The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1856-04-17
6m,raI 9abs Of 0Bia.
PUBLISHED BY AUTHORITY.
AN ACT


eording 10 its true value in money" an
theseveral acts supplementary and amer
datury thereof,
SEcIlox I. Be IL saaetsd by the Gensr6
AssemIly Of he Stale Of OaiO, That the wor
"peTson,n wherever used in this act. shal
also be held to apply to and mean "persons, !,
and also "eoHnpahy" and companies" wheth
er incorporated or not; the word che" shal
be held to mean as well .ske" or " Them an
the word "kis" to mean also "hers'' O
.,tkeirs," os the sense may indicate, excep
in cnses where one Of said words is used i
contradistinction from another
SEcTIos Q. Every corporation, company
individual, person or association Of persons
whether aulhorized by law to issue notes 70
circulation'or not, that shall keep an Office
counting house, or other place for the trans
action Of business in this State, and shal
discount, buy, sell, exchange, or otherwis,
dea! in or receive in deposite money, bill
Of exchane, notes, bonds, stocks, certificates
Of public debt, or other evidence of debts
claims or demands, with 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 thC
word "monsyss' whenever used in this act
or in the acts TO which this is nmendatory
shall for all purposes Of assessment ant
taxation, be held to have the same meaning
and shall be understood to mean and include
Firsi-Gold and Silver coin;
Secoad-Gold and Silver in bars or otheI
al L.
stamped thereon or noti-
Third-Bank notes designed or calculs.
ted to circulate as money, IN Ill cases where
such gold, silver, or bank notes shall be in
sctual possession or subject to be brought
Immediately into possession.
FomIh-Deposits in banks or with per.
sons within this State, subject to be with.
drawn by check, draft or otherwise, in mon.
ey; on demand.
Fyh-Deposits subject TO be Withdrawn
In money at any time within sixty days, in
banks within this State, not subject to tax.
alton under, the provisions of this act, OF
with banks, bankers, or other persons moi
within this State.
SECTION 4. Money shall, for every pur.
pose of assessment and taxation hereafter
be held to be personal property-and the
term ''persona! property" wherever used il
this act. or in the acts to which this is amend
story, shall be held to extend to and include
money.
SECTION 5. The term "credits," wherey
or used in this act, or in the acts to which
this is amendatory, shall be held to near
the excess of the sum of all legal C aimi
and demands, whether for money or othel
valuable thing, or for labor or service due Of
70 become due to the person liable to pay
taxes thereon, including deposits in banks
or with persons in Or out Of this State, 9th
er than such as are held to be money as de.
fined by the fifth 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 lie.
gal, bonafde debts owing by such person.
But in making up the sum Of such debts ow-
ing, there shall be taken into account no
obligation to any rfdtnal Insurance company
nor any unpaid subscription to the capital
stock Of any joint stock company, nor any
subscription for any religious. scientific, lit
erary, or charitable purpose-nor any ac
knowledgement of Indebtedness unless foun
ded on some consideration actually received
and believed at the time Of making such ac.
krowledgment TO be full consideration
therefor; nor any acknowledgment 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 Ii
ability as surety, than the person required tc
make statement of such credits believe:
sneh surety is in equity bound, and will be
compelled to pay, or to contribute, in case
there be co-securities.
SECTION 6. No person shall be required
10 list for taxation any certificate of the cap.
ital stock Of any company, the capital stock
and property Of which is taxed in the name
of said company. Personal property of ey.
cry description and credits, shall be assess.
ed in the name OF the person who was the
owner thereof on the day next preceding the
second Monday of April in the year in which
such assessment shall be made. II any per.
son shall, for the purpose of avoiding the
listing or the payment of taxes on any pro-
perty subject to taxation, sell, give away
or otherwise dispose of any such property
under or subject to any agreement express
Cd or implied, or any Understanding with
the purchaser, donee or recipient thereof
that the same is to be reconveyed, restored
Or r,.lelivered t. the person 50 dsposing o
such property, he shall forfeit and pay 70,
the use Of the county double the amount o.
tax, chargeable on such property for the cur
rent year.
SECTION 7. Every bank shall, annually
between the first and second Mondays o
May, make out, and, on the demand of tn,
assessor, deliver to him a correct statement
attested by the oaths of the president am
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
ant OF such bank, setting forth and specifyinI
the mean amount Of the notes and bills dis
counted or purchased, moneys loaned, an
oil other property, effects or dues of ever
description of and belonging to such ban
during the year ending the first Monday G
May in the then current year; which state
snent the assessor shall deliver to the count
auditor with his statements aad lists of pei
sonal property snd credits.
Section 8. Su,h mean amount stall b
nscertained by addins- together the sun
several items specified in the preceding set
tion.the property of such bn,,s, and employe
in, or Pertaining to its banking business;
they existed on the first Monday of eac
Month, after the close OF business Gu thos
days, during the year ending on the FIR
Monday of May, or during such part Of u
year as such bank shall have been dojn
banking business, il less than the whole yea
and dividing the gross amount of sue
monthly sums by the number of months
added together.
Section 9. Every bank shall at the tim