The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1857-06-04
LAWS or ONO.
PUBLISH BY AUTHORITY.
TNo. 1872 AN ACT
To incorporate the Bank of Ohio and
Branches.

Branches.
SECTION /. Be it enacted by the Gen
eral Assembly of the State of Ohio, Tha
the Bank of Ohio be and the same is here
by incorporated with all the powers here
matter granted, and by that name shal
be capable of contracting, and Of proSecu
ting and defending actions as fully as nat
ural persons, and Of doing all other acts
necessary to effect the objects contempla
ted in this act by the creation of said cor
poration
Sec. Q. That as soon as five or more
branches Of the Bank of Ohio shall be or
ganfzed, as in this act is authorized, the
directors of the Bank Of Ohio, appointed
by such branches, shall meet in the city
of Columbus at such time as shall be des.
| ignsted by the board Of bank commission
ers, who shall give ten days previous no.
tice 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 taking
an oath, diligently, faithfully and impair,
TALLY to perform the duties imposed upon
them by this act, certificate of which
oath, signed by each director, shall be FL
ed and preserved in the Office of secretary
of State, and by eIecting some suitable
person as president, who shall preside al
the meetings of the board and sign its
official documents; and thereafter the di
rectory of the Bank of Ohio shall be com
posed of one director appointed by eacl
branch Of said bank, two-thirds of whom
shall be quorum.
Sec 3. The directors shall, when they
deem it necessary, elect a vice president
whose duty shall be prescribed by the by
laws. They shall appoint secretary
who shall keep a fair and true record o
the proceedings of the bank. They shal
keep an Office in the city of Columbus
which together with their books, papers
records and accounts of every descrip
ton, shall at all times be open to the in
spection OF any committee of the Gener
al Assembly, or either branch thereof
and of any commissioner or commission
ers specially appointed for that purpose
by the General Assembly, or either branch
thereof. They shall procure and furnish
each branch with notes for circulation, anC
decide on the amount to be furnished
from time to time to each, within the lin
its and agreeably to the rules and restrc
tons prescribed by this act They may
prescribe rules for the settlement of bal
ance between the branches, revise theil
bylaws and regulations concerning char
ges for making collections, and cause botl
TO be made uniform, or as nearly so as
may be expedient They shall have pow
er, by themselves, or by committee o
one or more members of their own body
or by special agent appointed by then
for that purpose, whenever, and as otter
as they Shall think proper, to visit any
branch, inspect its books, records and &C
counts, and all the evidences Of debt dut
to and securities held by such brauchi-!
examine and ascertain the eamougs of'mon
ley and other property held Ay sacl
branch; h;sexamine on oath the pMsldept
vice president, directors, cashier, Sand u
other officers, agents, clerks, or seYaat:
ofthe Branch, touching all its conditions
means, and liabilities. They shall have
power to require any branch't6 reduce it
circulation or other liabilities within sucl
limits as they shall, after full inquiry in
to its condition, deem necessary to secure
from loss either the dealers with sucl
branch, or the other branches of the Banl
of Ohio, They shall, as soon after the
first Monday of every month as practica
BILE, publish in some newspaper printed
in Columbus, a consolidated abstract o.
the monthly reports of all the branches
showing their assets, liabilities and con
dition, which statements shall be recorded
in book or books to be kept for that pur'
pose. They may appoint an executive
committee of not less than three, of whom
the president or vice president shall be
one, to act in behalf of the bank in al
such cases, as shall be prescribed by the
by laws of said bank, not inconsistent
with this act.
Sec. 4, The president, vice president
secretary, and all other officers or agents
of the bank shall each receive such com.
pensalion for their services as said bank
shall allow, which shall be assessed upon
the several branches Of Ohio, in the ratio
of their capital stock, The bank may al
SO allow the executive committee such
compensation as it shall deem just and
reasonable, to be paid by the severa
branches in the same manner; and the ex'
penses Of procuring plates and printing
notes of circulation received by each.
Sec. s, Each director Of the bank shall
continue in office until the first Monday
of'FebruarY, next after his appointment
and until his successor shall be appointed
land qualified, vacancies in the board shal
be filled by the branch by which the ap
pointment vacated was made. In voting
each member shall be entitled to two votes
land totone additional vote for every if
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