The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1851-05-07
LAWS OF OHIO
PUBLISHED BY AUTHORITY.
mo. 76.1

AN All Ior Inc assessment OF all prop
- erty in this State, and for levying take.
thereon according to its true value. y
ia9 SEC !. be il 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 O
persons residing therein, except such a.
Il is hereinafter expressly exempted, shaff-be
subject to taxation; and such property
moneys and credits, or the value thereof
shall be entered on the lists of taxable
property, for that purpose, in the mar-er
prescribed by This act. . N
DEFINITIONS. s :,
Sec, e. The terms, "reai property
and "land," wherever used in this act,
'-stall be held to mean and include not on
lly the land ITSELF whether laid out in town
lots or otherwise. with all things contained
therein. but also all buildings, structures
and Improvements, trees, and other fix.
tpfes of whatsoever kind thereon, and all
rights and privileges belonging, or In any
wise appertaining thereto, including all
stoves in any building belonging to the
owner Of such building, and used instead
Of fire places. The term personal prop
erty," wherever used in this act, shall be
held to mean and include, 1st-Every
tangible thing, being the subject Of owner
ship. whether animate or inanimate, other
than money, and not forming part of any
tract or lot Of real property, ashereinbe-
fore defined 2d-The capital stock, un.
divided profits, and all other means, not
forming part OF the capital stock, Of every
company, whether incorporated or unn.
corporated, and every share, portion or
interest in such stock, profits or means, by
whatsoever name the same may be desig-
mated, inclusive 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 De used, either exclusively
or partially in navigating any Of the wa.
ters, within. or bordering on this State,
whether such ship, vessel or boat shall be
within the jurisdiction Of this State or else
where, and whether the same shall have
been enrolled, registered or licensed at
any collectors office, or within any col.
lection district in this State or not. The
term "money," or "moneys," wherever
used in this act, shall be held to mean and
include gold and silver coin, and bank
notes, in actual possession, and every de.
posit which the person owning holding in
trust, or having the beneficial interest there.
in, is entitled to withdraw, in money, on
demand. The term "credts." wherever
used in this act, shall be held to mean and
include every claim or demand for money,
labor. or other valuable thing due, or 10
become due, including book accounts. and
every annuity or sum Of money receiva.
BILE at stated periods, and all stocks, shares,
and interests in any company or corpora
ton out of this State, and all money in
vested in property OF any kind, which is
secured by deed, mortgage or otherwise.
which the person holding such deed, or
mortgage, or evidence of claim is bound,
by any lease, contract, or agreement, to
reconvey, release, or assign upon the
payment Of any specified sum or sums,
and the capital and stock of brokers invest.
cd in their business, and of all persons
dealing in money, notes or bills of ex-
change; provided, that pensions receiv.
able from the United States, or from any
OF them, and salaries or payments ex-
pected to be received for labor, or services
10 be performed or rendered, shall not be
held to be annuities within the meaning
of this act.
..,,.. PROPERTY EXEMPT FROM TAXATION.
70 SEC. 8. All property described in this
section, to the extent herein limited, shall
be exempt from taxation; that is 10 say:
lst. All public buildings occupied or used
exclusively as public school houses, or as
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 not leased OF
otherwise used with view to profit. Cd
All lands used exclusively as graveyards
or grounds for burying the dead. Sd. All
buildings belonging to scientific, literary
or benevolent societies, used exclusively
for scientific. literary or benevolent pur.
poses, together with the land actually oc.
gcupied by such institutions. not leased 'oI
Otherwise used with view to profit, and
all books, papers, furniture, apparatus and
instruments belonging to such societies
used solely for literary, scientific or benev
olent purposes. But no society, other thar
such as are public, and such as shall have
been instituted and shall be devoted ex
clusively to scientific literary or benevo
lent purposes, shall be deemed a literary
scientific or benevolent society, within thu
meaning Of this act. 4th. All moneys ant
credits belonging exclusively to universi
ties, colleges, academies or public schools
sot whatsoever name, or 10 religious, scien
.ti6c, literary or benevolent societies, ant
appropriated solely to sustaining such in
stiiutiohs or societies, not exceeding il
amount, or in the income arising thereon
The amount prescribed by the charter o
such society; Provided, the same does no
exessd the sum of ten thousand dollars il