The log cabin Democrat. [volume] (Conway, Ark.) 1901-1982, 1912-06-20

/ county. and that ! will In. all things
faithfully observe the law in the dis
charge of the duties upon which am
now about to enter as a member of
the board of supervisors of assess
ments."
Section 65. If any person shall be-
gin any new business of any kind in
any district or town in the county after
the first day of February. and before
/ the first day of October. il shall be the
/ duty of the assessor to assess such new
business in the same manner as he
would have done had such business
| been in existence at assessing time. III
such new business shall have been as
sessed by the assessor before the first
day of July it shall be included in the
regular assessment rolls submitted as
hereinafter provided by the assessor 70
the board of supervisors of assessments.
If such assessment be made between
the first day of July and the first day
of September it shall be submitted to
the board of supervisors of assessments
! to be passed upon by it along with the
other assessments of the county. Prop
erty in any way overlooked by the as
SCISSOR. or omitted from the assessment
at the regular assessing time. shall be
assessed in the same manner as is prop
erty put into a new business. No per-
son shall be compelled to pay taxes
twice on the same property for the same
year. Money invested in new business
after February first, and included in
the regular assessment of the person
owning it on February first. shall not
business begun after assessing time.
Section Sc. The assessor shall, on or
before the first day of July make out
in tabular form in a book prepared for
the purpose, statements of the names
of the persons, firms, companies and
corporations whose lists he has taken
sessed showing the political township
or ward residence and also the post
office address of each. Names shall be
arranged in alphabetical order and by
dictr of ha Cd
in each school district all the personal
property taxable therein. In cases
where towns and school districts are
not coterminous and the school district
includes territory not included in the
town there shall be two statements ar
ranged in alphabetical order with respect
which shall include the names of the
taxpayers residing in the town and the
other of which shall include the names
of the taxpayers residing without the
town but in the school district. The
assessors books shall also contain
columns with appropriate headings in
which to enter opposite the names of
the taxpayers the value of the several
classes of personal property required
by law to be listed. Each list taken
by the assessor shall be entered upon
the books separately and the assessor
shall enter opposite each name in the
proper column, the value of each of the
several classes of property listed. There
shall also be column in which to en-
the taxpayers and the assessor shall
enter the proper amount in said columns.
Said books shall also contain column
in which to enter the valuation as
eoualized by the board of supervisors
of assessments: likewise a column in
which the county clerk Shall extend the
valua tion as equalized by the Arkan-
sas Tax Commit SSion. Said books shall
be filed with the county clerk by Sep
TENDER first.
Section 81 The real and personal
tax books and all the lists and returns
to be made by the taxpayers as provided
bv this Act shall be turned over by the
assessor to the board of supervisors of
assessments when the board meets on
July 1st They shall remain in the
custody of the board until September
I st. when they shall be by it filed with
the county clerk in whose custody they
shall thereafter remain.
Section 6S The clerk of the county
court of each county shall on or be-
fore the first day of February of each
year make and deliver to the assessor
of each county, an abstract containing
a description of each tract of land
situated in his county with the name
of the owner, if known, and the number
of acres or quantity of land contained
therein. as the same shall appear upon
the books of his office and he shall com
mence the same in the lowest number
in township and range in his county.
and in the northeast corner in each
township and shall proceed numerically
i'm his county. first setting down all
the subdivisions of each section as they
belong to different individuals, or the
whole section together If owned by one
person and not divided on account of
parcels being of different values.
Section 60. The affidavits required
by this Act to be made by the asse scr
(section ID and by the members of the
section 64) shall be entered in full on
the assessors books prescribed by sec
tons Sc and 6S hereof.
Section 70. The session of the board
of supervisors of assessments beginnin1
the first day of July, shall be for the
purpose of completing and equalizing
the assessments of the county. 1t shall
be the boards duty to examine care
and personal property as made by the
assessor Members of the board shall
examine and compare the returns OF as
sessment of property of the several
towns and districts and equalize the
same to the end that each tract or lot
of real property and each article or
personal property shall be assessed at
its true and full value in money In
performing its duties in completing and
aaua,izine the assessments of the county
| the board shall proceed under the FOL
| lowing rules:
!. 1t shall raise the valuation of each
| tract or lot of real property which "
is opinion. is assessed below It's true
and full value in money to such sum as
u
| thereof
9 1t shall reduce the valuation Of
| each tract or lot which, in its OPINION
| IS assessed above it's true and full value
| in mOrey to such sum as it believes to
be its true and full value.
! 3. 1t shall raise the valuation or
each item of personal property which
! IN it's opinion. is assessed below its true
and fun value in money. to such SUI,
as it believes to be the true and ful
alue thereof and it shall raise the aE
| vreqate valuation of all the personal
property of each individual. firm or cor
| noration. when it believes that such ag.
| ereeate valuation is below the true ana
'ul value of the personal property be
! longing to such individual. firm or
| corpora tiOn TO such sum s 1t believes
to be TIVE true and full valuation thereof:
4. 1t shall reduce the valuation OF
each item of personal property which
in it's opinion. is assessed above its true
and fun value to such sum as It be
| 'ieVes to be the true ana fun value
thereof. 1t shall reduce the asgregatc
valuation of the personal property of
any individual, firm or corporation to
such sum as in its opinion is the true