Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1865-05-10
NUMBER 10.

to determine its real value to affix a value
thereto which, in hi, opinion, may be
nearest its true value, as established by
the board of assessors Such statement
shall set forth the amount of credits which
such person is required to list, after de-
Quoting therefrom the Indebtedness which
the person making ssch statement is en-
titled to deduct, agreebly to the provisions
ct this act Al property to be listed.
shall be listed as of the fifth day Of June
IN the year in whicE the same is assessed,
ana the transfer or sale of any taxable
personal property subsequently to said
Tfth day OF June shall not authorize any
person to omit the same from his list, al
though such list be not made out until Of
ter the sale or transfer of such property,
but all such property shall be listed for
taxation in fhe same manner as if no sale
or transfer thereof had been made.
Sec o No person shall be required to
include in his list of personal property
any portion of the capital sock of any
company or corporation which is by law
exempt from taxation, or whicn is requir-
ed to list its capital and other personal
property as a company or corporation, nor
any portion of the capital stock of any
u
by law TO pay tax on its capital, prof 8 or
diridends; but all other incorporat ID
companies shall be required to list, by
their president, secretary, or other &C.
counting officer, the full amount Of stock
paid IN and remaining as capital stock,
Mt its true value in money and such stock
shall be taxed as other personal property.
Sec. 10. No person shall be required to
include in his list of personel property,
any property which by this act is exempt
from taxation.
Sec. IL. If any person with whom the
assessor shall have left notice, requiring
him to make out list of property foS
taxation, shall have no property which by
this act he Is required to list, either on
his own account or in behalf Of others,
he shall set forth such fact on the blank
statement left with him by the assessor.
and shall make oath to the truth thereof
RULES FOR vALUING PROPERTY.
See. -. Each parcel Of property shall
be valued at its true value IN money, ex-
clnding the value of crops which may be
growing thereon. But the price at which
such real property would sell at auction,
or at a forced sale shall not be taken as
the criterion Of such true value. All real
property belonging to any religious, liter
lrv, scientific or benevolent institution or
society, as we'll as all school and universi-
" lands held under lease. except as pro-
vided in section six of this act, shall he
valued at such price as the assessor be-
lievcs such leasehold estate would cons
mand in money. Personal property shall
he valued at the usaaT selling price ut the
| place where the sane may be held but
# there be no usual selling price known
/ to the person required to fix the value
! thereon. it shall be valued ut such price
rs Is believed could be obtained therefor
! in II O rev. at s1ch time and place. Money,
whether in possession or deposited subs
Iect To be Withdrawn on demand, shall be
entered in the statement at the full
amonnt thereof: Tr-iaed that depreciat
ed bank notes sha be entered at their
current value. All credits. except thcs,
expressly exempted bv this act. shall be
isted for taxation. | a credit calls fer q
specific article or articles of property, or
for n specific amount of labor or service,
It shall he valued at the current price of
such property labor or service Annuit'es
shall he valued atsuch price rs the per- on
listing believes them to be worth in mon-
ev. Manufactured articles remaining un-
sold in the hands of the manufacturers,
shall he valued at the cost of materials
and labor entering into their composition.
No person shall he required to list great
er portion Of Gnv credit than he believes
to be collectable, nor greater portion OF
an obligation given for the payment of
rent. than the amount which may then 10
actually due No person shall be
thorized to deduct from his credits any
Greater portion of his liabilities as secur-
iiv for others. than he believes that he is
| legally or equitably bound to pay as such
security.
MERCHANTS AND MASUFACrUREKs.
I Sec Is Every person who shall own,
/ or bold subject To his control, and person
! al property within this state. which shall
4 have been purchased with view of being
sold at an advanced price or profit, or
which shall have been consigned to him
for the purpos, of being sold, shall be
required, according to the provisions Of
, this act to make out and deliver to the
assessor a statement Of his own personal
property, he shall include i'm such state
ment the vaihe of personal property sp-
/ nertaining to his business as n merchant.
| And in estimating the value Of such pro-
pprtv he shall estim te the average value
of All such articles Of personal property
which he shall have had in his possession
or under his control during the year next
proceeding the time making such state
ment. or during the portion of said year
/ which he NAV have been engaged 1T such
business. In order to arrive at the over
are value Of such property, he shall esti-
mate the amount on hand, as Eearlv as
NAV be. in each month Of the proceeding
wear, or such part thereof rs he may have
been engaged in such business; then add
the several monthly estimates, and divide
the aggregate Lv the number Of months
he NAV have been thus engaged in busi-
ness: 7,rorided that no consignee shall rs
required TO list FOR taxation any property
consigned to him for the mere purpose of
being stored or forwarded and prorided,
further. that the word person" when
used in this and the four succeeding sec
tons, shall be held to mean and include
COMPANY firm, or corporation, rs
the sense may require.
Sec. IL Every person who shall COM
mence merchandising in anv town, city or
village in this state. after the first Mon
dav in .J6ly, in any year, and the vaiue Of
whose personal property so employed,