The Van Buren press. [volume] (Van Buren, Ark.) 1859-1914, 1912-06-01

/ 10 The term credits" shall be hel,
/ TO mean the excess Of the sum or al
/ legal claims on demands for money OF
! other valuable things, or for labor OF
| service due or 20 become due, TO the per
/ son liable to pay the taxes thereon, I'M
| Guiding annUites or sums of money re
! ceiNed at stated periods due or TO be
! come due, an claims and demands Sc
! cured by deed of trust OF mortgages
! due or 10 become due. when added TO-
! gother iSuch claims or demands TO h6
! estimated at their full value in money
! over and above the sum of the leEa
! and bona Nde debts owing by such per
| son. There shall not be taken into De-
count any obligation to any mutual In
suraure company, nor any unpaid SUD-
| srrlptlou TO the capital stock of any
| joint stock company, nor any suhscrlp'
! tiOn 60 any religious. scientific literary
or charitable purpose nor any ackuoWl
cdgWeut Of any indebtedness unless
founded on some consideration actually
received, and believed at the time OF
making such acknowledgment to be a
full consideration therefor. nor any aC-
. acknowledgement of debt made for the pur-
pose of diminishing the amount OF
credits 20 be listed for taxation, nor
any greater amount or portion of any
liability as surety than the person I"-
uuired TO make the statement of such
credits believes that such surety is I'm
,,.,. "o, ,,.f, o,,a via nc
'
N'.l.nh %. no assessment on proper W
authorized by law. levied upon any
property by any officer or board am.
thUTizyd TO make and levy the same
shall DE held invalid Tor want OF any
'l'NIlt' VT III III III any P.,l',s'iT " .''.
80 ~ 49, Wy 'u'' ~. W. '', i,
'..u ""l'u u'e1 NY $3.50. Wv -
"L 'I' l"l ~ ""oS' IiVt''l ~ 10 ",1y7''
OF aSdIuSt whose property 'dN '7
ltNlGd. Al SuoH 4ssesSLug h.S anu iIN ',7
Sua.I pe litSuHle" 10 pg leNI' uII" wy
contrary 10 a'II III" NV glH NV ~ '."
u" 0I' Oh rear eS'"'e I"l VIC MN Pay ,
"'"t OF IaNtS l"'I'on S""'' "o Itl,"'' '''
hIald py suo"ln5 tnaL any ,'. J'.,gtl'
.t'HI" "'Iu"lII ol y'H'' IaP',e reg u'I re. 81,
IN sgcb ' once bI M 1rtu the contrary is
~ SUI" "'"..' u"' .''' ~, ~ t' NJ, M
SHOWN lne presumption SuaH pe IN an
cases 'hdl sacH paper was properly
made ana ulea
Se.loH d. Al property S''-''t 10
taxation s"aH De llSled ana assessed
every year Win reference 10 JUS NaIu'
on FEBRUARY hIsl preceding the assess
SerIoh o. Al property SnalI ne as
seSstd at us true ana luu \aiue lh
money. In determining lJS value, the
assessing ana equdll1ihE oiIleer or gil'eIs
standard of value because the same is
10 serve as basis Of taxation. nor
shall the price for which property
would scu at auction or forced sale be
adopted as a criterion of value. The
officers shall value each article or de
scription of property bv itself and at
such sum or price as they believe the
I'm assessing any tract or lot of real
estate the value Of the land exclusive
of structures and improvements shall
he determined. and also the value ~ ali
strYcturrs and improvements thereon
and fhe aggregate value of all pr1prrty
including Mn structures and innro,e.
rnnts
Scrtlon @ At every general oloctloo
am assessor shall he elected I'm oarG
rnurt. I'm fine State I'M the Same maunor
MS nibor rnunty onir,rs ara ni..t.1
1,,, tor,, or ,friCo NJ o,.h aesose6,, s,,,Ii
, r 49,, Gret doy Of IapII,,, tI,, ' ,.'r
- a is ,lortnl aud gGgn D,,, I,.,',
for two Years, or min mis- succ.sso, 'g