The Harrison times., 1912-06-01

| or SUBJECT TO ms COnlrOl, with authority
! to sell the same, any personal property
| within this state, purchased with the
view to sale at an advanced price or
profit, or which has been consigned to
| him for sale
! 9. Manufacturer shall include every
person who purchases, receives or holds
personal property Of any description
for the purpose OF adding to its value
! by any process OF refining, manufac-
! ture, rcctlfying or by the combination
Of different materials with the View of
making gain or profit thereby
! TO- Money" or moneys" shall be
held to mean gold or silver coin treas
! ury notes, bank notes and other forms
! OF United states currency in common use
in actual possession; also every deposit
which any person residing In this State,
! owning the same or holding in trust, or
| having the beneficial interest therein
! Is entitled to withdraw in money on de-
mand within this state or elsewhere.
! II, The term Investment in bonds
! shall include all money invested in
! bonds OF whatever Kind or certificate
! Of indebtedness commonly called scrip,
whether issued by Incorporated or unin-
corporated companies, towns cities,
| counties or states held by persons re-
! siding In this state, either by them-
selves or by others for them, in or out
Of this state whether for themselves or
]
~, The term investments In stocks
shall be held TO include all moneys
! invested In public stocks Of any associa-
! tion corporation or Joint stock com
! paDy whose stock or capital Is divided
! into shares, which are transferable by
each owner without the consent of the
other owners or stockholders and for the
taxation Of which no special provision
| is made by this Act, held by persons
| resicing In this state, either for them
selves or as guardians, trustees, or
| agents or by others in or out OF this
| State for them.
| 13. The term credits" shall be held
! to mean the excess Of tho sum or oil
! legal claims or demands for money or
other valuable things, or for labor or
| service due or to become due, 70 the per-
| son liable TO pay the taxes thereon, IN
| Guiding annuities, or sums or money re-
ceiyed at stated periods due or 10 be-
| come due all claims and demands Sc
| cured by deed OF trust OF mortgages,
! due or to become due, when added to-
! gcther (such claims or demands 20 be
| estimated at their fun value in money!
| over ard above the sum of the legal
| and bona tldo debts owing by such per
| SON. There shall not be taken into nc
count any obligation TO any mutual In
/ suranco companyi nor any unpaid sub
| scrirtion TO the capital stock Of any
| Joint stock company, nor any subscrip-
| tlon 10 any religious, scientific, literary
| or charitable purpose, nor any acknowl-
! cdEmcnt Of any indebtedness unless
! founded on aomo consideration actually
! received and believed, at tho time Of
| making such acknowledgment TO be Il
| fun consideration therefor nor any aCa
| acknowledgement Of debt made for the pur-
! pose OF diminishing the amount Of
| credits 60 be listed for taxation; nor
! any greater amount or portion OF any
! liability as surety than the porsoD re-
| quirod TO make the statement Of such
credits believes that such surety Is IN
! equity bound and viii be compelled 20
! pay or contribute,
Section 6, No assessment OF property
! for purposes OF taxation ana no tax
authorized by law, levied upon any
property by any officer or board Au-
! thorl2od 10 mako and levy tho same,
shall be held invalid for want of any
matter or form IN any proceeding which
! does not affect tho merits Of tho case
! and which does not prejudice the rights
| of the party whose property IL assessed
| or against whose property Il tax is
| levied All such assessments ana lcvlos
! shall be presumed to bo legal until the
| contrary ls ullirmDtlycly shown; and
no snlo OF real estate for the non-puy-
! mont OF taxes thereon shall be rendered
! invalid by showing that any certificate,
return, 0flldayit or other paper, required
| to be made ana filed In any Office ia not
| In such office, but until the contrary ls
shown the presumption shall be IN all
coscs that such paper was properly
made ana filed,
Section z, All property subject 10
taxation shall be listed and assessed
every year with reference to its value
on February lrst preceding the nssossz
ment
Section s, An property shall be as.
sosscd at It's true ana FUN value In
| money In determining its value tho
| assessing ana CQuUll2ng officer or officers
| shall not adopt n lower or dlfforont
! standard OF value because tho a0mo h
| 70 aery0 Na q basis Of taxation, nor
| shall tho price for which property
would sell at auction or forced sale be
| adopted AB criterion OF value The
officers shall value each article or de-
| BcrIpilon of property by Itself ana at
| such uum or price ms they believe the
same 20 be fNlrly worth IN money
In assessing any tract or lot Of real
estate the value Of the land exclusive
| Of structures ana improvements shall
| be determined, ana also the value Of all
| structures ana improvements thereon.
| ana the aggregate value Of all property S.
| including Ull auucturoA ana Improve
! monla.
Section o, AZ every general election
| an asHeRR0P shall he elected an each
] tHNlllN III tue FlHlN III lllN same manner
! as other county officers are elected
| Tho tefm-bf office of each assessor shall
| begin the first day OF January the year
! after he is elected ana shall continue
! FOR two years, or untll MIS- successor ia
| elected aud qualified
Section TO- Every person elected or
! appointed 20 the office of uaHeaRor, shall
within thirty days after the receipt OF
| his commission, ANA before he qualities
enter into bond with tho State or Arr
! kansas with good and sufficient security
! In the sum OF not lpHH than fvn thousand
nor moro than ten thousand dollars
| ttho amount 20 be nXod by tho county
COURT, conditioned for the faithful dis
charge OF his official duties Said bond
shall be approved by the county Judge
! Tho assessor shall be liable on hla Of
| fetal bond 20 tho State, county and
! each of tho several school districts road
! dlHlrleth, olll0H nud Incorporated towns
! In his county for oil damages SUSTAINED
! by the State, county ana each dHtrlet
! or town by reason OF any refuehl on
! his part tO AfHnHH any property at It's
true and ful value IN money, or TO dis
| charge any duties imposed upon him
! by law, or 60 Discharge such duties In
! tho manner prescribed by law Nuph
! dNmUWon shall ho recovered ln the same
| manner pH damages are recovered ON
| other official bonds The aHHeRHar shall
also at the time he QuhllheHl take the
| oath prescribed by section an article
| 10, OF Constitution OF Arkansas
| Failure 10 give the above prescribed
! bond or to take the oath shall be deemed
| to be refusal 10 serve.
Section H. Every assessor each yenr
! before ho enters upon the discharge OF
| hln duties, shall, IN addition 10 the oath
prescribed IN section 10 hereof take the
| following oath or affirmation which
| oath hhhtl he endorsed on each of tho