The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-06-28
April Sth, 1856.
AN ACT

April Sth, 1886.
No 30. AN ACT
Further to amend "an act for the assessment
and taxation of all property in this State,
and for levying taxes thereon according to its
true value in moneys and the several acts
supplementary and amendatory thereof.
SEcrroN l. Be- it enacted by the General AS
sembly Of the State of Ohio, That the ward
person" whatever used in this act, shall also
be held to apply TO and mean persons" and
also "compiny,' and companies whether in
corporatcd oi not the word "hc," shall be held
to mean as well She,' or "them," anil the
word his TO mean also hers" or " THEIRS"
as the sense may Indicate except in cases where
one of said words is used in contradstnction
from another.
SEcTioN ,. Every corporate company, in
dividual, person or association of persons,
whether authorized by law to issue notes for
circulation or not, that shall keep an Office
counting house, or other place for the transac-
ton of business in this State, and shall dis
count, buy, sell, exchange, or otherwise deal in
or receive in deposit money, bills of exchange,
notes, bonds, stocks, certificates of public
debt or other evidence of debts claims or de-
mands, 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 3. The word money" aud the word
moneys whenever used i'll this act, or in the
acts TO which this is amenddtory, SHALL for all
purposes of assessment and taxation, be held to
have the same meaning, and shall be understood
to mean and include,
FIRsT-Goll and silver coin
SEcoND-Gold and silver in bars or other un
coined masses, whether the value be STAMP ell
thereon or not;
THIRD-Bank notes designed or calculated to
circulate as money, in all 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 persons
within this State, subject to be withdrawn by
checks, drafts, or otherwise, in money, on dc
mand.
FIFTu-Deposis subject to Re withdrawn in
money at any time within sixty days, in banks
within this State, not subject to taxation un-
der the provisions of this act, or with banks,
bankers, 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 amcndatory, shall be held
to extend to and include money.
SECTION 5. The term credits" wherever
used in this act, or in the acts to which this is
amendstory, shall be held 10 mean the excess OF
the sum of all legal claims and demands, wheth-
er for money or other valuable thing, or for la
Dor or service due or 10 become due to the per-
son liable to pay taxes thereon, including de-
posts 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 sec
ton, when added together, estimating every
such claim or demand at its true value in
money! over and above the sum Of the legal,
bona Gde 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 unpaid
subscription TO the capital stock of any joint
stock company, nor any subscription for any
religious, scientific, literary, or charitable pur-
pose-not any acknowledged of indebted
/ Ness unless founded on some consideration act
uully received and believed at the time of maxi
ing such acknowledge to be full consid-
| Grafton therefor nor any acknowedg of
debt made for the purpose OF diminishing the
amount OF credits to be listed for taxation nor
any greater amount or portion of any liability
as surety, than the person required 10 make a
statement of such credits believes such surety is
in equity bound, and will be compelled to pay,
or 10 contribute, in case there be CO co-securites.
| Section 6. No person shall be required TO list
for taxation any certificate Of the capital stock
of any company the capital stock and property
of which is taxed in the name of said company
Personal property OF every description and
Credits shall be assessed in The name OF the per-
son who was the owner thereof on the day next
preceding the second Monday of April in the
year in which the assessment shall be made
If any person shall, for the purpose of avoiding
the listing or the payment of taxes on any
property subject TO taxation, sell, give away or
otherwise dispose of any such property under or
subject 10 any sgreement expressed or implied,
or any understanding with the purchaser, donee
or recipient thereof, that the same is to be re-
conveyed, restored, or redelvered to the person
so disposing of such property, he shall forfeit
and pay for the use of the county double the
amount Of tax, cbargable on such property for
the current year
| SECTION Z. Every bank shall, annually, be-
tween the first and the second Monday of May
make out, and on the demand of the assessor
deliver to him a correct statement, attested by
theoaths OF the president aud cashier OF such bank
or if there be no president or cashier, then by
the oaths of the principal manager and the
| principal accountant OF such bank, setting forth
and specifying the mean amount Cf the notes
and bills discounted or purchased, moneys loan
ed, and all other property, effects or dues of eve
ry description Of and belonging to such bank
during the year ending the first Monday in May
IN the then current year which statement the
ASSESSOR shall deliver to the county auditor with
his statements and lists Of personal property and
| credits.
SEcTIoa 8. Such mean amount shall b. ascer-
| tainel by addiDg together the SUN of the sever.