The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1857-06-26

5, SIC. 10. The Bank Of Ohio, nfter estsl
" lishing It's agency in New York, shall wI,e
n required by the proper officers OF the Sts,
:, OF Ohio, discharge the duties Of transit,
~ agent OF the Slate, and receive anG di.
X purse Tor The State, all moneys necessary 10 b
" received aud disbursed in that city, in IN
n payment of the public debt and inierr,
"a thereon, without compensation nr charge fo
- such service, and until such moneys shall b
u actually paid out for such purpose or pur
,r poses; and said commissioners, shall, ifthe
)f ldeem necessary, take such good and sun,
!. cient security as they may deem proper, 1
- secure the repayment Of said moneys, whic
u shall be taken in the name OF the State q
3 Ohlo, aud deposited in the Office of the An
e ditor OF State.
!. BRANCH BANK.
SEC. 20. Natural persons, not less i
n number than eve, may associate and ion
branches OF the Bauk of Ohio, for the pur
u pose oi carrying on the business Of banking
;. each at such place in this State rs shall b.
|. uesignated IN the certificate hereinafter re
CURED to be made, subject to tho contingen
cies, restrictions, conditions and labilitie
Q prescribed in this act.
d SIC. 81. Persons associatine TO form ;
Y branch, shall, under their hands aud senlS
make a certificate. which shall specify,
= Fifst-The name assumed by such braucl
: and by which 1t shall be known in its deal
ings, in which name shall be included IN,
name of the city, village or town iG which
'ts banking operations shall be carried on.
Second--The amount Of capital stock oil
such branch and the number Of sharcs into
+ which the same is divided.
, Third--The name and place of residence
| and the number OF shares held by each mem.
b,r of the company.
fourth-The time when such company
: shall have been formed.
Which certificate shall be acknowledged
beicie justice OF The peace or notary pub.
lic' aud shall be recorded Rtbr by him for
'he fahpBSe, which shall at MI times during
office houIs be kept open for the inspection
OF amy person wishing to examine the same :;
one copy of which certificate, duly certi.
fed, shall be transmitted TO the Secretary of
State, who shall record and carefully pre-.
serve the same in his office, and another TO
the hank commissioner in this act named,
until the organization OF the Bank of Ohio,
and thereafter TO said bank.
SEC. 90. No branch shall be permitted TO
commence or carry on the business Of bank.
ing under this act, unless its capital stock
shall he al least one hundred thousand dol
lars, nor shall the capital stock of any such
branch ever be increased to exceed four hun.
dred thousand dollars. except as specially
provided for ia this act. At least fifty per
cent, OF the capital stock OF ea,h branch
shall be paid in gold and silver coin, or ther
equivalent; one half Of which fifty per cent. |
al least shall be- in gold and silver coin, and
shall be in in the actual possession aud bona
fde the property of the branch at the time U Fl
the commencement Of its banking business,
and at the place des gnated for carrying on
such business, aud the remainder of the cap
ital stock Of such branch shall be paid in,
in installments, each OF at least ten per
cent. on the whole amount Of the capital
subscribed, as frequently as once in every
four successive months, from the time OF
commencing business until the whole am I
OF such capital shall be paid up: Provided,
that the directors of the Bank Of Ohio may
extend . S Si amy Ssyrsn' ps.s Sf Ssa FSea 10
n,.ras, ne uas"G, when satisfied tha, ine M pupil
frequently rs above provided for.
SEC. %. II any Shareholder or his as
signee shall fail to pay any installment on
his stock when the same shall be required
to be paid, the branch may sell said stock al 4
public auction, having given three weeks
previous notice thereof, in newspaper pub
lishcd in the county where the branch is
bighes, nric,. tberelor. moi LEGS ,ton th,.l
anon n, unno;a thsIcon. and the e,cess' III
anv after having ihe e,nenses of tbel
sale, shall be refunded to the Delinquent
stock holder. II no bidder can be found
who will nav for sucb stock the amount nm.
maid thereon to the iranch. and costs of ad =.
vrrtisment ana sale. The amount nreyiouslv
paid shall be forfeited to the branch, and
such stock maybe subsequently, sold in such
manner MS the branch NAV order.
S,c o. M hranch shall he oryopized
und,r tbis oct. in The county of Hamilton.
with a less canitol than Eve hundred ,hon
sand dollars. which NAV be Increased TO any
sun M, .,ceeJinv ono million of dollars.
No, in ,;,he, NJ ihe countie, of Cuvaho.
go' or Jncos with a capital less than three
SunJrcd ihonsand dollars. nor in either of
The comnt;rs oC Rrnnklin or Mon.pomery.
with q canital less than va buudr,d ihous.
and aollnTs' wbi,h NAV he increased 10 any
sn,o no, eyc.eding sir hundred ihousond dol. |
lars.
B G. q,
Ste. -'' any eN,sllns 'nuGpe"uen' o,r, "ann, m,
oarM'ns colnpahI, o'ano" oi 'e ,' n','e msn
y. on.o VI neS oaas, G.eS.u w W. g.,
.n's s.a'.' anu uu'uollA.u W 'ssuo nV'es y,
.neu'aa,on, miI ",el wv oIsam'ns'uo" ~
,.o nanA y, oh'o' peeon'e p'a"." " t"e
! all Tho roouis;t;ons ,,f ,L;s oct n..c.Ssarv IN
on tae .eyu,sii'ons VI .",s ao' "Syessuy "
oiea'e o'a"on W suGn 'anni "e u,u.
ols VI a"y suon .A,s..s oans' o'san'1'"5
10 secn oinnun unueI tnis NV, ""' W. anu
Pei.o'm az t"o ao'' iequ,'oa W ''oen"v,u
e,s 70 Peneol sueh o'san'n','a' anu a,'e'
a b,amcb Of The H,nk of @ lilo, snoh oripin,I
corno,o,;on shall he held 10 dissolye' ex.
cant n, ,be nmTnose of collecting lis assets
| III 49, ri,I,,,,, ~ ;, GG; -, ~,
m,nn,Y n,nvid,J in its chsrter. provided
.ne, ,h. ros'n,d dhis y, sc,;"n a s%.,,
he 60 consiIned as to rrouire the RAM of
Ohio N admit any such ;ndencndent or free
banL IN becom. a braneb Of The BANK of
Ohio. unless ibe directors of the pasL oi
Ohio shall he SATISFIED ,hat The admission of
such branch will NOT ieopardise the inter.
: ests of the public. or Of tie Bank of Ohio.
oc I'M ..r -,