Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1916-03-31

WdA1 HhOHEh11 Is 1AAABLE
All personal property. of whatever
description, moneys, credits, invest
ments in bonds, stocks or otherwise,
shall be listed for taxation at the
true value thereof in money.
DEFINITIONS
Personal PrOperty-"Persona Pro-
perty' may be defined as that which
has a value in itself and includes
every form of chattle property.
MOneys-The term moneys" mean
money in possession or on deposit,
subject to withdrawal on demand, and
IS taxable for the full amount there
of without deduction for debts.
Credits-The term "credits" means
the excess of all legal claims and de-
mands over and above the sum of
legal bona fide debts, and includes
notes. mortgages, accounts, shares of
stock in building and loan companies
and any other claim for money or
other valuable thing. Debts may be
deducted from credits but not from
any other class of property.
Investments in BOnds-The term
investment in bonds" means money
invested in bonds, certificates of in
1ebtedness or other evidences of in
debtedness issued by any state, coun-
| ", city, village, hamlet. township,
school district or other political divis-
on, or by any Incorporated unin-
corporated company. {" Exemptions"
iect to taxation.
investments in StOcks-The term
investment in stocks" means money
invested in the capital or stock of
an association, corporation, Joint
stock company or other company
(See Exemptions" for certain stocks
which are not subject to taxation.
EXEMPTIONS
The following personal property and
investments in stocks and bonds are
exempt from taxation in Ohio:
Exemption of $100-Each individual
emitted to an exemption of $10(
in personal property. Executors anC
administrators of estates, incorporat
ed or unincorporated companies, firm:
and partnerships, are not entitled tx
this exemption. Trustees, guardians
| agents etc., who act as the legal re
presentatives of others, and persons
owning property in common are en-
titled to the exemption. Only on,
exemption may be allowed in tn,
same family unless different member
thereof own and list separate proper
ty.
Ohio StOcks-Shares of stock O
, Ohio corporations are exempt from
tavation.
/ Foreign StOcks-Shares of stock o
, foreign corporations, all of who's
property is taxed in Ohio, and share
} If stock of foreign corporations, two
thirds of whose property is taxed il
|, Ohio and the remainder in som
. other state or states, if such coroor
ations pay state franchise tax O
| 9-20 of one per cent. on their entir
authorized capital stock, are exemp
, from taxation.
, Ohio Notwithstanding bonds o
the State of Ohio or of any city. vii
! lage, hamlet, county, township o
school district of the state, issue
! prior to January /, 1918, and out
standing on that date. are exemp
from taxation. All such bonds issue
|
U. s. BOnds-United States bond
{ are exempt from taxation.
t Property Converted Into U. S. Bond
: Taxable property cannot be convert
I'D into United States bonds an
thereby escape taxation. If money.
'redits or other effects have been ir
' vested in bonds of the United State
| within the year, the amount so ir
g vested should nevertheless be return
e I'D for the proportionate time tn
1 same was held before such invest
, ment; to illustrate: If $10,0G6 -
e turned for taxation in 1915 was hel
t 8 months and then invested in Unite
: States bonds, the return for 191
should be for one-half of the amour
n or for $4,000.
I LISTING PROPERTY
= Listing Day-All property excel
u - that of banks and public utilities
d to be listed as of the day precedir
l. the second Monday of April.
Listing by Administrator, Guardis
Etc.-Property in possession or COZ
! troll of a person, as parent, guardis
y trustee, executor, administrator, r
ceiver, accounting officer, factor
: agent, must be listed separately
20 the name of such parent. guardia
etc, in each instance giving the nan
of the estate for whom he is actir
Property of Wife-The property
wife is separate and apart fro
that of her husband and should
go listed.
Oath-Each person listing proper
is required to take and subscribe /:
oath that the statement which