Pocahontas star herald., 1912-06-07

tate owned by the company.
Z. The value of all tangible personal
property owned by the company and as
sessed under either section 16, is, 49,
2i, 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-
| gible property of the corporation and
shall be listed and assessed by the cor
| poration as agent for 'ts nhareholders
under the heading Intangible Prop
erty."
| Section 81. The corporation s required
to make the return provided 10" in section
30 of this Act shall list and assess their
tangible property real ana personal
-on the proper form as provided by sec
tions. 16. 49, 10. 81. and % hereof. The
return prescribed by section 30 hereof
is required in addition to the regular
lists provided by this Act. and its pur-
| pose is to secure the assessment of the
Intangible property belonging to the
| corporation.
section 80. Each of the statements
required by sections 6. IT, is, 49, 20,
| 21 90. %. 27, 2S and 30 of this Act
must be subscribed and sworn to by the
person making and filing same. Said
oath shall be in the following form:
J 'l.,..... ................. DO sOlemnly
7 swear Cor affirm that the list of prop
| erty as now rendered Nv RE contains
| all the personal property, which | am
by law required to list for taxation for
| myself Cor as. s....................
| that each answer made by me in said
statement is in every respect true; that
/ have valued each item of property at
| its true and full value in money: and
that in fixing the value of said property
l have not taken same at an amount
| below its true and fun 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 ss.me is assessed, and the trans
| fer or sa99 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 II 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 49, 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; If there be no
such Office or place OF business, then
at the place In this State where such
corporation transacts it's business.
Section SO. Every corporation. tho
| taxation of whose shares of stock is
provided by sections 22, 25 and 27 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 listed
and taxed in the county, town or
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 lists
shall be filed in the county, town or
school district in which the property
embraced in it is located.
Section 3S. Nonresdents of the
| State doing business in the State, eth
| er as principals or partners, shall be
taxed on the basis of the capital in
| vested in such business, as personal
I property in the district where such
| business is carried on, 90 the same OK
| tent as If they were residents of the
state. Money, negotiable securities.
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 the
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 a 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 where
such property is situated
Section 49, Logs. lumber, crossties
slaves. stave bolts stave headings
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 I'm the county, town or dis
triet in which they may be located on
February 1st.
Section 40 Live stock and other per-
sonal property connected with and used
whether 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-
/ nection with ii shall be listed and as
sessed in the district which the principal
farmhouse Of place of business is To-
Gated
Section A. 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 IL not
enrolled. registered or licensed then in
the town. county or district whore
usually kept
Section AZ Personal property of gas.
! water. electric light. street railway. tele-
graph telephone, toll road. toll bridge.
| sleeping car express, pipe lire. private
car lines and railroad companies shall
be listed and taxed i'm the county town
or district where located IL located in