Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1856-04-17

the condition Of the means property and
assets of the bank described in this section,
as they shall have existed on the day next
preceding the second Monday in April and
shall be added together, and the gross sum
SO produced, shall be deemed the amount
of property employed in banking for the,
then, current year by such bank.
Sec. TO- The assessor shall return to the
county auditor the statement described in
the foregoing section made BY any bank ih
his township or wsrd, with tire statement re-
quired of such bank by the seventh section
of this act.
Sec. IL. The county auditor shall enter
upon his list Of taxable property, and on the
tax duplicate for the, then, current year. to
be delivered to the county treasurer the
gross amount of the notes or bills discoun
ted OF purchased, MONEYS loaned, and all
other property, effects or dues of every
description, without deductionl Of every
bank in his county, agreeablv to the state
ment made by such bank in accordance
with the seventh section of this act, and re-
turned to him by the assessor. and shall
charge on such gross amount so entered on
the tax duplicate such rates oftaxes as will
produce the same sum as would be pfo-
duced by charging on the amount of prop
erty employed by such bank in banking
a,certained as provided in the ninth sec
ton the same rates of tax as are charged,
for the same year, on the property of in
dividuals in the township, iLco porated
village or city in which such bank is stu
ated or transacis its banking business.
SEC. II. That nothing in this act shall
be so construed as to require 10 be listed
for taxation, any investments made in GER
tiicates oflhe public debts oflhis Stats,Eor
shall this act apply to any bank or corpora
ton which, by any of the provisions of the
constitution of the United States, can only
be taxed according 70 the terms Of its char
ter,and every such bank or other corporation
shall be taxed in accordance with the pro-
visions of its charter.
Sec. 13. The Ohio Life Insurance and
Trust Company by its President and CASH
ier, or Assistant Cashier, shall on or before
the first Monday of May in each year, make
out statement attested by the oath of said
officers, OF its moneys loaned, and its dues
of every description,in the several counties
in which it shall have any such loans, ana
have any such dues. as they existed on the
day next preceding the 2ndMonday of April
previous, and transmit the same immedi-
ately to the County Auditor Of such couu-
ties respectively, who shall seve:aly enter
the same with the average rate Of taxes
levied for all purposes on personal prop
erty throughout their respective counties.
and the said company shall make out and
deliver to the assessor for tie ward in which
its principal Office is located. the statement
required of other banks by the seventh and
ninth sections Of this act, in The manner
such other banks are required to do, in rs-
gard to all its taxsble propertE and credits,
not returned to the several counties as hero
in before described, which property and
credits shall be taxed in the same manner
as those Of other banks.
SEC II. Sections, ten fifteen, nineteen,
twenty and twenty two of the act entitled,
'an act for the assessment and taxation of
all property in this State, and for lerying
taxes thereon according to its true value in
money! passed April Is, 1882, are hereby
repealed.
SEC. l5 This act shall take effsct AMI
be in force from and after the FIRST DAY Of
April, 1856.
Nh. VAN WORRIES.
Speaker Of the House of Representatives.
WM. LAWRENCE,
President Of the Senate, pro tenn.
April, 1st, 1856.
l have compared the foregoing with the
laws published by authority" in the Ohio
Statesman, and find the same correctly
copied.
]. +. CuARLEswORTH.
Aud. Bel. &c.