The Kenosha telegraph and tribune. [volume] (Kenosha, Wis.) 1859-1860, 1860-05-03

SEC. s. Such statement shall truly
and distinctly set forth =
1st. The number Of horses over two
years old
I'd. The number ofneat cattle over
two years old
Sd. The number of mules and asses
over one year and half old i;
4th. The number of sheep over six
months old
9Th. The number of hogs over six
months old;
9th. The number of pleasure carriag-
es OF every description
9TH. The number of gold and silver
watches
8th, The number ofpiano fortes and
melodons,
The first day of June shall be taken
as the period to which the ages of ami
mails shall refer, to meet the above
provisions. The eight items of person
al property above specified shall be
known and designated in this act as
enumerated articles" The statement
required to be given to the assessor,
shall also contain, as distinct and sepa-
rate items, the amount of moneys and
credits the amount of merchants and
manufacturers stock !; and the aggre-
gate amount of all other articles of per-
sonal property which the person making
the statement is required to list and
he shall be required to make oath only
to the value OF personal property not
exhibited to the assessor.
Such statement shall set forth the
amount Of credits which such person
is required to list, after deducting there
from the Indebtedness which the person
making such statement is entitled to
deduct, agreeably to the provisions of
this act
Sec. 8. No person shall be required
to include in his list ofpersonal property
any portion CT the capital stock Of any
company or corporation which is by law
exempt from taxation, or which is re-
CURED to list its capital and other per-
sonal property as a company or corpo-
ration nor any portion of the capital
stock of any company or corporation
which is required by law to pay tax on
its capital, profits, or dividends but
all other incorporated companies shall
be required to list, by their president,
secretary, or other accounting officer.
the full amount of stock paid in and
remaining as capital stock, at it's true
value in money and such stock shall
be taxed as other personal property.
SEC. 10. No person shall be required
to include in his list of personal proper
ty, any property which by this act is
exempt from taxation.
SEC. II. If any person with whom
the assessor shall have left notice, re-
quiring him TO make out statement of
property for taxation, shall have no
property which by this act he is requir-
ed to list, either on his own account
or i'll behalf of others, he shall set forth
such fact on the blank statement left
with hun by the assessor, and shall
make oath to the truth thereof.
RULES FOR vALUING PROPERTY.
SEo.l2 Each parcel ofpersonal prop
erty shall be valued at its true value in
money, and excluding the value of crops
which may be growing thereon. But
the price at which such real property
would sell at auction, or at forced sale,
shall not be taken as the criterion of
such true value.
All real property belonging to any
religious, literary, scientific or benevo-
lent institution or society, as we'll as all
school and university land, held under
lease, except as provided in section six
of this act, shall be valued at such price
as the assessor believes such leasehold
estate would command in money.
Personal property shall be valued at
the usual selling price at the place
where the same may be held; but if
there be no usual selling price known to
the person required to fix the value
thereon, it shall be valued at such price
as is believed could be obtained there
for IN money, at such time and place.
Money, whether in possession or depos-
tied subject to be withdrawn on de-
mand, shall be entered in the statement
at the full amount thereof; Provided,
that deprecated bank notes shall be en-
tered at their current value. All cred
its, except those expressly exempted by
| this act, shall be listed for taxation. If
credit calls for specific article, or ar
tlcles OF property, or for a specific
amount Of labor or service, it shall be
valued at the current price of such prop
erty, labor or service. Annuities shall
be valued at such price as the person
listing believes them to be worth in
money. Manufactured articles remain
ing unsold on the hands of the manu-
facturers, shall be valued at the cost of
materials, and labor entering into their
composition. No person shall be re-
CURED to list greater portion of any
credit than he believes to be collectable
nor greater portion of an obligation
given tor the payment of rent, than the
amount which may then be actually
due. No person shall be authorized to
deduct from his credits any greater por-
ton of his liabilities as security for 9th
ers, than he believes that he is legally
or equitably bound to pay as such secu-
rity.
MERCHANTS AND MANUFA CTURERs
SEC. IS. Every person who shall
own, or hold subject to his control, any
personal property within this State,
which shall have been purchased with a
view of being sold at an advanced price
or profit, or which shall have been con-
signed to him for the purpose of being
so sold, shall be held to be a merchant.
And when such person shall be requir-
ed, according to the provisions of this
act, to make out and deliver to the as
SCISSOR statement of his other personal
property, he shall include in such state
ment, the value of personal property ap-
pertaining to his business as a mer-
chant And in estimating the yalue of