The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1857-06-17
BANK COMMISSIONERS

SECTION so. To carry into effect the
provisions of this act, VIM. W. Scarbor-
ougb, of Cincinnati, Franklin T. Backus,
of Cleveland, Hooking II. Hunter, of
Lancaster, j. R. Finn, of Columbus, and
and Samuel Forrcr, of Dayton, shall be
and they are hereby appointed commits
sioners, and they,or a majoritory of them,
after taking an oat, diligently, faithfully
and impartially to perform the duties as
signed them by this act, a certificate Of
which oath shall be filed and carefully
preserved in the Office of tho secretary of
State, shall constitute a board to be des-
ignated the board of bank commissioners +:
which board shall continue until the or
ganization of the Bank of Ohio, as herein
provided for, and thereafter, the duties
which they arc required to perform by
this act, shall be performed by said bank;
and if any of said commissioners shall re-
fuse to serve. shall die OF resign, his
place shall be filled by the Governor.
Said commissioners shall meet in the
city of Columbus, at such time, within
thirty days after the adoption of this act,
as shall be appointed by the governor, who
shall notify eoch member of his appoint
ment, and of the time and place of meet
ing they shall, when met, appoint ono
of their number to be their pr resident, who
shall, under the order of the board, sign
all official documents ; and they shall
cause a fair and true record of all their
official proceedings to be kept in a book to
be provided for that purpose, which shall
be delivered by the president of said
board to the Bank of Ohio, as soon as the
same shall be organized.
Sec. 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 any other special
agent appointed by them for that purpose,
who shall not be a stakeholder in any of
the branches formed under this act, i'm
mediately proceed to examine the condi-
ton of each of the branches which shall
have transmitted to said board the re-
quired certificate ; and it shall be the
special duty of such agent to 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,
directors aud officers are men of response
bility and integrity, and entitled to the
public confidence /; and the amount of
capital stock of which each is the bona
ide owner, whether such branch has COM
piled with all the requirements of this act
necessary to entitle 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 of such branches a statement
of all the material facts necessary to ena-
BILE the board of bank commissioners to
determine whether each branch is lawful
ly entitled to the business of
banking under the provisions of this act,
and such agent shall Immediately report
to the board of bank commissioners such
statement and his proceedings in the
premises.
TEo, so. IF upon a careful examina-
ton of the certificates of association, and
the reports and statementa Of the special