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sblishedevery Thurtda jr morniny in the old
Masonic Hall, second story of the brici build ng wettof 3. VaQausdal fc Co't.ttore, jlaio Street, Eaton,Ohio,at thefoilowingraies ! . . , 9L;fiO petspnum, ia advance.. L': 2oo: if not rai.I with! t he' jtaf, hr ".'30flf tho haa expired; . ; tTTtieje rates will bar igtdly eifarcidV; , Nu paptt j'noon'tinue J nntil al larrearagefara paidAnteaaattheoptionerthtpubliher.'-1 tr" oaemmunicotion inserted, unlesiao-J companied bj a resDonsiblenarrie;''' ." LAWS OF OHIO! PUBLISHED BY AUTHORITY. AN ACT Bauk of Ohio 10 inooporaia and. other ; Hitbl) f tie State f OAifhat K.aholl be - mdwiu! tor nniurai tnttivuiual persotia.not lewer fii number in nyv esse thti five,' to associate -Hud form companies for lje purpose of ooirring the business' of bnrtbini, each at such ulace kill this State biahairbe designated in its article !uf association, and in tha certificaie btreafier atiluireJ to be made, tubieqi, hofteer, to the coutineencaes. relrictioii, coii'Jiiiuiis, and liu ' Ifililiet prescribed i it litis act. , j, . . Sbotiom 3..Ti'crrjr, into effect the i pro- iionioi iii;caot, Wm. w,. ticarboroiiti, of . Cincinnati,' Prankliii T.-Backus,' of Clerei . yii-uu; ' - whib, v bi ric, FiniK .of lumhus, and Samuel Fqrrer, of Daythii, shall be, and They r.re heftby appoiu- led O'jiiimissioner.", and. their,' of a. niajority of ' UlerrVaheT taking an oath iilij,'intly,. faithfully - aiiU impartially lo p'vrfirm.'ibe. duLies assigned them by iliia.aqt,.a certificaio of hiih oath ,linl ..b led and carelully. pre(iivel.in- the nmia nrihuhil.411 ..I Oi.i "i " J VI UIIIIV, 9IIHI I .VHJM t4 It 1 llUJinl.. Ill i.tt. klBlinMla-fl tli .ltirjf t( hnt.tr -commisatimerii,1' winch board shs II con'lnue Un " III l he ottianizalioii of the1 BAiih of Ohio." as ; hereinafter pmeiiled for, and therenflerthedii ties which tliey are re.(iir(;il So perform by this . net, in the' organization-' of brunches of Die , Dank of Ohio, shall Ik perfoimed b) so ij bonk, ' -and the duties in Hie prgnnizniion a' itidepch deHlJiauks .which they are required by Uiu act lo perforin, shall devolve on and be per-, furmeil by the Addi!orr Treasurer, nri'l Secret tary of Siiite, who iliall be commissioners to 1 perform such duties, aril if any of said com missioners shall r-rfuse to erve, shall die or re rifrt, his place shall be filled by the eeneral Aemb!y, by Joint, resolution, if,; in sea'siuu, mi if nol,' by the goveriiur. . " .., s Skction S. , S'jU Commifsionerf aboil meet in Uie cny of Columbus, at such tiunv witliin Ibiny tiayaafler the secrm! Tuesday of Oclo-Ur-next, as shall be appointed by the governor, ". who shut) notify each member of his appoint- inani, and of the time and place of luretiug; they shallt'wherr met, ; apponrt one' tif their number to ha their liresidetit. xrUn ah.itl. 'Uit der the order ei the hontd, sitin all offtfiiil ifoo umyilU; and they slnll cause a fair and true lecorit of H :iheir official proceeding to-be " Kept. ill a book lo be jirovuied for Unit purpose ' ' "SKCTtos'4.. Per.soiis sociiiliiii lo form I bnnklnill, ur.tler their bands ail seals', muke a vitihi:ii:e, winch ahull spacifr, ." ,. PiMl The name, assumed by aitch bank. and bt witich it shall be known in its dealings, - in' whiuli nnine shall be included Hie name ol - "Hie ciiy, village nrlown in which' i!s banking . optiaJioiMf sliall be Cimied nut ' - . vvii ' t'l. ..r tt. . ...:i..i .it. . aucii uaiiK, a oil lite number of shares ulo ;hMH the Mroe ia.dmded$ , - y ' and the number of shares held by each meiube r. i, Fowrili -Tito lime when such company shall .fjare DtreU lorineiir ' . , . : Ki(ihThal such company has elected to . earry or. its operailnns as an indefietiiterit bank, or, as a .'branch of tlie Bank of Ohio," 8 Ihecne mny be,- whicii certificate shall ) ackiinwleilg(j before a justice of the peace 0' notary public, audhnll be recorded by the re 'eorder of the county where such bank is to be mlablihed, in a book to be kept by him for fhllt 1nfl.ri'. u liirsh rialtiBl All fimus itiirim, - , ofnee hours h kept open for the inspection of antrerseu Wishnur (o iinminn IhM tainf ; one C.nllV ,lf htffl JA,liriiAfM flilvtA,liri,f .. shrill , " be transmitted to 'the SerJretnry 'of State, who ahail record anil carefully preserve Ibe same in iita oUice, and .another lo Ahu board of. bank Comuilssiontri,. , . . ' -. . . Mi.viiyi , iif I'viMpiiiiy kul uc )CIIII11ICU ('.. . T . II I . n.l to commence or canyon the business ol ban it ing under lhwactasa branch. -of the bank of '' "Ohio, on less jis enpilal s.lock shall be at leas . . one hundred lhousaiul dollars, jwr shall, the ' 'Cumtftl stok of antf cnr.h liritnfth. nvnr hn .In. created lo exceed four hundred thousand lol larsexcept a specially provided for in this "' act,' No independent bank shall be organized .11.:. ... . ' ;." I II ,.Mm;i mis lean vnjilllil lliui. iii.j . ; ibougaud uollars; nor shall the capital slock ,o( any micu dank ever be lucreased to any - ' sum exceeding two hundred thousand uullnra, ;'. except as specially provided for in this act, At - 'least filly percent of the capiial stock of eaoh "company shall be paid in cold and silver coin. . or their equivalentione half of which fifty per .- crni el least, shall be. in goiu ana silver coin, - - and shall be in the aclua! pussessiou and bona v fi'le the properly of the company at the tune : of the comiiieiicemeiit of its banking business, and at the place designated for carrying on , anvil pttiiic&3, aituue rf?iuaiHuec ut mo vpi . 