Pine Bluff daily graphic., 1912-06-08
ron ACT NO. l, .nAINsT ACT NO. l.


 pGit Enacted by tue ie''p'e' "' '"e q stat. '' All property in this State,
 Stcloan nersonai tangible and int.ln-
 ra i anu not expressly by this Ac' ! be ntsd therefrom. shall De sab]ec, sslmyyaton in the manner "S t'''s -Ar'
 yesetIi.norn9 I.on 3 All property descri''rl i! Ii Seelionn; to the extent herein limit bis seG sN,, he exempt from taxation. to
 shall pc eN'
 St' ,n schoolhonses, academies. 0ol-
 L. !. universities and seminaries oI
 !eges. with the books and furniture
 kafh.ne. the ground attached to sucl5
 hefeeii!lia, ei!pas s' and necessary for the prope4 l Midihs..,r use and enjoyment: this
 oeeu!pa; !s;nn does not extend to property
 proVisnr nr otherwise used with view
 to profit os nead exclusive,v fo,
 Z, !.,,. a.norshjp. and so much of the lots
 puDls. ..s or lots upon which such houses
 or pa, ps.,,ot ted as may be necessary Tor ths
 as asar use, occupancy ana enjoyment
 prope,n such exemption shall not in
 ol ,.ss ,a any property leased or in any
 manner e'snu used with rev to proilt' e.
 towards except such as are held
 view to profit or for purpose:
 si's ssnscuJation in the sale thereof.
 oll, ol spl, All property. real and personal.
 ..,o,eing to the United States or to
 ths State. ,o,or;,,. axo,,,.i,o,,
 o .nv county, city, town. school dis
 lo a"o ar improvement district held and
 ua,oyad exclusively For public pur
 V0ss' All buildings belonging to institu- .ions of public charity. including orphan
 u u.,,ms houses for the indigent and
 asiii aasiSiic hospitals. together with the lands ppa,ually occupied by such institutions, ~. leased or otherwise used with a .;sa nu. to profit. and all supplies, furni- ,nrs and personal property Of every ,snd including moneys and credits. ap- nropriated solely to sustain and belong
 ins exclusively to such institutions.
 "ss All fire engines and other appa-
 ,otns used fo" the eXtinguishment of
 .iras with buildings used exclusively tor t".', ',safe-keeping thereof. and for the msating of fire companies. whether be- longing to any town or to any fire
 company organized therein.
 X All public libraries and all real Ind 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 fan Associations. societies for religious instruction or worship. expressly dedi- csted and necessary for their proper Oc clpancy use and enjoyment, and not leased or otherwise used with a view to profit. used exclusively for the purposes of any state. district or county agricultural society or industrial exposition.
 Il. All public market houses. squares. parks and other public ground owned and used exclusively for public pur- poses, and all works. machinery and fixtures belonging to any town. and hsed exclusively for conveying water to said town, or supplying said town with gas or electricity. not leased or otherwise used with view to profit.
 Section 3. Real property. for the purposes Of taxation. sla1l"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 tunless'Dy this Act otherwise provided) |. thereto belonging or in anywise per taining; also all trees growing thereon. and all mines. minerals, quarrieS or fossils thereon or hereunder.
 Section. 4. Personal property for purposes of taxation shall be construed to include;
 T. All goods. chattels, moneys and effetts
 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 craft located without this State; pro- vided, the same is not taxed by another State or sovereignty.
 5. 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 n sny lrnn pany or other corporation whose prop efty is not subject to the same mode pr taxation as other property. :, < All stocks of nurserymen and [lorlsts, growing or otherwise D. All gas. oil and water mains .ated; all tracks, roads and bridges of street railways. turnpike and bridge companies. and all poles. wires anG oM.nef M apparatus of telegraph and tele- phone lines.
 ,s. Credits of every kind over and 'pove debts owed by the creditor.
 {. The income of every annuity un- ess the capital of the annuity be taxed n this State.
 s All public stocks, bonds and se- 'urlties of every kind
 .:S. All personal property situated in m mnis state, of corporations, whether the state ''''S lo. All shares of stock in banks. or sanlzed under the laws of this State or o1 the United States.
 .il. The capital stock. undivided prof .s, ana all other means not forming psrt or the capital stock of every com eany whether incorporated or unincor- section D. In the construction of this aet the following rules will be observ- ,n uniess such construction would be ;" with the manifest inten- oh of the Legislature, or repugnant to me context:
 ,. |, Person" shall include firm, com 'any or corporation.
 n z. <, The term oath" wherever used ,r M .n's .as, Act shall be held to mean oath .s .s. Every word in this Act denoting %r masculine gender shall extends and 'Np's ,o females as well as males. rnit.di ienslons receivable from the ,a h,a or payments excepted. shall not 'e na neid to he annuities within the ''Iahins of this Act.
 .it,, Iown shall be held to mean ,r ry' town or village if laid out in lots ucms as prescribed by law, whether "a ha'. pofated or not. and district shall "e.I ..'ru 10 mean ''school district.' if iar lact' lot. parcel. or piece" iruomes snail be held to mean any con ,ion us quantity of land in the posses ,ronaut,,, owned by or recorded az the lon same c'aimaht or per he v. rue and full value" shall mean where usual t,s selling price at the place s enhe .he property to which the term pp.ieo shall be at the time of as- ohtait, being the price which would