Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-06-16

listed IN the township where the same is
situate, by the agent Of the owner, or other
pers1n having possession or charge there
OF; unless the owner shall list, or cause the
same TO be otherwise listed in the township
where such property may be.
Sec. 6 Property held under lease, for
an unexpired term exceeding fourteen
years belonging TO the State, or 10 any re-,
ligious, literary, scientific, or benevolent
society or institution, whether Incorporated
or unincorporated, and school and minis
teriul lands, shall be considered, for all
purposes of taxation, as the property ofthe
person SO holding the same, apd shall be
listed as such by such person or his agent,
as in other cases; but nothing in this ac,
shall be SO construed as to subject any land
held under lease from any university,
college, or other literary institution, or any
other school land or lands granted by Con
gress for religious purposes, held under u
lease, during the continuance of such q
lease, 10 the payment of any tax from
which such leasehold estate is exempt by
the law authorizing thelease.
Sec. 7. Each person required by this
act to list property, shall make out and de-
liver to the assessor when required, or
within len days thereafter, statement OF
statements of all personal property, mon.
eys and credits, which by the provisions ol
his act he is required TO list for taxation,
either as owner or holder thereof, or US
guardian, parent, husband, trustee, execu-
tor administrator, receiver, accounting off.
Ger, partner agent, or factor. which shall
be verified by the oath or affirmation the
person making the same.
Sec. 8. Such statement shall truly and
distinctly set forth: First-The number
of horses over two years old, and the value
thereof. Second-The number Of neat
cattle over two years old and the value
thereof Third-The number Of mules
and asses over one year and half old, and
the value thereof. Fourth-The number oi
sheep over six months old, and the value
thereof Fifh-,he number of hogs over
six month old and the vtlue thereof;
and the first day of June, of the year when
the statement is made, shall be taken as
the time. .towhich the dges Of all animals sub
ject to taxation shall refer. Sixth-Every
pleasure carriage, of whatsoever kind, ano
the value thereof, Seventh-Every gold OF
silver watch and the value thhreof Eighth
Every piano forte, and the value thereof.
Provided, that if such person shall exhibit
to the assessor the animals or other articles
Of personal property above enumerated, the
value Of such property so exhibited may be
omitted in such statement, and the assessor
shall in such case, determine their value
without requiring the oath of the person
making such statement, as 10 the value
thereof; and such person shall, in thai
case be required only 10 make oath or nf
firmation to the value of the remainder o
the personal property, which he is required
to list. Ninth-The value of the goods
and merchandise which such person is re-
quired 10 list as merchant. Tenlh-ihe
value Of the materials and manufactured
articles which such person is required to
lis. us manufacturer. Eleventh-The
value of moneys AMI credits required 10 be
listed, including all book ac;outs when the
aggregate Of such book accounts exceeds
two hundred dol lars; and, Twellh-The
total value Of all other articles of personal
property which such person is by this aci
required to list.
Sec. 9. No person shall be required to
list or insert in his statements t,any property,
or the value of any personal, property.
which by the third section of this act is
specifically exempt from taxation. II
there be no personal property, or moneys,
or credits, which the person 10 whom the
assessor shall deliver notice to make out q
statement of property for taxation, is by
this act required to list on his own account
or on account Of others, he shall set forth
such fact as the case may require, on the
blank statement, and shall attest the same
by his oath or affirmation.
RULES FOR vALUING PROPERTY.
Sec. 10. Each separate tract or lot Of
real property shall be valued nj lis true
value in money, excluding the value OF
crops growing thereon, but the price for
which such real property would sell at ouc.
ton, or at forced sale, shall not be taken
as the criterion of such true value. Each
tract and lot Of real property belonging to
the State, or TO any religious, literary.
scientific or benevolent society, or institu.
ton, whether incorporated or unincorporat.
ed, and school and ministerial lands, held
under lease, shall be valued at such price
as the assessor believes could be obtained
at private sale for such leasehol1 estate,
upon the terms Of sale above specified. =
Personal property Of every description
shall be valued at the usual selling price Of
similar property at The time oil listing and
at the place where the same may then be,
and (,here be no usual selling price known
TO the person, whose duty it shall be to fix
value thereon, then ut 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 statement Mt the full
amount thereof; Provided that deprecated
bank notes shall be entered ut their current
value. Every credit for SUM certain
payable either in money, property OF any
kind, labor or services, shall be assessed
at the full value Of the sum SO payable; ii
| for specific article, or for specified
number. or quantity of any article or
articles of property, or for certain