The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1856-04-16

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Monday Of each month, after the close OF
on those days, during the year
on the first Monday of May, or
such part of the year as such bank
shall have been doing banking business, if
less than the whole year, and dividing the
gross amount of such monthly sums by
the number of months so added together.
SECTION 8. Every bank shall at the
time of making out and delivering to the
the statement required by the
seventh section of this act, also make out
and deliver to the assessor a statement
verified, as required in the said section,
setting forth,
Frst--The amount of capital, whether
divided into shares or not, actually paid
in or secured to be paid by note or other
wise, or i'll any manner procured or fur
nished to be employed in its banking bust
ness.
Second The amount of undivided
profits arising from such business belong
ing to the bank, whether in its possession
or subject to its control, or loaned or other.
Wise invested IOr It's UcDcuL,
1hird-The amount of moneys leaned
to or deposited with such bank for q term
certain, or which, by agreement or under
standing between the parties, are not to
be withdrawn on demand; which several
amounts shall truly represent the condi-
ton of the means property and assets Of
the bank described in this section, as they
shall have existed OF the day next proceed
ing the second Monday in April, and shall
be added together, and the gross sum so
produced, shall he deemed the amount
OF property employed in banking for the
then current year by such bank.
SECTION 10. The assessor shall return
to the county auditor the statement de-
scribed in the foregoing section made by
any bank in his township or ward, with
the statement required of such bank by
the seventh section of this act.
SECTION IL. The county auditor shall
enter upon his list of taxable property,
and on the tax duplicate for the then cur
rent year, to be delivered to the county
treasurer the gross amount of the notes or
bills discounted or purchased, moneys
loaned. and oil other property, effects Or
dues of every description, (without dedrc-
tion) Of every bank in his county, agree
ably to the statement made by such bank
in accordance with the seventh section of
this act, and returned to him by the asses
sor, and shall charge on such gross amount
so entered on the tax duplicate such rates
of taxes as will produce the same sum as
would be produced by charging on the
amount of property employed by such
bank in banking-ascertained as provided
in the 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.
SECTION IL. That nothing in this act
shall be so construed as to require to be
listed for taxation, any investments made
in certificates of the public debts of this
State, nor shall this act apply to any bank
or corporation which, by any of the pro,
visions of the constitution of the United
States, al only be taxed according to the
terms of its charter, and every such bank
or other corporation shall be taxed in ac-
cordance with the provisions of its charter.
SECTION Is. The Ohio Life .nsura: &C
and Trust Company, by its President and
Cashier, or Assistant Caslier, shall, on OF
before the first Monday of May in each
| v,aor N,oIa ant cf,fap,anf cffoeIoI L.. ihn
oath of said officers, of it's 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
existed on the day next preceding the Sec
ond Monday of April previous, and trans
NIT the same Immediately to the County
Auditor of such counties respectively
who shall severally enter the same upor
their tax lists, and charge the same with
the average rate of taxes levied for al
purposes on personal property through
out their respective counties, and the said
company shall make out and deliver to
tae assessor for the 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 regard to all its taxable property
and credits, not returned to the severa
counties as hereinbefore described, which
property and credits shall be taxed in the
same manner as those of other banks.
I SECTION IA. Sections, 10, Is, 10
20 and %, of the act entitled, a ac'
for the assessment and taxation OF al
property in this State, and for levyine
taxes thereon according to its true value
in money" passed April l3, 1852, art
hereby repealed.
SECTION Is. This act shall take efecr
and be in force from and after the frs
day of April, 1856.
N. II. VAN WORRIES,
Speaker of the House Of Representatives
WILLIAM LAWRENCE,
President Of the Senate.
April ], 1855.
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