Heppner gazette. [volume] (Heppner, Morrow County, Or.) 1892-1912, 1906-11-29

8. The personal property of every
householder to the amount of 5000, the
articles to be selected by such house,
holder.
(B & c. Comp, section 3O39, wes amended by
laws 1903, page PIG, and laws, special session,
1903, page 2S. The section proposed makes the
following changes from the present law: J.
when held under contract for purchase, the at
torney general having heretofore held such
lands exempt as property OF TINS STATE unaer
| ilarly held under contract OF purchase, made
taxable; 3, 5, 6, 7, no chenge a.. Exemption OF
se"y csa ss 4 @ahss ags y & Rqse
! 3039, except the exemption is reduced from 1900
to 5000, omitting the specification OF particular
articles which may be exempted. The nat ex-
! emption is believed to be more just than the
present exemption of specific varieties OF prop.
erty to to- al OF 5000, which is in practice found
to be both arbitrary and unequal, dairy
! farmer owning 16 cows, $240; one horse, $l5
household furniture, $40; farming implements,
s25 taxable vaIuesl would have a total of $500,
Sna .n 900 T?q4 1S hi
horses, sl25; two COWS, $50; ten sheep, *l5;
household furniture, $50; wagon and harness,
$50 farming implements. $'O he would have
5000 the same value, but all would be exempt
| This is an actual case reported by one assessor
as a typical instance Of the nnreasoL able ine-
quality of the present law as it is met every day)
Gland in road boundary exempt.)
Section 5. That section 3040 Of the
Codes and Statutes of Oregon, compiled
and annotated by Hon. Charles B. Bel
linger and William w. Cotton, and sec
tion 56 of an act approved February "a,
1908, and found on page 1852 ct sequltur
of the general laws of Oregon Of 1908,
be and the same hereby are amended
to read as follows:
All lands within the boundary of any
county road, and all dedicated streets
and alleys in any incorporated or unln-
corporated city or town, or town plat,
within this state, shall be exempt from
assessment and taxation while used for
such purposes.
(Exempts lands in streets and alleys, as well
as lands within bounda ries OF county roads,
while used for such purposes. The UNIFORM
practice, and supported by laws 1903, page 279,
sections Sc and 57.)
(Stocks in banks, loan and trust COM
panies, ETC., subject to taxation
Where taxed.)
Section 6. That section of an act
entitled Gan act to fix the place of
assessing national bank stock and pri-
vate banks, loan and trust companies, }"
approved February "a, 1908, be and the
same hereby is amended to read as fol-
lows:
Shares of stock of national banks
shall be assessed to the individual
shareholders at the place where the
bank is located Shares of stock of
other banks and interests in banking
capital, building and loan associa-
tions and trust companies, shall be
assesseud to such bank, building and
loan associations, or trust copmanles,
or to their owners or stockholders, as
by lazy provided, at the place where
such banks, building and loan associa-
tons. or trust companies are located
(B & c. Comp, section 3Oi2 superseded
in part by Laws 1903 page 2s6-if the title OF
the latter act is broad enough to cover the last
sentence therein. The section proposed fol
lows the act of 1903 changing the word stock
, holders"-of national banks-to "sharehold
ers in analogy to the national banking act
Provides that shares of stock in private banks
: ETC. shall be assessed to such bank, etc, or to
its stockholders, as by law provided)
Glands sold by state listed to contrac'
tori
Section 7. Lands held under con.
tract for the purchase thereof, belong
ing to the state, county, or munlclpal'
; itv, and school and other state lands
shall be considered, for all purposes OF
taxation, as the property OF the person
; SO holding the same; and the improve
ments thereon shall be considered a:
real property for all purposes OF taxa
; ton, and be considered as the property
of the person SO holding the same
; and no deed shall ever be executed un
til all taxes and municipal charges are
fully paid thereon
(New; but compare Laws Washington. 1897
section p, page 40. II appears from certih
cate of the clerk Of the State land board, No
vcmber TO- 1905, that the states outstanding
certificates OF sale aggregated 500 sl5 acres th'
purchase price of which was 81 ,I64 $50 all o
which now escapes taxation because the TIT,
to the land is still in the state)
r public lands-lmprovements.)
Section s. The assessor must asses:
all improvements on lands, the fee O
which is still vested in the United
e States, as personal property until the
settler thereon or claimant thereof has
. made final proof. After final proof has
/, been made, and certificate ISSUED
therefor, the land its If must be assess
: ed, notwithstanding the patent has moi
l been issued.
(Ncw: compare Washington Rev. Laws, 1905
section 100.
(Assessors shall obtain lists of public
> lands sold.)
Section Q. The assessor Of eacl
county shall, Immediately after the
l first day of March of each year, obtair
, from the state land board, and from the
, local United States land otiicers in the
l state, lists of public lands sold, or con
tracted to be sold, and of final certlt
Gates issued for land in his county dur
: ing the previous year ending at
| o'clock a. IN. of said first day of March
: and shall place such lands upon the
I assessment rolls as provided in thu
last two preceding sections. 1t shal
: be the duty of the State Land board t'
e certify Il list or lists of all public Lands
r sold. or contracted To hc sold, durn.
: the previous year on application of the
= assessor OF any county applying there
= for.
? (New)
(Of the assessment of property
tSectiou anis. r.. & c. Comp. seems 20 rccog
= nize marginal assignments of mortgage. ]
, does not belong in tax act. since Tie repeal "
the mortgage tax law. OF which u wa iH'I
The last clause i now nUCafory- u s'.'. .' f.'
| he repealed, hat no reference >ho1ld De- '.H y
To- il In a tax code. bat ID j. suggested 't "a. .'