'lal atock of such bank lhall be paid in, in in ' Hiiallmeiits. each or at least ten Iter cent on the whole amount of the capital subscribed, . - frenuently as once iu every lour successive mouths, from the time of commencing business until', he whole amount of such capinl shall 1.- ' . n f rV .1 l to is iu up. - rrovmeu, mat me utrcciora ui me taun ol Ohio may extend tha timelor the pay. ' ' men: of such deferred installmenit.or auy port . )( them, to the bianch banks, when satisfied ' that the' public Interest does not require thein 1 ,': 4 fx h noiil mo frortuaatiH u at ahftttif nmviilMil tnt- . and the aovernor may craat lo the independent : , 8kctoj Bf lfany tttarrhoMaa orhia aiguee man laii m pay any nmainnem on n . . kc wuen me same snail ue reauneu to, fiaid-, ihe directors may sell said stock at pub ic auction having given three weeks , prevV cua notice ihereol, in a newspaper published 'in Ihe county where the ba k it located, m:ft W ' nitrllit, L It I - u 'tl,u LI.U.I h,!nu therefor, not less than (lie amount due thereonj . and the exce.s, if anyafter pay 1115 the expen ' ats of tha sale, shall be refunded lo the delln- queni atockho der. ' If no bidder can be found ' . wfr Uill n' ' fk aiinh mxitXi ikn oi thereon to the bank, and cosu of adveUsemeni - 'Vuupvii;, mr Biiiuwmr nc iuuuij paiu anon v forfeited to tha bank and such atoc may ... ubiequeutly told in aueh maither as the ill .... rectors may order.- ; . ,.l'-'r;:M'-?- vv?v' 'v.--' Sbctios 7.. ' Tbei board of bohk eormnirsion ' ' enshall examine the cerlificaies of tha forma- .'r- tion of banks, transmitted to thfirq a required , hu 4I, fiiiirlh tnlwin of llii aot. mlJ Bhatl. - one of their own member or other special .:- agent apoointeu Dy.them lor tuar purpose, wno -1.11 . v. ....LL.it.. ; ..u . r . 1. .. l...i. eoaii not ue m aiuuKiioiucs in aur u wic uqim, - f. ..! tk.W Ma, &mrfLA.liatall, nmrpri ,; exnptine the condition of each- of the banks " which shall have transmitled to.said board V, reouired cprlifii alu: unit itaha'li be the esneCinl -duty of such "agent to carefully; oouut or oth'ei-,-wise nsctfain the auroupt of money paijl iuon . .account ol its capiat! stock,, to ancvriaiu name and place of residence of :ich ol Mie ni- ' ' . leciois ol such bfeiik, and that, their stockhot their stockhol l .'.-.' ii ' ! If I , t ... it .1 "('.- ,;, ''- "X t,i -.-li .1 .' 0 - IM i' 'K) . V . A . ' . r -' -:" ' V.-. . . ... ,"..',. li't'JX ' j I, TcaIess and iFrce.'',: a . ' A. ' : ' . jv. : $1,5 Op e r Annun! 1 n Advance . BUM, U.UyUAiJU. ;;;E:VT0N .PREBLE, COUSTI . 0. MAY 15, 13.56. Vol, 12 No. 47. 1 1 - I 1 ; ' II I ill JH I V, f'TN 'J- " . 1,1 I 1 C ! I Rl I I'. '17 III 1 IB III 1 c . s: uc to IMC be v'" hv In the the deri directors and fifEcers nre men of 'respon sibility and iiilerity, and entitled totlie public confidence, and the amount of capital itockof which each is the bona fide owners whether such bank has compiled with all Ihe require ments of this act necessary to entitle the bank to engage "inlhe uusiness oroanktng, and shall cause to be made and attested by the oath of a majority of the drreclors, and by tha cashier of such bank, a' statement ol-ail.. the mateiial facts' necessary lo enable the board of hank commissioners to determine whether such bank ts .lawfully entitled to aommence tne business of banking under the provisions of this act, and such agent Khali immediately report to the board or bank commi'sionerx stmli statement and his proceedings in Ihe premises. Suction . 11, upon a cnretul exaurnation of the certificates of association, and the . re ports and statements, of Hie special agents ap pointed to ascertain .whether tha bauk so or ganized have complied with .ilia provisions of 1 11 is aoi, 11 snail appear mat any ancn oanKs have beirn formed, and that their stockholders. directors and officers are men of responsibility anil integrity, anil entitled topubhc confidence, and thai such banks or any of them are law ftrliy entitletl to commsnce' ihe business of banking trie commiisiom-rs shall certify' the same lo the governor, who-Mi.iU, if he be sat isfied that the ' law has In all resneiMs been complied with, irsue bis proclamation, setting torth mat suet uanks are autrioriited to com mpuce cud carry . on hanking, tn the places severally, designated 111 their cernticole of as sociation. " v, '- SrX'tio.v v. No- bank ' shall be organized under this act, as a branch of the bunk of Ohio, 111 the county of Hamilton, with 0 less capital than five hundred thousand dollars, which Inay be increased to ony sum not ex ceeding one milliou of dollars. Nor shall any independent bank be organized under this net iu said county, with a leu capital than two hundred and fifty thousand dollars which mav be increased to any sum not exceeding five hundred thousaul dollars provided that in no case where the eapttaf stock of on independ ent bank is named in thii act, shall the cerliti- cates of public debt required to be deposited uy sucn Doling wun me t reasurer n biate, be treated or regarded us any paitof such capital slock." :'-'- " ::-':'i' :.; .... Slctiok 10. ; No bunk shall be eslablinbed under thia act asa branch of the bank of Ohio, 111 the - counties, of .(uyahogs, Montgomery, rranklmor Lucas, wnn a capital les:i than hree hundred thoiisshd dollars, which may be increased ro any sum not exceeding six bun Ited thousand dollars, or shall any indepen j et.t bank be established in any pi said counties, tCith a capital of less than one' hundred, and fifty thousand dollars, which may be increased to any sum not exceeding three hundred thou saiid dollars,-.'