The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-10

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buttons; and all lands owned and occu-
pied by agricultural societies, not leased
or used with view to profit, not ex-
ceeding eighty acres.
seventh-All public Libraries, and real
and personal property belonging to or
connected with the same.
Eighth-The personal property Of each
individual liable to assessment and tax
alton under the provisions Of this act Of
which such individual is the actual and
bonafde owner to an amount not exceed
ing twenty-five dollars in value; Pro-
ytded, that each person shall list all of
his. personal property for taxation, and
the county auditor shall deduct the amount
Of the exemption authorized by this Sec
ton from the total amount Of his assess
ment and levy taxes upon the remainder.
TITLE II.
Definitions.
Sec. 3-Land. Real Estate and Real
Property.-The terms land. real estate,
and real property, as used in this act, shall
be construed to include the land itself,
above and under water, all buildings,
structures, substructures and superstruc-
lures, and improvements erected upon, UNI
der or above. or affixed to the same, and
all rights and privileges thereto belong
ing or In auywise appertaining, and all
mines, minerals, quarries, fossils and
trees in, under or upon the same
Sec. 4.-Persona1 Property Defned-Per-
sonal property shall, for the purposes of
taxation be construed to- include:
ALI moneys.
ALL royalties and annuities, unless
the capital of such annuity be taxed with
in this state; and all franchises.
3.-All goods chattelss credits and ef
feots within this state.
4. All goods, chattels and effects be-
longing to inhabitants OF this state, sit
uate without this state.
S. All ships, boats and vessels, and
their appurtenances, belonging to inhabi-
tants of this state, whether at home or
abroad, and all capital invested therein.
6. All credits of every kind belonging
to Inhabitants Of this state, over and
above the amounts respectively owed by
them.
T. All shares in corporations organized
under the laws Of this state, when the
property of such corporation Is not ex-
empt, or is not taxable to the corpora
ton.
8. All shares in banks organized within
this state, under the laws of this state or
Of the United States, and in trust COM
panies at their cash value after deduct
ing the assessed value Of real property
owned and assessed to such banks or trust
companies. :
9. All shares in foreign corporations,
except national banks owned by citizens
of this state. 5 :s a..
TO-. All improvements upon and inter
ests owned by individuals in lands, the
fee of which is in the United States, or
any city, county, township or school dis
trict of this state, and all such improve
ments upon lands the title to 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.
II. All nursery stock and trees while
growing on any land, or In preparation
for replanting or sale, or In transit.
u. All produce, seeds and grain on
hand within this state, whether in gran
| airy, mill. warehouse or otherwise. Or IN
| transit. AZ ..s.
| 13. All mains, pipes, 7conduits or sub
| ways laid in any road, street or alley all
| tracks, roads and bridges of every street
railway company, together with all its
| poles erected and wires laida suspended
in, upon, or over the same; all poles and
| wires laid or suspended In, upon, or on
any road. street or alley by any other
company or person. 49,,
a. All personal property not hereir
enumerated and not expressly exempt by
, law. 4--
| Sec 5. = Money Defined - The term
this act. shall be held to mean gold and
| silver coin. treasury notes, bank notes
and every deposit which any person own
ing the same, or holding in trust and re-
siding in this state. Is entitled to with
draw in money on demand.
Sec. Credits Defned-The term
Credits" whenever used in this act, shall
be held to mean and include every claim
and demand for money or other valuable
thing, and every annuity or sum of money
receivable at stated periods due or to be-
come due, and all claims and demands Sc
cured by deed, contract, or mortgage due
or to become due.
| Sec Tract or Lot, Etc, Defned-The
terms tract" lot" piece or parcel Of
real property" and '.piece or parcel OF
land" whenever used in this act, shall
each be held to mean any contiguous
quantity of land in the possession of,
owned by, or recorded as the property of,
the same claimant, person or company.
| Sec. ,S.-Singular and Plural Number
Gender -Person-Every word importing
the singular number only may be extend
ed to and embrace the plural number; and
every word importing the plural number
may be applied and limited to the singular
| number; and every word importing the
masculine. gender only, may be extended
and applied to females as we'll as males
The term person. whenever used in this
act, shall be construed to include firm
company, or corporation.
| Sec. 9.-Oath-Wherever the word
'foath" is used in this act it may be held
1,"swear," used in this act. may be held
to mean affirm
| Sec. 1O.-Town. or District-The words
| town or district" wherever used in
this act, shall be construed to mean
county, township, village. city or ward, as
| the case may be.
terms value "cash value" .true val
| lie" valuation" or ''true and full val
| ue," wherever used in this act, shall be
! held to mean the usual selling price at the
place where the property to which the
term Is applied shall be at the time of as
sessment, being the price which could be
obtained therefor at private sale. and not
at forced or auction sale.
| Sec. 12.-Consignee.-Any person. firm
company or corporation to whom any per.
sonal property Of another Is consigned
shipped, or otherwise transmitted. or will
whom any such property is stored or b,
whom 1t Is held for sale, or to be for
warded. shall. for the purpose Of this act
| be deemed to be a consignee.
Sec. observation-disclosures owns OF
has In his possession, or subject to his
control. any personal property within thf:
1 which has been purchased either in or ou
which has ben purchased either In or ou
Of this state with view to being solo
at an advanced price or profit, or which
has been consigned to him from an,
place out Of this state for the purpose O
being sold at any place within this state
shall be held to be merchant.
| Sec. 14.-Manufacturer.-W pur.
| chases, receives or holds personal prop
erty OF any description, for the purpose
OF adding to the value thereof by an!