The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-12-06
make !. true valuation Of all the lands,

l16 Ac y tIOc v34uAAlOu VA Oil eAO AohNos \
together with the improvements and
buildings thereon or affixed thereto,
It their full, fair cash value. the same
being the price which could be obtain
ed therefor at private sale, taking into !
the fertility and quality
of the soil, and all advantages of stu
alton. Said Assessor shall also value
all lands at their cash value,
taking into consideration any
that may be made there
on, and this valuation, as well as the
with Improvements, shall be
set down in a proper column to be left
for that purpose. ln-lots and out-lots,
with the improvements thereon or
affixed thereto, shall be valued at their
true and full cash value as aforesaid,
taking into consideration all the local
to be valued upon actual
view of the premises.
Sec. q. The Assessor shall at the
time Of making the assessment and
taking the list required by the preced-
ing section of this ordinance, inform
the owner or owners, his, her, or their
agent or representative, it residing
within the city, or shall leave a mem.
orandum, containing description and
value of each tract. lot or parcel of
land, at his, her or their place of resi-
dence, containing the amount at which
his, her or their real estate has been
assessed respectively.
Sec. "a. Unoccupied lands shall be
listed in the name of the owner, il
known, otherwise as lands Of persons
unknown"
Sec p. In cases of mortgaged real
estate the mortgagor shall, Tor the
purpose of taxation. be deemed the
owner until the mortgage shall have
taken possession of the mortgaged
premises, after which the mortgage
shall be deemed the owner.
Sec. rs. The undivided real estate
of any deceased person may be listed
to the heirs or devisees of such person
without designating any of the heirs
or devisees ny name until they shall
have given notice to the City Clerk
of the division of the same, and the
names of the several heirs or devisees
and the proportions allotted to each,
and each heir or devisee shall be LA
bic for the whole of such tax, and
shall have a right to recover of the
other heirs or devisees their respective
proportions thereof when paid by him.
Sec. q. Lands occupied by any per-
son not the owner thereof, shall be
listed in the name Of the owner. if
known, otherwise in the name of the
occupant; and for the taxes, if paid by
such occupant, he shall have his ac-
ton against the owner.
Sec. q. Real property shall be val
ued as follows:
First. Each tract or lot of real
property shall be valued at it's fair
cash value, estimated at the price it
would bring at a fair, voluntary sale.
Second. Taxable leasehold estates
shall be valued at such a price as they
would bring at a fair, voluntary sale
for cash.
Third. When a building or struc-
ture is located on the right of way of
any canal, railroad or other company
leased or granted for term of years
to another, the same shall be valued
at such a price as such building or
structure and lease or grant would
sell for at fair. voluntary sale for
cash.
Fourth. In valuing any real prop
erty on which there is a gravel or
other mine, or stone or other quarry,
the same shall be valued at such a
price as such property, including the
mine or quarry, would sell for at a fair
voluntary sale for cash.
Sec. %. Personal property shall be
listed between the first day Of Janu-
airy and the first day Of june each
year, when required by the Assessor
and with reference to the quantity
held or owned ON the first day of Jan.
uary in the year for WHICH the proper.
| ty is required to be listed.
Sec. 30. Every person required by this
taxation, shall, when called upon, al
herein provided, forthwith make a
full and true statement, in writing, tc
the Assessor, in which shall be dis
| tinctly set forth a correct description
of all the personal property of which
such person was, on the first day Of
January Of the current year, the own
er or holder as guardian, parent, hus
band or trustee, executor, receiver
accounting officer, partner, agent OF
factor; and also all moneys and credit.
owned or held as aforesaid; and it shall
be the duty of the Assessor to deter
mine and fix the fair cash value of al
items of personal property, such casl
value being the market or usual sell
ing price at private sale at the place
where the property shall be at tn
time of its liability to assessment
Provided, that where the property i
of character such that tie Assesso
cannot examine it, nor estimate it
value, or where it is not practicable O
convenient for the Assessor to exam
inc or value it, the party listing sucl
property shall state the value thereof
I at the request Of the Assessor. Tn
Assessor shall, between the first da
Of January and the first day Of june
in each year, call upon every perso
required to list property for taxation
and take list of the taxable persona
property in this city, and assess tn
value thereof in the manner herei
provided.
Sec. 81. Personal property shall b
valued as follows:
First. All personal property, ex
cept as herein otherwise directed, sha
: be valued at its fair cash value.
Second. Every credit, for a SUI,
certain, payable either in money Q
labor, shall be valued at fair cas-
value for the sum SO payable; if fo
!. any article of property. or for labo
or services of any kind, it shall b
valued at the current price Of sue
, property, labor or service.
! Third. Annuities and royaltie
: shall be valued at their then preser
J total value.
Sec. 81. All property of private col
porations, except in the cases whel
some other provision is made by Law
. shall be assessed in the name Of til
corporation, and in collecting the sam
all the personal property of such co
| ,,oro<:Du chon Ii 1,oh1o e., h