The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1858-06-16
42 4 n s Of Obiol.
pUBLEsuED BY AUTHORITY.

N o. iJo. lltI.I T.t.at
t.g..r- t#s fa &c. AN ACT 20 HN't
To tax the property of Banks and Bankers, so
as to require all property employed in Bank
ing to bear burden Taxation equal to that
imposed on the property Of other persons
Section l. Be ii eaacteR by the General A$sena
bly, Of the State Of Ohio, That it shall be the
duty'of the president and cashier OF every bank
or banking company that shall have been or
may hereafter he Incorporated by the laws OF
this state, and having the right to issue bills
Tor circulation as money,to make ont and return
under oath, to she auditor of the county in
which such bank or banking company may be
situated in the month Of May, annually, a writ
ten statement containing '".E '-
1st The average amount OF notes and bills
discounted OF purchased by such bank or bank
ing company, which amount shall include all
the loans or discounts of such bank or banking
COMPANY, whether originally made or renewed
during the year foresaid or at any time prey-
ous-whethcr made on bills o exchange. notes,
bonds, mortgages or any other evidence of in
debtedness, (at their actual value in money!
whether previous to, during, or after the period
aforesaid; and on which such bank or banking
company has at any time reserved or received
OF is entitled to receive any profit or other con:
sideraton whatever, either in the shape OF in
1 terest discount, exchange or otherwise.
I I'd. The average amount of all other moneys,
effects, or dues of every description belonging TO
such bank or banking company loaned, invest
! ed, or otherwise used or employed with view
| to profit, or upon which such bank or banking
conpany receives, or is entitled to receive utter.
est Provided, however, that the average amount
of the specie funds of every such bank kept
on hand unemployed except with a view
of redceming its circulation and meeting
its accruing liabilities to depositors, and also
the average amount Of the balances due from
other banks upon which no interest, profit OF
consideration is reserved or received shall be eX
cluded in the above estimates Of the taxable
property of each bank required to be made and
returned as aforesaid.
i Sec. q. TO ascertain the amount Of notes ani
bills DISCOUNTED and purchased, and all othcl
moneys, effects or dues OF every description be
7 longing to such banks or banking companies
loaned invested or otherwise used or employed
with view to profit, or upon which such bank
or banking company receives, or is entitled tC
receive interest, to be returned as aforesaid
there shall be taken as criterion, the ayerag
amount Of the aforesaid items for each nontl
during the year next previous to the time o
making such statement, SO long such bank o.
banking company shall have been engaged il
business, and If not, then during such time a
such bank or banking company shall have beer
engaged in business; and the average shall b.
made by adding together the amount SO tount
! belonging to such bank or banking company il
each month SO engaged in busnessand divdn
: the same by the number of months so adde's
t together. nt H N 7 tf."h fF4{ qe.ya
n Sec g. Every person who shall have none.
employed in the business Of dealing in cor
notes, or bills of exchange, or in the buslnes
Of dealing in, or buying or shaving any kind Q
bills of exchange checks, drafts, bank notes
promissory notes, bonds, or other writing OBJ
ligatory, or stocks Of any kind or description
Z whatsoever shall be held to be o banker, broker
or stock jobber; and he shall, when he is reqni
Q red to make out and deliver to the assessor
? statement Of the amount or value of his otfe
i personal property subject to taxation, also N
= clude his statement the average value, esti
mated as provided in the twelfth section of thi
Eact Of all moneys notes, bills of exchange bond
1 stocks or other property appertaining tohis bu
siness as banker, broker or Stock jobbe
!, which be shalt have had from time to time
7 his possession, or under his control, during III
Q year nelt,previous to the time Of making sue
|, statement, ifso long he shall have been engage
+ in such business, and if not, then during I'll
! time he shall have been soengaged.
Sec A. That in all cases where the, taxes, Z
y any part thereof assessed upon the person,
}. property moneys, credits or effects ofany banl
}, or banking or other Incorporated company, /
i association, or any banker, broker orstock jof
! Der, or partnership, or company Of bankers, brc
: Bers or stock jobbeH or any agent, OF an ins,
., rance, or rotl or company, incorporated by Il
., laws of some other state or government, 1nds
i the provisions Of theact "for the eassessment an
b taxation Of all propertyin this state, and &
~ leyyihg taxes thereon according to It's true vail
in money passcp the thii teenth day Of Apr
in the year eighteen hundred and filty-two, a
. now unpaid or shall hereafter remain unpa
Or till the twenty first day Of December, in az
,e tyear the treasurer of the county, wherein sut