The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1890-04-04
THE REVENUE LAW.

Il
Money is cash Of any kind, O
deposit due in money on demand
"Credits," includes every claim OF
demand for money or other valua
bic thing. or mortgages due or t,
become due. "True and full va
lue," means the usual selling pric,
at private and not at forced o,
auction sale.
Sec. 2. All real and persona
property in the state, and all per
sonal property of persons residin,
therein. except such as is express
ly excepted, is subject to taxation
SEC. 3, Defines real property.
SEC. 4, Defines personal proper
ty.
SEC. s, Exempts from taxatio,
institutions Of learning, churches
cemeteries, property of U. S., state
county, or town, buildings of pure
~ charitable nature, moneys and
credits belonging to such institu
tions, ETC., etc.
SEC. 8. All real property shall be
listed and assessed every even
numbered year. ON the first. day Of
May. and any land becoming taxa
bic at any intervening year, shall
be assessed as to its value on May
first of that year.
SEC. Z, Every person shall list all
his own personal property. He
shall list in the name of the party
for whom he is agent, guardian
ETC., all their personal property.
Personal property assessed with
with reference to its ownership
and value on the first day of May.
SEC. s, Personal property shall
be listed and assessed in the coun.
ty town or the district where the
owner or agent resides, except as
otherwise provided.
SECS. 8, 10, IL, Directs where
steamboat, stage, telegraph, etc.
companies, shall be assessed.
Sec. -, Non residents farm
property, where listed. Where the
owner Olive stock or other person.
al property connected with farm
does not reside thereon, the same
shall be listed and assessed in the
town or district where the farm is
situated.
SEC, ID, Mover to be assessed
where found, from May to July,
unless that he is held for taxes
elsewhere.
Sec. IA, County board decides
when there is doubt as to the place
to be assessed.
Sec. Is. Every person shall veri-
fy his statement by an oath when
required by an assessor.
SEC. 16, The assessor shall fix
The value, and the whole state.
ment shall show the number and
ralue of the different classes of
property.
Sec. II, Assessor may examine
under oath, and upon a refusal to
swear, assesses according to his
Judgment.
Sec. 18, In listing "credits,"
from the gross amount, there may
be deducted the total amount of
Indebtedness. Every person claim.
ing such deductions must give a
sworn list of his book accounts
and amount of notes due him, and
vice versa. And provided, that
any person, in making up the
Of personal property re.
CURED to be listed, shall he allow
I'd to deduct from the gross amount
thereof, any indebtedness of him.
'elf, if the same be owned or held
within the state. Grain held by
The producer, but actually sold,
shall be listed as credit.
SEC. 10, Notes to insurance com.
panies, unpaid subscriptions for
stock, ETC., are not to be deducted.
Deductions must be sworn to in
all cases. Fine 500 to 81, 600 for
frand.
Sec. 20, Merchant defined. Any
person having goods to sell with a
view to profit, is a merchant.
\ ~ p, A manufacturer is one
knthe value afg6ods by
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