The Sentinel=record., 1912-06-06

purposes and such information as may be needed or desired in the work i'm posed upon the commission by this Act such information to be furnished upon such forms and upon such blanks as the commission may prescribe.
 G. To make and prosecute such re search and investigation IS 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 doing business In this State as will en- able the commission to ascertain a fair and equitable basis of assessing same and of making and recommending proper Legislation to the Legislature from time to time and 10 direct tho local assess ing officers in assessing such proper ties.
 z To require individuals firms and corporations to furnish information con corning their capital. funded or other debts, current assets and liabilities value of 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- able the commission to ascertain the value and relative burdens of taxation borne by all kinds Of property in the State.
 g. To cause the dispositions of wit nesses residing within or without the State. or absent therefrom, to be taken upon notice to the interested parties in like manner as depostions are taken ir civil actions pending in the circuit or chaneery court in any matter which the commission shall have authority to 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 evasion of the assessment and tax laws and to secure just and equal taxation throughout the State
 10 To prescribe and prepare all necessary Undergraduates and questions to be answered by taxpayers and persons of each county, and the forms upof which the lists prescribed by this Act are to he made.
 il. To consult and confer with the Governor and Attorney General of tho State upon the subject of taxation. ad ministration of the laws relating thereto and the progress ot the work of the commission, and to furnish said officer from time to time such information ano assistance as they may desire
 12. To transmit to the Governor and to each member Of the General Assem- hly. 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 measures as may be formulated for the consideration of the Legislature
 Section s2 The Arkansas Tax Com. mission shall keep an accurate record or all official proceedings. It shall also keep sea4 unon which shall be tho impression, "The Arkansas Tax Com mission" All processes or certificates issued by the commission shall be at tested by said seal. Copies of the rec ords of the commission. certified bv the secretary and attested by the seal of the commission shall be received as evidence with the like effect as copies of othcr public records. The secretary or the comm ission shall be the custodian or the seal and records and be au- thorized to affix the seal in all proper cases The secretary or any member of the commission shall have the power to administer paths in all matters con corning the proceedings of the commits sion or It's official duties
 Section S3. The commission shall pro Vlde uniform method of keeping the tax rolls and books relating to taxation m each county of the State They shall formulate and send to the proper off cer of each county all necessary forms pN thiS Act provided to be used in the listing, assessing. return of propertv collection of taxes. Said commission or one of them shall from time to time as ofteu as may be necessary visit each county In the State for the purpose ot requiring the proper assessment and re. turn ot property, a uniform value there or. and the use of forms and system of kecElnS accounts provided by law or by tho commission
 
 the Acts of 1909. approved May 12 1900 lows:
 i5e,ti Section 12. The ArSansas Tax Com mission as hereby created shall consti- tnte State board of equalization and shall equalize the valuations and as. SeSsments of property throughout the state If shall meet at tine State capital on the first day of September of each year Tor the purpose of equalizina tho assessments of the real and personal property of the State. The commis slon as State board of equaIfzatior may m Us discretion sit at any other piace ln the State tt may deem advieabie Tor the purpose of making investiga. tons or granting hearings relating te tne work Of equalizing the property of the State The session of the commission aS State board of eousIizatfon shall continue from the first day of Septem. her to the fifteenth day of October eact year. As State board of equalization the Arkansas Tax Commission shal have the following powers and shall bs governed by the following rules
 ]. To hear appeals from individual Is firms and corporations from the orders and judgments of tho several county boards of supervisors of assessmerts and to grant such relief as may be deemed just and proper
 They shall add to the aggregate valuation of the real property of evers county which they find to be valued Ntt'N it0 true. AWii AdHu proportional te value In money such per cent as vii bring the same to it's true. full and pro porttonate value in money
 g. They shall deduct from the az greEate valuation of the real propert, ot every county which they find to bt valued above it's true. full and propor l tionate value iu money such per cent as will reduce the same tn ifs frue fnll and proportionate value in money. 4 lf they find that the valuation of i the real property of any town or dis | trict m any county or of the real prop 1 erty ot any county not in towns should 1 he raised or reduced without raiaine or reducing the other real property in sucb county or without raising or reducing ! II m the same ratio, they mav add to or take from the valuation of any one l or more Of such towns or districts or l or the property not in towns such Der l cent as they believe will rh ise or roduco l lhe same 10 it's true. fuil and propor- donate value In money.
 D They shall add Co the aecresa te valuation Of any class of personal nron l ertE m any county district or town Wh'oh tney believe to be valued below ! JUS tfue' full and proportionata yalue in money such per cent as viii raise tbe value thereof ''"'i'l 'e
 They shall take from the argro gate valuation of any class of porsonst IHopefiN fn any county. dfetrfrt n town which they find to be valysd HnnFe me true. full and proporttooete Ealue thereof, such per cent as win ro 1uce me same to it's true. full and pro
 should the commission find f, peo m equalzing tho assessment of