The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1859-07-20

ty in this State, and for levying Taxes there
on according to its true value in money.
\ 3 Section /. Be it enacted by the Gen
J Ferdl Assembly of the State Of Ohio, That
sU property, whether real personal in this
State aU moneys, credits, investments in bonds,
stocks joint stock companies, or otherwise, OF
persons residing therein; the property Of cor
porations now existing or hereafter created, and
the property of all banks or banking companies
now existing or hereafter created and of all
bankers except such as is hereinafter expressly
exempted, shalt be subject to taxation; and such
property, money 8, credits, investments in bonds,
stocks Joint stock companies or otherwise, or
the value thereof, shaU be entered on the list Of
taxable property, for that purpose, III the man
ner prescribed by this act.
Sec g The terms "real property" and
"Iand," wherever used in this act, shall be held
to mean and include not only the land itself
whether laid out in town Tots or otherwise, with
all things contained therein, but also all buiM-
fngs, structures and improvements, and other
fxtures of whatsoever kind thereon, and all
rights and privileges belonging or in any wise
appertaining thereto. The term " investments
in bonds,n Whenever used in this act, shall be
held to mean and include all moneys invested
in bonds of whatever kind, whether issued by
Incorporated or unincorporated companies,
,wns cities, townships, counties, states, or 9TH
,r corporations, or by the United States, held by
versons residing in this state, whether for them
selves or as guardians, trustees agents. The
tnrm investments in stocks, wherever used
in this act shall be held to mean and include
all moneys invested in the public stocks of this
or any other state, or OF the United States or IN
any association, corporation, joint stock COM
pany or otherwise, the stock or capital of which
is or may be divided iWto shares, which are
transferable by each owner, without the con-
sent of the other partners or stockholders, for
the taxation of which no special provisions 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 be held to mean oath or
affirmation Every word in this act importing
the masculine gender, may extend and be ap-
piled to females as we'll as males. The term
q "personaI property" wherever used in this act
shall be held to mean and include. lst. Every
tangible thing being the subject of ownership,
- whether animate or inanimate, 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 un-
incorporated, and every share, portion or inter
est in such stock, profits or means, by whatso-
aver name the same may be designated, inclu-
eiye of every share portion, right or interest,
either legal or equitable, in and to every ship,
vessel or boat of whatsoever name or descrip-
tion, used or designed to be used either exclu-
siveiy or partially in navigating any of the
waters within or bordering on this State, wheth-
er such ship, vessel or boat, shall be within the
n iurisdiction of this State or elsewhere, and
10 whether the same shall have been enrolled reg
iSistered or licensed at any collectors office, or
within any, collection district in this State or
not. The term money" or moneys" wherev-
/, or used in this act, shall be held to mean and
: include gold and silver coin, and bank notes in
/, actual possession of solvent banks, and every
deposit which the person owning, holding in
trust or having the beneficial interest therein,
is entitled to withdraw in money, on demand.
The term 7" credits" whenever used in this act,
shall be held to mean the excess of the sum OF
: all legal claims and demands, whether for money
Tor other valuable thing, or for labor or service
due, or to become due, to the person liable to
,paytaxes thereon, including deposits in banks
orcwith persons in or cut of this state, other
than such as are held to be money as hereinbe-
, fore defined by this section, when added to-
gether, estimating every such claim or demand y,
at its true value in money! over and above the
sufn of legal, bona fide debts owing by such
person But in making up the sum Of such
aebtsIowing there shall be taken into account
no obligation to any mutual insurance company,
nor any unpaid subscription to the capital stock
Of any joint stock company, nor any subscrip-
. sgtiAn for any religious, scientific, literary, or
charitable purpose; nor any acknowledgement
Z Of any indebtedness unless founded on some
consideration actually received and believed at
n the time of making such acknowledgement to
be q full consideration therefor; nor any nc
= -fknowledgemento of debt made for the purpose OF
diminishing the amount of credits to be listed
fer taxation; nor any greater amount or portion
Of any liability as surety, that the person re
qtirsd to make the statement of such credits
believes that such surety is in equity bound,
y and will be compelled to pay, or to contribute
r :n case there be no securities: provided, that
pensions receivable from the United States, OF
Prom any Of them, salaries or payments ex-
pected 10 be received for labor services to be
-pcrsormcd or rendered, shall not be held to be
annvities within the meaning of this act.
,dor'Ser.i g.. That all property described in this
secto,, to the extent herein limited shall be ex-
r lempt from taxation, that is to say, lst. All
il public school houses and houses used exclusive
r ,ly for public worship, the books and furniture
therein, and the grounds attached to such build
= ings necessary for the proper occupancy, use
and enjoyment Of the same, and not leased OF
otherwise used with a view to profit. All pub
He colleges, public acadamies all buildings con-
nected withthe same, and oil lands connected
1owith public institutions of learning, not used
goxith view to profit. This provision shall not
extend to leasehold estates of real property held
under the authority of any college or universi-
ty of learning of this state. I'd. All lands
+ used exclusively as grave-yards or grounds for
= burying the dead, except such as are held by
,r any person or persons, company or corporation,
with view to profit, or for the purpose OF spec
ulation in the sale thereof. Sd. All property
whether real or personal, belonging exclusively
:, to this state, or the United States. 4th. All
buildings belonging to counties used for holding
courts, for jails, or for county Offices, with the
ground, not exceeding in any county ten acres;
on which such buildings are erected. 9Th. Ali
lands houses, and other buildings belonging to
2 any county, township or town, used exclusively
Z for the accommodation or support of the poor.
eth. All buildings belonging to institutions of
. purely public charity, together with the land
actually occupied by such Institutions, not leas-
led or otherwise used with view to profit, and
aan moneys and credits appropriated solely to
sustaining, and belonging exclusively to such
sinstitutions. 7th All fre-engines and other
implements used for the extingushment of flies,
with the buildings used exclusively for the safe
keeping thereof, and for the meeting of fire COM
,panies, whether belonging to any town, or to
any fire company organized therein. 9Th. All
narket-houses, public squares other public
grounds, town or township houses or halls, used
exclusively for public purposes, and all works,
; machinery and fixtures belonging to any town,
4 aodG ,,aed exclusiyely for conyeyinp wofer IN