The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1859-08-11
L A w S OF OH 10
PUBLISHED BY AUTHORITY.
AN ACT

l. >,
fhs State of Ohio, That tho certificates OF The iunueI
debt of this state and Of the United States, required
TO be deposited with and transferred to the resse'
of sate ns security for the redemption NJ the crcun-
ting notes of independent banking companies. agree
ably 20 the provisions of the act \"
bank of Ohio and other banking comphnies passed
February a. lSi6, aud the cotheates OF the iunucu
dobt of This state Of the United states and OF othcT
states required he transferred TO the auditor OF
state security for the redemption OF the cIrcuaunB
rotes Of banking companies ngrecAb 70 Tue provisions
of tho act to authorize free banking, passed. March III,
1851 and of the act suprlementar! 20 the ast men
toned act, passed April H. 1906, shall hereafter De
deposited with the treasure az state, ann pe caIeiuI
preserved by him In the state treasury ana all Oi tut
certificates shall have heretofore boon transferred
10 the auditor Of state shall he by him deposited WIN
the treasurer of state, and be carefully prcerVsu ny
him Ia the state treasury All such certihcntos, 40
deposited shall he transferable at any agency omce
Of this state of the United Stacso o' any other state
shall be ranserro aud made payable to "the ronsu-
rer of the state of Ohio aud the comptroller OF the
treasury of the state oI Ohio for the use OF manning
the ia, tculnr banking company owning or ueposunB
the sane) aud such certificates so deposited shal ne
subject 60 sale and transfer upon the written authority
uf the treasurer Of state the comptroller oihe treas
ury aud Of the president cashier OF the particular
lankipp company owning or dcpositiDg the same ana
rot otherwise cAtcrss herciuNftcrproTded aud all OF
such certificates deposited ms shal he payaDle 10
any person persons, corporation or bankB compn-
ny or order assigns or boarer or ~ snail DC tans
ferrable b, delivery, shall by special endorsement
thereon, be assigned to tho treasurer ana comp
treler for the of the banking compnny owning or
dcnOxitlnU the same IN mnnncT ulOItahiu' HuNh
certificates shall be assigned aud deposited anu
such as have heretofore been deposited shall he trans
ferrable by endorsement of the treasurer aud comp
trolcr by special indOrsoment 10 the banking COM
pany owning doposiunR tho same or to such person
or persons company or COrpOrauOn, hs the plesucnt
or cashier Of the proper banking company owning or
dcpositing such certificates shall be ouiitcd thereto
agrocably tn tho provisions OF the net under which
the banking shall have been organized.
Sec z 1t shall be the duty OF the treasurer of state
and of the comptroller Of the treasury forthwith 20
Ia anAt nall for In
parents accurate accounts OF all certificates oi debt
so deposited aforesaid und of all certificates here
after deposited security for the redemption OF cir
cuuting notes of banking companies aud the tteasu.
rer shall forthwith inform tho register of the bank do
partent of the certificates that have heretofore boen
and that may hereafter he deposed; and II shall bo
the duty OF the register to keep accurate accounts
thereof and such accounts ns also all other accounts
pertaining to banking companes shall, at reasonable
times he open TO tho inspection and examination OF
any oicor agent OF any OF said banking companies;
of the governor auditor of state treasurer comprol
er, and attorney general, or citheroi them or any
commissioners appointed by the governor Tor that pur
nose, aud of any committee Of the general assembly,
either brasch thereof thcrcunto authorized
luton.
Sec y Whenever any banking company shall de-
sire have my plate or plates Tor circulating notes
engraved uny blank circulating notes printed and
shall notify the comptroller thereof IN writing,
the comptroller shall issue order to the treasurer
of state to cause the same to bc engraved or
printed specifying particularly III tho order tho de-
nominations and the treasurer of state shall strictly
observe such ordtr in causing such engraving and
printing TO be done; and upon the delivery to the
treasurer of any blank printed circulating notes tho
treasurer shall notify the comptroller and register
thereof aud they in the presence OF the treasurer
shall carefully examine the same, and make an account
thereof IN their respective departments.
