The Forrest City times., 1912-06-07


 i s1-ua7ce of It's d1tes as herein pro ztted h hoe-+s cons sting of three i members two snail constitute quorum zz boards consisting of five members three members shall constitute a quorum
 Section = The clerk of the board ! shall keep. in book provided for that 1 purpose a record of the proceed iuCs of I tha board sad record shall show the items of EerSaual property and parrels l - reaI estate whose valuations the ! boa -d Hzs changed. Before the fifteenth ds= of August or before adjournment ! provided the board adjourns before the | f#fts@atH day af August the clerk of I the board shall prepare a written or ! printed notice of each increase In val1a- 1 tior made by the board Such notice Shaii show each item of personal prop i board las assessed or whose valuation ] ' has increased also the valuation as | originally made and the valuation the board has placed thereon Such notice shall he s5EHA5 by the chairman and the clerk of t-s board IL shall be served on the aHHe- ot the property whose assess Eaeat ls affected. or his agent either by the clerk i1 person or it shall he zeHt h# raA ta such person or agent The notice shall warn the person affect ed = appear at session Of the board - supervisors Of assessments 10 be begun ar8 held on the fifteenth day of August following and show cause why such Increase n val l-ation shall not be made
 Section = On the fifteenth day of August eaah year th- board of super Fzsa=s - assessments with the county Judge as eX-offtcI1 member and as chairman thereof small meet as q boa - 9ssz- a@1 tTr-@is for The purpose of hearing complaints that taxpa yers nay have to make because Of the un- serHaI8ztzea CT ore-Ealuation of prop erfE- SaE1 sessions may continue from day t8 day until the first day Of Sep teruber tf the board does not sooner complete 5;s work At such session the board shall be governed by the follow ing rules
 [ r shall hear and consider no evI- dAnce un-ess the witnesses are sworn as witnesses are sworn in court Of justice
 2 Taxpayers agerieved because Of ertx by tHe assessor or by the board sitting as board of equalization may appear in person and by attorney and a-er any legal evidence they may have ta4eE5ng the justice or legality Of the proposed increase in the valuation Of their property
 The county and State may appear either by legally appointed attorney or 6y tHe prosecuting attorney or his deputy
 It taxpayer Is Of the opinion tnat another taxpayers property is un- dervalHea he may appear before the board and make complaint and Il shall be the duty Of tne board to adjust all assessments so complained of in such i manner as tse facts may warrant 5 If it should develop at the hearing or ln any other way that items of per sonai property or parcels of real estate are assessed below their true and full : value n money. the board shall "a ise l the valuation of such underyalued prop erty to It's true and fua value in mon ey first giving the owner of such prop erty notice as is provided in section = hereof to appear and show cause why such raises should not be made
 Er Ef ~aI . ground for reducing the valuation of i the property Of the taxpayer that ad- T joining property or that other property in the county ts assessed below it's true full and proportionate value in money or iS not assessed at all but such other i underEaiaed property shall be by the board increased in valuation to It's true full and proportionate value in money or properly assessed. as the case ma Y be.
 : By a vote Of a majority of the board any contested assessment can he I reduced or raised as the evidence In troduced q the hearing may justify Section Il II IS the purpose of sec tion 3 hereof 10 give Objecting tax payers the full period from the fifteenth day nf August to the first day of Sep tember to appear before The boar and object to the rH tse in valuation Of the!r property as fixed by the board stttfnc las board of equal ization or bv tho assessor as provided in section 52 hereof If the board shall have completed the consideration of all hearings before 1t earlier than the first day of SeDt@rnbrr | shall adjourn over until such day so as to give the taxpayers the benefit of l the fGH period above stated for con 1 testing proposed increases in valuation. Section 45- The valuation of all property as fixed by the assessor or by the hoard of supervisors of assessments s sitting as an equalization board shall be deemed and he'd 10 be the true and fall value of such property unless by s4 vote of majority of the beard of s8- pervisors Of assessments sitting as a board of revision and appeals the same shall be changed
 Section 7s When the board of su- perVisors of assessments has completed it's work as board of revision and ap- peals the clerk of the board shall enter hooks in column provided for the purpose the valuation. as equalizcd. ot each ten Of personal property and parcel of real state whose valuation has been changed by the board
 Section - On or before the first da@ CT September each year. the assessor shall mako out and deliver to tho clerk of the county court. report in tabular form in the book 10 he furnished him by the clerk. as prescribed in section hs hereof A statement of the amourt deseFiFt5on and value Of real properts subject to be listed for taxation in his i county and the amount and description of all lands belonging to the t'nite ! States and to the State of Arkansas
 
 ot land exempt from taxation wht-A return shall contain.
 | I The names of the several persons companies or corporations in whose name the several tracts 0f real pr0pestY other than tfe property situate in in- eorporated cities and towns. in each congressional township within bis coun- ". shall have been listed and in ap- proprtate columns. opposite each name the description If each tract hy sections or the largest subdivision of which the same is capable designating the mum Der of the section and the part thereof and the congressional township or sur vey. and the value of each tract de termined by the assessor lands belong Ing to the United States or to this State not 10 be valued
 The names of the several persons :. companies or corporations in whose names the several lots of real property in each town or city in bis county shall , have been listed. and in appropriate columns opposite each name. the de seription of each lot and value as de- , termined bv the assessor. and such de- sariptlan shall designate the town CT city the number of lots and parts there sI of and f pat of lot 8 listed II shall state the number of feet along the prin- 5 -f4f A t.4H-5