The Forrest City times., 1912-07-05

ton secured by mortgage or dsed sf trust on property belonging to the com | pany. and the aggregate market value or actual value of such bonds.
 $. The assessed value of all real e. tate owned by the company
 '. The value of all tangible personal property owned by the company sna as- | sessed under either section l6, 1s 10, | 2l, or 22 hereof.
 The sum of Items four and five less the sum of items six and seven. shall be held to be the value of the intan- shall be listed and assessed by the cor poration as agent for it's shareholders under the heading Intangible Prop l erty."
 | Section 3f. The corporations required | to make the return provi led for fin section | 30 of this Act shall list and assess their tangible property, real and personal. on the proper form as provided by sec | tons. Is, 1S. 19. 21, and p hereof The l return prescribed by section 90 hereof is required in addition to the regular lists provided by this Act and it's pur- pose is to secure the assessment of tho intangible property belonging to the | corporation.
 Section g. Each of the staten, nts | required by sections 16. Y. 1S ls 90 21. %, 25 27. 2s and 30 of this Act must be subscribed and sworn to by the person making and filing same Said oath shall be in the following form:
 
 swear Cor affirm) that the list of prop 1 erty as now rendered by me contains all the personal property. which I am by law required to list for taxation for | that each answer made by me in said 1 statement Is in every respect true: thet | I have valued each item of property at | it's true and full value Tn money: and l that in fixing the value of said property T have not taken same at an amount below It's true and full value in money | because of the fact that I was assess- | ing said property for taxation" Section g. Except as may be by this Act otherwise provided all prop erty shall be listed and valued as on | the first day of February in the year In which same is assessed, and the trans fer or sale of any taxable property sub- sequent to the first day of February | shall not authorize any person to omit the same from any list. although such l list shall not be made until after tho sale or transfer of such property but all such property shall be listed for 1 taxation in the same manner as if no sale or transfer thereof had been made l Rut where bonds of the United States have been purchased by any individual or firm during the year prior to tha l first day of February and such indi. l vidual or firm is claiming exemption because of such bonds. where property l is required to be listed as of that day l the value of such bonds in money sheli i be divided by twelve and the quotient shall be multiplied by the number of months or fractional parts of months remaining after deducting the time which said bonds were owned and such | product shall be listed as money on hand on the first day of February.
 Section 94 Except as in this Act otherwise provided personal property shall be listed and assessed in the coun ty, town or school district where the owner. agent or trustee resides
 Sation 35. The capital stock ana l property of corporations excent n. otherwise provided. shall be listed and taxed in the county, town or school dis trict where the principal office or place of business of such corpora tIon f. located in this State; if there be no such h., ofce r{aoo or n place lace Of business then corporation transacts its business Section 36. Every corporation. the taxation of whose shares of stock is provided by sections p, 25 and 27 here ] of shall make the return provided bv said sections and list for taxation said ! shares of stock in the county town or school district where the principal office of such corporation may be To- l cated
 Section 37. The personal property l pertaining to the business of a msr- 1 chant or of manufacturer. whether . l person or corporation. shall be listed i and taxed in the county town or 1 school district where such business iD l carried on. Merchants and mapufao- l business shall make and file a separate 1 list Of the property pertaining to each 1 place of business. Each of said lists shall be filed in the county. town or school district in which the property embraced in 1t is located.
 Section 3S. Nonresidents of the i State doing business in the State eth- 1 CT as principals or partners shall bs l taxed on the basis of the capital in- vested In such business. personal | property in the district where such | business Is carried on, 70 the same ex- l tent as if they were residents of the State. Money. negotiable securities. l bills receivable, open accounts. credits of every kind and ehoses fin action of | every character incident to. growing | out Of or pertaining to said business shall be deemed to be situated at the and shall be taxed as a part of said 1 business, The amount of credits to be | taxed shall be ascertained in the same | manner as are credits of residents of
 Personal property of nonresidents of | the state having an actual situs fin tho capital invested in business in the State | shall be assessed in the name of tho owner owner thereof for purposes of identifi- cation ard taxed in the district where such property is situated
 Section 3e Logs. lumber. crossties. 1 slaves. stave bolts. stave headings fence posts. telegraph and telephone posts and other similar timber prod | ucts cut for sale shall be deemed 1 to be manufactured articles or materials in process of manufacture as the case
 
 cut or manufactured them for sale. and l merchandise if they have passed into l hands Of the person who bought them | for the purpose of selling them, and whether they are the property of . | person or corporation they shall he listed l and taxed in the county town or dis | trict in which they may be located on l February 1st.
 Section 40. Live stock and other per l sonal property connected with and used | upon a farm upon which the owner. whether q person or corporation. does l not reside. shall be listed and assessed , in the county or district on which the farm is situated; provided, that If the | farm is situated in more than one dis trict the personal property used in con- 1 nection with it shall be listed and as- i sessed in the district which the principal 1 farmhouse of place of business Is To- l cated
 Section Al, Steamboats barges and watercrafts of every kind shall be listed and assessed In the county, town oi school district in which they are en- | rolled, registered or licensed. and if not enrolled. registered or licensed then in