Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1881-03-16
NOn.Taxahle PrOpertY.

The following property Is exempt from taxation:
/. Real and personal estate owned by the state
or the United States.
@ Real and personal estate granted, sequest-
cred or used for public, pious or charitable uses;
Lands BY towns 1eT v
OF other public schools or leased for the support
Of the gospel. (But private buildings on such
lands are not exempt, neither are town poor
farms; nor does this provision exempt from tax
alton realestate owned by railroad corporations.
See laws Of 1880, No. 81.
g. Buildings erected by the trustees of a nor
NAL school, or by their agent, and accepted rs a
boarding house for pupils in the school, 80 long as
such buildings are devoted to the exclusive inter-
ests Of said school,
4. Any building, or building and real estate
attached, owned by a post Of the Grand Army of
the Republic and used for the purposes OF the
post only.
g. Lands used for cemetery purposes and the
structures thereon trust funds and other property
belonging to or held by cemetery associations,
and the lots Of the proprietors thereof.
MANUFACTURING ESTABLISHMENTS, MINES AND
QUARRIEs.
G. Manufacturing establishments and the ma
chinery and capital used for operating them also
the "machinery put into unoccuped buildings
and the capital used for operating it, where the
amount Of capital invested is more than 81 600,
are exempt from taxation for a period OF five
years from the time OF commencing to operate the
same; and may be exempted for further period
OF five years IL the town In which the manufacture
ing establishment is situated so votes.
7. Quarries and mines opened since November
10, 1880, have the same exemption. See Laws OF
1880, Act No. 128.
STOCKS AND BONDS
OF these the following are exempt from taxation
In this state;
g. United States bonds and other securities
tab ananiallv avn ptf rom Tn Yatiau nv the
laws Of the United States.
o. Stock in the railroad corporations OF this
state.
TO- Stock In corporations situated out OF tn q
state when such stock is taxed to the corporation
in the state where 1t is situated.
DEPOSITS IN SAVINGS BANKS.
H. Deposits in a savings bank, savings institu-
ton or trust company, are exempt from taxation
to the depositors when such savings bank, saw
ings institution, or trust company, pays the state
tax OF one-half Of one per cent its deposits re-
quired by Act No. 8 OF the laws OF 1878.
OTHER PERSONAL PROPERTY
10. Personal estate owned by inhabitants Of
this state which Is situated and taxed In another
state is exempt; also:
10. Household furniture to the value Of $500
IA. Wearing apparel.
10. Private and professional libraries.
49, Mechanics tools
II. Farmers tools, including carts, wagons, and
other vehicles mot exceeding 500 In value fol
any one vehiclel, necessary to carry on the farm
Is Provisions necessary for the consumption
OF the family Of person for one year.
10. Sheep, cattle horses and swine that have
not been wintered one winter. construed by the
| legislature to mean such animals as were not In
existence at the beginning OF the preceding
winter.
20 Hay and produce enough to winter out the
| stock.
81. For each person, whether farmer or not
one wagon, one sleigh, and harness for using the
same, provided that the value OF such wagon OF
sleigh does not exceed 500.