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


which Is located within this State. and shan fur
nIsn 20 the State Board Of Tax Commissioners
the subject OF said values. The Board taking into
nlshed by the appellant and such other nforina-
tion as they may deem relevant. shall determine
trety. and the value OF the portion thereof 10
ca I'D within this State and shall fix the amount
OF Indebtedness or obligation on which tne tax Is
due, so that II shall be such proportional part OF
as the value Of the mortgaged real estate within
ms state is of the value Of the entirety OF all
they shall give notice thereof in writing to the
appellant by mailing such notice to the address
Of the appellant stated in his appeal. The appel
oral hearing at a time to be fixed by the Board by
sgg9uesns the same IN "rl6ns "s4n zen eaid ten
days and after the hearing If a hearing is duly
make final and conclusive decision. In any sub
seQqent year the computation Of the regular an
shall be made by the recording officer 4 to conform l
Commissioners shall otherwise direct
LIABILITY TO SEIZURE
gage security therefor, in respect of which any
regular annual tax shall rot have been paid prior
mate Of such tax made by the recording ofcer in
manner aforesaid shall unless an appeal with n
taken be deemed delinquent, and shall be liable to
seizure and sequestration and sale. hereinafter
provided. 1t shall be the duty of the State Board
OF Tax Commissioners, at any time they see nj,
and from time to time, to investigate delinquent
debts obgations and SECURITIES or cause the
II for the interest OF the state they shau report
any delinquent debt or oblige ton. and the mort
judicial proceedings Thereupon Il shall be the
duty of the Acknowledgement with all conyenient
speed 10 institute and prosecute, prescribed in
Guent debt or obiigatfon and the mortgage security
therefor and against all property pertaining there
70 which by any provision OF this statute IS made
subject TO lien in favor Of the State: Except as
provided in this statute and in rules Of court 10 be
made hereinafter provided. said judicial proceed
ings shall conform, nearly may be. to pro-
ceedings in rem in the courts of the United States
hereby established
Ffrst-The proceedings shall be commenced in
the name Of the people of the state, by the Attor-
ney-General filing in the Supreme Court in county
where the mortgage is recorded. an tnfOrma ton
to IT. PgqPsEg Re @ B fa
ing to It, stating the facts constituting delinquency
ings may be in the following form: The People
against mortgage tax item Mo-. .in..... County
second-Upon said information it shall be the
quty OF the Court TO issue warrant ana rom
y adrese aS to an amy s5er Or obe @ ad
comma ndng him to seize all debts and obligations
the mortgage togetheT With the Mortgage security
therefor and to give notice of such seizure to all
persons interested. and TO return the warrant and
me manner OF execution thereof into court at a
Third-seizure of all debts and obligations Sc
fb oT OF wnch may al amy se ee seGTreq 9y
Tor. shall be deemed consummated so as to confer
sonal service within this State of a copy Of the
warrant Endorsed with certificate signed by the
Ing Sef ea a5ch thereto ne se5es se
debtor Or obiigor or in case tbe o ortsage dsbtoT
or obligor IS foreign corporation doing business
a person duly designated in the manner prescribed
in the Code Of Civil Procedure as person upon
served Within this State su'n When the moraSs
seizure shall Be deemed consummaed If made By
ng in the ONCE where the oTtg9ge Is , recorded
Fourth-Notice of the seizure shall be given by
"
the mortgage is recorded and by advertisement
81 Pq a5 @ Rs Gp in the the @
81 he eIpy OF the warrant the recording officer
column Of his list II shah be deemed sufficient
the advertisement Of seizure be published once
a week Tor six successive weeks. In each of the
newspapers OF the county designated for the pub
hqa cato! Of the Session Laws.
debtor or obiigor to certify to the Court oath,
against which the Court may deem proper 10 re
qgire and such duty may be enforced by process
stxth-Any person interested in the seized prop
erty may file a claim therefor and an answer as
ings which he may believe to exist, provided that
re an dqGa to ali s9 a29 nf to Its
that have accrued and gives such additional Sc
which is likely TO accrue before the termination
fbe 'e sfaa % I'M ana for al the expenses Of
that he produces and deposits subject 10 the or
tile interest The sszsd PFo 5y showing his
time to seQuestrate seized property and to order
the mortgage debtor or obllgor to paw INFO court
sRsetyely, and enjoi6 him from pIHS either
direct and II may aDpOInt A receiver To she cor
saa collect interest Or PRINCIPAL or both as the
shall expressly exonerate the mortgage debtor
mortgage or upon any present or future iebts or
obligations secured thereby or upon any bond.
such debt or obligation 10. any person whomso-
said ordeT 6T dir 9 9ney paio " with
Eighth-The Court may any time dismiss the
proceedings seized
posted moneys after all due taxes, together with
satisfied out Of sequestrated moneys or otherwise
Ninth--The Court after hearing claims. and af-
ter the determination OF any issues that may arise
property. Such sale shall in the purchaser
the same right, title and interest in and to the
thereof to him and delivery OF the paper Writings
evidencing the same. made by the owners thereof
would vest in him. and the order Judgment of
sale shall expressly exonerate the mortgage debtor
or ooligor accordingly as against an persons
Tenth-In the case of debt or obligation Sc
within this State and partly outside this State.
TsiHe Of the ronerfv ' o ~nlGh tRe
this state bears to the value Of the eGTetv Of all
the mOrtgaged property, and only much OF the
sge p4oPe S this % t2 the the Sedny
6 6 sad 4s 70 a1 mo- ia property shall
gage debtor or obiigor for principal and interest
would aSe be Ta6aoeP pro
Gonr sha m the the 6oT 2f 5h the
bility TO said persons among them in such way or
ways as II deems Just.
RIGHT OF REDEMPTION
Eeventh-After a consumnated sale person
shall have any right Of redemption In cases Of
default on the part of persons interested in the
seized property to appear and claim no Judgment
Of sale shall be entered during the period of least
year after payment of interest principal or
both shall have been stopped BY sequestration. At
any time before sale. duly contaminated defaults
may be opened absolutely conditonaIly
TWelfth-At any stage Of the proceedings the
Court shall have power TO issue special warrants
for the seizure OF any paper writing writings
eVidencng a debt obligation mortgage secur-