The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1859-08-12

and that hhyo heretofore been deposited
shall be subject to salo and transfer upor
the written authority of tho treasurer o.
state, tho comptroller of tho treasury, and
Of tho president or cashier of tho particular
banking company owning or dopositng the
same, and not othorwiso, except as herein.
after provided and all Of such certificates
so deposited. as shall bo payable to any per.
| son or persons, corporation or banking com.
/ pany or order, or assigns or bearer. or as
shall DO transferable by delivery, shall. by
| special Endorsement thereon, be assigned
to tho treasurer and comptroller for the
nso Of the banking company owning or do.
! posting tho samo in manner aforesaid
and such certificates as shall bo so assigned
and deposited, and snch as have heretofore
been deposited, shall DO transferable by in
dorsement of tho treasurer and comptroller
by special Endorsement, to the banking com
/ pany owning or depositiug tho same, or tC
such person or persons, company or corpor
ations, as tho president or cashier of tn.
proper banking company shall authorize il
writing. and not otherwise, except as hero
matter provided; but no such transfer OF
assignment shall bo made, unless tho bank.
ing company owning or depositing such
certificates shall bo entitled thoreto, agree.
ably to the provisions of tho act under which
the banking company shall have been or.
gained.
SEC. 2. 1t shall bo the dutv of the treas.
| urcr ofstate, and of tho comptroller of the
treasury, forthwith to make, and thereafter
to keep in their respective departments, ac.
curate accounts of all certificates of debt
so deposited as aforesaid and of all certifi
Gates hereafter deposited as security 70,
the redemption of circulating notes of bank
/ ing companies; and tho treasurer sha
| forthwith inform the register of tho bank
| department of tho certificates that have
heretofore been. and that may hereafter be
deposited; and it shall DO tho duty of the
register to keep accurate accounts thereof ;
and such accounts, as also all other ac-
counts pertaining to banking companies,
shall, at all reasonable times, DO open to
the inspection and examination of any Off
Ger or agent of any of said banking compan-
les; OF tho governor, auditor of state, treas
urer, comptroller, and attorney gon6..ss' or
! either of them, or any commissioner ap-
| pointed by tho governor for that purpose,
and OF any committee of the general assem- :
bly,, or oithor branch thereof, thereuuto.
authorized By resolution.
SEC. B. Whenever any banking company
shall desire to have any plato or plates for
circulating notes engraved, or any blank
circulating notes printed, and shall notify
! tho comptroller thereof in writing, the
comptroller shall issue an order 10 the
treasurer Of state to cause the same to be
engraved or printed, specifying particularly
in the order the denomination or denomi
nations of the plato or plates to be engraved;
or tho several denominations of tho blank
notes to be printed, with the amount of
each denomination and tho treasurer of
state shall strictly observe such order in
causing such engraving and printing to be
done; and upon tho delivery to the treas
or of any blank printed circulating notes,
tho treasurer shall notify the comptroller
and register thereof, and they, in the pres
once of tho treasurer shall carefully exam.
inc the same, and mako an account thereof
in thcr respective departments.
SEC. When banking company shall
DO entitled to receive any Registered notes,
the comptroller of the treasury shall, on the
written application of tho proper officers of
the bank. issue an order on the treasurer
of state therefor, and deliver tho same to
the register, specifying in such order the
amount of each denomination of unregis-
tored notes. to be delivered to the register
and on the presentation of such order, and
ascertainiDg from the accounts in his Office
that the banking company is entitled to the
same, the treasurer of state shall deliver
tho notes specified in such order to the reg
ister, who shall forthwith register and de.
liver the same to tho agent Of tho banking
company and mako an account thereof
but such notos shall not be registered or
delivered unloss it shall appear from tho ac-
counts in the registers Office that the bank
is entitled thereto.
SEC. s. Whenever n banking company
shall return any of it's circulating notes to !
be burnt, the same shall DO burned to ashes
by the treasurer of state, in tho presence of
the comptroller the treasury and the agent
of the bank, and four certificates thereof
be made and signed by the treasurer, comp
troller and agent of the bank, specifying
tho amount of each denomination of notes
so burned to ashes ; one copy of which cor
tifcato shall bo delivered to tho agent of
the bank, and one each to tho treasurer,
comptroller and register.
SEC. 6. Tho auditor of State shall nm.
point some suitable person as a ciork in lis
Office, who shall DO styled the repister and
be under tho supervision ond control ofI
the auditor. Tho register shall. without
delay, make and keep in his Office accurate
accounts of all certificates of debt now de-
posted, and that may hereafter DO deposi
ted with the treasurer as security for the
redemption of circulating notes of banking
companies; he shall also make and keen an
account of the amount of each denomina-
tion of tho notos OF each banking company. |
delivered to such bank, and of tho amount
returned and burned, so as to show the bal !
ance of notes chargcable TO such bank and
ho shall also keep accurate accounts of all !
notes hereafter registered and delivered to
each bank. and notes returned to be burnt
so as at all times to exhibit the truo amount
of each denomination of registered notes
to each banking company, and
tho amount thereof returned.
SEC 7. Whenever it shall be neeessarv
to sell any of tho certificates of funded debt
so deposited as aforesaid. for the redemp. |
ton of the notes of failing bank, tho au- |
ditor treasurer and comptroller shall make !
all order on the treasurer TO soil such GER
tifcate and certificates and at such time
and times, place and places, as may be noe
essary TO redeem the outstanding circula-
ting notes of such bank, as the same NAV
be presented for redemption and produce
the largest sum that may be obtained for
for such certificates; and when it shall hayo
been determined to make such sale the
comptroller shall issue an order to tho
troocuror aDncifyinp what Cartife IN tae oL III !