Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-06-16

and for levying taxes thereon according to it,
| true value.
Sec. l. Be 1T enacted by the Genera
assembly Of the State Of Ohio, That all
property, whether real or personal, within
this State, and the moneys and credits OF
persons residing therein, except such MS is
hereinafter expressly exempted, shall be
subject to taxation; and such property,
moneys and credits, or the value thereof
shall be entered on the lists OF taxable prop.
erty, for that purpose, in the manner pre-.
scribed by this act.
| DEFINITIONS. --
Sec. 2. The terms, "real property
and "land," wherever used in this act, shall
be held to mean and include not only the
land itself, whether laid out in town lois OF
otherwise, with oil things contained therein
but also all buildings, structures and i'm.
proyemenls, trees, and other fixtures OF
whatsoever kind thereon, and all rights
and privileges belonging. or in anywise ap.
pertaining thereto, including all stoves in
any building belonging to the owner Of
such building, and used instead of fire pla-
ces. The term 'personal property"
wherever used in this act. shall be held 20
mean and includo-lst.-Every tangible
thing, being the subject of ownership,
whether animate or inanimate, other than
money, and not forming part Of any tract
or lot Of real property, as herein before de.
fined. 2d-The Capital stock, undivided
profits, and oil other means, not forming
part of the capital stock, of every compa.
ny, whether incorporated or unincorporat.
ed, and every share, portion or interest in
such stock, profits or means, by whatsoev-
er name the same may oe designated, in
elusive of every share or portion, right or
interest either legal or equitable, in and to
every ship, vessel or boat, of whatsoever
name or description, used or designed to
be used, either exclusively or partially in
navigating any of the waters, within, OF
bordering ON this State, whether such ship,
vessel or boat shall be within the jurisdic.
ton ofthis State or elsewhere, and whether
the same shall have been enrolled, regis
tered or licensed at any collectors office,
or within. any collection district in this
State or not. The term ssmoney," or
''moneys," wherever used in this act, shall
be held TO mean and include gold and sill.
yer coin, and bank notes, in actual pos.
session, and every deposit which the per-
son owning holding in trust. or having the
beneficial ie:erest therein, is entitled to
withdraw, in money, on demand The
term 'scredits," wherever used in this act,
shall be held to mean and include every
claim or demand for money, labor, or other
VI .Iloh 10
cluding book accounts, and every annuity
or sum of money receivable at stated peril
ods, and all stocks, shares, and interests in
any company or corporation out of this
State, and all moneys invested in property
of any kind, which is secured by deed,
mortgage or otherwise, which the person
holding such deed. or mortgage, or e,i>
dence of claim is bound, by nny lease, con-
tract, or agreement, to reconvey, release,
or assign upon the payment Of any speci.
fed sum or sums, and the capital and stock
of brokers invested in their business, and of
oil persons dealing in money, notes or bills
of exchanges: provided, that pensions re>
ceivable from the United States, or from
any Of them, and salaries or payments ex-
pected to be received for labor, or services
TO be performed or rendered, shall not be
held 10 be annuities within the meaning of
this act.
PROPERTY EXEMPT FROM TAXATION.
Sec. 8. Ali property described in this
section, to the extent herein limited, shall
be exempt from taxation; that is to say:-
lst. All public buildings occupied or used
exclusively as public school houses, or us
places of public worship, or both; with the
furniture and books therein, used exclu-
sively for the accommodation of schools or
religious meetings, together with the
grounds not exceeding, in any case
five acres, occupied thereby, if hot leased
or Otherwise used with view 10 profit.
I'd. All lands used exclusively as grave
yards, or grounds for burying the dead.
Sd. All buildings belonging to scientific,
literary or benevolent societies, used ex-
clusively for scientific, literary or benevo'
lent purposes, together with the land actu-
ally occupied by such institutions, not
leased or Otherwise used with view to
profit, and all books, papers, furniture, ap-
paratus and instruments belonging to such
societies, used solely for literary, scientific
or benevolent purposes. But no society,
other than such as are public, and such as
shall have been Instituted and shall be de.
voted exclusively to scientific, literary or
benevolent purposes, shall be deemed a
literary scientific or benevolent society,
within the meaning Of this act. 4lh. All
moneys and credits belonging excu.
sively to universities, colleges, academies
or public schools, of whatsoever name; or
to religions, scientific, literary or benevo.
lent societies, and appropriated solely to
sustaining such institutions or societies,
not exceeding in amount, or in the income
arising thereon, the amount prescribed by
the charter Of such society; Provided, the
same does not exceed the sum of ten thou.
sand dollars in value. all over which sum
shall be listed for taxation as other proper.
ty. 9th. All property, whether real or
personal, belonging exclusively to this
State, or 10 the United States. 9th. All
buildings belonging to counties, used
for the holding of courts, for jails, or for
| coupf,, of;oae with the oround mot evcead