Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1859-06-10

presidSnt or essher on the poosr bankng ba
authorize In writing. and not otherwise, except herein
after provded but such transfer assignment shall be
made, unless the banking company owning or deposng
such certificates shall be entitled thereto ageaby 10 the
provisions Of the act under which the banking company
shall have been organized
Sec O. II shall be the duty Of the Of state
aud Of the comptroller Of the treasury forthwith 10 make,
aud thereafter Keep in teir respective departments
curat accounts Of all certificates Of debt deposited
aforesaid aud Of all certificates hereafter dposted
curiy for the redemption ofcrculang notes Of banking
register Of the bank department OF the certificates that
have heetofoo BEEN and that may hereafter be depoted
and shall be the duty Of the register TO keep accurate
counts such also all other accounts
pertaining to banking companies sa at all reasonable
nes be open 10 the inspection aud examination Of any
officer agent of any Of said banking companies Of the
governor auditorof state treasurer comptroller and at
orncy general either Of them, conmsioucrsp
pointed by the governor for that purpose and Of any
mttee o the general assembly either branch thereof
thereunto authorized by resolution
Sec D. Whenever any banking company shall desire to
have any plate plates Tor circulating notes engraved
any blank circulating notes printed and shalt notify the
comptroller thereofin writing the comptroller shall issue
order TO the treasurer Of state to the 70 be
engraved printed specifying particularly in the order
the denomination denominations Of the plate Plates
TO hc engraved; the several denominations Of the blank
es n be printed with the amount each denomnaion
aud the treasurer Of state shall stetly observe such
der in causing such engraving and printing to be done; and
upnn the delivery to the treasurer OF any blanc printed
circulating notes the shall notify the comptroller
and register thereof and they IN the presence the treas
urcr shall carefully examine tie same aud make
count thereof In their respective departments.
Sec. Whrn banking company shall be entitled to
ceve registered notes the comptroller OF the treasury
SHALL the written application Of the proper officers or
heban tissue order the treasurer Of state therefor
and deliver the to the register specifying IN such
orrr the amount Of each denomination Of unregistered
notes. be delivered TO the register and the
tion order and ascertanng from the accounts in
his office that tho banking company IS entitled to the
the treasurer ofstate shall eeF the notes specified in
such orderto the register who shall forthwith register and
deliver the same o the agent Of the banking company and
make account thereof but such shall not be reg
iserd delived unless II shall appear from the accounts
In the registers Office that the bank is entitled thereto.
SEQ s. Whenever banking company shall return any
Of s circulating notes TO be burnt the shall be burn
ed to ashes BY the treasurer of state in the OF
the comptroller Of the treasury and tue agent OF the bank
and four certificates thereof be- made and signed bv the
treasurer eompter and agent OF the bank specifying
the amount each denomination OF notes SO burned to
ashes OF which certificate shall be delivered TO
the agent of the bank and ono each to the treasurer
Sees The auditor Of state shall nrpoint sone suitable
person clerk in his Office who shall be STYLED the s-
ter and be under the supervision and control Of the audi
tor The register shall without delay make and keep in
his Office accur5te accounts OF all certificates Of debt
deposited and that hereafter deposited with the
treasury cury for the redemption circulating notes
nf banking companes he shall also make and keen
count Of the amount Of each denomination OF the notes o
each banking company delivered TO such bank and Of
amount returned and burned TO show the balance
notes chargeabe TO such bank and he shall also keep
urae accounts Of all notes hereafter registered and dv
cred to each bank aud notes returned to lie burnt
all times to exhibit the true amount of each denomination
Of registered notes delivered to each banking
and the amount thereof returned.
Sec, T. Whenever 1t shall be necessary TO sell any oil
the certificates Of funded debt deposited aforesaid
the redemption Of the notes Of failing bank the auditor
treasurer and comptroller shall make order Tn
sell such certificate and certificates and at sucl
time and times, place and places may be necessary
redeem the outstanding circulating notes o suc bank
the may be presented for redemption, and produce
the largest sum that be obtained for such certificates
and when II shall have been determined TO make such salt
the comptroller shall ssue order TO the treasurer peci
fying what certificates shall he sold, and the time
times place and places Of selling the same and In maxim
such sale the treasurer shall be governed by the provision
the act under which snch bank shall have been orvanz
cd. lv hem sal
shall be made the treasurer shall forthwith report TIA
same and the amount of money thence arising, to I'll
comptroller and the auditor who shall cause
thereof to be made in their respective departments
the treasurer shall be charged with the money redemp
ton fund and all payments made by the treasurer for t
redemDon Of the notes ofa bank shall he upon the
rant Of the auditor in other all notes prescnte
by the treasurer In the Of the comptroller
register and certificates of such burning signed by tn
treasurer comptroller aud register shall be made and
count thereof kept as in other cases,
Sec. s. Ifauv banking company shall fail to transfer
and keen deposited with the treasurer of state the
of securities for the redemption OF circulating notes re
qured to be deposited bv the act under which such bank
ing company shall have been organized; shall fail
make the quarterly returns Of the condition OF the bank
to keep hand the amount OF coin and its equivalent
required by the act aforcsad II other violation
of the provisions of the act under which such ankin
company NAV be organized shall como to his kno wedgt
auditor Of state shall forthwith notify the atorne
general thereof and the attorney general shall
also for any such violations that may otherwise
TO his knowledge proceed by quowarnnto in the prope
court against such banking company as for forfeiture
Sec. O. If the auditor Of state, treasurer Of state
comptroller OF the treasury clerk in either Of the
Offices, shall knowingly and purposey, and with inten
thereby to cheat deaud any person persons bod
corporate otherwise dispose any secute
It deposited by any banking company aforesaid any
the circulating notes Of any banking company, whethe
the same be registered unregistered. aud which
have into his possession under his control for
the purposes named in this act in the several
mentioned in the first section of this act he shall be dee
ed and held guilty Of embezzement and prosecuted by II
n dicmcnt in court having jurisdiction Of the osne
and upon conviction thereof shall suffer the punsl
ment penalty is may be provided by law for III
punishment Of persons guilty Of the embezzemento of II
proper securities and moneys Of the state; and In all pro
ecutons for mbe2zlement under the provisions of til
the securities and the notes aforesaid whether reg
tered unregistered shall he deemed and held to
m the value dennminated on the face thereof.
Sec TO- Sections seven eight and nine Of the act
titled an act to further provide for the better regso
and receipt disbursement and safe keeping OF the publ
e revenue passed April r. 1858 hereby repsaled pr
vided that the repeal thereof shall effect the s=is
,f rights liabilities civil criminal, Of any person
" persons, arising under the sections repealed.
|. Sec. H. This act shall take effect its passage
A WILLIAM b. WOODS,
= Speaker Of ths House of RsprsseHtattr,
: MARTIN WELKER,
10 President Of the SeHat