The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1865-06-01

this act ne Is required to list, either as owner
thereof or az parent, guardian, husband, wife,
trustee, executor, administrator, receiver ac-
counting officer, partner, agent or factor.
Sec. 3. Such statement shall truly and dis
tiuctly set forth:
lst The number of horses over two years
old
ID The number OF neat cattle over two wears
old
Sd. The number of mules and asses over one
year and a half old
4th The number of sheep over six months
| cid
9Th. The number Of hogs over six months
9th. The number of pleasure carriages of ev,
cry description.
! 9TH. The number of gold and silver watches
/ 9th. The number OF piano fortes aud melode-
ons.
The eight items of personal property above
, specified shall be known and designated in ;hs
act as enumerated articles" he statement
required TO be gwen the assessor shall also con
| tain, de distinct and separate items the amount
| of moneys and credits. The amount of merchants
and manufacturers stock, and the aggregate
| amount OF all articles OF personal property
which the person making the statement Is re
Alred 10 list; and In no case shall the person
making the statement be allowed to value the
personal property which he is required to list
but when such property cannot be exhibited 10
the assessor II enali be his duty alter making
dIhzent inquiry of the person listing the same
or ANY uther person acquainted with said prop
erty, WIN view 10 determine igs real value
To athX value thereto which, in his opinion
may be nearest It's true value, as established by
The board of assessors Such stat ement shat sci
forth the amount of credits which such person
is required to list, after deductng theretrum the
ILdeOl edness which the person making su CT
statement Is entitled TO deduct agreeabiy TO The
provisions OF this act. AL! property to be listed
shall be listed rs OF the fifth day of June in the
wear In which the HSSeSS9I and ~
transfer or sale of any taxable personal property
subsequently 10 SAID fifth day Of June, shall no
authorize any person to emit The same from hi,
list, although such list be not made out unit
after The sale or transfer of such prul ertY, bu
ali such properly shall be listed FIR taxation il
the same manner Us If no sale or transfer there
o, had ueen made
Sec. No person shall be required to iDcludt
III his list OF personal property any portion u
the capital stock OF any Company or corpora
ton which is ny law exelEpI from taxation, ~
which is required 10 lisI liz capital and othe
personal properly as a company or corporation
nor any portion Ut the capital stock of any com
pany or cor goraton which is required by Law
tu pay tax on its capital, profits or dividends
but ali other incorporated companies shall bt
required to list, by their pres dent secretary o
other accounting officer, the iul amount of stool
PAID IN and remaining rs capital stock, at it
true value III money; and such stock shall b
taxed as other personal property
Sec. III. No person shall be required to in
clIde i'll his list of personal properly, any Prop
city which by this act is exempt from taxation
sec. IL. Ii any person with whom the assesst
shall have lett notice, requiring him to max
out d list OF properly for taxation shall have n
property which by this act he is required L
list, either on his own account or in behalf o
others he shall set forth such fact on the blanl
statement lett with him by the assessor ant
shall make oath to the truth thereof
RULES FOR vALUING PROPERTY
Sec. ~. Each parcel OF real property shall b.
valued at IT, true value in money, excudiu.
the value OF crops which may be growing there
on. But the price at which such real propert,
would sell al auction or at forced sale, shat
not be taken as the criterion of such true value
All real properly belonging to any religious
literary, scientific or benevolent insti utiun q
society, AZ well all school and univ ers,t,
lands held under lease, except as provided il
sect II six of this act shaft be valued at suct
price as the assessor believes such leasehulc
estate would command in money Persona
property shall be valued at he usual selling
price at the place where NE same may be he,
but 1t there be no usual selling price known {
the person required to fix the value thereon. /
shall be valued at such price as is believed
c buid be obtained therefor i'll money at suct
lime and place. Money, whether in POSSESSION
OF deposited, subject 10 be Withdrawn ON de-
mand, shall be entered i'll the statement ar The
full amount thereof pr0Uiaed, that depre
GATED bank notes shall be entered &C tneiI
current value. All credits, except th,se ex
pr ssly exempted by this act, shall be listed fo
taxation. Ii a credit calls for Il specific artiO,e
or articles OF property. OF Tor u specific amour
of labor or service, it shall be valued at tn,
current price of such properly. labor or servicc
Annuites shall be valued al such price as the
person listing believes them to DO worth II
money. Manufactured artices remaining un
sold in The hands OF The manufacturers, shall bt
valued at the cost of materials ana abor enter
lug into their composition No person shall b,
required u list a greater portion OF auy credl
thau ne believes to be coilectable, nor a great
CT portion at an obligation given for the pay
menC OF rent, than the amount when may ihel
be actually due. No person shall be authorize,
deduct from bis credits any greater portion U
his liabilities as security for Others. than he be
eves that he ls egalIy Or equitubly bound /
pay rs such security.