-.' Ut - '.'' ". SKcrio.s. IU The capital stock of each bank shall ue divided into shares rf one hundred dollars each, and shall be assignable on the honks of the company; in suuh manner as its hv -laws shall prescribe, but. no shareholder sluill have power to sell or traiisftr any shore iiei'i ih ins own rigm to long as oe tiiiill De 11 ittife, eilhetas principal debtor, surety, or oth ei wise, to the eompairy, . for auv debt which MiaII be unpaid; nor 111 uch;ope shall such shnreholcerbo enli'lcd to receive anrdivi dead, interest or profit on such shares, so long as sucn liabilities shall continue, but all such dividends, interests or profits shalfbe retained by the hank and 'applied to the discharge qf such liabilities, end 110 stock shall be trans ferfed Without the consent of a majority of tht lireciors, while the hqlder Ihereol is indebled to the oomtianv. .!.. . , . ... . .- ... Skcti.cii 12.. No bank shall take, as security lor any loan or gmeount, a . lien or any part ol Us cnpiliij stock, but the same tectrritv, both in kind and amount, ahull be required of share holder as of persona not s,hore holders; and no bahk shall be- the holder or purchaser of any portion of its capitol stock", or of the capital aiocn ui nny oiner nicorporaieii coinpani un less such purchase shall bo necessaiv. to pre vent' loss upon a. debt previously cnulracled in goudjoith, pn-security which at the time was deemed sdc()ale-!o msuru the payment of siloh debt, iiuleneudent of any lien lin in siicf stock, or in case. of forfeitures nf stock for the nou-paymeirt of iiMiinllmeiils -due thereon, s provnleft" 111 tlie fixth section: and stock so pur Chnsbd shalHli no case be held by the bank so purchasing jin a longer perud of time than'six months, ',!( the some ca'u be sold for what the stock cost, or at par. , ' . Section .13. In . all elections of directors. and in deciding all .'qiiesltons at. intelings ol uie siocKiioliiers, eaoli.nliare shall' eutule Ihe owner theteof one. vote; stockholders may vole by prixh.t uuiy atiiiiotijied nt writing, but no Officer, eltrk, teller of book-keeperof the bank shall oct as proxy; aiit fn stockholder whose liability to jhe bank is pas', due ond unpaid snail oe nnoweu to voie.x . ' ,. , , SKcno.t 14. , Tba-affjirs of everv bank oe gained .io carry on, the business of bunking uuuer me provisions 01 this act, shall be man aged by not less than fire nor more than nine directors. , fcvery director shall, during his whole term of service 1 be sditir.en oflhe Uni ted States and a resideot of this State." At least three fourths of the directors shall have resided in this State one year riexl previous th tneir election as director; each director f boll own in his name- end ritht at least one Pal cH-ht of tlie oapual stock of the bank up to two hundred thousand dollars, and the. half of one per cept url its capital over two Ihi mired t lion s;uia ioIiiis.Vl t he dircotorj ol eu-'li bank collectively, shall,o-n,nt least one-leiuh of its capital-stock.' '-.. hnh:illrecior shall take an oaih Dint lie .will so for- as the ditty, devolves on him, .diligently and honeslly silmi'iUier the affairs 0fihe.bTin1,' and jiot kuowjpgly violate or willingly penoit.to be violated any of the provisions of this act; that he is tlie boua fide owner, id hij 'owii right, of '.be sloQk standing in hisowq liumaoii Ihe hooks of Uie bank, and that tae same is, nol hypolhenied, or iii- auj way pledged as security, for Any loan obtained or debt awuigf wbioh onlh, su Scribed bv him self and certified by the officer before whom it is lakcn,"h.il be filed and carefully preserved in the 0 flic a of tha recorder of the county in which the blhk is located; but ho person shall be president of more, thait duo bank organized under this' act, 01 the same time. , , -( ' Sbctios IS. The directors of any bank first elected shall bold their-places until Die- first Mandarin-January next thereafter, add Until their snoeenors shall ba elected and qualified) all subsequent dleclioiisshail be held annually on ihe ftist Monday ofjaiiunty, and '.he direc tors 10 elected shall hold their ploct for; one year, nml bnifl lijeif mccessois are felected and qualified; but any director removing from the State;. ,dt ceasing lo be the owjiei of ihe requisite amount of ?,tock, sUllthereby racate. his place. Any vacancy iu the board shall be filled by oppolntuient by the remaining direc tors; the. director o-Bppninted,' shall holiV-his place Tinfil.. lha next, annual election!', and Irnm any cid'-e an. etecttoiT of directors-shall nut be made .H'the '.time. nppr)iaicid,'lhe bnnK. - jshail not f o that- cauit be dissolved, but il election may be held on any rtttbseqnenl day days notice thereof having been giveinn, newspaper ptintea tn the comity where the bahk is located. -' ' -'' -.'" ' " 1 r-'totroM tfi. Every bank authorized to carry on the business 0 banking ander the provis ions -oil 11 is sai, whether as a branch or the bank of Ohio, orasan iiidepehdent bank', slnll be held and a judged to be a body corporate, witltsuccession until the first day of May in the year one thousand eight bundled and seventy-seven, and thereafter until ItsatTairsshrdl be closed; and by its corporate name shall be competent lo contract, prosecute and defend suits sud actions of every description as fully us natural' persons, and process- against such bank may be served upon its president or cash- ler, or by leaving a copy Thereof at its usual place of business during the usual business hours, bach of said banks shall, until the first day of May, iu the yoar 011a thousand eight hundred and seventy seven, if so long it shall comply witb tho provisions ol this act,' have power Id-loan money, buy, sell and dis count bills of exchange, note, and all other written evidences of debt, except such as rt shall be prohibited by this- aet from buying, selling or discopniing; rectivo deposits; buy and sell gold