Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1865-05-20
Of labor Or service, it
> c,4rreuf nr1cs al such

shall be valued AT tile c4tAcht phloc " asaS
,roTertv labor or service. Annuitles shall be
KraIIIed at such price as the person listing be-
I;evas them To be worth in money. Manufac-
t,,red articles remaining unsold in the hands
If the manufacturers, shall be vaiued at the
cost OF materials and labor entering INTO tnelr
composition. No person shall De required 20
list a greater portion of any credit than ne
believes to be collectable, nor a greater por,
tion of an obligation given for the payment OF
rent. than the amount which may then be &C
finally thfeA Nd person shall be authorIzede g
deduct from his credits any eha5e san ~
believes that he is legally and eqmtaoiy Douno
to pay as such security.
MERCHANTS AND MANUFACTURERS.
Sec. 10. Every person who shall own, ol
hold subject to his control, any personal pro
pertv within this state, which shall nave peer
nurchased with view of being sold at an al
VVauced price or profit, or which SHAH nave
been consigned to him for the purpose OF De
ing so sold, shall be held to be merchant Ant
when such person shall be required, according
to the provisions Of this act, 10 make out ant
deliver to the assessor a statement OF MS per
sonal property, he shall include IN such state
ment the value of personal property apper
raining to his business as a merchanE And
estimating the value of such property, he shal
estimate the average valne OF all such articles
of personal property which he shall have haC
in his possession o. under his control, during
such statement, or during that portion OF salt
wear which he may have been engaged IN suel
business. In order 70 arrive at the aVefS g
value of such property, he shall estimate the
amount on hand. as nearly as may be, IN eacn
month OF the preceding. year, or suen part
thereof as he NAV have been engaged IN such
business. then add the several monthly esti-
mates. and divide the aggregate BY the unlsll
her at months be may havesbeen TINS engages
IN business. Ilr0riOled, that no consignee shah
he re1nired 10 list for taxation any TN-,0Tf
consigned to him for the mere purpose o. De
inc stored or forwarded: ana pII0ctded, ]" f-
fEer, that the word ssPeIssIs when used ., 4 IN
this and the four sslccse hnS = s si .
held to mean and include COMPANY, . IH'
or .scorporatiOn as the sense may require.
Sec IL Every person VINO silaIi :. ~ -
merchandising IN any town, CITY OF mas I.Ij, ~ ~
This state after the first Monday IN July, III
any wear. and the value of whose personal pro,
pertv so employed, shall not have been hsted
Tor taxation. shall report under oath, 10 tne
clerk Of the board Of supervisors OF the county
in which he l. engaged In business, the prODa-
bic amount of the average NaIue OF petson1l
r,ror,erty intended BY him 70 be so employed,
and such amount shall be entered by the said
clerk on the assessment rolls Of the town or
,itv in which such business may be carried on;
and such property shall be taxed the same as
# II had been returned by the proper assessor.
But if sueh reports shall not be made. to the
clerk of the board Of supervisors till after the
assessment rolls shall have been distributed
among the towns and cities, the said clerk
shall forthwith notify the clerk OF the proper
town or city of the amount of such property,
and the name of the person in which the same
should be taxed, and the clerk OF such town or
CITY shall enterthe same onsthe INST or pro
perty for taxation, with the amount OF tax to
be collected therefrOm-s
Sec Is. IF any person shall commence mer-
chandising, as designated in the foregoing sec
tiOn, and shall not within two months thereat-
ter report in accordance with the require
ments of section fourteen of this act, such
person shall forfeit and pay two per cent. on
the value OF the personal property by him sol
EMPLOYED: and the value OF such property shall
be ascertaine5 by the testimony of Witnesses
called by the treasurer of the town or city
in which such business may be carried on;
and the said penalty shall be collected by snch
treasurer bv a suit before any Justice of the
peace or court having Jurisdiction thereof, and
when such penalty shall be collected, the
amount shall be distributed in the same pro-
portion as other taxes: pg'orided 1t shall be
the duty Of said treasurer 10 notify such mer-
chant Of the above requirements OF Law, at
least thirty days before the commencement of
such suit.
Sec. 16. Every person who shall purchase
or hold personal property for the purpose of
adding to the value thereof, by any process OF
refining, or 10y the combine
ton of different materials, shall be held to be
a manufacturer: and when such person
shall be required to make out statement of
other personal property for taxation, he shall
state the average value, ascertained as pro-
vided in section thirteen, OF all articles pur-
chased or held for the purpose OF being used
in any such process of manufacturing, refin-
ing or combination which he shall have had on
hand during the year next preceding the time
Of making such statement; and such state
ment he shall attest on oath, as required IN
other cases.
Sc. II Every manufacturer shall list the
yaIIe of all engines, tools, and machinery OF
every description not forming part OF any par
eel Of real property, used or designed TO be
used in any process of manufacturing, as de-
fined in this act. rr
DUTIES OF ASSESSORS IN RELATION TO THE BIEN-
NAL VALUATION OF REAL PROPERTY
Sec. Is. 1t shall be the duty Of the asses
sors elected for the year one thousand eight
hundred and fifty-nine, and every second year
thereafter, TO list and value all the real pro-
perry Of this state, not expressly exempted
from taxation, IN the manner provided by tins
act.
Sec. 10. Each assessor shall make ont, from
such sources of information as shall be within
his reach, a correct and pertinent description
of each parcel of real property IN his town. city
or ward, and shall designate the piece, parcel
or tract of land in the town other than village
on which the owner, occupant or other person
liable TO taxation, resides; and n ne shaii
deem IL uecessaFv. he NAV require the Owneror
occupant of such property to furnish such de-
scriptiOn. If the owner or occupant shall re-
fuse or neglect to furnish am sach description,
when demanded by the assessor, the assessor
may employ survey to ascertain the Dounda-
ries and quantity of such property, and the
expenses of such survey shall be returned to
the clerk of the town or city in which such
property is located, and by said clerk shall be
added to the tax upon such property, and
when collected shall be paid over to such as
SCISSOR. for the use Of the person or persons to
he m he dine
Sec. 20. The assessors shall. from actual
view, and from the best sources of information
within their reach, determine nearly as
the true valuc OF all the real pro-
perry within their respective districts, accord
ing TO the rules prescribed by this act for val
uing property.
Sec. ri. 1t shall be the duty of the assessor
to examine all such buildings and other i'm
prOvements as are not expressly exempt from
taxation; but the value Of land and the I'M
thereon, shall be entered on the
list in single aggregate.
Sec. %. The assessor or assessors, with the
chairman of supervisors and clerk OF each
town. or the several assessors, whit he mayor,
clerk and treasurer of each city or incOrpora-
ted village. shall constitute town, siDcorpor-
ated village or city board, to equalize the
assessment of real property for said town, m
corporated village or city 1t shall be the
duty of the assessors to notify the clerk of his
or their respective town, incorporated village
or city, of the time and place when such equal
izing board shall meet, at least six days before
such meeting shall be held. And the clerk OF
such town, Incorporated village or city, shall
post I'D notices OF the time and place OF sucn
meeting. not less than four days prior to such
meeting and in not less than nve puDhc
places in such town or lneorp rated village,
and in not less than two public places in each
ward of such city. Each member OF such
town. incorporated village or city board shan
take an oath fairly and impartially to equalize