Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1865-05-13

making diligent inquiry oil the person listing the
same, or any other person acquainted with SAID
property, with a view determine its real value,
TO affx value thereto which, in bis opinion, may
be nearest ITS true value, as established py the
board Of assessors such statement snail set iorsn
the amount OF credits which such person Is required
10 list alter d~ducung therefrom the indebtedness
which the p-sson makiDg such statement s enu'iei
Leduct, sgree4bly TO the prosisi,ns oi tis &C.
All pEePsry 10 be listed. shall os s,e :. ". ~
nth day Il ne in the gear ia whlch the same Is as
fessed and the transfer sale OF any ta4soie per
scusl pros cry subsequently 10 SAID nlen "a, OF
Ju e, shall not authorize any person " o. .de
same from MS list, although such INST De poI maue
out until Of er the sale or trapsier oil sun prePet-
tv but all such properly shall be listed Ior taxa
ton in the same manner as ii no SAFE VI ~ eNsi'h
sc q No ptrson shall be required to include ia
his list peTtonal property any portion o. tbe CAL
tai stock OF any company OF corporation when %
lac exempt from taxation, which Is required 20
lis its capital and other PERSONAL property as
company coFporau q, uor any portion OF the p
required by law pay tax on It's capital, pronts or
dividends but all other incorporates companies
shall be required 10 list, by their presIdent seere-
tsry, or other accounting oetrI the IulI amour VI
STOCK paid IN and remaining as capital stock, a. It's
trae value money; and such stock shall be take
as other personal property:
Sec 10 No person shall be required to lnclude
in his list Of fersonal property, any property Wmeh
by this act is exempt from taxation
Sec. IL. If any person with whom the assessor
shall have Irat notice, requiring Nun 10 mai Out
II =
II WI ca by lis act be is required TO list, either on
his account or in behalf OF others be snail Set
forth such fact the blank statement LETT Win MN
b. the assessor, and shall make cath to the truth
hereof.
RULES FOB vALUISG PROPERTY.
see. L. zach parcel OF real property shall Be
valued a. its true value IN money, exeluolns tue
' Iue of erots which may be growing thereon.
Ert the I,rice az which such zeal properly woul
N Al auction, or forced sale, shall not be tax
IN as the critic riOn Of sueh true value All reai
property belO glng any religious, literary, scien
lin or benevolent lusit utOn or society," as we'll as
All school zisu university lands he ii under lease,
except as troyiiel Ia SECTION SIX OF this act, shall
b. valued at such price as the assessor oeheFes
snch l-asenolI estate would cSuNmand IN money
Personal property shall be valued at the usual SEA-
ling price az place where the same may De held
tue person to fix the value thereon, 1t shall
be valued ut such price as is believed coulI be OBJ
tanned therefor Ia money, at Sueh time ana place.
Money, whether in possession or deposited subject
TO b, withdrawn demand, shall be entered IN
the staten u at the full amount thereof: PrOrfd-
Cd that depreciatec bank notes shall be entered
ILeir current value. All credits, except those "a
pTessy exempted by this act, shall be LISTED Tor
taxation. IL credit calls for specific article OF
articles q prOperty, or Tor specinc amount OF Ia
Dor or service, II shall be valued AZ the @
price Oi such PROPERTY labor or service. Anuul'
ties shall be valued - such price as the pc. son
listing believes them 10 be worth in money. "an-
ufact uTed articles naming unsoid in the hands
OF the manuiacg uIers, shall be valued at the cost
of mateTia and labor entering into their compO-
siton No person shall be required TO list greater
portion any credit than he believes TO De collect
able nor greater portion OF obligation given
foC the payment OF rent, than the amount which
may then be actually due. No person shall be IA
thorzsd to deduct from his credits any greater por
ton Of nj Liabilities security Tor Others than
he beneves that he is legally or equitab!y bound
60 pa as such security.
MERCHANTS AND MANUFACTURERS.
