The Arizona sentinel., 1902-12-03
COMPTON COUNCIL,
ORDINANCE NO. II.
Relating to the Levy and Collec- tiOn of Taxes, and for
 Other Purposes.

The Common Council of the Town of Yuma do ordain as follows:
 Section |. 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 assessable 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 ?. The common council of the town or | Yuma shall, on or before the first Tuesday m | February in each year, assess the amount or 1 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.
 i Sec B. 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 l 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 10 mean and include the ownership of, or claim t. 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 cIudcd in the term real estate'' as said term Is defined in this section.
 See D. All personal property in the hands of any trustee. agent, administrator, eXecu- tor, or receiver, and all personal property fHortgaged 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. G. All taxable property must be as- sessed at it's full cash value. The term cash value,' whenever used in this ordinance,
 shall mean the amount at which the proper
 ty would be taken in payment of Just deDI
 due from a solvent debtor. Land, and i'm
 provcments thereon. shall be separately as-
 sessed.
 Sec l. All property belonging to corpora
 lions shall be assessed and taxed, but no as-
 sess1nent 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.
 Sec g. 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
 bv shares, shall be entered and taxed in the
 name of such corporation or association.
 Sec. g. Upon the demand of the assessor
 the president cashier or other officers in = charge of any such corporation or association
 shall make out and deliver to said assessor .
 sworn statement showing the number o } 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 tc 7 the assessor all shares owned by him in such corporation or association, and in case Of hl' | failure to do So the assessor shall list and as 7 sess Such surrendered shares as other unren dered property. The taxes due thereon shal ! be a lien thereon and shall be paid by Sucf corporation or association, and shall be Tier q 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 def;tult in the payment Of hi \ taxes on the same.
 Sec. TO- The Common Council shall, at the T regular stated meeting in December, in eacf : year. by resolution entered upon thelf mn utes appoint a Town Assessor, who shall holC F his office for the term of one year from an' after his appointment or until the appoint < ment and qualification of his successor. Suci assessor shall on or before the first day O January next after his appointment, quallf. 1 as such assessor as hereinafter provided. l at any time a vacancy occurs in such office from any cause the Common Council shal fill such vacancy by resolution entered upol their minutes, and the person appointed | fill such vacancy shall qualify within tel days after receiving notice of his appoint lnent.
 Sec II. The assessor, before entering upo the duties of his office, shall execute bon . to the Territory of Arizona in such penal sun
 with two or more sureties, as the Commo - Council shall, by resolution, fix; said bon
 shall be approved by the Common Counci
 and shall be filed and recorded in the office (
 the County Recorder of Yuma County. Tn
 condition of said bond shall be that the sal ; assessor shall well, truly and faithfully in a
 thin gs perform and execute theduties of b ; office as required by the laws of the Ierrltor - of Arizona and the ordinances and resol'
 tons of the Town of Yuma during his coi
 tinuance in office, without fear or favo E., fraud deceit, or oppression, and shall pa .F over all moneys which may come into h -, hands as such assessor.
 ~ Sec. I2 Before proceeding to assess the ta' - able property of the town, the assessor sha rS take and subscribe an oath, and attach tf same to his official bond, which oath may | - tp the following fcTIu: