Pine Bluff daily graphic., 1912-06-15

| f"'~Iis to De IufnlSneu upon
 such forms and upon such blanks as the
 commission may prescribe.
 D. TO make and prosecute such re-
 kearch and Investigation as to the detailed properties of corporations. the business
 Income. reasonable expenditures. net
 earnings and true values of the fran chises of all public service corporations dong business in this State as will en- apie the commission to ascertain q fair and equitable basis of assessing same and of making and recommending proper | ieGlSlaton to the Legislature from time ! 10 tlme. and to direct the local assess | Ing officers in assessing such proper I ties.
 r. To require individuals, firms and l corporations to furnish information con- l cernlng their capital, funded or other 1 dcbts. current assets and liabilities value i or property, gross and net earnings | operating and other expenses. taxes and | other charges and such other facts as
 may be needful and desirable to en-
 aple the commission to ascertain the value and relative burdens of taxation borne by all kinds of property in the l State.
 l s To cause the depositions of wit
 nesses residing within or without the 1 State, or absent therefrom. to be taken | upon notice to the interested parties in l ike manner as depoSitons are taken in
 civil actions pending in the circuit or chancery court in any matter which l the commission shall have authoritv to i investigate and determine
 9 TO investigate the tax systems of other states and countries and to formu- late and recommend such legislation as
 may be deemed expedient to prevent eNasion or the assessment and tax laws and to secure just and equal taxation
 throughout the State
 TO- To prescribe and prepare all i necessary intcrrogatoric.s and lnlestions
 70 be answered by taxpayers and persons or each county. and tho forms upon Which the lists prescribed by this Act are to be made.
 1 II. To consult and confer with the Governor and Attorney General of the ! State upon the subject of taxation acl- ministration of the laws relating thereto. commission. and to furnish said officers ! from time to time such information and l asslstancc as they may desire.
 l2. TO transmit to the Governor and i to each member of the General Assem- bly. thirty days before the biennial ses- sion of the Legislature the report of ] the commission covering the subject of assessments and taxation in the State together with such meas,rcs as may he formulated for the consideration of the Legislature
 Section S2: The Arkansas Tax Com misS,on 1T. 1, et! sha'i keep an accurate record or all offlclal proceedings. It shall also keep seal upon which shall be the 1 impression. '"rhe Arkansas Tax Com mission; All processes or certificates issned by the commission shall ha at tested hv said seal. Copies of the rec ordS or the commission, certified by the secretary and atteste1 by the seal of the commission shall be received as evidence with the like effect as comics of other public records The seeretary or the' commission shall be the custodian or the seal and records, and be al, .noflzed n,t |" affix the seal in all proper cases The secretary or any memhar of the commission shall have the power to aamlnis9er oaths in all matters con stIll'he s;a me proceedings of the commits s1on or it's official duties
 Section s. The commission sbal, nro- Vide a uniform method of keeDinr the tax rolls and books relating to taXatjon m m each county of the State They shall aar a"rihaaale 1e , and send to the proper off ger or each county all necessary forms ny thls Act provided. to be used in the l'St1ns, assessing. return of property collection of taxes. Said commission or ort one or them shall from time to time. as ollen as may be necessary, visit each county in the State for the purpose sof ieduif1n% the proper assessment and ro q. enrn or or property. I a uniform value there u. .. ana the use of forms and system of Keeping accounts provided by law or bN tho commission.
 Section S5. Section 12 of Act 257 of the Acts of 1909, approved May 12. 1909 lows: ~ ecu" 'tS Aol- Section 12 The Arkansas Tax Com t,l,ss1oil HIS @ as hereby created shall consti- ute State board of equalization and S'i ""A'<,c lIt NdIuaJ1OnS and 1 easements of property throughout the state. It shall meet al the State capital oli the 1>fSt day of September of each sss.l TOT the purpose of edualizing the property of the State. The commits slon. as State board of equali2at ton may in it's discretion. sit at ahv other place in the State il may deem advisable iof the purpose of making investiga- tions or granting hearings relating to t,le Work or eaualizing the property of the state. The session of the commission as State board of equalization shall continue from the first day of Septem Der to the fifteenth day of October each year. AS State board of equalization 1he Arkansas Tax Commission shall have the following powers and shall he governed by the following rules
 l. To hear appeals from individuals. 1lrns and corporations from the orders ana ludgments of the several county boards of supervisors of assessments and to grant such relief as may be deemed just and proper
 They shall add to the aggregate aaluatlon or the real property of every county which they find to be valued below its true full and proportionate value In money such per cent as will bring the same to it's true, full and pro pofuonate value in money
 j. They shall deduct from tho az sresate valuation of the real property of every county which they find to be valued above it's true. full and propor- ''"'t'',. Ndiue III money such cent as will reduce the same to it's true full ana proport'onatc value in money
 4' IT they find that the valuation of me real property of any town or dis tr,ct m any county or of the real prop "rt? ot any county not in towns. should ne fhlScd or reduced without raising or fe'ucins the other real property in such eounty or without raising or rcaucinp
 m me same ratio. they may add to or 'akn from the valuation of any ono or more of such towns or districts or "l me property not in towns such per r"ht as they believe will raise or recl,ce t0N same to its true. full and propor tl"nato value in money
 D. They shall add to the aggrerate Va'uatloh Of any class of personal prop "rtH m any county district or town Waich they believe to be valued below It's true, full and proportio.ate val1,, ln money such per cent as will raise tine value thereof o''"' '7
 D. They shall take from the aggre gate valuation of any class of personal 1roperlF m any county, district or t9wn which they find to be valued fhn