The Van Buren press., 1912-06-08

agents or by others in or out of this
State for them.
! 10 The term credits" shall be held
to mean the excess OF the sum or All
legal claims or demands for money or
| other valuable things, or for labor or
service due or 10 become due, TO the per
| son liable to pay the taxes thereon. IN
GLIDING annuities or sums Of money re-
| Ceivei a stated periods, due or 70 be-
| come due all claims and demands Sc
cured by deed Of trust of MORTGAGES
| iGs or to become due, when added to-
Eether tSuch claims or demands TO ne
| estimated a their fun value in money
| over and above the sum OF the lesai
and bona nde debts owing by such per
| son. There shall not be taken into ac-
count any obligation to any mutual In
surance company; nor any unpaid SUD
scriptiou TO the capital stock or any
joint stock company; nor any supsctlp-
ton 10 any religious, scientific, literary
or charitable purpose; nor any aehh3wI-
cdEment Of any indebtedness unless
founded on some cousdera ton actually
I received, and believed at the time or
I making such acknowledgment to be a
I fun consideration therefor nor any ac-
acknowledgement of debt made for the pur-
/ pose OF diminishing the amount or
J credits 10 be listed for taxation, nor
. any greater amount or portion OF any
! liability as surety than the person re-
/ uuirel 20 make the statement Of such
/ credits believes that such surety is in
equity bound and will be compelled to
! pay or contribute
Section 6 No assessment OF property
/ for purposes Of taxation and no tax
authorized by law, levied upon any
property by any officer or board au-
/ thOrized TO make and levy the same,
shall be held invalid Tor want of any
/ matter or form in any proceeding which
/ does not affect the merits of the case
! and which does not prejudice the rights
/ of the party whose property is assessed
/ OF against whose property tax is
levied. All such assessments and leNles
! shall be presumed TO be legal until the
| contrary is ahirmatively shown, and
no sale OF real estate for the non-pay-
ment Of taxes thereon shall be rendered
! invalid by showing that any certificate,
return, affidavit or other paper, required
10 be made and filed in any office is not
In such office but until the contrary is
shown the presumption shall be in all
cases that such paper was properly
made and filed
Section :. All property subject to
taxation shall be listed and assessed
every year with reference to its value
on February first preceding the assess
ment
Section s. All property shall be as
sessed at its true and full value in
money. In determining its value the
assessing and eQualizing Officer or officers
shall not adopt a lower or different
standard Of value because the same is
to serve as basis of taxation. nor
shall the price for which property
would sell at auction or forced sale be
adopted as a criterion of value The
officers shall value each article or de
scripuon of property by itself, and at
such sum or price as they believe the
same to be fairly worth in money.
In assessing any traQs or lot Of real
estate the value Of the land exclusive
Of structures aud improvements shall
be determined. and also the value of all
structures and Improvements thereon.
and the aggregate value of all property,
including all structures and improve
ments.
Section g. At every general election
an assessor shall be elected i'm each
county in the State in the same manner
as other county officers are elected
The term of Office Of each assessor shall
begin the first day Of January the year
after he is elected and shall continue
for two years or until mis- successor is
elected and qualified
Section TO- Every person elected or
appointed to the office Of assessor shall
within thirty days after the receipt of
his commission, and before he qualities
enter into bond with the state Of Ar
kansas with good and sufficient security
in the sum Of not less than five thousand
nor more than ten thousand dollars
I
COURT conditioned for the faithful dis
charge Of his official duties Said bond
shall be approved by the county Judge
The assessor shall be liable on his Of
fetal bond to the State, county and
each Of the several school districts road
districts cities and Incorporated towns
| in his county for all damages sustained
| by the State, county and each district
/ or town by reason of any refusal on
/ his part TO assess any property at It's
] true and fun value In money or to dis
| charge any duties imposed upon him
| by law or 10 discharge such duties In
| the manner prescribed by law Such
damages shall be recovered In the same
manner as damages are recovered on
other Official bonds The assessor shall.
also at the time he qualities take the
oath prescribed by section 20. article
|1q Of Constitution OF Arkansas.
/ Failure to give the above prescribed
, bond or to take the oath shall be deemed
/ to be refusal TO serve.
! Section II. Every assessor, each year
| before he enters upon the discharge OF
| his duties shall, IN addition 10 the oath
| prescribed In section 10 hereof take the
| following oath or affirmation which
| oath Shall be endorsed on each Of the
assessment books prior 10 their de-
| livery to the assessor.
a. ......,.,., assessor for ........
| County do solemnly swear that all real
and personal property assessed by me
/ Will be appraised at It's true and fun
/ value I'm money, that In no case will
/ knowingly assess property at anything
/ less than It's true and fun value In
money, that I will not knowingly omit
] TO demand Of any person, OF whom
| may be by law required 20 make such
/ demand Il statement Of the description
/ and value Of the property which he may
/ bee required 10 list and that | will not
] In any way cOnuiyc at any violation or
...tl u|, 40 Ia. lot taHIY Ia Ia.
/ listing or valuation Of any property OF
| any Kind for taxation"
Any assessor who fans 10 take the
/ oath herein prescribed within the time
! prescribed shall be DEEMED 10 have va
Gated the otllco Of assessor. and the clerk
| Of the county court shall az once notify
/ the Governor OF such vacancy
Section H.. The assessor shall APP
praise and assess the real and personal
/ property Of his county m such manner
aud at such time MS this Act shall pre-
| scribe He shall appralse and assess
all property subject 10 taxation In his
/ county except such property as the law
may make u the duty of the Arkansas
/ Tax Commission TO appraise and as
srHs
section 49, Each 0sscssor shall os,
aras the property Of his county between
the first DAY Of February and the nrst
day ct July each year For the purs
pose Of making sHld assessment he shall
visit each township I'm the county ana
shall devote at least three days to the
work of assessing the property of each
township. llo shall UN one or more
public places iu each township most
convenient 90 the taxpayers OF the town
ship at which he shall attend for the
purpose of taking the lists OF the tax
payers ana assessing the property lc
shall give ten days notice or the time and
place at which he shall attend by post.
Ing at least six printed or written no.
I'VE Iu '' IIaN pup", p,nyo' VayIi
with blanks as hereinafter prescribed
for taking the list OF the taxpayers,
Section a. Every person who owns
or controls property OF any Kind 81
who In by this Act Required 10 assess
property shall attend ht the time ana
, place provided boy section - hereof and
. mako and Ale with the assessor complete