The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1850-06-12
AN ACT
AN ACT
To provide FOR taxing Banks and Banking COM
..HI .... panies. @ .- .
March 8, 1850.

AN All
To provide for taxing Banks and Banking COM
IaH a. panies r ..f. r-
SEC, /. Be ii enacted By tie General As
sembIy Of the State Of Ohio, That the CASH
ier or president Of every banking institution
lin The State, whose charter does not prescribe
any particular mode of taxation for Ihe same,
and every banking institution hereafter es-
tabished in the State, shall annually, within
ten days afterihe fifteenth day OF November,
make out, under oath, and transmit by mail,
Ior otherwise, to the Auditor Of State, al
statement showing the amount Of the capital
E'stock Of said bank actually paid in and exist
ting, undimnished by losses, and The amount
Of surplus or contingent fund then on hand,
Ideducting, however, from such surplus or
contingent fund, the amount Of money paid
for real estate belonging 10 said bank, and
| upon which il pays taxes in any other mans
ner than that which is hereinafter provided.
| SEQ Q. The Auditor Of State shall, nn-
nually, as soon as he receives suchstatement,
ascertain the total per centum OF taxation
assessed for all purposes, on money at inter-
est, at the place where such bank is located,
and shall, Immediately thereafter, assess upon
such capital stock and contingent fund, a per
centum Of tax equal TO that SO ascertoined.
/ SEC 3. That so soon as the amount Of such
tax is ascertained, the said auditor shall ino
form such bank thereof, and said bank shall
/ pay the same to the Treasurer of State, upon
the order of the auditor, and shall have
1 lien upon the stock Of each OF its stocknoldS
ers for the reimbursement Of his or her share
Eof the tax SO paid. 1. asi
SEC. 4. That If any existing bank, the
charter OF which does prescribe any parlicu-
lar mode of taxation tor the same, shall by
vote Of the stockholders owning majority
Of its stock, consent to the provisions of this
ACT, and file the evidence of such consent
with the Auditor Of STATE, such bank shall
thereafter, for the purpose Of taxation, be
ubjeci 10 the provisions of this act, and shall
be exempt from the payment Of any other
I, tax imposed BY its charter 8ta9a ,na.
SEC. s. IfanJ cashier or president OF a
7 bank, liable To be taxed under the provisions
Of this act, shall neglect or refuse to furnish
the statement required by the first section
n Of this nc, to the Auditor of State, such pres
ident or cashier, so neglecting and refusing
, shall forfeit 10 The State a sum equal tC
e three per cent. npon The capital sIock Of sucl
4 bank, 10 be recovered by an action. Of debt
9 in any proper court: Provided, however, tina
|. putting into the post Office aletter containing
/ such statement, addressed to The Auditor o
n State, at Columbus, shall,be deemeda com
< pIiance with the provisions q fsaiL section.
SEC. @. That irany branch Of The State
Bank Of Ohio shall suffer its specie and sigh
II funds IN The onsiern cities, as proved in th'
II fifty fourth section Of the act 10 which this /
rs an amendment, to fall below thirty per cent
. the amount Of ils circulation, aud sremaiI
.e SO for thirty days. il shall be the duly oflih'
le board of conttol to requite said branch TO 70
isinrn propouioDal amount Of IFS circulptior
n. whicni circulation, when 40 Ealurned, shall, b
burned,Rnd lheteupon the booId Of coalrS
T. y II .a....H ........tl...... l.