The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-10-02
Taus uf Obto .
PUBLIsHED BY AuTHoRIrY.

tho 1871 AN ACT.
10 inooFpufaie the Bank or Ohio md branches.
Section BE Il enacted BY the General Assembly of the
Sta Of Ohio. that the Bank Of Ohio be and the il
hre5y Incorporated with at The powet hereinafter tnte
prosecuting and defending actions fully natof, per
and Of doing an other sro the nh.
eets contemplated in this act by the creation Of sad coo
SEQ q Inst soon As eve ormore branches Of the Rank
Of Ohio shall be otyaniFe in this auihcrEod, The
directors Of the Bank Of Ohio Appointed by such
shall in the tty Of Columbus At such time a shall BE-
designated by The board Of bank comnssouer who shall
give ten DAYS previous notice TO each branch VI he time OF
such meeting provided wo.thir such diFecoFs shall
be convened they shall offauae BY taking oath, dgent
", hiihhy and mpauialy 10 perform he duhes impcsed
upon them by th ac aver,idcats Of which oath, signed
BY each director ha be ded and preserved u be oce Of
The secreta OF state, and by cccug suitabs peFon
bo,ii and .ga IL o,ci iacumens; and ihsrss,er iie a.
tecOty Of The Bank Of Ohio shall be composed OF one d.
appointed y each branch Of said bank, twohts Of
SEQ. 2. Tne roo,or, shall hs~ they deem II ueressar
e' wee pesideet whose uules sneu ne presumed h'
me ht'Aws' Ihey shan appoint secf'tay Who shall kcep
af aud rue tecorl ofhe proceedings ot the bank The,
ha keep an olce On the city OF Columbus which, together
with he books, apgf reufds, aud accounts " every De-
tcfpion, shall At h times be open the inpecon Of an,
comm ises the General Assrmby, ofehcrbant there.
Of They shall prcuTe and furnish each branch note.
oF Iruiauoh, tnd leriie he be fuuisne.
un time time each, within the limits agrceabyo
the rules and resrction. prefued by this act The, M,
rf.rbe rules for the settlement Of balsnce tctwec hc
branches rvise thef by.iaws and regulations oncefung
change or making collections, aud cause both TO be m,de
uniirfni OF nearly may be eNptdient They sha
have power by themselves, or by committee Of
asmber Of their boy by special ogsni ap.
pointed y them Tor hat purpose Nhenevet and ~ oen a.
hey shall think proper visit any branch inspect haoks
records and accounts snd Oh the evidences OF debt due
ant secuses head by suah br,uchi examine ascrfsn
the amount OF money and othef pf'refly held by such
bfanch examine oath the president, vro president. d.
fseofs easher and ei Other occr sgens clerks, ef
wants Of tie bf nch tuuhng is con iuous, means aud a
bhtes. they shall have pwet require uy brunch TO
Feduce it crcuatun otabte., within .uchiina astcy
shall aeT ia inquiry into " condition, deem necessary 10
from iUss orT the dealer With such ranch o. the
otho bf inches Of the Bank OF Ohio. h shs, so0n of
ter tho hF Monday OF every month nf ccnblr puh N
IN some newspap printed Columlus, nsoHted nb.
itfaci uo moathy reports Of all tho ttnohes. showing
shall 10 rec red In book kept Tor that purpose. They
may appoint executive committee moi than three
o. whom the president OF president shall be one,
In hebgf OF the bank la al such cases. ha be- rfe rhc
by the bylaws OF said bank, moi Inconsistent with this
Sec TIE pr sident, vice pfssident 'ecIstU ~ and MI
otr "'efs ag-nta Of the banks hall each receive such
comp nsaton Tor their ser,ices a. I'D bank shall allow
ehich shall be assessed upon he several branches OF the
m1y ao" the executive committee such compensation a. II
shal deem just anil rsaonnhle, 10 he paid by the ~
n nShe' N e same manne end ihe expenses OF pfocu
hR pes anu printing notes o. circulation shr be paid by
the sev' M tnrhesi In the ratio OF the Of circulation,
received by each
Sec s. Eaoh director Of the bank shall continue In Office
until the hTt Monday Of February, next ue hs appoint
until his successor shall be appoint ~ aud quafsd
vacancies the boaTd shall be filed bv the branch y which
the anpo was made In voting each mem
her shall be entitled 10 md additional
svers atty thonsand dollar, OF the amount rapital
spck paid n'o the br neh By him hum
rod thousand doll'f, al Tie time Of such voting Thu
president an vice PRECEDENT Of the bank snhod their
hcos, one year. until heir succcssn shall be appointed bu
they may be- removed 10y Rresnlpnu of the board Tho,
md aiotier officers Of the bank shalt take oath faithfully,
diligently aud imp aly TO uhll the duties OF their N.
pointments and moi Knowingly voae any Of the prnvi,o
OF this act They may be require to give bond in snc
sum- and with such securities the bank shall prescribe
and al vacancies In said appointments shall he filed by th
bank.
sec An designed for circulation by tho branche.
shall be urh'hed by the Bank OF Jhio bot such
ihil be delivered to any branch until they are nunberr
and counersgned some person perons authorized &,
coun vgh me same ~ register and full record OF sucl
numbering and made in book Kept Tor tr
purpose nd all such shall have stampedoF printed
heir face the woTls Registered hy the Bank Of Ohio.