and silver com and bullion; col lect and pay over money, and tr.lnsact all other business properly appertaining let bank ing, subject, however, lo the provisions and re strictions contained in this act! mav scquirc, hold and convey such real estate as may be necessary to the convenient transaction of its business, and. no more, but may, however, ac quire title to any real estate pledged to secure auy debt previously Contracted or purchased 011 an execution or order of sale, to snli.Myniiy judgement- or decree in its favor, or which shall have been conveyed to it in payment ol any previous debt, but shall not hold any real estate so acquired; longer .hau is necessary to avoid a loss of any port of Ihu iltbt, interests and costs, and collection or security of which it -was acquired, but et any tune before selling the some, upon being tendered by the Insi preceding owner, or ha legal represeptutives. such sum as shall be necessary 10 save such bank from loss of any part of the debt, interest, taxes, cost, and other necessary charges forthe Collection or security of which such real estate was aeqmred, such bank shall release to such owner, his legal representatives or assigns, an ils right, title and interest therein. bucTioN 17. - INote8 ol one dollar, twd dol lars, three dollars, live dollars, ten (bllnrs, twenty dollars, fit'y dollars, and one hundred dollars each, and no note of any o'her denom inatioil may be issued , by any bank' organized under this act; of the notes issued byunysuch bank, notmjre than ten percentof the amount shall be-in notes of one dollar each, not more than five per cent in uotes of two dollars each ; not more t-han ten per cent in notes of three dollars each; not more than twenty per cent shall be in notes of all denominations under five dollars; not more thair fifty per cent in notes of. alt denominations under leu dollars. Skctiox 18. No bank organized under this not, shall, atony time, isatie or have in cirou lationany nde, draft, billofexcbange, accep lance, certificate of deposit, or other evidence of debt Which,, from i'.s character or appear ance, shall be calculated or intended tocuou late ns raaney, othet than such notes f ctrcu latlon as are. by th.s act described, and which such bank is expressly nuthori.ed to issue lor the purpose ol being circulated as money 8KCT10.1 19. Each independent bonk shall receive ai par, et-lhe office -or banking holist of such bank, in pavmeittof debts due at such bank for notes of hand, bill.-, of exchange, or olher evidences of debt, discounted or pur chased by or belonging to such bank, the notes of circulation lstued by nny other independent bank authorized to issue such notes by this act, which shall at the lime redeem its no:es in gold and silver coin; and every branch- bank ol the ban ol UI110, shall receive ol pur ni the ofrice or banking house of such brancn iu pay meiit .or deb'S due at such bank lor notes 01 hand, bills of exchange, or. other evidences ol debt, discounted or purchased by, or belonging to, such branch bank, tht; notes ol circulation issued by any oilier brunch of the bank, of Ohio. . '.... .' -.'':--- . . . ' ' SucTio.f 20. Each bank tliflll at all times have on hand, in gold hnd silver coin, or their equivalent, one hull' nl least of which lhall be in gold am) silver coin, 1:1 lis vault, on amouui Cqual lo at least thirty per cent of tlie amount of its outstanding notes of circulation; and whenever the amount of its outstanding notes of circulation .Khali exceed ihu above named proportion, nj more of ils notes shall be paid out, or otherwiae put in circulation, by such bank, nor shall such bank increase its liabilities, by making any new loans or dis counts, other than discounting or purchasing bills of exchange, payable at sight, nor make any dividend of ils profits, until the. required proportion between its outstanding notes ol circulation, and gold aird silver coin, or their equivalent on, hand, shall be restored. AcIUjI depoiiits with any solvent bank or banker, of estsblisned credit, in the cities ol new voik, Boston, Philadelphia, r Uilliuioru. subject to be drawn against at sight, payable in -gold and silver, coin, shall be deemed equivalent to gold rind silver coin, wfiefevel these terms are used in- Ibis act. Section 21. Nik bank organixed under- Ihis Act Shall at any tune be indebted or in any way liable lisou omuiiit exceeding, if a branch of Ihe. bank ol Ohio, two 4hirdsur if an inde pendent bank, the whole amount itscapt lal stuck at such timv outually; paid in, and re maining as capital stock Undiminished by losses or ,olherwiie,, excepLon the. (ollowuig. ao-1 COIllllS-r-IIHH IS lOi.'..; c .1' .' ' .- - - First On account yfjts notes of circulation; SeConJ-i-Oii; account of moneys deposited with qr culluCtcd hysuCh hank,';.. t Third-. Od nccount; of bills vf exchange or drafts drawn seaiiot money notually oil deposit io the credit ot, or due lo such bankj , :...r .; Folirth Jiubililit : tnitl strickholdertr on aecoou.tof maoey paid in, lilt Captjal stock and dividends ihuruonf - v -,;'',-; v-vi Skctiun . No b-tnk..8h'i, eUher direcy or indirectly, pledge, hypothecate ir exchange any or ils, noleJ of ctrcu luiiint for the purpose of procuiiug money,,io bejiiid.in oft. its oapi tat'stocRpr io he tiaed in. Us ord'utaty banking, operations, or; fur Ihe. purpose of purcliasing cerflficateS of sffts-'tdck'to be depatited with ihe Treasurer of S;tje, or'.witlii tha bank of Ohio; nor shalTariy bank apply ot .purrjiil to be applipd, hypoihe'caltd or pledged, ony portion of its capital .shick to Ihe purchase of ceriifi calesqf Stnte stock, lo be deposited Willi the Treasursr of State as "Collateral- security fur (he redemption of it. nolvj' of circulation, :'- : '; Sbctios 3. . No bank sliall, iluriug the1 time it' slialr feortiinufl "s fiporatiou aO bank, withdraw or permit ao be wliiidrawn, eittief forhf of dividends, 'loaiis 10 stucklinlders, fr longer period of linle than olir months, or any filler minder, rtny portion -pf ils capital stock, sjinj if -I sses shall at any time have been sfisl8ind by any . hank', equal (0 or i ' eeeding ils undivided'profil thtii hn hun l, flndi;iiit!uds S-.' ",n :,'!