New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-16

oents and obligations contemplated by the mort
gage had ever been incurred showing also what
part; 20 the actual amount of all Indebtedness or
| o'clock noon on the preceding first Monday OF July
was outstanding and secured by the mortgage C7l
mortgage at one-haif Of per cent q said actual
Facts must be alleged in said duplicate state
ments positively and without qualification or eva;
sion SAID duplicate statements must be verihed
oy the oath Of the said mortgage owner, OF, II ac-
! executed and acknowledged or proved by his at
t9rney IN fact and they must also be ackEowl-
the recording of deeds At or prior to the time OF
| presenting said duplicate statements said mort
gage owner deposit with the proper officer the
amount Of the tax due, less per cent thereof. as
forth in the duplicate statements should be found
must be ndorsd by the pfoper ocer upon each
ddu upst receipt for sueh deposit Money 50
Of the tax when the recording officer makes the in
cate statements At any time prior to the making
81 said Enforcement by the recording oftcer me
of the duplicate receipts for canceat on II re
must also present for examination mis- mortgage
and any otner paper upon which he relies to sup
ments Il shall he the duty Of the recoI ding ON
to satisfy himself by an examination OF the record
70 the title Of the person making the statements
and he shall examine and satisfy himself as 20 me
other matters SET forth therein and me ne peaie e
statements, substantially as follows: Amount Of
State taxes due at 70 o'clock on the fret Mon
of - in the year = TO be the sum Of s.. and
e one duacas IN his own oc
the other dupcate in the office of the state BGsI2
OF Tax Commissioners; Statements 50 nieG s' tn
be public records, and shall be arrangeab III ,nS
page Of the volume OF The record OF re mo
to which they relate respectively Hacn + foTth
therein in favor Of the mortgageor and an persons
against the owner of the mortgage and ali persons
claiming through under him. and as against . a.
persons who are who may at any time become
interested in the mortgage security. u.o.,
plated BY this section shall be made by the record
ing n1e IN the a6d hing OF the e
Printed forms Of the statements 9aths acknoWlre
attorney and recording officers endorsements con
tempated by this section shall be prepare 2y me
by recording officers to persons applying therefor.
MORTGAGE IN TRUST.
the debts and obligations secured thereby. notWih-
standing that they may be owned IN seysray s ny
tirety far liability for State taxes is con
to protect the mortgage security for the benefit of
the several persons owning tine oePtS an9 que 70
the State. and any mortgage doing so, shall have
several present and future obligations secured
thereby and upon the several Paper wT f ,s en
bursement of the amounts so paid, with interest
may nj S Be '5 OF sex By 6y oPtsg loans
n G ana anaogOGs @ those 6ernafter provided
or In any other appropriate manner but no trust
so2aBe dgence be Gsed to notify ali PERSONS con-
oernSSd, Any owner Of an OUTSTANDING o6igaIion
assign to the mortgage the right to collect from
principal and interest accruing upon the obliga-
ton or obligations owned b. him as shall be neces-
sary 10 pay such owners proportional part of the
taxes that have accrued or may thereafter at any
issued or be issued under the mortgage. provided
e OF Gn S sha be gyep to
Their. that said obligation owner shall present TO
obligation or obligations with ali unmatured and
Hnpaid coupons or interest warrants pertaining
gagee with memorandum OF such assignment
3 pefsrns o s @sa saSh re an %
part Of anT taxes 'f a MS proportional
gage. with the, interest due the mortgage on
any manner by the ortgagees lien or By any pro
memorandum OF assignment aforesaid shah be no. |
eF ee 6 69 4hd binding upon all future owners hold
wise AFFECT the negotabity or assgnab ility Of such
paper writings or Of the obligations evidenced
thereby. The assignment aforesaid shall impose a
70 the mortgage conforma6le herewith and the
the means provided bv tbIs st, VINO taLls TO use
10 any obligation owner who may be aggreved BY
Sec 3d. Any mortgage or owner Of a mortgage
fTa5 IN %riIng to the State Board OF Tax
Et Est tax ak relating to said mortgage in any annual
prior to the next succeeding first Mondav Of De- De-
Ggoer provided that at the time he deposits
mortgage is recorded security for the Stat a1
be applied to the payment of the tax When nalIU
ascertained and any then to be refunded to
and shall be perfected by delivering one duplicate
aforesaid Endorsed thereon to the recording ONCE
and by mailing the other duplicate the same being
for the DEPOSIT to h se BoeTd vii" of TAX regent GENT
appeal and deposit in the proper Column Of the
ilst aforesaid Such appeals shall be public
| hours They shall be arranged consecutiveIy ac-
cordng to the number Of the volume and page OF
the record Of the mortgages to which they relate
In he flee Of
ing oIflcer and Of the State Board of Tax Commits
sioners- The appeals shall be- respectively, con
courts and proceedings as against the Appellant,
and all persons claiming through or under him
az any time become interested. in any debt or
oDIgation secured by the mortgages 10 which such
edged in accordance With the laws reeTatRR NE
recording of deeds Ii must also be verified nv
the oath Of the appellant Of some person having
grounds Of appeal and all facts relied on to supp C
suGh grounds distinctly and positively set forth.
appellant to a determination thereof and Of the
amount OF tax due. by said State Board in accord
ance win the rules laid down in this article An
appeiant may state any grounds Of appeal which
outstanding Indebtedness subject to tax at the time
the tax accr9ed was less than found or assessed
mortgage was not lien on any real estate situated
The State Board OF Tax Commissioners must sit
at their office. In Albany, the second Wednesday
Of December in each year for the open public
hearing of all such appeals. and they may their
discretion sit for such purpose other times be
nxed oy theTn Thereafter they shall consider and
determine the several appeals and ascertain the
amount Of tax due, to them shall seem lawful
and proper. upon the matters stated in said ap-
peals respectively, and upon any other sources of
/ ascertainment OF the amount of tax due They
may require appellants 10 produce original docu-
Of fS stated In the and t 5hsg
! BY recording officers and other officials They
shall certify their decisions from time to time.
trOller. who shall the amount FOUND due