The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-24

due him before the expiration of the
calendar year, and the person owing such
debt or having such property in possession
shall be liable for said tax.
Any corporation, firm or person who
shall, on demand, refuse TO give to the
tax collector a list of all persons en-
ployed by them, who are liable for tax,
shall be guilty of misdemeanor.
The Board of Commissioners of each
county shall at their session of April,
1908, and every fourth year thereafter,
appoint three freeholders in each town
ship, who shall be known as the Board
| Of List Takers and Assessors, and who
shall list and assess the real and per-
sonal property in said township for tax
alton. They shall ascertain the true
value in money of all personal and real
property with the improvements thereon,
and assess the same in accordance with
said valuation.
Real property shall be valued by the
assessors either from actual view or from
the best information that can be OBJ
tanned at the full value which could or
dinarily be obtained therefor at private
SALE
All articles of personal property shall,
as far as practicable, be valued upon
actual view at their true cash value. If
the assessors have sufficient evidence
upon which to form belief that such
person has other personal property liable
to taxation they shall report the fact to
the board of county commissioners, who
shall take action necessary to get said
property on the tax list
The purpose of the tax laws of this
State is to have all property and subjects
of taxation fairly assessed at the value
which would be realized thereupon by
cash sale in such manner as such prop
erty is usually sold, but not by forced
sale thereof, and the words market
value" or true value" used in the tax
laws shall be held to mean what the
property would bring at cash sale when
sold as such property is usually sold.
The board of tax listers and assessors
shall make complete return of ir as
sessments to the board of county com
missioners on or before the first Monday
in July, with affidavit annexed. They shall
also take an oath of office before entering
upon the discharge of their duties.
The board of county commissioners and
the chairman of the board OF. list takers
| and assessors of the several townships
| and wards shall constitute board ot
| equalization for the county, and snail
meet on the first Monday in July, the
| chairman of the board of county commits
/ sioners to be chairman. Said ooard shall
| equalize the valuation, raising that OF
| such property as in their opinion has
been returned below true value, and vice
versa.
| The board OF county commissioners shall
/ allow each list taker and assessor such
| compensation as said board shall deem
proper for each day actually engaged in
! performance of duties, and shall also al
! low each member of the board of equall-
| cation such per diem for the number OF
DAYS actually engaged as they may deem
| proper. and in addition mileage of five
| cents per mile.
List takers and assessors shall make
out their accounts in detail
Each township list taker shall advertise
in five or more public places notifying
/ all tax payers to return all real and per-
sonal property on June 1st
/ Every person owning property is re-
| quired to list, sign and deliver TO the
| list taker a statement, verlhed by oath,
of all real or personal property, moneys
credits, investments in bonds, stocks, JOINT
stock companies annuities or otherWi~'
and the value of Improvements on real
estate since same was assessed in his
possession or under his control on June
1st Whenever personal property has
been conveyed in trust and the trustee
resides out of the State, but the trustor
resides within the State, such property
shall be listed for taxation by said trus-
tor All personal property in the hands OF
guardian, executor or administrator
shall be listed only where their wards re-
sided on June list, and where deceased
resided at date of death, unless such
wards or deceased persons were non
i residents in which case guardian OF
executor shall list said property where
he resides on June list. Any person who
to evade payment of taxes, surrenders
certificates of deposit for nop-taX paying
i securities or surrenders taxable fol-
non taxable property, and after date OF
listing property takes back said prop
erty. shall be guilt of misdemeanor.
All bona fide Indebtedness owing by
any person may be deducted by the tax
lister from the amount of such person
credits
/ Tax listers and assessors shall place 6
valuation upon improvements separately
j from the lands themselves.
Failure to list property shall be pun
ished by forfeit of ten dollars for every
hundred or major fraction thereof with
held. All forfeitures collected shall be
4 paid to the county treasury Sheriff tc
investigate and bring action upon COM