Condon globe. (Condon, Gilliam Co., Or.) 189?-1919, 1906-12-07
not 70 be taxed.l

stock In any incorporated company
which is taxed on lis capital stock shall
not be taxed M an individual for such
stock.
pledged personal property taxed TO
possess0r.l
Section IL, When personal property
Is mortgaged or pledged II shall, for
the purpose oi taxation, be- deemed the
property of the person who has the
possession.
| tsections 10, 10 and II are respectively sec.
tons aoi7, soa5 and 1000, Is, q q, Comp, without
change,D
tof the Duties Of Asessors.)
Assessments, How Made).
Section rs. That section 306To OF the
Codes and Statutes Of Oregon, compiled
and annotated by Hon. Charles Is. Bel
linger aid William W. Cotton, ~ the
same was recnaeted by section | Of an
act approved December "a, 1908, and
found on page ct sequitur Of the Gen
eral Laws Of Oregon, Special Session,
1908, be and the same hereby IL amend
cd TO read as follows:
The assessor after qualifying shall,
on the first Monday In March In each
year, procure from the county clerk a
blank assessment roll, and forthwith
proceed and assess all taxable property
within his county, except such as by
law Is 10 bc otherwise assessed, and
shall return 10 such county clerk, on or
before the frst Monday In October next
following, such assessment roll with q
full aud complete assessment Of such
taxable property entered thereon, in
eluding Il full and precise description Of
the lands and lots owned by each person
therein named, on March | OF said
year, at the hour Of o'clock n. M,
which description shall correspond with
the plan or plat Of any town laid out
or recorded; and said lands or town
lots shall be valued at their true cash
value, taking into consideration the i'm
proyements ON the land and in the sur
rounding country, the quality Of the
soil, Its convenience 10 transportation
lines, public roads, and other local ad-
vantages Of n similar or different kind
True cash value Of all property shall be
held and taken 20 mean the amount
such property would sell for at volun-
tary sale made in the ordinary course
Of business, taking into consideration
its earning power. No deduction Of in.
debiedness from assessments or taxa.
tion shall be allowed in any case. All
land shall be taxed in the county in
which the same shall lie; and, except
IA otherwise provided by law, every
person shall be assessed in the county
where he resides ut the hour of |
O'Clock n, m. on March OF the year
when the assessment shall be made for
all real and personal property owned
by him within such county, but II the
owner Of any land be unknown, such
land may be assessed 10 unknown
owner" or unknown owners" with.
out inserting the name Of any owner
but no assessment shall be invalidated
by mistake in the name Of the owner
Of the real property assessed, or by the
omission OF the name of the owner, OF
the entry Of name other than that oi
the true owner, II the property be cor.
rectly described; and provided further,
that where the name OF the true owner,
or the owner Of record, of any parcel oi
real property shall be given, such as.
sessment shall not be held invalid on
account Of any error or irregularity in
the description, provided such descrip,
tion would be sufficient in deed oI
conveyance from the owner; or on nc.
count Of any description upon which,
in a contract to convey, court oi
equity would decree conveyance to be
made.
(The amendment recommended makes II the
assessors duty to assess property for which
some other mode Of assessment Is not by Law
provided; makes the limit OF the return of tn,
: assessment roll the first Monday In October In
stead of the frst Monday In September The
old law provides for the giving of notice thai
the board OF equalization viii meet the .lasi
Monday In August, There Is no other provi
sion for the time OF the meeting Of the board
III. & e. Comp, section SO60 reenacted specia
session l913l Section SQ57, above amended
permitted an extension of time for filing the
roll II necessary until the first Monday In octo
Der, In practice the roll is seldom or never
ready for equalization by the first Monday in
september, and ihe time Is usually extended
the old law provided for the board meeting be
fore the assessor was required to file the roll
aud at no other time, The jurisdiction OF the
board is thus thrown into question
The provision for giving notice OF the meet
ing the last Monday In August is relic of tht
first code in this state, and was originally in
tended to provide that the assessor and auditor
should meet at the courthouse to correct pure
ly clerical errors, etc, one week before the
county court equaliEed the roll, the board O
equalization not then being known, Since
then the scheme has been completely changed
and the provlsionsare now, owing to corelesl
editing In amendments, contradictory and i'm
possible.
The amendment recommended omits the pro
vision for the extension of the time of filing the
assessment roll, but gives the assessor the same
limit as under the present law he could be Civ
en- by the county court. 0mits definitions o
real property and land, which have been de
fined In section of this act; omits provision
that all land must be assessed distinguishing
assessed from taxed see section II of this act
in the county where located; omits provisions
.t..N