The Arizona sentinel., 1902-11-26
COMMON COUNCIL, ORDINANCE NO. II.
Relating to the Levy and Collec tion of Taxes, and for
 Other Purposes.

Other Purposes.
 The Common Council of the Town of Yuma do ordain follows
 Section l. There shall be levied and col iected, annually, upon the real and personal property within the town of Yuma the fol- lowing taxes:
 First. For salaries of officers, and the ordi- nary and contingent expenses of the town or corporation, not herein or otherwise pro- vided for, not exceeding four mills on each dollar of asSeSsablc property.
 Second. For the purposes of constructing and repairing streets, sewers, sidewalks and crosswalks, or bridges and culverts, upon such streets or sidewalks, not exceeding two mills on each dollar of assessable property.
 Third. To defray the interest on the public debt Of the town, not exceeding four mills on each dollar of assessable property.
 Sec. g. The common council Of the town of Yuma shall, on or before the first Tuesday in February in each year, assess the amount of taxes that shall be levied for town purposes, designating the amount which shall, on each dollars worth of taxable property, real and personal, be levied for such purposes. The common council shall, prior to the first day Of January in each year, cause to be pre- pared suitable books for the use of the asses SOr, in which he shall enter the assessment | rolls and lists, as herein provided; and said books shall contain suitable written or print ! ed heads, and be ruled to conform with the form of assessment roll or list as provided in this ordinance.
 Sec. 3. Nothing in this ordinance shall be construed to require or permit double taxa ton, and all property of every nature and | kind whatsoever, within the town of Yuma, shall be subjected to taxation, except such as is, or may be, exempt from taxation under the laws of the Territory of Arizona.
 Sec. f. The term real estate" whenever used in this ordinance, shall be taken to mean and include the ownership of, or claim to, or possession of or right of possession to any land within the town. The term per sonal property" whenever used in this ordi nance, shall be deemed and taken to mean all property of every nature and kind not in cluded in the term real estate" as said term is defined in this section.
 Sec. ,. All personal property in the hands of any trustee, agent, administrator, cXecu- tor, or receiver, and all personal property fiortgaged or pledged shall, for the purposes of taxation, be deemed to be the property of the person who has the possession thereof. Whenever solvent debts are assessed, the person assessed may deduct therefrom his liabilities.
 | Sec. 6. All taxable property must be sessed at it's full cash value. The term cash valuc" whenever used in this ordinance, shall mean the amount at which the proper ty would be taken in payment of a just debt due from a solvent debtor. Land, and i'm provements thereon. shall be separately as- seSsed
 l Sec :. All property belonging to corpora tions shall be assessed and taxed, but no as- sessment shall be made of shares of stock, nor shall any holder thereof be taxed therefor: Provided however, That this section shall not apply to corporations and associations whose business it is to loan money, or to make money by the use Of money-the shares of every such corporation or association shall be assessed and taxed as other property. l Sec. 8. The shares of stock of any such cor poration or association shall be entered and taxed in the name of the shareholders of the several shares thereof, but any capital stock which is not divided into or represented | by shares, shall be entered and taxed in the name of such corporation or association. sec. S. upon Inc ueHldHu Oi tue dSScSSOit | the president, cashier or other officers in charge of any such corporation or association 1 shall make out and deliver to said assessor a sworn statement showing the number of shares of such corporation or association; the name and residence of each shareholder and | the number and amount Of shares owned by him. Every such shareholder shall render, to the assessor, all shares owned by him in such corporation or association, and in case Of his failure to do so. the assessor shall list and as- sess such unrendered shares as other unren- dered property. The taxes due thereon shall be a lien thereon, and shall be paid by such corporation or association, and shall be a lien against and assessed to such shares of stock, and no such corporation shall permit the transfer on its books, of any shares, the own CT of which is in default in the payment of his taxes on the same.
 Sec. 10. The Common Council shall, at their regular stated meeting in December, in each year, by resolution entered upon their min- utcs, appoint a Town Assessor, who shall hold his office for the term of one year from and after his appointment or until the appoint ment and qualification of his successor. Such assessor shall, on or before the first day of January next after his appointment qualify as Sucn assessor as nerelnateT pTONlueu II at any time a vacancy occurs in such office, from any cause, the Common Council shall fill such vacancy by resolution entered upon their minutes, and the person appointed to fill such vacancy shall qualify within ten days after receiving notice of his appoint ment.
 Sec. II. The assessor, before entering upon the duties of his office, shall execute bond to the Territory of Arizona in such penal sum- with two or more suretics, as the Common Council shall, by resolution, fix; said bond shall be approved by the Common Council and shall be filed and recorded in the office of the County Recorder of Yuma County. The condition of said bond shall be that the said assessor shall well, truly and faithfully in all thin gs perform and execute theduties Cf his office as required by the laws of the Territory of Arizona and the ordinances and resolu- tiOns of the Town of Yuma during his con 1 tinuancc in office, without fear or favor fraud, deceit, or oppression; and shall pay hands as such assessor.
 ! Sec. F. Before proceeding to assess the tax able property of the town, the assessor shall take and subscribe an oath, and attach the same to his official bond, which oath may be ill the following form: