The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-02-28

detalled statement of each and every
piece and kind Of property, real, per-
sonal, and MIXED with each tax-pay-
er shall own on the first day of May,
together with as near as possible the
true value in money owned by him
or them or, which may be under his
or their control as agent, guardian,
administrator, or otherwise, and which
shall be the duty of said assistant as
SCISSOR to ascertain and place the ac-
tual cash value in money opposite
each piece or class of property listed
for taxation. He is hereby authorized
and empowered to administer oaths
in all cases necessary to obtain full
and correct information concerning
any taxable real and personal proper
ty in his township. In the event that
the assistant assessor has failed to
payers before the first day of June,
because the assistant assessor has
been unable to visit all taxpayers
within the township, Of in case the
assistant assessor could not find such
taxpayers, or for any other reason,
it shall be the duty of such taxpayers
to make return of such statement of
property at the home or office of the
assistant assessor on or before the
fifteenth day of June. And thereafter
the assistant assessor, upon notice
posted in five public places in his
township or given in a newspaper
published in his county, ten days be-
fore the time named, may require all
persons, delinquent in the matter OF
listing their properly or who have
failed to list their property for any
cause, to appear at the place and
times stated in such notice, and list
their property. Such notice shall be
posted or published on or before the
tenth day of June"
The township or ward assessor
must discover property not listed and
assess it. The Board of County Com
! missioners and the county assessor
shall constitute Board of Equaliza-
ton for the county and shall meet
! on the second Monday in July. They
have large power to raise or reduce
assessments as may be shown to be
necessary to have all property listed
at it's true value in money.
Tax On Banks.
In the section on bank taxation the
same provisions apply as now except
/ as is added in the black letters in this
new paragraph:
~Insolvent debts due said institu
ton may be deducted from the items
of undivided profits or surplus, ii
| items OF undivided prof S or surplus
! if itemiZed and sworn to, and forward
ed to the corporation by the cashier
of such institution, also, accrued and
/ unearned interest, unpaid taxes, an
amount not exceeding five (5) per
cent of the bills receivable of said in
stitution to cover any other bad OF
or insolvent debts, and also an amount
equal to the true value of any shares
stock owned in North Carolina cor
porations upon which the tax is PAID
by the corporation issuing sane."
Reports From Corporations.
There is no change in this except
after allowing the corporation to de
duct "therefrom the assessed value OF
all real and personal estate upon
which the corporation pays tax this
additional exemption is granted:
"And the value of the shares OF
stock legally held by such corpora
ton in other corporations incorporat
ed in this State and paying taxes or
| its capital stock in this State.'
| Snartanburg S. c.. Feb. 27.-While