Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1859-07-20
Of tax charged on such property for the current ga

Of tax Charged on such property for the current ear
EASKs AND BANKING COMPANIES.
SIC so. It shall be the duty of the president and
cashier OF every hank or banking company that snail
have been. or may hereafter be. Incorporated by the
laws Of this state, and having the right to issue bills
for circulation as money. 70 make cut and return un-
der oath. in The manner hereinafter directed. daring
the month of May annually, ! written statement con-
timing, LIST. The average amount Of notes aud Mills
discounted or purchased by such bank or 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originally made or renewed during the year aforesaid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 ex.
cAailse- noles- hoEds, mortgages or any other cvi-
dence OF indchtedne $. lat their actual value IN m0rcs)
whether previous to. during. or after the period afOre-
sid: aud on which said bank or banking compauy has
at any time reserved or received. OF is cntit Il 20 re
ccive. any profits, or other consideration whatever.
either in the shape Of interest, discount. exchange, or
otherwise -. The average amcnnt Of all moneys.
elects. or dues OF every description belonging To such
hank or banking company loaned. invested Or other
wise used or employed with a view TO profit. or upon
which such bank or lHauking company receives or is
enttled to receive Interest; provided, however, that
the average amount of the specie fdHds OF every such
hank Kept on hand unemployed, except with = view Of
rede,ning its circulation aud meeting is accTu;n- Ii.
ABILITIES to deposiiors. and also the average amount
OF the balances dRe from ether hanks upon which no
Interest. profit or consideration is reserved or recc;v-
Ell, shall be excluded in the above estimates Of Tie tax
able property Of each bank required 10 be made a1d
returned as aforesaid.
SEc. 81. To ascertain the amount Of notes and bills
1AtAhAA ANU lAaEAANEh- hAA aA kAhNA u
fects or dues Of every dcsci igtion belonging {, such
hank or banking company. loaned, invested or other
wise used or t]nPioyei with a view to profit. or upon
which such bank or banking company receives. or is
entitled to receive interest, 10 be returned as alCre-
said there shall he taken as = criterion, the average
amount Of the aforesaid items for each month during
The year next previous 20 the time OF making such
statement il so long such hank or banking company
shall have been engaged in sG>iEesS, AMI II not, then
during such time IS such hank or barking company
shall have been engaged in business; ana the average
shall be made uy adding Together the amount 50 found
belonging TO such bank or banking l]company in each
month 50 engaged in busiIe S. asd dividing the same
by the number o: months 50 added together
Sac c.. Every person who shall have money EN-
| Logged in the business Of dealing in coin. notes or
ILLS cf exchange. or IN The business OF dealing in, or
buying or shaving airy kind Of bills Of exchange
check =, drafts. hank notes. Tromissory notes. bonds
or other writing ohli Eatorr- or stocks OF any Kind C-
description Whatsoever, shall he he'll to he "A banker.
broker. or stock johheT, and in maxim. out their ST ate
meut rr taxation. as required by the Sky sixth sec
ton Of this act. shall include in Lis statement the aver
age value estimated Is provided in siNtieth and sixty
first sections Of this act, of all moneys, notes. hills %
exchange, bonds. stocks or other property sppsrtaiE-
ing 20 his business as y banker, broker or stock job
be,, which lac shall have lad from timc 10 time in his
possession or under his control. during the year next
previous to the time of making such statement, if SO
tong lac shall have been engaged in such business, aEl
IL not. then during tie time lie sal!l have been 50 en-
gagged.
Sgc CO. The president anl cashier Of every hank
organized under al at - Incorporate ;he Safe Bank
Of Ohio aud Other banking cnlpa:ies. passed Fe)TGR-
ry -, Ifs, shall, during the month Of May ia each
and every year. make th- Erit,-n : .tenent required
by the sixtieth ,GG) ami s~ixiy-irst t6l SECTIONS Of this
act, to the auditor OF state. In case the president ard
cashier refcSe or omit 20 make such statement. The IN
Jitor Of strte shall ascertain The amount SO required
to be returned by the p1csidentstnd cashier, from the
last quarterly returns made hv Sach bank To his cllce-
to which sE;n he shall add fifty per rent The aC3Itar
Of state shall proceed 20 assess therelp0a :he a.nouut
oftsxes for the various purposes assessed upon prop
erty ia the locality where sail hank has its Office. OF
which assessment The arditor shall give no:ice TO the
president and caalier cf aHy such bank On the @oth
day Of December liz each year. it shall D. the duty Of
The comptroller to draw in favor Of the treasurer Of
state. upon each and every sIch banking company
for the amount OF taxes 50 assessed. which draft il
shall be the duty OF the said president or cashier 20
paw forthwith into the state treasury.
