Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1846-04-03
LAW OF OHIO!
THE REVENUE LAW.

But no person WIN ue ieuuHeu W llst
greater portion Of any credit than he be-
Reyes will be received, or can be collected
with or without resort to legal process, nor
any greater portion of any obligation given
10 secure the payment Of rent, than the "a
mount Of rent that shall have accrued on
the lease, and shall remain unpaid at the
time OF listing.
Sec. 10. No persons shall be required to
list any part Of any crop which may have
been harvested on any farm of which he
is the owner, or lessee. or occupant, with
in one year next previous to the time Of
such listing, and whirh may then remain
on hand, nor any wools shorn from his own
sheep, within six months previous.
Sec, Ia. Personal property Of every de.
scription, other than that of merchants and
manufacturers, shall he listed as the prop.
erty of the person who shall be the owner
thereof, it resident Of the county where
the same,shaIl be, and if not, Of the person
having possession or charge thereof at the
time when the same shall be listed, and
the value to be attached thereto, shall be
the value thereof at such time.
Of Deductions from .Nontys and Credits.
Sec. Is. In making up the amount of
moneys and credits which any person is re-
quired 10 list Tor himself or any other ber
son, company or corporation, he shall be
entitled to deduct from the gloss amount
oI money and credits the amount of al
bona fide debts owing by such person, COM
paHy or corporation TO any other person,
I.sa Il,
edgement OF Indebtedness, not founded on
an actual consideration, believed when re-
teived to have been adequate, and no such
ackno w Judgement made for the purpose OF
being so deducted, shall be considered a
deht within the meaning Of tins section;
and so much only Of any liability. as sure
~ for others, shall be deducted, as the per-
son making out the statement believes the
surety is legally bound to pay, and so much
only, as he believes such surety will be
compelled to pay, on account OF the inabl-
ity or insolvency OF the principal debtor;
and il there are other sureties who are a.
bic to contribute, then only so much as the
surety in whose behalf the statement is
made, will be bound TO contribute.
Sec. 16. No person, company, or corpo.
ration shall be entitled to any deduction or
account OF any bond, note, or obligation
of any kind, given to any mutual insu.
rance company; nor on account of any
unpaid subscription TO any religious, litera-
nv, scientific, or charitable institution OF
society; nor OF account of any subscIp.
ton to, or ilistalment payable on the capi-
tai stock Of any company, whether incor-
porated Of unincorporaIed.
On listing and rGluiRg the property Of .Mer-
chants and manufacturers.
Sec. II. Every person that shall own,
or shall have in his possession, or subject
to his control, any personal property with
in this State, with authority to sell the same,
which shall have been purchased either,
in or out Of this State, with view OF be-
ing sold at an advance price or profit or
shall have been consigned 10 him from any
place out of this State, for the purpose ol
being sold at any place within this state,
shall be held TO te merchant; and at all
time, when he shall be by this act required
10 make out and deliver to the assessor a
statement of his other personal property,
he shall state and attest, on oath, the val
ne OF such property appertaining to his
business as a merchant; and in estimating
the value thereof he shall take as the cri-
terion the average value Of all such arti-
cles of personal property which he shall
have had from time 10 time in his posses
sion, or under his control, during the year
next previous to the time Of making such
statement, if so long he shall have been
engaged in business, and if not then du.
ring such time as he shall have been so en-
gagged. and the average shall be made up
by taking the amount in value on hand, as
nearly as may be in each month Of the
next preceding year in which the person
making such statement shall have heen en-
gagged in business, adding together such a.
mounts, and dividing the aggregate a.
mount thereof, by the number of months
that the person making the statement may
have been in business during the prece.
ding yeaI, provided that no consignee shall
be required to list for taxation the value oil
any property, the product Of this State
which shall have been consigned TO him,
for sale or otherwise from any place with
in the State, nor the value Of any proper
ty consigned to him from any other place,
for The sole purpose Of being stored or for
warded, provided, he shall in either case
have no interest in such property, or in o.
ny profit 10 be derived from ts sale, and
the person, as used in this and the two
succeeding sections, shall be held to mean
and include firm, company and 'corpo.
ration
Sec. 18. Every person who shall pur.
chase, receive or hold personal property ot
any description, for the purpose Of adding
to the valne thereof, by any process Of
manufacturing, refining, rectifying, or by
the combination of different materials,
with view Of making gain or profit by
so doing. shall he held to be a manulactu-
rer; and he shall. at all times, when by
this acthe is required to make and deliver
to The assessor statement of the amount