Page:1862 Territory of Dakota Session Laws.pdf/439

422 . 7. When a person is doing business in more than one county, the property and credits existing in any one of the counties, shall be listed and taxed in that county, and the credits not existing in or pertaining especially to the business in any one county, shall be listed and taxed in that where the principal place of business may be. Any individual of a partnership is liable for the taxes due from the firm.

. 8. Insurance companies of every description, existing in other territories and states and operating in this, shall be taxed one per cent. for county purposes, and one per cent for territorial purposes, upon the amount of the premiums taken by them during the year previous to the listing in the county where the agent conducts that business, and the agent shall render the list and shall be personally liable for the tax; and if he refuses to render the list or to swear as berein required, the amount may be assessed according to the best knowledge and discretion of the assessor.

. 9. All personal property shall be listed, assessed, and taxed in the name of the owner thereof, on the first day of January of the then current year, and each owner shall be required to pay taxes thereon; but if the owner resides out of the county, it shall be listed by the agent or person having charge of the same.

. 10. All taxable property shall be taxed each year, and personal property shall be listed and assessed each year; real property shall be listed and valued in the year 1863, and in each second year thereafter, and shall be assessed at its true cash value, having regard to its quality, location, natural advantages, the general improvement in the vicinity, and in each year in which real estate is not regularly assessed, it shall be the duty of the assessor to list and value any real property not included in the previous assessment.

. 11. Bank-notes, and the stocks of corporations and companies shall be assessed at their cash value; credits shall be listed at such sum as the person listing them believes will be received or can be collected thereon, and annuities at the value which the person listing believes them to be worth in money.

. 12. In making up the amount of money and credits which any person is required to list or have listed and as-