Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1856-04-17

einess IN thls ctatet ana suah uisoouuAI ouyt
sell exchange. or otherwise deal in or receive
10 depOsits money. bills Of exchange, notes,
bonds, stocks. certificates Of public debt, or
other evidence Of debts, claims or demands:
With view Of profit. shAllb be deemed bank
within the nesniDg Ofthis act, and for the Pur.
pose OF carrying out its provisions.
sEcrIoS3 3. The word ''mOAsy'' and ths word
',noneys," whenever used in this act. or in the
acts to which this is amsndatOry. shall for all
purposes Of assessment and taxation, be held
(, have the same meaning, and shall be updsr.
stood 10 mean and include,
Frsi-Gold and silver coin;
Second Geld and silver in bars or other un'
coined masses. whether the value be stamped
thereon or not;
( 7Rird-Bank notes designed or calculated to
circulate as money, in all cases where such gold
silver, or bank notes shall be in actual posses
sOa or subject TO be brought Immediately to
possession.
Fo,rtk--Deposites 10 banks or with persons,
within this State, subject to be Withdrawn by
check, draft, or Otherwise, in money, on de-
mand.
FyM-Deposites subjest 10 be Withdrawn in
money at any time within sixty days, in backs
within this State, not subject to taxstiOn under
the provisions OF this act, or with banks ban
kers, or other persons not within this State.
SECTION 1. Money shall, for every purpose Of
assessment and taxation hereafter, be held to
be personal property--and the term personal
property" wherever used in this act, or in the
acts to which this is amendatory, shall be hold
TO extend to and INCLUDE money,
SECTION s. The term ''crsdits," wherever
used in this act, or in tie acts to which this is
amendatory, shall be held TO mean the excess
Of the sum Of all legal claims and demands,
whether for money or other valuable thing, OF
for labor or service due or to become due tC
the person liable TO pay taxes thereon, including
deposites in banks or with persons in or out o.
this State, other than such as are held to be
money as defined BY the 9th division Of the
third section, when added together, ESTIMATING
every such claim or demand at its true value
in money! over and above the sum of the ls'
gal, bona ade debts owing by such person.
But in making up the sum Of such debts oW-
ing, there shall be taken into account no obliga-
ton to any mutual insurance company, mol
any unpaid subscription 10 the capital stock o
any joint stock company. nor any subscription
for any religious, scientific, literary, or charita
BILE pun ulpose-nor any ackno wledgment Of indebt
edness unless founded on some consideration
actually received and believed at the time
making such acknowledgment to be full con
consideration therefor; nor any acknoWIedg
me Mt Of debt made for the purpose m diminish
ing the amount Of credits to be listed for taxa
ton; nor any greater amount or portion ofan.
liability as surety, than the persoA required t
make a statement Of such credits believes sue
surety in equity bound, and will be cOmpelle
to pay, or to contribute, in case there be CO. sc
curities.
SrcrIoN G. No person shall be required to lis
for taxation any certificate 81 the capital stock G
any company the capital stock and property O
which is taxed in the name Of said company. -
Personal property ofevery description and cred
it's, shall be assessed in the name Of the per
son who was the owner thereof on the day il
which such assessment shall he made. II an
person SHALL for the purpose of avoiding th
listing or the payment Of taxes on any prop
erty subject to taxation, sell, give away, o.
otherwise dispose Of any such property unde
or subject to any agreement expressed or i'm
piled, or any understanding with the purcha
ser, doAee or recipient thereof, that the same il
to be rsconvtyed, restored or redelivered t.
the person so dispOsing OF such property, hi
shall forfeit Rnd pay for the use of the county
double the amount of tax, chargeable on sucl
property for the current year.
SECTION 7. Every bank shall, annually. be
tween the hrst and the second Monday of May
make out and, on the demand of the assessor
deliver to him correct statement, aItesteu o.
the oaths of the president and cashier Of sucl
bank, or if there be no president or cashier
then By the oaths of the principal manager an'
the principal accountant of such bank setting
forth and specifying the mean amount Of th'
notes and bills discounted or purchased, mon
eys loaned, and all other property. effects O.
dues of every description Of and belonging t.
sach bank during the year ending the frs
Monday Of May in the then current year
which statement the assessor shall deliver t
the county auditor with his statements and list
of personal property and credits.
SECTION 8. Such mean amount shall be as
certaned by adding together the sum Of tn
Al