Pocahontas star herald., 1912-06-28

of, and the use or IofmS ana system OF
keeping accounts provided by law or
by the commission
Section IS. Section 10 of Act PSF of
the Acts of 1903, approved May 12. 1909
shall be amended so as to read as fol-
lows:
Section 12 The Arkansas Tax Com.
mission as hereby created shall consti-
tute a State board of equalization ana
shall equalize the valuations and, as
sessments of property throughout the
State, 1t shall meet at the State capital
on the first day of September of each
year for the purpose of equalizing the
assessments of the real and personal
property of the State. The commits
sion, as a State board of equalization
may, in its discretion, sit at any other
place i'm the State it may deem advisable
for the purpose of making investiga-
tons or granting hearings relating 10
the work of equalizing the property OF
the State. The session of the commission
as State board of equalization shall
continue from the first day of Septem-
Der to the fifteenth day of October each
year AS a State board of equalization
the Arkansas Tax Commission shall
have the following powers and SHALL be
governed by the following rulesJ
/. To hear appeals from individuals
firms and corporations from the orders
and judgments of the several caunty
DOdTuS pl SuptINlHOlS VI dH sfA1entS
and to grant such relief as may be
deemed just and proper.
2. They shall add to the aggregate
valuation of the real property of every
county which they find to be valued
below its true, full and proportionate
value in money such per cent as will
bring the same to it's true, full and pro-
portionate value in money.
g. They shall deduct from the ar
,rt.I.r 20, o1t TON, sNF ha
of every county which they find TO be
valued above its true, full and proper
tionate value in money such per cent
as will reduce the same to its true, full
and proportionate value in money.
4. If they find that the valuation Of
the real property of any town or dis
trict in any county or of the real prom
erty of any county not in towns, should
be raised or reduced without raising or
reducing the other real property in such
county or without raising or reducing
it in the same ratio, they may add to
or take from the valuation of any one
or more of such towns, or districts or
of the property not In towns, such per
cent as they believe will raise or reduce
the same to its true. full and propor-
tionate value in money.
s. They shall add to the aggregate
valuation of any class of personal prop
erty in any county, district or town
DelOW
its true, full and proportionate value
in money such per cent as will raise the
same to its true, full and proportionate
value thereof
g. They shall take from the aggre-
gate valuation of any class of personal
property. in any county, district or
town which they find to be valued
above the true, full and proportionate
value thereof, such per cent as will re-
duce the same to its true, full and pro-
portionate value.
Z. Should the commission find II nee
essary in equalizing the assessment OF
the State, to raise in the aggregate
the valuation of the real estate, or of anv
personal property in any town. district
or county, as provided in paragraphs 2,
8, 4, 5, and of this section and
should 1t also find that the individual
assessments of such town, district or
county are not equalized and that by
such raise in the aggregate of valua-
tions such given per cent the assess
ment of any individual taxpayer in the
town. district or county, as the case
may be, is increased to a point where
the same is above the true, full and
proportionate value in money of the
property of such taxpayer the commits
sion shall have the power. and n Ia
hereby made its duty, after II has
made such raise in valuation in the ag-
gregate. to reduce the assessment OF
each such individual taxpayer to a point
where 1t will not be above true. fun
and proportionate value in money
thereof.
Section S6 Before taking any action
with respect to the property of any
county, district or town, as provided by
paragraphs 2, 3, 4. 8, and T. section
S5 hereof, the commission shall cause a
written or printed notice to be served
upon the county, Judge of the county
Ubarafn &c flnqatQn tba affept-
ed. Said notice shall be published in
some newspaper in said county. If one
is published in the county; If not then
in newspaper having a circulation in
said county In at least two weekly
issues before the date of said proposed
change. The notice shall give the date
and place at which the, commission will
sit and shall warn said county Judge
and all citizens of said county to appear
at said time and place and show cause,
II any they can, why such change shah
not be made or such assessment In
creased or reduced, and the result OF
said hearing. if any increase or de-
crease should be made. shall be certif-
ed to the county clerk of the county
affected on or before the fifteenth day
of October
Section 81. If, while sitting as
State board of equalization between
September 1st and October 18th, the
Arkansas Tax Commission shall find in
equallties or a want of uniformity be-
tween the assessments in any county.
the commission may In its discretion,
either equalize said assessments itself.
as provided in section 85 of this Act
or 1t may call special session of the
board of supervisors of assessments OF
the county to sit both as a board OF
equalization and board of revision and
appeals. At such special session the
board of supervisors of assessments
may revise and review the assessments
of the county and may raise and re-
duce the assessments Of individuals and
corporations to the same extent and in
the same manner as il is by this Act
authorized to do at the regular session.
At said special session the board
shall have as full power to act with re-
spect to the assessments of the county
as II had at the regular session A.
such special session, before the assess
ment of any taxpayer shall, be in
creased, such taxpayer or his agent
shall be given at least two days notice
of such proposed increase The tax
payer may appear before the board sit
ting as board of revision and appeals
and contest the proposed increase in his
assessment in the same manner as he
could at the regular session. Appeal
may be taken from the decisions of the
board of supervisors Of assessments
made at special sessions in the same
manner and by the same parties as this
Act provides for appeal TO be taken
from the decisions of the board made
at its regular session
Section SO. A record Of Nhe proceed
ings of the Arkansas Tax Commission
effecting any changes in the assessed
valuation of any property as revised by
the commission sitting as = board Of
fop ne pefa