The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1857-06-04
LAWS OF OHIO.
PUBLISHED BY AUTHORITY.

SECTION /. BE Il enacted By the Gene
rat Assembly of the State Of Ohio, That
the Bank of Ohio be and the same is
hereby Incorporated 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, aud of doing all
other acts necessary to effect the objects
contemplated in this act by the creation
of said corporation.
SEC. Q. That as soon as FIVE or more
branches of the Bank of Ohio shall be
organized, 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
designated by the board of Bank Com
missioners, who shall give ten days pre-
vious 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
taking an oath, diligently. faithfully and
impartialy to perform the duties i'm
posed upon them by this act, certi-
ticate of which oath, signed by each di-
rector, shall be fled and preserved in the
Office OF the Secretary Of STATE, and by
clecting some suitable person as president,
who shall preside at the meetings of the
board and sign its official documents; and
thereafter the directory of the Bank of
Ohio shall be composed of one director
appointed by each branch of said Bank,
two thirds Of whom shall be quorum
SEC. 8. The directors shall, when they
deem it necessary, elect vice president,
whose duties shall be prescribed by the
bylaws. They shall appoint secreta-
ry who shall keep fair and true record
of the proceedings of the bank. They
shall keep an Office in the city of Colum-
bus, which, together with their books, pa
pers, records, and accounts of every des-
cription, shall at all times be open to tie
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 20 each, within the limits and
agreeably to the rules and restrictions
prescribed by this act. They may pre-
scribe rules for the settlement Of balances
between the branches. revise their by
laws and regulations concerning charges
for making collections. and cause both to
be made uniform. or as nearly SO as may
be expedient. They shall have power,
by themselves, or by committee of one
or more members of their own body, or
by special agent appointed by them for
that purpose, whenever, and so often as
they shall think proper, to visit any
branch, inspect its books, records and ac-
counts, and all the evidences of debt due
to the securities held by such branch;
examine and ascertain the amount OF
money and other property held by such
branch; examine on oath the president,
vice president, directors. cashier, and all
other officers, agents, clerks, or servants
of the branch, touching 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 insui-
ry into its condition, deem necessary to
secure from loss either the dealers with
such branch, or the other branches of the
Bank of Ohio. They shall, as-soon after
the first Monday of every month as prac-
ticable, publish in some newspaper print
ed at Columbus, a consolidated abstract
of the monthly reports of all the branches
showing their assets, liabilities and con.
dition, which statement 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 th'
bylaws of said bank, not inconsisten
with this act.
SEC. 4. The president, vice president
secretary, and all other officers or agents
of the bank shall each receive such com
pensation for their services as said BAN
shall allow, which shall be assessed upol
the several branches of the bank of Ohio
in the ratio Of their capital stock. Th
Bank may also allow the executive com
A1A@t~% sum OOhf pCHohttOu do IL SHdu uSCu
Just and reasonable, to be paid by th
several branches in the same name,
and the expenses Of procuring plates an
printing notes of circulation shall be pal
by the several branches, in the ratio c
the notes of circulation, received by eacl
SEC. 8. Each director of bank shal
continue in Office until the first Monda
Of February, next after his appointment
and until his successor shall be appointe
and qualified; vacancies in the boar
shall be filed by the branch by which th
appointment vacated was made. In vc
ting each member shall be entitled [
twogotes, and to one additional vote fc
every City thousand dollars of the amour
OF capital stock paid into the branch rer
resented by him over one hundred thor
sand dollars, at the time of such voting
The president and vice president of th
bank shall hold their offices for one yeaI
and until their successors shall be ar
pointed, but they may be removed by
resolution Of the board. They and a
other officers and agents of the bank sha
take an oath faithfully, diligently and in
partially to fulfill the duties of their a.
pointments and not knowingly violate ar
Of the provisions of this act. They ma
be required to give bond in such sur
and with such securities as the bank shs
prescribe; all vacancies in said appoin
ments shall be filed by the bank.