Pomeroy weekly telegraph. [volume] (Pomeroy, Meigs County, Ohio) 1860-1866, 1861-05-03
LAWS OF OHI
PUasLssIlED BY AUTHORITY

y y All
To amend an act entitled ''an act for the
assessment and taxation of property
in this state and for levying taxes
theron according to It's true value III
Money passed Anri! 5, 1889.
SEcrioS l b. II rnacicd By tie Gene,
rol Assrmby ot the State Of Ohio, That
every bank shall aHnual!y. between the
first ard second Monday Of May, make
out and, on demand Of the assessor, de
liver to him correct statement. attested
by the oaths OF the president and cashier
of such hank or if there be no president
or cashier, then by the oaths of the
principal manager and principal ac
countant Of such hank, setting forth:
First-Ihc amount of capita!, whether
divided into shares or not, actually paid
in or secured to be paid by note or other
wise, or i'll any manner procured Or
furnished, to be employed in its banking
business.
Second-The amount Of undivided
profits arising from such business, be-
longing to the bank. whether in its pos
session or subj ject to its control. or loaned,
or otherwise invested for its benefit.
Thrd-1'he amount loaned to or de
posted with such bank, for a term GER
tain, or which, hy agreement or under
standing between the parties, is not to
be Withdrawn on demand, excepting
amounts which may have been deposited
with any bank established as a clearing
house for the redemption Of the notes Of
banks making such deposits, and on
which no interest is charged or received
by the banks making such deposits;
which several amounts shall trul y rep
resent the condition Of the means, prop
erty and assets of the bank described in
this section, as they shall have existed
on the day next preceding the second
Monday in April and shall be added to-
gether, and the gross sum so produced
shall be deemed the amount Of property
employed in banking for the then cur
| rent year by such bank.
SEC. 2. The assessor shall return to
the county auditor the statement de-
scribed in the foregoing section, made
by any bank in his township or ward,
and the amount so returned shall be
placed on the county duplicate, and on
the city duplicate where city taxes are
collected on a separate duplicate, and
taxed as other personal property in the
same township, town, village or ward,
may be taxed by law.
SEC. 3. Every corporation, company,
individual, person or association of
persons, whether authorized by law to
issue notes for circulation or not, that
shall keep an office, counting house, or
other place for the transaction of bust
ness in this state, and shall discount,
buy, sell, exchange, or otherwise deal in
or receive in deposit money, bills of ex-
change, notes, bonds, stocks, certificates
of public debt, or other evidence of
debts, claims or demands, with IL view
of profit shall be deemed bank within
the meaning Of the preceding sections of
this act, aud for the purpose Of carrying
out its provisions.
SEC. + 1t shall be the duty of the
president and cashier OF each banking
company organized under the act entitled
san act to incorporate the State Bank OF
Ohio, and other banking companies, :"
passed February "a, 1915, on or before
the second Monday of May in each year,
to make out under oath, and return to
the proper assessor Of the township,
town or ward where such company is
located, a certificate containing state
ment Of the amount of the capital stock
of such company paid in and renrainin g
as capital stock undimlnished by losses
or otherwise, together with the amount
of surplus and contingent fund and un-
divided profits accrued prior to the first
Monday in May, and also the amount
loaned to, or deposited with such bank
for Il term certain, or which by agree
ment or understanding" between the par,
ties, is not to he withdrawn on demand
excepting amounts which may have been