The River Falls journal. (River Falls, Pierce County, Wis.) 1857-1861, 1858-06-02


18th. The money and credits required
to be listed;
18th. Farming utensils, mechanics
tools, law and medical books, surgical in
struments and medicines;
14th. All household furniture, beds
bedding, ETC.. not exempted by law from
taxation;
18th. The corn, hay, oats, potatoes,
fruits, wheat, wool, pork, bacon; anl
18th. All other articles Of personal prop
erty which such person is required to list.
SEC. 4. Assessors to make out their
rolls as by Chap. l 5, R. S., and on actual
view, make valuation of real property at
the usual selling price at J cash, the bal
ance on time.
SEC. 5. The Assessor shall leave a
memorandum of the amount at which he
values the property, with another at the
time when the town Board of Equaliza-
ton meets.
Sec. 6. Personal property to be valued
at the usual selling price, or what the
Assessor believes it would bring in money.
Credits in the shape of property, labor, or
services, to be taxed, but unIiquidatcd
credits in the form of book accounts. ha-
wing no connection with the loaning of
money, shall not be taxed. Annuities
shall be valued at such price as the per-
son listing the same, believes them to be
worth in money, All manufactured ar
ticles remaining rnsold in the hands of
the manufacturer shall be valued at the
cost of the materials entering into their
composition. Sheep shall be valued with
out reference to the value of the unshorn
fleece. No person shall be required to
list greater portion of any credit than
he believes to be eol!ectable, nor any
greater portion of an obligation given for
the payment of rent than the amount of
the rent that shall be actually due. In
making up the credits, which any person
is required to list for himself or for any
other person, company or corporation, he
shall be entitled to deduct from the gross
amount of such credits, the bona fide
debts owing by himself, such otler per
son, company or corporation, as the case
may be. But no acknowledgement OF
Indebtedness, not founded on actual con-
sideration, shall be- considered debt,
within the meaning of this act. And so
much only of any liability, ms security for
others, as the person making out the
statement believes the person is legally
and equitably bound to pay on account
of the inability of the principal debtor,
shall be deducted from credits.
SEC. Z, s, 9, 10 provide regulations
concerning merchants manufacturers.
SEC. IL. Assessors shall lesye, annu-
ally, before the lst of June time extended
40 days for Mis year, notices requiring
each person to make out lists in accord
ance with this law, and shall then obtain
the list unless the person wants further
time, when Is days is given. The as
SCISSOR may administer the oath.
Sec. ~. For each time of refusal to
make list on oath, fine of ten to fifty
dollars, to be prosecuted for by the asses
sor. Provides for cases of non-residents.
Sec. Is. The assessor to complete then
| rolls before the first Monday of Inly. ord
| to make footings. alf T
SEC. IA. Penalty of 5000 to $1,000
agains: assessors refusing, neglecting, Oh
evading their duties.
SEC. Is. Secretary of State to prepare
and transmit the necessary forms.
| Sec. l6. Oath of assessor.
Sec. II, Is. Exempts roads and banks
otherwise taxed.
Sec. 10, "a. Duties of Town and City
Boards of Equalization. .--af s.
Sec. 25. Clerks Of Boards of Supervi
sors to send, on or before the I'd Monday
of October, abstracts to the Secretary O
State. r., -.
Sec. &c. Makes the Senate the State
Board of Equalization, after this year,
Sec. 81. Secretary Of State to send t,
the coulties the result of tier Eoualiaa
ton.
Sec. %. Secretary of State to appor
ton the per centum of State tax.
Sec. 20. The returns of the last yea
to DO used b. the State Board of Equal
eaton for the present year.
SEC. 80. Extends time for Assessor
returns 40 days for this year. .v11eo
Sec. 81. The law takes effect from
publication (2Oth May.) @