The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-05-14
AN ACT

mo. l5I. AN ACT
To tax banks and banking companies in.
corporated under the act entited can
act to Incorporate the State Bank of
Ohio and other banking companies"
passed February "a, l845,
Sec. l.. Be it enacted by the General
Assembly of the State Of Ohio, That it
shall be the duty Of the president and
cashier Of each banking company organ
lied under the act entitled "anact to in
corporate the State Bank of Ohio and
other banking companies" passed Feb
ruaIy "a, 1915, on Or before the second
Monday of May, in each year, to make
out under oath, and return to the proper
assessor of the township, town or ward
where such company is located, a certi-
icate containing statement of the a.
mount Of the capital stock Of such com
pany paid in and remaining as capital
stock undiminisbed by losses or other.
wise, together with the amount OF sur
plus and contingent fund and undivided
profits accrued prior to the first Monday
Of the preceding November, as the same
were on the aypreceding the secondMon-
day of April, prior to the said seccndMon.
daysin May; and the amount SO returned
shall be placed On the county duplicate,
and on the city duplicate, where city
taxes are collected on a seperate duph-
cate, and taxed as other personal proper
ty in the same township, town, village or
ward may be taxed BY law. Ia making
the certificate aforesaid, any portion Of
said capital stock, surplus or contingent
fund or undivided profits invested in real
estate which is subject TO taxation under
the laws of this State, may be deducted,
but the certificate shall specify the "a
mount so deducted.
Sec. Q. Each assessor Of any township
or ward within the limits Of which any
such bank or banking company may be
located, in case any president OF cashier
of such bank or banking company shall
refuse or neglect 10 make out, and de-
liver 70 the assessor the statement herein
required, after the provisions OF this act
shall have been excepted by such bank
as hereinafter provided, shall, as 10 other
cases ascertain the amount Of such capi-
talstock, surplus and contingent fund
and undivided profits, and shall return
the same to the county auditor, or to
such other officer as the law regulating
his duties may require, and the amount
thus acertained, with the addition Of fifty
per centum thereof shall be entered up
on the proper duplicate for taxation; pro.
vided, that in cases where city taxes are
assessed and collected by the city au-
thorites, the taxes upon banks, as pro-
vided for in this act, shall be assessed
aud collected the same as city taxes up-
on other property for the time being are
assessed and collected in such city.
Sec. 3, 1t shall be the duty Of every
assessor in whose jurisdiction there shall
be located any such bank or banking
company, TO leave with some proper Of
ifcer Of such bank or banking c1mrany,
a notice 10 make out and deliver the
statement required in the first section Of
this act.
Sec. 4. That each and every bank or
banking company accepting the provis-
ions Of this act shall make out and trans
NIT certificate thereof TO the au1ilor of
the county in which such bank or bank
ing company is located and shall also
transmit certified copy Of such accep-
tance to the auditor Of State, who shall
file the same In his office.
Sec. s. This act shall not be construed
to repeal the sixteenth sixtiethl section
Of the act ito incorporate the state bank
Of Ohio and other banking companies"
aforesaid, but to suspend the operation
Of said section as to The several compa-
nies accepting the provisions thereof
during the time they shall continue to be
taxed as provided in this act.
NH. VAN WORRIES,
Speaker Of the House Of Representatives.
THOMAS. HI. FORD, \
President Of the Senate.
April 9Th, 1855.