Year: 1870

General Assembly of the State of Ohio,
That every person, the cashier of
every national bank, the principal
accounting officer or agent of any
railroad company, or other incor-
porated company or association of
individuals, doing business in this
state, shall, on the first day ofJune,
1869, and annually thereafter, at
such time as now is or may be pre-
scrbed by law for the assessment of
personal property, make and deliv-
er, to the assessor of each ward and
township in this state, true state
ment in writing,si blythe party,
supported by oath or affirmation, to
be examined by the assessor as in
other cases, Of all investments in
bonds, treasury notes and fractional
currency of the United States, own.
ed by any person, national bank +,
railroad company or other incorpor-
atcd company or association doing
business in this state, or held in
trust by any person for the benefit
of any other person or corporation /;
and all such bonds, treasury notes
and fractional currency, shall be re-
turned by the assessor in special
lists, on or before the twentieth day
of June, 1869, to the auditors of the
several counties, and thereafter, an
nually, in the same lists with other
taxable property, to the auditors of
the several counties in this state,
who shall cause the same to be
placed on the duplicate for taxation,
and all such Investments in bonds,
treasury notes and fractional cur.
rency, shall be taxed the same as
other property is or may be taxed
by the laws Of this state; provided,
that where the person, company,
corporation or association owning
such bonds, treasury notes or frac-
tionaI currency, or holding them in
trust for any other person or per.
sons, company, corporation or asso-
citation, shall neglect or refuse to
make the returns required by this
act, such assessors shall make such
investigation in relation thereto as
may be necessary 10 enable him to
return the amount Of the same and
the auditor shall place the same,
with fifty per centum added thereto
on the duplicate for taxation, and
the expenses of the assessor in ma.
king such Investigation, shall be
placed upon the duplicate and COL


ected in the same manner as taxes
are collected. Immediately after
such return is made by the assessor,
the auditor shall notify the party or
parties interested, of the amount so
returned and the expenses Of such
investigation.


Sec. 2. The taxes assessed on
such bonds, treasury notes and
fractional currency, shall be paid to
the treasurer of the county in which
said taxes are assessed, at the time
or times fixed by law for the pay
ment of taxes, by the owner Of such
bonds, treasury notes and fractional
currency, or by the persons, COM
pany, corporation or association
holding the same in trust, and if
not so paid shall be collected by such
treasurer in the same manner as is
provided by law for the collection
of taxes on other personal property.
In case any treasurer shall be re.
strained from the collection of such
taxes by injunction or otherwise,
the auditor Of the county shall, from
year to year thereafter, place the
unpaid taxes upon the duplicate,
with the interest and penalties now
provided by law in relation to un-
paid taxes on real estate for each
and every year the same shall re-
main unpaid.


Sec, 8, That If the county audi
tor shall, by injunction or other
order of a court of competent juris-
diction, be restrained from placing
upon the duplicate of such county
the taxes assessed upon such bonds,
treasury notes and fractional cur
rency, or either, such auditor shall
open an account, on a book to be
provided for that purpose, in his
Office, against the owner of such
bond, treasury notes and fractional
currency, or either, or against the
person, company, corporation or
association holding the same in
trust, in which he shall, annually,
until such restriction be removed,
make memoranda Of the amount
of bonds, treasury notes and frac-
tional currency, or either, so return
cd by such assessor, together with
the amount of taxes that should
otherwise have been entered on the
duplicate, with the interest and pen
alties provided against lands re.
turned delinquent; and whenever
restrictions shall be removed, said
auditor shall place on the duplicate
of such county, the amount of such
bonds, treasury notes and fractional
currency, or either, so returned by
the assessor each year during the
time such restriction continued, in
tho name of the owner thereof, or
the person holding the same in trust,
with the amount Of taxes that should
have been assessed against the same
each year, with the interest and
penalty as aforesaid and the same