The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-18

known" and give such description 50 that the
land or lot can be Identified and the true aud
full value thereof can be determined.
Art. 5o7s. (l6sD All property Of private
Coz poratons, except In cases where some
Other provision Is made by law, shall be as
collecting the taxes on the same all the per-
sonal property OF such corporation shall be
liable to be seized whenever the same may
be found in the county. and sold In he same
manner as property OF individuals may be
sold for taxes. All statements and lists made
by corporations that are REQUIRED 70 be sworn
nature OF the secretary OF said corporation
and II they have no secretary. the officer who
discharges the duties of secretary of said
Art. $3.50. All real propertp subject to tax
alton shall be assessed to the owners thereof
1 In the manner herein provided, but no as
sessment OF real property shall be consld-
ered illegal by reason OF the same not being
listed or assessed In the name of tho owner
or owners thereof
Art. 50si. t5oSs) All taxes both upon real
and personal property, rendered in the same
assessment, shall be Zen upon the realty
until the same shall have been paid, with the
exception OF the homestead, which shall be
!iabie only for the taxes assessed against such
homestead. And should the assessor fail to
assess any real estate, or personal property
Tor any one or more years. the lien shall uc
good for every year that he should fail to
assess for. and he may. In listing property
ior taxes for any year thereafter. assess all
the pack taxes due thereon, according to tho
provisions Of this title.
Art. o0S2. (50ST) Property held under II
, lease Tor a term OF three years or more, or
Of belonging to this State. OF that is exempt
by law from taxation in the hands of the
owner ,,I, thereof, shall be considered for all tho
purposes OF taxation as the property of tho
person SO holding the same, except as other
wise specially provided by law
Art. 5oSs, t5osSl Each separate parcel Of
real property shall be valued at its full and
true value in money, excluding the value OF
crops growing ana ungathered thereon.
q. In determining the true and full value
Of real and personal property. the assessor
shall not adopt lower or different standard
OF value because the same is to serve as a
basis for taxation, nor shall he adopt as Il
criterion of value the price for which such
property would sell at auction or forced sale
or IN the aggregate with all the property IN
lot by Itself. and at such sum or price as he
believes the same to be fairly worth in
money at the time such assessment is made
3. In valuing any real property on which
other quarry, or springs possessing medicinal
properties, the same shall be valued at such
or quarry or spring would probably sell at
a fair voluntary sale for cash.
!; Taxable leasehold estates shall be val
ued at such n price as they would bring at a
fair voluntary sale for cash.
B.. Personal property of every description
shall be valued at Its true and full value in
money.
6. Money, whether in possession or de-
post, or in the hands of any member of tns
family OF any other person whatsoever, IN
or out OF the State, shall be entered in the
statement at the full amount thereof.
Z. Every credit for sum certain, payable
either in money or property of any kind. shall
be valued at the full value of the same so
payable. II for specified article or for a
specified number or quantity of property or
any kind, IL shall be valued at the current
price OF such property at the place where
payable. Annuities or moneys payable at
stared periods shall be valued at the price
that the person listing the same believes Them
TO pu worth in money.
Art. b0s4. (50SSa) Circulating notes of Ma
tional banking associations and United States
legal tender notes and other notes and GER
tifcates of the United States, payable on de-
mand and circulating or INTENDED to circa-
late as currency. and gold. silver and other
CON shall be subject TO taxation as money
on hand or on deposit, under the laws Of this
State.
Art. 5oS5 GOSSIP The assessor of taxes
shall assess the same in the same manner as
money on hand or on deposit or other per-
sonal property. as provided for In the gem
eral assessment laws OF this State
Art. 50S6. All taxes upon personal property
shall be first lien upon such property un-
til the same is paid, and said lien shall at
tach to and follow all personal property in
whomsoever's hands found on which the
taxes due for any year or years has not been
paid Personal property exempt from forced
sale. under the Constitution, shall be liable
tonly for the taxes due upon such property.