The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1859-09-02
Laws or OHIO. o
PUBIisueb B6 AnrHoRrfY
fNo e0ol AN ACT
For he Assessment and Taxation or al rr,p.
tlty D. this STATE, and iot ittyius TaSc'
iaofeoa hosoriing 70 is true value In mon.
%.

thtrciy nnd provided fnrlhcr, ilat hothngin
this 1cciinn shall be constructed 10 prevcm The
CvntY commisaoncrs, nwonehip trustees, or
corporate ofih0fiiics df any city or vilagc ifOm
lcttint nnr lax which bv any special law they
shall BE- orthouzcd 10 levy
sen % The c,mpsient nuthofiies Of any
county. city, of tHonslhn that shallhnvc sub.
sci0ti u TIC cpitUl stock Of any railroad
cini1ny and shall have issued Ne bonds or
otler stcurihos Cor no payment OF such tub'
scription. may nt any time within Eve years
neat bciore tht nainciples Of said bonds hr 9th.
cr Fcruritils. shall be payble, IL The market
prict of NC stock Of such railroad company be
Tess ihau anvcnty per cent, ON iis par value,
levy, or cause 10 be levied ANNUALLY, on The
satu'c ptop rtY Of such coniny, ciyt urto yn
shini such iaEnot eacseding one mill on the
d3lltt ~ Wi be su1iciont 20 hhianc tho Dis.
count ON che railroad stok held by such conn
~, oiiy or iWonahlp, BY the time such bonds
may become dues and pnooeeds Of oil such
iaxte shall form, with such stock sinking fund
and shall be invested IN me purchase Of lhe
bond1 iefued by such county. city or iwonshin
or in other safe and productive lccurliics, and
and rIali hr.annlird % the payment OF The
baai. As iIaid and no other use or purpose
Whntetcl'
Sec 81, iishhi bo unlaNll iof the corpo
iato any eonniy. tHDnshln, oity or ylhgr, un.
less especially and ozpforeiy authorized 10y
some actol iho gentfal assembly, 70 contract
any debt, OF ucur any pecunnly Iblity for
the payment Of either the principle or interest
OF which during The current ycar or any sub
aequcnh car, u will be necessary 10 levs ON
on the iaEablo prupcity of such county, twon
ship, city or yillag, higher ratio of tax than
ths maxidm rate WoseHbtd by this not.
Sec q. Every contrant made In contro.
veutiot oftho provisions ct the foregoing soc.
tiou, shall be uforly null nnd void Ia ropnrd to
nuy obligation thereby imposed on the corp
raion on behalf Of Nhioh such contract pur.
portH % have been made. but every commits
sioncr, officer, ngcnt trustee, or member OF
any muhiciple n oraoion that shall have mad
or participated ia makeing, or authorized the
making of any such contract, shah be held TO
BE- ind yidually liab for its performance. and
eYcfY commisiiuner, trustee dlrt otur member
OF any city or village council, or other officer
or agent Of any such municipal corporai
who shall have been presrnt when au, such
uhluWinl contract was made, or Authorized the
making che same, a. the case may be-, unless
he shall, " pres NJ have al srutcd tiorrtom,
or cause ~ be enttrsd, such dissent on the re-
cords Of such municipal corporation, on its
cous ellis, tfusteess Or other officers or nrtnts
Sec So Whenever a greater amount Of
tax shall be necessary IN any caunty Than the
foregoing rates viii respectively afford for
The purpose Of erecting public buildings, or
payment OF such bindings alrcd N erected or
ior the payment OF any debt already contract
81 for county purpose, The commissioners may
add 70 the rate OF taxation for such county
ma exceeding 6ily per oentum; which addi
uooal tax shall be exc usiveIy appropriated TO
the purposes lof which Il was raised
SEQ. "a. Tho commissioners of any coun.
" hat has a floating debt Ia county orders,
npd the amount authorized by present existing
laws 70 be levied for county purposes, be in
sufficient to deiray tboexpcnses Of suth coun.
~ aud pay the interest on thcir debt, may u
they Deem Il idst and righ'. levy sufficient
amount 70 pay tho intCryst on their debt; which
tax whon collected, shall be applied TO no
yng the interest Oh the county debt, and no
other purpose .H