M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1859-05-12
[Cyncluled.l

lCgnc!uded.l
Sec. 81. To ascertain the amount OF
nolcs and bills discounted and purchased,
and all other moneys, effects or dues of eve
~ description belonging to such bank or
banking company loaned, invested, or 9TH
erwise used or employed, with view to
profit, or upon which such bank or banking
company receives, or is entitled to receive
interest, to be returned as aforesaid, there
shall be taken as a criterion, the average
amount Of the aforesaid items for each month
during the year next previous to the time of
making such statement, if so long such bank
or banking company shall have been engage
ed in business, and if not, then during such
time as such bank or banking company shall
have been engaged in business; and the aver
ageIshal be made by adding together the
amount so found belonging 10 such bank OF
banking company in eaCl month so engaged
inbusiness, and dividing the same by the
number OF months SO added together.
Sec. 81. Every perSoS who shall have
money employed in the business of dealing
in coin, notes, or bills of exchange, or in the
business of dealing .in,sor buying or shaving
any kind OF bills OF exchange, checks, drafts,
bank notes, promissory notes, bonds or 9TH
er writing obligatory, or stocks Of any kind
or description whatsoever, shall be held to be
banker, broker, or stock jobber, aud in max
ing out their statement for taxation, as re-
quired by the sixty sixth section of this act,
shall include in his statement the average
value estimated as provided in sxtieth and
sixty-fr sections of this act, Of all moneys,
notes, bills of exchange, bonds, stocks, or
other property appertaining to his business
as a banker, broker or stock jobber, which
he shall have had from time 10 Time in his
possession, or under his control, during the
year next previous to the time ofmaNng such
statement, ifso long he shall have been en-
gagged in such business, AMI if not, then du-
Iing the tine he shall haye been so engaged.
Sec. 63. The president and cashier Ofey-
cry bank organized under an act 10 ncorpo-
rdle the State Bank of Ohio and other bank
ing companies, passed February 81, ls4j, I,
shall. during the month Of May in each and
every year, make The written statement re-
quired by the sixlieth (GO) aud sixty-frsl (Gl)
sections of this act, to the auditor cf state.
In cese the .pfesiafnt and cashier refuse or
omit 10 nuke such statement; The auditor OF
state shall ascertain the amount 50 required
to be returned By the president AMI cashier.
from the last quarterly returns made by such
bank to his office, to which sum he shall add
fifty PER cent. The auditor Of state shall
proceed TO assess thereupon the amount Of
taxes for the various purposes assessed upon
property in the locality where said bank has
its office, of which as,esgment the auditor
shall give notice to the president and cashier
OF any such bank. On the 20th day of De-
cember in each year, it shall be the duly of
the comptroller TO draw in favor of the treas
urer OF state, upon each. and every such bank
ing company, for the amount oil taxes SO as
sessed, which draft il shall be the duty Of the
said president or cashier " pay forthwith in-
10 the state treasury.
Sec. O.. In default of any such president
and cashier to pay the amount of the said
draft to the treasurer of state, at his office,
on or before the thiriy-frst day Of December
i'll any year, the treasurer Of state shall i'm
mediately notify the attorney general there
of, who shall thereupon proceed, in the su
preme court of the state, against the said
president and cashier, by mandamps, to COM
pei the payment Of ltc eaid taxes; aud it
shall be the duty Of the said court to allow
the said writ. Or the attorney general may
also, at his option, commence civil action
against the president Gnd directors of said
company, in the court Of common pleas or
superior court Of franklin county, in the
name Of the state, for the amount Of such
taxes.
Sec. 65. All taxes, so paid TO, or collect
ed by, the state treasurer H.shall be distibu-
ted by the aulitor of state, in the proper
tions to which the several counties, town
ships, and other local organizations are enti-
tied.
Sec. &C. All other banks or banking com
panies tina, shall have been, or may hereai-
Ter be, incorporated by the laws Of this state,
and having the right to issue bills for circu-
lation as money, except such banks end COM
NAMES as are enumerated in section sixty
of this act; and all such bankers and brok-
ers as are described in the sixty-second (62)
section of this act, shall annually, during
the month of May, make out and return TO
the auditor of the county in which such bank
or'banking company may be situated state
ment, as provided in the sixteth and sixty
first (60) and (6l) sections Of this act.
Sec. 81. 1t shall be the duty of the audi
tols or the several counties in which one or
more such banking companies, as are men
toned in the preceding section, may be sit-
uated, upon receiving returns Of their notes
and bills discounted, and all other moneys,
effects, or dues, as provided in the sixty (6O)
and sixty-frst (6l) sections of this act, to
enter the same for taxation upon the grand
duplicate of the proper county, aud upon the
CITY duplicate for city taxes, in cases where
such CITY tax is not returned upon the grand
dnnlicate, but is collected by city officers;
which amount, so returned and entered, shal
be taxed for the same purposes, and to the
same extent, that personal property is now
or mas be taxed, in the place where such
hank or banking company is situted; and
such tax shall be collected and paid over in
the same manner that taxes on other per-
sonal property are required by law to be COL
iected and paid over. ...o
Ser. 6S. Each auditor Of any county,
within the limits ofwhich any bank or bank
inc company may be located, shall, in case
any president or cashier Of such bank or
banking company, as are mentioned in the
nrereding section, refuse or neglect to make
" pnt and deliver to the auditor the statement
raouired in the sixtieth (6O) and sixty-tirst
l6I1 sectionso,,f this act; enter upon the du-
niieate of the proper county, for taxation as
aforesaid, as the amount Of capital, hity per