American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1859-05-05
LAWS OF OHIO.
se PAbiisked by Aatkority.

tNO. 2o6.l AN ACT t...s
For the Assessment aud TsxAtien OF all prop
eTty in this State, and for ievying Taxes
thereon according TO It's true value in mon
ey. l.
Section 1. BE il snseied by the general Ia
ssmblg Of ths State Of Ohio, That oil proper
", whether real or personal, in this state, all
moneys credits, investments, in bonds, stocks,
Joint stock companies, or otherwise. OF persons
residing therein; the property Of corporations
now existing OF heTeafter created, and the
property Of all banks or banking companies,
'n0w existing or hereafter crested, and OF all
bankers, except such as hereinafter expressly
exempted, shall be subject to taxation; and
such property, moneys, credits, investments
in bonds, stocks, joint stock companies or
otherwise, the value thereof, shall be en-
tered on the list of taxable property, for that
purpose, In the manner prescribed BY this
act. i..s, \, f.r.-s.a
Sec. Q. The terms "real property" and
S'land,' wherever used in this act, shall be
held to mean sndrihelude not only the land
itself, whether laid out in town lots or other
wise, with all things contained therein, but
also all buildings, structures and improve
ments, and other fixtures Of whatsoever kind
thereon, and all rights and privileges belong
ing, or in any wise appertaining thereto. The
term "investment in bonds," wherever used
in this act, shall be held to mean and include
all moneys invested in bonds Of whatsoever
kind, whether issued by Incorporated or un-
incorporated companies, towns, cities, town
ships. counties, states, or other corporations,
'or by the United States, held by persons resi-,
ding in this state, whether for themselves or
as gurdians, trustees or agents. The term
-s'investment 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
company or otherwise, the stock or capital Of
which is or may be divided into shares, which
are transferable by each owner, without the
consent OF the other partners or STOCKHOLDERS
for the taxation of which no special provision
us made by this act, held by persons residing
in this state, either for themselves, or as guar
.dans, tTu stees 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 sppfied to femDles as well as
males. The term 'personal property"
wherever used in this act, shall be held to
mean and include, LIST, Every tangible Thing
being the subject OF ownership, whether ami
mate or,ineBimate, other than money. and not
forming part Of any parcel Of real property as
heTeinbefore defined. Cd. The capital stock
undivided profits, and all other means, not
'formi gpmt Of the capital stock OF every
company, whether incorporated or unincorpo-
Tated, and every share, portion or interest in
isuch stock, profit OF means, by whatsoever
name the same mary be designated, inclusive
'ofevery share or portion, right or interest, ei.
'ther legal or equitable, in and to every ship,
vessel or boat OF whatsoever name or descrp-
FtioB, used or designed to be used either ex-
.clusively or partially in navigating any Of the
waters within OF bordering on this state,
whether such ship, vessel or boat, shall be
within the Jurisdiction OF this state, or else
where, and whether the same shall have been
enrolled, registered OF licensed at any collect
,or's office, or within any collection district
in this state or not. The term "money" OF
"smoReys," Wherever used in this act, shall he
held to mean and include gold aud silver coin
and bank notes in actual possession ot solv-
ent banks and every deposit which the pei
son owning, holding in trost OF having the ben
'e6cial interest therein, is entitled to withdraw
in money, on demand. The term "ctedlts,'
whenever used in this act. shall be held ia
mean the excess of the sum OF all legal claims
and demands, whether fOrmoney OF other val
uabe thing, OF for labor OF service due, OF tc
become due, TO the person liable to pay taxes
thereon, including deposits in banks or with
persons in or out of this state, other than lsnch
as are held to be money as hereinbetore de.
Mned by this section, when added teeethcS,
Iestimating every such clam or demand at Us
true value in M0ney] over and above the sum
Of legal, bona hse debts owing by such per.
son. But in making up the sum Of such debts
owing. there shall be taken into account nc
oblIgationito any mutual insurance company
JOINT stock company, nor any subscription fol
any religious, scientific, literary or charitable
purpose: nor any acknowledgment oi any in
debtedness unless founded on some considera-
tion actually received and believed at the time
stofmaking gsuch acknowledgment TO be full
consideration therefor; nor any scknowledg-
g1lent OF debt made for the purpose of diminish
ing the amount ofcredits TO be listed Tor tax
alton; nor any greater amount or portion oil
any liability as snreiy, that the person reQuir-
ed 10 mako the statement OF such credits be-
lieves thatsuch suretyis in equity bound, and
wilfbe compelled 10 pay, or TO contribute, in
case there be no securities: provided, that
pensions receivable from the United States, ci
from anv ofthems So laTies OF payments expect
ed to be received for labor OF services to be
performed or rendered, shall not be held to be
annuities within the meaning OF this act.
Sec. 3. That all, property described ia
this section TO the extent herein limited shall
be exemptfr from taxation, that is to say, lst. =
All public school houses and houses used ex-
clusiyely for public worship, the books and
furniture therein, and the grounds attached
70 such buildings necessary for the proper oc.
cupancy. use aud enjoyment off the same, and
not leased or otherwise used with view tc
profit All public colleges, public academies,
all buildings connected with the same, and
all lands connected with public institutions
Of learning, not used with view to profit
This provision shalt not extend to leasehod
estates Of real property, held under the author
ity Of any college or university Of learning Of
this state. ID. All lands used exclusively as
grave yards or grounds Tor burpug the dead,
except such as aSe held by any person or per
sons, company or corporation, with view to
profit, or for the purpose Of speculation in the
sale thereof. Sd. All property, whether real
OF personal, belonging exclusively to this
state, or the United States. 4th. All build
ings belonEingsto counties used for holding
courts, f6t iails, or for county Offices, with
the ground, not exceeding in any county ten
acres, on which such buildings are erected
a5ths sAIls lands. houses, and other buildings
belonging to any county, townshipor town.
used exclusively for the accommodation ol
support ofthe poor. 6th All buildings be-
longingtp Institutions OF purely public charity
together with the land actually occupied by
such institutions, not leased or Otherwise us,
ed, with view TO profit, aud all moneys aud
credits appropriated solelyto sustaining, and
belonging exclusively to such Institutions
7th. All fire engines and other Implements
used for the extinguishment OF fires, with the
buildings used exclusively for the safe keep