Crittenden press. [volume] (Marion, Ky.) 1879-1907, 1906-06-21
NEW MORTGAGE LAW
That Is Of 6rsat Importance 10 Persons
Holding Liens and Mortgages

e OF Orittenden county ! have the ne
: law in regard to the taxing of Lie
y notes, mortgages DC. printed, an
I ask you to carefully read the same
and if you have held any lien note
aud mortgages within the past fv
! years that have been paid of an,
, you have not released same of recor,
, II will save you much unnecessar,
trouble if you will come in before tn,
first Of August and release same, a.
! will at that time begin to prepare
the list, and il will take me some
time to do so from the fact that
have to 20 FIVE years back in COM
pliance with a law passed by the
legislature which reads as follows:
No. 10. Each county clerk shall,
on or before the first day Of Septem-
Der Of each year, make and certify to
the various county assessors, a. here
matter provided, complete statements
of all purchase money notes, mort
gage notes and other obligations for
due or to be paid, except purchase
money notes, mortgage notes and
other liens for money due, or to be
paid, owned by banks or trust COM
panies, a. shown by the conveyances,
mortgages and liens in his office.
Said statements shall distinctly show
the dates of execution and maturity
OF such notes or other evidences Of
Indebtedness; the consideration there
for; the date of filing or recording
same the amount thereof, and the
county Of the residence Of the owner.
payee, beneficial holder thereof or
other person or corporation liable for
taxes thereon. Said statements shall
be made to each county assessor Of
the State of such notes or other eyi.
dcnces of Indebtedness a may be
owned or held by persons or corpora
tons residing, or having their prin-
cipal place e business, in the county
of such assessor. No mortgage, CON
veyance or other instrument of writ
ing constituting a lien or other Sc
curity for any note or other evidence /
of Indebtedness shall be received for
record boy any county clerk of this
Commonwealth unless such mortgage |
conveyance or other writing give the
county aud State of the residence and |
pCstofhcc address of the person or
owning or holding said |
note or other evidence of indebted |
ness or liable for the payment of
taxes thereon. Should there be an
assignment of such note or other evil
dence of Indebtedness. of record in
the clerks office, the assignment
shall state the county and State of
the residence and postofhce address
of the assignee; unless any assign
ment is made of record. the original |
holder or owner shall be liable for
taxes a. though no assessment had |
been made. Any person who shall
knowingly aud Intentionally give
false or fictitious address or name in |
any such instrument or assignment,
a. above mentioned, shall be guilty |
of misdemeanor aud shall, upon con
yiction, be fined not less than ten /
dollars nor more than one thousand !
dollars. Each statement made by |
the county clerk a. herein required !
shall cover a period of one year next
prior To the date such statement j.
required 10 he made: Provided, That
the first statement To each county /
assessor made hereunder shall cover
a period of at least five years prior
to the time such statement is made.
Sand statement shall be sworn to by
the clerk before some person author
lied to administer oaths, as full
aud complete statement of said facts.
For his services in making such sta
tements, the clerk shall be paid
reasonable compensation by the fiscal
court of his respective county; said
statement shall be returned by the
various assessors, with their tax books
schedules and list of conveyances, to
the county clerks of their respective
counties for the use of the Boards of |
Supervisors. Any county clerk fail
ing to perform his duties under this
section shall be punished by fine of |
not less than fifty dollars nor more
than enc hundred dollars, to be re-
covered by warrant or indictment.
Nothing herein shall be construed to
effect the validity of any instrument
or assignment heretofore made.