The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1859-07-22


upon the delivery 10 the Treasurer OF any
blank printed circulating notes, the Treas
uter shall notify the Comptroller and Regis.
Ter thereof, and they, in the presence Of the
Treasurer, shall carefully examine the same,
and make an sccoun. thereof in their re.
spective departments.
Sac. 4. When banking company shall
be entitled 10 receive any registered notes,
the Comptroller Of the Treasury shall, on
! be D'i''an annlication Of the proper officers
of the bank, issue an Oiuet =" :, -r.a,snrs,
of Stat. therefor, and deliver the same 70
the Register, specifying In such order the
amount OF each denomination OF unreglsier.
ed notes, 10 be delivered 10 the Register I:
and on the presentation Of such order, and
sscertoining from the accounts IN his once
that the banking company Is entitled to the
snme. the Treasurer OF State shall deliver
the notes specified in such order, to the Re.
gister, who shall forthwith register and de
liver the same 10 the agent OF the banking
company, and make on account thereof: but
such notes shall not be registered or deliver.
ed unless 1t shall appear from the accounts
in the Registtrs Office that the bank is ent-
tied thereto.
Src. 5. Whenever o banking company
shall return anyof its circulating notes to be
burnt, the same shall be burned to ashes by
The Treasurer OF State, in the presence ofth
Comptroller of the Treasury and the Agent
OF the bank, and four certificates thereof be
made and signed by the Treasurer, Comp.
troller, and Agen; Of the bank, specifying
the amount Of each denomination OF notes so
burned to ashes; one copy OF which certif
cate shall be delivered to the Agent of the
bank, and one each TO the Treasurer, Comp.
troller, and Register.
Sac. 6. The Auditor OF State shall ap.
point some suitable person as Clerk in his
Office, who shall be styled the Register, and
be under the supervision aud control Of the
Auditor. The Register shall, without de.
lay, make and keep in his Office accurate ac.
counts OF all oerti fcates OF debt now depos
tied, and that may hereafter be deposited
with the Treasurer MS security for the re
demption Of circulating notes of banking
companies; he shall also make and keep an
oct cunt o the amount Of each denomination
OF the notes OF each banking company, de.
llvefed TO such bank, and OF the amount re
turned and burned, so rs 10 show the bal.
Ance OF notes ch1rgeable TO such bank; and
he shall also keep accurate nc counts Of all
notes hereafter registered aud delivered to
each bank, and notes returned To be burnt,
so MS ut oil times to exhibit the true amount
Of each denomination OF registered notes
delivered to ach banking company, and the
amount thereof returned.
Ssc. 7. Whenever il shall he necessary
TO sell any OF the certificates Of the funded
debt so deposited, as aforesaid, for the re-.
demptlon OF the notes Of failing bank, the
Treasurer, and Comptroller shall
make an order On the Treasurer TO sell such
certificate or certificates, and at such time
and times, place and places. as may be ne
cesSary TO reheem the outstanding clrcu-
lating notes OF such bank, as the same may
be presented for redemption, and produce
the largest sum that may oe obtained fOI
such cert fcates; and when 1t shall have
been determined TO make such sale. the
Comptroller shall issue an order 10 the
Treasurer specifying what certi ifcateS shall
be sold, and the time and times, place and
places OF selling the sa {; and in making
such sale the Treasurer shall be governed 10y
the provisions Of the act under which such
bank shall have been organized, TX ept as
provided by this act. When any such sale
shall be made, the Treasurer shall forthwith
report the same and the amount OF money
thence arising, to the Comptroller and the
Auditor, who shall cause an account thereof
10 be made IN their respective departments;
and The Treasurer shall he charged win the
money rs a redemption fund: and all pay.
msnts made hythe Treasurer for the redemp.
tion Of .he notes OF n bank, shall be upon
the warrant Of the Auditor, as IN other cases /;
ali notes presented for redemption a; the
treasury, shall be burnel to ashes by the
Treasurer in the presence OF the COmptrol
Ter and Register. and certificates Of such
burning. signed by the Treasurer, Comp.
troller, and Register, shall he made, and ac
count t. thereof EasfPit, as n other cases. ,
fail to transfer, and keep depos iteT WIN ne
Treasurer Of STATE. the amount OF securities
for the redemption Of circulating notes, fe.
quired 10 he deposited by the act und,
which such banking company shall have
been org1nlzeh, or shall fail 10 mike the
quarterly returns Of the condition Of the
bank, or to keep on hand the nmnnn. Of
coin and ITS equivalent, required by the act
aforesaid, or # any other violation of any OF
the provisions Of the act under winch such
banking company may be organ z-i, shall
come to his Enowledge, the Auditor of State
shall forthwith notify the Attorney General
thereof; ard the Attorney. General shall
thereupOn. and also for any such violations
that may otherwise come to his knowledge,
proceed by quo.warranto in the proper
Court, against any such banking company,
rs for forfeiture OF the corporate franchises
thereof.
SEc. 9. 1.-THE Auditor or State, Treasrr-
er OF State, or Comptroller OF the Treasury.
or any Clerk IN either Of their Iic-s. shall
Knowingly and purposely. and with intent
thereby 10 cheat or deffauh any person OIL
persons, or body corporate, use or otherw Sc
dispose OF any Of the securities deposited by
eay banking company, as aforesaid, o any oi
the circulating notes of any bnnk king com
pany, whether the same be registered or an.
registered. and which may have come into
his possession or under his control for a
OF the purposes named IN this act or IN the
several acts mentioned in the FIRST section O
this act, he shall be deemed and held suilty
OF embezzement, and prosecuted by indlct
m"nt in any Court having jurisdiction OF the
onenSe, and upon conviction thereof Shall
suffer the same punishment or penalty az is
or may be provided by law for the punish
ment OF persons guilty OF the embezz emenl
of the proper securities and moneys OF the
state; and in all prosecutions for embezzle
ment under the provisions of this act, the
securities and the notes Aforesaid, whether
registered or unregistered. shall be deemed
and held to be OF the value denominated on
the face thereof.
Sac. 10. Sections seven. eight, and nine
OF the act entitled can act TO further pro
vide for the better regulation, and rece pt,
disbursement. and sale keeping OF the pub.
lie revenue" passed April -, 1853, are
hereby repealed; provided, that the repeal
thereof shall not effect the existing rights OF
liabilities, civil or criminal, of any person
or persons, arising under the sections so re-
pealed.
SEC. H.. This act shall take effect on it,
passage.
WILLIAM b. WOODS,
Speaker OF the House OF Representatives
MARTIN WELKER,
President nj the Senate
April S, 1859.
SECRErARY OF STATES 0FrIcE,
CoLuMBuS, ONO,