SEc. 81 In default ct any such president aalc1Sh
Ter to pay the amount Of Tire said dr2ft to the tr=aSu-er
OF state at his office. on or before the ;Iirty-hrst DAY
OF Decemher in any year, the treasurer Of state shall!
Immediately notify the attorney general thereof. who
shall thcr-upon proceed in the supreme court OF sh-
state. against the said president and cashier. by nal-
damus, to compel the payment Of the said taX-s; and
it shall be the duty OF the sail court 10 allow the said
writ. Or tie attorney general nsy also ~ his option.
commence d evil action against the president aai di-
rectors 81 said cem.any, Ia The court OF common pleas
or superior court of Franklin county. IN the name Uf
the st.te. for the ssnouat OF snrh tgx-s.
sac. GJ. All taxes 50 paid 10. or collected bv. the
state treasurer. shall he distributed - the aaiitor O.
state. in tn proportions to which thu seTeral coun-
ties, townships. and other local organizations are en-
titled.
sac. CO. An other banks nr banking companies
that shall have been, or may hereafter he. iEcorpora-
tel 10y he laws Of this safe. ami having she right To
issue hills for circulation as money except such ranks
ard comnaEirs as are enumerated ia section sixty o.
this act; and all such h3uEsrs and brokers IS are deS-
crihed ia the sixty second CD section OF this act.
shah anEu5!ly. during Ih- month Of Nay. make nt and
retarn to Tie eueitor o: the county in which such bank
or banking company may he Situated. 4 s;ats;a-nt. as
provided IA the sixIieth dnd sixty tr:t % AID Gil sec
tions Of this act.
Src. e.. Il slsI he the futy Of the auditors os the
several counties in which Que OF more suca banking
companies as are m-uiiohei in the presiding section
E'sy he situated. upon receiving rttuTns Of their ucies
and bills discounted. aad all other moneys, elects "r
dues. as provided In the SKY lGt) and siNty-hsst go
sections of tins act. To eutrr the same fort tax .tiuH up
Oh the grand Gupi cate Of The proper e5uu;g. aId apuu
the city duplicate Tor city taxes, in cases where such
city tax Is not returned upon the grand duplicate. but
is collected 10y ciy "licrss: ~iica amount, 50 rsturn
eG ami entered. shah be taxed ior tn same purposes.
and 10 the sane extent, thar personal properly i nov
or may he taxed in the place whore such bank or hluE
lag company is sifuatei; and such tax shall he cn!iec-
ted aHi paid over in the sane manner th's taxes on
other personal pro9-siy are required b. las ~ 5e col
iectsd ard paii over
SIC. G.. Each aaii.or Of srT c7altr, within the
! a,ts Of Which any hank ar marking company la1y Ice
located. shall. in case airy president or cashier a: snch
bank or banking company. as are M-atoGei in the
preceding section. refuse o. neglect to max cut and
deliver To the auditor the Statement required in tie
sixtieth 600; and Sky first 81 sections Ct this act
euteT upon the duplicate of tue IroTe- coantF. for tax
alton as Aforesaid, as tte asloan. of capital hisT per
cent IN addition ia the a;a"ant of the capital stock Of
such hank or banking company; and in order to as
certain the average amount of notes sud bills discGuu-
t-i or purchased. and all other noon ys. effects or dues
Of every description. belonging - such bank or bank
in- company. loaned. invested. or otherwise ufei or
e~;lalcyed Will a view 20 pToGi. or ugon which such
bank or baking company receives. ar IA entitled TO
r. ceive. interest, such auditor i authorized to take or
praclre II lie taken. The iestiao5y Of SucI Of the OIL
GERS, directors or stockholders Of Slca banking COM
pluy, or o. otErr pe.-GEs known or Supposed By him
10 lie ccEver4aHt with lar aJairs OF such hank nr haaS-
ing company, as may enable hin 10 asceItaia the
amount upou which such bank or barking company
should h taxed. s~rreesbiy Ia the provisions OF the
sIxiieth (GG) aad sixty first OH ~ssctinus Of this act; 20
Lich au4uEaf. when 50 asccrtained. ke shall add fifty
per cent which AMOUNT he shall thea enter uPon the
duplicate for taxation. as prescribed hy this act; provi
deJ:. that in cases where city taxes are assessed and
by city authorities. the taxes upon Hanks'for
purposes shall lie assessed ana coHected the same
- cisy taxes
I-:ScELLAYEOUs.
Sc. CO. Every person shall be liable % pay
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