Mill

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Mill

One-tenth of one cent: $0.001. A mill rate is used by many localities to compute property taxes. For example, some states levy a one-time nonrecurring tax of two mills per dollar (0.2%) on the fair market value of all notes, bonds, and other obligations for payment of money that are secured by mortgage, deed of trust, or other lien on real property in lieu of all other taxes on such property.

MILL, estates. Mills are so very different and various, that it is not easy to give a definition of the term. They are used for the purpose of grinding and pulverising grain and other matters, to extract the juices of vegetables, to make various articles of manufacture. They take their names from the uses to which they are employed, hence we have paper-mills, fulling-mills, iron-mills, oil-mills, saw-mills, &c. In another respect their kinds are various; they are either fixed to the freehold or not. Those which are a part of the freehold, are either watermills, wind-mills, steam- mills, &c.; those which are not so fixed, are hand-mills, and are merely personal property. Those which are fixed, and make a part of the freehold, are buildings with machinery calculated to obtain the object proposed in their erection.
     2. It has been held that the grant of a mill; and its appurtenances, even without the land, carries the whole right of water enjoyed by the grantor, as necessary to its use, and as a necessary incident. Cro. Jac. 121, And a devise of a mill carries the land used with it, and the right to use the water. 1 Serg. & Rawle, 169; and see 5 Serg. & Rawle, 107; 2 Caine's Ca. 87; 10 Serg. & Rawle, 63; 1 Penna. R. 402; 3 N. H. Rep. 190; 6 Greenl. R. 436; Id. 154; 7 Mass. Rep. 6; 5 Shepl. 281.
     3. A mill means not merely the building, in which the business is carried on, but includes the site, the dam, and other things annexed to the freehold, necessary for its beneficial enjoyment. 3 Mass R. 280. See Vide 6 Greenl. R. 436.
     4. Whether manufacturing machinery will pass under the grant of a mill must depend mainly on the circumstances of each case. 5 Eng. C. L. R. 168; S. C. 1 Brod. & Bing. 506. In England the law appears not to be settled. 1 Bell's Com. 754, note 4, 5th ed. In this note are given the opinions of Sir Samuel Romily and Mr. Leech, on a question whether a mortgage of a piece of land on which a mill was erected, would operate as a mortgage of the machinery. Sir Samuel was clearly of opinion that such a mortgage would bind the machinery, and Mr. Leech was of a directly opposite opinion.
     5. The American law on this subject, appears not to be entirely fixed. 1 Hill. Ab. 16; 1 Bailey's R. 540; 3 Kent, Com. 440; see Amos & Fer., on Fixt., 188, et seq.; 1 Atk. 165; 1 Ves. 348; Sugd. Vend. 30; 6 John. 5; 10 Serg. & Rawle, 63; 2 Watts & Serg. 116; 6 Greenl. 157; 20 Wend. 636; 1 H. Bl. 259, note; 17 S. & R. 415; 10 Amer. Jur. 58; 1 Misso. R. 620; 3 Mason, 464; 2 Watts & S. 390. Vide 15 Vin. Ab. 398; Dane's Ab. Index, h.t. 6 Cowen, 677.

MILL, money. An imaginary money, of which ten are equal to one cent, one hundred equal to a dime, and one thousand equal to a dollar. There is no coin of this denomination. Vide Coin; Money.

References in classic literature ?
She 's dying of consumption, you know," began Miss Mills, as her nimble fingers flew, and her kind old face beamed over the work, as if she put a blessing in with every stitch.
Polly took the bit of paper Miss Mills gave her, and read these words:
If I had seen in one of those mills (but I did not, though I looked for something of this kind with a sharp eye), the most lisping, mincing, affected, and ridiculous young creature that my imagination could suggest, I should have thought of the careless, moping, slatternly, degraded, dull reverse (I HAVE seen that), and should have been still well pleased to look upon her.
Selecting from the few queer houses upon Mill Pond Bank, a house with a wooden front and three stories of bow-window (not bay-window, which is another thing), I looked at the plate upon the door, and read there, Mrs.
Borrowing was out of the question: six months before he had given his only security to raise funds for necessary repairs to the mill, and he knew that without security no one at Starkfield would lend him ten dollars.
You sent in word that you were in Mill Valley last night?
It matured in sixteen months in that climate, and I was ready, just ready and no more, with the mill for the grinding.
When he had gone beyond the irregular line traced by the town upon the hillside, he came in sight of the mill and the valley, and of one of the loveliest landscapes that he had ever seen.
The same great manufacturer, always with an immense variety of work on hand, in every stage of development, passed Sissy onward in his mill, and worked her up into a very pretty article indeed.
Why, THE mill--the mill as takes up so little room that it'll work inside a Stone Jug; and always goes better when the wind's low with people, than when it's high; acos then they can't get workmen.
In Church Street, Smith Square, by Mill Bank, ma'am.
The rush of the water and the booming of the mill bring a dreamy deafness, which seems to heighten the peacefulness of the scene.