The Prescott daily news., 1912-05-31

at tne tune of the death of such per-
 Section A. The personal propertv of minor and every person under guard lahsnip other than minor shall be listed d. the place where the property is To- cated; provided, that all moneys credits investments in stocks and bonds of such persons under guardianship shall he listed at the place where the guardian or curator resides
 section 45 Personal property in the hahds or an assignee. receiver, trustee Tn bankruptcy or other court officer snail be listed and taxed at the place or listing before the appointment of such assignee, receiver. trustee or other officer.
 Section 46. When any person shall settle, or any association or corpora ton shall organize in any county of this State, and bring personal property onereln after the first day of February and prior to the first day of October Tn any year, it shall be the duty of the assessor to list and return such property TOT taxation that year, unless the owner anereot snail show to the assessor, under oath, and by producing copy of the assessment, duly certified by the proper offcers of State or county in which sald property was assessed. that the same same property has been listed for taxa tlon Tor that year in some other county Tn the State, or in some other state or territory of the United States. If such property IS brought within any county
 
 for that year to the county clerk the assessor shall at once assess such prop erty and return the same to the county clerk, and the same shall be entered by the county clerk on the tax-books and collected as in other cases.
 section AT. If any person of this State. after his personal property has been assessed and before the tax thereon is paid. shall sell all of the same and not retain sufficient to pay the taxes thereon, the tax for that year shall be lien on the property sold. The one owing such tax shall be ciyilIy for any taxes he owes thereon, but the property so purchased shall be liable in the hands of the purchaser or purchas- CTS for such tax; provided however if the property be sold in the ordinary course of mercantile trade, it shall not be so liable in the hands of the pur- chasers.
 Section 4S. If the property of any taxpayer be seized by legal process so as not to leave sufficient amount ex- empt from the levy and sale to pay the taxes, then the taxes on the property of such taxpayer shall at once fall due and be paid from the proceeds of the sale of the property so taken on such process. in preference to all other claims against it.
 Section 49 When any person is about to remove his property from the State after the same has been assessed and before the taxes thereon have been paid. WitIOut ltaNlHS remaining TOT the payment of the taxes thereon. the tax shall at once become due and pay able, which fact shall be determined by any court of competent jurisdiction in an action brought in the name of the State. for the use of the county, against the owner or reputed owner of such property, which court may render Judgment thereon. and enforce the issue as in other cases, but without bond, and it shall be enforced as in other cases.
 Section 5O If property subject to taxation be sold seized or attempted to be removed as provided in sections A. AS. and 49 of this Act. before the county clerk has turned over the tax-books for that year to the collector then if the assessors books be in the assessor S hands. he shall furnish the collector the assessment of that person; but if the party has been assessed and the as sessors books be in the hands of the county clerk. then the county clerk shall furnish to the collector the assessment of that person, and the collector shall at once levy on the property so return ed to him the percentage of tax levied in that county for the previous year and collect the same as in this Act provided. Should the percentage thus collected exceed the rate levied for the current year such excess shall be re- turned to the person entitled thereto by the collector upon the order of the county court
 
 listing of personal property, or where 1t cannot be listed as in this Act pro- vided. if between places in the same county. the place of listing shall be de- termined by the board of supervisors of assessment. and if between different counties, or places in different counties by the Arkansas Tax Commission; and when determined in either case shall
 section 52. Whenever the assessor shall be of the opinion that the person listing real or personal property for himself or for another person, firm company or corporation. has not made a full. fair and complete list thereof. or has valued any property at less than its true and full value in money. he shall examine such person at length under oath. He may also call before him any other persons having knowledge of the property of the party whose assessment is questioned. and examine such persons under oath with respect to such prop erty.
 If. after making such investigation or at any time before the tax-books are turned over to the board of supervisors of assessments, after the assessment opinion from such evidence as may be discovered by him that the party mak- ing the list has omitted any items or has listed any real or personal property below its true and full value in money. it shall be his duty to ignore the valua- tion as returned and assess such omit ted items or such parcels of real es- tate at it's true and full value in money; likewise it shall be his duty to raise the valuation of any real or personal property which may have been under valued by the person listing it. to it's true and full value in money. In case however. the assessor shall change the valuation of the property of any person as fixed by the person himself he shall eSange nSy sush sncR person WFans shall made before the second Monday in Au- gust of the year for which the assess ment is made.
 Section 53 Each person required by this Act to list property for taxation shall, by himself or agent attend at