Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1900-03-09
COMMISSION OF VALUATIONS.

COMMISSION OF VALUATIONS.
The bill to provide for the appoint
ment OF commissioners OF valuation and
defining their duties has created almost
as much attention as the laDd-grab b law.
Captain R. s. Parks, OF Page, is the pa
tron of the bill, which is No. 553 The
law is as follows:
/. Be it enacted by the General A.
sembly of Virginia. That for each city
and county of this State there shnll be
appointed BY board consisting of the
Auditor OF Public Accounts, Second Au.
ditor and Treasurer, commission OF
valuation OF personal property and in
comes, who shall hold Office for term
of five years, and who shall discharge
the duties hereinafter specified, but who
before entering upon the discharge OF
said duties shall qualify before the cor
porstOn or hustings court OF the city or
county court of the county for which be
is appointed and enter into bond 10 the
penalty of FIVE thousand dollars, condi-
toned for the faithful discharge of his
duties, and payable to the Common
wealth of Virginia. The term OF office
of the commissioners first appointed a.
ter this act goes into effect shall expire
on the 3lst day of DE- cember, 1904, or as
soon thereafter as their successors shall
Rave qualified.
2. shall be the duty of the commits
sioner OF valuation to sc.rtain aud re-
port to the commissioner of the revenue
Of his city or county am ually, as of the
1t of February of each year, the valua.
ticn of the following personal properly
aud incomes. belonging to individuals,
firms. or corporations other than the
corporations now reporting direct to the
Auditor OF Public Accounts, residing or
doing business in said city or county,
ard subject to taxation un der the laws
of his State-3amely:
First. All money, bonds, notes, or
other evidences of debt, and all stock
and shares of stock.
Second. A Incomes 10 excess Of the
exemptions now allowed by law.
Third. Ali capital invested, used. or
IN oloyed in any trade or business.
Fourth. All capital, including mon
eys, credits, or other thing remaining
invested. whether said investment was
originally made 10 this or any other
Safe or country, loaued, used, or en-
ployed in business in or out of this
State.
Fifth. All capital Of any joint stock
COMPANY not otherwise taxed.
Sixth. All moneys on deposit with
any bank or other corporation. firm, or
person.
This section shall apply to persons
actually residing or doing business in
said city or county, though said person
claim a residence elsewhere in the
Slate, but in such cas- the report pro-
ii led for by this act shall be made to
the commissioner Of the revenue OF the
county or corporation where such res =
deuce is claimed.
The commi ssioner OF valuation may
apply to auy officer of this State, or ap-
DIV to or summon before him any officer
or agent OF any corporation, company,
,r firm, or individual member OF said
firm, or any pers,n having knowledge
OF or inter.s 10 any matter about which
the commissioner of valuation is author
lied 10 iuuuire, to furnish any infoim u
ton such person may have relsli lR
thereto, any IN all cast s the commits
.ioper of valuation may administer an
oa b to any person 10 make true an
swers to such questions as he NAV ask
in relation to any such matter. II any
person, firm, or corporation summoned
ss aforesaid fail or refuse to submit TO
the examination, or fail to disclose any
mst :er in his possession, about which
the com missioner of valuation shall in
terropste him, he shall forfeit not less
than thirty nor more than one thousand
dollars for each failure or refusal.
:. When aecertained, the valuation
of such property shall oe entered 6Y the
com mmissioner OF valuation 10 books to
oe kept by him for that purpose, In al.
ohabetical order of persons or corpora :
tions subject to taxation; and wnicn
eaid books shall be kept open to pubic
inspection for examination AID correc-
ion for q period Of thirty days COM
mencipe May of each year.
The commissioner of valuation, pre-.
vious to and during the time the said
hooks IRE open to public iospection,
shall advertise the fact in such manner
az he may deem most advisable, or as
he shall be authorized by the Auditor
of Public Accoun q.
4 The commissioner OF valuation
| NAV at any time prior to making bis
report to the commissioners of the reve'
nne increase or diDio Dish the valuation
nIaced by him upon any such property,
ss he NAV deem just, but he shall not
increase any valuation after said oooke
are open to public inspection, excep'
after ten days notice to the party d.
fected by such increase. ,
s. During the time the said books are
omen TO public inspection anv persot
considering himself sggrieved oy .n'
Valuation placed upon bis property may
make application 10 writing 10 toe com
missioner of valuation to have the sa@'
corrected, stating 10 detail the giouou
of his objections; and thereupon the sp
nlicsnt shall be examined under oatl
by the com missioner Of valuation WV
sball be au,horiz ID to administer sue
oaths. and, If in the Judgment OF :n
CON missioner of valuation the vsiust'o
of such applicants property be dee"s :
arroueous. he shall cause the eAme 70