Pocahontas star herald., 1912-06-21
FoR ACT NO. 1,
Against ACT NO. /.

State of Arkansas:
Section 1. All property in this State
real and personal, tangible and intan-
gible, not expressly by this Act
exempted therefrom, shall be subject
to taxation in the manner by this Act
prescribed.
Section 2. All property described in
this section to the extent herein limit
cd. shall be exempt from taxation, to-
wit:
l. All schoolhouses, academies, col
leges, universities and seminaries Of
learning, with the books and furniture
therein, and the ground attached to such
buildings, and necessary for the proper
occupancy, use and enjoyment; this
provision does not extend to property
leased or otherwise used with view
to profit.
9 All houses used exclusively for
public worship, and so much of the lots
or parts of lots upon which such houses
are situated as may be necessary for the
proper use, occupancy and enjoyment
Of same; such exemption shall not IN
clude any property leased or In any
manner used with a view to profit,
3. All lands used exclusively for
graveyards, except such as are held
of speculation in the sale thereof
4. All property, real and personal,
belonging to the United states or TO
this State.
5. All property belonging exclusively
to any county, city, town, school dls-
trict or improvement district held and
employed exclusively Tor public pur-
poses.
G. All buildings belonging to institu-
tions of public charity, including orphan
asylums houses for the INDECENT and
public hospitals. together with the lands
actually occupied by such institutions
not leased or otherwise used with a
view to profit and all supplies. furni-
ture and personal property or every
kind. including moneys and credits, ap-
propriated solely to sustain and belong
ing exclusively to such institutions.
Z. All fire engines and other appa-
ratuS used for the eXtinGuishment OF
fires, with buildings used exclusively
for safe-keeping thereof, and Tor the
meeting of fire companies. whether be
longing to any town or TO any IRE
company orPVnized therein.
s. All public Libraries and all real
and personal property belonging TO or
connected with the same.
9. All property belonging to camp
or grove meeting associations, Sunday
School assemblies, Young Mems Chris
tian Associations, societies for religious
instruction or worship, expressly dedi-
Gated and necessary for their proper Oc-
cupancy. use and enjoyment and not
leased or otherwise used with view
to profit
10. All property belonging to and
used exclusively for the purposes Of any
state, district or county agricultural
society or industrial exposition.
II. All public market houses, squares,
parks and other public ground owned
ami used exclusively for public pur-
poses. and all works, machinery and
fixtures belonging to any town, and
used exclusively for conveying water
60 said town, or supplying said town
with gas or electricity, not leased or
otherwise used with a view to profit
Section 3. Real property, for the
purposes OF taxation, shall be construed
to include the land itself and all build
ings, structures and improvements or
other fixtures of whatever kind thereon,
and all rights, privileges and franchises
Ounless by this Act otherwise provided, ,
thereto belonging or in anywse per-
tanning also all trees growing thereon
and all mines, minerals, quarries or
fossils thereon or hereunder.
Section. a. Personal property for
purposes of taxation shall be construed
to include;
/. All goods, chattels, moneys and
effects
2. All steamboats, and other water
craft employed in navigating the waters
lying wholly or partly within this
State, and all capital belonging TO the
inhabitants of this State invested in
steamboats,. steamships or other water
craft, located without this State pro-
vided, the same is not taxed by another
State or sovereignty.
3. All improvements made by others
upon lands, the fee of which is still
vested in the United States or this
State, and all improvements and other
structures upon lands the titles of
which are vested in any railroad com
pany or other corporation whose prop
erty is not subject to the same mode
of taxation as other property.
All stocks nf ~
florists, growing or otherwise
8. All gas, oil and &. water mains
pipes, conduits, subways wherever To-
Gated; all tracks, roads and bridges of
street railways, turnpike and bridge
companies, and all poles, wires and
other apparatus of telegraph and tele-
phone lines.
6. Credits of every kind over and
above debts owed by the creditor.
7. The income of every annuity un-
in this State.
s. All public stocks, bonds and Sc
Curitcs of every kind.
.. All personal property situated in
this State, of corporations, whether the
owners thereof reside in or out of this
State.
To-. All shares of stock in banks, or
CaniZed under the laws of this State or
of the United States.
Il. The capital stock undivided prof
llS, ana all OIneT UleduS not forming
part of the capital stock of every COM
pany whether Incorporated or unincor-
pOrated.
Section S. In the construction of this
Act the following rules will be observ-
ed, unless such construction would be
inconsistent with the manifest inten-
tion of the Legislature, or repugnant to
the context:
l. Person" shall include firm. com
pany or corporation
2. The term oath" wherever used
in this Act shall be held to mean oath"
or affirmation"
3. Every word in this Act denoting
the masculine gender shall extend and
apply to females as well as males
4. Pensions receivable from the
Unitod States, or from any State sal
aries or payments excepted shall not
be held to be annuitIes within the
meaning of this Act.
g. Town" shall be held to mean
oity, town or village If laid out in lots
or blocks as prescribed by law, whether
incorporated or not, and district shall
be held to mean school district"
6. Tract" Tot" parcel" or piece"
of land shall be held to mean any con-
tiguous quantity of land in the posses
property of the same claimant or per-
son.
Z. True and full value" shall mean
the usual selling price at the place
where the property to which the term
is applied shall be at the time of as
sessmcnt; being the price which would