Year: 1861

0 ameQu an aCC entitled AN act 1Or


the assessment and taxation and assess


ment of property in this state, and


for levying taxes thereon according


to its true value in money!" passed


April 5, 1859.


SECTION l. Be 1t enacted by the Gene
raj Assembly Of the State Of Ohio, That
every bank shall annually, between the
first and second Monday of May, make
out, and, on demand Of the assessor, de-
liver to him correct statement, at
tested by the oaths of the president 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,


First-the amount of capital, whether
divided into shares or not, actually paid
in or secured to be paid by note or 9TH
erwise, OF in any manner procured or
furnished, to be employed in it's bank
ing business.


Second-The amount of undivided
profits arising from such business, be-
longing to the bank, whether in its pos
session or subject to its control, or
loaned, or otherwise invested for its
benefit.


Third-The amount loaned to Or de-
posted with such bank, for term GER
tain, or which, by agreement or under
standing 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be Withdrawn on demand, excepting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 ma king such deposits, and on
which no interest is charged or received
by the banks making such deposits;
which several amounts shall truly rep
resent the condition Of the means, prop
erty and assets of the bank described in
this section as they shall have existed
on the day next proceeding the second
Monday in April, and shall be added
together, and the gross sum so produced
shall be deemed the amount of property
employed in banking for the then cur
rent year by such bank.


Sec. 2. The assessor shall return to
the county auditor the statement de-
scribed in the foregoing section, made
by any bank in his township or ward,
and the amount so returned 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 township, town, village or ward,
may be taxed by law.


SEC. 3. Every corporation, company,
individual, person or association Of per-
sons, whether authorized by law to is
use notes for circulation or not, that
shall keep an Office, eountinghouse, or
other place for the transaction of bust
ness in this state, and shall discount,
buy, sell, exchange, or otherwise deal in
or receive in deposit money, bills of ex-
change, notes, bonds, stocks, certificates
or public debt, or other evidence of
debts, claims or demands, with a 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 orgonized under the act enti-
tied san act to incorporate the State
Bank of Ohio, and other banking com.
panes," passed February 24, 1945, on
or before the second Monday of May in
each year, to make out under oath, and
return to the proper assessor of the
township, town or ward where such
company is located, a certificate con-
tanning a statement Of the amount of
the capital stock of such company paid
in and remaining as capital stock undi-
minished by losses or otherwise, to-
gether with the amount of surplus and
contingent fund and undivided profits
accured prior to the first Monday in
May, and also the amount loaned to or
deposited with such bank for a term GER
tain. or which by agreement or iunder
standing between the parties, is not to
be withdrawn on demand, excepting
amounts which may have been deposited
with any bank established as 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 where city taxes are col
lected on separate duplicate, and
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 this state, may be de-
Quoted, but the certificate shall specify
the amount so deducted.


SEC. 8 Each assessor Of any town
ship 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 or banking COM
pany shall refuse or neglect to make out
and deliver to the assessor the statement
herein required, after the provisions of
this act shall have been accepted by
such bank as hereinafter provided, shall,
as in other cases, ascertain the amount
of such capital stock, surplus and con-
tingent fund and undivided profits, and
shall return the same to the county au-
ditor, or to such other officer as the law
regulating his duties may require, and
the amount thus ascertained with the
addition of fifty per centum thereof,
shall be entered upon the proper dupli-
cate for taxation; provided, that in case
where city taxes are assessed and col
lected 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 collec-
ted in such city.


SEC. 6. 1t shall be the duty of every