The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1857-09-10
RAVENNA, THURSDAY, SEPT. 10, 1857

: at such place in this State as shall be desip
: mated in the certificate hereinafter require
to be made, subject to the contingencies, re
strictions, conditions and liabilities preecrjb
| ed in this act.
SEC. 2l. Persons associatng 10 form
branch shall, under their hands and seal
d make certificate, which shall specify;
, First-The name assumed by such branch
and by which it shall be known in IFS deal
ings, in which name shall be included III
3 name Of the city, village or town in whic
its banking operations shall be carried on;
i. Second-The amount of the capital stoc
. ofsuch branch ard the number of shares int
which the same is divided;
, Third-The name and place of residenc
! and the number Of shares held by each mom
, Der OF the company;
Fourth-The time when such cnmpan
shall have been formed;
Which certificate shall be acknowledge
| before justice Of the peace or notary pub
lie, and shall he recorded by the recorder &
the county where such branch ia TO be estab
lished, in book to be kept by him FIR th0
purpose, which shall at all times during offic
hours be kept open for the inspection of an
person wishing TO examine the same; on
conv of which ra,ti6c.to al, cortieoJ NJ
be Transmitted m The Serrrtnrv or Stoto ,vh
shsIl record pnd cnrer,lly nreserve tho snn,e
in his Office. and ,no,har tn tho,Rorr Can,
missioner in this net named mntiI fbe oro,aI,.
ization of the Benk of Ohio. and thereafter to
said bank
SEC. %. No branch shall be permitted TO
| commence or carry on the business of bank.
inc nndrr tbis ,ci nrIess its can;,nl s,ocL
shall he nt least one bmn5,sd thnnsond Jni'
lars. nor sInll thc conital s,ock of INV sncb m
branch ever bc increased ,o exreed frmr bun
drcd thousand dollars, spxcent a, esnroially
| provided for in this act. At least 6i,v ncr
cent Of the cpnitol stoct Of each bTancL
ehali be paid in gold aud silver coin, or thar
equivalent; one IG,lf @, wligh ftv nsr cent
at least shall be in gold and silver coin,
and shall be in tl,e rctual nossessiDn md
bona fde the rroper;v of lbe branch et tho
time of the cfnpneucement ~ its bankiny
business, and at the place DESIGNATED for ear.
rylng on such business, and the remainder
of the capt-r stock Of such branch shall
be paid in, in inStallncnts, euch of at least ten
per cent. on the whole anount c the cQpital
subscribed as frequently as once in every topr
successive months Eom the time OF com
mencIng business until the whole amount of
such cap'taishal! be pHic up: Providcd, iLat
the orecior5 OF The Bank OF Ohio my eX-
teha inc tnfc Tor the payment OF such de-
ierFed Instruments or any part OF them,
10 me OFohches' "heh SATISFIED that the pub
nc interest does not rcHaire them to o3 paid
as frequenly as above provided Tor.
SEC. %. Ifany shareholder or lis rssignee
shal! fail to pay any insta!ment on his stock
w., n' hron" ano '@io 'I a :" JG 'a
,ior bo,in,, o;voU ,,,san voels rtorjn,,, J,,r
t;oo .horo,S nos.,.,-,, n',b R'I''J'iS ;sLoI ,''
hn,a ,I, I"aa ! tnn.nI ''' VIZ
s ,.iIi ,I, 1,s"' ~ ",'y
Fe''o" " Nv "i't F|J 'ao "'s ',es' p'IcI ','SSe
WI NV 10 '"'" ''. ~ "'''o""t u"p"'" '"'io'
o"' "No '',I .No' 60 II "uy "''er P'y '"s .''
"a Feiioes VI '''' Su'G eI'''i " % 'to
eellhfueA' s'o0A'lo,ue'' ~ G''ne' van oo
iounu "n' "lti,F"y ~. Suoii 9tooN ,',0 ""Ioo's
uIP"'u >'oo-' " 'no D,"H."' "llu roS;o VI
I"''' '''''T''t "',' S":t' VIZ "'"oT''
p"'u '',"!i Oo 'o' 'l.l.'u ~ '.io D'uHc"' GU"
SUN $40, ~ ",%y w s"'1' W., ".'y oo'0 !" ''V'
'""he' ." VIC o'""e' ''"! 0'o''.
Sec. 24. No branch shall be organized under
this act, in the county ct HGmlton, with a
less capital than five hundred thousand dol.
hrs; which may be Increased to any sum not
exceeding one million of dollars.
Nor III either OF the counties OF Cuyahoga,
or Lucas, with capital less than three hun
dred thousand dollars, nor in either Of the
counties OF Franklin or Montgomery, with u
capital less than two hundred Thousand dol
lars, which. may be increased to any sum not
exceeding SIX hunoFeu 'loeSano uoi4'ES'
SEC. 25. Anv existing independent bank
BANKING company branch of the State Bank
of Ohio or FREQ bank, created by the laws of
this State, and authorized to issue notes for
circulation, NAV, after the croanizatiopofthe
Bank of Ohio, become branch of the Bank
of Ohio, upon full compliance with oil the
reuuisitions of this act necessary to create a.
branch of such bank. The directors Of any |
such existing bank, organizing S such branch |
under this act, may do and perform all the
acts required of stockholders to perfect sueh
and after the full organization |
of any such existing bank as branch of the I
Bank of Ohio. such original corporation shal!
be held to be dissolved, except for the pur.
pose OF collecting its assets and the final set
t'ement OF us analrs IN 'lle manner provide"
IN lts chafter: FroTlQeG ''lat holnIns IA thlS
Sectloh cohtaiheu sha,, oe 81 construed as 10
require me bahK OF ohio 70 ao"'i' any Such
independent or lfee oaNk u oecoho ofu"cn
OF the bank Of ono unless me directors ;o'
the bank OF Oh!o shaIl DC sa'lSneo 'n'l . me
ADMISSION OF 'uch amen VIII not Je2Pa'Gize
Inc Inc interests OF the puo''c' OF OF 'A' DahK o.