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Lancaster Gazette in Lancaster, Ohio

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Newspaper

Lancaster Gazette

Location

Lancaster, Ohio, United States of America

Date

Apr 17, 1851

Page

4

Banking Company Act and Circulation Provisions Summary

A lengthy 19th century statute outlines banking company formation, capitalization, circulation limits, and state auditing. It details required capital stock, director elections, bonds, notes, and the authority of the Auditor and Secretary. It defines measures to prevent overissuance, debt reporting, reserve requirements, and penalties for noncompliance, with emphasis on state duties and protections.

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