Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1861-06-06
mo. 49.1 AN ACT.


No. 49, AN ACT.
To amend an act entitled "an act for the
assessment and taxation and assessment
of property in this state for levying tax
es thereon according to its true value
in money!" passed April 5, 1859.
SECTION L. Be 1t enacted By the Gen
eral assembly of the State of Ohio That
every bank shall annually, between she first
and second Monday in May, make out, and, on
demand of the assessor, deliver to him a cor
rect statement attesied by the oaths of the presi
ident and cashier of such bank, or if there be
no president or cashier. then by the oaths of the
principal manager and principal accountant of
such bank. setting forth, 4
First-The amount of capital, whether diyi-
dcd into shares or not, actually paid In or Sc
cured TO be paid by note or otherwise, or In any
manner procured or furnished to be employed
in its banking business. lt'
Second-The amount of undivided profits
arising from such business rs belong to the
bank, whether in its possession or subject to
its control, or loaned, or otherwise invested for
Its benefit.
Third-The nornt loaned to OF deposited
with such bank, for q term certain, or which,
parties, is not to be Withdrawn on demand, eH-
cepting amounts which may have been deposit
ted with any bank established'as clearinghouse
for the redemption ofthe 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, as shall have existed on the day next
preceding the second Monday in April, and
shall be added together, and the gross sum so
produced shall be deemed the amount of prop
erty employed in banking for the then current
year by such bank.
Sec 2. The assessor shall return to the
county auditor the statement described in the
foregoing section, made by any bank in his
township, or ware and the amount SO returned
shall be placed on the county duplicate, and
on the city duplicate where city taxes are col
lected on a separate duplicate, and taxed as 9TH
er personal property in the same township. town
village or ward, may be taxed by law.
Sec. 3. Every corporation. company, indi-
vidual person or association OF persons, wheth-
or authorized by law to issue notes for circula-
ton or not that shall keep an office, counting
house, or other place for The transaction of
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. or
other evidence of debts. claims or demands,
with view of profit, shall be deemed a bank
within the meaning of the preceding sections
of this act. and for the purpose Of carrying out
its provisions.
Sec. 4. 1t shall be the duty of the president
and cashier of each banking company organi-
zed under the act entitled "an act 10 incorporate
the State bank of Ohio, and other banking
companies" passed February "a, lS45,on or be-
fore the second Monday in May in each year,
to make out under oath, and return to the prop
er assessor ofthe township, town or ward.wh ere
such company is located, a certificate containing
a statement of the amount of the capital stock of
such company-pai in and remaining as capital
stock undiminished by losses or otherwise. to-
gether with the amount of surplus and contin-
gent fund and undivided profits accrued prior
TO the first Monday in May, and also the amount
loaned or deposited with such bank for term
certain, or which by agreement or understands
ing 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 deposit and on which
no interest is charged or received by the banks
making such deposits; and the amount SO re-
turned shall be placed on the county dupiieale'
and on the city duplicate where Guy .'Aes "e
collected on a separate duplicate ana taxed as
other personal property in The same township
town. village or ward may be taxed by law.
In making the certificate Aforesaid. any portion
of said capital stock. surplus or contingent fund
or undivided profits invested IN real estate
which is subject to taxation under the laws OF
tbis state. may be deducted, but the certificate |
shall specify the amount 50 deducted.
Sec. 5. Each assessor Of any township or
ward within the limits Of which any such bank
or banking company may be located, in case
any president or cashier Of such bank OF oahk-
ing company shall refuse or neglect 10 MAKE
out and deliver to the assessor herein required'
nflcr the provisions of this act shall have been
by such bank as heinaiter provided.
sbaIi. as in other cases, ascertain the amount OF
,uch capital stock. surplus and contingent fund !
and undivided profits. and shall return the same |
10 the county auditor, or to such officer rs the |
Inv regulating his duties may require. and the |
amount thus ascertained, with tho addition Of
If iifty per centum thereof shall be entered up
ON the proper duplicate for taxation; provided,
that in cases where city taxes are assessed and
collected by the city authorities, the taxes upon
banks a. provided for in this act. shall Be a.
sessed and collected the same as city taxes up