Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-03-28
81 REVENUE LAW.
Full Text Of the Walsh Revenue
Law as Passed by the
Legislature.
1t Prescribes the Manner of Assess
ment, Levy and Collec-
ton of Taxes.
House Bill No. IA.

l"ATd ALL ADDxD THERETO.J
An Act Entitled IAN Act Prescribing the Mode
ct Making Assessments, and the Levy and
Relative Thereto."
stote Of NORTH Dakotg:
SECTION /. DEFINITIONS OF r USED
L THIS ACT.] The word money" or
amonies" wherever used in this act shall
be held to mean gold and silver coin. treas
ury notes, bank notes, and every deposit
which any person owning the same or
holding in trust and residing in this state
is entitled to withdraw on money or de-
mand; the term "credits," wherever used
in this act, shall be hela to mean and in
clude every claim and demand for money
or other valuable things, and every an
nuity or sum of money receivable at stated
periods, due, or to become due and all
claims n demands secured by deeds, or
mortgages due or to become due. The terms
tract" or "lot" and piece or parcel Of real
property, and "piece OF parcel of land"
wherever used in this act shall each be
held to mean any contiguous quantity of
land in the possession, owned by, or record
ed as the property Of the same claimant,
the singular number only may be extend
ed to and embrace the plural number; and
every word importing the plural may be
applied and limited to the singular num-
Der; and every word importing the mascu-
line gender only may be extended and ap-
piled to females as we'll as males; wherever
the word "oath" is used in this act, it may
'swear" in this act may be held to mean
affirm; the words "toWn' or 'district"
wherever used in this act, shall be con-
Strued to mean township, village, city or
ward, as the case may be. The term "true
and full value" wherever used in this act,
shall be construed to mean the usual SELL
ing price at the place where the property
to WHICH the term is applied shall be at the
time of the assessment, being the price at
which it could be obtained therefor at pri-
vate sale, and not at forced auction or sale.
The term "person," wherever used in this
act, shall be construed to include firm, COM
pany or corporation.
SEC. z. PROPERTY SUBJECT TO TAXA.
TONI All real and personal property in
this state, and all personal property ofper--
sons residing therein, and the property of
corporations, now existing or hereafter
created, and the property of all banks or
banking companies now existing or here
after created. except such as is hereinafter
expressly excepted, is subject to taxation;
and such property, or the value thereof,
shall be entered in the list of taxable prop
erty for that purpose, in the manner pre-
Scribed by this act; provided, that railroad
companies shall be taxed in such manner
as now is, or may be hereafter, fixed by
law.
SEC. 8. REAL PROPERTY Defined Real
property, for the purpose of taxation, shall
be construed to include the land itself,
whether laid out in town lots or otherwise,
and all buildings, structures and improve
ments Except plowing,, trees or
and all right and privileges thereto be-
longing or in any wise appertaing, and all
mines, minerals, quarrieS III and under the
anne
Sec. 4. PERSONAL PROPERTY DEFINED.)
Personal property shall, for the purpose of
taxation, be construed to include all goods,
chattels, moneys, credits and effects,
wheresoever they may be; all ships, boats
and vessels belonging to the inhabitants
of this state, whether at home or abroad,
and all capital invested therein; all moneys
at interest, whether within or without this
state, due the person to be taxed, and all
other debts due such persons; all public
stocks and securities; all stock in turn
pixies, railroads, canals and other corpora
lions, except national banks out of the
state, Ownedb by the inhabitants of this state;
all personal estate of moneyed competitions,
whether the owners thereof reside in or
out of the state, and the income of any an
nuity, unless the capital of such annuity
be taxed within the state; all shares of
stock in any bank organized, or that may
be organized, under any law of the United
States or of this state; and all improve
ments made by persons upon lands held by
them under the avs of the United States,
and all such improvements upon land, the
title of which is still vested in any railroad
company, or any other corporation whose
property is not subject to the same mode
and rule of taxation as other property.
SEC. 5. PROPERTY EXEMPT FROM TAX
ATInN All nrOparty daeorihpd IN fhjc
section to the extent herein limited shall
be exempt from taxation, that is to say:
First. All public school houses, acad-
emies, colleges, institutions and seminaries
of learning. with the books and furniture
therein, and the grounds attached to such
buildings necessary for their proper occu-
pancy, use and enjoyment, and not leased
houses used exclusively for public wor.
ship, and the lots or parts Of lots upon
which such houses are erected.
Second. All lands used exclusively fo1
burying grounds or cemeteries.
Third; Al property, whether real or
personal, belonging exclusively to the
Fourth. All buildings belonging to the
counties used for holding courts, for jails
for county Offices, with the ground, not ex.
ceed1ng in any county ten acres on which
buildings are erected.
Fifth. All lands, houses and other build.
ingS belonging to any county, township or
town used exclusively for the accommOda-
ton or support of the poor.
Sixth. All buildings belonging to insti.
buttons of purely public charity, including
public hospitals, Young Mems Christian
association buildings, together with the
land actually occupied by such institu.
tons, not leased or other wise used with q
view to profit; and all moneys and credits
appropriated solely to sustaining, and be-
longing exclusively to such institutions:
and all land owned and occupied by agri-
cultural societies, not leased or used with
a view to profit, not exceeding eighty acres
Seventh. All fire engines and other i'm.
plements used for the extinguishment OF
fires, with the buildings used exclusively
for the safe keeping thereof, and for the
meeting Of fire companies, whether belong.
ing to any town or fire company organized
therein. 4
Eighth. All public market houses, pub.
lie squares OF other public grounds, town
OF township houses. or halls used exclu-
sively for public purposes, and all works,
machinery or fixtures belonging to any
town and used exclusively for conveying
wave to such town.
Ninth. All public libraries and real and
personal property belonging to or connec.
ted with the same.
Sec. 6. LISTING OF REAL AND PER.
soNAL P%RoPERTY.l All real property in
this state subject to taxation shall be
listed and assessed every even numbered
year, with reference to its value, on the
first dav of Nav nracaedinp the asspeu.