The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-04-23
Carus Of Ohio.
AN ACT 70 ,ar Money Brokers.


Sec. 1. Be il enacted by the General Assembly
of the State of Ohio, That every person who
shall buy and sell money, or exchange one Kind
of money for another, for the purpose OF gam or
profit, shall be considered, held and adJudged to
be a money brokor within the meaning Of this
act and shall be charged with and pay on his
business the tax hereinafter prescribed.
Sec. 2. Every person that may be engaged in
business rs q money broker, previously to The
first Monday in May, in any year, with the in
tontion of continuing in such business after that
day, shall annually, on that day, apply 10 the
Clerk of the Court of Common Pleas of the
county in which it is intended to carry on such
business, for license for that purpose, which Ii
cense the Clerk is hereby required to issue af-
ter the applicant shall have executed and dellv
cred to the Treasurer of the county the bond
hereinafter required and every person design
ing to engage in business as money broker, al
ter the first Monday in May, in any year shall
before oommencng such business, obtain IL
cense therefor, as in case of persons engaged In
such business before said day.
Sec. 8. Before any person shall be entitled to
receive license, as hereiubefore provided, such
person shall, together with at least two good and
sufficient securities, to be approved by the coun-
ty Auditor and county Treasurer, enter into
bond in the penal sum of five thousand dollars,
made payable to the State of Ohio, and condi-
toned that said person shall, at the end of each
succeeding six months, after the date Of such
bond, make out and attest on oath and deliver to
the county Auditor, an accurate statement oithe
amount Of money bought and sold or exchanged
during the six months next preceding the time
of making such statement, and shall pay over
to the Treasurer of such county the full amount
of the tax charged on such business, agreeably
to the provisions of this act, which bond shall
be deposited with said county Treasurer, and in
case of u failure to comply with the condition of
such bond, the same shall be collected by the
Prosecuting Attorney, and paid into the county
treasury to be applied in the same manner as
the tax levied by this act
Sec. 4. Each person engaged in business as a
money broker, shall, at the time of making the
statement mentioned in the preceding section
pay over to the county Treasurer, one eighth Of
one per centum on the amount Of money bought
and sold or exchanged, agreeably to such state
ment; and the money so paid TO the county Troa'
surer, shall be accounted for, and paid over as
money collected on the tax duplicates.
Sec. 5. Every person who shall buy any kind
or description of money, with or for money o
any other kind, Or differing in any manner from
the money bought, or sell money of any kind OF
description, for money Of any other kind, OF
differing in any manner from the money sold, Oh
exchange money of any kind or description lo
money differing in any manner therclrom, foI
the purpose of making or obtaining profit there
by, in any county Of this State, after the frs
Monday in May next without having first obtain
ed license from the clerk of the court of com
mon pleas of such county therefor, shall, for ev
cry such purpose, sale, or exchange, forfeit ant
pay the sum Of one hundred dollars, TO be recov
cred in all action Of debt, in the name Of thu
State Of Ohio, before any Court Of competen
Jurisdiction; ono half for the use of the porsol
instituting suit therefor, and the other half 70
the use of the general revenue ofthe State. Blu
the provisions of this section shall not be con
strued to any person who shall not make th
buying and selling or exchanging of money, {
part at least, of his customary or usual business
Sec. 6. Wherever the word "person'' is use
in this act, as applicable to money brokers,
shall be construed to oxtendto, and include, an
company, firm or association of persons Wh
may be engaged in the business of buying an
selling, or exchanging money in the same man
ner as if the words ''company," "frIn" and 'as
aocaton'' were in each case repeatod in connec
ton with the word "person." The word "mu
ney,'' wherever used, shall be construed to mea
and include bank notes as we'll us gold and sil
yer coin.
Sec. T. The provisions of any INV or law
now in force, which require the listing of tn
capital Of money brokers for taxation, shall h
and the same are hereby repealed, and all as
easements for the year lS45, made prior to til
passage OF this act, shall be void, and the perso
or persons so listed and assessed shall conforr
to, and comply with, the provisions of this ac
JOHN NJ GALLAGHER.
Speaker Of the House Of Representatives
DAVID CHAMBERS,
Speaker Of the Seaat