Sec. 1. Be it ordained by the City Council of the City of , that all Lands, Tenements, and Hereditaments, situated in this , claimed by individuals, or bodies politic or corporate, shall be subject to taxation, except such Lands as may be owned by the City Corporation, societies, or corporations, for the purpose of burying Ground, the Temple Lot, unimproved Church Lands, and Grounds for the use of literary Institutions; The following personal property shall also be taxed, viz; Stud Horses, Asses, Mules, Horses, Mares, Cattle, Clocks, Watches, Carriages, Waggons, Carts, Money actually loaned, Stock in trade, and all other description of personal Property, <​and​> of the Stock of uncorporated Companies, so that every Person shall pay a Tax in proportion to the value of the property he or she has in his or her possession, the aforesaid Property declared subject to taxation shall be valued according to the true value thereof as hereinafter directed.

Sec. 2. The Recorder is hereby required to obtain from the most correct sources either within this or elsewhere, abstracts containing a description of all Lots and other Lands, so as to enable him to make a list of the same, and the name of the Owner, which list with the name of the owner he shall cause to be made out in the form of a Book having sufficient space between the lines to insert the description of subdivision of every lot or tract, and shall keep the same in his office. the aforesaid description of Lots and Lands shall be arranged in regular order beginning with the lowest number on the original Plat of the City of , and proceed in the same manner with each of the additions, and then the other Lands, beginning at the South West extremity of the [p. [1]]