The Forrest City times., 1912-07-05

an.hin other than minor shall be listed at the place where the property IS io- eated: provided that all moneys. e-e It's, ! investments in stocks and bonds of such persous under euardianship snail De listed at the place where the guardian
 Section 45 Personal property in the hands of an assignee. receiver, trustee Tn bankruptcy or other court oiflcer, shaIl be listed and taxed at the place of listing before the appointment CT sueh assignee. receiver. trustee or other officer
 Section ts. When any person shall settle or any association or corpora tion shall organize in any county Of this State. and bring personal property therein after the first day of February and prior to the first day of October in any year. it shall be the duty of the assessor 10 list and return such property for taxation that year unless the owner oath. and by producing a copy ef the assessment. duly certified by the proper officers Of State or county in which eaid property was assessed. that the same property hss been listed fer taxa tion for that year in some other county in the State. or In some other state 9r territory of the United States. IT such property is brought within any county after the assessor has made his returns for that year 10 the county clerk the assessor shall at once assess such prop erty and return the same 10 tfre county clerk and the same shall be entered by the county clerk on the tax-books and 
 Section 1- 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 = Hen on the property so sold. The one owing such tax shall be ciyilly liable to any purchaser of such property Tor any taxes he owes thereon. but the property so purchased shall be liable in the hands Of the purchaser or parehas- fRh fa dat EFa the property be sold in the ordinary course of mercantile trade. it shall not be so liable in the hands of the pnr ehasers.
 Section 4s If the property of any taxpayer be seized by legal process so es rot to leave sufficient amount ex- empt from the levy and sale to pay the taxee. then the taxes on the property of ouch taxpayer shall at once fall due and be paid from the proceeds of the saie of the property so taken on such process. in preference to all other claims against 1t.
 Section 4e. 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. without leaving sufficient remaining for 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 ladgment thereon and enforce the tssue as in other cases but without bond. and it shall be enforced as in ether cases
 Section 50. If property subject to taxation be sold seized attempted to De removed sa provided in sections 47 <s. and 4s of this Act before the county that year to tho collector. then If the esaessors eosks be in the assessors banda. he shall furnish the collector the party hae Sssa assessed and the as oessors bechs 6s in the hands of the county clerk. th&a the county clerk shall of that perrsA and the collector shall as once levy on ths property SO return Cd to him the percentage of tax levied In that county fer the previous Year and collect the sama in this Act provided. should tho percentage thus collected exceed the rate levied for the e1rrent year such excess shall be re- turned to the person entitled thereto by the collector upon the order of the county court
 Section 6l In case of doubt as to the listing of personal property. or where 1t cannot be listed as in this Act pro vfded. if between places in the same county. the place of listing shall be de tsrmined by the board of supervisors of assessment. and if between different counties. or places in different counties. by the Arkansas Tax Commission, and
 
 be as binding as if fixed by this Act.
 Section s. Whenever the assessor shall be of the opinion that the person listing real or personal property for himself for another person firm company or corporation. has not made full fair and complete list thereof, or has valued any property al 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 " rft4 af ts questioned. and examine such persons under oath with respect to such prop srty.
 IT. after making such investigation or at any time before the x-hooks are turned over to the board of supervisors of assessments after the assessment has been made. the assessor Is of the opinion from such evidence as may be discovered by him that the party fnak- Ing the list has omitted any Items or nss listed any real or personal property below its true and full value tn money. if shall be his duty to ignore the Vaiua- ton as returned and assess such omit tate at it's true and full value in money likewise fl 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 its true and full value Tn money. In case. however. the assessor shall change the valuation of the property of any person as fixed by the person himself he shall notify such person in writing of such change Such notification shall be made before the second Monday in Au= gust of the year for which the assess ment is made.
 Section B. Each person required by this Act to list property for taxation shall. by himself or agent attend at one Of the places in the proper town ship fixed by the assessor for making assessments in such township and list the property. real and personal. by this Act required. If any person shall fail to attend at one of such places and list the property. he may appear before the assessor at some other place. in tn. county within ten days after the last day fixed for making the assessment in such township and make the list or iists required of him by this Act Should the person not appear before the as sessor and make the list within len days he shall be deemed 10 be q del{n. ouent and a penalty of one dollar, haif of which shall go to the assessor and the other half 10 the common school fund, shall at once accrue. The as sessor shall. soon as practicable either hy himself or deputy visit the office, usual place of business or resl-