The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1859-08-25

Wv" "oHhf auu NOLe8 returned TO De
burnt so as at all times TO exhibit the
true amount Of each denomination of
registered notes delivered to each bank
ing company, and the amount thereof
returned
Section 2. Whenever It shall be ne.
oessary TO sell any of the certificates Of
funded debt so deposited as aforesaid.
for the redemption Of the notes Of q
falling bank, the auditor, treasurer and
comptroller shall make an order on the
treasurer to sell such certificate and GER
titcates and 40 such time and times,
place and places, as may be necessary
to redeem the outstanding circulating
notes Of such bank, as the same may be
presented for redemption. and produce
the largest sum that may be obtained
for such certificates; and when IL shall
have been determined 20 make such sale.
The comptroller shall issue an order TO
the treasurer specifying what certificates
shall be sold, and the time and times,
place and places Of selling the same;
and In making such sale the treasurer
shall be governed by the provisions Of
the act under which such bank shall
have been organized except as prorid-
ed, by this act, When any such sale
shall be made, the treasurer shall forth
with report the same and the amount Of
money thence arising, TO the comptrol-
Ter and the auditor, who shall cause an
account thereof TO be made In their re-
spective departments, and the treasurer
shall be charged with the money as a
redemption fund, and all payments made
by the treasurer for the redemption of
the notes Of bank, shall be upon the
warrant of the auditor, as In other cases;
all notes, presented for redemption at
the treasury, shall be burned to ashes
by the treasurer in the presence Of the
comptroller and register, and certificates
Of such burning, signed by the treas
urer, comptroller and register, shall be
made, and account thereof kept, as in
other cases.
Section s. IF any banking company
shall fail to transfer, and keep deposited
with the treasurer Of State the amount
Of securities for the redemption Of circu-
Iating notes required to be deposited by
the act under which such banking com
pany shall have been organized; or shall
fail to make the quarterly returns of
the condition Of the bank, or to keep
on hand the amount of coin and its
equivalent, required by the act afore-
said; or if any other violation Of any of
the provisions Of the act under which
such banking company may be organ
lied shall come to his knowledge, the
auditor Of State shall forthwith notify
the attorney general thereof and tie
attorney general shall thereupon, and
also for any such violations that other
wise come to his knowledge proceed bv
quo-warranto in theproper court, against
such banking cOmpony, as for forfeit
uro OF the corporate franchises thereof.
Section 9, If the auditor Of State,
treasurer Of State, or comptroller of the
treasury, or any clerk in either of their
Offices shall knowingly aud purposey,
and with intent thereby to cheat or de-
fraud any person or persons, or body
corporate, use or otherwise dispose of
any Of the securities deposited by any
banking company as aforesaid, or any
of the circulating notes of any bank
ing company, whether the same be re-
gstered or unregistered, and which may
have come into his possession or under
his control for any Of the purposes nam
ed in this act, or in the several acts men
toned in the first section of this act, he
shall be deemed and held guilty of en-
bezElement, and prosecuted by indict-
ment in any court having jurisdiction
Of the offence, and upon conviction
thereof shall suffer the same punish
ment or penalty as is or may be provi-
ded by law for the punishment Of per-
sons guilty Of the embezzlement of the
proper securities and moneys of the
State; and in all prosecutions for embez-
clement 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
deuominated on the face thereof
Section 10. Sections seven, eight and
nine of the act, entitled "au act to fur
ther provide for the better regulation,
and receipt disbursement, and safe
keeping of the public revenue, passed
April II, 1858, are hereby repealed:
provided, that the repeal thereof shall
not affect the existing rights or liabili-
ties, civil or criminal, of any person Or
persons, arising under the sections so
repealed
Section II, This act shall take Of
feet on it's passage,
WILLIAM B. WOODS.
Speaker ofthe House of Representatives.
MARTIN WELKER,
President.of the Senate.
April 8, 1859.
mo 1875. AN ACT
To amend Sections Six C6) Fifteen C15)
Twenty Five (25,l aud Twenty-Seven
(pT y of tho oat oUfiflo1 1 v ,ot O., p,,-