Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1852-04-30

articles, which such person is required 70 liss
as a manufacturer.
The value Of moneys and credits, required 70
be listed, including al book accounts.
The value Of moneys invested 10 bonds
stocks, joint sock companies. or Otherwise,
which such person is, BY this act, required 10
list.
Tho total value Of ell other articles Of person.
al property. which such person is, BY this Aeg.
required TO list.
Sec. Q. lfIhere be no articles ofpersonal prop.
etiy, moneys or credits investments in bonds,
stocks, joint stock eompenes, or olheFwise,
which such person would be. by this aci,requirsd
10 list, on his own account, OF on account OF 9th.
ers, he may sel forth such fact 10 the assessor.
who shall require The oath OF affirmation OF
such person 10 the truth Of the same.
Rules for valIing properly. -
Sec. 9. Each separate parcel Of real proper.
". shall be valued at its true value 10 money, ),
excluding the value Of the crops growing there.
on, but the price for which such real properly
would sell at auction, OF al forced sale, shall
not be taken as the criterion Of such true value.
Each tract OF lot Of real properly belonging 10
this state, or 10 any county, city, or charitable
institution, whether Incorporated or unincoFpo.
rated, and school or ministerial lands, held Un.
der lease lOr term exceeding fourteen years,
shall be valued at such price aS the assessor
believes could be obtained at private sale for
such leasehold estate. Personal property. Of
every description, shall be valued at the usual
selling price Of similar properly Of the time Of
listing, and at the place where the same may
then be; and i! there be no usual selling price
known to the person whose duty il shall be TO
fix value thereon, then at such price as il 10
believed could be obta1ed therefor, 10 money,
at such time and place. Investments in bonds,
stocks. joint stock companies, or otherwise,
shall be valued at The true value thereof in mon.
ey. Money, whether 10 possession or on de-
posis, shall be entered in the statement at the
full amount thereof; Provided. that deprecated
bank notes shall be entered at their current val.
ue. Every credit for sum certain. payable
either 10 money, properly of any kind, labor
or services, shall be valued al the full price OF
The sum so payable; il for a specific OrIIcle, or
for specified number, or quantity Of any aui.
Gle or articles Of properly, or for a certain
amount Of labor, or for services of any kind, il
shall be valued at the current price Of such
properly, or nf such labor or service, at the
place where payable. AnnuiIies or moneys.
receivable at stated periods, shall be valued at
the price which the person listing the same be.
ieves them 10 be worth 10 money.
! Or deductions made from moneys and credils.
Sec. 10. In making up the amount Of mon.
evs and credits which any person is required
to list for himself, or any other person, compa
ny or corporation, he shall be entitled 10 de.
duHt fVonn tha nf annn and
: credits the umoun, of all bona fde debts owing
BY such person. company or corporation, 10
any other person, company or corporation, for
a consideration received but no acknowledge.
ment Of Indebtedness. not founded on actual
consideration, believed, when received, to have
been adequate, and no such acknowledgment
made for the purpose Of being so deducted,
shall b- considered debt within the meaning
Of this section; and so much only Of any abl-
ty, as surety for others, shall be deducted as
the person making out the s,atemen. believes
the surety is legally and equitably bound to
paw, and 30 much only as he believes such sure.
" will be compelled TO pay. on account OF the
inability or insolvency Of the principal debtor;
and il there are other suTeiies who are able to
contribute, then only so much as The surety in
whose behalf the statement is made, will be
bound 10 contribute; Provided that nothing in
this section shall be so construed as 10 apply TO
any bank, company or corporation exercising
banking powers or privileges.
! Sec. q. No person, company or corporation
shall be entitled TO any deduction on account oI
! any bond, note oI obligation Of any kind, given
! to any mutual insurance company; nor on &C.
. coun. Of any unpaid subscription to any reli'
gous, literary, scientific or charitable institution
! or suciely; nor on account Of any subscription
E to, or ins.a!lmen. payable on the capital stock
f. Of any company, whether Incorporated or unin'
. cotporaIed.
+. Of listing and valuing the properly of mer
: chants and manufacturers and of bankers, ex
0 change brokers, and stock jobbers, &c.
J Sec. i2. Every person that shall own, oI
have in his possession, or subject 10 his control
0 any personal properly within This State, with au
Q thoriiy 10 sell the same, which shall have beer
purchased either in OF out Of this State, with .
r view to being sold at an advanced price, or prof
/. il, or which shall have been consigned to him
i from any place out Of this State, for The pur
, pose OF being sold aI any place within this State
o shall be held TO be merchant; and, when h'
o shall be BY this act required to make out ant
Q deliver 10 the assessor statement Of his oihe
r personal property, he shall state the value 0
r such properly apPertainng to his business Is
/, merchant; and in estimating the value thereof
i. he shall take as the criterion, the average vau
of ell such articles Of personal properly whic
J. he shall have had from time to time 10 his pos
session, or under his control, during the yea
10 next previous TO the time Of making such state
ment, il so long he shall have been engaged i
!. such business and if not. then during sue
time as he shall have been SO engaged and III
e average shall be made up by taking the amour
in value on hand, as nearly as may be, in eac
e month Of the next proceeding year 10 which tn
person making such statement. shall have bee
10 engaged in business, adding together sue
amounts. and dividing the aggregate amour
sE thereof by the number OF months that the pei