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Bankers, bro kers, &c. aftor 1st of June.

bear the same proportion to the levy for all purposes, on the average value so employed, as the time from the day on which he shall commence merchandizing, as aforesaid, to the first of May next succeeding, shall bear to one year; Provided, that if the person so listing his merchant's capital, shall present a bona fide receipt from the treasurer of any county, in which such merchant's capital had been previously listed and taxed, for the amount of the taxes assessed and by him paid on the same capital for the same year, then and in that case, it shall be a receipt from paying taxes again on such capital.

Sec. 17. That when any person shall commence or engage in the business of dealing in stocks of any description, or in buying or shaving any kind of bills of exchange, checks, drafts, bank notes, promissory notes, or other kind of writing obligatory, as mentioned in the fifteenth section of this act, after the first day of June in any year, the average value of whose personal property employed in such business shall not have been previously entered on the assessor's list for taxation, in said county, such person shall report to the auditor of the county the probable average value of the personal property by him intended to be employed in such business until the first day of May thereafter, and shall pay in to the treasury of such county, a sum which shall bear the same proportion to the levy for all purposes, on the average value so employed, as the time from the day on which he shall commence or engage in such business as aforesaid, to the first day of May next succeeding, shall bear to one year.

Sec. 18. That if any person shall commence or engage in the business of merchandizing, banking, brokerage, or stockjobbing, aforesaid, as aforesaid, and shall not, within one month thereafter, report to the county auditor, and make payment to the county treasurer, as before required, he shall forfeit and pay the sum of two per cent. on the value of personal property by him so employed, to be ascertained as near as may be, by the testimony of witnesses, and recovered before any justice of the peace or court having jurisdiction thereof, by an action of debt, in the name of the county treasurer, for the use of the county.

Forfeiture for neglect to re. port.

OF LISTING AND VALUING THE PROPERTY OF

BANKS AND BANKING COMPANIES, AND OTHER
CORPORATIONS.

Officers of banks
shall make re-
tu
auditor.

Sec. 19. It shall be the duty of the president and cashier of to county every bank or banking company that shall have been or may

hereafter be incorporated by the laws of this State, and having the right to issue bills for circulation as money, to make out and return under oath, to the auditor of the county in

discounted.

mato,

which such bank or banking company may be situated, in the month of May, annually, a written statement containing,

1st. The average amount of notes and bills discounted, or Notes and bills purchased by such bank or banking company, which amount shall include all the loans or discounts of such bank or banking company, whether originally made or renewed during the year aforesaid, or at any time previous; whether made on bills of exchange, notes, bonds, mortgages, or any other evidence of indebtedness, (at their actual value in money,) whether due previous to, during, or after the period aforesaid; and on which such bank or banking company has at any time reserved or received, or is entitled to receive, any profit, or other consideration whatever, either in the shape of interest, discount, exchange, or otherwise.

2d. The average amount of all other moneys, effects, or Loans, fe. dues of every description belonging to such bank or banking company, loaned, invested or otherwise used or employed with a view to profit, or upon which such bank or banking company receives, or is entitled to receive interest.

SEC. 20. To ascertain the amount of the notes and bills Rule of estidiscounted and purchased, and all other moneys, effects or dues of every description belonging to such bank or banking company, loaned, invested, or otherwise used or employed, with a view to profit, or upon which such bank or banking company receives, or is entitled to receive interest, to be returned as aforesaid, there shall be taken as a criterion, the average amount of the aforesaid items for each month during the year next previous to the time of making such statement, if so long such bank or banking company shall have been engaged in business, and if not, then during such time as such bank of banking company shall have been engaged in

usiness; and the average shall be made by adding together the amount so found belonging to such bank or banking company in each month so engaged in business, and dividing the same by the number of months so added together. Sec. 21. The president, secretary, or principal accounting

Canal, railroad, officer of every canal or slackwater navigation company, rail- insurance and road company, turnpike or plank road company, bridge com- nies. pany, insurance company, telegraph company, or other joint stock company, except banking or other corporations whose taxation is specifically provided for in this act, for whatever purpose they may have been created, whether incorporated by any law of this State or not, shall list for taxation, at its actual value, its real and personal property, moneys and credits, within this State, in manner following: In all cases return shall be made to the several auditors of the respective counties where such property may be situated, together with a statement of the amount of said property, which is situated in each township, town, city, or ward therein. The value of all

gs, or in

moveable property shall be added to the stationary and fixed property and real estate, and apportioned to such wards, towns, cities, and townships, pro rata, in proportion to the value of the real estate and fixed property in said ward, town, city or township. And all property so listed shall be subject to, and pay the same taxes as other property listed in such ward, town, city or township. It shall be the duty of the accounting officer aforesaid, to make return to the auditor of state, during the month of May, of each year, of the aggregate amount of all property, real and personal, by him returned, as required by the provisions of this act, to the several auditors of the respective counties in which the same may be located. 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 corporation or association has not been listed at its full value, or that it has not been listed in the location where it properly bel

ses where no return has been made to the county auditor, he is hereby required to proceed to have the same valued and assessed in the same manner as is prescribed in the several sections of this act, regulating the duties of county auditors; 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 of Ohio; Provided, that every agency of an insurance company incorporated by the authority of any other state or government, shall return to the auditor of the county in which the office or agency of such company may be kept, in the month of May, annually, the amount of the gross receipts of such agency, which shall be entered upon the tax list of the proper county, and subject to the same rate of taxation for all purposes, that other personal property is subject to at the place where located.

