Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1856-05-06


FirSt--The amount Of capital, whether
divided into shares or not, actually paid in
or secured to be paid by note or otherwise,
or in any manner procured or furnished to
be employed in its banking business;
tSecond-The amount Of undivided prof
its arising from such business belonging to
the bank, whether in its possession or sub
ject to its control, or loaned or otherwise in
vested for its benefit
Ihird-The amount of moneys loaned to
or deposited with such bank for term GER
tain, or which by agreement or understand
ing between the parties, are not to be with
drawn on demand; which several amounts
shall truly represent the condition of the
means, property and assets OF the bank de-
scribed in this section, as they shall have ex-
sted on the day next preceding the second
Monday in April, and shall be added to-
gether, and the gross sum so produced,
shall be deemed the amount of property en-
p'oyed in banking for the, then current year
by such bank.
Sec 10. The assessor shall return To the
county auditor the statement described in
the foregoing section made by any bank in
his township or ward, with the statement
required of such bank by the seventh Sec
ton of this act
Sec. II. 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 discounted
or purchased, moneys loaned, and all other
properly, effects or dues of every descrip-
ton, without deductlon) of every bank in
his county, agrecably to the statement made
by such Eank in accordance with the sew
enth section of this act, and returned to him
by the assessor, and shall charge on such
gross amount so entered on the tax dupli-
cate such rates Of taxes as will produce the
same sum as would be produced by charg-
ing on the amount of property employed by
such bank in banking-ascertained as pro-
vided in tie ninth section the same rates of
tax as are charged, for the same year, on
the property of individuals in the township,
incorporated village or city in which such
bank is situated, or transacts its banking
business.
SEC. 19. That nothing in this act shall
be so construed as to require to be listed for
taxation, any investments made in certif-
Gates of the public debts of this State, nor
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 to the terms of its char
ter, and every such bank or other corpona a.
ton shall be taxed in accordance with the
provisions of its charter,
Sec. 13. The Ohio Life Insurance and
Trust Company, by its President and Cash
ier, and Assistant Cashier, shall on or be-
fore the first Monday in 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, and have any such dues, as they ex-
listed on the dav next preceding the second
Monday of April previous, and transmit the
same Immediately to the County Auditor of
such counties respectively, who shall sev-
orally enter the same upon their tax lists,
and charge the same with the average rate
of taxes levied for all purposes on personal
property throughout their respective coun-
ties, and the said company shall make out
and deliver to the assesso, for the ward in
which its principal Office is located, the state
mcnt required Of other banks by the seventh
and ninth sections of this act, in the man
ner such other banks are required to do, in
regard to all taxable property and credits,
not returned to the several counties as here
inbefore described, which property and
credits shall be taxed in TIE same manner
as those of other banks.
SEC. IA. Sections ten, fifteen, nineteen,
twenty and twenty two of the act entitled
can act for the assessment and taxation o
all property in this State, and for levying
taxes thereon according to is true value il
money" passed April 10, 1852, are hereby
repealed.
Sec. Is. This act shall take effect and
be in force from and after the first day o
April 1865.
N. H. VAN WORRIES,
Speaker of lhe House Of Representatives
TIlOS. Fl. FORD.
President Of the Senate.
April lei 1856.