Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1902-02-18
The Nom Irritating
Cathartic CO..
Easy to take, easy to operate
Hoods Pills
MUST.


t'S5Bd lSIU uIoIJ p5nu1uoD
of every canal or slack water naviga-
ton company, turnpike company,
plank road company, bridge company,
insurance company, telegraph COM
pany, or other joint stock company,
excepting banking or other corpora
tions whose taxation Is specifically
provided for, for whatever purpose
they may have ben created, whether
Incorporated by any laws of this state
or not. shall list for taxation, verified
by the oath of the person so listing,
all the personal property, which shall
be held to include all such real estate
as Is necessary to the daily operation
of the company, moneys and credits
of such company or corporation with
in the State, at the actual value III
money. In manner following. In all
cases return shall be made to the sew
eral Auditors of the respective coun-
ties where such property may be sit
uated, together with a statement or
the amount of said property which Is
situated in each township, village,
city or ward therein. The value of all
movable property shah be added to
the stationary and fixed property and
real estate, and apportioned to such
wards, city, villages Or townships, pro
rata, in proportion to the value OF
the real estate and fixed property In
said ward, city, village or township,
and all property so listed shall be sub
iect to and pay the same taxes as 9th
er property listed In such wards city,
village or township 1t shall be the
duty of the accounting officer afore-
said 10 make return to the Auditor OF
State during the month of May OF
each year Of the aggregate amount
of all property by him returned to the
several Auditors of the respective
counties in which the same may be
located. 1t shall be the duty of the
Auditor OF each county, on Or before
the first Monday of May, annually, to
furnish the aforesaid president, secre-
tary, principal accounting officer, or
agent the necessary blanks for the
purpose Of making aforesaid returns,
but no neglect or failure on the part
OF the County Auiltorto furnish such
blanks shall excuse any president, sec
retary, principal accounting officer, or
agent, from making the returns within
the time specified herein. If the
County Auditor to whom returns are
made, Is of the opinion that false or
Incorrect valuations have been made,
or that the property of the corpora
tion or association has not been listed
at It's full value, or that it has not
been listed in the location where 1t
properly belongs, or in cases where no
return has been made to the County
Auditor. he is hereby required to pro-
coed to have the same valued and as
sessed; provided, that nothing in this
section shall be so construed as to
tax any stock or interest In any joint
stock company held by the state"
section 2146. Personal property
of every description, moneys, and cred.
its, Investments In bonds, stocks, joint
stock companies, or otherwise shall
be listed in the name of the person
who was the owner thereof on the
day preceding the second Monday OF
April, in each year; but no person shall
be required to list for taxation any
share or shares of the capital stock
of any company, the capital stock of
which is taxed in the name of such
company"
lnasmuch as the capital stock Of
neither OF the companies in question
has ever been taxed in this state in
the name of the company, the claimed
exemption Of the Investments In their
stocks, Is not within the express terms
OF section 2I16. The argument in SUP
port of that claim when brought to
It's final analysis, Is that, because all
domestic corporations are required
10y section 2Tii to list for taxation all
thcir personal property within the
state. the provisions of section 27l6
Tor the exemption of investments I'm
their stocks, becomes applicable and
operative, though In fact no return
Is made Of, nor tax imposed ON the
property of the corporation. In other