Year: 1859

March OF the then current year; but i


the owner resides out of the Territory, j


Is to be listed and taxed where it may b,


at the time of the listing; and if th,


agent or person having charge of sucI
property, neglects to hist it, he will B,


subject to the penalty hereinafter. provi.


ded.


sec. 10. A person required to list prop.


erty in behalf :of another, shall list it II


the same county in which he would be re.


quired to list it, if il were his own, ex.
/ fcepl as herein otherwise directed, but be


must list It separate from his own, nam.


ing the eperson or estate to whom it belongs


but the undivided property Of a person


deceased, belonging to his heirs, NAV be


listed as belonging to such heirs without


enumerating them.


Sec. l6. The property of corporations
OF companies constructing canals, rail-


ways, plank roads, graded roads, turn.
pike roads, and similar improvements, is


taxed through the shares of the stock
holders; and when any such stockholders
are non-residents their interests are to


be taxed in this Territory, in the count=
In which is either terminus of the strhc-


ture IN this Territory, and to that end the
assessor is directed to require of the Sec
retary or clerk Cor whatever officer of
corresponding duties there may be) TO
render under oath list of the names and
residences Of such nonresident stock
holders, with the number of shares be-
longing to each, and both the par value.
and market value of the shares: bat if
such secretary or other corresponding of.
flcer does not reside in this Territory.
the assessor may require the same of any
other officer residing in the Territory,
and If such officer refuses to give the re-
qlslte information, then the shares of nom
residents shall be assessed to the compa-
ny or corporation, and may be ascertain
ed IN the best manner possible, within the
power of the assessor, and the county
commissioners, may, at their discretion,
add fifty per cent to the amount so re-
turned, and the property of the company
shall be liable to sale, as real estate for
the taxes of the shareholders, and the
county first assessing is to levy and col
lect the tax. 9


Sec. IL. When a personis doing busi-
ness IN more than one county, the prop
erty and credits existing in any one of
the counties are to be listed and taxed in
that county, and credits not existing in.
nor pertaining to the business especially.
In any one county, are to be listed and
taxed IN that county where his principal
place of business may be. Each indi-
vldual of a partnership is liable for the
taxs due from the firm.


Sec. Is. Insurance companies of every
description, except mutual insurance
companies, chartered in other states, and
transacting business in this Territory,
shall be taxed one per cent for county
and one per cent for Terrific
rial purposes, upon the amount of the
premiums taken by them during the wear
previous to the listing, in the county
where the agent conducts the business; and
the agent shall render the list, and shall
be personally liable for the tax; and if
he refuse to render the list, or to swear
as herein required, the amount NAV be
assessed according to the best knowledge
and discretion of the assessor, and the
county board of equalization may, at their
add fifty per cent to the amount
returned by the assessor.


Sec. 10. All taxable property is to be
listed and valued each year, and real
property is to be assessed at It's true val
ue IN money at private sale, having re-
gard to It's quality, locality and natural
advantages, the general improvement
in the vicinity and all other elements of
value.


Sec. 20. DEPRECATED bank notes, and
deprecated stocks or shares in corpora
tlons or companies, may be listed attheir
current value and rate; credits shall be
listed at such sums as the person listing
believes will be received or can be collec-
ted; and annuities at the value which the
person listing them believes them to be
worth In money.


Sec. 81. In making up the amount of
credits which any person is required to
list, he will be entitled to deduct from
this gross amount, the amount of all bona
fide debts owing by him, but no acknowl-
edgment of Indebtedness not founded on
actual consideration. and no such ac-
knowledgement made for the purpose of
being so deducted, shall be considered a
debt within the intent of this section;
and so much only of any liability Of such
person as security for another, shall be
deducted, as the person making the list
believes he is legally or equitably bound
to pay, and SO much only as he believes
he will be compelled to pay on account of
the inability Of the principal debtor; and
if there are other sureties able to con-
butte, then so much only shall Be deducted
as he N whose behalf the list is made.
will be bound to pay or contribute, but no
person will be entitled to a deduction on
account of an obligation of any kind Civ
en- TO an insurance company for the pre-
MUM Of insurance, nor on account of an
unpaid subscription to any society, nor on
account of subscription to, Of install,
ment payable on, the capital stock of any
company or incorporation.


Sec. %. Any person owning. or hav-
ing IN his possession or control, within