The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1856-04-16
LAWS OF OHIO.
PUBLISHED BY AUTHORITY.
AN ACT.

Further to amend. "an act for the assess
ment and taxation of all property in
this State, and for levying taxes thereon
according 10 its true value in money"
aud the several acts supplementary and
amendatory thereof.
SECTION l. Be 1t enacted By the Cen
ssaf assembly Of the State Of Ohio, That
the word person" wherever used in this
act, shall also be held to apply to and
mean persons, +" and also company" and
companies" whether Incorporated or mot;
well ssh" or "tae,n." and the word "his'
to mean els "kers" or "Meirs," as the
sense my indicate, exc ,pt in eases where
ole of said words is used in contrads g.
t~inctioa from another.
SEcTioS 2. Every corpora i'm. COM
pany. individual, person or association of
prisons, whether au hNized by law to
issue notes for circulation or not, that
shall keep IN Office, counting house, or
other place for the transaction OF busi-
n .ss in this Safe, and shall discount, buy,
soli, exchange, or otherwise deal in Or re-
c,ive in deposit money, bills of exchange,
notes, bonds, stocks, certificates of public
debt, or tier evidence Of debts, claims
or demands, with a view of profit, shall
be deemed bank within the meaning Of
this act, and for the purpose Of carrying
out its provisions.
SECTION 8. The word "money," and
the word "n,ou,ys," whenever used in this
act, or in the acts to which this is amen
datory, shall, for all purposes of assess
mcTt and taxation, be held to have the
same meaning, and shall be understood to
mean and include,
First-Gold and silver coin;
Second Gold and silver in bars or
other u~ncoined masses, whether the value
be stamped thereon or not;
Tird--Bank notes designed or calcu-
lated to circulate as money, in oil cases
where such gold, silver, or bank notes
shall be in actual possession or subject to
be brought Immediately into possession.
Fourth-Deposits in banks or with per-
sons within this State, subject to be with
drawn by check, draft, or otherwise, in
money, on demand.
Fyfh-Doposits subjectto be Withdrawn
in money at any time within sixty days,
in banks within this s ate, not subject to
taxation under the provisions of this act,
or with banks, bankers, or other persons
not within this State.
SECTION 4. Money shall, for every
purpose of assessment aud taxation here
! after, be held to be personal property
and the term s1psrsonal property" wherever
used in this act, or in the acts to which
this is amcndatory, shall be held to extend
to and include money.
SECTION S. The term credits, wherey-
er used in this act, or in the acts to which
this is amendatory. shall be held to mean
the excess of the sun of oil legal claims
and demands, whether for money or other
valuable thing, or for labor or service due
or to become 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, when added together,
ESTIMATING every So. IA ca m or demand
ct its true value in money over and above
the sum of the legal, bona 6de debts owing
by such person. But in making up the
sum of such debts owing, there shall be
taken into account no obligation to any
mutual insurance company, nor any un'
paid subscription to the capital stock Of
any joint stock company. nor any sub.
scription for any religious, scientific, liter
AIRY, or charitable purpose nor any
acknowledgment of Indebtedness unless
founded on some consideration actually
received and believed at the time of max
ing such acknowledgment to. be a full con
sideration therefor; nor any acknowledge
ment of debt made for the purpose of di
m:nishing the amount of credits to bs
listed for taxation; nor any greater amoun'
or portion of any liability as surety, thar
the peison required to make a statement
of such credits believes such surety is il
equity bound, and will be compelled to pay
OF to contribute, in case there be co-secu'
rites.
SECTION g.. No person shallbe rcquir
ed to list for taxation any certificate o
the capital stock of any company, the cap
ital stock and property of which is taxed
in the name of said company. Persona
property of every description and credits
shall be assessed in the name of the per
son who was the owner thereof on tn,
day next preceding the second Monday o
April in the year in which such assess
ment shall be made. If any person shall
for the purpose Of avoiding the listing o.
the payment of taxes IN any property
subject to taxation, sell, give away, or 9th
erwise dispose Of any such property under
or subject to any agreement expressed Of
implied, or any understanding with tn,
purchaser, donee or recipient thereof, tina
the same is to be reconveyed, restored, o.
redeliyered to the person SO disposing o
such property, be shall forfeit and pay fo1
the use of the county double the amour
Of tax, cbargeable on such property fol
the current year