The Forrest City times., 1912-07-05

It's opinion may he necessary to the per yided. In boards consisting of three members two shall constitute quorum 1 in boards consisting of five members three members shall constitute a quorum
 Section 72 The clerk of the board shall keep in a book provided for that purpose. a record of the proceedings Of the board. Said record shall show the items of personal property and parcels of real estate whose valuations the board has changed Before the fifteenth day of August or before adjournment provided the board adjourns before the fifteenth day of August. the clerk Of the board shall prepare written or printed notice of each increase in yalua- ton made by the board. Such notice shall show each item of personal prop erty or parcel Of real estate which the ! board has assessed or whose valuation it has increased also the valuation as originally made and the valuation the : board has placed thereon. Such notice shall be signed by the chairman and the clerk of the board. It shall be served on the owner Of the property whose assessment is affected. or his agent either by the clerk in person or it shall be sent hy mail to such person or agent The notice shall warn the person affect ed to appear at a session of the board of supervisors Of assessments to be begun and held on ths fifteenth day of August following. and show cause why
 
 made.
 Section Ts. On the fifteenth day of August each year the board of super visors of assessments. with the county judge as ex-officio member and as chairman thereof. shall meet as board of revision and appeals for the purpose of hearing complaints that taxpayers may have to make because of the un- deryaluation or oyervaluation of prop erty. Such sessions may continue from day to day until the first day Of Sep tember if the board does not sooner . complete its work At such session the board shall be governed by the follow ing rules
 l It shall hear and consider no evi- dence unless the witnesses are sworn as witnesses are sworn in a court of justice
 9 Taxpayers aggrieved because of the valuation placed upon their prop erty by the assessor or by the board sitting as q board of equalization may appear in person and by attorney and "fer any legal evidence they may have touching the justice or legality of the proposed increase in the valuation of their property.
 8 The county and State may appear either by legally appointed attorney or by the prosecuting attorney or his deputy.
 4 If taxpayer Is of the opinion that another taxpayers property is un- dervalued he may appear before the ! board and make complaint and IL shall be the duty of the board to adjust all assessments so complained of in such manner as the facts may warrant 5 If it should develop at the hearing or in any other way that items of per sonal property or parcels of real estate are assessed below their true and full value in money, the board shall raise the valuation of such underyaIued prop erty to it's true and fud value in mon ey. first giving the owner or such prop erty notice as Is provided in section 72 hereof to appear and show cause why such raises should not be made. 6. It shall not be considered as a ground for reducing the valuation of the property of the taxpayer that ai- joining property or that other property in the county is assessed below its true full and proportiopate value in money or Is not assessed at all but such other undervaiuesi property shall be by the board increased in valuation to it's true full and propertonate value in money or properly assessed. as the case may be.
 ' By q vote of a majority of the board any contested assessment can be reduced raised the evidence in tro9uOed at the hearing may justify Section "A IL Is the purpose of sac tion 73 hereof te give objecting tax payers the full period from the fifteeDtE day of August to the first day of Sep teInber to appear before the board and object to the raise in valuation of their property as fixed by the board sitting | a assessor as provided in section 52 bereof If the board shall have completed the consideration of all hearings before il earlier than the first day Of September 1t shall adjourn over until such day so as to give the taxpayers the benefit of i the full period above stated for con l testing proposed increases in valuation Seetion . .., The e. Ealuation of all the board of supervisors of assessments $ sitting s an equalization board shall ee deemed and held 10 be the true and full value Of such property unless by q perN!sors Of assessments sitting as q board of revision and appeals the same shall be changed
 Section 76- When the board of su- pervisors of assessments has completed its work a board Of revision and an p"als. the clerk Of the board shall enter in the assessors real and personal tax ! books, in q column provided for the purpose. the valuation, as ecualiZed of each item of personal property and parcel of real estate whose valuation has heen chance3 by the board section v. On or before tho first day of September each year the assessor | snail make out and deliver to the clerk or the county court. report in tabular form in the book 10 be furnished him 9E the clerk. as prescribed in section hN hereof. statement of the amount description and value Of real property ! subject to be listed for taxation in his
 
 of all lands belonging to the Tnited states and to the State or Arkansas also. of all other lots. parcels or tracts or land exempt from taxation which return shall contain:
 l. The names of the several persons companies or corporations in whose 1 name the several tracts of real property 1 other than the property situate in in 1 corporated cities and towns in each congressional township within his coun- ". shall have been listed and in ap- pfoprlate columns. opposite each name the description of each tract by sections or the largest subdivision of which the same is capable. designating the mum Der Of the section and the part thereof and the congressional township or sur Ney. and the value of each tract de- termined by the assessor. lands belong ing to the United States or to this State not to be valued
 7 The names Of the several persons companies or corporations in whose names the several lot. Of real property Tn each town or city In his county shall have been listed. and in appropriate coIumns, opposite each name the de scripuon Of each lot and value as de- termined by the assessor. and such de scrfption shall designate the town or