taxation in this State, shall not be assessed against the shareholders of such company or corporation.

SEC. 3. Be it further enacted, That there shall be assessed upon and collected from every male inhabitant in this State, not exempt in section two of this act, over the age of twenty-one years and under fifty, the sum of one dollar and a half, as poll tax, which shall be applied exclusively in aid of the public school fund.

SEC. 4. Be it further enacted, That every person of

Poll tax.

full age and sound mind, and every firm, body politic or Statement of corporate shall when called upon, as hereinafter provi- taxable propded, forthwith make a full and true statement in writing to the assessor in the county in which he or she resides, in which shall be truly and distinctly set forth a correct description of all real and personal property not by this act exempt from taxation of which he or she is the owner, or holder as guardian, parent, husband or trustee, executor, administrator, receiver, accounting officer, partner, agent or factor, and also all moneys and credits Manner of deowned or held as aforesaid.

scription and

tion.

SEC. 5. Be it further enacted, That every person re-rate of taxaquired by this act to make or deliver such statement, shall set forth an account of the property held or owned by him or them, as follows; and upon the several items of property so named there is levied the tax at the rate described in this section.

1. An accurate description of each parcel of land, with the number of acres, and the value of the same, including the improvements thereon, upon which a tax of seventy-five one hundredths of one per cent. is hereby levied. 2. All wharves and wharf-boats, toll-bridges and ferries, turnpikes, and all passes, channels, or canals, where tolls are charged, street railroads, printing presses and materials, or their value, on which shall be levied a tax of seventy-five cents on the one hundred dollars of their value, from which the amount of school tax, when levied, shall be paid.

3. Steamboats, vessels and other watercraft plying in the navigable waters of the State, on their value, on which a tax of seventy-five cents on the one hundred dollars shall be levied.

4. Upon all sales of goods, wares and merchandise during the preceding year, and this shall include all goods, wares and merchandise kept on plantations for sale; and shall include all sales of such articles by any and every merchant and trader in this State, whether

the business commence on, before, or after the first day of January in the year, at the following rates: On all sales of fifty thousand dollars or less, thirty cents on the one hundred dollars; on all additional sales up to one hundred thousand dollars, twenty cents on the one hundred dollars; on all additional sales up to two hundred thousand dollars, fifteen cents on the one hundred dollars; on all additional sales up to five hundred thousand dollars, ten cents on the one hundred dollars; on all additional sales over five hundred thousand dollars, eight cents on the one hundred dollars.

5. The value of cattle over one year old, on their value, seventy-five cents on the one hundred dollars. 6. The number of mules over two years old, on their value, seventy-five cents on the one hundred dollars. 7. The number of horses over two years old, on their value, seventy-five cents on the one hundred dollars.

8. The number of hogs, sheep and goats over six months old, on their value, seventy-five cents on the one hundred dollars.

9. Every wagon, or other vehicle, on their value, kept for agricultural purposes, seventy-five cents on the one hundred dollars; for other purposes, seventy-five cents on the one hundred dollars.

10. All tools of whatever description and all farming implements, on their value, seventy-five cents on the one hundred dollars

11. All household furniture, on its value, seventy-five cents on the one hundred dollars.

12. All libraries not exempt by law, on their value, seventy-five cents on the one hundred dollars.

13. All jewelry, plate and silver ware, ornaments and articles of taste, pianos and other musical instruments, and paintings, except family portraits, on their value, seventy-five cents on the one hundred dollars.

14. All dirks and bowie-knives, sword canes, pistols, on their value, three-fourths of one per cent.; and fowling pieces and guns, on their value, at the rate of seventy-five cents on the one hundred dollars.

15. All cotton presses and pickeries, on their value, seventy-five cents on the one hundred dollars.

16. All studs, jacks, jennetts, on their value, seventyfive cents on the one hundred dollars; and all race horses, on their value, seventy-five cents on the one hundred dollars.

17. All gold and silver watches, and gold safety chains,

and clocks, on their value, seventy-five cents on the one hundred dollars.

18. All money hoarded or kept on deposit subject to order, either in or out of the State, except funds held subject to draft in the prosecution of a regular exchange business, seventy-cents on the one hundred dollars.

19. All money loaned and solvent credits or credits of value, from which credits the indebtedness of the taxpayer shall be deducted and the excess only shall be taxed, seventy-five cents on the one hundred dollars.

20. All money employed in buying and trading in paper, or in regular exchange business, or invested in paper, whether by individuals or corporations, except where the money so employed or invested is otherwise taxed as capital, sevety-five cents on the one hundred dollars.

