Pocahontas star herald., 1912-06-28

tate owned Dy tne company.
Z. The value of all tangible personal
property owned by the company and as
sessed under either section 1G. Is, 10,
81, or 20 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 its shareholders
under the heading Intangible Prop
erty."
Section 81 The corporations required
TO make the return p~ovided for in section
80 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. 21. AMI 22 hereof. The
return prescribed by section 80 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.
required by sections 16. II. IS, 10, 90.
81, 22 25, %, 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:
T.. ..,..,....:... .;....: 90 solemnly
swear Cor affirm that the list of prop
erty as now rendered by me contains
all the personal property which / am
by law required to list for taxation for
myself Tor as. ..................)
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
I have not taken same at an amount
below its true and full value in money
because of the fact that was assess
ing said property for taxation"
Exnant h. Y<.~
this Act otherwise provided, all prop
erty shall be listed and valued as on
the first day of February I'm 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 quotlent
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 shnll be listed as money on
hand on the first day of February.
Section 81 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 80. The capital stock and
property of corporations except as
otherwise piovided. shall be listed and
taxed in the county, town or school dis
trct. 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 its business
Section SO. Every corporation, tho
taxation of whose shares OF stock is
provided by sections go, 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 n 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 a 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 49, Nonresidents of tho
State doing business in the State. eith-
er as principals or partners, shall be
taxed on the basis of the capital in
Uagtah In hncinoac
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 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 IL the State,
shall be assessed in the name of the
owner thereof for purposes of identifi-
Gation and taxed in the district whore
such property is situated.
Section 80. Logs. lumber, crossties,
slaves, stave bolts, stave headings.
fence posts, telegraph and telephone
posts Nand 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 a farm upon which the owner,
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 in con-
nection with it 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 kept
Section A. 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 shall
be listed and taxed in the county town
or district where located. If located in