The Forrest City times., 1912-06-07

l. The value of all tangible personal 1 property owned by the company and as-
 sessed under either section Is. IS. 1s. | 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- l gibie property of the corporation and | shall be listed and assessed by the cor
 poration as agent for It's shareholders
 under the heading Intangible Prop | erty"
 Section 3i. The corporations required
 to make the return provided for in section
 30 of this Act shall list and assess their
 tangible property. real and personal.
 on the proper form provided by sec
 tons. l6 1S. 19. 21. and 22 hereof The
 return prescribed by section 90 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 32 Each of the statements | required by sections l6, IT, iS lg % | 21. % 25, 27. 2S and 30 of this Act l must be subscribed and sworn to by the
 person making and filing same. Said
 oath shall be in the following form:
 swear Cor affirm) that the list Of prop
 erty as now rendered by me contains l all the personal property which I am
 by law required to list for taxation for myself Cor as. | that each answer made by me in said 1 statement Is In every respect true. that | I have valued each item of property at l its true and full value Tn money: and 1 that in fixing the value of said property | l have not taken same at an amount l below it's true and full value in money l because of the fact that was assess ing said property for taxation"
 Section 33. Except as may be by
 erty shall be listed and valued as on l the first day of February in the year | in which same Is assessed, and the trans | fer or sale of any taxable property sub. nf Eah | shall not authorize any person to omit l the same from any list. although such
 list shall not be made until after the 1 sale or transfer of such property but | all such property shall be listed for l taxation in the same manner as If no
 sale or transfer thereof had been made. 1 Put where bonds of the United States 1 have been purchased by any individual 1 or firm during the year prior to the
 first day of February and such indi- 1 vidual or firm is claiming exemntton l because of such bonds. where property 1 is required to be listed as of that day
 the value of such bonds in money shall
 shall he multiplied by the number of
 months or fractional parts of months 1 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 coun ! 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 1 place of business of such corporatio, |. | located in this State; if there be m
 such office place of business tben
 at the place in this State where such
 corpora ton transaets it's business. Section 36 Every corporation fhe ! taxation of whose shares of stock is ] provided by sections 22 25 and 27 hare ! of. shall make the return provided by 1 said sections and list for taxation said 1 shares of stock in the county, town 1 or school district where the principal
 office of such corporation may be To- ! cated.
 Section 37. The personal property 1 pertaining to the business of mer-
 chant or of manufacturer whether q
 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 a separate list Of the property pertaining to each place of business. Each of said lists
 shall be flied in the county. town or
 Section 3s. Nonresidents of the
 state doing business in the State. eith- | taxed on the basis of the capital in-
 vested In such business. as personal | property in the district where such 1 business Is carried on, to the same ex- 1 tent as if they were residents of the l state. Money. negotiable securities. l biifs receivable. open accounts credits
 of every kind and chooses in action of | every character incident to. growing l out of or pertaining 70 said business
 shall be deemed to be situated at tho | place where the business is carried on and shall he taxed as part of said 1 business. The amount of credits to be | taxed shall be ascertained in the same manner as are credits of residents of
 Personal property of nonresidents of i the State having an actual situs In the | State. and not forming a part of tho l capital invested in business in the State | snail 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 39 Logs. lumber crossties. i slaves. stave bolts. stave headings.
 fence posts, telegraph and telephone | uets 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 l 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 l and taxed in the county. town dis i trict in which they may be located on
 
 Section 40. Live stock and other per sonal property connected with and used l upon a farm upon which the owner whether person or corporation. does i not reside. shall be listed and assessed ! in the county or district on which the l farm is situated; provided that if the l farm is situated in more than one dis- ] triet the personal property used in con i nection with 1t shall be listed and as- i sessed in the district which the principal 1 farmhouse of place of business is To- l cated
 Section fl. Steamboats. barges and
 watercrafts of every kind shall be listed and assessed in the county town or school district in which they are en- i rolleA registered or licensed. and if not enrolled. registered or licensed then In the town. county or district where
 usually kept.
 Section 42. Personal property of gas water. electric light street railway tele- graph. telephone. toll road toll bridge sleeping car. express. pipe line. private car lines and railroad companies shalt be listed and taxed in the county town | n disfr tnf Aha al V$