-e T o liyiOfeiiU 'ever be made by any hntik, while it shall non thirty tiilMe i'.l baithlns; 'operations to an n-noun! in l It greater than it net prn' iiicnon inmi. iie- dncling tbvrefrilm its losses and b.id and sns- pended debts: and ill debls due to a hank, on tvhieli interest i past due and uup ud for n pe riod of six months, unless thesame shall le welt seenred, nd shall be in the process cf collection, shall be censidered had or subten ded debts, within the meaning of this section. Sectio.v 2-t.-' The directorsof each bank shnll, semi annually on the first M mday in May and November, declare a diviilend of so much of the net profits of the bank as lltey shall jndse expedient; anil, on each dividend dny', 1he cashier shall make a full, clear and accurate statement of the condition of the bank as tt Sim jibe on that day, after declaring the dividend, ThiCh shall be verified by 'he oath of the castief, president and a majority of the directors; anil similar statements shall also be made on 'the first Monday iu each month, in each year, which statements shall contain, - First The amount f the capital sloes aa- lunlly paid in, and (hen runuiniug, as the capital stock of the bank; Second Ihe ; amount ol the '111a or notes of the bank Iheu iu ciiculalion, fpecifying lite amount of each denemuio'.iou; Third Theetrrntest omouut m circulation ot ony time since Ihe making of the last pre vious ato'ement, as shall have uccn exhibited by the weekly statements of the cashiers, ape- cifviuir the times when the same occurred; Fourth The amount ol balances ami otuts of every kind due to the branches of the bank of Ohio, the amount due toother bunks of I lie State, and the amount due to banks nut of the Slate. ' ,"...; Fifth The amount due to depositors; Sixth Tlie nit a I amount of debts and iia bililies of every description, and the greatest amount since th making of the last prcviou statement, ipec dying ihe time when the same occurred; ? , iievenlh The. total amount of dividends de clareu on the sUUemenl: - .- . Eighth The amount of gold and silver coin and. bullion beloninu to such bank, and in possession, at the lime a- making the slate me n 1. desnMiatiuv. the amount of each; Ninth The amount subject lo be drawn at sitbt. iu cold on I silver, ihen remaining on deuosit with s dvent speoie paying banks or bankers, in the 81 lies of New York, Pbiladel- nhia. Boston and B.i llimore ; . Tenth The iini.unt then on hand, of bills or notes, issued, bv brooches of the bank of Ohio, the nmouai issued by other bonks of this State, sud the amount issued by bonks not ol Ihis State: ' ..Eleventh Thdtamount of balances due from branches of the biiuk of Ohio, the amount dae from olher books of this state, and the amount due from bonks hot of this Stale, excluding, in the latter case, deposits 111 the cities of N York. 'Philadelphia, Boston and 'Baltimore. aubieel lo siahl drafts, payable in specie; .Twelfth The'omouiit on hand, of bills bonds, notes, and other evidences of debts, discounted or purchased by the bonk, specify ing paiticularly theamuuiit ofsuapended debt Ihe amount considered bad, the amouui con Mi'ered doubtful, and the amount in suit or iudirintnli . . Thirteenth-The value of the real and per sonal property, held lor the convenience of the bunk, specifying the amount ol each; Fourteenth, The onioiint of real estoke la ken in havment of debts due the boukj Fifteenth The amount of the uudivjded nrofits of the bank: Sixteenth The total amount of the "liabili tits to he bank by the dnectors thereof, col tectively. specifying the gross amount ol such liabilities as pri cip:i I debtors, mid the gross amount 11s endorsers or sureties; Seventeenth- The tolol amount of liabili ties to the bank of the stockholders thereof collectively 'specifying the gross oinonut ol such liabilities as principal debtors-, and the gross amount, as indorsed or Burciies; which statement shall be forth with 'transmitted to the Auditor of Stale. - An abstract of everv such staleme.it Show tug the condition of the bank, shall be inline diaiely nulilishe I by the bank, iu some news paper priiilwd in the county where sucn Dans is situnted. .' ' ; Szotion S3. - The reuerol assembly shall never '"impose .any greater tax upon property employed 111 ban knit: under tins act, limn is 01 may be imposed upon the properly ot imuviti uoU. '. ' .. -Si.ctiom 25. Every hank organized under tbis act may .take, reserve, receive ond charge on aiy loan or discount made, or upon any note or bill of exchange, or oilier evidence debt, at ihe rate of six per centum peranum on th amount of any sjch not", bill ol ex change, or other evidence of debt so discount ed, and hr more; provided, however, that in terest may be reserved or takan ia advance the time of making the loan or discount, ac cording to the usual rates .of hanking, or calculated in Kuulctt's. tobies; and the knowingly taking, reserving or chorging on any debt or demand discounted or purchased by such bank, at 0 rate of interest greater than ihat allowed by 1 his section. jdull beheld and adjudged a forfeiture of such debt or de mand, but the purchase or discount of a bona fidebillof exchange, or note payable at another place timn