Sharp County record., 1912-05-31

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| or actual value of such bonds
g. The assessed value of all real es-
tate owned by the company.
| 7. The value of all tangible personal
property owned by the company and as
sessed under either section 16, 1S. IL.
| 81 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--
| gible property of the corporation and
| shall be listed and assessed by the cor
poration as agent for it's shareholders
| under the heading Intangible Prop
erty."
Section 81. The corporations required
| to make the return provided for IN section
| 80 Of this Act shall list and assess their
| tangible property. real and personal.
| on the proper form as provided by sec
| tions, 16, 1S, 49, 21. and % hereof; The
return prescribed by section 30 hereof
| is required in addition to the regular
| lists provided by this Act, and its pur-
| pose Is to secure the assessment OF the
| intangible property belonging to the
corporation.
Section 32. Each of tho statements
| required by sections l6, II, lS, ~, ~,
| 81, 90, 25, q, 2S and 80 OF this Act
must be subscribed and sworn to by the
person making and filing same. Said
oath shall be In the following form:
........:,..... 90 soiemnly
swear Tor affirm) that the l1St OF prop
| erty as now rendered by me contains
all the personal property, which | am
| by law required to list for taxation for
myself (or as. 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; and
| 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 was assess
| ing said property for taxation
Section 33. 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 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 to omit
| the same from any list, although such
| list shall not be made until after the
| sale or transfer Of such property but
| all such property shall be listed for
| taxation in the same manner as If no
| sale or transfer thereof had been made.
But where bonds of the United States
| have been purchased by any individual
| or firm during the year prior to the
| first day of February and such indi-
vidual or firm Is claiming exemption
because of such bonds, where property
is required to be listed as OF that day
| the value Of such bonds In money shall
be divided by twelve and the quotlent
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 a. Except as In this Act
otherwise provided personal property
| shall be listed and assessed In the coun-
~, town or school district where the
owner agent or trustee resides,
Section 35, The capital stock and
property OF corporations except as
otherwise provided, shall be listed and
taxed IN the county, town or school dis
place of business OF such corporation In
located in this State; II there be no
such Office or place Of business, then
at the place IN this state whore such
corporation transacts It's business
taxation Of whose shares OF stock Ia
provided by sections 22, 26 and ~ here
OF, shall make the return provided by
said sections and list for taxation said
shares Of stock In the county town
! or school district whero tho principal
Office OF such corporation may bc To-
| Gated
Section 81. The personal property
pertaining to the business Of mer-
chant or OF n manufacturer. whether q
person or corporation, shall DO listed
school district where such business In
| carried on. Merchants ana manufnc-
| turers having more than one place OF
| business shall make and file n separate
list OF the property pertaining 20 enSn s.
shall be nled IN tho county town or
school district IN which the property
embraced In II is located,
Section 3S. Nonresidents OF tho
State doing business IN the state elth-
AL, L. np mn
taxed on tho basis OF the capital In;
vested In such business, IN personal
, property In tho district .whero such
business IL carried on, 20 the samo OK
tent as II they were residents or the
State Money, negotiable securities.
OF every kind and chooses IN action or
every character incident to- growing
out OF or pertaining 20 said business
ghnll be deemed 10 be situated at tne
place whore the business IN carried on
md shall be taxed M o part or sald
business The amount of credits to bo
taxed shall be asocrialncd IN the same
manner ng are credits Of residents or
Personal property OF nonrcsldcnts OF
tho State having an actual situs IN tho
| State, and not forming u part or tho
capital invested IN business In the state,
shall be assessed In the name or me
owner thereof for purposes OF idehtlfi.
such property ls situated,
Section 3D Logs, lumber orosnties,
| stavcs, stavc bolts, stave headings,
| fence posts, telegraph . and telephone
| posts and other similar timber PROD,
| uets cut for sale shall be deemed
| TO bo manufactured articles or materials
| In process OF manufacture, aB the case
| may be, In the hands or the person VINO
| cut or manufactured them for sale, ana
merchandise II they have passed INTO
| hands OF the person who bought thon,
| for the purpose or scllihg them, ana
| whether they are the property or =
person or corporation they shall bo listed
and taxed In tho county town or DIS
| trlet IN which they may be located on
| February 1st
| Sectlon 4o Live stock and other per.
sonal property connected with ana used
| upon farm upon which tho owner.
| whether II person or corporation, does
not reside shall be listed ana nsseBsed
| In the county or district on which the
| farm In situated, provided, that II tho
farm In situated IN more than one dis.
triot the personal property used IN ooh'
| noctlon with II shall bo listed and as.
aesacd IN the district which tho principal
farmhouse OF place OF business N To-
Gated,
Section A. Steamboats,, bargea and
wateferafts of every kind shall be listed