The Sentinel=record., 1912-05-30
TOR ACT NO. l, AGAINST ACT NO. |.

Be It Enacted by the People of th,
 State of Arkansas. 'N'
 Section l. All property in this State real and personal tangible and intar. glble, not expressly bv this Ac, exempted therefrom shall be subieci 10 taxation in the manner by this Act
 Section 3 All property described ir this section to the extent herein limit. '.si, ~g, shaii De exempt from taxation. to
 l. All schoolhouses. academies col ieges. universities and seminaries of ieathing. With the books and furniture lherein and inc ground attached to such IHhuHSS. and necessary for the proper occupancy, use and enjoyment: this 1ioNslon does not extend to property ~ro profit
 2. All houses used exclusively for pubic worship, and much of the lots or parts of lots upon which such houses are silnatsd as may be necessary for the proper use, occupancy and enjoyment or same, such exemption shall not in- ciude any property leased or in any manner used with q view to profit
 g. All lands used exclusively for graNeyards, except such as are held with view to profit or for purposes of speculation in the sale thereof
 1. All property. real and personal belonging to the United States sDr to this State
 ,. All property belonging exclusively to any county, city. town. school dis trict or improvement district held and employed exclusively Tor public pur- poses.
 6. All buildings belonging to instftu- tiOns Of public charity. including orphan ssylums, houses for the indigent and public hospitals. together with the lands actually occupied by such institutions not leased or otherwise used with view to profit. and all supplies. furni- ture and personal property of every kind. including moneys and credits. ap- propriated solely to sustain and belong ing exclusively to such institutions.
 !, All fire engines and other appa ratus used for the extinguishment of fires with buildings used exclusively for safe-keepng thereof. and for the meeting of fire companies, whether be- longing to any to sn or to any fire company organized 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 on worship, expressly dedi cated and neceksary 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
 
 society or industrial exposition.
 II. All public market houses, squares parks and other publicf ground owned and uzed exclusively for public pur- poses and all works. machinery and fixtu belonging to any town, and usedAs sclusiveiy for conveying water to town, or supplying said town with or electricity. not leased or otherwfse used with view to profit sectiA An Real property for the purpos of tzition. shall be construed to fnciI de thRand itself and all build lnBs, HtrucRes and improvements or other XxtlA of whatever kind thereon ma rs, privileges and franchises unie Fhis Act otherwise provided) Her7 Belonging or in anywise per rff also all trees growing thereon and all mines, minerals, quarrics or fossils thereon or thereunder.
 Section {. Personal property for purposes of taxation shall be construed to include.
 ] All goods, chattels. moneys and effects.
 2. All Ateamboats 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.
 5. All improvements made by others
  vested in the United States or this state. and all improvements and other structures. upon lands the titles of winch are vested in any railroad com P~f or other corporation whose prop
 is not subject to the same mode
 xation as other property.
 All stocks of nurserymen and
 Fists, growing or other@ise,
 All gas oil and water mains W}s, conduits. subways wherever To- brfl of railways, turnpike and bridge inies, and all poles. wires and M apparatus of telegraph and tele- lines.
 MM Credits of every Kind over and
 debts owed ! the creditor
 The income of every annuity. un-
 the capital of the annuity be taxed W Is state.
 All public stocks bonds and se- les of every kind
 All personal property situated in
 State. of corpoi ations, whether the
 kers thereof reside in or out of this S-.s 10. All shares of stock in banks, or Pa nized under the laws Of this State or < 1.-the United States
 All The canital stee!!ss. undivided pror- Trs and all other means not forming n9rt of the capital tock of every com TNny whether incorI orated or unincor- perated.
 fsection g. In the construction of this A& the following rules Will be obserN- ed& unless. such construction would be inRnsistent with the manifest inten- tio# )of the Legislature or repugnant to the#context;
 Person shall include firm, com pan@ or corporation
 2 The term "oath" wherever used in this Act shall be held to mean oath or affirmation.
 B. Every word in this Act denotine the masculine gender shall extend and apply to females as well as males.
 4 Pensions receivable from, tho United States. or from any State. sal aries or payments exceptedN shall moi be held to be annuities within the meaning of this Act
 5 Town" shall be held to meal city town or village if laid out in lots or blocks as prescribed by law, whether ineorporated or not and district shal be held to mean "schoo district.
 6 Tract" lot parcel or piece Of land shall be hel to mean any con tRuous quantity of land in the posses son of owned by or recorded as tn property of the same claimant or per son.
 True and full value shall meal the usual selling price at the plac where the property to which the tern IS applied shall be at the time of as stssment being the price which woul' pe obtained therefor al private sale ant not at forced or auction sale.
 Merchant" shall includn ever person who owns. or has in his possessio ssL~4ubject to his control with authorit 70 sesl the same. any personal nrcfsst ~ititiii this State. purchased with tn Ft~rwr A.. .f... s.r4fr s