The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-10-08
LAWS OF OHIO.
puBLrsuED BY AUTHORITY.

mo. 1872 AN ACT.
10 incorporate the Bank OF Ohio and
Branches.
SECTION / lie Il enacted by tic Gener-
ul ASSEMBLY Of tie Stote oi ohio, That
the Bank Of Ohio be and aud the same Is
hereby incol poraied with all the powers
hereinafter granted, and by that name
shall be capable Of contracting, and OF
prosecuting and defending actions as full
ly as natural persons, and of doing ali
other acts necessary to effect the oblects
contemplated In this act by the CREATION
Of said corporation.
Sec. g. That as soon rs five or more
branches Of the Bank Of Ohio shall be
organized, as in this act IS authorized, the
directors OF the Bank Of 04io, appoiblrd d
by such branches, shall NEE; IN me city
ot Columbus at such time as shall be
designated by the board OF Bank Com
missioncrS who shall give ten days previ
Gus notice to each branch of the time of
such meeting, and provided two thirds OF
the whole number Of such directors shall
be convened. they shall organize by TAX =
ing an oath, diligently, faithfully and I'M
partially to perform the duties imposed
upon them by this act, a certificate OF
which oath, signed by each director, shall
p be filed and preserved 10 the Office Oh the
Secretary Of State, and By tlecling some
suitable person as president. who shall
preside at the meetings of the board and
sign its official documents; and thereafter
TIE directory of the Bank Of Ohio shall
be composed Of one director appointed b.
each branch Of said Bunk, two-,iirds u
whom shall be a quorum.
SEC 8 The dutctors shall, when they
deem II N. cessary, elect a vice prcsi.lcut,
whose duties shall be prescribtd by The
by-ia~s. They shall app"int IA secretary
who shall keep .:ar and true record oI
the proceedings of the bank. They
shall keep an office in the ci'y Of Colunl-
bus, which, together with III ir books, pa-
pers, records, and ac cunts of every des-
cripticn, shall at all times be open to The
inspection of any committee of the Gen.
eral Assembly, or either branch thereof
and Of any commissioner or commissioners
specially appointed for that purpose by
the General Assembly, or either branch
thereof. They shall procure and furnish
each board with notes for circulation, and
decide on the amount to be furnished from
time to time to each, within the limits and
agrecably to the rules and restrictions
prescribed by this act. They may pre-.
scribe rules for the settlement of balan-
ces between the branches revise their hy.
8 laws and regulations concerning char~e.
for making collections, and cause DO { C
be made uniform, or as nearly so AS t.ay
be expedient. They shall have power
by themselves or by committee of I'M
or more members of their own BODY. OF
by special agent ap pointed by them fo,
that purpose. achenever, and SO often a.
they shall think proper, to visit any
branch, inspect It's 5oks. records and ac
counts, and all the evidences OF de5t du,
10 the securities held by such branch; ex
anime and ascertain tlie auIount of mon
ey and other properly held BY sui
branch; examine on oatns the president
a vice president, directors, cashier, and al
other officers. agents clerks. or servant
Of the branch, touching its condition
means and liabilities. They shall hav
power to require any branch 10 reduce il
circulation or other liabilities, within sucI
limits rs they shall, after full inquiry int
its condition. deem necessary 10 seour
from loss either the dealers viii, sue
branch, or the other branches Of iii
Bank Of Ohio. They shall. as soon af.e
the hrst Monday of every month as prac
ticable, publish 10 some newspaper pint
ed At Columbus, consolidated aostrac
o The monthly reports of all the bran
ches, showing their assets, liabilities an
condition, which statement shall be recor
ded In book or books to be kept fo
that purpose. They may appoint an ez
ecutivc committee of not less than three
OF whom the president or vice presider
snail pc one. to act in behalf of the ban
IN all such cases, as shall be prescribe
by the BY laws Of said bank. not incor
sistent wi;hahis act.
- Sec. 4. The president. vice pres;den
secretary, and all other officers or aoen,
OF the bank shall each receive srcb co,
pensatIon for their services as said ban
shall allow. which shall be assessed uno
the several branches of the bank Of al;
in the ratio of their capital stock ri
Bank may also allow the executive con
ss mittee such compensation as its hall dee
~ just and reasonable, to be paid by II
several branches in the same. r,af.ner:ar