Bisbee daily review., 1902-06-15
ORDNANCE NO. 17.

An ordinance for the assessment. taxes for the city of Bisbee.
 Be it. ordained by the mayor and councu 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 annu- 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: lst- 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 Wa1kD, or bridges and culverts, upon such streets or side walks. 3rd.. Not exceeding four mills on the dollar of such assessed valuation to defray the interest on the public debt of the city.
 Ssc.., 3. All ordinances levyina taxee 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. 1. The mayor and common council shall. on the 1st Monday in September of each year. by ordinance assess the amount of taxes that shall bo levied for city purposes. The may or and commoncouncil shall. prior to the, nrst Monday in July in the year lS03,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 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 form of the assessment roll, as proyi- 00o In this ordnance.
 Sec. s. The term lands or real es- tate," as used in this ordinance shall bs 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 bo listed under the head of real estate provided the term land or real estate" as used in this ordinance shaal not be 60 construed as to include mining claims, either lode or placer.
 Sec. 6. All taxable property must be assessed at its full cash value. The torm cash value" whenever used In this ordinance, shall mean the amount at which the property would be taken &n payment of . just debt, due from . solvent debtor. Land and improve msnts thereon, shall De separately as- S6ssed.
 Sec. [. -9hares of stock in corpora- ton and expectations whose business 1t is to loan money or to make money by the use of money, shall be assessed and taxed ss other property; provided, that none of said shares shall be taxed at . higher rate than is levied upon other moueyed capital in the hands of Individual citizens of the city.
 Sec. 8. Shares of stock of any cor poration or association shall be en- tered and taxed in the name of t''@ shareholders of the several sha thereof, but any capital stock wh b not divided into or represented IT.. sharm, shall be entered and taxed in the name of such person, corporation or association.
 6ec. Upon the demand of the city assessor, the, president, cashier and other officers in charge of any such corporation or association shall make ont and deliver to such assessor, . sworn statement showing the num- ber of shares of such corporation or association; the name and residence of each shareholder, and the number and amount of shares owned by him Bv6sy such shareholder. residing in the city, shall list at their actual cash value to the assessor of taxes, all shAres owned by him in such corpora ton or associauon, and in the case of his failure 90 to do the assessor shall ! flst md asssss such shares as other un- Hstea property. The taxes due there on shall be . lien thereon, and shall b paid by such corporation or associ- st1on, and shall be a lien against and aSooesod to such shares of stock, and DO such corporation or association shah pay any dividends to any share holder, who is in default in the pay Hent of taxes due on his shares; nor shall it permit the transfer on It's bon1Es of any shares, the owner of witch is in default in the payment Of : hlD taxos on the same.
 0oc. 10. The city marshal shall act e, and be the city assessor. and may bo foquirod to execute . bond to the Stty in addition to the bond executed