The Sentinel=record., 1912-06-13


 Sectloh l. All property in this State feai ana personal, tangible and intanl glple, not expressly by this Act eAenptea theretrom. shall be subject U taxation In the manner by this Act prescribed. '"'s A0' Section 2 Ali property described in tniS section to the extent herein limit- ed, snail be exempt from taxation. to-
 l. All schoolhouses. academies col leges, universities and seminaries of learning, with the books and furniture therein. and the ground attached to such DuldlnsS, and necessary for the proneY occupancy, use and enioyment th{s provision does not extend to propertv leased or otherwise used with a view to profit
 2 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 or same, such exemption shall not in- ciude any property leased or in any manner used with view to profit
 E. All lands used exclusively for grayeyards, except such are held with a view to profit or for purposes Of speculation in the sale thereof
 {. All property real and personal belonging to the United States or to this State.
 5. An 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 institu- tions of public charity, including orphan asylums, houses for the indigent and public hospitals, together with the lands actually occupied by such institutions not leased pr otherwise used with a 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.
 2. All fire engines and other appa- ratus used for the extinguishment of fires, with buildings used exclusively for safe-keeping thereof, and for the meeting of fire companies. whether be- longing to any to yn 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 tan Associations, societies for religious instruction or worship, expressly dedi- cated and necessary for their proper oc- cupancy, use and enjoyment and not leased or otherwise used with a 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 and used exclusively for public pur- poses and all works. machinery and fixtures belonging to any town. and used 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 {. Real property, for the purposes of taxation, shall be construed to include the land itself and all bufld- ings, structures and Improvements or other fixtures of whatever kind thereon, and all rights. privileges and franchises tunless by 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
 l. 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 Stale 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.
 1. All stocks of nurserymen and florists. growing or otherwise
 5. All gas, oil and water mains pipes. conduits subways wherever To- cated. 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
 g. Credits of every kind over and above debts owed l z the creditor.
 '. The income of every annuity un- less the capital of the annuity be taxed in this state.
 8. All public stocks, bonds and se ourities of every kind.
 g. All personal property situated in this State. of corporations, whether the owners thereof reside in or out of this State,
 10. All shares of stock in banks or ganized under the laws of this State or of the United States.
 II. The capital stock undivided prof irE, and all other means not rorming part of the capital stock of every com pany whether incorporated or unincor- porsted.
 Section 5. 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"
 8. Every word in this Act denoting the masculine gender shall extend and apply to females as well as males.
 {. Pensions receivable from the United States, or from any State. sal aries or payments excepted. shall not be held to be annuities within the meaning of this Act
 5. Town" shall be held to mean city. 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" lot" parcel or piece of land shall be hel to mean any con tguons quantity of land in the posses sion of, owned by or recorded as the property of the same claimant or per son
 [. 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- Hessment; being the price which would be obtained therefor at private sale and not at forced or auction sale
 & Merchant shall include every person who owns or has in his possession or subject to his control, with authority to sell the same, any personal property within this state, purchased with the view to sale at an advanced price or profit. or which has been consigned 10 him for sale