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Huron Reflector in Norwalk, Ohio

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Newspaper

Huron Reflector

Location

Norwalk, Ohio, United States of America

Date

May 09, 1831

Page

3

Norwalk Bank Charter Provisions for Directors and Stock

Long text outlines the formation of a Norwalk bank with nine directors and a president, subscription requirements, installment plans, notice rules, voting rights, officer appointments, stock transfers, debt limits, negotiable instruments, bonding of officers, dividend policies, and interest caps. It specifies elections, eligibility, duties, and dissolution provisions, plus safeguards on loans and stock ownership amid the establishment phase.

Bank Charter Provisions and Annual Reports Detail

The text outlines bank duties including paying into the State Treasury the same dividend tax as other banks, annual sworn reports on capital, deposits, profits, debts, bills in circulation, real estate, and other property, due by the tenth day of the session. It permits future legislatures to amend provisions to align with other state banks and declares the act a public statute to be construed favorably for its aims. Passed February 1831. James M1. Bell and Samuel R. Miller as Speakers.

Norwalk Ryan County Hhall Klarch Eck Tine Nid Ohie United States Soc. el Sach Company Ralion Ugs General Assembly James M1. Bell House of Representatves Samuel R. Miller Senate Dss Axietiy Blackwood Edinburg Campbell New Monthly London la Belle Assembly The Monthly Review Sporting Magazine London Mirror Court Journal Bell's Weekly Messenger the London Magazine Centleman’s Times Nemarka Edmund Morris Chesnut St Philadelphia

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