The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1858-06-25

secure the circulation oi Dank notas, unuel
the provisions of the act entiteld can ac
Ito incorporste the State Bank OF Ohio, anc
Iother banking companies passed februa
lry "a, lS45, and the like certihcates trans
Iferred TO and deposited with the Auditor o
State, as security Tor circulation under tn,
lproyisions of an act entitled "an act TO au.
ltborrs free banking." passed March 81
ll85l. shall hereafter be held aud kept in the
TREASURY Of the state Of Ohio, as part o
1.-THE securities belo nging TO the state; and
whe never, in order to redeem any OF the
Icirculstion Of any Of said banks, II shall bt
necessary to sell any part OF such securities
the Commissioners of the sinking fund shal
convert the same into money, and pay the
proceeds thereof, upon the draft Of tn,
lComptroller Of the Treasury, drawn upon
said board, countersigned by the Auditor 0
State, into the state treasury.
SIC. 9. Whenever any bank as aforesaid
shall be desirous Of diminishing the amoun
lof its circulating notes, and shall desire Il
deliver 10 the Treasurer Of State, or TO thu
Auditor of State, as the case may be, AM
portion OF its notes to be destroyed, all such
notes shall be first presented to the Comp
troller OF the Treasury, and be carefully res
Iistered by him, before delivery to the Treas
urer or Auditor, and such Treasurer or Au'
ditor, IN the preseGce OF the saiu comp
ltrollef and the officer or agent OF said com
nany by whom the said notes shall have
I6een delivered to the SAID Treasurer or Au-
Iditor, shall proceed to burn to ashes, the
said notes so delivered; after which tue
Treasurer Of State. upon the warrant OF the
Auditor of State countersigned BY the Comp
ltroller, 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 desitous of delivering up any worn out,
defaced, or mutilated notes to the Treasurer
Of State or Auditor Of State, tobe exchanged
j for new circulation, the notes so delivered
up shall be first registered ond burned as
Iheternbefore provided; aud after such regis
try and destruction of such notes, the said
banks shall be entitled to receive from the
Treasurer Of State or the Auditor OF State,
as the case may be, OH the order oi the Au.
ditor OF State, countersigned by the Comp
ttoller of the Treasury, new notes for citcu'
Ilation equal to the amount so delivered up
aud burned.
S.c. 10. That if at the time OF any in.
spection and examination Of the state treas.
Jury, as provided by the act TO establish
the independent treasury Of the state OF
Ohio, is by this act or by law, or st any
other time, there should be any deficiency
Of money or of other funds or property in
the treasury; or If there should at any time
! be all act of breach Of trust or em5ezzle-
nent, as described ia the aforesaid act, or
! in this act OF by Law, committed by the
/ Treasurer OF State. such fact shall be imme-
diately reported to the Governor by any one
or all Of the members Of the Board Of In
spe c,ion as herein provided, or by any other
lp.rson or persons, and the Goyernot on re-
,celvlng such report shall, with the concur
ence Of the Auditor oi State and CpmntrolleI
OF the Treasury, If they find the Sfts SO re-
i.porlcd TO them to be true, forthwiSi ord sr
The arrest Of the State Treasurer whose oih-
cial powers and functions shall thereupon
cease aud determine. and the Office Oi Treas
urer shall by such &C, Ol arrest BE- absolute
ly vacant, and lie shall no lonl Ger be Treas
Iurer, aud shall lie held IN bonds with good
! security in an amount a, leas stKaal iosils
Official bond, 10 ABIDE his on the
churses made against hin; or on failure Il
furnish such bonds aud security, shall be
kent in safe confinement until such trial ID
had And the Governor immediately on such
arrest OF the Treasurer shall proceed To aP-
/ point Treasurer, who, on having given
such bond and security as State Treasured
is required 10 give by this act; and having
taken in due form the required oath OF ofce
and the same beng duly filed and recorded
MS by this act required, shall be vested viii
all the pow els aud functions. end be subjec
10 all the |. abilities and duties Of Treasure
of State in like manner as is provided in ant
!. by this act.
SEC. IL. That if al the time of any in
spection aud examination OF any count'
Il treasury Of any county in this state as pro
yidsd BY the act TO establish the independ
/ ent treasury OF the state Of Ohio, or by th
act or by law, or at any other time. then
| should be any deficiency OF money or othe
funds or property, boLds, securities. asset
I OF effects, in any such county treasury, or
; al any time there should be an act ol breacl
7 Of trust or embezzlemeni as described IN Tia
aforesaid act or this act, or any law, com
mitted by the Treasurer OF any such county
| such fact shall be forthwith reported to tn
? Probate Court Of such county by any one O
all of the members of the Board Of Inspect
therein provided for such county inrrset
ion; or by any other person g. rreisons'I
/. And the Judge of the Proh-.e Gou.s9 9l suc'
, Innuntv IN whom sucL tepoft Is made shai
1ouhy y;,, ;r .e,ssned Of the truth of the re
..ade, issue his writ or warrant, nnt
po..sse the arrest OF such Treasurer, who's,
official powers and functions thereupol
cease and determine, and he shall no longe
he Treasurer; aud hold him in penal bond
with good security 10 appear before Tia,
Court OF Common Pleas OF such couHiy, il
an amount at least equal 10 his olhc'al bond
10 abide his trial on the charges mad,
/ against him, or on failure to furnish sucl
bonds aud security, shall be kept in sal,
. confinement until such trial be had. Ant
: the sal Judge OF said Probate Court shal
report the same TO the Court Of Common
/ Pleas for such county, and the Court .
d Common Pleas immediately on receiving
: report, as aforesaid, of such deficiency, EN-
bezglement or breach OF trust, shall forthwith
! issue its mandate, and close the business o
the said office Of Treasurer, aud place th
T said treasury under the care oi trusty masle
I or masters of said Court until the appoint
: ment and quail fcatisn Of a Treasurer shai
be made and perfected, and the office o
z Treasurer Of such sounty beng thereby va
Z cant, the county Commissioners and count
: Auditor of such county, with the concur
y renee and approval Of the Judge Of the sal
III Probate Court, such con cunence and ap
. provsl being in writing, shall proceed forth
n with to appoint some rusty aud competen
: persvn Treasurer, who, when SO appointe
: and qualified as county Treasurer, is rc
I quired by law ID be qualified and his bond
having been duly approved and filed, sha
a be vested with all the powers, and funt
. tions, and be subject to all the duties an
/. liabilies Of duly elected and duly quail iie
!, county 1reasurer, aud shall hold his oaie
n until his successor shall be duly elected an
y qualified. -.,.....
e SIC. 10. That IL at the time of any in
s spection and examination of the Office, II
e ceipts, books, vouchets and business Of an
!. toll collector, Receiyer of sales OF publ
!, lands, Register Of any state land office, {
Il any other officer or agent Of the state, or PEI
!. son having an Office. as provided by this 'ac
i or at any Othet time, the inspector Of sue
i Office. lor any other person OF persons sha
a discover any evidence Of enibezslemeht
% breach Of ttait, as described in this ae
It or fraud in the business Transactions o., =
IS cords. books OF vouchers Of any such ofic
II such Inspector or other person shall iuini,
10 diAteiy feport the same 70 the Gevefnor a.
,e TO the AuditorIof State, and it shall be Il
,hI duty Of the Governor, or in his absence fro
n L. -. ~ - H..