Litchfield enquirer., 1851-08-28
WHOLE No. l2e7. No l6.

"AS' sloreS, otStlllerleS, ana buildings used for manufacturing purposes, shalt be valued and assessed at their present true and just value. and shall be set in the list at three per cent. of such valua- ton.
 Fisheries, whether any appendage of any farm, or lot, block or wharf, made for the purpose of fishing, shall be valu- ed and assessed separately, at their pro. sent. just and true value. and shall be set in tho list at three per cent of such val. uhtion.
 Quarries and mines and ore beds. whe. thcr owned in fee, or on lease from the owner. shall be valued and assessed SC. parately, and at their present, just and true value, and be set in the list at three per cent. of such valuation and if own. cd by any joint stock or incorporated company, the whole stock property and franchise shall be valued and set in the list of tho town where such quarry, mine or orc bed is situated.
 All real estate shall be set in the list of the town where situated.
 Sec. 8. Personal property. in this Ststc, or elsewhere. not expressly ex. empted by this act. shall be deemed. for the purposes uf taxation, to include all moneys, credits. choses in action, bonds, notes, stocks, (except U. 5. stocks. .)yoods, chatels, or effects. or any interest therein !; all ships and vessels. propelled by steam. or wind, whether at home or abroad, or whether registered, enrolled, or licensed in this State or elsewhere. or any interest either legal or equitable therein; and such personal property, or interest there. in, being the property os any person re. sident ia this State, shall be valued and assessed at its just and true value, at the time ot such assessment, and set in the list at the rate of three per cent. in the list of the town where the owner resides. except when otherwise provided. Pro. 0ided, that this section shall not be deem. ed to embrace money or property actu> ally invested in the business of naerchan. dSnS or manufacturing. when located out of this State.
 The.present. true and just value of any estate, either real or personal, liable 10 be assessed by virtue of the provisions of this act, shall be deemed and taken bv tue assessors and board of relief of the several towns. to be the fair market val ue thereof, being the price which could bc obtained therefor at private sale. and not its value at forced or auction sale. See. 9. The shares, owned by any person residentin this State. of the ca.l 9lLssl Etock of my bank, or of any insur. ance, turnpike. bridge or plank road company, shall be assessed and SC. in the list of such owner, in tho town in which he may reside. a
 Sec. 10. The whole propertv bo,b real and personal, of any corporation in this State, whether organized under A special charter or under the provisions of the general act concerning communities and corporations. except banks. savings banks. savings societies, insurance. rail. road, turnpike, bridge and plank road companies, and 0ther corporations or communities whose property is express. IS exempted from taxation by the term., of their charters or by the provisions of this act. shall be assessed and set in the list in the uamo of such corporation, in the same n11nner and to the same extent as if such property was owned by an in. dividual resident in this State. The real estate of any such corporation shall be assessed and set in the list of the town in which the same is situated. The persona al estate of such corporation shali be as. sessed and set in the list of the town in which such corporation has it, principal place of business or exercises it's corpor- ate powers. And whenever any such corporation shall have two or more ss- tabllshments for transacting it's business situated in different towns. such corpor. Ation shall be liable to be assessed and taxed for every such establishment and for the personal property attached there. to or connected therewith, in the town
 in which such establishment may be sit~ uated. And the individual stockholders ot any such corporation, the whole pros
 perty of which is assessed and taxed in
 the name of such corporation, according to the provisions of this section. shall be exemPted from assessment or taxation for the shares of the capital stock of such corporation owned by them respectively.
 Sec. II. No manufacturer. manufac- turing company or corporation shall be assessed or taxed for materials procured for the purpose of manufacturing or for manufactured goods on hand. beyond the amount of the capital actually invested and any surplus earnings: aud no such corporation or company shall be assessed n. less sum than the present, true and just value of the real estate and mschi. nery attached or belonging thereto. un. less reduced by indebtedness existing that may be deducted. as in other cases here~ in nfter specified.
 Sec. l2. The interest Of any trading or mercantile business shall bs valued and ass essed in the town. city or boronnh where the business is carried on. whslkst .L~ ....n. ap nswnarm waaes1. .A.A sAN '.