Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1856-05-06
LAW S OF OHIO.
PUBLISHED BY AUTHORITY.
AN ACT.


the several acts supplementary and amen
datory thereof.
SECTION /. Bet enacted By the Genera
assembly Of the State Of Ohio, That the
word 'person," wherever used in this act
shall also be held to apply to and near
'.perSnns," and also company" and "cons
panies," whether incorporated or not; the
the word "he" shall be held to mean as
well "She" or 'them" and the word his
to mean also "hers" or "heirs" rs the sense
may indicate, except in cases where one O
said words is used in contradistinction from
another.
SEO. Q. Every corporation, company, in.
dividual, person, or association of persons.
whether authorized by law to issue notes
for circulation or not, that shall keep an Of
flee, counting house, or other place for the
transaction Of business in this State, and
shall discount, buy, sell exchange, or 9TH
erwise deal in or receive in deposite money,
bills of exchange, notes, bonds, stocks, cer7
tificates Of public debt, or other evidence
of debts, claims OF demands, with a view oi
profit, shall be deemed bank within the
meaning Of this act, and for the purpose oi
carrying out its provisions.
SEC. 8. The word ''money," and the
word "nsoneys," whenever used in this act,
or in the acts TO which this is amendatory
shall, for all purposes of assessment and
taxation, be held 10 have the same meaning,
and shall be understood to mean and in
clude,
First-Gold and Silver coin;
iSecond-Gold and silver in bars or 9th
er uncoined masses, whether the value be
stamped thereon or not;
IHird-Bank notes designed or cacula.
ted to circulate as money, in all cases where
such gold, sivar. or bank notes shall be ii
actual possession Or subject to be brought
Immediately into possession.
Foarth-Deposits in banks or with per
sons within this State, subject to be with
drawn by check, draft, or otherwise, il
money, on demand.
Fyth-Deposits subject TO be Withdrawn
in money at any time within sixty days, il
banks within this State, not subject to tax
alton under the provisions Of this act, OIL
with banks, bankers, or other persons no
within this State.
Sec 4. Money shall, for every purpose
of assessment and taxation hereafter, b.
held to be personal property-and the term
'personal property" wherever used in thil
act, OF in the acts to which this is amenda.
tory, shall be held to extend 10 and include
money.
SEC. 5. The term "credits," wherever
used in this act, or in the acts to which thi:
is amendatory, shall he held to mean the
excess of the sum Of all legal claims and de
mads, whether for money or other valuable
thing, or for labor or service due or to be.
come due TO the person liable to pay taxes
thereon, including deposits in banks or with
persons in or out of this State, other than
such as are held to be money as defined by
the fifth division of the third section, wher
added together, estimating every such
claim or demand at its true value in money,
over and above the sum of the legal, bona
tide debts owing TO such person But ii
making up the sum of such debts owing
there shall be taken into account no obliga
ton to any mutual insurance company, mol
any unpaid subscription to the capital stock
of any joint stock company, nor any sub
scrip.ion for any religious, scientific, litera
ry, orcharatable purpose nor any acknowl
cdgmcnt of indebness unless founded OF
some consideration actually received and be
Iieyqd, at the time Of making such acknowl
cdgment to be full consideration therefor
nor any acknowledgment of debt made 70
the purpose of diminishing the amount O
credits TO be listed for taxation; nor an,
greater amount or portion OF any liability a
surety, than the person required to make
statement OF such credits believes such sure
ty is in equity bound, and will be com
PEELED TO pay, or to contribute, in case there
be co-securties.
Sec. 6. No person shall be required tt
list for taxation any certificate OF the capita
stock Of any company the capital stock anc
property of which is taxed in the name o
said company. Personal property of ever!
description and credits, shall be assessed il
the name Of the person who was the owne
thereof on the day next preceding the sec
ond Monday of April in the year in whicl
such assessment shall be made Ifany pei
son shall, for the purpose of avoiding tn
listing or the payment of taxes on any prop
erty, subject to taxation, sell, give away
or otherwise dispose of any such propert,
under or subjectto any agreement expressed
or implied, or any understanding with tn
purchaser, donee or recipient thereof, tha
the same is to be reconveyed, restored, o
delivered to the person SO disposing of sucl
property, he shall forfeit and pay for tn
use of tie county double the amount of tax
chargeablc on such property for the cur
rent year.
Sec. 7. Every bank shall, annually, be
tween the first and second Monday of May
make out, and on the demand Of the asses
sOr, deliver to him correct statement, at
tested by the ooths Of the president an,
cashier Of such bank, or if there be no pres
ident or cashier, then by the oaths of tn
principal manager and the principal account
taut of such bank, setting forth and specify
inc the mean amount of the notes and bill
discounted or purchased, moneys loaned
and all other property, effects or dues c
every description of and belonging to sue
bank during the year ending the first Mon
day of May in the then current year; whicl
statement the assessor shall deliver to tn
county auditor with his statements and list
of personal property and credits.