The Sentinel=record., 1912-06-27
rCR ACT NO. l, AGAINST ACT NO. l,

bly, or the state Of Arkansas. Re it Enacted by the People oe .h State of Arkansas: ss Section l. All property in this sfata real and personal. tangible and infani gible. not expressly by this Act to taxation in the manner by this ncs prescribed
 section ?, All property described ir this section to the extent herein limit ed. shall be exempt from taxation. to. l. All schoolhouses academies col- leges. universities and seminarias nf learning. with the books and furniture therein, and the ground attached to such buildings. and necessary for the prones occupancy. use and enjoyment: this provision does not extend to property leased or otherwise used with a view to profit
 q 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
 B. All lands used exclusively for eraveyards, except such as are held of speculation in the sale thereof
 4 All property, real and personal belonging to the United States or to this State.
 All property DElOiEinB cNflNS1VplV 10 any county. city, town, school dis trtct or Improvement district held and employed exclusively Tor public pur- poses
 tions of public charity. including orphan ssvIums houses for the indigent 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- tare and personal property of every kind including moneys and credits ap- propriated solely to sustain and belong ing exclusively to such institutions.
 All fire engines and other appa- ratas used for the extinguishment of fires with buildings used exclusively for safe-keeping thereof, and for the meeting of fire comp par nies, whether be- longing to any to Nn or to any fire company organized therein.
 & 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 fan Associations, societies for religious instruction or worship, expressly dedi- cated and necessary for their proper oc- cnpancy. 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
 
 society or industrial exposition.
 IL All pubic market houses squares parks and other public ground owned and used exclusively for public pur- poses and ali 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 or otherwise used with a View to profit Section g. Real property. for the purposes of taxation, shall be construed Co include the land itself and all build ings, structures and Improvements or other fixtures of whatever kind thereon. and all rights privileges and franchises tuniess by this Act otherwise provided). 1. thereto belonging or in hnywise per taining; also all trees growing thereon. and all mines minerals, auarries or fossils thereon or thereunder.
 Section. l. Personal property for purposes of taxation shall be construed to include
 L All goods. chattels, moneys and effects.
 2. 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. steamships or other water craft located without this State; pro- vIded the same Is not taxed by another State or sovereignty.
 3. All improvements made by others
  vested in the United States or this State. and all improvements and other structures, upon lands the titles of which are vested in any railroad com erty is not subject to the same mode Uf taxation Hs other property.
 {. All stocks of nurserymen and Florists, growing or otherwise.
 5. All gas oil and water mains, pipes. conduits. subways wherever lo- cated; au tracks, roads and bridges of street railways. turnpike and bridge companies. and all poles wires and other apparatus of telegraph and tele- phone lines.
 6 Credits of every kind over and above debts owed by the creditor.
 l The income Of every annuity un- l.ss the capital of the annuity be taxed 10 this State
 All public stocks, bonds and SC. cufities of every kind.
 All personal property situated ir tnis state. of corporations whether the owners thereof reside in or out of this ie All shares of stock fin banks. or. EAnized under the laws Of this state oi of the United stases.f
 II. The capital stock. undivided prof Ills and all other means not forming part of the capital tock of every com porated.
 Section D. In the construction of this NfNe Attt lbitoWllE Iuith VIII bt obHSt ca unless such construction would bs inconsistent with the manifest inten' ,ivh of the Legislature. or repugnant to the context;
 Person" shall include firm, com. pany or corporation.
 Z. The term oath wherever usec n this Act shall be held to mean oath or affirmation"
 5. Every word in this Act denotnl tne masculine gender shall extend anc laa Q al aa
 Pensions receivable from th' united States. or from any State, sal aries or payments excepted. shall mol pe held 10 be annuitfes within ths meaning of this Act.
 D Town" shall be held to meal city, town or village if laid out in lots of blocks as prescribed by law, whether heorporated or not, and district shal pc held to mean school district"
 D Tract" lot" parcel" or piece ot land shall be hell to mean any con saSas quantity of land fin the posses s,vh or owned by or recorded as m son
 True and full value" shall meal
 e usual selling price at the plac ,mnete the property to which the tern applied shall be at the time of as ssessment, being the price which would V obtained therefor at private sale an' hot at forced or auction sale
 2, Merchant shall include ever psFson who owns. or has in his possessio ,e subject to his control. with authorlt. " seH the same. any personal propert' Withln this State purchased with tn