The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1874-05-20
Laws of South Carolina.

Laws Oh SOuCu CdTOl1ud
PASSED AT THE SESSION OF TIL
GENERAL ASSEMBLY, 1873, 1874.
:. An Act to reduce all acts and parts o
acts providing for the assessmen
and taxation of property into on
, act, and to amend the same.
Be it enacted by the Senate ant
| House of Representatives of th'
Estate of South Carolina, now me
land sitting in General Assembly
land by the authority of the same:
Section l. That oil real and per
sonal property In this State, and per
sonal property of residents of thit
State. which may be kept or used
temporarily out of this State, with
the intention of bringing the same
into the State, or which has been sent
out Of the State for sale and not yet
sold; all moneys, credits, investments
in bonds, stocks, joint stock compa.
nies, or otherwise. of parties resident
in this State, shall be subject to taxa
alton.
Sec. 2 Every person shall be liable
to pay taxes and assessments on the
real estate of which he or she may
stand seized for life, by courtesy, in
dover, .as husband in right of his
wife. or may have the care of, az
guardian, executor OF trustee.
Sec. 3. All executors, administra'
tors, guardians, trustees, receivers,
officers, husbands, fathers, mothers,
agents or factors shall be personally
liable for the taxes on oil personal
property which they are required, re.
spectively, to list for taxation by the
provisions of this act, and which was
in their possession at the time when
the return thereof for taxation shall
have been made by themselves or the
county auditors, and may retain in
their hands a sufficient amouHt of the
property, or proceeds theueof, to pay
such taxes for the entire year; and
the county treasurer may collect such
taxes by any and all the means pro-
vided by this act, either Of the princi-
pal or beneficiary, or of the person so
acting as executor, administrator,
guardian, trustee, husband, father,
mother, agent or factor, receiver or
officer. T.. ..-
Sec. 4. The phrase areal property" !"
as used in this act, shall be hold to
mean and include not only land, city,
town and village lots, but all things
therein contained, and all structures
and 'other things 80 annexed 'or at
tached thereto as to pass to the ven-
dee by the conveyance Of the Hand or
lot. The phrase personal property" ="
as used IN this act, shall be held to
mean and include all things, other
than real estate, which have any pc.
ouniary value, any moneys, credits,
Investment in bonds, stocks, joint
stock companies, or otherwise. The
term "moneys or money" as used in
this act, shall be held to mean and in,
clude gold, silver and other coin, bank
bills and other bills or notes, author.
'ized to be circulated as money, wheth.
er in possession or,on deposit subject
Ito the draft of the depositor or person
Having the beneficial interest therein
ON demand. The term "credits," used
lin this act, shall be held to mean the
remainder due, or to become due, to
o party after deducting from the
amount of all legal debts and demands
against him, whether such demands
be payable in money, labor or other
valuable things. But, in ascertaining
such remainder, no deduction shall be
made of any obligation to any mutual
insurance company, given for insu'
rance, nor of any subscription to the
capital stock Of any joint stock com.
pany, nor Of any taxes assessed
against the party, nor Of any sub
scrption to any religious, scientific,
literary or charitable purpose, nor o.
any acknowledgement Of liability
not founded on legal and valuable
consideration, nor any moro Of any
1 joint liability with others than The
party honestly believes he will bt
compelled tc t Fay, nor any contingent
LIABILITY, nor Of any acknowledgment
of debt or liability made for the pur
pose of diminishing the amount o
credit to be returned for taxation
The phrase "investment in bonds" a
used in this act, shall be held to meal
all investments Of money or means II
> bonds of whatsoever kind, whethe
issued by the Government of tn
l United States, or of this or any othe
State or Territory of the Unite
Estates, or of any foreign government
| or any county, city, town or othe
municipality, or by any corporatio
or company Of this or any other Stat
or country. The phrase "investmen
| in stocks" as used in this act, sha
d! be held to mean and include all il
vestments of money or means in th
evidences of Indebtedness, other tha
r bonds or bills designed to circulate
q q money, issued by any governmer