Sec. 22. The Ohio life insurance and trust company, by its president or cashier, shall, in the month of May, annually, return under oath, to the county auditors of the several counties of the state, a statement of its moneys loaned, and dues of every description in such counties respective. ly, which amounts shall be entered upon the tax list of the proper counties, and taxed the average rate per cent. of the taxes, for all taxes levied upon the real and personal property of such counties; and the president or cashier of said company shall, in the month of May, annually, return to the auditor of the county in which the principal office of said company is kept, a statement of the amount and value of the notes and bills discounted or purchased, and all other moneys, effects or dues of every description belonging to its banking department, and loaned, invested, or otherwise used or employ. ed with a view to profit, or upon which said company receives, or is entitled to receive interest, and whicho amount shall not include its moneys loaned in the several counties of the state, returned and taxed as aforesaid; which amounts shall

Ohio Life Insu. rance and Trust Company.

be ascertained in the manner prescribed by the nineteenth
and twentieth sections of this act, and shall be entered on the
tax list and taxed in the same manner as is provided by this
act, for the taxation of other banking companies.
POWERS AND DUTIES OF TOWNSHIP ASSESSORS.

Sec. 23. In each township, town and ward, in this state, One Assesssor forming an election district, there shall be elected on the first each township, Monday of April, annually, by the qualified electors of such ward, fc. township, town or ward, forming an election district, one assessor for such township, town or ward, or part of a township, not included in any other election district.

Sec. 24. Each township assessor shall give bond, and take the prescribed oath of office, on or before the first Monday after his election, and the township clerk shall notify the county auditor thereof, and if the county auditor shall receive no notice of the qualification of the assessor, in any township, ward or city in his county, on or before the third Monday of April in each year, after such election, he shall consider such office vacant; or if there shall be, at any time, or from any cause, a vacancy in the office of assessor, or if the assessor of any township or ward, shall not have proceeded to the discharge of the duties of his office before the third Monday of April in each year, the county auditor shall forthwith appoint one or more suitable persons, residents of the county, to discharge the duties of assessor in such township or ward, as required in the fourteenth section of the act to create the office of township assessor.

Sec. 25. The assessment of all personal property, moneys when assessand credits, investments in bonds, stocks, joini stock companies, ment shall be or otherwise, and the valuation of all lands and lots, and new structures which have not previously been valued and placed on the duplicate, shall be made between the second Monday of April and the second Monday of May, annually; and the assessor of each township, shall, on or before the first day of May, annually, leave with each person resident, in his township, of full age, not a married woman, or insane person, or at the office, usual place of residence or business of such person, a written or printed rotice, requiring such person to make out for such assessor, a statement of the property which by this act he is required to list, accompanied with printed forms, in blank, of the statements required of such persons; and the assessor shall, at the time he delivers such notice, and blank forms, receive from such person, the statement of his or her personal property, moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise, verified by his oath, unless such person shall require further time to make out such statement, in which case he shall call for such statement before the second Monday of May.

Procedure in case of refusa! to give state ment, &c.

In case of sick. ness or absence.

Sec. 26. In every case where any person shall refuse to make out and deliver to the township'assessor, a statement of personal property, moneys, and credits, investments in bonds, stocks, joint stock companies, or otherwise, as provided by this act, or shall refuse to take and subscribe an oath or affirmation as to the truth of such statement, or any part thereof, which he is by this act required to verify by his oath or affirmation, or in case of the sickness or absence of such person, the assessor shall, in every such case, proceed to ascertain thenumber of each description of the several articlesof personal property, enume. rated in the seventh section of this act, and the value thereof, the value of personal property subject to taxation, other than enumerated articles, and the value of the moneys and credits, investments in bonds, stocks and joint stock companies, or otherwise, of which a statement shall not have been made to said assessor, as aforesaid, as the case may require; and to enable him so to do, he is hereby authorized to examine on oath, or affirmation, any person or persons whom he may suppose to have a knowledge of the articles or value of the personal property, moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise, which the person so refusing, or absent, or sick, was required to list.

Sec. 27. In all cases in which the township assessors are required, in consequence of the sickness or absence of the person whose duty it is to make out a statement of personal property, moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise, or in consequence of his neglect or refusal to make out or to be sworn to such statement, to ascertain the several items and value of such personal property, moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise, if the assessor shall be unable to obtain positive evidence of the items and value of such property, moneys and credits, he shall return such articles and value as, from general reputation and his own knowledge of facts and circumstances he believes to be a correct list of the articles and value of such property, moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise, that such person would be by this act required to list.

Sec. 28. Each township assessor shall, on or before the

second Monday of May, annually, make out and deliver to county auditor,

the auditor of his county, in tabular form and alphabetical order, a list or lists of the names of the several persons, companies, or corporations, in whose names any personal property, moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise, shall have been listed in his township; and he shall enter separately in appropriate columns, opposite each name, the aggregate value of the several species of personal property enumerated in the seventh section of this act, as attested by the person required to list the same, or as determined by the assessor, making separate lists of persons residing

Time and mode of return to

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