The times. [volume] (Richmond, Va.) 1890-1903, 1898-05-29
It May Cause Slump in the Real
Estate Market.
FOR A JUDICIAL CONSTRUCTION.
Small Property Owners Are Put 20
Much Trouble and Annoyance 10y
Real Estate Spectators Who
Claim They Desire TO Buy,

~ No., o.. - 80. .,,',,,.,.,,. o,,.a-
,>''-'
sAeu 10 tne lacl that thelI la" mas tu'H-
90 out TO be "a most Ubiquitous measure.
The purpose OF the law Is legitimate, of
courec II WAS intended IN mako tax-pav-
us sUrA lh TACT rainier IMAM A"IH'' "ii"
q S. argued that the tax rate would be
lnuch lower 80 au nooDl7 subject TO taxa
a. ....,.., ........... 20 ,,,,
-- "'N'~ '''~' ''''0 ''.0 va '''~
Stale 10y promptly paying their taxes
There was probably no thought in the
minds OF the Lawmakers that real estate
SPECTATORS would take advantage of the
loop holes in tho law. and by giving nO-
tice 90 those who had failed from some
purpose or another perhaps Through ILL
ness or lack of work. or other equally as
sad reasons 60 pay their taxes. that af-
ter the time prescribed by law. they
would purchase from the state their prop
erty that IS being held for taxes over
due.
but this thing has come about and
much Worry and anxiety not 20 say real
hardship. has been occasioned thereby.
The letter OF the law ls very clear. and
u is hard 90 tell az this stage what the
ultimate result may DE.
IT, may have depressing effect upon
the real estate market. or It may not.
That remains 90 Dee seen.
DETERRENT DEFECT PERHAPS
This law when DO is understood. may
have "a deterrent effect upon prospective
buyers with small means When they un-
49,. -I, ,.. l9.l ailer nuyins property with
cper.o lf iosl.. D. 80, NV - Ct
ecf, obstacle ~ - r,.,.s,5,t go Ia.
faves anon, mos. 1ost..I t.,s.r no
Tho law force %. .65r,-7,fr -, 80.
sr.su -.-,-..-.,. 80. '''. upou ,u0
rcrunuious noorro tbo on,,tt,,ri,,. ~,
gaining nora, f,r ,,o .,,,tii,. ,,.b't.,..,.
A partv vino is FIN dobt IN The Statc for
taNos. ara whose propertv is boinr held
bv tho State 'n lien OF the taxes can
cave himself the extra c>Donso of tho
s. allowed any ono that ma chancve TO
notify him that hc IS going 10 purchase
tho ur0rcrtv. bv having "a friend saud tho
notice bv previous understanding.
There are several fine points 10 be
considered ou tn. criminal side of the
question one Of which is whether or not
a man who makes application for the
property with 300 real intention of buy
ing Co. but simply in order 90 secure the
g rec ihai ls PROVIDED Tor lh lne meas
ure. i- not pracuoing cXtorion or ODE
tanning or attempting TO Obtain money
nnn"r raise 'fcienc,s.
To is understood that a number or the
parties whose property Us mo-" heI9 ny
inc STATE i0i taxes nave s'uEh. itsdl "u-
vice. ANA iltt ih' question VIII lH " l'"
o"Nf M StuhIll'l '' lA' f.vp', y'"-'
l'i JNilcidi ''i3 % "''i"i vi '''0 Jaw
Trr1- OpTTCTrONAgT.E MEASURE.
,r. t.r ...+ 80 .hl l.v. which MFR
..o-,. e.. f,. ..,, ,r,,r1roent ia section CGe
80 tb. r,,S, l,rt v,bI.b Is practically a
,.1,.. l,.s.,.-. follows.
re.1s as follows.
,yb,r rc,I estate So purchased I'm the
rar,e of Tine Auditor is not redeemed by
f,. --a,iors owner his heirs or assigns.
o- ..,,,, ,,.reo, having the right To- charge
a.. ...r.- ,.itb b. debit. within two year,
COON, tI. dat. of stlcb purchase. any per-
al, dasirirg fo purchase n shall file i'm
srrf..tior with the clerk OF the county
~ .,.,,.,-efia,, court wherein such real
estate be- situ8tel for the purchase of
eu.b real estate for the amount for
which the sale to the Commonwealth was
mad. together with such additional
sums AS would have accrued from taxes
ana rr,.i.-. and interest ir such real estate
"a t...- .. r,,r.tssed bv the Common
-...,l.. ,.if, 5rto~ret or the amount for
Ll'E +t. ..f5 eal. was made at per
... .,...,.,.. r-,,,, tho dav of sale
..f .., tb. odditior4t sums from the 18th
J.. ~ D..rr,ber fn the year iu which
......ft t.,,., accruo9 an which
....ti..tt,, vu bo SO. ont the name Of
,-.., fr ,,bose name the real cs-
.,. ..,4 ~ Tho 5sfc of the sale thereof
a., 3d.. commonwealth. and the person
,,t... ,ere I'M such real estate stands
w. ,b. Gete of said application ON the
....-,,teet,r,r,e hooks OF such county or
'..,',..,..tior I'm tbo event that IL has been
t..,..s.,rod contrary To- the provisions
e....t.,, ,eo .f tha Codc. or AZ any OF the
o., ......... D., l.ed mon the name Of
..,,t ,,,.r.loufative and the
49,. t-,,stccs r,ortr4rcos. ana
tl,,.,, b,. tho record in
49,. 80, ,,crtoope ON saia
guy l,.ir ,,ersooai represon-
...,,.,'tll tbc names Of any per-
''.''' b.. ,.r,ttted which do not APP
$50 ~ -a,c-d I'm the clerks office of the
80. ~, ,or.,orafiou i'm which the land
.',s.t1s and Ar a. be situated in the
-s pt.tr,ord which do not appear
a.. tt.l.io,i,,e oflre of the Chan
90 49,. 20 .,f1 civ. and provided
- ,,.. r,,rnee of any trustee.
4"I t..--' t-,.e,i,,,. ip any deed Of
mo 600 ..... ,.,hicb has becn re-
uuet "l NV. ,e., 49,, ,.,.,rs ,rior 10 date
coiu,l iNo. '''--, a. tikcvgise omitted.
OF "l,p"11 .,i - tbe order of the
an" 'ilo N'',I ,..,,,,e,, ar aqent make
app","''., -' ,'..,,cs ~ eaid appllcation
out - .. ..o--ors named therein
with one eoS S ,,Diees ot5ervise directed
he~' tf- ottorre,. or agent. de-
~, W. -, A. The sheriff or sergeant Of
HN'I VIC" --l-,.t(,, q, ,rhtch tho