Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1836-03-05

The following IS a part Of the late
law oil this state, providing for an I'D.
ralo:4 as system of taxation.
AN ACT 70 provide for an equitable
mode Of levying .het axes Ofthis State.
SEC. I. BE i enacted by the Gen
eral Assembly of the State of Indian-|
a. That all lands and town lots, with
all buildings erected or made thereonl
or attached thereto, together with all
improvements, which are the proper
~ Of any individual or individuals,
body corporate,o r polite, and all per-
sonal property. shall be, and the same
are hereby declared to be subject to
taxation; with the exemptions here
matter specified; to be levied and
collected agreeably 10 law. The
terrs '.personal property" in this
section shall be construed to mean
and include household furniture, mon
ios on hand, also all monies loaned at
interest, goods, chattles, public stocks
and stocks in monied corporations.
They shall also be construed 70 in
clude such portion of capital Of in
corporatcd companies, liable to tax
stion by the laws Of this State. as
shall no, be vested in real estate.
SEC. 2. All lands belonging to the
United States or to this State, togeth-
sr with the Improvements thereon;
all lands sold by congress for the term
offive years from the day IT sale; all
lands with the improvements thereon
not exceeding ten acres, the title OF
which is vested in any trustee or
trustees, body corporate or polite,
for the use of, and in trust for any
religious society, and occupied by a
ny such society, for the use ola meet
ing house or burying ground set a.
part for school houses, seminarIes, or
colleges, not exceeding twenty acres.
with the buildings and improvement
thereon, occupied for such proposes;
all lands set apart for the use Of com
mon schools; all state and county IL
braries; and all libraries and philoso-
phical apparatus belonging to, or us
ed by, any incorporated college or ac-
ademy or society for the promotion
Of science: all lands owned by any
county or counties in this state, and
get apart for the use and support Of
the poor of such county or counties,
norexceeding two hundred acres; all
county grounds and county buildings
set apart for county purposes; all hos
pitfalls, aims houses, houses for the
correction or reformation of offenders
and the real and personal property
belonging there to-; and all stocks
owned by the state or by literary or
charitable institutions; and all the
personal property Of widow and or
phan children, If it does not exceed
two hundred dollars in value, the ne
cessary beds and bedding. not exceed
ing two to each family, and the wear
ing apparel for each family, shall be
exempt from taxation Provided, That
each and every individual subject to
taxation by this act, shall be exempt
from paying taxes on the hundred
dollars worth Of personal property
Provided, That stock held in any
turnpike or rail road company, shall
not be subjec; to taxation previous to
such company charging and receiving
tolls; and provided, that no corpora
ton nor stakeholder thereOfshall be IL
able to pay any tax for stocks. which
shall have been converted into prop
erty for which such corporation or
stakeholder is liable to pay taxes by
the provisions of this act; Provided,
always, that if any person who may
have served in the land or naval ser
vice in the Us during the revoiu-
tionary war, shall make and file with
the assessor, an affidavit sworn TO be-
fore such assessor, setting forth that
he has served as aforesaid. for three,
months or more. such person shall be
exempt from the payment of poll
tax, and tax Oh his personal proper
ty, and on his real property to the
amount Of one hundred and sixty a.
cres Of land.
SEC. &c. For the purpose of state
revenue for the year one thousand
eight and thirty-six.the boards
doing county business in the several
counties in this State shall. at their
May term. fin the per centum to be !
levied and collected on all real prop
erty and Improvements thereon; all
stock in Incorporated companies. ac-
tually paid in. to be assessed to such
companies. and all personal property |,
made liable to taxation by this act.