Holmes County farmer. [volume] (Millersburg, Ohio) 1857-1926, 1861-06-06
ED. A. PARROTT.
House of Representatives
ROBERT g. KIRK
President Of the Senate
Passed April, 3 1861. .. ..
mo. 40.1 AN ACT.


To amend an act entitled ''ap act for the
assessment and taxation and assessment
Of property in this state for levying lax
es thereon according to its true value
in money!" passed April 3, 1859.
SECTION |. BE Il enacted by tie Gen
eral 1sSembly Of tie State of OAio, That
every bank shall annually, between she first
and second Monday in May, make out, and, on
demand of the assessor. deliver 10 him u cor
rect statement atteslcd by the oaths ofthe presi-
idcnt and cashier of such bank, or if there he
no president or cashier, then by the oahs of the
principal manager and principal accountant of
such bank. setting forth,
First--The amount of capital, whether divi-
dcd into shares or not, actually paid in or Sc
cured 10 he paid by note or otherwise, or IN any
manner procured or furnished to be employed
in its banking business
SCcOud-The amount of undivided profits
| arising from such business rs belong to the
bank, whether in its possession or subject 10
lis control or loaned, or otherwise invested for
Its benefit.
Third-The Mount loaned TO or deposited
with such bank for u term certain, or which,
Ivy agreement or undc standing between the
parties, is not To be Withdrawn on demand, eX-
cepting amounts which may have been deposi-
ted with any bank eslabliahed''as Il clearinghouse
for the redemption ottho 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 truly
represent the condition OF the means, property
and of the assets OF the bank described in this
section MS shall have existed on the day next
preceding the second Monday in April, and
shall be added together, and the gross sum SC
| produced shall he deemed the amount of prop
| cr,y employed in banking for the then current
year by such bank.
Sec. >. The assessor shall return TO the
county auditor the statement described i'll the
foregoing section, made by any bank III hi'
township, or ware, aud the amount so returned
shall he placed ON the county duplicate, and
ON the city duplicate where city taxes are col
leetcd on "A separate duplicate, and taxed rs 9th
or personal property III the same township. iowl
village or ward, may be taxed by law.
See. 3. Every corporation, company, indi
yidual person or association OF persons, whcth
or authorized by law To issue notes for circula
tion or not, thai shall keep an office, counting
house. or other place for the transaction o
business in this state, and shall discount buy
sell. exchange, or otherwise deal in or receive
in deposit money, bills of exchange, notes
bonds, stocks, certificates Of public debt, o
other evidence of debts, claims or demands
with view of profit, shall he deemed n bank
within the meaning of the preceding sections
of this act, and for the purpose Of carrying gu
lis provisions.
Sec. 4. II shall be the duty Of the prcsidcn
and cashier of each banking company orgIui
zed under the act entitled "an act TO incorpora
the State bank Of Ohio. aud other banking
companies" passed February II, lSiJ,on or he
fore the second Monday in May in each year
TO make out under oath, and return To the prop
or assessor oflhc township, town Onward ,wh cr
such company is located, certificate conlalnin!
n statement of the amount OF the capital stock &
such company paid in and remaining rs capita
stock undinnishcd by losses or orhcrN Use, to
gciher with the amount of surplus and contiu
gent fund and undivided profits accrued prio
to the first Monday in May, and also the amour
loaned or deposited with such bank for tern
certain, or which by agreement or understand
ing between the parties, is not to be Withdraw
ON demand. excepting amounts which may hay
been deposited with any bank established as
" clearing house for the redemption of the note
of banks making such deposit and on whcl
no interest is charged or received 10y the bank
making such deposits; and the amount ~ rc
turned shall be placed on the county duplicate
and ON tile city duplicate where city taxes nr
collected on n separate duplicate, and taxed n
. other personal property IN the same township
town. village, or ward may be taxed by Law
In making the certificate Aforesaid. any porlio
OF said capital stock surplus or contingent fun
or nnulNlucd llonlS lhN'Nl'u w l'al 'N'n'
e which is subject to taxation under the laws
$ this state, may he deducted, hut the eeiIliicaI
i shall specify The amount So deducted
# Sec. !. Each assessor OF any township {
n ward within the limits ol which any such han
u or banking company may be located, IN cas-
II any president or cashier OF such bank OF ban !
b ing company shall refuse or neglect I" maL
n ont and deliver to the assessor herein required
), after the provisions Of this net shall haNo bee
accented by such bank as heinaner provided
. shall, rs in other eases, ascertain the amount
n such capital stock. surplus aud contingent fm
r and undivided profits, and shall return the san
to the county auditor. ur 90 such officer rs IL
= law regulating his duties may rcqGirc, aud II
h amount thus a,certaned, with the addition
u OF fny per ccutum thereof. shall ho entered ul
Il on the proper duplicate for taxation; provide'
4 that in cases where city taxes are ~ scssed an
n collected by the city authorities the taxes upo
1, banks as provided for in this act, shall be "a
srsscd and collected the same rs city taxes NJ
e ON other property Tor the time being are u
e sessed aud collected in such city.
Sec. g. Ii shall be the duty of every asse
l. sor in whose jurisdiction there shall be locate
n any such bank or banking company, TO lea
h with some proper officer Of such bank or banl
IA ing company. notice to make out and dell,
within ten days the statement required IA u
10 first section of this act,
,r Sec 7. Each and every banking compal
y organized under the provisions OF The act entltl
Ie ian act TO incorporate the states Bank OF On
n and other banking companies, passed Eebrn
q ry 81 lSi5, accepting the provisions OF the thr
l. preceding sections shall make out and transn
u a certificate thereof TO the auditor OF the coun