Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1861-06-06
LAWS OF OHIO.
Published by Authority

| No. d01 AN ACT
To amend entitled ian for the assessment and
taxation and assessment property in this and
ey,n passed April 9, 1850.
Section l. BE it enacted by the General Assembly of
the State Of Ohio, That every bank shall annually be.
tween the first and second Monday Of May max ou and
on demand Of the deliver to him state
men aested BY the onts of the President and cashier Of
", '.iO oS Nv PIesiuoH' OF chHhlcI' ulcn ny
the oats OF the principal manager and principal account
| ant OF such bank, setting forth, sii
Frst-ihe amount OF capital whether divided into shares
or not actually paid In or secured 10 be paid by or
otherwise or any procured furnished TO he
employed in its banking business.
Seeohu-Ihe amount OF undivided profits arising from
such business belonging TO the bank whether in lis pos
session or subject to CONTROL loaned, Otherwise
Tlrd-The amount loaned to or deposited with such
bank for term certain, which, by agreement or nm
dersandng between the parties is not to be Withdrawn
on demand excepting amounts which may have been de-
posted with any bank established clearing hons. for
the redemption OF notes OF hunks making uchdcposits
aud on wicr no interest is charged received hy the
banks making suchdeposits which vernl amounts shall
truly represent the condition of the MEANS property and
have existed the day preceding the second Mon
day in April and shall be added together and the gross
produced shall be deemed the amount of
bank. ' - 9"e"
Sec . The assessor shall return 10 the comfy nud,or
the statement described in the foregoing section made BY
any bank in his township ward, and the amount so re-
turned shall be placed OH the county duplicate and on the
city duplicate where city taxes collected on a separate
duplicate and taxed other personal property In the
same township town, village ward, may be taxed by
law
Sec. Q. Every corporation, company individual pcr.
son or association OF persons whether authorized by law
to issue notes for circulation not TINT shall keen M oG
ce cOunng-house other place for the trnnsac,on of
business IN this stute, aud shall discount, buy sell ex-
bills OF exchange, note bonds, stocks certificates publc
debt or other evidence OF debts, claims demands with
avicw OF profit shall be deemed bank within the mean
ing oil the preceding sections of this and for the pr.
pose OF carrying out its provisions.
Sec i shall he the duty of the president and cashier
OF each banking company Organized under the entitled
'an actto incorporate the state Bank OF Ohio and oteI
banking companies passed February "a, 1s5 OIL or be.
lore the second Monday OF May in each year to make ou
under oath and return to the proper of the town
sp, town or ward where such company is located GER
uhen'e containing statement 1.-THE amount ofhe capita
stock tsIch company paid in and remaing us capital
stock undninished by losses Otherwise together will
the amount OF surplus and contingent fund and undivided
prohs accrued prior 10 the first Monday in May and nsc
inc amount loaned TO or deposited with such bank for
term certain or which by agreement understanding be
tween the parties, is not to be withdrawn on cnnnd Y
certing amounts which may have been deposited with an,
bank established clearing house for the rcdpmniioi
othe notes OF banks making such deposits and on ,hcI
no interest Is charged or received by the banks nuknl
such dcpostsi and the returned shall be PLACED
on the county duplicate and OH the city duplicate whcr,
cry mxes are collected on separate duplicate and tax
ed rs other personal property in the township town
village or ward may be taxed by law In making the Ger
tcae aioesaid any portion OF said capital stock slrplu
or contingent fund vidcd profits invested in real es
tate which is subject totaxatio under the laws of ih
state, may be deducted but the r icne shall snacif M
prnount so deducted. '' u"
Sec g. Each assessor of any township or ward with
III le hlits OF which any such bank banking
nny ne located IN case any president cashier suc
bank orbunking company shall refuse or neglect TO max
out ana delverto the the herein rrauir
cd after the provisions OF this shall have been
by such bank as hereinafter provided shall ns in ote
cases ascertain the amount Of such capital stock surpu
and contingent fund and undivided profits aud shall n
turn the same to the county auditor to such other office
as the law regulating his duties may require and In
amount thus asccrinined with the addition of fifty per cen
tin thereof shall be entered upon the proper duplicate 70
hSauoni Provided that in where city taxes mr.
assessed and collected by the city authorities the
atTif f.tf hf.. IL n 4
ana collected the same city upon other propert
or inc llc being are assessed aud collected in sc cit,
see o. IL shnll be the duty of every assessor in who's
jurisdiction there shall be located any such bank or bank
ing company TO leave with proper officer of sue
bank or banking company, notice make out and de
liver within ten days c statement required in the fir,
section oithis act.
Sec. 2. Each and every banking company organize
uhucr the PROVISIONS OF the act entitled nco
porae the State Bank OF Ohio. and other banking com
pnncs passed February "a, 1875 accepting the proy,
IONS oil the three preceding sections, shall make oIt mn
transmit certificate thereof the auditor of the county
which snch bank or banking company Is located and sba
is1 ,ransn!l certified copy OF such acceptance til
Sec. T. This act shu not be construed to repeal IN
sAth section o the act "o incorporate the State Ban
ot OHIO aud other banking companiesr aforesaid hui
suspend the operation OF said section several con
pacs accepting the provisions hereof during the time the
shall continue to be taxed as provided in this act
Sec. o. Sections CO. 6l, 81 63 81 G5 G6 81 md O.
c uct entitled an act ur the and taxation
property in this state and forlcvy
hereby repealed. ' -
Sec. TO- This act shall take effect on lis passnre
ED. A. PARROTr,
Speaker pro TEN, OF the House OF Representatives.
ROBERT G. KIRK,
President oi the Senate.