Sec Is. Every person who shall own, or hold
iect to MS control, any personal property with
aTe ArMFn N
with u view o. being solo at an adyanes prce oil
pToit. or which shall nave been consigned TO hin
Tor the purpose Of being SO sold, shall DE held t.
b. a rehant. Aud when sucn person snail De
req ured according to the provisions OF this act e
make Qua and deliver to the assessor staten nj oil
his other personal property, he shall include in
such sta emenr the value Of personal property APP
pertaining to his business a. a merchant. And m
estimating value of such property, he shall es
tiusats the average value of all such articles oil
personal proper which he shall have had IN bis
possession or un. er his control, during the yesI
next preceding the time OF maklBg such state
Eent. during that portion OF said year which he
NAV have been engaged j. such business In or.
der 20 arrive at the average vaIue OF sa b proper
ty he shall estimsts the amount on hand, as near.
~ ss may tie, in eaUh month OF the preceding year
or such part there Of he may have been engagv
in such business; then aud the several month y es
tlmates, aud diyiie the aggregate by the number
of months he may have been thus engaged 10 ousi-
uess DsoUtd.d, Juat cCnsiguee SHAH be required
to list fCE taxation any properly consigned to hin
for the mere purpose OF being stored or forwarded
when used in tins and the iOur succeeding sections
shall be held TO mean and include company,
s.hrm," 81 ''ecrPoration," as the sense may re-
quire.
Sec. Ii. Every person who shall commence
merchau dising in any town, cIty village in thi:
state, alter the first Monday in July, in any year
aud the value OF whose personal property so EN-
pioyed, shall not have been iiste0 for taxation
shall report under OATH to the clerk OF the board
of supervisor the county Ia which he is engaged
in business the probable amount of the average
all ofr Intended D be
so employed, and such amount shalt be entered by
the said CLERK the assessment rolls OF the town
or city in which such business may De carried on
and such property snail be taxed the same if ii
had been returned by the proper assessor. But II
such reports snail not be made TO the clerk OF the
beard OF supervisors till alter the assessment POLLS
shall have been distributed among the towns and CT
les the clerk shall forthwith notify the clerk OF
the proI city of the amount of such prop.
erty and tile name OF the person in which the same
should be taxed. and the clerk of such town or city
shall enter the same the list Of property foI
taxation, with the amount of tax 10 be collected
theretrom.
see Is. If any person shall commence merchan
sing as designated in the foregoing section, and
shall not within two months thereafter, report IN
accordance With the requirements o. section four
teen OF this act such person shall forfeit and pay
two per cent. on the value Of the personal proper
u by him so employed; and the value of such prop
erty shall be asceItained by the testimony of wit
called by the treasurer of the town city il
which such business may be carried on and the
said penalty shall be collected by such treasurer
a
having jurisdiction thereof and when such penalty
shall be collected, the amount shall be distributed
in the same proportion as other taxes: pr0rided
az shall be the duty OF said treasurer to notify such
merchant of the above requii ements of law, al
least thirty days before the commencement OF such
suit.
sec 10. Every person who shall purchase oil
hold personal property for the purpose Of adding ia
the value thereof, by any process OF msnufact ur.
ing refining, by the combination Of different ma
terials, shall be held to be a manufacturer; and
when such person shall be required Co make out a
statement of other personal property for taxation,
he shall state the average value, sscertained as
provided in section thirteen, OF all articles Pur.
chased held for the purpose OF being used in any
such process of manufa curing, refining combin
ing which he shall have had on hand during the
year next preceding the time of making such state
ment; and such statement he shall attest on oath,
required in other cases.
Sec. II. Every manufacturer shall list the value
Of all engines, tools, and machinery Of every de-
scription not forming part of any parcel of real
property, used or designed TO be used in any pro-
cess Of manufacturing, as defined in this act
DUTIES or ASSESSORS IN RELATION TO THE BIENNIAL
VALUATION OF REAL PROPERTY.
Sec. IS. II shall be the duty of the assessors
elected for the year one thousand eight hundred
and fifty nine, and every second year thereafter to
list and value all the real property of this state,
not expressly exempted from taxatio in the man
PROVIDED py TINS act.
See. 10. Eaeh assessor shall make out, from such
OF information as shall be within his reach
a correct and pertinent description of each parcel
of real property in his town, city ward and shall
designate the piece, parcel tract of land in the
town other than village On which the owner, occu
pant other person liable to taxation resides and
If he shall deem it necessary, he may require the
owner or occupant Of such property to furnish such
description. If the owner occupant shall refuse
or neglect 10 furnish any such description, when
demanded by the assessor the assessor may employ
q surveyor TO ascertain the boundaries and guam
tity Of property, and the expenses of such