Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1852-04-19
= LAWS OF OHIO.
AN ACT
PUBLISHED BY AUTHORITY

For the assessment and taxation of oil property
4 in this State. and for levying taxes thereon
4 according to its true value in money.
SEC L. Be it enacted By tie Genera
Assembly Of the State Of Ohio, Tint al
property, whether real or personal, in TINS
State, all monies, credits, investments in
! bonds, stocks, joint stock companies, OF
otherwise, of persons residing therein; the
| property of corporations now existing, or
hereafter created, and the property of oil
banks, or banking companies, now existing,
/ or hereafter created, and Of all bankers, ex-
cept such as is hereinafter expressly exempt,
ed,shall be subjecstotaxalion, and such pror.
erty, moneys, credits, investments in bonds,
stocks, joint stock companies or otherwise,
or the value thereof: shall be entered on
the list of taxable property, for that pur-
pose, in the manner prescribed by this act.
Definitions. 7.
| Sec. 2. The terms ssfeal property" and
"land," wherever used in this act, shall be
held 10 mean and include not only the land
itself, whether LAID out In town lots or other
wise, with all things contained therein, bn.
also, oil buildings, structures andimprovs>
men.s, trees and other fixtures Of whatso-
ever kind thereon, and all rights and privi-
leges belonging, or in anvwise appertainlng
thereto The term ''inyestments in bonds" :"
wherever used in this act, shall be held 10
mean and include all moneys invested in
| bonds, of whatsoever kind, whether issued
| by Incorporated or uBincol poratsd COM
panies, towns, cities, townships, counties,
states or other corporations, or by tie
United States, held by persons residing
IN. this state, whether for themselves or
as guardians, trustees or agen's on which
the holder thereof is resolving or enti-
lied 10 receive interest. The term sin.
vestnents in stocks" wherever used in
this act, shall@be held to mem and include
all moneys invested in the pubic stocks OF
this or any other state, or of the United
States, or in any association, corporalon,
joint stock company or otherwise, the stock
or capital Of which is or may be divided in
| to shares, which are transferable by each
onner, without the consent of the other
| par.ners or stock holders, for the taxation
of which mo special provision is made by
this act, held by persons residing in this
| state, either forthemselves, or as guardians,
trustees or agents. The term ''oalh'
wherever used in this act, shall be held to
mean "oalh' or s'affirmalion.' Every
word in this act importing the masculine
gender, may: extend and be applied tof fe-
males as well as males. The term sper>
sonal property wherever use in this uct,
shall be held 10 mean and include,
lst. Every tangible thing being the subs
/ ject of. ownership, whether animate or in
animate, other than money, and not form.
ing part of any paree. Of real property, as
hereinbefore defined.
ID. The capital stock, undivided profits,
and all other means, not forming part ol
thecapital stock ofevery company, whether
Incorporated or sunincorporated, and every
share, portion or interest in such stock,
| profits or means, by whatsoever name the
same may be designated, inclusive sf every
share or portion. right or interest, either
legal or equitable IN, and TO every ship
vessel or boat, of whatsoever name or de-
scrption, used or designed to be used either
exclusively or partially, in navigating any
] Of the waters within or bordering on this
state, whether such ship, vessel or boat
shall be within the jurisdiction of this state
or elsewhere, and whether thesame shall have
been enrolled, registered or licensed AT any
collectors Office, or within any collection
district in this state or not, The tern
E"money'' or ..moneys" wherever used ir
This act, shall be held 10 mean and include
gold and silver coin, and bank notes IN &C
lual possession, and every dePosite wh'ct
the person owning, holding in trust or nav
ing the beneficial int crest therein, IS entI
lied 10 withdraw IN money, on demand
The term .scredits'' wherever used in thl
act, shall be held TO mean and include ever,
claim or demand for money, labor or othe
. valuable thing due or 10 become due. In
Ecluding book accounts, and every annuity
i or sum Of money receivable at stated peri
DDS, and all money invested in properly
any kind which is secured by deed, mort
gage or otherwise, which the person hold
ing such deed or mortgage or evidence o
claim. is bound by any lease. contract o.
agreement 10 reconvey, release or assign
upon the payment Of any specified sum 0
sums; provided, that pensions receivable
! from the United States, or from any
them, salaries or payments expected to ~
received for labor or services 10 be per
! formed or rendered shall not be held TO b.
annuities within the meaning of this act.
Property Exempt from Taxation. s.
: Sec g. All properly described in tn,
section, to the extent herein limited. shai
be exempt from taxatien, that is to say
lst. All public school houses, and house
, used exclusively, for public worship, III
books and furniture therein, and The ground
attached to such building necessary for Ia
proper occupancy, use and enjoyment G
;, the same. and not leased, or otherwise use
with view to profit. All colleges, ocads
mics; oil endowmenis made for their SUI
port; ali buildings connected with the sans
and all lands connected with institutions {
earning, not used with view to prohs'-