M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1859-06-16
NO. Al.

The same, IN mlnneT Aforesaid; aud such GER
;fcates as shall be so assigned and deposi-
ted, and such as have heretofore been deposi.
ted shall be transferable by Endorsement of
tha treasurer and comptroller, by special in
dorsemeni, to the banking company owaing
or depositing the same, or to such person or
persons, company or corporation, as the pres
ident OF casAierol thepi9pef banking COM
'pany shall authorlze in Writing onil not 9th,
ewse, except as hereinafter provided; bat
no such transfer or assignment shall be made
unless the banking company owaing or de-
posting such certificates, shall be entitled
thereto, ogreeaby to the provisions Of the
act snder which the banking company shall
nave been organized.
See. 2. Il shall be the duty Of the teasur-
er of state, and of the comptroller of the
treasury. forthwith to mike. and thereafter
to keep in their respective departments, ac-
cuute accounts of all certfcltei Of debt 50
deposited as aforesaid, and of all certificates
hereafter deposited as security for the re-
dsmption Of circulating notes Of banking
companies anl the treasurer shall forthwith
inform the register Of the bank department
Of the certificates that have heretofore been,
and that may hereafter be deposited; and it
shall be the duty OF the register 70 keep &C.
curate accounts thereof; aud slCh accounts,
as also all other accounts pertaining to bank
ing companies, shall, atalI reasonable times,
be open to the inspection end examination
Of any officer or agent OF any Of said bank
ing companies; OF the governor, auditor OF
state, treasurer, comptroller, and attorney
general, CT either of them, or any com mis-
soner appointed By the governor for that
purpose, and Of any committee of the gcner-
. al assembly, or either branch thereof, there
unto authorized by resolution.
Sec. g. Whenever any banking company
sholl desire to have any plate or plates for
circulating notes engraved, or any blank cir
culating notes printed, and shall noufy the
comptroller thereof in wiring, the comp
troIer shall issue an orler to the treasurer Of
state to cause the same to be engraved or
printed, specifying particularly in the order
the denomination or denominations of the
plate or plates TO be engraved; or the several
denominations Of the blank notes 10 be print
ed, with the amount Of each denomination;
and the treasurer OF state shall strictly o5.
serve such order in causing such engraving
and printing TO be done; and upon tie de-
livery to the treasurer of any blank printed
circulating notes. the treasurer shall notify
I Tie comptroller and register thereof, and they
in the presence of the treasurer, shall care
fully examine the same, and make an account
thereof in their respective departments
Sec 4. When a banking company shall
be entitled to receive any registered notes,
the comptroller Of the treasury shall, on the
written application of the proper officers of
the bunk, issue an Order on the treasurer of
state therefor, and deliver the same tU the
register, specifying in such order the amount
OF each denomination o! unregistered notes,
to be delivered 10 the register; and on the pre-
: seniaton olsuch order, and ascartaining from
the accounts in his Office that the banking
company is entitled to the same, the treasur-
er olslate shall deliver the noles specified in
such order 10 the register, who shalt forth
with register and deliver The same to the agent
OF the blnking company, and make an ac-
count thereof; but such notes shall not bo
registered or deliyeICd unless il shall appear
from the accounts in the register Office that
tie bank is entitled thereto.
Sec, 3. Whenever banking company
shall return any fits circulating notes to DC
burnt the same shall be burned to ashes by
comptroller Of The treasury and the agent of
the bank, and four certificates thereof be
made and signed by the treasurer, cCmptrol-
Ter and agent Of the bank, specifying the
amount OF each denomination of notes so
burned to ashes; one copy OF which cerIili
cate shall be delivered 10 the agent OF the
bauk, and one each to the treasurer, comp
troler and register.
Sec. 6. The auditor oil State shall Op-
point some suitable person as clerk in his
Office, who shall BE- styled the register, and be
under the supervision and conuOl of the au-
dtor. The register shall, without delay,
make and keep in his Office accurate accounts
4, Ofail certificates ol debt now deposited, and
, tia; may hereafter be deposited with the
treasury as security for the redemption OF cir
culaliug notes ofbInking companies; he shall
, also make and keep an account Of the amount
Of each denomination OF the notes of each
banking cUmptay, delivered TO such bank
and OF the amount returned aud burned, so as
, 10 show the balance OF notes chargeable to
such bank; and he shall aso keep accurate
accounts of all notes hereafter registered and
I delivered to each bank, and notes retumedlo
be burnt, so as at all times to exhibit the true
, amount OF each denomination of registered
notes delivered to each banking company,
and the amount thereof returned.
Sec. T. Whenever it shall be necessary
to sell any Of the certificates of funded debt
, so deposited as aforesaid, for the redemption
Of The notes Of a failing bank, the auditor,
treasurer aud comptroller shall make an or!
, deron the treasurer to sell such certificate and
certificates and at such time and times, place
aud places, as may be necessary to redeem
the outstanding circulating notes Of such
bank, as ths same may be presented for re-
'demption and produce the largest sum that
NAV be obtained for such certificates; and
, when it shall have been determined TO make
such sale, the comptroller shall issue an OF
der to the treasurer specifying what ceTtif-
Gates shall be sold, and the time and times,
place and places Of selling the same; and III
making such sl the treasurer shall be gov
emed by the prov sions of the act uGder
+ which such bank shall have been organized,
except 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, 10 the comptroller aud
the auditor, who shall cause an account there
/. of to be made in their respective departments,
and the treasurer shall he charged with the
money as a redemption fund, and all paT-
ments made by the treasurer Tor the redemP-