The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-04-09
Cams Of Ohio.
THE INFAMOUS,
UBIQUITOUS
AND OUTRAGEOUS
Tx Lei W!
I'M ACTl


AN ACT
To provide more eIeclually for correct and equal
assessment of money and Of capital in trade, for the
purpose of taxation.
SEC. l. Be itenacted by the General Assem-
bly, Of the State Of Ohio, That 1t shall be the
duty of each Assessor of this State, annually,
at the time of taking the list of taxable proper
ty in his township, town, city or ward, to require
Of each person, company or firm subject to tax
alton therein, to make out and deliver to HIM a
statement, in writing, of the amount of money
which such person, company or firm has at in
terest; and such Assessor shall, also, require of
every person, company or firm, engaged in mer-
camille business or trade, to make out and de-
liver to him a similar statement of the amount
of capital employed in such trade; such requisi-
ton may be made by the Assessor, either ver-
.bally, or by written or printed notice left at the
dwelling house, office, or usual place Of doing
business, of the person, company or firm requi-'
I Eredto make such statement.
SEC. 2. Every person, who is sole owner of
the money, credits or capital, of which state
Iment is required by the preceding section, and
some member, or the principal clerks of each
company or firm owning such money, credits or
capital, shall, within fifteen days, after being so
clrequred by the Assessor, make OUT and deliver
to such Assessor the statement or statements re-
Iquired by the preceding section in writing, and
; Shall make solemn oath or affirmation that the
, statement so made is full and true according to
the best of his knowledge and belief, which
oath or affirmation the Assessor is hereby autho-
rized to administer, and which shall be indorsed
: on each statement; provided, that no person,
company or firm shall be required to make out
such statement of money at interest, or capital
in trade, if the amount in either case shall not
exceed one hundred dollars.
SEC. B. That all meneys and credits, due
n and owing, whether on judgment, decree, bond,
note, bill of exchange, draft, receipt, order, con-
, tract or agreement, whether payable ON demand
: or at any specified time, past, present or future
or whether no time of payment be specified
s therein, whether containing an agreement to
pay interest Or not, provided interest, premium,
or any consideration whatever for the use there
of has been reserved taken, or contracted for,
q agreed upon, Or is payable by the terms Of the
note, contract or agreement, whether written oil
verbal, and all debts or credits due, or owing
i upon notes of hand, bills of exchange contracts
agreements, or other written or printed evidence
j. of debt, acquired, bought or purchased, at any
rate of discount, before, at or after maturity
whether the same shall, by the terms thereo
T. bear interest or not, shall be considered and ad
!. judged to be the moneys at interest, and belong
ing to the person, company or firm, owning ol
having the beneficial interest therein, and shal
n be included as such, in tho statement of moneys
at interest," required by the first section of thi
o act.
Sec. 4. Every individual, company or firm
that shall BE engaged in the business of purcha
l. sing and selling personal property of any kline
y or description, for the purpose of making profit
thereby, or that shall purchase personal proper
p|ty of any description, other than domestic ami
s mails, with the view to increase the value there
of, by any process of manufacturing, refining ol
otherwise improving the value thereof, for the
purpose Of selling the same at an increased
k price, shall be considered and held to be enga
d ged in meIcantile business or trade, within tht
;, meaning of this act; provided, that horses, cat
= tie, or any other property, which, by the exist
: ing laws of the State, required to be listeC
for taxation, and which shall have been so listed
shall not be considered as forming any part O
/ The capital in trade of the person in whose name
l. it shall have been listed, or of any trader wht
g may have purchased such cattle, horses 9th
9 er property, for the year for which the sans
shall have been SO listed.
Sec. 5. Every individual, company or firm
'f engaged in mercantile business or trade, in ma
e king out the statement required by the first sec
u ton of this act, of the amount of capital EN-
,ployed, shall take, as the criterion of sucl
amount, the medium sum between the creates
y and smallest amount Of goods, or other article
h. OF personal property appertaining to such bust
ness, in the possession of such person, compan,
- or firm, during the year previous to the time Q
O' making such statement; or, if such person, com
pany or firm have been engaged in such bushes
:, for less time than one year, then the medium
~ amount during the time of being SO engaged
n and, in like manner, the amount Of money a
is interest, of any person, company or firm, to b
U contained in the statement required by the frs
section of this act, shall be, as near as the sam
II can be ascertnined, the medium sum or amour
between the greatest and smallest amount Of me
Iney at interest, for the year next preceding tn
= time of making out such statement; provided
~ that if any person or member of any compdn
lie or firm, required to make statement of none
te at interest, or capital in trade, has withdrawn
or shall intend to withdraw the whole or any pal
OF such capital in trade, or invest the same !
property subject to taxation, otherwise than
10 provided by this act, any part Of the money G
!. interest for the year previous, so as 10 Teddc
y the amount of capital or money at interest, a
at the case may be, below the medium amount f
IL the year previous, and shall attest to the sam
on oath or affirmation, the amount to be entere
on the list by such person or firm, may be red,
ne ced accordingly; provided further, that the pr,
visions of this act shall apply to every uninco
porated bank or banker, broker or brokers,
other persons banking or having money at il
terest.
SEC. 8. Moneys due on bonn fde sales,
leases Of land or real estate situate within tn
State, entered on the grind list for taxation,