The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1859-05-05
. LAWS OF OHIO.
PUBLISHED BY AUTHORITY.

cOI lne Assessment and IAXatl0n OF all
Property in this State, and for levying
Taxes thereon according to its true value
in money. -..
SECTION /. Bel enacted Jy the General
Assembly of the Stale of Ohio, That ell prop.
erty, 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 or hereafter crea.
ted, and the propertyof all banks or bank.
ing companies, now existing or hereafter
created, and Of all bankers, except such as
is hereinafter expressly exempted, shall be
subject to taxation; and such property,
moneys, credits, investments in bonds,
stocks, joint stock companies, or otherwise,
or the value thereof, shall be entered on the
list OF toxable property, for that purpose, in
the manner prescribed by this act.
Sec. 2. The terms "real property" and
"land," wherever used in this act, shall be
held to mean and include not only the land
ITSELF whether laid out in town lois or other.
wise, with all things contained therein, but
also all buildings, structures and improve
ments, and other fixtures of whatsoever kind
thereon, and oil rights ard privileges be
longing or in any wise oppertaining thereto.
The term "investments in boDds," when
ever used in this act, shall be held to mean
and include all moneys invested in bonds,
of whatsoever kind, whether issued by in
corporated or unincorporated companies,
towns, cities, townships, counties, states, or
other corporations, or by the United States,
held by persons residing in this state, wheth
er for themselves, or as guardians, trustees
or sgents. The term 'investments in
stocks" wherever used in this act, shall be
held to mean and include all moneys iRvest.
ed in the public stocks of this Or any other
state, or OF the United States, or in any as.
sociation, corporation, jvint 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 stockhold
ers, for the taxation of which no specia
provision is made by this act, held by per.
sons residing in this state, either for them
selves, 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 mascu
line gender, may extend and be applied Il
females as we'll as males. The term "per
sonal property" wherever used in this act
shall be held 10 mean and include: lst. Ev,
cry tangible thing being the subject OF own
ership, whether animate or inanjmate, other
than money, and not forming part of any
parcel Of real property as hereinbefore de
fined. I'd. The capital stock, undivided
profits, and all other means, not forming
part Of the capital sto' k of every company
whether incorporated or unncorporated, and
every share, portion or interest in such
stocks, profits or means, by whatsoever
name the same may be designated, inclusive
OF every share or portion, right or interest
either legal or equitable, in and to every
ship, vessel or boat, of whatsoever name OF
description, used or designed to be used
either exclusively or partially in navigating
any Of the waters within or bordering on this
state, whether such ship, vess ell or boat shall
be within the jurisdiction of this state OF
elsev here, and whether the same shall have
been enrolled, registered or licensed at any
collectors office, or within any collection
district in this state or not. The term
"money' or "moneys," wherever used IN
this act, shall be held to mean and include
gold md silver coin, and bank notes in &C.
tual session of solvent banks, and every
derffj (which the person owning, holding in
trus 5ix having the beneficial interest there.
in, is entitled TO withdraw in money, on de.
mand. The term "credits," whenever useC
in this act, shull be held to mean the excess
of the sum of all legal claims and demands
whether for money or other valuable thing,
or for labor or service due, or to become
due, to the person liable to pay taxes there.
on, including deposits in banks or with per-
sons in or out Of this state, other than such
as are held to be money as hereihbefore de
fined by this section, when added together
ESTIMATING every such claim or demand al
its true value in money! over and above the
sum OF legal bona fide debts owing by such
person. But in making up the sum of suct
debts owing, there shall be taken into &C
count no obligation to any mutual insurance
compony, nor any unpaid subscription to the
capital stock OF any joint stock company
nor any subscription for any religious, sci
entific, literary or charitable purpose, mol
any acknowledgment of any Indebtedness
unless founded on some consideration actu
aiy received and believed at the time o
making such acknowleds ment to be fu
consideration therefor; nor any acknowl
edgment of debt made for the purpose o
diminishing the amount of credits to be list
ed for tsxation, nor any greater amount Of
portion of any liability as surety, that the
person required to make the statement o
such credits believes that such surety is ir
equity bound, and will be compelled to pay
or to contribute, in case there be no securi
ties: Provided, that pensions receivable from
the United States, or from any of them, sal
aries or payments expected to be received
for labor or services to be performed or ren
dered, shall not be held to be annuitie
within the meaning Of this act. a...
Sec. 8. That all property described il
this section to the extent herein limited
shall be exempt from taxation, that is to say
let. All public school houses and house
used exclusively for public worship, tn
books and furniture therein, and the ground
attached to such buildings necessary for tn
proper occupancy, use and enjoyment of tn
same, and not leased or otherwise used will
a view to profit. All public colleges, pub
lie academies, all buildings connected wit
the same, and all lands connected with pub
liz institutions Of learning, not used with
view to profit. This provision shall not ex
tend to lessehold estates of real property
held under the authority of any college Q
university Of learning of this state. I'D. Al
lands used exclusively as grave yards O
grounds for burying the dead, except sue
as are held by any person or persons, com
pany or coFporation, with q view 10 prof
or for the purpose Of speculation in the sal