The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1857-06-26
Gatus of Obs.
mo, 1921 AN ACT
To incorporate tho Bank Of Ohio and
Rrapches

II Branches.
:. SECTION 1. Belt enacted By the Ge
- eral assembly e'the State Of Ohio,
y That the Bcnk OF Ohio be and Il
J. same is hereb; incorporated with all Il
j. powers hereinafter granted, and by tb
= name shell be capable Of contractin
: and OF prosecuting and defending actor
as fully as natutal persons, aud ofdoir
all other acts necessary TO OBJECT the o.
jects contemplated in this act by the cr
adon Of said corporation.
: SEC. Q. That as soon as five or MOI
branches Of the Bank OF Ohio shall
organized, as in this act is authorize,
/, the directors OF the Bank of Ohio, OF
pointed by such branches, shall NEE
in the city Of Columbus at such time q
shall be designated by the board OF ban
commissioners, who shall give ten day
previous notice TO each branch of tn
time OF such meeting, and provided two
thirds OF the whole number OF such di
rectors shall be convened, they shal
organize by taking'an oath, diligentl,
faithfully and impartially 10 perform
the duties imposed upon them by ,hi
act, certificate of which oath, signc,
by each director shall be filed and pre-
served in the Office Of the Secretary o
State, and BY electing some suitabl,
person as president who shall preside
at the meetings OF the board AMI sigr
its official documents, and there after thC
directory of the bank OF Ohio shall be
composed OF one director appointed by
each branch OF said bank, two.thirds oI
whom shall be c quorum.
SEC. 3. The dtectors shall "',~o
they ieay'. .,iiuse duties shall be prescrl-
bed by the by laws. They shall ap.
pon, secretary who shall keep fair
and true record OF the proceedings Of the
bank. They shall keep On Office in
the city Of Columbus, which, together
with their books, papers, records, and
accounts of every description, shall at
all times be open to the inspection Of
any committee OF the General Assembly
or either branch thereof. and OF any
commissioner or commissioners espe.
cialiy appointed for that purpose by
the General Assembly, Of either branch
thereof. They shall procure and fur.
nish each branch with notes, for circu.
Iation, and decide on the amount TO be
furnished from time 10 time, each
within the limits and agreeably to the
rules and restrictions prescribed by this
act. They may prescribe rules for the
of balances between the
branches, revise their by laws and reg
ulations concerning charges for making
collections, and canse both TO be made
uniform OF as nearly so as may b" cX'
pedient. They shall have power, by
o, by q committee OF one or
more members OF their own bolY; or by
a special agent appointed by them lor
that purpose, whenever, aud as often as
they shall think proper, to visit any
brarch, inspect It's bochs, records ana
accounts, and all the evidence ol debt
due to any securities held 10y such
branch; examine aud octertaln the
amount OF money anl othcr property
held by such branch, examine on oath
the president, vice president, directors,
cashier, and all other officers, agents,
clerks, OF servants Of the branch; touch
ing its condition, means and liabilities.
They shall have power to require any
branch to reduce its circulation or other
liabilities, within such limits as they
shall, after full inquiry into its condi.
tion, deem necessary to secure from loss
either the dealers with such branch of
the bank of Ohio. They shall. as soon
after the frs, Monday OF every month
as prac cticable, publish in some news
paper published at Columbus, consol'
dated abstract Of the monthly reports
of all the branches, showing their assets,
liabilities and con lition, which state
ments shall be recorded in a book or
books 10 be kept for that purpose. They
may appoint an executive committee OF
not less than three, Of whom the pres.
ident shall be one, to act in behalf Of
the bank in all such cases, as shall be
prescribed by the by laws of said bank 4,
no, inconsistent with this act.
SEC, 4. The president, vice presl'
dent, secretary, and all other officers or
agents OF the bank shall receive such
c compensation for their services as said
bank shall allow, which shall be as
sessed upon the several branches oil the
bank of Ohio, in the ratio OF their cap
ital stock. The bank may also allow
the executive committee such compen'
sa,ion as il shall deem just and reason
able to bo paid by the several branches
| in the same manner; and the expense:
OF procuring plates and printing notes o.
circulation shall be paid by the several
branches, in the ratio OF the notes ol cir
culation, received by each.
See. 5. Each director OF the bank
shall CONTINUE in Office until the frs
Monday OF February, next after his ap
pointment. and until his successor shal
be appointed and qualified, vacancies
in the board shall be filled by the brancl
by which the appointment vacated wa
made. la voting each member sha u b'
entitled 10 two votes. and to one sddi
tional vote for every fifty thousand dol
lar, Of the amount Of capital stock pal,
into tho branch represented by him owe
one hundred thousand dollars, at tn
lime OF such voting, The president AM
vice. president Of the bank shall hol,
their offices for one year, and until thei
successors shall bs appointed, but the!
may be removed By a resolution OF tn
board. They and all other officers an
agents OF the bank, shall take an oat
faithfully, diligently and impartiall.
to fulfill the duties Of their appointment,
and not knowingly violate any Of tn
provisions Of this act. They may be re
quirsd to give bond in such sum, and wit
such securities as the bank shall pre-
scribe;and all vacancies in said appoin
msnts shall be filed by the bank.
d Cun All natas daainnad for circi