The log cabin Democrat. [volume] (Conway, Ark.) 1901-1982, 1912-06-20

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6. The assessed value of all real es-
tate owned by the company.
I The value Of all tangible person al F
property owned by the company and -
sessed under either section 1s. 1S. "a.
81, or % hereof.
The sum of items four and five. less
the sum of items six and seven. shall
he held to be the value of the intan
rihle property of the corporation and
shall he listed and assessed by the cor
pora tion as a~nnt for its srn ~eho'1n~s'
under the heading Intangible Prop
ertY"
Section 81. The corporations required
TO make the return p~nvi1e1 for in section
80 of this Act shall list and assess their
tangible property. real and personal
on tie proper form as provided by SEE
TORS. rs. rs. 10. q. and 90 hereof. Thu.
return prescribed by section 30 hereas
is REQUIRED in addition TO the re@u'ar
lists provided by this Act. and its PR
pose is to secure the assessment of the
irtaneihle property belonging TO the
section 80 Each of the statements
requt~ed by sections 16. II, Is, 10. %.
q. %. %. 81. % and 30 of this set
must he subscribed and sworn to by thf
person rnaking and filing same Sail
oath shall be in the following form
T Observation-Disclosures. do solernI
swear Cor affirm) that the list Of prod
e~tv as now rendered by me conta n
al the personal propertv which I AIR
nv lav REQUIRED to list for taxation for
myself Cor ,;
that Zach answer made hv me in said
statement Is in every respect true: that
7 have valued each item of property at
its true and fu1l value IN monev, and
that in fixing the value of said prope~tv
have not taken same a an amount
below it's true and full value in money
hecarse Of the fact that was assess
ing said property for taxation"
Section SO. Except NAV be bv
this Act otherwise provided all prop-
ertv- shall be listed and valued as on
the first dav of February in the year
| in which same is assessed. and the trars-
for or sale Of any taxable property SUB
senuent to the first day OF February
shall, not authorize any person to omit
the 50 from any list. although such
list shall not be made until after the
sole or transfer of such propertv, hut
all such property shall be 1'ste1 for
| tavatiOn in the same manner as If M
| sale or transfer thereof hal been male
| Put where bonds of tie United States
| have been purchased bv any individual
| or firm during the year prior to the
| first day of February and such fndi-
! vidual or firm is claiming exemptiou,
| because Of such bonds. where property
! is REQUIRED TO be listed as Of that dav
| the value of such bonds in money SHALL
! he divided by twelve and the uuotient
! shall be muItirlied by the number or
| months fractional parts Of mo- tbs
rerrainine after deducting the timA
! which said bonds were owned and such
product shall be listed as money on.
hard on the first day of February.
Section "a Except as in this Act
| otherwise provided personal property
shall he listed and assessed in the conn
tv. town or school district where the!
| owner agent or trustee resides
Section rs. The capital stock and
! propertv of corpora tons exrent as
! otherwise provided. shall be listed ana
taxed in the county, town or school dis.
trct. where tie principal ofHce or
place of business of such corporation is1
located in this State; If there be mo-
| vi Of httof r,A-
at the place in this State where such
| corpora ton trarsacts it's business.
Section SO. Every, corporation. the
! provisei by sections %. IS and II here
| Of shall make the return provided hy|
| said sections and list for taxation said
! shares of stock in the county, town
I or school district where the principal
| Office of such corporation may be 1o-|
! Gated
Section 81. The personal property
| pertaining to the business of mer]
chant or of manufacturer. whether ~
| person corporation. shall be listed
and taxed in the county town Oh
school district where such business III
| carried on. Merchants and manu- fac-I
i turers having more than one place "a
business shall make and file separate|
list of the property pertaining to eachI
place Of business. Each Of said LIST
school district in which the PROPERTY
embraced in it is located.
Section 49, Nonresidents Of thu
State doing business in the State eith
| err s principals or partners shall b
| taxed on the basis of the capital In
vested in such business. as personal
, property in the district where such
| business is carried on. TO the same ex
tent as If they were residents of the
State. Money. negotiable securities
| bills receivable, open accounts. credits
every character incident to. growing
| out of or pertaining TO said business
| shall be deemed to be situated at thu
| place where the business Is carried on
and shall he taxed As a part of said
| business The amount of credits to b
| taxed shall be ascertained in the sam4
| manner as are credits Of residents o.
Personal property OF nonresidents o}
| the State having an actual situs in th(
| State. and not forming a part of thu
| capital invested in business In the State
| shall be assessed in the name of III
| owner thereof for purposes of identifl
| cation and taxed in the district wher
| such property is situated
Section 80 LOGS. lumber, crossties
slaves. stave bolts stave headingz
fence posts. telegraph and telephon
posts and other. similar timber prod
ucts cut for sale shall be deeme
| to be manufactu articles or material
in process of manufacture. as the cas-
may be. in the hands of the person VIII
cut or manufactured them for sale. anl
merchandise if they have passed int
hands of the person who bought ther
for the purpose of selling them. a.
whether they are the property of
person or corporation they sNall he liste
and taxed In the county. town or dit
trict in which they may be located o.
February 1St
Section 40. Live stock and other per
sonal property connected with and use
upon farm upon which the owne
whether a person or corporation. doe
not reside. shall be listed and assesse
in the county or district on which tn
farm is situated provided. that II tn
farm is situated In more than one dis
trict the personal property used In cor
nection with il shall be listed and as
I sessed in the district which the principe
farmhouse of place of business is ls
Gated.
Section Al. Steamboats,. barges an
watercrafts of every kind shall he liste
and assessed in the county. town
school district In which they are ed
rolled registered or licensed. and If nd
enrolled. registered or licensed then |
the town. county or district whei
usually kept
n