Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-13


the capital stock OF any corporation, association or
JOINT stock company not having its principal place
Of business in this State, and deposits OF money,
gold dus. other vaiuables, and the names of The
persons with whom such deposits aFe made, and the
places in which they may be found, all mortgages
deeds OF trust contracts aud other obligations by
which a debt is secured and the property in the
cnuntY affected thereby. e. All solvent credits un
secured BY deed OF trust, mortgage or other lien on
real or personal property due or owing to such per
SON. or any firm OF which he is member, or due or
owing to any corporation of which he IS President
Secretary, CIshier, Managing Agent, dedactinc
from the total OF such credits such debts only
unsecured by trust deed, mortgage, or-oshsr Hen
on real personal property, as may be owing by
such person, firm corporation to bona ide resi-
dents OF this State. No debt shall be sodedue.ed
unless the statement shows the amount OF sueh
debt as stated under oath in aggregate provided
in Of bank, the statement is not required 10
show the debt in detail 10 whom it is owing, but
the Assessor shall have The privilege Of examining
| the books OF such banks to verify said statement
| Whenever one member of firm, or one Of the
proper officers OF corporation, has made state
ment showing the property OF the firm or corpora
ton, another menber OF the firm, or another ofccr,
need not include such property in the statement
made by him, but his statement must show the
name OF the person or officer who made the state
ment in which such property is included.
FORMS OF sTATEMENTs-AF
Section g. Section $3.50 of said Code is hereby
amended so as to read follows: 1880 The
Board of Supervisors must furnish the Assessor
with 81 blank forms of the statements provided for
in the preceding section axng thereto affidavit,
which is substantially as follows: 81, - -, do
swear that am resident of the county Of (naming
it, that the above list contains full and correct
statement of all property subject to taxation which
L or any firm Of which am member any cor
poration, association or company OF which ana
President, Cashier, Secretary Managing Agent,
owned, clamt d. possessed or controlled at12 o'clock
NJ. on the first Monday March last, and which is
not already assessed this year, and that have not,
in any whatsoever, transferred or disposed
OF any property, placed any property out OF said
county my possession for the purpose OF avoiding
any assessment upon the same, or of making this
statement; and that the debts therein stated as
ewing by me are owing bona ide residents OF this
State, or to firms or corporations doing business in
this State" The affidavit to the statement on be-
half OF the firm corporation, must state the prn
oipai place OF business of the firm corporation.
and in other respects must conform substantially to
the preceding form.
! IN CASE OF NoN-REcEIPT OF STATEMENT.
| Section T. Section 1884 OF said de is hereby
amended so as to read as follows 1864. When the
Assessor has not received fr.m the owner of tract
of land the statement required by Section 3629 or
when such statement does not sufficiently describes
tract of land to enable the Assessor TO assess the
same as required by law, and the or his agent
or in case they cannot be found unknown,
the person in possession thereof negects, for ten
days after demand by the Assessor to furnish SAID
Assessor with such description the Assessor shall
cite such owner, agent, person in possession,
| to appear before the Superior Court of the county
wherein such land is situated, within five days after
service of such citation; and the said Superior
Court SHALL upon the day named in such citation to
the exclusion OF all other business proceed to hear
the return and answer of the said owner or agent,
person in possession, to the said citation, and il
the Court shall find that the land has not been
veyed or divided into subdivisions of $40
less that each part parcel may be described by
metes and bounds then the Court SHALL by order duly
entered in open Court, direct the County Surveyor
! to make a survey and define the boundaries ani
location of said land by parcels subdivisions not
exceeding $40 each, and deliver the to
the County Assessor. The expense OF making such
survey and description by the County Surveyor
shall be lien upon the land, and shall, when ap-
proved by the said Superior Court, be certified by
said Court the Tax Collector of the county where
the land is situated and be added to the upon
said land, and be collected as other taxes are col
leeted.
| CAPITAL STOCK.
Section s. Section 3640 of said Code is hereby
amended so as to read as follows: 364O. Each per-
son. firm or corpo. alton, owning or having in his or
its possession any of the shares of the capital stock
of any corporation, association joint stock COM
pany shall be assessed therefor. If the corpora
ton, association or joint stock company, has its
principal place OF business in this State, the assess
able value of each share of its stock shall be
tanned by taking from the market value Of its entire
capital stock the value of all property assessed to it.
and dividing the remainder by the entire number OF
shares into which its capital stock is divided The
owner or holder of capital stock in corporations,
sociations and joint stock companies, whose prin-
cipal place of business is not within the State, must
be individual ly assessed for such stock. Share
holders in the statement required by Section 3629 of
this Code, shall specify the number of shares of
stock held by them and the name of the corpora
tion. The owner Of shares of stock TO be entitled
! to the deduction provided for in this section must
produce to the Assessor certificate of the assess
ment of the property of the corporation, associa-
ton or joint stock company.
FERRIES.
/ Section o. Section 3643 Of said Code is hereby
amended SO as to read as follows: 3643. Where fer
ries connect more than one county, the wharves,
storehouses, and all stationary property belonging
to or connected with such ferries be assessed
and taxes paid in the county where located The
value of the franchise and craft, and OF toll
bridges connecting more than one county, must be
assessed in equal proportions in the counties con-
nected by such ferries or toll bridges.
ASSESSMENT BOOK.
Section 10. Section $3.50 of said Code is hereby
amended SO as to read as fellows 1850. The As
sessor prepare assessment book, with appro-
pirate headings, alphabetically arranged, unless
otherwise directed by the State Board of Equaliza
ton, in which must be listed all property within the
county, and in which must be specified in separate
columns, under the appropriate head l. The name
of the person to whom the property Is assessed
q Land by township, range, section. Or fractional
section and when such land is not congressional
division subdivision, by metes and bounds, or
other description sufficient to identify it, giving
estimate of the number Of acres, not exceeding in
each and every tract more than 64o acres, locality,
and the improvements thereon. When any tract of
land is situate in two more school, road, or other
revenue districts Of the county, the part in each
township or district must be separately assessed
together with the improvements thereon. 9. City
and town lots, unimproved and similarly situated
shall be assessed at the value, naming the city
or town, and the nun- Der Of the lot and block
cording to the system OF numbering in such city
town, and improvements thereon. 4. All personal
property showing the number, kind, amount aud
quality but failure to enumerate in detail such
personal property does not invalidate the assess