Pocahontas star herald., 1912-07-05

tion secured by mortgage or deed OF
trust on property belonging to the COM
pany. and the aggregate market value
or actual value of such bonds
G. The assessed value of all real es-
tate owned by the company.
z. The value of all tangible personal
property owned by the company and as
sessed under either section l6. IL, IL,
2l, 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 it's shareholders
under the heading Intangible Prop
| erty."
Section 81. The corporations required
to make the return provided 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, 49, IS, 19 81, AM 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
Section s2 Each of the statements
required by sections 16, II, Is, 10, 20,
21. 22. 20. a. 2S and 80 Of this Act
must be subscribed and sworn to by the
oath shall be in the following form:
Observation-Disclosures. T do 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 Cor as. s....................
that each answer made by me I'm said
statement is i'm every respect true; that
/ have valued each item of property at
it's true and full value IN money; and
tbot ~, vi ha val Of 80 fyy
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"
Section SO. 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 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 o. 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 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 "a. 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
! 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 36. Every corporation. tho
taxation of whose shares of stock is !,
provided by sections %, 25 and 27 hers(
! Of shall make the return provide9 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 a mer-
chant or of a manufacturer, whether a
| person OF corporation, snail DC llstod
| 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
| CFoT of ~, tbo Gtaf al h
er as principals or partners shall be
taxed on the basis of the capital in
vested in such business, as personal
! property in the district where such
| business is carried on, 10 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 actiCl OF
every character incident to, growing
| out of or pertaining 10 said business
shall be deemed to be situated at tho
| place where the business is carried on
| and shall he taxed as a part of said
| business The amount of credits to be
| taxed shall be ascertained 4 the same
| manner as are credits of residents OF
| this State.
Personal property of nonresidents of
4 the State having an actual situs in the
| State, and not forming a part of the
| capital invested in business In the State,
shall be assessed in the name Of the
owner thereof for purposes of identifi-
| cation and taxed in the district whore
| such property is situated
Section &c. Logs, lumber crossties,
| slaves. stave bolts. stave headings.
| fence posts, telegraph and telephone
posts and other simiElr 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
| trict in which they may be located on
| February 1st.
Section 4O Live stock and other per-
! sonal property connected with and used
| upon a farm upon which the owner.
| whether a 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 it 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