Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1856-04-04

'tsASS IAoIeOll, lucluulOg ueDOSltS III DalkS-
or with persons of this State, other than
such rs are held to be money, as defined By
/ the 5th division of the Sd section, when
added together estimating every such claim
or demand as its true value in money over
and above the sum Of the legal bona tide
debts owing by such person. Excludes as
debts obligations to Mutual Insurance Com
panies unpaid subscriptions to Joint Stock
Companies, subscriptions for religious, sci
entific, literary or charitable purposes, obi
cations, of Indebtedness, unless for value re-
ceived and Acknowledgements of indebted
ness, made for the purpose of diminishing
the amount of credits to be listed, nor a
greater amount of credits to be listed, nor
a greater amount or portion of liability as
surety than the persons listing is in law to
be compelled to pay.
! Sec. 6. Certificates in Capital Stock of
companies, where stock, DC, is taxed in
their own name not required to be listed
Personal property and credits to be assess
ed in the name Of the persons owning the
same, on the day preceding the I'd Mon
day in April. Furnishes transfer of prop
erty fraudulontly made with view to
evadc assessment with forfeiture to the
county of double the amount of tax charge
able on such property for the current year.
Sec. z. Requires Banks to deliver the as
SCISSOR annually, between the first and sec
ond Monday of May, statement, verified
by the President and Cashier, or, if there
be none, then by the principal manager
and principal accountants, of the main
amount of ''notes and bills discounted or
purchased, moneys loaned, and all other
property, effects or duds" belonging thereto
during the year, or part thereof ending on
the first Monday Of May, in the current
year.
Sec. 8. Provides for assertaining such
'mein amount" by adding together the
sum of several items specified in the 7th
section, belonging to and employed in bank
ing, as they existed on the 1st Monday of
each month after the close of business on
those days, during the year, or part
thereof, ending OF the lst Monday of May,
and dividing the gross amount of such
sums by the number of months so
added together
Sec. 9. In addition to the requirements
of Sec. z, requires banks to make out and
deliver to Assessors a verified statement of
lst The amount of capital actually paid
in our secured in any way to be paid, to be
employed in its business.
I'd. The amount of undivided profits ari-
sing from the business belonging to the
bank, whether in possession, control, loaned
Or invested for its benefit.
Sd The amount of moneys loaned to or
deposited with such bank for term GER
tain, and not to be withdrawn on demand;
which several amounts shall truly represent
he means, property and assets of the bank
described in this section, as they shall have
existed on the day next preceding the sec
md Monday of April, and then added to-
yether, and the gross sum shall be the
Imount of property employed in banking
,y such baA for the then current year.
Sec. 10. Provides that the Assessor shall
hall return to the County Auditor the
statements required by this and the 7th
Sec.
Sec. II. Directs the County Auditor to
inter on his list Of taxable property, and or
he duplicate for the current year-to be
delivered to the County Treasurer-the
ross amount of the properties and dues of
very description, (without deduction,) of
very bank in his county, agreeable to the
required by the 7th Sec, charg-
ng thereon, asuch rates of taxes as will
,roduce the same sumras would be produc-
d by charging on the amount of property
BY such bank in banking" as as
ertained in the Sec, ''the same rates of
ak as are charged the same year on the
property of individuals in the same town I
hip, Incorporated village or city in which is
he bank. i
Sec. u. Exempts from taxation invest t
nents in the public debt of Ohio; and from
he provisions of this act, Banks, which by
he provisions of the Constitution of the t
United States can only be taxed according
o the terms of their charter-and every such
Bank shall be taxed in accordance there 6
With. !
Sec. Is. Provides that the Ohio Life and s
rust Company shall make out, on or be- 7
ore the first Monday of May, verified 7
of money loaned and dues of t
very description, in every county where
lch loans and dues existed on the day next +
the second Monday of April |
revious, and transmit the same to the Au- f
itors of such counties, who shall seycrally
nter the same upon the tax list and charge
hereon the average rate of taxes levied for i
Il purposes on personal property in such t
ounties; they shall make out and deliver to
be Assessor for the ward in which is their S
rincipal Office, the statement required of
ther Banks by 7th and 9th sections, and in
nc same manner, of all of its taxable
roperty not returned to the counties as
foresaid, which property shall be taxed as \
ther Banks are taxed. G
Sec. IA. Repeal sections 10, Is, 19, 90 I
nd % of the Tax Law of April 13, 1852. $
Sec. Is. Provides that the law shall 90 r
lto effect on the lst of April. r
Slaves for Kansas. II
The Highfyer, in this morning from t
- IL !