The Harrison times., 1912-06-15

| ton secured Dy mortgage or ueed OF
! trust on property belonging TO the COM
| pany, and the aggregate market value
| or actual value OF such bonds.
6. The assessed value of all real en-
tate owned by the company.
7. The value Of all tangible personal
| property owned by the company and as
sessed under either section l6, lS, 10,
| Il, or 20 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
| poratlon as agent for it's shareholders
under the heading Intangible Prop
erty."
| Section 81. The corporations required
| TO make the return provided for I'm section
80 of this Act shall list and assess their
tangible property, real and personal,
on the proper form as provided by SEQ
tlons, 16, rs, 49, 81, ana % hereof, Tho
return prescribed by section 30 hereof
Is required In addition 20 the regular
lists provided by this Act, and It's pur-
pose is 20 secure the assessment OF the
Intangible property belonging to the
corporatot
required bj tons lG, H. IS, 10, 80,
| 21, 20, rs, o. 2S and 30 OF this Act
! must be subscribed and sworn 20 by the
person making and filing same. Said
oath shall bo in the following form;
swear Cor afrrm) that the list OF prop
erty as now rendered by me contains
| all the personal property which | am
by law required to 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 or property at
its true and full value In money; and
| that In fixing the value OF said property
| have not taken same Mt 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 49, Except as may ba by
| this Act otherwise provided all prop
erty shall be listed and valued as on
the first day OF February In tho year
| In which same Ia assessed, and the trans
fer or sale OF any taxable property sub
seuuent TO tho FIRST day OF February
| shall not authorize any person TO omit
the same from any list, although suoh
list shall not bo made until after the
sale or transfer OF such property. but
all such property shall be listed for
taxation In the same manner as II no
| salo or transfer thereof had been made
| But whore bonds OF the United states
have been purchased by any individual
or firm during tho year prior 10 the
FIRST day OF February and such indi-
| vdual or firm IN claiming exemption
because OF such bonds. where property
! IN required 10 be listed as or that day
tho value Of such bonds In money shalt
be divided by twelve and tho quotiont
shall bo multiplied by tho number Of
months or fractional parts OF months
remaining after doduoting the time
| which said bonds we're owned and such
product shall be listed as money on
hand on the first day OF February.
Section a. Except as IN this Act
otherwise provided personal property
shall be listed and assessed In tho coun-
~, town or school district where the
owner, agent or trustee resides
Section 80, The capital stock ana
property OF corporations except AZ
otherwise provided shall be listed and
taxed In tho county town or school dis
| trlet whore tho principal Office or
place OF business OF such corporation 10
located In this state; n there be no
such ONCE or place OF business, thon
NJ tho place IN this state whore such
| corporation trnneactB It's business.
Section 30, Every corporation. tho
taxation OF whose shares OF stock In
provided by sections 22, 20 and 27 horo-
or, shall make tho 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 be To-
| Gated,
Section 37 The personal property
pertaining 10 the business OF mar.
chant or OF manufacturer whether .
person or corporation shall DO listed
and taxed IN tho county town or
| school district where such business is
carried ON, Merchants ana manufees
turors having more than one place of
business shall mako and file n separate
list or the property pertaining 90 ehoh
place OF business, Each OF said lists
ahall be filed In tho county, town or
school district IN which tho property
embraced IN II In located,
Section 8S NonreHldents or the
State doing business In the State, eith-
or hs prlnclpals or partners, shall be
taxed on the basis or the capital In
vested IN such business, as personal
property IN tho district whore such
| huHlnonH IN carried on, 90 tho Same OK
tent aB II they were residents or the
smte. Money negotiable seourlnes.
| bills receivable, open accounts credits
OF every kind and chooses IN action OF
every character Incident 20, growing
| out of or pertaining 20 said business
shall be deemed IN be- situated al the
place whore the business ia carried on
| and shall he taxed 40 part or Hhld
business The amount or credits to be
| taxed shall he aHeeflhlhe1 IN the same
manner hB are credits or residents ~
Personal property or nonresldents OF
| the state having an actual Hitus Ia the
state, ana not forming part OF the
| capital Invested IN business in tho state,
shall be assessed IN tho name OF the
! NMNuf iNnfpol lhf bNfNNHpH VI lNbHNAAF
cation and taxed IN the district whore
such property iH altuated
Heeti0n 10, Logs lumber, eroHstles,
| HtnveH, Htaye bolts HtnVe headings,
fence posts, telegraph ana telephons
| posts aud other similar timber prod.
uota cut for sale shall be deemed
90 be manufactured articles or materials
| IN process OF manufacture aH the case
| may be, IN the hands OF the person VINO
| cut or manufactured them for sale ana
merchandise N they have passed into
hands OF tho person who bought them
for the purpose OF selling them and
whether they arc tho property or =
person ur corporation they shall he listed
ana taxed IN the county town or dis
| tflet IN which they may ba located on
Section io' Live stock and other per.
| honhi property connected with hnd uHed
| upon a farm upun which The owner,
| whether a person or corporation, does
not rohldo, shall be listed ana naaeuaed
! ln the county or dlHtriet on which the
| farm III HituAteii provided that " the
| farm iR situated IA mere thhh one dlss
triet the personal property used ~ cone
heetl0n With II shall be listed ahd as.
sessed IN the district which the principal
farmhouse OF place OF business ls To-
| Gated
Section A. Steamboats, barEes nnd
wntprprnftH of every Kind shall be listed
and nHHoHHed IN the county town or
| school district IN which they are ems
| rolled Registered or licensed, ana n n0t