The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-02-25

to cotton and other farm products. or
manufactured goods, consigned or
stored in any other county or State
than that in which the owner resides.
The residence of a person who has
two or more places in which he occa-
sionally dwells shall be that in which
he dwells for the longest period of
time during the year preceding the
first of June. The place where the
principal office in this State is sit
uated shall be deemed the residence
of the corporation, but If there be no
principal office in the State, then such
property shall be listed and taxed at
any place In the State where the corr
pOration transacts business.
For purposes of assessing property
and collecting taxes q partnership
shall be treated as an individual and
property shall be listed in the name
of the firm. A co-partnership shall
be deemed to reside in the township.
town or city where its business is
principally carried on. Each partner
shall be liable for the whole tax.
And any taxpayer who falls to list
any personal property or poll liable
to taxation in this State shall be guilty
of q misdemeanor.
Section 37-requiring the Auditor to
certify to registers of deeds the total
value of capital stock of corporations
associations, etc.--is changed so as
TO require the information to be cer-
titled to the counties on or before the
18th day of August in each year.
Section 4S-directing the ASSESS
ment of the property of certain COR
porations by the Corporation Com
missions amended as follows:
THE Corporation Commission shall
also assess the value for taxation of
all real estate, structures, machinery
and appliances OF telephone and tele-
graph companies within the State SUBJ
ject to local taxation, and this assess
n1ent shall be certified by the commits
sion to the localities in which the
property is situated.
Section 55--prescribing the manner
of the Corporation Commission ascer-
tanning the taxable value of Intangible
franchiSes--iS changed so as TO make
the cerri6catioa by the commission to
the counties be sent by the 10Th of
August in each year.
Section &c as to property exempt
from taxation now includes the fol-
lowing:
U) Real estate directly or indi-
rectly owned by the United States, or
this State. however held, and real es-
tate lawfully owned and held by coun-
ties. cities towns Or school districts,
used wholly and exclusively for public
and school purposes, and all other
property used exclusively for educa-
t!onal purposes.
CD Such property as may be set
apart for graveyards or burial lots,
except such as is held for the purpose
OF specializing in The sale thereof.
CD Buildings with the land they
actually occupy, lawfully owned and
held by churches or religious bodies.
and wholly and exclusively used for re-
ligious worship or for the residence
of the minister to any such church or
religious body, together with the addi-
tional adjacent land reasonably me-
ceSsary for the convenient use of any
such buildings.
() Buildings with the land they
actually occupy, wholly devoted to ed
ucational purposes. belonging to and
actually and exclusively occupied and
used by churches, public libraries. in
C0rporated colleges, academies, indus
trial schols, seminaries or other COR
porate institutions of learning, which
are not corporations having shares of
stock or otherwise owned by individ-
u2ls, or other corporations, together
with such additional adjacent land
owned by said churches, libraries and
educational institutions, as may be
reasonably necessary for the convenient
Use Ol SucII TcSpcCtifCtyb anu
also the buildings thereon used as
residences by the officers or instructors
of such educational institution; Pro-
vided, that such libraries and euca-
uonal Institutions are not conducted
for profit of any person Or persons,
natural or corporate, directly or under
any guise or pretense whatsoever.
(5) Real estate belonging to and
actually and exclusively occupied and
used by Young Mems Christian Assoc
Citations and other similar religious as.
sociations. orphan or, other asylums
reformatories, hospitals and hummer
les which are not conducted for profit
but purely and completely as charities.
CO.. Buildings with the land they
actually occupy belonging to any be-
nevolent or charitable association and
used exclusively for lodge purposes or
meeting rooms by such association, to-
eether with such additional adjacent
land as may be necessary for the con.
venient use of the buildings for such
purposes and also when proceeds and
profits arising from rents, leases, and
cts. when such. rents and profits are
used exclusively for charitable and be,
hevolent purposes.
ca The property of Indians who
are not citizens, except lands held by
them by purchase.
Personal property OF the nation.
State and associations named is also
exempt and also wearing apparel, pri-
vate libraries, kitchen and other house.
hold furniture, not exceeding in value
twenty-five dollars, and also growing
crops.
NTIs. r.. III. BUSBEE IGNTERTAINS.
The LAWYERS Of The General Assembly
NEao4 ft..a V.,slaac a fhsA