Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1858-05-29
VOL. TX NO. "a. I. 4
ticn to such improvements situated 8
the several counties. !

ticn to such improvements situated =
the several counties. !.
8. When a person is doing bus
ness in more than one county, the psol
erty and credits existing in any one 81
the counties shall be listed and taxed
in that county, and the credits notsexs
isting in nor pertaining especially "a
the business in any one county shall be
listed and taxed in that where the prinx
cipal place Of business may be Any
individual of a partnership is liable'fol
the taxes due from the firm.
10. Insurance companies Of eve-
ry description, (except mutual lnsu-
rance companies, J. existing in othen
States and operating in this, shall be-
taxed one per cent. for county pu1po-
ses, and one per cent. for State purpoy
'ses upon the amount Of the premiums
taken by them during the year previous
to the listing in the county where the
agent conducts that business, and the;l
agent shall render that list, and shall;
be pers onally liable for the tax, and IL
he refuses to render the list and to,
swear as herein required, the amount
may be assessed according to the best
knowledge and direction Of the as,
SCISSOR.
5 IL. All personal property shall
be listed, assessed and taxed in tie
name ofSthe owner thereof on the first
day Of January Of the then. current
year, and each owner shall be requiredg|
to pay taxes thereon, but if the osner.
resides out Of the county, it shall be-.
listed by the agent or person having:
charge Of the same.
5 IL. All taxable property shall be:
taxed each year and personal property
shall be listed and assessed each yeaE.,
Real property shall be listed and valued:
in the year 1859, and each second
year thereafter, and shall be assessed
at its true value in money at private
sale, having regard to its qualitN loca-.
ton, natural advantages, the general!
improvement in the vicinity,. and. all.
other elements of its. value. In each,
year in which real estate is. not.
regularly assessed, it shall be the. duty,
of the assessor to list and value any
real property not included in the rre-g
vlous assessment. a ID ~
5 l3. Deprecated bank notes and
corporations or companies may be ss-
sessed at their current value or RATE.
Credits shall be listed at such SUM a..
the person listing them believes will be
received or can be collected, and: an.
nuities at the value which the person
listing believes them to be worth. in
money. 7s u
5 IA. In making up the amount Of
money and credits which any person .is q
required to list or have listed. and as 5
sessed, he will be entitled to- deduct
from their gross amount the amount of
all bona 6de debts owing by him, but
no acknowledgment Of Indebtedness, mot
founded on actual consideration, and
no such acknowledgment made for the
purpose Of being so deducted, shall be
considered debt within the intent Of
this section, and so much only of any
liability Of such person as security for
another shall be deducted as the person
making the list believes he is equitably
or legally bound to pay, and so much
only as he believes he will be compelled
to pay on account Of the inability OF
the principal debtor, and if there are
other sureties able to contribute, then Y
so much only as he in whose name the
list is made, will be bound to contrib
ute but no person will be entitled to
any deduction on account Of any obli-
cation of any kind given to any insu-
rance company for the premiums Of
insurance, nor on account Of any un-
paid subscription to any institution, So
ciety, corporation or company.
5 Is. Any person owning or hav-
ing in his possession or under his con-
troll, within this State, with authority
to sell the same, any personal properly,
purchased either in or out Of this State
with view Of its being sold at an ad-sa
vanced price or profit, or which has s
been consigned to him from any place
out of this State for the purpose Of
being sold within the same, shall be
held to be merchant for the purposes
Of this act. Such property shall be
listed for taxation, and in estimating
The value thereof, the merchant shall
AXE the average value Of such prop-
erty in his possession or under his con-
,rol during the next year previous to
he time Of assessing, and if he has
not been engaged in that business 80
ong, then he shall take the aver
age during such time as he shall
awe been SO engaged, and il he il
commencing, he shall take the value Of
,he property at the time Of the assess
ment.
5 16. Any person who purchases,
'eceiyes, or holds p-rsonal property of &
my description, for the purpose Of sd-
ling to the value thereof BY any pro-
,ess Of manufacturing, refining, pun.
'ying, or by the combination Of differ. J.
mt materials, with view to- making
,ain or profit by SO doing and By Sell
ng the same, shall be held to be ! man-
lfacturer for the purposes Of this oct,
md he shall list for taxation the aver
lge value Of such property in bis hands,
'stimated as directed in the proceeding
ection, but the value shall be estimated
lpon the materials only, entering into
he combination or manufacture. &
5 II. ! hat there shall be elected Is
he general election il each year ~
he qualified voters Of each 'toWnh lip Il,
his State, one township assessor Who
boJ bo1J re n43,nn fo,. ana xylss. SSSsS4