Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1859-06-09

For the Assessment and Taxation OF al
Property in this State, and for levyini
Taxes thereon according to its true val
in money. -, - -,i,, D.
Section /. Be it enacted by the Gene
raj Assembly of the State of Ohio, That al
property, whether real or personal, in THU
State, all moneys. credits, investments il
bonds, stocks, joint stock companies, o.
otherwise, of persons residing therein; the
property OF corporations now existing oI
hereafter created. aud the property OF oil
banks o. basting consanies now existing
d hereafter created. spd of ell bankers, ex.
cept such as sishereinaiter expressly exempt
ed, shall be subject to taxation; and such
property, moneys. credits. Investments in
bonds, stocks, loiut stock companies OF
othervise, i,r the value thereof. shall be
sntered ON the iist of taxable property. Tor
that egrpese, in the manner prescc bed by
fhis est-s s..t 70 iGsisas7I
Sec. 2. The terms real properly and
-.land,r wherever used ~ mis- act, shall be
held 30 mean and include not only the land
iissit. whether laid gu, IN town lots or other
wise. enh all things couiained therein, but
also ell buildings, structures and improve
ments, and other fixtures, oi whatsoever
kind thereon. and ell rights and privilege ;
belonging, or in any wise apper,aIning
thereto. The term "investments in bonds. :"
whenever used in this act, shall be held to
mean and include ali moneys invested in
bonds, OF whatsoever kind, whether issued
BY incorporated or unincorporated coRps-
nies, towns, cities, townships, counties,
states or other corporations, or by the Uni
ted States, held BY persons residing in this
stale, whether for themselves or as guar
dians, trustees or agents. The term invest
ments in stocks whenever used in this act.
shall be held TO mean ane include all moneys
invested IN the public stock o. this or any
osher state. or of the United States, or in
any association, corporation, joint stock
company or otherwise, the stock or capital
Of which is OF may be divided into shares,
which are transferable by each owner,
without the consent of ,be other partners
or stockholders, for the taxation OF which
no special provision is made BY this act,
held by persons residing in this state, either
for themselves. or as guardians, trustees or
agents. The term "oath," wherever used
in this act shall oe held to mean oath or
affirmation. Every word in this act import
ing the masculine gender, ,uay exiead md
be applied TO females as well as males
The Term personal property" wherever
used in this act, shall be held to mean and
include ls,. Every tangible thing being
the subject of membership. whether animate
or inauiInate, other than money, and not
forming part Of any parcel of real property
as hereinbefore defined. I'd. The capital
stock, undivided profits, and all other means,
not forming part OF the capital stock Of
every company. whether incorporated or
pota,ed. and every share. portion or
interest in such stock, profits or means, by
name the same may be design
uted, inclusive OF every share or portion.
right or interest. either legal or equitable,
in ana 10 every ship. vessel or boat, of what
soever name or description, used or design
ed 10 be used either exclusively OR partial
ly in navigating any Of the waters within
or bordering on this state, whether such
chip, vessel or boat, shall be within the ju-
risdiciion of this state or elsewhere, and
whether the same shall have been enrolled.
registered or liscensed at any collectors
office, or within any collection district in
IN is state or not. The term "money," or
wherever used in this act, shall
be held u mean aud Include gold and silver
coin and bank notes IN aciual possess 'on
of-solveats baaks, aud very drpusit which
the person owning holding in trust OF having
iae beneficial interest therein, is cntiiedto
withGrdw,ill money, on lelnaHd The term
"credits," Whenever used in This act, shs
be held to mean1ke excess of the sum OF
all legal Claims and demands, whether Tor
money or other valuable thing, or Tor labor
or service due, or TO become due, 10 the per
ron liable 10 pay taxes thereon, inciu,iing
deposits in banks or " lib person, in or out
Of this state. o,her ihsn suel as are he'd
10 be money as hereinbepre defined by this
sectien, when addrd together. estimating
every such claim or demand at IT'S true value
IN money! over and above the sum Of Legal,
bona fde debts owing oy such person. But
IN making up the sum of such debts owing,
there shall be taken into account no ubiiga-
tion to any mutual insurance company, nor
any unpaid subscription to the capital stock
Of any juint stock company, nor any sub
tcriptiou for any religious, scientific, literary
or charitable purpose; nor any acknowledge
fnent of any iDdebte lness unless founded
OH some consideration actually received
and believed at the time OF making such
acknowledgement h he a full consideration
therefor; nor any acknowledgements OF debt.
nude for the purpose Of diminishing The
amount Of credits to be listed for taxation;
nor any greater amount or portion OF any
liability as surety, that the person required
TO make the statement of such credits be-
Heves that such surety is in equity bound,
and will be compelled to pay, or to contrib
ute, in case there be no securities: provided.
thet pensions receivable from the United
States, or from any of them, salaries or
payments expected to be received for Dor
or servicrs to be performed or rendered,
shall not be held TO be annuities within the
meaning of this act.
Sec. 3. Tha, al property described in this
section 10 the extent herein limited shall be
exempt from taxation, that is to say, lst.
All public school houses and houses used
exclusively for public worship, the books
and furniture therein, and the grounds attach
ed to such buildings necessary for the proper
occupancy, use and enjoyment Of the same