CHAPTER 71 AN ACT TO PROVIDE FOR THE LEVYING AND COLLECTION OF TAXES. Assessment and valuation of lands:
Section 9. The list shall state all the property of the person giving in, and also the age of the party, with reference to his liability to a poll-tax, and shall refer to the first day of June in that year. 1 The quantity of land owned in the township; the land shall be described by name, if it has one; otherwise in such way that it may be identified, and shall be valued as herein prescribed. 2 The number of horses, mules, jacks, jennies, goals, cattle, hogs and sheep, separately, with the value thereof, and they shall be returned at their TRUE value. 3 The TRUE value, without specifying the articles, of farming utensils, tools of mechanics, household and kitchen furniture, provisions, arms for muster, libraries and scientific instruments. 4, Money on hand, including all funds invested within thirty days before in United States bonds or other bonds or stocks, or any non-paying property whatever. 5 The amount of solvent credits, including accrued | interest uncollected, owing to the party, whether in or out of the State, whether owing by mortgage, bond, note, bill of exchange, certificate, check, open account, or due and payable, or whether owing by any state or government, county, city, town, or township, individual or company or corporation. Any certificate of deposit in any bank, whether in or out of the State, certificate of stock in any corporation or trust company, whether in or out of the State, and the value of cotton, tobacco or other property in the hands of commission merchants or agents, ini or out of the state, shall be deemed solvent credits within the meaning of this act. If any credit be regarded as not entirely solvent it shall be given in at its TRUE current or market value. Theparty may deduct from the amount of promissory notes and accounts owing to him the amount of such notes and accounts owing by him. 6 Stocks in national, state and private banks, and stocks in any incorporated company or joint stock association, railroad, telegraph or canal company, with their TRUE value; and every cashier or treasurer of any bank, corporation or association shall furnish a list of its stockholders and depositors resident in the several counties of this state, on the first day of June each year, to the county commissioners of the county in which such stockholders or depositors resides, and shall also state the TRUE value of such stock and the amount of deposits. 7 All other personal property whatever, including therein all cotton in seed or lint, tobacco, either in leaf or manufactured, turpentine, rosin, tar, brandy, whiskey, medical instruments, goods, wares and merchandise of all kinds, plated and silver ware, and the watches and jewelry possessed by the party, his wife or any minor child. 8 The income of the party for the twelve months next preceding the first day of June in the current year, with a statement of the source or sources from which it was derived. That the property mentioned in sub-division two, three and seven of this section shall be valued at its TRUE value, estimated at what it would bring at a voluntary sale. 9 If the party be a non-resident of the county, and owns land therein, it shall state his address, and may name any agent in the county to whom notices may be given respecting his taxes.