Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1859-04-26
AN AZ [
iN'9'Na
March 81, 1859.

| No. 1863. AN Az
Authorizing the examination Of Btnktn9
Corporations in certain cases.
Section l. BE IL enactcd by tie GC"cr01
assembly of Mc .State Of Ohic, That any
banking corporation in the State Of Ohio.
organize under the laws thereof, which
shall have suspended payment upon lia
notes of circulation or other liabilities, OF,
shall have made an assignment in trust ot
its effects, or any part thereof, for the pur-
pose of preferring any of It's creditors.
whereby the provisions Of the charter OF
any such corporation, or the law under
which the same is organized, the 81 preme
court Of Ohio has power toappolnt mas
ter commissioner. examiner or other per-
son, for the purpose of investigating the
condition and management of SAID corpo-
ration. The master commissioner, eXami-
ner or otherperson, who may disappointed
| by the supreme court of Ohio to make
such examinations, shall examine fully IN
regard to all such matters touching the
condition and management OF sach cor
poration as may be directed by the Court,
and for that purpose power IS given nm
to issue process for the attendance OF VIII
nesses, the production of papers, books
and accounts necessary for such eXamina-
ton, also, to summon the officers, agents,
assignees or employees of SAID corporation.
or other persons, to appear before HIM and
testify in relation TO the condition and
management Of said corporation, and also
to take all necessary testimony to show the
condition and management OF the affairs
of said corporation.
Sec. Q. That said master commissioner.
examiner or other person, who may ba
appointed by said court, shall have power
to compel the service OF his process, the
attendance Of witnesses and other per-
sons, the production of books, papers and
accounts, to compel answers to questions
which may be propounded 10 all persons
by him sworn, and to enforce all orders by
him made touching such examination, by
proceeding for contempt, AZ tnlly, ana 10
the same extent. as any court OF the state
of Ohio can.
Sec. 3. The master commissioner, ex-
aminer or other person, before entering
upon the duties OF such appointment shall
take nm oath, tha: he will faithfully, hon
eslly and impartially discharge the same,
and shall report his proceedings to the su-
pleme court as it may require.
Sec. 4. That if upon the examination OF
The officers, agents. employees or assignees
of said corporation, or from the evidence
of other witnesses sworn, it shall appear
that there are books, papers or accounts
material and necessary to The examination,
provided for in this act, in the possession,
or under the control Of, or within the
knowledge of such officers, agents, EN-
ployees or assignee5, within the state OF
Ohio, or elsewhere, which now belong to,
or once did belong to said corporation the
originals of which cannot be produced at
such examination, such master commls-
%ioner, examiner or other person shall have
power to the same extent, and in the same
manner as is prescribed by section two oil
this act, to compel the officers, agents.
. employees or assignees OF said corporation
to produce upon such examination attested
copies of said books, papers or accounts.
Sec B. This act shall take effect upon
its passage
WILLIAM B. WOODS.
Speaker of the House of Representatives
MARTIN WELKER,
r President of The Senate.
April 2, 1859.