The Barre daily times. (Barre, Vt.) 1897-1959, 1904-12-31

come into possession or the beneficial
use thereof Or shah be entitled to the pos
session or beneficial use thereof
sec. 2o The value Of any ana Of all
property passing by voluntary convey
anee or gift mentioned in section two
hereof shall be except as herein other
wise provided, its actual market value
in money at the date the person entitled
to the same shah come into possession or
the beneficial use thereof or shall BE-
entitled to such possession Or the benea-
cial use thereof.
APPRAISERS.
\ Sec. p. Upon the written application
signed BY the commissioner Of state
taxes. u ~ any Iegatee 81 heir liable to
q tax on account u Legacy Or distribu-
tive share passing T. him in the manner
designated 10 section one o. by the IA
ministrator, executor or trustee of any
estate Of which such legacy Or share Is
a part or BY the grantee or donee OF
property passing ia the manner desig-
mated in section two, the probate court
wherein such estate is being administered
Tor within and for the district where any
part OF the property passing in the man
ner designated in section two IS situated
be no letters of administration shall have
been granted upon the estate OF the
grantor Or donor therein mentioned. or
within and for any district wherein 4
corporation mentioned In section ATTY
1--WE or q savings bank 81 trust company
or any corporation having securities Or
assets mentioned il section nfty-seycn
shall have is principal place Or business
in this state 81 within which any per-
son holding such assets or securities
mentioned ID section nfty-seven shall re-
side. may IA it's discretion appoint one
or more aianterested persons not exceed
ing three in number 70 determine for the
purposes OF this act upon hearing or
otherwise the value Of all or any part Of
The real estate Or personal property Or
any interest therein passing to any per-
son liable to a tax imposed BY this act.
Sec. q said probate court shall issue
a warrant to such appraiser Or apprais-
ers and shalt therein designate what part
o. said real and personal property Or IN
terest therein shall be appraised by them;
ana shall therein fix the time within
which said warrant shall be returned to
said court
Sec p. The person Or persons SO ap-
pointed appraisers shall before enter
ing upon the performance or their du-
ties be sworn to the faithful discharge
thereof and shall give such notice to the
parties as said probate court shall order
Sec. II An appraiser shall have au-
thority to compel the attendance OF wit
nesses and to administer oath thereto,
to the same extent and in the same man
ner that now appeFtains TO judges Of
probate
Sec Is Such appraisers shall make re-
turns OF their findings to the probate
court within the time mentioned in said
warrant; and said probate court ii its
discretion may accept Or reject any part
d ail q said finding n said report is
rejected the probate court may appoint
new appraiser Or appraisers 10 determine
such valuation, Of it may determine such
valuation upon hearing.
Sec. q. The fees Of such appraisers
shall be fixed b. ne probate court and
shan b paid by the executor, admins
TRAITOR Or trustee Of the estate, II the prop
erty 50 appraised is any part or al Of an
estate IN which letters Of administration
have been granted within this state IN
case no letters Of administration shall
have beenzgranted, the fees Of such ap-
praisers when fixed as aforesaid shall be
paid b. the auditor OF accounts by an
order drawn upon the state treasurer
VALUATION BY AGREEMENT.
$40. a. Whenever II snail become nec-
essary under the provisions Of this act
to establish the value of any property
Or any Interest therein Il shah bc COM
petent for the commissioner Of state
taxes to agree upon such valuation with
the administrators executor or trustee Of
an estate OF which said property is a
part This section shah apply to any
agreement made with foreign admins
TRAITOR. executor or trustee
Sec. g IN all cases where the valua-
ton Of any part Or all Of the property
mentioned in the preceding section or Of
any interest therein shah have been es-
talIished by agreement as set forth Ia
thee preceding section. the commissioner
Of state taxes and said administrator ex-
eout9r Or trustee shall reduce such agree
nent y writing ana specify therein the
yariaas Items II property Ara the value
lof eaeh tenn
See. q one copy 81 the agreement
speeitied IN the preceding section shah
Pc nesi IL tbs office 81 nc commissioner