Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-03-08
NEW STATE OFFICERS
A Commissioner of Valuation For
Each City and County.
Tho Measure Passed by the General Assem-
bly, and Approved by tho Governor of
Virginia Tho Duties and the Compen-
sation ofthe Commissioners.

Following is the text of the bill as
offered in the House and passed that
body, as it passed the Senate, and as it
was approved by the Governor:
l. Be it enacted by the General AS
sembly of Virginia, That for each city
and county iii this State there shall be
appointed by Il board, consisting of the
Auditor of Public Accounts, Second Au-
dtor and Treasurer, q commissioner of
valuations of personal property and in
comes. who shall hold office for term
of five'years. and who shall discharge
the duties hereafter specified, but who.
before entering upon the discharge of
said duties. shall qualify before the
Corporation or Hastings Court of the
city of-Geunty Court of the county for
which he IS appointed, and enter into
bond in the penalty OF $4,000. 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
after this act goes into effect shall eX-
pre- on the S1st day of December, 1904,
or as soon thereafter as their successors
shall have qualified
2. 1t shall be the duty of the Commits
sioncr of Valuation to ascertain and re-
port TO the Commissioner of the Reve-
nue. of his city or county annually. as
OF the LIST of February of each wear
the valuation of the following personal
property and Incomes, belonging to in
dlVlaual, firms, or corporations (other
than the corporations now reporting
direct TO the Auditor OF Public Ac-
countS). residing or doing business i'm
said city or county, and subject TO
taxation under the laws of this State.
namely
First. All moneys. bonds, notes, or
other evidences of debt, and all stock
and shares of stock
second. All incomes in excess Of the
exemptions now allowed by law.
Third. All capital invested. used or
employed In any trade or business.
Fourth. All capital, including moneys
Greats. or other things remaining in
vested. whether said investment was
originally made in this or any other
o,ale or country, loaned. used, or en-
Pioyed In business in or out of this
State. ILLS
Fifth. All capital of any Joint stool,
company not otherwise taxed.
Sixth. All moneys on deposit with
any bank or other corporation. firm or
person.. -
This section shall apply to persons
80 iSSuihS VI uolnB business In
Saiu city or county, though said pcrsor
cialm residence elsewhere in the
state. but In such cases the report pro-
Vioeo Tor by this act shall be made to
the commissioner of the Revenue of
the county or corporation where such
residence is claimed
The Commissioner OF Valuation NAV
apply to any office Of this State, or
apply to or summon before him any Of
hcer or agent of any corporation, com
pany, or firm, or individual member of
sald nrm, or any person having knowl-
edge of, or interest in any matter about
which the Commissioner of Valuation
is authorized to inquire, to furnish any
information such person may have re-
lating thereto; and in all cases the
Commissioner of Valuation may admin
lster an oath to any person to make
true answers to such questions as he
may ask in relation to any such mat
ter. If any person, firm, or corporation
summoned as aforesaid fail or refuse
TO submit the examination OF fail to
disclose any matter in his possession.
about which the COMMISSIONS OF Val
uation shall interrogate him, he shall
forfeit not less than thirty nor more
than one thousand dollars for each fail
ure or refusal
3. When ascertained, the valuation
OF such property shall be entered by the
commissioner OF valuation In books to
-he-kept- by him for that purpose, in al
phabetical order of persons or corpo-
rations subject to taxation; and which
SAID books shall be kept open to public
inspection for examination and correc-
ton for period of thirty days com
mencing May the 1st of each year
The Commissioner of Valuation, pre-
vious to and during the time the said
books are open to public inspection,
mt y-n fn1 n
ner as he may deem most advisable, or
as he shall be authorized by the Audi
tor of Public Accounts.
4. The Commissioner of Valuation
may at any time prior to making his
report TO the Commissioner of Revenue,
increase or diminish the valuation
placed by him upon any such property,
as he may deem just. but he shall not
Increase any valuation after said books
are open to public inspection. except
after ten days notice to the party af-
fected by such increase.
.. During the time the said books
are open to public inspection, any per-
son considering himself agGrieved by
the valuation placed upon his property
may make application in writing to
the Commissioner OF Valuation to have
the same corrected, stating in detail
the grounds of his objection; and there
upon the applicant shall be examined
under oath by the Commissioner of
Valuation, VINO shall be authorized to