Preble County Democrat. [volume] (Eaton, Ohio) 1857-1859, 1857-06-04
Speaker Of the House of Representatives
THOMAS II. FORD,
President of the Senate.
April II, 1857.
AN ACT

Prescribing the rates of taxation for
State, County, Township, City and
other purposes.
sSECTI0N 1. BE it enacted by the
General Assembly of the State Of Ohio,
That hereafter there shall be levied an
nuaIiy on each dollar OF taxable property
in this State, (other than such as by
law is otherwise taxeO as valued and
entered on the grand list of taxable
property, for the several purposes in
this act enumerated, taxes at the rates
hereinafter specified namely: For the
ordinary expenses Of the State govern
mcnt, including the expenses Of the
public benevolent institutions, the pro-
secution of the work on the State build
ings, and other charges on the general
revenue seven-t -tcnths Of one mill: For
the sinking fund, applicable to the pay
mcnt of the interest, and the gradual
reduction of the State debts, nine -tenths
of ane mill. For all county expenses
of each of the several counties. other
than for roads and bridges; and the
payment of the interest and principal
OF the debts of the county, such rates as
the commissioners of such county shall
determine to be necessary, not exceed
ing the following rates namely: On any
amount of such taxable property in such
county not more than two millions of
dollars rate Of tax not exceeding three
mills on the dollar: On any amount Of
such taxable property between two and
four millions of dollars not exceeding
two mills on the dollar: On any
amount between four and six millions
of dollars not exceeding one and half
mill: on the dollar: On any amount be-
tween six millions and forty millions Of
dollars not exceeding one mill on the
dollar: On any amount over forty
millions one and one-fourth mills on
the dollar: Provided, That in case any
important bridge or bridges built and
maintained by any county shall be de-
stroyed by any casualty, the restoration
Of which may be necessary for public
accommodation, the commissioners Of
such county may levy special tax not
exceeding in any year one mill on the
dollar of the taxable property Of the
county, the proceeds Of which tax shall
be applied solely to the restoration of
such bridge or BRIDGES Provided, That
| tlie county commissioners Of any county
in which the total valuation Of taxable
property does not exceed three millions
Of dollars may increase the rate Of tax
levied on the first two millions or any
lesser sum of such taxable property to
any rate net exceeding five mills on the
dollar, and may set apart any portion
| Of the proceeds Of such tax not nccess-
ary in their opinion to deGtay other
county expenses for the current year
for the erection OF county buildings,
and the amount so set apart shall be
denominated the public building fund, .
and shall be paid cut on the order Of
| the commissioners. There shall be
levied for Township purposes. other
than for road, bridge, for the support OF
the poor and common school purposes,
and for the purpose of paying the inter
est or principal Of any debt or debts
owing, such rate of tax on any amount
of the taxable property in the township
as entered and valued on the grand list,
as the trustees Of the township shall
certify to the County auditor to be ne
cessary not exceeding onc-half Of one
mill on each dollar Of such valuation
not more than two hundred thousand
| dollars, and one fourth Of one mill on
each dollar Of such valuation over two
hundred thousand dollars. But the
total amount of taxes hereafter levied in
any one year by the constituted authori-
ties of any city OF incorporated village,
except the city of Cincinnati, for al!
purposes other than for the payment OF
! interest on the debts Of such city or in
corporated village, and for the payment
Of the principal Of such debts, OF parts
thereof as may fall due within the then
current or next succeeding year, shall
not exceed five mills, and III the city oi
| Cincinnati six and half mills on each
! dollar of the assessed value OF the tax
able property in such city or incorpo-
rated village; Provided, the aforesaid
limitation shall not be construed as pro
hibiting assessments on property ada
cent to local improvements made in any
city or incorporated village for the
purpose Of paying the cost thereof
/ and the damages occlsioncd thereby
and provided further, that nothing in
this section shall be construed to pre-
vent the county commissioners, town
ship trustees, or corporate authorities OF
any city or village from levying any tax
which by any special law they shall be
authorized to levy.
SEC. ?. The competent authorities OF
any county, city, or township that shall
have subscribed to the capital stock OF
any railroad company, and shall have
issued It's bonds or other securities for
the payment OF such subscription may,
at any time within five years next be-
fore the principal Of such bonds, OF
other securities shall be payable If the
market prices Of the stock of such rail
road company be less than seventy
per cent. on its par value, levy, or cause
to be levied, annually on the taxable
property of such county, city or town;
ship, such tax not exceeding one mill
on the dollar, as will be sufficient to
balance the discount on the railroad
stock held by such county, city, Or town
ship by the time such bonds may be