True American. [volume] (Steubenville [Ohio]) 1855-1861, 1856-04-16

ject TO taxation under The provisions o
this act. or with hanks, bankers, or olhel
| persons not within this State.
SECTION 4. Money shall, for every
purpose of assessment and taxation here
after, be held to be personal property
; and the term personal property wherev'
er used in this act, or in The acts to which
| this is amendatoly, shall be held to ex'
tend to and include money.
SECTION 5. The term CREDITS where
yer used in this act, or in the acts 10 which
this is amenda,ory. shall be held to mean
. the excess Of the sum Of all legal claims
: and demands, whether for money or 9th
er valuable thing, or for labor or service
due or TO become due to the person liable
TO ray taxes thereon, including deposits
in banks or with persons in or out of This
Stale, other than such as are held to be
money rs defined by the fifth division of
the third section, when added together,
estimating every such claim or demand
at its true value in money. over and sboyr
the sum of the legal, bona fde debts ow-
ing by such person. But in making up
the sum of such debts owing, there shall
be taken into account no obligation To
any mutual insurance company, nor any
unpaid subscription 10 the capital stock
of any joint stock company, nor any sub
scriplion for any religious, scientific, lit.
erary, or charitable Purpose-n"r any
acknowledgement of Indebtedness unless
founded on some consideration actually
received and believed at the time Of ma.
king such acknowledgment TO be a full
consideration thereof; nor any acknowl-
edgment of debt made for the purpose of
diminishing the amount Of credits 10 be
listed for taxation; nor any greater amount
or portion of any liability as surety, t"an
the person required 10 make a statement
Of such credits believes such surety is in
equity boud, and will be compelled to
pay, or to contribute, in case thele be CO.
securities. ...
SELTIoN 6. No person shall be requir-
ed TO list for taxation any certificate Of the
capital stock of any company the capital
stock and properly Of which is taxed in
the name Of said company. Personal
properly Of every description. and credits,
shall be assessed in the name of the per.
son who was the owner thereof on the
day next preceding the second Monday
OF April in the Year in which such assess
Inenl shall be made. Ii any person shal
for 'he purpose OF avoiding the LIS ing or
The payment Of taxes on any property sub-
subject 10 taxation, sell, give away, or
otherwise dispose OF amy such property
under or subject to any agreement ex.
pressed Or implied, or any understanding
with the purchaser, donee or reel iplenl
thereof, that the same is 10 be rtcUnvey.
ed, restored, or ledeIlvered To the person
90 disposing of such peoperly, he shall
forfeit and pay for the use Of the county
double the amount OF tax. chalgeabe on
such property for the current year.
SECTION 7. Every bank shall, annual.
ly, between the first and the second Mon!
day Of May, make out, and, on the de-
mand oirhe assessor, deliver 10 him IA cur
rect statement, allesIed by the Oaths OF
The president and cashier OF such bank,
or II there be no president or cashier, then
by the oa!hs Of the principle manager and
the principle accountant OI such bank,
setting fOr'h aud specifying the mean
amount OF the holes aud Llils discounted
or purchased, moneys loaned, and all 9TH
er properly, effects or dues OF every des-
cllpIlon oi aid ndbelonging 10 such bank du-
ring the year en'iing the first Monday OF
May III lhe current year; whlca state
menl the assessor shall deliver 10 the
county auditor with his statements and
lists of personal properly AMI credits,
SECTION 8. Such mean amount shall be
ascerIalned by adding together 'he sum Of
the several items specified in the prtce.
ding sec'lon. the property of such bank,
and employed III or pertaining 10 its bank
ing business, as they existed on he first
Monday Of each Month, afIer The close Of
BUSINESS on those days. during the year
ending on the first Monday of May, or
during such part of the year as such bank
shall have been doins banking business,
il less than the whole year, and dividing
the gross amount Of such monthly sums
by the numbered months so added lugeth.
er.
SECTION Q. Every bank shall at The
time OF making out and delivering 10 the
assessor the statement required by the
seventh section of This act, also make out
anu deliver n the assessor 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 Olrer.
wise, or in any manner procured or fur.
nlshed to be employed in its banking bu.
siness.
Second-The amount OF undivided prof.
its arising from such business belonging
to the bank, whether in its possession or
subject TO It's control, or loaned or other
wise invested for its benefit;
I Ihird-The amount of moneys loaned