The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-04-17

ON &C count Of its capital stock 10 ascertain tne
name and place Of residence of eat.l OF the u
rectors of such branch. and Nhet hcr tielr st'cf-
holders directors AND officers are n,Tn NJ rrSon-
sibility and integrity md entitled t. the puzzle
confidence, and the amount Of capital stock "i
which each is tie Loaa hide oMner:s whether sach
branch has complied with al the requirements" "
this act necessary to cntite the branrsi to engage
In the business OF banking, and slsal Cause To he
made and attested by the oath Of . majority OF
the directors, aud b. the cashier of such branch,
a statement or all the material facts neces.a 10
enable the Board Of Bank Commissioners to de-
termine whet ,er snch branch Ii lawfully entitied
To commence the business OF banking under the
provisions Of this act; and such agent shall I'm
mediately report TO the Board of Bank Commits
sioners such statement, and his proceedings in
the premises.
{ So. II. upon careful examinatio IN of the
certificates OF association, and the reports and
statements of the special agent appointed TO As
certain whether the branches SO organized have
complied with the provisions of this act 1t shall
appear that five or more such branches have been
formed and that their stockholders, directors and
officers are men Of responsibility and integrity
and entitled to public confidence, and that such
branches are lawfully entitled to commence the
business of banking, the commissioner shall GER
tify to the same to the Governor, and shall imme
diasely notify each of said branches thereof; and
within ten days after receiving such notice, each
branch shall appoint, in such manner as the dl'
rectOrS
tor of the State Bank of Iowa.
s54. The Governor, if he be satisfied that the
law has in all respects been complied with, shall
issue his proclamation, setting forth that sncn
branches are authorized to commence and carry
on banking, at the places seyerally designated Ia
their certificates of association; which proela
nation shall be recorded in the office OF the Coy
ernor and copy of said record certified under
the great seal Of the State Of Iowa shall be pri-
ma facie evidence OF the organization Of sueh
bank.
$50. The Bank Commissioners, and all agents
appointed by them, shall each be entitled to re-
ceive for their services under this act five dol
lars per day for every day necessarily employed
in the discharge of their duties, and the same
mileage as is received by members OF the General
Assembly. to be paid by the State Bank OF Iowa
ST. This act shall take effect and be in force
from and after its approval by majority or all
the electors of this State voting for and against
It, at an election provided by law and not other
wise.
s57. This act is to take effect from and
after its publication in the Iowa Weekly
Citizen and Iowa State Journal.
STEPHEN B. SHELLEDY,
Speaker of House of Representatives
ORAN FAVlLLE,
President of the Senate
Approved March II, 1858.
RALPH p. LOWE.
Oficc of Secretary Of State,
Dcs Moincs, March II, 1858.
I hereby certify that the foregoing is
true copy from the original roll on tls
in my Office.
ELIJAH SELLS,
Secretary Of State