The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1861-06-07
LAWS OF OHIO.
tPunLIsuED ny AUTHORITY.

mo. 40. AN ACT
To amend an act entitled "An act for the
assessment and taxation and assessment Of
property in this state, and for levying tax.
es thereon according to its true value in
money" passed April 5. 1852
SECTION l. De it enacted by the General
Assembly OF the state of Ohio, That every
bank shall annually, before the first aud se
cond Monday OF May, make out. and, on
demand Of the Assessor, deliver 10 him a
correct statement, atteSted by the oaths Of
the President and Cashier Of such bank, or
il there be no President or Cashier, then by
the oaths OF the principal manager and prin.
cipal accountant OF such bank, setting forth,
First - The amount Of capital, whether
divided into shares ot not, actually paid in
oi secured to be paid ly note OF otherwise,
~ in any manner procured or furnished, 20
be employed III its banking business.
Second - The amount of undivided profits
arising from such business, belonging TO the
bank, whether in its possession or subject to
its control, or loaned, or otherwise invested
ioi its benefit.
Third - The amount loaned to or deposit.
ed with such bank, for a term certain, or
which, hy agreement or understanding be-
tween the parties, is not 10 be- withdrawn on
demand, excepting amounts which may have
been deposited with any bank established as
- clearing house for the redemption of the
notes OF banks making such deposits, aud on
which no interest is charged ~ received 10y
the banks making such deposits; which sew
rTai amounts shall truly represent the con-
dltiou OF the means, property and assets oi
the bank described IN TINS section, aS they
shall have existed on the day next preceding
the second Monday IN April, and shall hc
added together, aud the gross sum So pro-
duced shall be deemed the amount of pr.
pcrty employed III banking Tor the then cur
rent year, by such bank.
SIC. >. The Assessor shall return 10 The
County Auditor the statement described m
the foregoing section. made by any bank IN
his township or waId, anl the amount 50
returned shall be placed on the county du-
plicatc, and on the city duplicate where city
taxes are collected on separate duplicate
and taxed rs other personal property in the
same township, town, village or ward, may
be taxed by law.
7 Syc. 3. Every corporation, company, in
dividual, person, or association of petSonS
whether authorized by law to issue notes fo
circulation or not, that shall keep an Office
counting house, OF other place for the trans
action of business in this state, and shal
discount, buy, sell. exchange. or otherw's
deal IN or receive in deposit money, bills O
; exchange. notes, bonds, stocks, certificate
of public debt, or other evidence OF debts
claims or demands, with n view OF prof,
| shall be deemed n bank within the meanin
OF the preceding sections of this act, and fo
! the purpoSe of carrying out its provisions.
SEC. 4. II shall be the duty OF the Prcsi
, dent and Cashier of each banking compan
i organized undet the act entitled can act
/. incorporate the State Bank Of Ohio, an
n other banking companies" passed Februar
=. %, lS45, on or before the second Monday {
May in each year. to make out under oatl
and return TO the proper Assessor OF I'll
township, town or ward where such compa
ny is located, certificate containing state
ment Of the amount Of the capital stock
y such company paid in and remaining as car
II ital stock undlminished by losses OF othe
. wise, together with the amount OF surpll
and contingent fund and undivided prof
accrued prior TO the first Monday in Ma
o. and also the amount loaned to or deposltt
with such bank for term certain, or whiC
n iby agreement or understanding between Il
4 partles, is not to be withdrawn on deman
" excepting amounts which may have bee
III deposited with any bank established as
- clearing house for the redemption Of Il
At notes of banks making such deposits and {
81. which no interest Is charged or received
the banks making such deposits; and Il
amount so returned shall be placed on Il
no county duplicate, and on the city duplica
OF where city taxes are collected on a SepaTa
duplicate, aud taxed as other personal pr
'r- perty in the same township, town, village
ward may be taxed by law. In making I
certificate aforesaid, any portion OF said ca
ital stock, surplus or contingent fund
lly undivided profits invested IN real est;
in which is subject to taxation under the la
hs of this state, may be deducted, but tho Ger
fcate shall specify the amount SO dednct,
ea SEC. s. Each Assessor Of any townsl
,oo or ward within the limits Of which any 81
,oe bank or banking company may be locat
Iov in case any President or Cashier Of 81
ion bank or banking company shall refuse
st, neglect to make out and deliver to the 1
KIN SCISSOR the statement herein required, al
ros the provisions Of this act shall have b,
,ou accepted by such bank, as hereinafter p
- yided, shall, as in other cases, ascertain
'ns amount Of such capital stock, surplus I
'o contingent fund and undivided profits,
'"' shall return the same to the County Audi
eal or such other officer as the law regulat
his duties may require, and the amount I
Dck ascertained, with the addition Of fifty
'jy. centum thereof, shall be entered upon
proper duplicate for taxation; provided,
y in cases where city taxes are assessed
no collected by the city authorities, the I,
re- re- upon banks, as provided for in this act, S
he assessed and collected the same as
taxes upon other property for the time b,
= are assessed and collected in such city.
ms SEC, 6. II shall be the duty OF every
SCISSOR in whose jurisdiction there shal
- located any such bank or banking comp
10 leave with some proper officer of
bank or banking company, a notice to q
irs, ont and deliver within ten days the s.
I'm m oe'