The Harrison times., 1912-01-13

value or the actual cash value of
bonds.
&c. The assessed value Of all real
estate owned by company.
az. The value Of all tangible per
sonal property owned by the COM
pany and assessed under sections l6,
IS, 10, 21 or 90
"The sum Of items four and flye,
less the sum Of items six and seven,
shall be held to be the value of the
intangible property Of the corporation
and shall be listed and assessed by
the corporation as agent by share
holders under the heading Intangible
Property"
Section 81. The corporations re-
quired to make the returns provided
for In section 30 Of this act, shall list
and assess their tangible property,
real and personal, on the proper form
as prescribed by sections 16, 1S, 10,
| 81 and 22 hereof. The return pre-
scribed by section 30 is required In
addition to the regular lists provided
for by this act, and It's purposes is to
secure the assessment OF intangible
property belonging to the corpora
ton"
Section 80. Each OF the state
ments required by sections 16, II, 18,
10, 20, o. 22, 25, o. 2S, 30, must
be subscribed and sworn to by person
making and fling same, Said oath
shall be in the following form;
T,,,.,,,,,.,, do solemnly swear
Cor afIlrm) that the list OF property
redered by me contains all Of the
personal property, which ! am by law
required to list for taxation for my
self Cor as..u.n..,D that each
answer made by me In such state
ment Is in every respect true; that
have valued each item In It's true
and full value IN money; that In flS-
ing value Of said property ! have not
taken same at m amount below It's
| full and true value In money because
OF the fact that was assessing said
property for taxation"
Section 80. Logs, lumber cross
ties, slaves, staye headings, fence
posts, telegraph and telephone posts,
and other similar products cut for
salo shall be deemed to be manufac'
iurod articles or materials in process
Of manufacture, as the case may be,
in the hands Of the person who cut
and manufactured them for sale, and
merchandise If they have passed into
tho hands Of the person who bought
them for the purpose Of selling them
and whether they are the property OF
person or a corporation they shall
be listed and taxed in the county
town or district In which they may be
located on February the lst,
"Soctlon 5j, Whenever II shall be
found by tho assessor, the board Of
supervisors Of assessments or the Ar
| kansas Tax Commission, ttat any per
son who has made and filed list or
return as provided by this act, has
with intent to eyado taxation wilrully
omitted to list any Item Of property
az required by this act, such item
shall be lIsted against such person at
rs true and full value, and for failure
70 assess said item n penalty equal
| TO 30 per cent Of the total taxes on
the Item for that year shall be 0s.
sessed against Il, Writton and print
ed notice Of such assessment and
penalty shall be given tho taxpayer
and he may appear before the board
OF supervisors Of assessments or tho
] Arkansas Tax Commission, as tho
case may be, and show that the omIs.
sion was not done with the intent to
dofroud II satisfactory showing IA
made tho penalty shall be abated,"
This section Ia for the purpose Of
forcing corporations TO rcndor n cor,
rect statement Of all tho different
toms Of their property and the value
90 'reof
section &c, proylloa that If anyone
Is sick or absent from home, or If any
othor reasonable excuse Ia given why
q Taxpayers property was not by hIr1
listed IA required, the penalty will
| be abnted,
"Sectlon 100, Any provision In any
mortgage, deed Of trust or other BmI.
lar instrument whereby the mort.
RaRor or oblgor binds hImaclf to pay
/ any tax that may be assessed against
the holder or owner Of the note or
other credit secured by such mort
gage or decd Of trust because of such
note or credit shall be null and void
and such provision shall not be en-
foroeNblo In any court Of law or
equity In this state"
"seelion a6, Persons aggrieyed by
the actions Of the assessor In assess.
Ing their property may appeal to tho
board Of supervisors Of assessments
sitting az q board Of equalization
From tho final Judgments Of the board
Of supervisors sitting aa board Of
revision and repeals, appeal may be