, 1873-12-09

,,I THE REVENUE LAW.
The stetuto Of 1872 tn Sec: y roads follows
eotscd aud taxed except 30 much thereof may be In
ftrstAjl real and personal property in this State.
S<cond-AH moneys, credits, bontia or stocks, mud
other Investments the sharos Of stock Of incorporated
computes and associaonn, and all other peraonal
ihs sste used hsid, owned, or controlled By rersona
restdiAs in this state.
banking companies doing business IN this Stasa."
MAssER or AasEas1na CAPITAL srock,
Sec. 3 Specifics The rules Which nro TO govern
vnluing prraonai property and thc fourth cla,so ta
associations hereafter created under the laws
ot this 8tao shall he 20 valued by tho State Board Of
Equalization to Ascertain and determine respectively
tho atr caah vaua Of such capital stock, including tho
franchise, aud Aboye tho assessed value OF lo
tsng'bla property of auch comrnny association.
for aseertaiung tho fatr cash value Of such capal
stock NJ to It may seem equitable aud jnst; and
such rules and principles, when 80 adopted not IN:
tho sale atfoct as contained In this act, subject,
however, 10 such change. alteration, or amendment as
rai1 board; provided, that, in iii cases whers tlo
tangible property capital stock Of any company or
ASSOCIATION is assessed uner this ac the sares Of
uot DO asscssed or taxed In this stato."
WHAT is nEoulnEp OF JOINT srook coMPAs1Es.
arc required 10 list. giving the name and iocaton of
aud the number Of shares into which It j divided. tho
sinek or thny nya no .narkat.yaluc sn Ihcir act
usl Ynl,,a the nount Of n jntistedneas eYrcut for
cnrrct ~ uenscs and tho nssrasc valuation n H.
t.,rfhe nrnncriv gnr st n IN he fciivcrci - Tho AZ
srssnr ali IL to Ia rctnrnn1 IN fha fanny cinr
a,,d h, lin t. ha f,rrsr,"J n t,s Htafs na3rl y
thn c1mnarv faiis 10 ,unkn sh Ist It Is 1nn1n tho
inSor,noon o ca5, atn,n nmd ,ylen NJ Inne It is ~
i,a "a I'm Coutv c'terk af Statn HOWL ns
meutjoucd aboye. By Sec. ii. every nerson ow1,tna
ar usfna u franchise prnnted by INV law Of this
Sfate. Emil. IN niition 10 his n;tcr nronertv
iisf fhn rnme M nertnnnl property uivi,9 liz
tn,n1 r,,e thnrcof Uy Eec 1D3 It Ia nrovidc3 tint
tIo snie Bor sa]I assess iao caitnl stork Of eacn
s o ag e s tas s
ner abUye ypccicd und TINT such aHseasmonts arc to
u, oxte,,ded by thv County Oierk md fhg tasos co
fnetrI nno1 lin umn fw Ill nrnoscy the aamp IL
~, evfed m nti,er nrouerty
IN TIE LAw coNsr.yur1osA17
11ncr t1,ts aw I'm sn,n lsmrS artcI in Tim cnae c
form in. rhey assssscI the canitnl atnck
rash yaimc. 1educted tbcrsfrn ibo ~ esRen, nj
yaluo Of thu real ar persoun property al forwarded
thrp. nssc.nmrun to Inn Cuunty CLERK who in unw
about to extend tho taxes l,po tlfs baAis accordnu 10
tLn satuto rlo impurtutit question ii, this ouso H.
wbolor or not tlte method ad principle Of assess.
fnrul Urcscrined Nv thp stnue ata followed by lin
Noara, ID yalia9
Assgsskp.
On tho part Of The complainant It Is claimed tint tho
capta stocs Ut tho Company urs not belong to llu Com.
rany, hut to tun surhha!ers tat 1t IL in no sense
the property Of Tho Cnnray, hut tho 1rorcry Of the
persons WHO tho aavera sharca aid that in every
esrest of Tug case, IT. would 10 unjust for tho State to