The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1860-05-17
garor or lessor urless it be listed by the
mnrtuapee or lessee

and assgnees authorized to sell, when til
owner of the goods does not reside in tn
county. are for the purposes Of taxation, t
be deemed the owners Of the property il
their possession.
Sc. Any person required to list prop
erty belonging to another, shall list it i,
the same county in which he would be re
quired to If it We're his own, Except a.
here in otherwise directed) but he shall lis
it separated y from his own, giving the AS
SCISSOR the name of the person or estate t.
whom it belongs but the undivided prop
erty of person deceased belonging to his
heirs without cnumerating them.
s.. When person is doing business
in more than one county, the property
and credits existing in any one of the
counties, shall be listed and taxed in tha,
county, and the credits not existing in OF
pertaining especially to the business i, any
one county. shall be listed and taxcu al tina,
where the princi pal place of business may
be. Any individual ofa partnership is Ii
able for the taxes due from the firm.
IS Insurance Companies of every de-
scription. existing in other states aud ope
rating in this shall be taxed one per cent
for county purposes, and one per cent for
State purposes, upon the amount of premi-
ums taken by them during the year previ-
Gus to the listing in the county where the
! agent conducts that business and the
agent shall render the list and shall be
personally liable for the tax; and if he
refuses to render the list or to swear as
herein required, the amount may be
assessed according t" the best knowledge
and discretion of the Assessor.
50. All personal property shall be
listed, assessed and taxed in the name of
/ the owner thereof, on the first day of Jan
uary Of the then current year, and each
owner shall be required to pay taxes there
ON; but if the owner resides "at ct the
county. it shall be- listed by the agont or
person having charge ut the same.
$ 10. All taxable property shall be
taxed each year. and personal property
shall be listed aud assessed each year; real
property shall be listed aud valued in the
year 1861. aud each second year thereafter.
and shall be assessed at it's true cash value,
having regard t" its quality. location. natu-
raj advantages. the general improvement
in the vicinity. and all other elements of
its value, and in each year in which real
estate is not regularly assessed, it shall be
'hr dnt, Of the assessor to list and value
any real property no, included in the pre-
N"rIS a>S '~~'urnt.
Sll. Deprecated bank notes and the
stock Of corporations and companies, shall
hr assessed at their cash value; credits
shall be listed at such sum as the person
listing hrlirvrS will be received or can be
collected, and annnitirs at the value which
the person listing believes them to be
worth in money.
s -. In making up the amount of
money and credits which any person is
required 10 list or have listed and assessed,
he will he entitled to deduct from the gross
amount all bonaiide debts owing by him,
but u" acknowl~ dgemcut of Indebtedness
not founded on actual consideration, aud
40 such acknow IedgInrnt made for the pur-
pose of being 50 deducted, shall be cunsd-
cred n debt within the intent Of this section.
and $" much only Of any liability of such
person as security for another shall be de-
Quoted. as the person making the list be-
licves he is e1uitably or legally bound to
pay, ard so much only as he believes he
will be compelled to pay on account of
the inability ofthe principal debtor. and if
there are other sureties able to contribute,
then :" much onl Y as he in whose name
thclst is made will DE bound to contributes;
but no person will be entitled to any de-
duction on account "fany obligation of any
kind given to any Insurance Company for
the premiums of insurance, nor on account
of any unpaid subscription to any insttu-
tinn, society, corporation or company
s l3. Any person owning or having in
his possession or under his control within
this State. with authority to sell the same.
any personal property purchased ei,hcr ia
or out of this State, with authority to sell
the same. any personal property pm, ,chased
either in or out Of this State, with view
of its being sold at an advanced price or
! pr fit or which has been consigned I" 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 take the aver
age value Of such property in his possess
ion or under his control during the next
year previous to the time Of assessing. and
if he has no; been engaged in the business
So long. then he shall take the average du-
ring such time rs he shall have been SO en-
gagged. and if he he commencing, he shall
take the value of the property at the time
/ of assessment.
IA. Any person who purchases, re-
ceives or holds personal property of any
description for the purpos" of adding t,
the value 'h"re"fhy any process of manu-
featuring, refining. purifying, or bv tn.
continuation Of different materials with tn,
view ct maxim. gain or profit by So doing
ana ny selling the same, shall be held te
'e "'a','''actnrer for the purposes of thi,
act, and n" shall list for taxnt;on tho ,,,r
age value OF such propert, in his hands
estimated AS directed in the nrec.d;n, %
section; but the value shall he est;m,,"s
{ upon those materials only which en,ar ;,.,
the combination or manufacture.
} s ID. Any person acting as the acen
. Of another, and having in his possession o
/ under his control or management. an,
money, notes. credits, or assets or person
) al pr"pert", belonging to such other person
with view t" investing or loaning or i,
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