The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-03-14

4 4 r. 3.
| is required to list as to money and cred
Its; such statement shall set forth the
total amount of moneys and credits, as
defined in the second section Of this
act, after deducting therefrom the
amount of debts which the person max
ling such statement is entitled to deduct
agreeably to the provisions Of this act.
SEc. 10. No person shall be requir-
ed to include in his statement, as part
OF the personal property which he is
required to list, any share or portion OF
the capital stock or property in any
company or corporation, which compa-
ny or corporations by lawexemptfrom
taxation, oris required to list its capital
and property for taxation in this state,
nor any share or portion OF the capital
stock or property of any company or
corporation which is orshall be requir-
ed by any law Of this state ,tosp pay a
tax on It's income, profits, or dividends;
each and every incorporated railroad
company, canal, or slackwater naviga-
ton company, and bridge'companysin
this state, andevery turnpike company,
when the net profits of such turnpike
company, and the salaries and compen-
sations Of its officers and agents shall
!. be not less lhansthree per centums per
annum on the amount fsuch capital
stock paid in by individual stockliold:
ers, shall list for taxation, by their pres
4 ident, secretary, or other proper ac-
counting officer, the full amount Of the
capital stock of said company paid in
]bv individual stockholders, at the true
value Of said stock in money; and said
stock so listed shall be subject to taxa
ton as provided, by this act.
SEC. IL No person shall be requir-
ed TO list CT insert in his statement, any
property, nor the value of any person
al property, which, by the third section
of this act, is specifically exempt from
taxation. -
If there be no real property, or if
there be no personal property, or if
there be no moneys orscredits which
the person with whom,the assessor shall
have left notice to make%out state
ment of property for taxation, is by
this act required TO list on his own ac-
. count, or OH account OF others, he shall
set forth such fact as the case may re-
quire, on the blank statement left with
him by the assessor. :" ~
RULES FcR VALUlNG PROPERTY.
SEC. 70. Each separate parcel Of
real property shall be valued at its true
value in money, excluding the value oi
crops growing thereon, but the price
for which such real property would sell
at auction, or at forced sale, SHAH not
be taken as the criterion of such true
value.
Each parcel of real property belong,
ing to any religious, literary, scientific
or benevolent society, or institution,
whether incorporated or unincorporat.
ed, and school and ministerial lands,
and held under lease, shall be valued at
such price as the assessor believes
could be obtained at private sale for
such leasehold estate, upon the terms
of sale above specified.
Personal property of every descrip-
ton shall be valued at the usual selling
price of similar property at the time
Of listing, and at the place where the
same may then be; and If there be no
usual selling price known to the per-
son whose duty it shall be 10 fix val,
ue thereon, then at such price as it is
believed could be obtained therefor, in
money, at such time and place.
! Money, whether in possession or on
deposit, shall be entered in the state
ment at the full amount thereof: Pro-
vided, that deprecated bank notes shall
be entered at their current value.
Every credit for certain sum, pay
able either in money, property Of any
kind, labor or services, shall be valued
at the full amount Of the sum so payable; F.;
if fora specific article, or for specified
number, or quantity Of any article or
articles Of property, or for certain a.
mount of labor or services of any kind,
it shall be valued at the current price of
such property, or Of such labor orservi-
ces, at the place where payable.
hnuuities shall be valued at the price
which the person listing the same be-
lieves them to be worth in money.
All manufactured articles, remaining
unsnd in the hands of any mechanic
by whom they shall have been made,
shall be valued at so much as the ma
terials entering into their composition
shall have cost such mechanlc; and
sheep shall be valued without refer.
ence to the value of the unshorn fleece.
But no person shall be required 10
list greater portion ofany credit than
he believes willlbe. receiveds or canbe
collected with OF without resort 70 le-