Pocahontas star herald., 1912-06-21


trust on property belonging to the COM
puny, and the aggregate market value
or actual value of such bonds,
6. 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 49, lS. 10,
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-
gble property of the corporation and
shall be listed and assessed by the, cor
poration as agent for its shareholders
under the heading Intangible Prop
erty."
Section 81 The corporations required
to make the return proV ed for In section
30 of this Act shall list and assess their
tangible property, real and personal
on the proper form as provided by sec
tions. 16, is. 10. 81. and % hereof. The
return prescribed by sec tlon 80 hereof
is required in addition to the regular
lists provided by this Act and it's pur-
pose is to secure the assessment of the
intangible property belonging to the
Section 90. Each of the statements
required by sections 16, II, IS, 10, 90,
21 22, 25, 27, 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;
81. "I.................. do Solemnly
swear (or affirm that the list of prop
erty as now rendered hv me contains
all the personal nranerty. which | am
by law required to list for taxation for
myself COR as...'....'':' .'.''lt
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 its true and full value in money
because of the fact that I was assess
ing said property for taxation"
Section 49, 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 the 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 IL 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 quotient
shall be multiplied by the number of
months or fractional parts of months
remaining after deducting the time
which said bonds were owned and such
product shall be listed as money on
hand on the first day of February.
Section 34 Except as in this Act
| otherwise provided personal property
shall be listed and assessed in the conn
ty, 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
trict. where the principal office or
place of business of such corporation is
! located in this State; II there be no
such office or place Of business, then
at the place I'm this State where such
corporation transacts its business.
Section 36, Every corporation. tho
taxation Of whose shares of stock is
provided by sections 22, 25 and 81 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 where the principal
Office Of such corporation may be To-
Gated.
Section 81. The personal property
pertaining TO the business of mer-
chant or of a manufacturer whether a
person or corporation. shall be lstod
school district where such business is
carried on. Merchants and manufac-
| turers having more than one place OF
business shall make and file n separate
list of the property pertaining to each
place of business Each of said liats
shall be filed in the county, town or
school district in which the property
embraced in ii is located.
Section SS. Nonresidents of the
State doing business in the State eith-
/ IL 81. L.. .sN... l.l1 -
taxed on the basis of the capital in
vested in such business, as personal
! property In the district where such
business is carried on, 20 the same ex-
tent as If they were residents of the
State. Money, negotiable securises.
bills receivable, open accounts, credits
of every kind and chooses in action of
| every character incident to- growing
| out of or pertaining 10 said business
| shall be deemed to be situated at tho
place where the business is carried on
and shall be taxed as a part of said
| business. The amount of credits to be
taxed shall be ascertained in the same
manner as are credits OF residents of
| this State.
Personal property of nonresidents of
| the State having an actual situs in the
| State, and not forming part of the
| capital invested in business I'm the State,
| shall be assessed in the name Of the
owner thereof for purposes of identifi-
| cation and taxed in the district whore
such property is situated.
Section 80. Logs, lumber, crosstes,
| slaves, stave bolts. stave headings.
| fence posts, telegraph and telephone
| posts and other similar timber prod
| ucts cut for sale shall be deemed
| to be manufactured articles or materials
| in process of manufacture, as the case
may be, in the hands of the person who
| cut or manufactured them for sale, and
merchandise If they have passed into
! hands of the person who bought them
| for the purpose of selling them, and
| whether they are the property of a
person or corporation they shall be listed
and taxed in the county, town or dis
| trict in which they may be located on
February 1st
Section 40. Live stock and other per-
sonal property connected with and used
! upon farm upon which the owner.
/ whether a person or corporation, does
| not reside, shall be listed and assessed
! in the county or district on which the
| farm is situated provided, that if the
! farm Is situated in more than one dis
! trict the personal property used I'm con-
necton with ii shall be listed and as
| sessed in the district which the principal
| farmhouse Of place of business is To-
| Gated.
Section Al. Steamboats,. barges and
! watercrafts of every kind shall be listed
| and assessed in the county, town or
| school district in which they are en-
| rolled, registered or licensed. and If not
! enrolled, registered or licensed, then in
the town, county or district where
/ usually kent