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

al items specified in the preceding section, the
property OF such bank and employed in, or per-
tanning TO its banking business, as they existed
on the first Monday of each month. after the
close OF business on those days, during the year
ending on the first Monday of Msy, or during
such part OF the year as such bank shall have
been doing banking business, il less than the
whole year, and dividing the gross amount Of
such monthly sums by the number Of months SO
added together.
SecrtoN 8. Every bank shall at the time Of
making out and delivering to the assessor the
statement required by the seventh section olthis
act, also make out aud deliver to the essesso'd
statement verified, as required in the said secron
setting forth
FfRsT-The amount of capital, whener d.
vlded into shares or not, actually pai IN or Sc
cured TO be paid by note or otherwpe, or III any
manner procured or furnished to bsemployed IN
its banking business.
| SEcoND--The amount of rndlvided profits
arising from such business bepnging to the bank,
whether in its possession Sr subject to its con
troll or loaned or othctw5c invested for It's ben
eft.
TmRD--Thc amoupC of moneys loaned to or
deposited with suct bank for term certain, or
which, by agreemcnt or understanding between
the parties, are not TO be withdrawn on de-
maud, which sveral amounts shall truly repre-
sent the condition OF the means property and
| the assets o. the bank described in this section
as they shall have existed on the day next pre-
ceding The second Monday in April, and shall
! be added together, and tho gross sum so pro-
duccd, shall be deemed the amount of property
employed in banking for Tie, then, current year
By such bank.
SECTION 10. The assessor shall return to The
county auditor the statement described in the
foregoing section made by any bank in his town
ship or ward, with the statement required OF
such bank by the seventh section Of this act.
Section II. The county auditor shall enter
upon his list Of taxable property, and on the taS
duplicate for the then, current year, to be de
livered to the county treasurer the gross amount
of the notes or bills discounted or purchased
moneys loaned and all other property, effect!
or dues of every description, (withUut deduction
of every bank in this county, agreeable to tht
statement made By such bank in accordance
with the seventh section of this act, and re
turned TO him by the assessor, and shall chargt
on such gross amounts so entered on the tax du
plicate such rates Of taxes as will produce th,
same sum as would be produced by charging OF
the amount Of property employed by such banl
III banking-asertained as provided in the nintl
Sc ;tion the same rates of tax as are charged 70
the same year, on the property cf individuals il
the township, incorporated village or city il
which such banks is situated or transacts it
banking business.
SECTION IL. That nothing in this act shal
b. so construed as to require 10 BE- listed 70
taxation, any investment made in certificate
OF public debts of this State, nor shall this ac
apply to any bank corporation which. by amy o
the provisions of the Constitution of the United
States, can only be taxed according to torms o
its character, aud every such bank or other cor
poration shall be taxed in accordance with tn
provisions of its character.
SFcT1oN l3. The Ohio Life Insurance an
Trust Company, By its president and CASH r, o
assistant cashier, shall, on or b. fore tn; frs
!, Monday of May in each year make out a sta te
ment attested by the oath of said officers, o
its moneys loaned, and its duties of every dies
cripliOn, in the several counties in which it shal
have any such loans, and have any such due,
as they exist on the day next preceding the sec
ond Monday Of April previous and transmit tn
same Immediately TO the county auditor Of sue
counties respectively, who shall scverally cntc
the same upon their tax Lists, and charge III
same with the average rate of taxes levied 70
all purpts on personal property Throughout
their respective counties, and the said compan
shall make out and deliver to the assessor for tn
ward III which its princ pal office is located, lh
statement required of other banks By the scvcnl
and NTH 81 ctions of this act in the manner sucl
other banIs are required to do in regard to al
its taxables property and Credits not returned t
the several counties as herein before described
which properly AMI credits shall be taxed in tn
same manner as those of other banks.
Section IL. Sections, ten fifteen, nineteen
twenty and twenty-five, of the act entitled, d
act for the assessment and taxation of all proF
perty in this State, aud for levying taxes there
on according 10 its true value in money pass
ed April Is, 1882 are hereby repealed.
Section l5 This act shall take effect aud
in force from and after the FIRST day of Apr
4 1856.
n. II. VAN WORRIES,
Il Speaker OF the House of Representatives.
WIN. LAWRENCE.
Preslent Of the Senate. nrO tenn.