The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1856-04-16
statements and ll.ss Of personal property

STATEMENTS and llsss o persOnal property
aud credits.
SECTION 8. Such mean amount shall
be ascertained by adding together the
sum of the several items speci6ed in the
preceding section, the property Of such
bank, and employed in, or pertsing TO
Its banking business, ~ they existed on
the frst Monday Of each Month, after
The close Of business on those days, du-
ring the year ending on the first Monday
of May, or during such part Of the year
a such bank shall have been doing o
ing business, If less than the whole year,
and dividing the gross amount OF such
monthly sums by the number OF months
90 added together.
SEcTroN 8. Every bank shalt a che
time of making out and delivering to the
assessor the statement required by the
seventh section of this act, also MAKE out
and deliver to the assessor . statement
verified. as required in abe said election,
setting forth,
First-thc smount of capital, whether
divided into shares or not, actually paid
in or secured to be paid BY note or other
wise, or in any manner procured or fur
nished to be employed in its banking
business.
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
otherwise invested for its benefit;
THird-The amount Of moneys loan
ed to or deposited with such bank for a
term certain, or which, by agreement or
understanding between the parties, are
not to be withdrawn on demand; which
several amounts shall truly represent the
condition of the means, property and ns-
sets of the bank described in this Sec
tion, as they shall have existed on the
day next preceding the second Monday
in April, and shall be added together,
and the gross sum so produced, shall be
deemed tho amount of property employ
ed in banking for the, then, current year
by such bank.
SECTION 10. The assessor shall re-
turn 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 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,
current year, to be delivered to the coun-
ty treasurer the gross amount of the
notes or bills discounted or purchased,
moneys loaned, and all other property,
effects or dues of every description,
(vithout deduction) of every bank in his
county, agreeably TO the statement made
l.. .,oL ho.lr IN .aoo-1anoa uyifh tba
seventh section of this act, and returned
TO him by the assessor, and shall charge
on such gross amount 10 entered on the
tax duplicate such rates of taxes rs will
produce the same sum IS would be pro-
duced by charging on the amount of
property employed by such bank in bauk-
ing-sscertained as provided in the
ninth section the same rates Of tax as are
charged, for the same year, on the prop
erty of individuals in the township, in-
corporated village or city in which such
bank is situated or transRcts it's banking
business.
SECTION II. That nothing in this
act shall be 30 constr ued n to require
to bei;sted for taxation, any investments
made in certificates of the public debts
of this State, nor shall this act apply tc
any bank or corporation which, by any
of the provisions of the constitution Of
UuLed STaTes; C4u bAaEAa &C.
c ring to she { rms of its charter, and
every such bank or other corporation
shall be taxed in accordance with the
provisions of its charter.
SECTION Is. The Ohio Life Insurance
and rust Company, BY its President
aud Cashier, or Assistant Cashier, shall
on or before the first Monday of May in
each year, make out . statement a;tested
by the 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 dues, a. they existed on
day of April previous, aad transmit the
same Immediately to the County Aud
tor of such counties respectively, who
shall s~cverally enter the same upon their
tax lists, and charge the same with the
average rnte of taxes levied for all pur-
poses on personal property throughout
their respective counties, and the said
company shall make out aud deliver tc
the assessor for the ward in which 1T
principal Office il located, the statement
required of other banks by the seventh
and ninth sections of this act, in the
manner such other banks are required e
do, in regard to all its taxable property
and credits, not returned to the severaI
counties AZ hereinbefore described, which
property aud credits shall be taxed il
the same manner asthose of other banks
SECTION IA. Sectors, ten, ffteer,
nineteen, twenty and twenty-five, of tn,
act entitled, ian act for the assessment
aud taxation of all property in THU
State, and TO- levying taxes thereon &C
eording to its true value in money
passed April 13, 1852, are hereby re
pealed.
SECTION Is. This act shall take effect
and be in force from and after the frs
day Of April. 1856.
N. 81. VAN VOORHEES,,
Speaker Of the House 0t.Rep's.
WILLIAM LAWRENCE,
President Of the Senate pro TEN.
April /, 1856.
AUDrTon's OFFICE, ASHLAND Co., o.