the place of diicli purchase or dis count, and the taking rr reserving of iiilerest Iheteonat ihe rate aforesaid,, from Ihe lime of such purcha.se or discount, until thcinatu. riiy of such bill or note, shall not be, held usurious, 'although exchange on Ihe. place where il is made payable, 1.? at the time such purchase or discount, woi'tii a premium; nor shall the discount or purchase of 0 bona fide bili or i)0.le, payable at a place,, between which oud the .place of discount mid purchase, exchange is in favor of the. place of discount or purchase, and the biking in addition to rate of interest aioresaidr Hie rale of exchange between sucb .places, be .deemed, usurious; provided, no wore than 0111 half of one cent shall be taken as exchange, uifon nny such paper payabjo in this Stale, niyl na more lhartuno per cnt iipyu any sucu. paper paya. hie out of this Stale, oud in no case shall more than the current rale; ot. exchange.. between such places be lakenv ' ' Scction2,7. , Tha total liabilities of any per son or of any company or fit 111, (including the liabilities of a company or. firm the liubil ity of the several mem.ieis thereof,) to bank' organized, under.. Ihis act, inclusive liabilities, as. exceptor, or nccep ors of boua fide bills of exchange, shall ut no time exceed one halfinclusive pf liabilities as acceptor, acceptors, oue-ultiit a 110 exciuwve 01. an iia- bili ies nn such' hjlb of exchairge one- ten Hurt hf the ajiioiirfL nf. the uolea whiih such U-ink ts authorized io circula'c h, tlw tini'i.qf such liabilities, . "' ' ; c SevTiorJ . S8 No-''""'! shall, a I any tim. pa) on t on loans or dicnunts,or in purchasu'g of-ilraft or' bills ofVihaiige, nr in pn.vmetit I of ib-piMitors. nor shall vl jii ony moile pttl -oarcttliai,in 1e (0,e uoiea 01 nny oann pi ptuKiitg ut at ts of per in any of enrrtpony which notes shall not at 1nat l;ir,e ie Tt.c?lvslile at par m paymen; 07 neuur. by the banks sr paying out or cireulntinrj ruch notes, nor shall it knowingly pay out of put 111 circulation any notes issued by any hank or banking company which, at Hie timp 01 such paying outor putting 111 circulation is not re deeming iu notes in gold and silver, nor any noles issii'd by any bank out nf th'v State. Skctio29. All notea, bills and other ev idences nf debt, excepting bills of exchange, diseoHiited by anv bonk.ahnll be made by the terms thereof, or by special indorsf menr, pay able solely to such brnk, and nosuch evidence of debt shall be assignable except for collec tion, or foMhe following purpoaes: First To pay and redeem the circulating notes of such bank; - - '..'--,- Second I o pay othet liabilities 01 inasxid bank; am! after sucb liubililtcsshall hove been discharged?- " ' ''' Th:ru To divide among me snarenoiuera on their stock. - , Skction 30. No bank organized ' under this act, shall ifsao any cerlificole of depofit, or der, draf:, bill of exchange; or other evidence of debt, payable in currency or in anything less valunble lh.ui gold ami silver coin, except re ceipts fur .-pecial deposits; nor sluill any tiuch bank keep any accounts in currency or in nny thing less valuable than gold ami silver coin, exrept accounts of special depesits. - Skctiom 31, . No bank orgaiii7.ed unoer :nis act, shall be permitted, in receiving payment at its banking house or other place than where the same was payable, of any 110'e, bill, or other evidence of debt, due to such bank, an J payable at a place other than ut us banking house, lo receive in addition lo the amount of ucli debt and the lego! interest due ther-jon. any sum whatiinever ns premium, exchange or damages; provided, nothing in this section contained shall prevent such bank from receiv ing the damages allowed by law upon any Dona fide bill of exchange, duly protested for non- icoceplance or uon-payment. . Sectiu.i 32. All trans lers or noles, noods, bills of exchange, and other evidence of debt owing to any bonk, or of deposits lo its credit; all assignments of mortgages or other securi ties on real estate, or of jimgements or decrees in its lovur; all deposits of money, bullion cr olher valuable thing for its use, o: for the Use of any of Us stockholders or creditors; all pay meutsoi money to either, niadi after the com mission of an act of insolvency, or in content plation thereof, with a view to prevent ihu op plicoiion of us Oiseli in the manner prei-cn bed by this act, or Willi a view to the preier ence of one creditor toanotbet, except in pay mt-ntof us circulating notes, shall be held ut lerly null and void. Section 33. II the directors of nny banks organized under this act, shall knowingly vi olate or know iugly per.nit any of the ollioers, agents or servants ol such bank lo violate any of the provisions of tins act; all the rights privileges and Iroticlnses ol- saiu 0 UK shall thereby be forfeited, such violation shall, how ever, he determined and adjudged by a court of competent jurisdiction, .igreeubly to the laws of this Stale and the practice of-such Court, before the corporation shall be declared dissolved; ond in case olsuch violation, every director who participated in, or. assented lo tne same, snail De lie to uuoie 111 ins personal add individual capacity for all dmnsges which the. company, ils share-holders, or any olhei persons body corporate or liornorotc, shall have sustained in consequence cf such violation. Skctiom 34. Every president, director, cash itr. teller, cletk or agent of nny bunk, who shall embezzle, extract or willfully mis poly any of the monevs, funds or credits of such bank, or shall, without authority from the di rectors, issue or put in circulation ony of the notes of such bank, or shall u ithout such nu tlloriiy, issueorput