The Harrison times., 1912-06-22


trust on property belonging TO the COM
pany, and the aggregate market value
or actual value OF such bonds
G. The assessed value OF all real es-
tate owned by tho company.
T. The value Of all tangible personal
property owned by the company and as
sessed under either section l6. IS. 10.
21, or % hereof.
The sum OF Items four and five, less
the sum OF items six and seven shall
be held 10 be the value OF the intan-
gible property OF the corporation and
shall be listed and assessed by the cor
poration as aren't for its shareholders
under the heading Intangible Prop
erty"
Section 81. The corporations required
10 make the return provided for in section
30 OF this Act shall list and assess their
tangible property, real and personal,
on the proper form as provided by SEQ
tions. 16. g. 10. 21. and % hereof The
return prescribed by section 80 hereof
is required in addition to the regular
lists provided by this Act, and It's puT-
pose Is to secure the assessment OF the
Intangible property belonging to the
corporation.
section 30. Each Of the statem2nts
required by sections 16 IL, rs, 10, 20,
21, 90. 25 q. 2S and 30 OF this Act
must be subscribed and sworn 10 by the
person making and filing same. Said
oath shall be In the following form:
swear Cor affirm that the list Of prop
erty as now rendered by me contains
all the personal property which | am
by law required 70 list for taxation for
myself Cor as.,...,.,,,.........
that each answer made by me In said
statement is In every respect true; that
| have valued each item OF property at
It's true and full value In money; ana
that In fixing the value OF said property
! 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 aaid property for taxation"
Section 80. Except as may be by
this Act otherwise provided, all prop
erty shall be listed and valued as on
the nrst day OF February In tho 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 10 omit
the same from any list although suoh
list shall not bo Rade until after the
sale or transfer OF such property but
all such property shall be listed foS
taxation In the same manner as II ma
sale or transfer thereof had been made
But where bonds OF the United States
have been purchased hy any individual
or firm during the year prior 10 the
drst day OF February and such indi.
ydual or firm ~ claiming exemption
because OF such bonds, where property
is required 10 bo listed as OF that day,
the value OF such bonds IN money shall
be divided by twelve and the quotlont
shall be multiplied by the number Of
months or fractional parts OF months
remaining after deducting tho time
which said bonds were owned and such
product shall be listed as money on
hand on the first day OF February.
Section 81, Except as IN this Act
otherwise provided personal property
shall ba listed and assessed In tho coun-
~. town or school district whsrs the
owner, agent or trustee resides,
property OF corporations except az
otherwise provided, shall be listed and
taxed In tho county, town or school dis
trlct, whore tho principal once or
place OF business OF such corporation N
located IN this State; II there be no
such oftlce or place OF business, thsn
nj tho place IN this State whore such
corporation transaots It's business.
Section 80. Every corporation the
taxation OF whose shares OF stock is
provided by sections %, 25 and ~ hero
OF, shall make the return provided by
said sections and list for taxation said
shares OF stock In tho county, town
or school district whore tho principal
Office OF such corporation may bo To-
Gated
Section 81. The personal property
pertaining 20 tho business OF mer-
chant or OF n manufacturer, whether .
person or corporation, shall bo listed
and taxed In the county, town or
school district whore such business 10
carried on, Merchants and manufge.
turera having moro than one place %
business shall make and file separate
list or tho property pertaining 90 each
place or business Each OF said lists
shall be filed IN the county town or
school district In which tho property
embraced In II s located.
Section 3s Nonrcaldents OF the
state doing business In the state eith-
or AZ principals or partners, shall be
taxed on the basis OF tho capital In
vested IN such business, as personal
property IN the district whero such
business n carried on, 90 tho same en-
tent as II they were residents or the
State Money negotiable securities,
bills receivable, open accounts, credits
OF every kind and chooses IN action OF
every character incident 60, growing
out or or pertaining TO said business
shn1l be deemed 90 be situated At the
place whore the business IN carried on
ana shall he taxed as part OF said
husnoas, Tho amount Of credits TO bo
taxed shall ho aAoortnlned In the aame
manner oa arc credits OF residents OF
Personal property Of nonrealdenta OF
the State having an actual sit1e IN the
State, ana not forming part OF the
capital invested IN business IN the State,
shall be assessed I'm the name Of the
owner thereof for purposes OF identIfl-
cation ANA taxed IN the district whore
such property IN situated
Section 80, Logs, lumber, eroaatiea,
atavoa, ataye bolts, Htnve headings,
fence posts, telegraph aud telephone
posts and other similar timber prod.
uots cut for sale shall be deemed
10 be manufactured articles or materials
IN process OF manufncture, M the case
may be, IN the hands OF the person who
cut or manufactured them for sale, ana
merchandise II they have passed into
hands OF tho person who bought them
for tho purpose OF selling them, and
whether they arc the property OF a
person or corporation they shall be llHted
ana taxed IN tho county town or dls-
lrlet IN which they may bo located on
February LIST.
Section 40 Live stock and other per.
H0nal property connected with and used
upon a farm up0n which Tho owner,
whether a person or corporation does
not reside, hhnli be listed and assessed
IN tho county or district on which the
farm I'D situated provided, that N the
farm IN situated IN more than ono dia-
trlot the personal property used In con.
neotlOn with "A shall be- listed and ass
ReHHed in the district which the principal
farmhouse OF place OF business ID 10.
Gated
Section A., Steamboats, betses ahd
whtefefafts or every kind shall be listed
and assessed in the county town of
school district In which they ore. on.