The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1858-06-24

ize free bankingsp passed Msrch Al, 1851,
shall hereafter be held and kept In the treAs-
ury of the state Of Ohio, as part Of the
securities belonging to the state; and when
ever, in order to redeem any of the circula.
tion of any Of said banks, il shall be neces-
sary to sell any part of such securities, the
commissioners of the sinking fund shall con-
vert the same into money, and pay the pro-
cceds thereof, Upon the draft OF the comp
trolIer of the treasury, drawn upon said
hoard, countersigned by the auditor Of state,
into the state treasury.
SEC. 9. Whenever any bank as afore-
snid, shall be desirous OF diminishing the
amount OF its circulating notes, and ehall
desire to deliver to the treasurer OF state, or
to the auditor of Etote, as the case may ba,
any portion Of its notes, TO be destroyed, Ill
such notes shall be first presented to the
comptroller of the treasury, and be careful-
ly registered by him, before delivery to the
treasurer or auditor, and ouch treasurer or
auditor, in the presence Of the said comp
troller and the officer or agent Of said CON-
pany bv whom the said notes shall have
been delivered to the said treasurer or audi
tor, shall proceed to burn TO ashes, the said
notes so delivered, after which the treasur-
er Of state, upon the warrant of the auditof
of state countersigned by the comptroller,
shall deliver to the said bank an amount OF
her securities so deposited and transferred,
equal to the notes so, burned. Whenever
any such bank as aforesaid, shall be desir-
Gus of delivering up any worn out, defacedi
or mutilated notes to the treasurer Of state
or auditor Of state, to be exchanged for new
circulation, the notes SO delivered up shall
be first registered and burned as hereinbe-'
fore provided; and after such registry and
destruction of such notes, the said banks
shall be entitled to receive from the treasur-
er of state or the auditor OF stateI as the case
may be, on the order Of the auditor of state,
conntersigned by the comptroller OF the
treasury, new notes for circulation equal TO
the amount SO delivered up and burned: +.
SEC. 10. That If at the time Of any in
spection and examination Of the state treas-
ury, as provided by the act to establish the
independent treasury of the state of Ohio
is by this act or by law, or at any other
time, there should be any deficiency OF mon
ey or Of other funds or property in the trens-
ury; or if there should at any time be an act
of breach of trust or embezzlement as de-
scribed in the aforesaid act, or in this act or
by law, committed by the treasurer ofstateI
such fact shall be Immediately repertedto
the governor by any one or all Of the men,
bers of the board OF inspection as herein
provided, or by any other person or personsJ
and the governor on receiving such report
shall, with the concurrence of the auditor
of state and comptroller of the treasury, If
they find the facts so reported to them to be
true, forthwith order the arrest of the state
treasurer, whose official powers and iunc-'
tons shall thereupon cease ana determine
and the Office of treasurer shall by such act
Of arrest be absolutely vacant, and he shall
no longer be treasurer and shall be held in
bonds with good security in an amount at
least equal to his official bondsy to abide his
trial on the charges made against him; or
on failure to furnish such bonds and securi-i
ty, shall be kept in safe, confinement until
such trial be had. And the governor imme-i
diatey on such arrest of the treasurer shall
proceed to appoint o treasurer. who, on
having given such bond and security as o.
state treasurer is required to give by this
act; and having taken in due form the re-.
, quired oath of Office, and the same being
{ duly filed and recorded, as by this act reI
quired, shall be vested with all the powers
and functions, and be subject to all the LA
. bilities and duties Of treasurer of state in
It like manner as is provided in and BY this
a act. . tf
h SEC. IL. That if at the time Of any in:
e dpection and examination of any county
treasury of any county in this state as pro-
;: sided by the act to establish the independ-
i ent treasury of the state OF Ohio, or by
I this act or by law, or ut any other time
there should be any deficiency of money OF
other funds or property, bonds, securities
assets or effects, ii, any such county treasp-
\. ry; or if at any time there should be an act
n of breach of trust or embezzlement as de-
r scribed in the aforesaid act or this act, OF
q any law, committed by the treasurer OF any
~ such Corhty5 sUth fact shall be forthwith re-
h ported to the probate court of such county
= by any one or all of the members of the
, board Of inspection therein provided for such
:, county inspection; or by sny other person
% or persons. And the Judge Of the probate
=. court of such county to"whom such repor
ia is made shall forthwith, if satisfied of thu
=. truth of the, report 30 made, issue his wri
|, or warrant, and cause the arrest Of sucl
r. treasurer, whose official powers and fuDc-
20 tions thereupon cease and determine, an,
ID he shall no longer be treasurer; and hol'
W him in penal bonds with good security t
20 appear before the court of common pleas 0
n. such countY,-in an amount at least equal &
his official bonds, to obide his trial on tn
N charges made against him., or on failure I
he furnish such bonds aud security, shall
Il. Kept in safe confinement until such trial b
sr. had. And the said Judge of said probat
nm court shall report the same to the court {
90 common pleas for suchcounty, and the couI
te Of contmUii please Immediately on receivin
los report; as aforesaid, of such deicicnc..
Il: embeE7lerient or breach of trust, shail fortl
"a. with isste its mandate, and close the bus
no ness Of the snid office Of treasurer far
in place the said treasury under the care
~ trusty master or masters OF said court uni
Ihe the appointment and qualification Of tFea
aid tirer shall be made and perfected, and Il
~. office of treasurer Of such county beiI
ora thereby vacant, the county commissione
a. and county auditor Of such county, with Il
leo. concurrence and approval Of the judge
mt the said probate court such concurrent
of and approval being in writing, shall proce'
the forthwith to appoint some trusty and cor
ich peteht person Ieasurer' Whos Whsn ~ Z
led, pointed ana quahnea as county usasu, \
&C. 10 required 0y raw 70 ,De 9uenheu' an1 n. !.
J. bonds having been duly approved and hle
IAN. shall be vested with all the powers q
arr. functions, and be subject 70 ell the duti
and and liabilities OF duly elected and %
,ow qualified county treasurer, and shall no
nee his office until his successor shall be az
M elected and qualified.
hv SIC, IL. That il at the time of any u
anaction and examination of the Office, X