Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1851-05-01
Laws. iO--PubIIshed by Authority
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each and every banking institution incorpo.
rated by the laws Of this State, and having
The right 10 issue bills or noles for circula.
tion, at The Time for listing personal proper
ty under the laws Of this Stale, 10 lis, The
capital stock of such banking institution, un-
der oath, ataits true value in money, and re-.
turn the same, with the amount of surplus
and contingent fund belonging 10 such bank.
ing institution, 10 The assessor Of the town.
ship or ward in which such banking inslilu.
tioD is located; and the amount so returned
hall be placed on the grand duplicate of the
proper county, and upon The city duplicate
for city taxes, in cases where such city tax.
es does not 60 upon the grand duplicate, but
is collected by the city officers, and taxed
Tor llie same purposes, and 10 the same ex
tent that personal properly is or may be re.
quired TO be taxed, in the place where such
bank is located and such tax shall be COL
lecled and paid over in The same manner that
taxes on other personal property are required
by law 10 be collected and paid over; pro.
yided, however, that the capital stock of any
bank shall not be returned or taxed for less
amount than its capital stock paid in.
SEC. 2. Each assessor of any township
or ward, within The limits OF which any bank
or banking company may be located, SHALL
in case any .Sresiden, or Cashier of such
bank or banking company, shall refuse or
neglect 10 make out and deliver 10 the as.
SCISSOR the statement herein required, enter
as the amount Of capital, so per cent. in
addition TO the amount of the capital stock
OF said bank or banking company, and shall
return the same 10 the county auditor, or TO
such other officer as the law regulating his
duties may require; provided, that in cases
where city taxes are assessed and collected
by the city authorities, the taxes upon banks
as provided for in this act, shall be assessed
and collected the same as city taxes upon
other properly. for The lime being, are as
sesse and collected in such city.
Sec. 8. The Ohio Life Insurance and
Trust Company shall be taxes upon its cap.
ita stock, loaned in The several counties.
which shall be returned by the president or
cashier OF the company, under oath, to The
several county auditors, in The month oil Nav
annually, the average rate per cent oil the
taxes Tor oil purposes levied upon the cal
and personal properly Of such counties; and
If The SAID company shall fail 10 return to
The auditor Of the several counties, the
amount Of its capital stock loaned in each
county, before the frs. day of June, annual.
ly, the county auditor shall ascertain from
The record Of mortgages or olher evidence,
the amount of tn, loans made by said c, m.
pany in his county, and he shall place the
amount so returned, or ascertained, upon the
duplicate, and levy thereon The average rate
or per cent. of the taxes levied for all pur.
poses, upon the real and personal properly
Of the county. which tax shall be collected
BY the county treasurer, and distributed, by
giving 10 the Stale its proportion, according
to the rate levied for State purposes, and 10
the county, townships, towns, corporations.
and rural districts, their share of The balance,
respectively, in proportion to The several
amounts on which the average rates shall
have been determined and in case deCaul,
shall be made in the payment of such tax,
within the time limited by law, it hall be the
duty Of the county treasurer 10 proceed 10
collect The same; and for that purpose he
may file bill in chancery in the court Of
common pleas of the proper county, setting
forth the amount of taxes assessed against
said company, and The names of the deb.ols
OF said company, as uMoqs by the
records OF such county, and it shall be The
duly Of such. court to take jurisdiction there.
OF, and 10 grant an injunction, appoint u re-.
ceiver, and make such other and further or.
der, as may be necessary O subec, the in
terest accruing on the loans of said company
TO the satisfaction of the tax aforesaid, with
the penalties and interest thereon as provi.
ded by law; and all The capital stock of said
company, no, loaned in the several coun.
ties of the State, and returned and taxed as
aforesaid, shall be listed for taxation, and
returned by the president anG cashier of said
institution, under oath, al its true value in
money. and entered, together with the sur.
plus and contingent fund of said company,
upon The grand levy for Hamilton county,
and taxed for The same purposes and 10 the
same extent that other personal pruRer,y is
taxed in the ward in W hich the office of said
company is kept.
Sec. 4. 1t shall be the duty of every as.
SCISSOR in whose jurisdiction there shall be
located any bank or banking company, to
leave with some proper officer of said bank
or banking company, notice 10 make ou,
and deliver the statement required in the first
section Of this act. eI
Sec, s. The taxes levied and collected in
pursuance Of the provisions Of this oct, shall
be in lieu of any taxes which such bank
or banking company would, by exist.
ing laws, be required 10 pay on its dividends
or profits.
Sec. 6. Stocks or shares held in bank +,
banking companies or banking association !,
or in other incorporated companies or asso :
Citations in other States, and State stocks of
other States held by corporations or citizens
of this State, either for themselves or us
agents or guardians, shall be subject 10 TAXA
ton, The same as bonds, mortgages, notes or
other evidences Of debls, held by citizens of
this Stale, are now taxable BY the laws of
this State.
SEC. 7. All laws or parts of laws incon.
sistent with the provisions Of this act are
hereby repealed.
JOHN F. MORSE.
Speaker of the House of Reps.
NIAC HONUEnd