The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1857-10-02
LAY, O., FRIDAY, OCTOBER ?. 1857

sections Of this act, TO provide for the pay
ment of the outstanding notes OF said branch,
close up its alIaiIs, and make application of
| its assets.
Sec. 10. That if any branch shall refuse
| or neglect to comply with any order Of the
Bank Of Of Ohio, requiricg such brnnch to
| reduce its circulation or other liabilities, or
to provide larger amount Of specie or 9th
| or means, or TO pay in its stock or to do, or
| cease to do, any other matter, or thing winch
said bank may deem necessary for the secu.
| tity OF such btonch, or any other branch or
branches, said bank. or any director hereof,
acting Ter said bank, mayapply to any judge
| OF the surpeme court, or curt OF common
| pleas, or any judge OF n superior court, or
TO any judge any other court not inferior
to the court olcommon pleas, by petition, in
| which the bank Of Ohio shall be made peti-
s'aner. pnd the branch implicated defendant,
Set'ue 'o'.n Ne 80 hstance OF such order, or
branch, its officers or ageuts to comply tn,..-
with; and if the president, vice president,
or any rector OF the bank, shall make al.
tdayit Of the truth Of the facts therein stat
| ed, II shsi be the duty OF such Judge to al
low an injunction, and TO enjo;n such
branch, It's officers agents, and all Others in
its employ, or connected herewith, from
doing, or suffering, or permitting to he done,
any business whatver as bank aud form in-
ing OF, the books, papers, money, Uhosese in
action, assets, or property of the branch,
until the further order Of the supreme court,
or some Judge thereof A petition, Ieci.ihg
| the proceedings had, shall be filed in the
supreme court al Columbus, as SOON as in
junction is allowed.
SEC. II. Upon the allowance of such
injunction, the property, credits, securi
lies, liens, and assets, ol every descrip
ton, Of such branch, shall forthwith vest
10 the Bank Of Ohio, who shall appoint q
receiver, TO take possession Of the same,
Us provided in the eleventh section of lhi,
act. A certificate Of appointment Of such
receiver, by !he judge, or court. or clerk
thereof, making the same, shall be sulli
cient authority TO him to take Possession
of the books, property, and rights Of every
description, Of such branch, and shall b,
full authority 10 ,he sheriff Of the county
where the branch is located, to give such
receiver full possession OF such books
property and rights, with the aid of the
county, if rcquired and said bank and re-
ceiver shall be governed by the provis
IONS Of this act, AS provided in cases o.
suspension; and upon the dissolution o
such injunction, or a discontinuance o
such suit by the bank, all the tights and
property Of such branch shall bu restored
to, aud vest in said branch.
SEC. g. The Directors of the Bank o.
Ohio whenever they may deem il erpedi.
ent, may establish an office in each OF
either Of the cities Of New York, Cincin
natl or Cleveland, for the receipt of de
posits and redemption Of the circulating
notes of the branches, upon such terms a,
they may, from time to tins, prescribe
{ and aso clearing house at Colum
, bus. They may make all rules anC
regulations necessary 10 the .good man 4, !,
house, require the several branches IL
contribute 10 the capital Of such offices.
not exceeding Eve per cent. Of the stock
paid IN by each branch, and compel the
branches 10 make their collections and
deposits with said offices, aud TO employ
ali such officers and agents as may be
necessary. The net profIs Of said Offices
shall be divided among the branches
equitabIy. The office in New York, in
transacting business at that place, may
take. reserve and receive such rate Of in.
terest as is or may be lawful by the
laws Of The Stale Of New York and nc
more.
SEC. 10, The Bank Of Ohio. after es
tablishng it's agency in New York, sha
when required by the proper officers o
the State Of 0hio, discharge the duties o.
transfer agent Of the State, and receive
and dsburse for the State all moneys
necessary 10 be received and disbursed
in that city. in the payment OF the public
debt and interest thereon, without com
pensation or charge for such service,
and until such moneys shall be act.
ually paid out for such purpose or pur.
poses: and said commissioners shall,
if they deem necessary, take such good
and sufficient security as they may deem
proper. to secure the repaymen. Of said
moneys, which shall be taken in the name
of the State OF Ohio, and deposited in the
Office Of the Auditor of State.
BRANCH BANK.
SEC. 20. Natural persons, not less in
number than five, may associate and form
Branches of the Bank Of Ohio. for the
purpose OF carrying on tho business oI
banking, each at such place in this State
as shall be designated in the certificate
hereinafter required 10 be made, subjec,
10 the contingencies, restrictions. condi.
tions and liabilities prescribed in this act
SEC. 2l. Persons associating to form n
branch shall, under their hands and seals
make n certificate, which shall specify,
First-The name assumed by such
branch. and by which it shall be known
10 its dealings, in which name shall be in
cluded the name Of the city. village OF
town in which lis banking operations shall
be carried on;
Second The amount Of the capita
stock Of such branch and the number o
shares into which the same is divided,
Third--The name and place of resi-
dence and the number of shares held By
each member of the company:
Fourth--rhe time when such company
shall have been formed;
Which certificate shall be Acknowledged
before a justice Of the peace or notary
public, and shall be recorded by the re
corder Of the county where such branch i,
to be established, in book to be kept by
him for that purpose, which shall at al
times during Office hours be KEEP, open fol
the inspection Of any person wishing te
examine the same; one copy Of whcl
certificate, duly certified, shall b, trans
mit!ed to the Secretary Of State, who shal
record and carefully preserve the same il
his office, and another to the bank com
missioner in this &C. named, until the or
sanization Of the Bank Of Ohio, and there
afIer to said bank.