Section. 1. Taxable property. 2. Property exempt. 3. School lands. Section. 4. Valuation of personal property. 5. Valuation of real property. PERSONAL PROPERTY. 6. Pers'nl property, when listed 7. How listed. 8. Where listed. 9. Farm property. 10. Live stock. 11. Property in hands of agent. 12. Purchaser's interest in ex empted lands, personalty. 13. Property in transitu. 14. Nursery stock. 15. Gas companies. 16. Stage companies. 17. Express and transportation companies. 18. Listing on behalf of another. 19. Owner removing, where assessed. 20. How place of listing fixed. 21. Schedule of property. 22. Oath to schedule. 23. Penalty. 24. Form of schedule. 25. When assessor may examine under oath and list property. Penalty for false swearing. 26. Government bonds. 27. Rules for listing credits. 28. Same. 29. Oath. 30. Listing and valuing property of bankers, brokers and stock jobbers. 31. Pawnbrokers. 32. Capital stock of corporations. 33. State and national banks, how assessed. 34. List of stock holders to be kept etc. 35. Shares listed in name of owner 36. How tax on shares collected; iien. 37. Dividends to be held for taxes. Shares sold. 38. Insurance companies, how taxed. 39. Railroad and telegraph pro perty. 40. Return to auditor. 41. False schedule, etc. Penalty. 42. Perjury. 43. Real property, where listed. 44. Same. 138. Tax on real estate a lien. 140. Lien when tax paid by agent 139. Tax on personalty. MISCELLANEOUS PROVISIONS. 141. Irregularities in assessments 142. Other irregularities. 143. Delinquent tax of railroad companies. 144. Injunction. Replevin. Tax paid under protest. 145. Refunding taxes. 146. No power to release taxes. 147. Taxes stricken from list. 148. List of lands to be procured by auditor. 149. Entries in treasurer's warrant book. 150. Redeemed orders. 151. Treasurer or collector not to purchase warrants. 152. Peddlers' tax. 153. Peddlers' license. 154. Peddling without license. Taxable prop erty. Be it enacted by the Legislature of the State of Nebraska: SECTION 1. The property named in this section shall be assessed and taxed, except so much thereof as may be in this chapter exempted: First. All real and personal property in this state. Second. All moneys, credits, bonds, or stocks, or other investments, the shares of stock of incorporated companies and associations, and all other personal property, including property in transitu to or from this state, used, held, owned or controlled by persons residing in this state. Third. The shares of capital stock of banks and banking companies doing business in this state. Fourth. The capital stock of companies and associations incorporated under the laws of this state. SEC. 2. The following property shall be exempt from Property extaxation in this state: First. The property of the state, counties, and municipal corporations, both real and personal. Second. Such other property as may be used exclusively for agricultural and horticultural societies, for school, religious, cemetery, and charitable purposes: Provided, that in the assessment of real estate, encumbered by public easement, any depreciation occasioned by such easement shall be deducted in the valuation of such property: Provided, further, that the increased value of lands by reason of live fences, fruit and forest trees grown and cultivated thereon, shall not be taken into account in the assessment thereof. empt. SEC. 3. School lands sold under any provisions of any school lands. law of this state, or such as have been heretofore sold, shall not be taxable until the right to a deed shall have become absolute, except the value of the interest of such purchasers, shall be taxable, which interest shall be determined by the amount paid and invested in improvements on such lands: Provided, that the increased value of such improvements by reason of live fences, fruit and forest trees, grown and cultivated on such lands, shall not be taken into account in assessing the value of such improvements. personal prop SEC. 4. Personal property shall be valued as follows: Valuation of First. All personal property, except as herein other-erty. wise directed, shall be valued at its fair cash value. Second. Every credit, for a certain sum, payable either in money or labor, shall be valued at a fair cash |