Bisbee daily review., 1902-06-14
oRDlNNcE NO. 17,

equalization, 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 annu- ally upon the assessed value of the real and personal property within the city. As shown by the equalization roll Of The 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. 3rd.. 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 lsvyin2 taxes for any or all of the purposes above specified shall set forth the pprpose 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. {. 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, 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 form of the assessment roll, as proyi- ded in this ordinance.
 Sec s. The term "lani- <. 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 ishaal 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 tsrm cash value" whenever used In this ordinance, shall mean the amount .At which the property would be taken In payment of . just debt, due from . solvent debtor. Land and improve msnts thereon. shall De separately as- sossed.
 Sec 2. Shares of stock in corporu- 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 Q higher rate than Is levied upon other moneyed capital in the hands of individual citizens of the city.
 Sec 8. Shares of stock of any tor poration or association shall be tered and taxed in the name of T.. : shareholders of the several shares thereof. but any capital stock which s not divided into or represented by sakares. shall be entered and taxed in the name of such person, corporation or association.
 Sec. g. Upon the demand of the -<sltv aasAaanr tho proafdonf coah{or and other oficers in charge of any such corporation or association shall make out and deliver to such assessor, . sworn statement showing the num- Der of shares of such corporation or association; the name and residence of each shareholder, and the number and amount of shares owned by him Evesy such shareholder, residing in tho city, shall list at their actual cash value to the assessor of taxes, all shares owned by him in such corpora t1on or Associauon, and in the case s,f .h4s failure % to do the assessor shall 3tst and assess such shares as other un- listed property. The taxes due there on shall be . lien thereon, and shall be paid by such corporation or associ- af1on, and shall be a lien against and sssessed to such shares of stock, and DO such corporation or association shali pay any dividends to any share holder, who is in default in the pay mont of taxes due on his shares; nor shalt 1t permit the transfer on It's hoolEs of any shares, the owner of which is In default in the payment cf his taxss on the same.
 s1oc. 10. The city marshal shall act e, and be the city assessor. and may be required to execute . bond to the city in addition to the bond executed