus, at. such time, witt
ont thirty days after the adoption of this a
1er as shall be appointed by the governor, W
+, shall notify each member of his appoi
nor mept. and of the time and place of me
tas ipo. thew shall. when met, appoint one