foiili any ct rt.ficate of de poj.il, draw any order or bill of exchaiige.ni.ike ony occuptonce, sign any no'e, bond, or.ui, bill of exchange, rr oitgnt-e judgement or de cree, or shall make any false entry on any book, report or statement of the bank, with an ihnut in either case to injure or detrain! ruch bank, or lo injure or defraud any olher compa ny, body corporate or politic, or any individu al person; or to deceive any officer or agent appointed to inspect the affairs of any bank in Stale, shall be deemed guilty of a misdemean or, and upon conviction thereof, shall be con fined in the penitentiary at hard labor, not less ihau five nor more than ten .years. Suction 35. Stockholders in. banks organi zed under Ihis act, shall each be individually and severalty liable lo Hie creditors of a bank of which they ore stockholders, in a sum equal iu amount lo the stock owned by each, and should any such bank become insolvent, and its asst-ls be found insufficient to pay its dtlilsond liabilities, its stockholders may be compelled to pay such deficiency, in propor tion to Ihe amount of stock owned by each; and should tlie whole amount for which stock holders are individually responsible, is provi ded iu Ihis section, be found in any case to be inadequate to the payment ol all the resi due of tht debts of auy bank after the appli cation nf its assets to the payment , of such del)ts, then, am', in that case, the. money due from stockholders on account of their individ ual liabilities as sjcIi, sholl be distributed equally among all the creditors of-such bank. hi proportion 10 the amount due lo each, the personal liability m tins section' provided for, is over pnd above the stock owned by stock holders, oiul any amount unpaid thereon... ' bKCTMW J1;,. 1 lie "Ueneral Assembly mny alter or rci5ai this act at pleasure, bat no act altering or repealing this ocl, shall impose any injustice or wrong upoii .the stockholders ol any bank. organized, under it. BBcrios 37.. Every corporation oreiuized un der this act, shall have power tn make all nec essary and pioper by-laws for the manage ment and control of its business and !o fix and regulate the rate of charges for making collec itoitav The bank of Ohio may rcvisti the bye lows and may also revise ihe regulations the branches roitcernliig charges for codec lions", and cause-both h be made uniform omoug the branches, or as nearly so. as rliay ba deemed expedient." ' - . .' Section. 33. The corporations organized" on der thin 'ael shall continue lo exist so long iiewssiiry tor the'' settlement of their affairs, .notwithstanding the repeal pf ihis act; and nn law shall ever be passed 'diverting or appro priating the osrels-of any such corporation any puipose other ihaii lo the payment of ils debts and liabilities, and'' ihe. distribution. the residue among its stockholders in pro portion to Ihe stock by them severally own ed. ' - .'-': ' . " ' i''.'"- " IN RELATION TO THE BANK OF OHIO. I It . - in - Sectioji 3fl. Wbenevflf, from an insrteclion of tho Certificates transmuted by hanks lolheJ boar I of bank - commissioners, ;t hnl appear Hint any pumber of said, banks, nut less than lire, hove made (Iitir elec.iou.lo transact I heir banking operations as b ranches of tha bonk of Ohio, nd. have" complied wdh the require-' m;nts of this act preliminary to'lhe ctimirrerHte' ment of banktrtij optjnitioirs, iheu- f nait dnj- missloners s(a!l ittunediitcfi uolify each of IN RELATION TO THE BANK OF OHIO. Rates of Advertising. lOncYqudfetorlesSiiisertions, 1 1 :(0 4 a I? k - I ll.l.nn :ln.i.rlirn t A rail1 dlllltlUUlH'lt1VMI , " . " Jlifrrliulltlii; - .- 8:0 '' Sis "UnontliK. -:" -' .' 8;(0 . oy -j'weKe tnolill.il 8 f" One fourth 6 f colutiiii fet yf ar.""" ,'i5:C0 'Vhalf " .' 18:00 .;: eolumV.; ..':... '3?:C? Al overj quirecliacgedatlwosqurt8. : - r CTAdvertiseriien'.a inserted til) forbid at tbeexpenieof tlieidyertiser.XB .'f .'. JOB WORK Execated KitliisolTice with, neatno? and Ce patch, at the lowest possiljeralu-. r r ' of as to of soid banks thereof, and wilhin ten dsyn after receiving such notice, they shall each appoint in such manner as the directors thereof shall prescribe, one pe-sou to be a. director of the bank of Oli to. Bui no person wha ia not citizen oflhe United Staten,.rrtl a resident of this State, and who has not . resided in this Slate at least oue yar next previous to hie appointment, shall be such director. ' Section 4a The drreclors 01 the band ol Ohio who shall have been appointed agreea bly to ihe provisions of the preceding section. shall, from the lii.io of ils organisation ont it the first dcy of May, in the year one thousand eight hundred and seventy seven, and there- - ofler until the affairs of the several branches of the bank of Ohio shall be finally closed upv be a bod; corporate, with snccefsion, and by the name of the bank of Ohio, capable of con tracting and nf prosecuting, and defending suits or actions, as fitlly. as natural persons, and of doing all other acts and things neces- essaryto effect ll.e object contemplated in his act by the formation of said corporation.' They shall meet in the city of Columbus at such time as shall b detignniec.' by the board of bonk commissioners, who shall give ten doys previous notice in each branch of the lime of such meeting; they shall each take nu or Hi diligently, faithfully and impartially 10 perform Ihe duties imposed on 'them by this act; a certificate of which oath shall be hied and preserved in the olTice of the Secre tary of Stale. They shall organize, provided two-thirds of the wJ ule number shall be con- -vent d, by electing some suitable person oi president, whose duty il shall be to preside at the meetings of the board, and sign its official cot-Hinents. - They shall elect a vice president whose dulie" shall be prescribed by the by. v laws of the corporation. Theysh II appoint: a cectelaJy, who shall keep a fair and true re cord of the proceedings ol the bank. They shall keep au office in the city of Columbus, which, together with 1 heir books, papers, re cords and accounts of every description, shall al ull tiroes be open lo the inspection of any -commit ee of the general assembly, or either branch thereof, and of any commission or. commissioners especially appointed, for that purpose by the getter I assembly, and of any person appointed by any one of the branches. 