AL nue, wora defuced, mutilated be unfit oi
citcul on shall BE- returned by the branch BY which they
snued the bank, and suua amount ~ ne note ~.
eeyrd tvFeori all such noies Teuedby abrNnch shll
BE- credited, AMI delivered t theiT se-d shall
enarsed 20 such W inch on the books Of said eank and the
notes % rcuEued shall bo burned ashes In the presence
The prss cent % vice presideu and AZ least two Of the d..
for circulation, q shall require such branch pay de-
po to the credit Of said bank, said bans u orer s
OF the United states NJ their value In tho c Of New
York, but IN no instance above their par value amount
equal 70 per cent ON the amount oil the for cTlu
laon which shall be delivered 10 such branch. And 20,
ON time To tme as any brunch may,b the paying IN OF
received tue amount OF notes for circulation to which was
pfeWou ly entitled, receive additional amount Of notes
Tor cireuron sue brluch shall deposit with tbe hank ion
per cent on the amount Of notes received aud the stock
AMI money deposited shall be nom mated ths safety mnd
AMI 'hal be invested hcT5naer rs fbed and held by
the bank the pTpsf OF said branch, IN T lO the sew
erl ranehe OF the Bank Of Ohio and a. n fund os the re-
dempdon of the es OF circulation Of any Of
said branches thai may fail 10 redeem its notes TO be an
Piled 20 that purpose in the manneT pointed out BY this
Sec. All moneys deposited paid The bank
count OF the safety fund, by any branch shall be- under the
oi the state Of the United taos bonds serure by
morgges on uninenmbefd real situated the county
where such branch u ooaed or IN adjoining counties, Of al
least twice the value IN each c,se OF the amount seeuEad
heleoS exclusive oi buildings ~ other fixtures subject IA
ue ny u'e opa or oihtt accluehtl orcufiencea
or unOof mines OF minerals nheet 10 wasle which bond
shall be payable demand the bank Of Ohio, and
ihal be such rae Of ueTe shall be agreed by hs
ss@aaaosy 10 advance Each SiaaS hSi be snt 70
essivs the interest Accrnng the stocks bonds in which
it, poE on OF the safety fund shall have bsen invested; aud
IN Of the insolvency Of branch the stocks and bon
in which the money OF such Tanch shah have been invested
a. aforesaid i the proceeds OF such stock and hon shall
sufficient to redeem is outstanding notes Of circulation
SHALL far practicable, be Fst e0nv into money and
applied to that purpose beo'e any par Of he sasty fund be
longing 10 other bR,nrhos shall be applied.
Sec o fhe tank Of Ohio shall hrnishto hran'l
riuntng notes 70 a. amount bearing sIsuef pIoponor
time remaining uudmniahed by losses wihFawu thar
the proportion hereinafter specified, that says On Tn
6ft hun Ts thousand doaSi or any lesser amount NJ
cahal not more than twice the amount Of such capital
In the second hun rel h0usand dOlaFs par thereof
m"Ie than once AMI reeuai ef the amount Of such cap
a over one nun ~ thousand donIs One the third hun
dred thousand dnlafa OF par thereof not an
ani half The Anoan Of such capital two huniTs'
thousand. On the touh hundred thousand doaf par
thereof than and quarter The of
cnpt three hundred thousand; and, N any amount
capal over our hundred thousand dollars than
amount equal 70 suHh capital, for hundfe ihoutfnd
Nor hall ,aid bank furnish % bI nch circulating
Of any Other denomination than N nolnF onF
ree doiafs hve donITs, ten dolaf twenty dollars, d
dollars and one hundret dollars eachi OF the fulng
70 any branch, moi than per cent OF The u
n notes OF one dollar each thru 1--WE per cent
No dollars euehi ihau n0ies OF the
doafi eaehi oo more twenty per en shall BE- ia nos
of all denoH unons under i've dolaF maTs than dft
pr shall BE- 10 Of al denomination. under
lars.
sse. TO- II any branch Of the Bank Of Ohio shah rens
% pay ts nnies Of uil uaOR any Of them, Ia gold
FcI coin he lawful eufreauy Of the United States
which payment shall be law uy demanded at it banking
hOus customary place Of doing hnnkng business dn
ing usual banking hour, such branch shall bo deemed
have committed Of insolvency. and ter upon ~ Il
property lite, secuFes, liens and Of evcTy De
on forthwith vest n and be the properly, Credits ieoun
ues hens, and assst Of the Bank OF Ohio fT de
pulposes declafed 10 ihia act
Sec ~. The Bank % Ohio racevinE information tha
any branch has committed act Of Insolvency, shall oEil
with appout comniiiee 81 Of IL directors,
Others vino shall make Immediate inquiry into the Fn
Of such inioImadon sal leppr thereon 10 the bark
and II the haHk hal be satisfied fm the report Of The CON
mteo that such brunch has suspended the payment Of Il
nofss n gold and silver n shall frhah appoint suitahl
receives eivrI who shall taka immediate possefsio
0f s books Fsoor chosen 10 actions, and poper
Of such haneh, az ryeU desTpon, and hold The "a
te bensit Of ihe other hflnnhsc Of the Bank
Ohio he cIcditol cf the failing bIanch, and said Ran
of Ohio lhs ploY de- money and place the
10 such solvent brush hr1nchea may b. e mnt
fenen fiia pnnle Of radecnins The of luoh ia
ing l nch lnd shall give notice thereof IN newspape