The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1859-07-27

/ shall be made. II any person shall, for the
purpose of avoiding the listing or the pay
ment Of taxes on any property subject to
taxation, sell, give away, or otherwise dispose
of any such property under or subject to any
agreement expressed or implied, or any un-
derst anding with the purchaser, donee or re-
cipient thereof, that the same is to be recon-
veyed, restored or redeiivered to the person so
disposing of such property, he shall forfeit
and pay for the use of the county double the
amount of tax chargeable on such property for
the current year.
BANKS AND BANKING COMPANIES.
Sec. so. It shall be the duty of the
president and cashier of every bank
or banking company that shall have
been, or may hereafter be, incorpora-
ted by the laws of this state, and hav-
ing the right to issue bills for circula-
tion as money, to make out and return
under oath, in the manner hereinafter
directed, during the month of May an
nually, written statement containing,
1st. The average am cunt of notes and
bills discounted, or purchased by such
bank OF banking company, which amount
shall include all the loans or discounts
of such bank or banking company,
whether originally made or renewed
during the year aforesaid. or at any
time previous; whether made on bills Of
exchange, notes, bonds, mortgages, or
any other evidence Of Indebtedness, (at
their actual value in money! whether
previous to, during, or after the period
aforesaid; and on which said bank or
banking company has at at any time
reserved or received, or is entitled to
receive, any profits, or other consider
alton whatever, either in the shape of
interest, discount, exchange, or other
wise. I'd. The average amount of all
moneys, effects, or dues of every de-
scription belonging to such bank or
banking company loaned, invested. or
otherwise used or employed with a
view to profit, or upon which such bank
or banking company receives, or is en-
titled to receive interest: provided,
however, that the average amount of
the specie funds of every such bank
kept on hand unemployed, except with
view of redeeming its circulation and
meeting its accruing liabilities to de-
positors, and also the average amount
Of the balances due from other banks
upon which no interest, profit or con-
sideration is reserved or received, shall
be excluded in the above estimates OF
the taxable property of each bank re-
quired to be made ndreturned as afore-
said. r
Sec. 81. To ascertain the amount
of notes and bills discounted and pur-
chased, and all other moneys, effects OF
dues of every description belonging to
} such bank or banking company, loaned
invested, or otherwise 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 sc
long such bank or banking company
shall have been engaged in business
r and if not, then during such time as
such bank or banking company shall
have been engaged in business: and
the average shall be made by adding to-
: gether the amount so found belonging
to such bunk or banking company ii
; each month so engaged in business, and
, dividing the same by the number Of
} months SO added together.
Sec. 62. Every person who shall
have money employed in the business
! of dealing in coin, notes, or bills Of ex
change, or in the business of dealing
in, or buying or shaving any kind o
t bills of exchange, checks, drafts, banl
!, notes. promisory notes, bonds, or othe
: writing obligatory, or stocks Of an.
kind or description whatsoever, shall b.
o held to be a banker, broker, or stool
: jobber, and in making out their state
! ment for taxation, as required by tn
b sixty-sixth section of this act, shall in
Il clude in his statement the average valu
e estimated as provided in the sixtieth ant
:. sixty-6rst sections of this act, of al
o moneys, notes, bills of exchange, bonds
stocks, or other property appertainin!
to his business as a banker, broker O.
. stock jobber, which he shall have hat
3 from time to time in his possession, O.
: under his control, during the year mex
l previous to the time of making sucl
:, !, statement, if so long he shall have beer
: engaged in such business, and if not
= then during the time he shall have beer
SO engaged. ~ ..a .as..-
: Sec. 6s. The president and cashie
\ of every bank organized under an ac
: to incorporate the State Bank of Ohi'
: and other banking companies, passed
e February "a, 1845, shall, during th,
e month of May in each and every year
r make the written statement required
! by the sixtieth (60) and sixty-6rst (61
$ sections of this act, to the auditor o
. state. In case the president and cash
3 ier refuse or omit to make such state
ment; the auditor of state shall ascer
,, tain the amount SO required to be re
: turned by the president and cashier
r from the last quarterly returns mad
: by such bank to his Office, to which sun