The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1861-06-12
Laws of Ohio.
PGBL IsmEO BY AUEIsOkIrY
70. 40. AN ACT

No 49.l AN ACT
To amend an act entitled ian act for the assess
ment and taxation and assessment Of property
in this state, and tor leyying taxes thereon ac-
cording to its true yuue in money, passed April
S. 1853
| Sectionl Be it enacted BY the General Assem-
| bly, Of the State of Ohio That every bank shall
annually, between the first and sencond Monday
| of May, make out, and on demand of the assess
Or, deliver to him correct statement, attested by
the oaths Of the presidentor cashier, then by the
oaths of the principal manager and principal ac-
conntant Of such bank, settiag forth,
| First the amount Of capital, whether dlylded
INTO shares or not, actually paid in or secured to
procured or furnished, to be employed in its bank
ling business. . a@
Sccond-The alnouutof undivided profits aris-
| ing from such business belong to the bank wheth
er in its possession subject TO its control, or
loaned or otherwise invested for its benefit.
/ Third--The amount loaned to or deposited with
such bank for term certain, or which, by agree
lmcnt or understanding between the parties, ls NOT
/ to be withdrawn on demand, excepting amounts
which may have been deposited with any bank es-
tablished as a clearing house for the redemption
of the notes Of banks making such deposits, and
on which interest is charged or received BY the
banksmaking such deposits; which several amounts
shall truly represent the condition Of the means,
property aldiassets Of the bank describe in this
section, as they shnllhay existed on the day next
preceding the second Monday ia April, and shall
be added together, aud the gross sum SO produced
Ishal bedeemed the amount Of property employed
in banking for the then chrFent gear by such bank
Secs2. fheassessor shall return TO the county
auditor the statement described in, the foregoing
section, made by any bank in bis township or I
lward, and the amount so returned shall be placed
Ion the county duplicate and onthe city duplicate
where city taxes are collected on a separate du-
Iplicate, and taxed as other personal property in
The same township, town, village orsward, may be
taxed BY law
Sec. 3. Every corporation. sefnpany, jndvidu-
al, person orassociation of persons, whether au-
thori2ed by law TO issue notes for circulation or
not that shall keep Office, counting house, or
Eother place for the transaction of business IN this
Estate, and shall discount fbuY, SELL exchange, or
otherwise deal in or receive in deposit money,
tbllls of exchange notes, bonds. stocks, certih-
Gates Of public debt, or other evidence Of debts,
claims or Demands with view Of profit shall be
deemedla bankiwithin lhe meaning Of the preced-
ling sections Of this act, and for thep purpose Of
tcarrYing out It's provisions.
+ Sec it shall be theduty df the presidentand
tcashier Of each banking company organzed under
ltheact entitled an act to incorporatc the State
Bank Of 0hio, and other banking companies,
passed Febrlary "a l843. on Or before the second
IMondsy of May in each year, 70 make ont nndcr
oath, and return to the proper assessor Of the
township, town or ward where such company is
located, acertifeate containing statement of the
amount Of the capitol stock OF such company pad
lin snd remaining rs capital stock uhdimnished by
surplus and contingent fund and undivided profits
aecrued prior 10 the first onday in May and also
1.-THE amount loaned to or deposited with such bank
& FLOR term certain, or Which by agreement or nn-
derstandng between tht sarties IS not TO be with
drawn oildeniand excepting amounts which may
have beendeposied with apy bank established as
clearing house fortheredemption Of the notes Of
4 banks making such deposits and on which no IN
terest u charged or received by the Banks making
such depesits' amount 50 retufcd shall be
lplaced 90 tlelceanty dppioatc and on the city du
IpIicate where city xcsare collected on separ-
Fate duplicate, and taxed ns otIcf personal proper
:, Ety nthe same township, totsn Village or ward
may beitaxed BY law, In making the certificate
sfpresaid arxportion Of said capital stock, sur
\ Epps or cQntr gent fEpa Or updiYdedfrofts inyes-
ed II real cstate which is Sulgei 70 tax alton I'm
certificate shall specify the afnounts deducted
y Sec g. Earhdssessbr of any tpwnship or ward
within The limits Of which any such bank or bank
ing company may be located, 10 ease any prcsi.