The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1859-06-01
IaWs of Ohio.
PUBLIsHED ny AUTHORITY.

no. l9il AN ACT
10 provide more effectualIy for the Safe keep,
ing OF Securities deposited by Banks, and
for the Redemption Of their notes.
Sec. l. Be It enacted by the General As
sembly Of the State of Ohio That the certi
ficates Of the funded debt Of this State and
o. the United States, required to be deposit
ted with and transferred to the treasurer OF
state as security for the redemption Of the
circulating notes of independent banking
companies agreeabiy to the prov isons of the
act to incorporate the state bank of Ohio,
aud other banking companies, passed Febru-
ary "a. 18t5; and the certificates ofthe fund
ed debt Of this state, OF the United States,
and OF other states, required to be transfer
red to the auditor Of state as security for the
redemption Of the circulating notes of bank
ing companies, agreeahly to the provisions Of
the act to authorize free banking, passed
March FL, 1851, and Of the act supplemental
ry to the last mentioned act, passed April
IL, 1856. shall hereafter be deposited with
the treasurer Of state, and be carefully pre-
served by him in the state treasury; and all
Of such certificates as shall have heretofore
been transferred to the auditor Of state shall
be by him be deposited with the treasurer Of
state, and be carefully preserved by him in
the state treasury. All such certificates, SO
deposited, as shall be transferable at any a.
gency or office in this state, of the United
States, or Of any other state, shall be trans
terred and made payable to 'the treasurer Of
tho state Of Ohio, and the comptroller Of the
state ofohio, for the use of (naming the par
ticular banking company owning or deposit
eing the same;) and such certificate so depos-
fted, and that have heretofore been deposited
shall he subject to sale and transfer upon the
arrittcN authority of the treasurer of state,
the comptroller of the treasury, and Of the
president or cashisr Of the particular banking
company owning ar dsp0siting the same, and
not otherwise, exceFt as hereinafter provided;
and al Of sach certificates 30 deposited, as
shall Ne payable to any person or persouS
corporation or banking company or order, or
assigns, OF bearer, OF az shall be transferable
by delivery, shall, by special Endorsement
thereon, he assigned to the treasurer and
comptrcli.f Esr tie use Ct the banking COM
psny ownsag or depositing the sasa4e, in man
ncr AFORESAID. aad such certificates aa shall
be SO assigned and deposited, and such as
have herctxfsre heen deposited, shall be trsnS-
terrabie by Endorsement of the treasurer and
comptroller. by special endorsement, to the
baak;as eatapaay ownaag or depositing the
aarne. or to such person or persons, company
or corporation, as the president or cashier OF
the proper banking company shall authorize
in writing, and not otherwise, except as here.
matter provided; but no such transfer or as
signment shall be made, unless the banking
company owning or depositing such certif-
ca,es, snail be entitled thereto agreeably to
the provisions of the act under which the
banking company shall have been organized.
Sec. 2. 1t shall be the duty Of the treaSu-
fer OF state. and of the comptroller Of the
treasury, forthwith to make and thereafter
to keep in their respective departments, ac-
.curate accounts Of ala certificates Of debt 81
deposited as aforesaid and of all certificates
hereafter deposited as security for the redemp-
ton Of circulating notes OF banking compa-
aies; and the treasurer shall forthwith inform
the register of the bank depaT tment Of the
ert;fcates that have heretofore been, and
it shall be the duty Of the register to keep ac-
curate accounts thereof; and such accounts,
~ also other accounts pertaining to banking
companies, shalt, at all reasonable times, be
open to the inspection and examination OF
any officer or agent of amy of said banking
COMPANIES; OF the governor, auditor OF state,
treasurer, comptroller, and attorney general,
or either of theR, or any commissioner ap
pointed by the governor for that purpose, and
OF any committee of the general assembly,
or either branch thereof thereuate autkori-
zed by resolution.
Sec. 8. WheaeVer any banking company
ch.M k, hs,so MIA IA ,lxfs far
circulating notes engraved, or any blank cir
eula,ing notes printed, and shall notify the
comptroller thereof in writing the comptrol.
Ter shall issue aR order to the treasurer oi
state to cause the same to be engraved or
printed, specifying particularly in the order
the denomination or denomnstioRs ct the
plate or plates to be engraved; or the several
denominations of the blank notes to he print
ed, with the amount OF each denomi nation,
and the treasurer oi state shall strictly oh,
serve such order in causing such engraving
and printing to be done; and upon the deIlv.
cry to the treasurer Of any blank printed
circulating notes, the treasurer Shall notify
sae eompWolier and register thereof, and
they, in the presenee OF the treasurer, shall
carefully examine the same, and make al ac-
count thereaf ia their respective departments.
Soc. 4. Waea banking company Skail be
eutitied to receive any registered notes, the
counptoller OF the treasury shall, on the
written application of the proper officers Of
the bank, issue an order ON the treasurer oI
state therefor, and deliver the same to the
register, specifying in such order the amount
OF each denomination Of unregistered notes,
TO be delivered TO the register; and on the
@sssentation OF such order and ascertaiHing
from the accounts in his Office that the bank
ing company is entitled to the ssme the trea-
,surer ofstate shall deliver the notes specified
fn such order to the register, who shall forth.
with register and deliver the same TO the a
gent Of the banking company, and make an
account thereof; bat such notes shall not be
registered or delivered unless it Shall appear
from the accounts iR the registers office that
the bank is entitled thereto.
i Sec. 5. Whenever banking company
! shall return any ofits circulating notes TO be
burnt, the same shall be burned to ashes by
the treasurer of state, in the presence of the
scomptrollor Of the treasury aud the agent OF
Ashe bank, and four certificates thereof be
made and signed by the treasurer, comptrol-
sler and agent Of the bank, apecifyiag the
mount OF each denomination ofnotes so bur-
dBned to ashes; one copy of which certificate
u,shall be delivered TO the agent OF the bank,
and one each to the treasurer, comptroller
7ssnd register.
Sec. i. The anditor of state shall appoint
|ussome suitable person as clerk in his office,
tiwho shall be styled the register, and be un
,saer the supervision and control OF the audi
81 or. The register shall withont delay make
Ind keep in his o!bcs accurate accounts OF all
certificates Of debt now deposited, and that
ssuay hereafter be deposited with the treasury
security Tor the redemption OF circulating
notes Of banking companies; he shall also
Aaak' and keep an accurate account OF the a.
nount OF ecch denomination Of the notes o
Il sch banking company, delivered to such
bank, and OF the amount returned and bura-
Rd, SO as to show The balance Of notes charge.
pblc to such bank; and he shell also keep ac-
counts OF all notes hereafter registered and
kelyered to each bank, and notes returned to