The weekly Lancaster gazette. (Lancaster, Ohio) 1860-1863, 1861-06-27
LAWS OF OHIO.
PUBLISHED, ny AUTHORITY

eNNNerr-@~AN
property in this state, and for levying taxes
thereon according to its true value in mon
ey," passed April s, 1859. &
SECTION /. Be il enacted by the General
Assemblyef the State Of Ohio, That every
bank shall annually, between the hrst and
second Monday OF May, make out, and' on ce-
mand of the assessor deliver to him correct
statement, attested by the oath OF the presi.
dent and cashier of such bank, or II there be
no president or cashier, then by the oath Of
the principal manager and principal account
ant Of such bank setting forth,
First--the amount OF capital whether divi
ded 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 en-
ployed in IFS 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
| for its benefit.
Third-The amount loaned to or deposited
with such bank, for term certain, or which
| by agreement or understanding between the
parties, is not to be withdrawn on demand, ex-
cepting amounts which may have been depoS-
| tied with any bank established as a clearing
house for the redemption Of the notes Of banks
I
IS charged or. received by the banks mak>
i ing such deposits; which several amounts
shall truly represent the condition Of the
means, properly and assets Of the bank de.
scribed in this section, as they shall have ex-
listed on the day next preceding the second
Monday in April, and shall be added together
and the gross sum so produced shall be deem.
ed the amount Of property employed in bank
ing for the then current year by such bank.
SEC. O. The assessor shall return to the
county auditor the statement described in the
foregoing section, made by any bauk IN his
township or ward, and the amount so return.
ed shall be placed on the county duplicate,
and on the city duplicate where city taxes are
collected on a separate duplicate, and taxed
as other personal property in the same town.
ship, town, village or ward, may be taxed by
law.
SEC. D. Every corporation. company, inli.
vidual, person or association Of persons,
whether authorized by law to issue notes for
circulation or not, that shall keep an office,
counting house, or other place for the tran
saction OF business in this state, and shall dis
count, buy, sell, exchange, or otherwise deal
in or receive in deposit money, bills Of ex-
change, notes, bonds, stocks, certificates oi
public debt, or other evidence OF debts, claims
or demands, with view Of profit, shall be
deemed bank within the meaning Of the pre-
Ceding sections Of this act, and for the purpose
Of Carrying out its provisions.
SEC. q. 1t shall be the duty OF the presi'
dent and Cashier ofench banking company or
ganized under the act entitled ian act 10 in.
corporate the State bank of Ohio and Other
banking companies" passed February "a,
lS45, OH OF before the second Monday Of May in
aonh uDa az In ma la nui nn6aF Oath md FaIt
to the ptoper assessor Of the township, town
or ward where sieh coltipaEYiS located, a Ger
tificate, containing statement OF The amount
Of the capital stock Of such company paid in
and remaining as capital stock undmnished
by losses or otherwise, together with the
amount Of surplus and contingent fund and
undivided profits accrued prior to the FIRST
Monday in May, and also the amount loaned
to or deposited with such bank for term Ger
tain, or which by agreement or understanding
between the parties, is not to be Withdrawn
on demand, excepting amounts which may
have been deposited with any bank establish
ed as a clearing house for the redemption OF
the notes Of banks making such deposits and
on which no interest is charged or received by
the banks making such deposits; and the
amount so returned shall be placed on the
county duplicate, and on the city duplicate
4 where city taxes are collected on a separate
duplicate, and taxed as other personal proper
ty in the same township, town, village oil
ward may be taxed by law. In making the
certificate aforesaid, any portion OF said CAPT
to, stock, surplus or contingent fund or undi
vided profits invested in real estate which is
subject to taxation under the laws OF this state
may be deducted, but the certificate shall
specify the amount so deducted.
| SEC 4 Earh nf INV fnw chi N nv "A
within The limits of which any such bank OF
banking company may be located, ia case any
president or cashier Of such bank or banking
company shall refuse or neglect to make out
and deliver to the assessor the statement here.
in required, after the provisions OF thus act shall
have been accepted by such bank as hereinaf-
ter provided, shall, as in other cases, ascertain
the amount OF such capital stock, surplus and
contingent fund aud undivided profits, and
shall return the same TO tho county auditor, OF
TO such other officer as the law regulating his
duties may require, and the amount thus ascer
tanned, with the addition of fifty per centum
thereof shall be entered upon the proper du>
plicate for taXatlon provided, that in cases
where city taxes are assessed and collected by
the city authorities, the taxes upon banks, as
provided for in this act, shall be assessed and
collected the same as city taxes upon other
property for the time being are assessed and
collected in such city.
SEC. 6. 1t shall be the duty OF every as
SCISSOR in whose Jurisdiction there shall be lo-
Gated any such bank oi banking company, TO
leave with some proper officer of such bank or
banking company, a notice to make out and
deliver within ten days the statement requir.
ed in the first section Of this act.
| SEC. Z. Each and every banking company
organized under the provisions OF the act enti
tied "an act to incorporate the State Bank Of
Ohio, aud other banking companies" passed
February "a, lsl5, accepting the provisions OF
the three preceding sections, shall make out
and transmit certificate thereof to the audi.
tor Of the county in which such bank or bank
ing company is located, aud shall also trans
init certified copy Of such acceptance to the
auditor OF state, who shall file the same in his
office.
SEC. s. This act shall not be construed to
repeal the slxtieth section of the act "to in
corporate the State Bank Of Ohio and other
banking companies" aforesaid, but TO suspend
the operation Of said section as to the several
companies accepting the provisions hereof du,
ring the time time they shall continue to be
taxed as provided in this act.
SEC. o Sections 60, 6l, s., 63, g.. 65, 66,
67, and 6S Of the act entitled an &C; for the as
sessment and taxation Of property in this state,
and for levying taxes thereon according to its
true value in money, passed April 5, 1853, are
hereby repealed.
SEC. 10. THIS act shall take effect on its
passage. ......
ED. A. PARRoTT, Speaker
| pro. TEN Of the House OF Representatives.
... ROBERT c. KIRK,
President OF the Senate.
Passed April 4. 1861.
mo. So. AN ACT
Supplementary to an act TO encourage teach
ers Substitutes, passed February 8, lS47, and