21. The market value of the capital stock of all incorporated companies created under any law of the State, whether general or special, except such portion of the capital stock as may be invested in property and taxed otherwise as property, seventy-five cents on the one hundred dollars; but from the tax collected under this subdivision shall be paid for school purposes the amount levied by law for that purpose, and no municipal corporation shall levy on any such corporation or the shares of its stock for any purpose, or under any name, any tax, taxes, or imposts, greater than sixty cents on the one hundred dollars-except a license tax, when such is allowed by law,

22. All investments in bonds, except bonds of the United States and this State, seventy-five cents on the one hundred dollars.

23. All other property, real and personal, not otherwise specified herein or exempt by law from taxation, on its value, seventy-five cents on the one hundred dollars.

24. On the road-bed, track and all other real property of railroads, seventy-five cents on the one hundred dollars in value and on all personal property of railroads, seventy-five cents on the one hundred dollars in value.

real estate.

SEC. 6. Be it further enacted, That the description of Description of real estate may be as follows:

1. If the lands to be assessed be an entire section, it may be described by the number of the section, township and ange.

2. If the tract be a subdivision of a section author

real estate.

ized by the United States for the sale of public lands, it may be described by a designation of such subdivision, with the number of the section, township and range.

а

3. If the tract be less, or other than a subdivision, it may be described by a designation of the number of the lot, or other lands by which it is bounded, or in some way by which it may be known.

4. In cases of lands surveyed or laid out as a town, city or village, and a plat thereof recorded in the office of the probate judge of the county, if the tract to be assessed be a whole lot or block, it shall be described by the designation of the number thereof; if it be a part of a lot or block, it may be described by its boundaries or some other way by which it may be known, and it shall not be necessary to insert the quantity of such land in the assessment.

5. If the land to be assessed be a tract of which the subdivision is not known to the assessor, it shall be entered upon the roll by the boundaries thereof, or in some other way by which it may be known.

6. It shall be sufficient to describe lands to be assessed or sold for taxes in the manner heretofore in use, by initials, abbreviations and figures.

SEC. 7. Be it further enacted, That real property shall be estimated at its value in money according to the best Valuation of judgment that the assessor can form according to information, inspection or otherwise, taking into consideration its location, whether in town, city or in the country, its proximity to local advantages, its quality of soil, growth of timber, mines, minerals and quarries, or coal beds, and the amount and character of improvements; also the value of the mineral and timber interest, where they have become a separate and distinct interest by reason of a sale thereof to parties not owning a title in the lands themselves. In cases of disagreement as to value of property by the assessor, it may be referred to two freeholders in the beat or ward where the property is situated, one to be selected by the assessor, the other by the owner of the property or his agent; and in case of disagreement they may select a third person, and the property shall be assessed as any two of them may decide; said referees shall act under oath.

By whom to be listed.

SEC. 8. Be it further enacted, That the property of every ward shall be listed by his guardians; of every minor child having no other guardian by his father, if living; if the father be dead by the mother, if living; if

the mother be dead or married, by the person having it. in charge; of the wife, by the husband, if living and sane, and the parties are residing together; if the husband be dead or insane, or is not living with his wife, by the wife; of every person for whose benefit property is held in trust, by the trustee; of every deceased person by the executor or administrator; of those whose property or assets are in the hands of receivers, by such receivers; of every firm, company, body politic or corporate, by the president or principal accounting officer, partner or agent thereof; of all property in the hands or custody of any public officer or appointee of a court, by such officer or appointee; of those absent or unknown, by their agent or person having it in charge; of insane and idotic persons of full age, by their guardians if they have any; if they have no guardians by the person having it in charge; of lessors of real property, by such lessors. All per- Separate lists. sons required by this act to list property for others shall list it separately from their own and in the name of the

owner thereof.

SEC. 9. Be it further enacted, That the tax on steam-Tax on steamboats, vessels, and other water craft, shall be assessed boats, where and collected at the port or landing within the State payable, where such vessels are registered, if practicable; otherwise at any other port or landing within the State where such vessel may be. Pawnbrokers shall be deemed the owners of all property in their possession, for the purposes of this act.

SEC. 10. Be it further enacted, That taxes shall also be assessed by assessor in each county on and from the Additional sub following subjects, and at the following rates, to-wit:

1. On the gross amount of all sales at auction, made in or during the tax year preceding the assessment, except those made by or under the direction of executors, administrators, and guardians, as such, by order of the court or under legal process, and under deed, will or mortgage, at the rate of one half of one per cent., but in in case of sales by auction for any person, firm, association or corporation, at any one time, or under any one order, or consignment, the same rate as upon sales of merchants.

2. On the gross amount of premiums (after deducting therefrom losses paid, and all return premiums) received from their business in this State, during such tax year by any life, fire or marine insurance company, not chartered by this State and doing business herein, by agents

jects of taxation.

Auction sales.