The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1850-07-08
AN ACT

AIN ACI
To amend the act entitled = An act to incorpo-
rate the State Bank of Ohio, and other bank.
ing companies" passed February "a, lS45.
Sec. |. Be it enacted BY the General As-
serbly of the State of Ohio, That the sixty
ninth section Of the act entitled an act to
incorporate the State Bank of Ohio and 9TH
er banking companies, passed February "a,
]845, be, and the same is hereby revived,
and shall continue in force, SO far as relates
to the Clinton Bank of Columbus, for three
years from the passage of this act, any thing
in the act to which this is an amendment,
or in any act amendatory thereto, to the con-
trary Notwithstanding; provided that the
rights hereby conferred shall only extend to
secure to said Clinton Bank of Columbus all
the privileges provided by said act for inde-
pendent banking companies; provided,
further, that upon the acceptance of the
provisions of this act by the Clinton Bank
Of Columbus, The capital stock of said bank
shall be entered upon the duplicate of
Franklin county for taxation, for all purpo-
ses, and the said bank shall thereafter be
taxed for State, canal, school, county, town.
ship, city and other purposes, upon its capi-
tai stock, in lieu OF the tax upon its profits, as
provided by the act to which this is amend
atory; and provided further that said bank
shall be subject TO any general law which
may hereafter be passed altering or changing
the mode of taxing bank capital.
BENJAMIN F. LETTER,
Speaker of the House of Representatives..
CHARLES c. CONVERS,
March S, 1850. Speaker ofthe Senate.
AN ACT
To>provide tor taxing Banks and Banking
Companies.
SEC. l. Be il enacted By the General As-
Sembly of the State of Ohio, That the cashier
or president of every banking institution in
the State, whose charter does not prescribe
any particular mode Of taxation for the same,
and every banking institution hereafter
established in the State, shall annually,
within ten days after the fifteenth day Of
November, make out, under oath, and trans.
init by mail, or otherwise, to the Auditor of
State, a statement showing the amount of
the capital stock Of said bank actually maid
in and existing, undiminished by losses, and
the amount OF surplus or contingent fund
then on hand, deducting, however, from such
surplus or contingent fund, the amount of
money paid for real estate belonging I'd said
bank, and upon which it pays taxes in any
other manner than that which is hereinafter
provitsd.
SEC. 3. The Auditor Of State shall, an
nually, as soon as he receives such state
ment, ascertain the tota. per centum Of taxa
ton assessed for all purposes, on money at
interest, at the place where such bank is To-
Gated, and shall, Immediately thereafter, as.
sess upon such capital stock and contingent
fund, a per centum of tax equal to thai SO
ascertained.
SEC. g. That SO soon as the amount of
such tax is ascertalned, the said auditor shall
inform such bank thereof, and said bank shall
pay the same to the Treasurer Of State ,upon
the ordero Of the auditor, and shall have a
lien upon the stock Of each Of its s.ocAhoi1i-
ers fort reimbursement Of his or her share
Of the tax paid ae.l
SEc. 4. That if any existing bank, the
charter Of which does prescribe any partic-
ular mode Of taxation for the same, shall, by
vote OF the stockholders owning major
ity Of its stock, consent to the provisions ol
thisact, and file the evidence OF such con-
sent with the Auditor. Of State, such bank
shall thereafter, for the purpose Of taxation.
be subject to the provisions OF this act, and
shall be exempt from the payment Of any
other tax imposed by It's charter. 81
SIC. D. II any cashier or president of a
bank. liable to be taxedNnder Inc nrorisiun,
Of this act, shall neglect or refuse 10 furnish
the statement rcquhed BY the ilfst section oi