Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1845-04-04
LAW Of Ohio.
AN ACT

tne uuly 0! each Assessor IN this State, an
nuaIly, at the time of taking The list of tax
able property in his township, town, city
or ward, to require Of each person, compa-
ny or firm subject to taxation therein, TO
make out and deliver to him statement.
IN writing, Of the amount of money which
such person, company or firm has at inter-
est; and sHch Assessor shall also REQUIRE of
every person, company Of firm, engaged in
mercantile business or trade, to make out
and deliver to him similar statement of
the amount OF capital employed in such
tradei such reqUsitlOn may be nl1de by the
Assessor, either verbally, or by written,or
printed notice left at the dwelling house.
Office, or usual place Of doing business, of
theperson, company or firm required 10
make such statement.
SEC. 2. Each person, who is sole owner
OF the money, credits or capital of which
aslatenentlsrequired Iythe preceding Sec
ton, and some member, or the principal
clerks OF each company orfrm owning such
money credits or capital, shall, within fE
teen days, after being 50 required by the
Assessor make out and deliver to such AS
SCISSOR the statement or statemcnts required
oy the preceding section in writing, and
shall make solemn oath or affirmation, that
the statement so made is full and true, ac
cordlng 10 the best Of his knowledge and
belief, which oath or affirmation the Asses
sor is hereby authorised TO administer, and
which shall be indOrsed on each statement;
provided, that no person, company or firm
shall be required to make out such state
ment OF money at interest, or capital in
trade, If she amountia either case shall not
exceed one hundred dollars. 1
Sec. 3. That aIlmoneys and credits, due
and owing, whether on Judgment, decree
bond, note, hillof exchange, draft, receipt,
order, contract or agreement,Whether pay-
able on demand, or at any specified time,
past, present future, or whether no time
'oi payment be specified therein, whetherI
containing all agreement to pay interest or
not, provided interest," premium, or any |
consideration whatever for the use thereolI
has been reserved, taken, ,orcontracted for,
or agreed upon, 81 is payable by the terns
Of the note, contract Of agreement, wheth-
'er written Or verbal, and all debts Or credits
due, or owing upon notes Of hand, bills ofI
exchange, contracts, agreements, or other
written or printed evidence of debt, aCuui- q
red, bought or purchased, at any rate of ,
discount, before, ai or after maturity, wheth- t,
er the same shall, by the terms thereof. bear =
interest or not, shall he considered and adj
Judged to he the moneys at interest, and be-
longing 10 the person, company or firm, ow- 7
ing or having the beneficial interest there 2
in, and shall be included as such, in the -
statement Of moneys at interest, required i"
by the first section of this act. -
SEC, 4. Every individual company or !
firm that shall he engaged in the business i, !,
ot purchasing aud selling personal proper :
~ OF any kind or description, for the pur-
pose OF making profit thereby, or lhlt Shall n
purchase personal property Of any dcscrip- II
ton, other than domestic animals with the /"
view 10 increase the value thereof, by ary u
process OF manufacturing, refining or 9TH :,
'rwise improving the value thereof, for the Is
purpose OF selling The same at an increased u
price, shall be considered and held to be en- Z"
yaged IN mercantile business ortrade, with "
n the meaning Of this act; propiyed, that o
lorses, cattle, orany other property, which,
" the existing laws of the S,ate, are requi- '
ed to be listed for taxation, and which %
hall have been SO listed, Shall not be con- a.
ldered as forming any part Of the capital ~
\ trade OF the person in whose name it "
hall have been listed, or Of any trader who ot
lay have purchased such cattle. horses or "
ther property, for the year for which the u'
anne shall have been so listed. le
SEC. 5. Every individual, company or VI
rm, engaged in the mercantile business or at
'ade, In making out the estatementrequired "
y the tirstsection OF this act, OF the amount Sc "
! capital employed, shall take, as the cri- VI
erlon OF stch amount the medium sun, be. 'l'
wee Fhe greatest aud smallest amount ofI 9u
oeds, or other articles of personal proper 60
yApperlalnng tosuGh business. in the pos ou
esslon OF such person, company or firm, fe'
urlng the year previous TO the time of ma q,
snRrThh statement; or, if such person, W
ompany or firm have been engaged in such See
nslness iof less time than one year, then u,
he ehedium amount duling the time Of be- ~
lg go engaged, aud, in like manner, the VI :
mo0 Mt Of money al interest, OF any per- ~
on, conpany.or firm, to be co lained in OF
he statement required by the feI section ?,
{ this act, shall be, as near az the same can ~ ~
3 ascertnned, the medium sum or oram0unt +
etween the greatest aud smallest amount -
money at interest, for the year next pre- y "
sdihg The llne Of making out such STATE "
lent; provided, thstit any person or mem ",
ar Of any company o. Arn, required to ~
lake etstemem Of money at ninteresL or ~ ~
lpital in trade, has withlmwn, or shall o.
ltend to Withdraw the whole or any part ,a
/ such capital in trade, or inVcslIhp same VI w
property subject to taxaron, otherwise hi' Ii'
IAN is provided by thjs act, any partot The nn n
loney nj interest for the year previous, so on
! to re6ace the aHornt Of capital or mon oP
7 at interest," e. tse case nay he, below the an "a
s.S,~g HwsRpt jol Tive year previous, aud ea
iah glgSse s' ''le same on oath or silirna- ~
,p. he auouni 10 l'n entered on the list wv
! such persOn orhnO, mo{ bgGslusaI =. -. ''''