1 They shall procure and furnish, etch branch., with notes for circulation, and decide on the . amount lo be furnished from time to time to each, within the limits and agreeably to the rules and restrictions prescribed by this act. They may prescribe 111 les for the settlement of balances btlweeti the hrouches. . They shall hove power by themselves, or by a committee, of one or more members of their own body, or by a special agent appointed by lliem lit thai purpose, whenever and as olteu as they shall think proper, to visit any. branch, in., spect its books, recoids oud at-couii s, and all1 the evidences of debt due lo sud secuiities held by ruch brunch; examine and ascertain the omouut of money and other properly held. . by such branch, examine on oa'b Ibe presi dent, vice president, directors, cashier, and all o'.ht r officers, ageiiis, clerks or servants of Ihe branch, touching its condition, means and lia bilities. They shall have power 10 require any branch lo reduce ils circulation or other liabilities, within .such li.nittf as lin y shan, af ter full inquiry into its condition, deem ueces sary to secure from loss erilher the dealers with such brunch, or Ihe other branches of the bank ol Ohio. Tliey may require the officers of each branch lo make out, under oath, and transmit In the "flice or said bank nl Colum bus, statements of Ihe condition- thereof, in such form us such bank slit. II prescribe, and as frequently as tliey shall deem proper, which statements shall , be recorded in a book or hooks to be kept for thai purpose. They may appoint an executive committee of not less than throe, of whom the -president, or vice president shall be one, to act iu behalf of the bank iu such cases, and perforin all such di' ties as shall be prencribed by the bv laws of , said bank, not inconut-lenl with this act. Suction 41. The president, vice president auu secretary ol Hie bauk, shall each leceive such compcn.satiou fur -their services us said bank shall allow, which sliul.be assessed upon . the several brunches of the Uonk of Ohio, in the ratio of their capital stock. The bank. may ulso nllow 'he executive committee sucht compensation as it shell tieeiii just and rea sonable, lo be paid by the several branches in the sud e maimer; and the expenses of pro curing platt-s ami priming notes' of circulation shall be pan. oy the sc-veia! branches 111 the ratio of the noles of circulation, received by each. -" '."'' Section 42. Each director of the bank aha 11 ' continue 111 office until the first Monday of February, next after his appointment, and un lit his sucetssor shall b; appointed and qua!- ' ified; vacancies in ihe board shall be filled by the branch by which the appointment vacated was made, (n voting, each member shall be entitled to one Vote, and lo one oddiiionol vote for every fifty; thou.-and dollars of the amount of capital slock paid in 10 the bionch represented by him over one hundred thous and -dollars, at the' time ol sucb voting. The president and vice president shall hold their oflicej for one year, and nulil their Successors shall be appointed, but they may be removed by a resolution (if the bO-ird. They shall take on oath faithfully, diligently and impatttally to fnllill the duties of their appointments and not knowingly -violate ony uf the provisions of this oct. Tney mny be required to give bond in such sum, and with such 'securities as the bank shall prescribe; and all vacancies in said Appointments shod be filled by the oaiiK. . . Suction 13. All holes issued by any branch, inleiidud to circulate as money, shall i e paya ble at the branch by which they ore-issued, in gold mid silver coin, the lawful currency of" the Ijiii.ed blotes, or. either at the option of ll.e branch, mi demand, they shall he signed by the presidrut orvice president of the bank of Oltio, couuieisigned by the-cashier of 'the branch by which they are. issued, made pay able to bearer, mid shall be tK.-goiluble by de- livery; all other evidences of debt,, issued by any branch, siiall be negotiable r transfera ble iu the same manner as if issued by a 'Cat oral person, and shall be binding oil the branch whether under seal ur not, and alt inch evi- deneesof debt, other iban notes of circulation,' shall be payable to Ihe order of soma person there n named v ' . ' , Sisction 45. No bmnch of tha Bank of Ohio shall, at any t.me, have in - cieulalioii notes in lire similitude. of. hank notes, to an amount beating -a greater pioportion lo the capital slock of said branch actually paid in, and at the time remaining undiminished by looses nt Withdrawal, Hmn the nroroniou iervmolttr jIci.-iiics is 4Q my; .7. , -f ; ' Ou the tint hundred thousand dollars, nr any lesstr amount ;)(. iia cnpi'uL-not ruoi thsn twice Ihe amount of suck oaprnl, - On the. second hundred litoa.-rand'dollars or part thereof ma - more - than nn' ami. three qu . iters the m'Miiitof lick eapllal, over one hundred thousand, . i ., . ,. , . On tl iiiird .hondrad tliotisand dollais; r ; "'- Cuncluin on fourth pi!f.