The Forrest City times., 1912-06-07

= d v. real and personal. tangible and lntan- gible. not expressly by this Act exempted therefrom shall be subject to taxation in the manner by this Act prescribed.
 Section ?. All property described in this section to the extent herein limit ed. shall be exempt from taxation. to- wit:
 l. All schoolhouses. academies. col ieges. universities and seminaries of learning, with the books and furniture therein. and the ground attached to such buildings and necessary for the proper occupancy, use and enjoyment this provision does not extend to property leased or otherwise used with q 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 of same; such exemption shall not in- clude any property leased or in any manner used with a view to profit.
 , All lands used exclusively for Sraveyards. except such as are held with view to profit for purposes of speculation in the sale thereof.
 1. All property real and personal belonging to the United States or to this State
 5 All property belonging exclusively to any county. city. town. school dis Gict or improvement district held and employed exclusively for public pur- poses
 6 All buildings belonging to institu- tions of public charity. including orphan asyiums. houses for the fndfgeut and public hospitals. together with the lands actually occupied by such institutions, not leased or otherwise used with a view to profit and all supplies. furni- ture and personal property Of every kind. including moneys and credits. ap- prepriated solely to sustain and belong ing exclusively to such institutions.
 nd atH ratus used for the estinguishment of fires. with buildings used exclusively for safe keeping thereof. and for the meeting of fire companies, whether be longing to any town or to any fire company organized therein.
 S. All public libraries and all real and personal property belonging to or connected with the same.
 Q All property belonging to camp or grove meeting associations. Sunday School assemblies, Young Mems Chris tian 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 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 TOT pODllc pul- 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 O. otherwise used with a View to profit.
 Section 3. Real property. for the purposes of taxation, shall be construed to include the land itself and all build inSs, structures and improNementS 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 taiuing; also all trees growing thereon. and all mines. minerals. Qu3rries or fossils thereon or hereunder.
 Section. 1 Personal property for purposes of taxation shall be construed to include;
 l. All goods. chattels, moneys and
 ? 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. stea mships or other water craft located without this State, pro- yided. the same is not taxed by another State or sovereignty
 8 All Improvements made by others upon lands. the fee of which iS still vested ih the United States of 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,
 ( All stocks of nurserymen and florists. growing or otherwise.
 5. All gas. oil and water mains, pipes. conduits. subways wherever lo- csted; 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.
 $. Credits of every kind over and above debts owed by the creditor
 '. The income of every annuity. un- less the capital of the annuity be taxed in this State
 s All public stocks bonds and se- curities of every kind.
 9 All personal property situated in this State. of corporations. whether the owners thereof reside in or out of this State
 n Afl shares of stock in banks or lantzed under the laws of this State or of the United States.
 II. The capital stock. undivided prof its, and all other means not forming part of the capital stock of every com pany whether incorporated or unincor- porated.
 Section 3. 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.
 ,. The term oath wherever used in this Act shall be held to mean oath" or affirmation
 3. Every word in this Act denoting the masculine gender shall extend and apply to females well males.
 4. 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.
 :. 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"
 $. Tract" lot" parcel or piece" of land shall be held to mean any con tiguous quantity of land in the posses sion of. owned by or recorded the property of the same claimant or per son
 !, True and full value shall mean the usual selling price at the place where the proaerty to which the term ts applied shall De al the tisle Of as- esssment; being the price which would