The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-05-14

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ciiy Of Columbus. at such iitas. allkih
thirty days ailer The adoption Of ibis act
as shall be appointed By the governor.
who shall notify each member ofbis sp-
pointment, and Of the time and place Of
meeting; they shall, when met. appoint
one of their number 10 be- their prssident
who shall under the order Of the board.
sign ell official documents; and they shall
cause a fair and true record Of ell their of
6cial proceedings to be kept in book %
be provided for that purpose. which shall
be delivered BY the president Of said
board TO the Bank Of Ohio, as soon % the
same shall be organized. Pc e4
SIC. 81. The board Of bank commits.
sioners shall examine The certificates Of
the formation Of branches, transmitted To-
them as required by this act. and shall;
By one of their own members or other spe.
cial agent appointed by them for that pur-,
pose, who shall not be q stocbholder in !,
any of the branches formed under this
act, Immediately proceed to examine the
condition of each of the branches which
shall have transmitted to said board the
required certificate; and il shall be the
special duty of such agent 10 carefully
count or otherwise ascertain the amount
OF money paid in on account of its capital,
stock. to ascertain the name and place OF
residence of each of the directors Of such
branch. and whether their stockholders. 5
directors and officers are men OF response.
blty and Integrity. and entitled 10 the
public confidence; and the amount of ca.
pitsl stock of which each is the bona 6de, I,
owner. whe such branch has complied
with all the requirements Of this act ne.
cessary to entitIe the branch to engage IN
the business of banking. and shall cause
to be made and attesied by the oath Of 81
majority of the directors, and By the cash
ier of such branch. a statement of all the
material facts necessary to enable the
board of bank commissioners TO determines
whether such branch is lawfully entitled
10 commence the business Of banking un-
der the provisions of this act. and such
agent shall Immediately report to the
board Of bank commissioners such state!
ment and his proceedings in the premises.
SEC. so. II, upon careful exsmiua-
the reports and statements OF the special
agents appointed to ascertain whether the
branches 60 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, di-
rectors and officers, are men of rsspon : !.
sibIity and integrity, and entitled TO pub
lie confidence, and that such branches are
lawfully entitled to commence the bupi-
ness OF banking, the commissioners shs
certify tie same to the governor, and shall
Immediately notify each Of said branches
thereof; and within ten days after receiv-r
ing such notice, each branch shall appoint
in such manner as the directors there,
shall prescribe, one person 10 be dirtc or
OF the Bank OF Ohio. But no person who il
not citizen Of the United States. aud u
resident OF this State. and who has not re-
sided within this State at least ore year
next previous to his appointment shall
be euch director.
SEC. So. The governor, if he be satis- ss
| fed III at the law has in all respects been
complied with, shall issue his procams-
ton, setting forth that such branches are
authorized to commence and carry on
banking, at the places severally designate
in their certificates of associations; which
proclamation sball be recorded in the OF.
flee of the Governor, and n copy of said
record certified under the great seal OF the
State Of Ohio shall be prima facia evil
dence Of the organization Of said branch
SEC 81. The bank commissioners and
AL agents appointed by them. shall each
be entitled to receive ,0r their services
under this act. five dollars per day for
every day necessarily employed in the
discharge Of theirduies, and lheir reason
able expenses, to be paid by the Bank of
Ohio
SEC 55 This act shall take effect and
be 10 force from and after The s. cond
Tuesday of October next. it the same
shall be approved by majority of the
electors voting on that day. and not olher-
wise.
N. II. VAN WORRIES.
Speaker OF the House Of Representatives
THOMAS H. FORD
President of the Senate.
April IA, 1857.
7 herehv cort;fv fhat bova cononorod