M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1859-05-05
OF OHIO f:
PyDLIsHED ny AUTHORITY.
mo. 2O6.l AN ACT

in money.
Section l.. Bot enacted Jy hs Gensra
Assembly of the State of Ohio. That 81
property, whether zeal or personal, in ihi
State, all moneys, credits, inyettments d
bonds, stocks, joint stock companies, or 9th
erwise, of persons residing therein; the
property OF corporations now existing o
hereafter created, aud the property of al
banks or banKing companies, now existing
or hereafter created, and Of all bankers, ex
cept such as is hereinafter expressly eXemp
ted, shall be subject to taxation. and sucl
property, moneys, credits, investments il
bonds, stocks, joint stock companies or 9th
erwise, ,or the value thereof, shall be entered
on the list Of ia Xabe property for that pur
pose, in the manner prescribed by this act
Sec. 2. The terms "real property" ant
"land," wherever used in this act shall be
held to mean and include not only the land
itself whether laid out in town lots or 9th
erwise, with all thinga contained therein
but also all buildings, structures and i'm
provements. and other fixtures of wha tsoev.
er kind thereon, and all rights and privile-
ges belonging. or in any wise appertaining
thereto. The term investments in bOnls,
whenever used in this act, shall be held to
mean and include all moneys invested ! n
bonds, of whatsoever kind, whether issued
by Incorporated or unincorporated compa-
nies, towns, cities, townships, counties,
states, or other corporations, or by the Uni.
ted States, held by persons residing in this
state, whether for themselves or as guar
dians, trustees or agents. The term "in-
vestments 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 OF
capital of which Is or may be divided into
shares, which are transferable by each own
er, without the consent of the other partners
or stockholders, for the taxation Of which M
special provision is made by this act, held
by pesons residing in this state, either for
themselves, or as guardian1, trustees or
agents. Tn, term "olth," wherever used in
this act, shall ne held to mean oath or alllr-
nation, Every word in this act importing
the masculine gender, may extend and Le
applied to females as well as males. The
term personal property wherever nsed ia
this net, skaii bs held to1nean and-iucidie.
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 hereinbeiOre
defined, Cd. The capital stock, undivided
profits, and all other means, not forming
part of the capital stock Of every company
whether incor porated or unincorporated, and
every share, portion or interest in such
stock, profits or means, by whatsoever name
the same may be designated, inclusive OF ev-
cry share or portion, right or interest, either
legal or equitable, in and to every ship, vesse
or boat, of whatsoever name or description
used or designed to be used either exclusive.
ly or partially in navigating any Of the wa
tiers within or bordering on this State
whether such ship, vessel or boat, shall be
within the jurisdiction of this State or else
where, aud whether the same shall have been
enrolled, registered OF licensed at any col
lector's office, or within any collection dis
trlct III this Stale or not. The term 'mon-
cy," or moneys" wherever used in this act
shall be held to mean and include gold and
silver coin, and bank notes in actual pos
session Of solvent banks, and every deposit
which the person owning holding in trust
Or having the beneficial interest therein, is
eutitled to Withdraw in money, on demand.
Tne term "crelits" whenever used i'll this
act, shall be held to mean the excess of the
sum Of all legal claims aud demands, wheth-
er for money or other valuable thing, or for
labor or service due, or to become due, to
the person liable to pay taxes thereon, in.
Cudmg deposits in banks or with persons in
or out of this sta te, other than such as arc
held to be money as herein before defined by
this section, when added together, (eslma.
ting every such claim or demand at its true
value in money! over and above The sum oi
legal, bona fite debts owing by such person.
But in making up the cum Of such debts
owing, there shall be taken into account nc
obligation TO any mutual insurance compa-
ny, nor any unpaid subscription 10 the capi-
tai stock of any joint stock company, noI
any subscription for any religious, scientif.
ic, literary, or charitable purpose; nor any ac-
acknowledgement Of any Indebtedness unles:
founded on some con sideration actually re.
ceived and believed at the time OF making
such acknowledgment TO be full consider
alton therefor; nor any acknowledgement d
debt made for the purpose of diminishing
the amount of credits to be listed for taxa
tion, nor any greater amount or portion o.
any liability as surely, that the person re-
quired to make the statement of such credits
believes that such surety is in equity bound
and will be compelled 10 pay, or TO contri
butte, in case there be no securities: provi
ded, that pensions receivable from the Uni
ted States, or from any Of them. salaries OF
payments expected to be received for labor
or services to be performed or rendered
shall not be held to be anndities within the
meaning of this act. ....t
Sec. 3. That all property described in
this section TO the extent herein limited shall
be exempt from taxa ton, that is to say, LIST.
AL public school houses and houses used
exclusively for public worship, the books
and furniture therein, and the grounds at
tached to such buildings necessary for the
proper occupancy, use and enjoyment Of the
same, and not leased or otherwise u:ed with
view to profit. All public colleges, pub
lie academies, all buildings connected with
the same, and all lands connected with pub.
lie institutions Of learning, not used with q
view to profit This provision shall not ex
tend to leasehold estates of real property
held uuuer the authority OF any college ul
university of learning of this slale. Cad
Az lands used exclusively as grave yards OF
grounds for burying the dead, except such as