Sec. 4, When banking company shall he entitled
80 receive any gstcrcd notes. the comptroller Of tho
treasury shall, the written application OF tho prop
officers Of the bank issue an order on tho treasurer OF
state therefor and deliver the Same to tho register
specifying in such order the amount of each dononli
nation OF unregistered notes TO bo delivered TO the
register and tho presentation of such order and as
cerainig from the account, In his Office that tho bank
Jug company is entitled TO tho same, the treasurer of
state shall deliver the specified In such order to
the register who shall forthwith register and deliver
the same to the agent OF the banking company, and
make IN account thereof but such notes shall not bc
registered delivered unless II shall appear from the
accounts in the registers office that the bnnk Is entitled
thereto.
See. 5. Whenever banking company shall return
nuy of its circulating TO be burnt the same shall
bo burned to ashes by the treasurer of state, in
the presence of the comptroller of tho treasury
and the agent OF the hank. and four eertih-
Gates thereof be made nnd signed W the treasurer
comptroller and agent of the bank, specifying the
amount OF each denomination of notes so burned to
ashes; copy Of which certificate shall be delivered
tho agent the bunk and each to the treasurer
comptroller and register.
Sec G. The auditor OF state shall appoint some
suitable person clerk In his Office, who shall be
styled register, Rnd be under the supervision aud con-
troll of the auditor The regiser sRll without delay
make and keep in his Office accurate accounts of all
certificates of debt now deposited and that may here
after be deposited with the treasurer as security for
the redemption of circulating notes of banking com
panies; he shall also make and keep account ol
the amount OF each denomination of the notes of each
banking company delivered to such bank and of the
amount returned aud burned so Ms to show the bal
nnce OF notes chargeabe TO such bank; aud he shall
also keep accurate accounts ot all notes hereafter
registered and delivered to each bank, and notes
turned to be burnt 50 as at all times TO exhibit the
amount OF each denomination OF egiscred note
delivered to each banking company, and tho amount
thereof returned.
Sec Z Whenever IL scall he necessary 10 sell an,
of the certificates of funded debt deposited afore
said for the redemption of the notes ot failing bank
the auditor, treasurer and comptroller shall mako
order the treasurer sell such certificate and
tifcates and at such time aud times, place nnd places
may he necessary To redeem the outstanding circu
latng notes of such bank, the may hc presen-
ted for redemption andproduce tue largest sum that
may he obtained for such certificates. and when II
shall have been determined to make such sale, the
comptroller shall issue order TO the treasurer spoci
flying what certificates shalt be suld and the time and
times. place and places Of selling the same aud N
making such sale the treasurer shall he governed bl
the provisions of the uder which such bank shal
have been organized, except MS provided by this act
When any such sale shall bc made the treasurer shal
forthwith report the same and the amount Gt none,
thence arising, to the comptroller aud the auditor
who shall cause the account thereof TO he made Ia
their respective departments, aud the treasurer shal
he charged with the money as redemption fund.- ant
all payments made by the treasurer tor the redemp
uon OF the notes of u bank, shall be upona Warrant
of the auditor, in other eases; all notes presencC
for redemption the treasury, shall be burned ash
by the treasurer in the presence ot the Cumptrue
and register and certificates of such burning Signct
by the treasurer comptroller and register shall b,
made, an account thereof kept as in other cases.
Sec. =. lrany banking company shall fail To trans
fer, aud keep deposited with the treasurer OF sat
the amount OF securities for the redemption of cro
lating notes required be deposited by the act unde
which such banking company shall have been organ
ized or shat! fail To make the quarterly returns OF tbs
condition of the bank or 10 keep ON hand the amnun
of coin ard its equiyoaut required by the 0lore
said; or itany other violation of any OF the provisions
Of the act under which such banking company may b.
organized shall come to his knowledge, the auditor
state shall forthwith notify the attorney general there
Of and the attorney general shall hefeupon, aud als
for any such violation that may otherwise come &
his knowledge proceed by quo-warrany in the prOp
sr court against such banking company as for tor
feiture of The corporate franchises thereof
90 L IL 49,. L.I.A-.t AnAl laAAr.An .Af