The Buchanan County guardian. (Independence, Buchanan County, Iowa) 1858-1864, 1860-05-16

body corporate, company, society, or partnership
by its principal accounting officer, agent or
partner. Property under mortgage or lease is
to be listed by and taxed to the mortgagor or
lessor unless it be listed by the mortgage or
lessee.
SIS. Commission merchants and all persons
trading and dealing on commission, and assign
ees authorized to sell, when the owner of the
goods does not reside in the county, are for the
purposes of taxation, to be deemed the owners
of the property in their possession.
6. Any person required to list property
belonging to another, shall list it in the same
county in which he would be required to, if it
were his own, Except as herein otherwise di-
rected) but he shall list it separately from his
own, giving the Assessor the name of the per-
son or estate to whom it belongs, but the undi-
vided property of a person deceased belonging
TO his heirs, may be listed as belonging to his
heirs without enumerating them.
81. When person is doing business IN
more than one county, the property and credits
existing in any one of the counties shall be list
ed and taxed,in that county, and the credits not
existing in or pertaining especially to the bust
ness in any one county, shall he listed and tax
ed in that where the principal place of business
may be. Any individual of a partnership is Ii
able for the taxes due from the firm.
So. Insurance Companies of every descrip-
ton, existing in other States and operating in
this, shall be taxed one per cent. for county pur
poses, and one per cent for State purposes, up
on the amount of premiums taken by them dur,
ing the year previous to the listing in the coun-
ty where the agent conducts that business and
the agent shall render the list and shall be per-
sonally liable for the tax and if he refuses to
render the list or to swear rs herein required,
the amount may be assessed according To his
best knowledge and discretion of the Assessor.
9. All personal property shall be listed, as
sessed and taxed in the name of the owner
thereof, on the first day of January of the then
current year, and each owner shall be req uired
to pay taxes thereon but if the owner resides
out of the county, it shall be listed by the agent
or person having charge of the same.
TO- All taxable property shall be taxed
each year, and personal property shall be listed
and assessed each year real property shall be
listed and valued in the year 1861, and each
second year thereafter and shall be assessed Mt
its true cash value, having regard to its quality,
location, natural advantages, the general i'm
provement in the vicinity, and all other ele-
ments of its value, and 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 previous as
sessment.
s IL. Deprecated bank notes and the stock
of corporations and companies, shall be asses
ed at their cash value: credits shall be listed
at such sum as the person listing them
believes will be received or can be collected
thereon, and annuities at the value which the
person listing them believes them to be worth
in money.
8 -. In making up the amount of money
and credits which any person Is required Ia
list or have listed or assessed he will be EMIT
led TO deduct from the gross amount all bona
fide debts owing by him, but no aeknowledg-
ment of Indebtedness not sounded 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 de
Quoted, as the person making the list believes
he is equitably CT legally bound to pay, and s.
much only as he believes he will be compelled
to pay on account of the inability Of the prin.
cpal debtor, and if there are other sureties abls
TO contribute, then so much only rs he in whose
name the lst..is made viii be bound to contrib
ute !; but no person will be entitled to any dedue
ton on account Of any obligation Of any kind
given to any Insurance Company for the pre-
miums of insurance, nor on account ofany un
paid subscription to any institution, society
corporation or company.
5 l3 ANY person owning or having in hi.
possession or under his control within this
State with authority to sell the same, any per-
sonal properly purchased eithcrin or out OF this
State. with view of its being sold nj al
vanced price oe profit, or which has been con
signed to him from any place out of this State
for the purpose of being sold within the same
shall be held TO he merchant for the purpose,
of this act such property shall be listed fo
taxation, and in estimating the value thereof
the merchant shall take the average value o
such property in his possession or under hi
control during the next year previous to tbs
/ time of assessing, and If he has not been cnga
/ ged in the business so long, then he shall tax,
/ the average during such time as he shall hay,
been SO engaged, and if he be commencing. Ii,
shall take the value Of the property at the tim,
/ of assessment.
5 IA Any person who purchases. receives o
holds personal property Of any description fol
| the purpose Of adding to the value thereof 10y
any process Of manufacturing refining, purify
/ ing, or by the combination OF different materi
ais with the view Of making gain or profit by
so doing, and by selling the same, shall be helt
| TO be a manufacturer for the purposes of thii
act. and he shall list for taxation the averag,
value OF such property in his hands. estimatet
as directed in the preceding section but tn,
value shall be estimated upon those material.
| only which enter into the combination or man
ufacture.
s Is ANY person acting as the agent of an
other, and having in his possession or under hi,
control or management, any money, notes cred
/ its, assets personal property, belonging e
such other person, with view to investing OF
loaning, or in any other manner using the sam,
for pecunary profit shall be required to list th.
same at the real value. and such agent shall bc
personally liable for the tax ON the same, and
il he refuse TO render the list or swear To the
same the amount of such money, property
notes or credits may be listed and valued ac
cording to the best knowledge and Judgment o
the Assessor. subject to the provisions of see
ton twenty FIVE (25) Of this act.
s l6 There shall lie elected at the genera
election in each year by the qualified voters o.
each township in this State, one Township As
SCISSOR, who shall hold his office for one year
and until his successor is elected and qualified
| s II, Each Assessor. before entering upor
the duties of his office, shall give bond with tw,
or more sureties to be approved by the township
trustees, or in counties not organized into town
ships. by the Board of Supervisors, in the sun
of five hundred dollars. payable 10 said trust
ees or Board of Supervisors, onditioned for tn
| faithful and impartial discharge Of the dutie
Of his office, which bond shall be filed and PR,
served 10y the Township Clerk. or Clerk of th'
County Board of Supervisors.
| Sis. IL any Assessor shall fail to give tn,
bond and surety ns required in the preceding
section. shall fail 20 take the oath Of office
required by the Constitution, on or before tn
first Tuesday after the first Monday of Januar,
rN al IL. ~t,xh