Pine Bluff daily graphic., 1912-06-08

chant or nf d manufacturer. whether .
 person or corporation. shall be liste and taxed in the county. town or school district where Sucn business ts i carried on. Merchants and mauufac- i turers having more than one place of business shall make and file q sppara e list of the property pertaining to each place of business. Each of said lists shall be filed in the county. town or school district in which the property embraced in it is located.
 Section 3S. Nonresidents of the State doing business in the State, eitll- CT as principals or partners shall be taxed on the basis of the capital in vested in such business. personal property in the district where S'lch
 business is carried on. 10 the same ev- tent as if they Were residents of the State. Money. negotiable 1ecuriti irS bills receivable. open H"couTts. credits of every kind and closes in action of every character incident to. growing ont of or pertaining to said business shall be deemed to be situated at the place where the business is carried on and shall be taxed as part of said business. The amount of credits to be taxed shall he ascertaned in the same manner as are credits of residents of this state.
 Personal property of nonresidents of State. and not forming part of the capital invested in business in the state, shall be assessed in the name of the owner tnrfehf tcf purposes or luFiilll- cation and taxed in the district where such property is situated
 Section ;.!. Logs, lumber, crossties, slaves. stave bolts, stave headings
 fence posts. telegraph and telephone posts and other similar timber prod ucts cut for sale shall he deemed to be manufactured articles or materials
 in process of manufacture. as the ease may be. in the hands of the person who cut or manufactured them for sale, and merchandise. if they have passed int" hands of the person who bought them
 for the purpose of selling them. and whether they are the property of q person or corporation they shall be listed and taxed in the county. town or dis trict in which they may be located ou February lSt
 Section 4o Live stock and other per sonal property connected with and used upon a farm upon which the owner
 whether q person or corpora tion. does not reside. shall be listed and assessed in the county OF district on which the farm is situated; provided. that if t"" farm is situated in more taa1 one dis
 trict the personal property used in cor
 nection with it sh&ll be listed and as sessed in the district which the prncila. farmhouse of place of business is ln- cated
 Section Al. steamboats bar@es and watercraft@ of every kind shall be liste | and assessed in the county, town o% school district in which they are rolled. registered or licensed. and if not enrolled registered or lirerS"l !. ttcn iis the town. county or dist"i"t Where usually kept
 Section 42. Personal property of eas
 water. electric light street railway. t-le graph. telephone. toll road. toll bridge. sleeping car. express, pipe line. nrivate car lines and railroad companies shall he listed and taxed in the count 7. town or district where located. If located in and operated through more than one county, town or district then the value of the entire plant shall be ascertainel and there shall be allotted to each county, town and district it's propor- tionate part of the value of the plant. Section 43. The personal property of the estate of q deceased person shall be listed and taxed at the place of listing at the time of the death of such per son.
 Section A. The personal property of minor and every person under guard lanshin other than minor shall be liste | at the place where the property is lo- cated; provided, that all moneys credits investments in stocks and bonds of such persons under guardianship shall be listed at the place where the guardian T. Section 45. Personal property in the hands of an assignee. receiver trustee in bankruptcy or other court officer snaii De listed and taxed at the place or listing before the appointment of such assignee. receiver. trustee or other officer.
 section 4e When any person shall settle. or any association or corpora- tion shall organize in any county or this State. and bring personal property .ne'eIh a1ter the first day of February and prior to the first day of October in any year. it shall be the duty of the assessor to list and return such property TOT taxation that year. unless the owner
 thereof shall show to the assessor. under oath, and by producing a copy of the assessment. duly certified by the proper off1cers of State or county in which sald property was assessed. that the same property has been listed for taxa in, m the State. or in some other state or
 territory of the United States If such
 property is brought within any county after the assessor has made his returns for that year to the county clerk the assessor shall at once assess such prop efty and return the same to the county ] clerk. and the same shall be entered by the county clerk on the tax-books and collected as in other cases.
 Section 47. If any person of this
 State. after his personal property has
 is paid. shall Sell all of the same and not retain sufficient to pay the taxes
 thereon. the tax for that year shall be lien on the property so sold. The liable to any purchaser of such property
 Tor any taxes he owes thereon but the property so purchased shall be liable n
 the hands of the purchaser or purchas- CTS Tor such tax; provided however if
 the property be sold in the ordinary course Of mercantile trade it shall not he so liable in the hands of the pur- chasers. r
 Section AS. If the property of any
 taxpayer be seized by legal process so as not to leave sufficient amount ex- empt rom the levy and sale to pay the
 taxes. then the taxes on the property of
 such taxpayer shall at once fall due ana De paid from the proceeds of the
 sale of the property so taken on such process. in preference to all other claims against it.
 section 49. When any person is about
 to remove his property from the State. aIter the same has been assessed and
 before the taxes thereon have been paid, without leaving sufficient remaining for
 the payment of the taxes thereon the
 tax snail at once become due and pa y- able, which fact shall be determined by any court of competent jurisdiction in an action brought in the name of the state. for the use of the county against
 the owner or reputed owner of such
 property. which court may render
 1udgment thereon. and enforce the same by execution. Attachment may
 issue as in other cases, but without
 bond. and it shall be enforced as in
 Section 50 If property subject to
 taxation be sold. seized or attempted to remOVA1