Bisbee daily review., 1902-06-13
ORDiNNcE NO. 17.

An ordinance for the assessment. levy and collection of city taxes for the city of Bisbee. Be 1t ordained by the mayor and council of the city of Bisbee: Sec. l. All property of every kind and nature whatsoever within said city, shall be subject to taxation. ex- cept such property asis exempt from taxation unper the laws of the terri tory of Arizona.
 Sec. 2. There shall be levied ann,i- ally upon the assessed value of the real and personal property within the city, as shown by the equalization roll of .he current year, except such as is, or may be exempt from taxation un- der the laws of the territory in each year, the following taxes: 1st- Not exceeding four mills on the dollar of such assessed valuation to defray the salaries of officers. and the ordinary and contingent expenses of the city, not otherwise provided for. 2nd. Not exceeding two mills on the dollar of such assessed valuation, for the pur- poses of constructing and repairing streets, sewers, side walks and cross walks, or bridges and culverts, upon such streets or side walks. Srd.. Not exceeding four mills on the dollar of such assessed valuation to defray the interest on the public debt of the city.
 Sec 3. All ordinances levyinS taxes for any or all of the purposes above specified shall set forth the purpose for which the same is levied, and the rate levied for each; but in all the proceedings for the collection thereof. any two or more of said taxes may be computed together and collec- ted. as one tax; but the aggregate amount of the several taxes when collected, shall be set apart to their seperate and proper funds.
 Sec. 4. The mayor and common council shall, on the 1st Monday in September of each year, by ordinance assess the amount of taxes that shall be levied for city purposes. The may or and commoncouncil shall, prior to the first Monday in July in the year 1902,and thereafter prior to the first Monday in February of each year, cause to be prepared suitable books for the use of the city assessor; in which he shall enter the assessment rolls as herein provided. and said books shall contain suitable written heads to be ruled to conform with the
  ded in this ordinance.
 Sec. 5. The term lands or real es- tate" as used in this ordinance shall be taken to mean and include the own ership of, or claim to, or possession of, or right of possession to any land with in the city, and the claim by possess ion of any person, firm, corporation, association or company to any land shall be listed under the head of real estate provided the term land or real estate" as used in this ordinance shaal not be so construed as to include mining claims, either lode or placer.
 Sec. 6. All taxable property must be assessed at its full cash value. The term cash value" whenever used In this ordinance, shall mean the amount at which the property would be taken tn payment Of a just debt, due from . solvent debtor. Land and improve ments thereon, shall De separately as' sessed.
 Sec. 2. Shares of stock in corpora ton and associations whose business 1t is to loan money or to make money by the use of money, shall be assessed and taxed as other property; provided that none of said shares shall be taxed at a higher rate than Is levied upon other moneyed G lital in the hands oi individual citizens of the city.
 Sec. 8. Shares of stock of any cor poratton or association shall be en tered and taxed in the name of the shareholders of the several shares thereof, but any capital stock whicr Is not divided into or represented by shares, shall be entered and taxed iI the name of such person, corporation or association.
 Sec. g. Upon the demand of thu city assessor, the president, cashie and other officers in charge of an, such corporation or association sha! make out and deliver to such assessor . sworn statement showing the mum Der of shares of such corporation O association; the name and residence of each shareholder. and the numbe and amount of shares owned by him Every such shareholder, residing Il the city, shall list at their actual casl value to the assessor of taxes, al shares owned by him in such corpors ton or associauon, and in the case ., his failure SO to do the assessor shal list and assess such shares as other UT
 listed property. The taxes due thert on shall be a lien thereon, and sha be paid by such corporation or assoc ation, and shall be a lien against an assessed to such shares of stock, an DO such corporation or associatio shah pay any dividends to any shar; holder, who is in default in the pa! nent of taxes due on his shares; nc shall 1t permit the transfer on 4 books of any shares, the owner which is in default in the payment his taxes on the same.
 Sec. 10. The city marshal shall at a, and be the city assessor. and ma
 be required to execute a bond to th