Arizona republican., 1912-09-26

division, a careful estimate in writ ing of the amounts, specifying in detail the objects thereof, required for the business and conduct of the affairs of their respective depart ments and offices, during the next ensuing fiscal year.
 Section 4. On or before the first Monday in December in each year, or on such date in each year as shall be fixed by the commission. each divi- sion head shall submit to the com mission the said several estimates and reports of the chief officers of his division, and his own personal report and recommendation and esti- mat as to the probable expenditures of his division for the next ensuing fiscal year, stating the amount in de- tail required to meet all expenditures necessary for his division, including interest and sinking funds for out standing indebtedness, if any therein, also an estimate of the amount of the income expected from all sources in his division and the probable amount required to be raised by taxation to cover such expenditures, interest and sinking funds.
 
 meet annually prior to fixing the tax levy and make a budget of the es- timated amounts required to pay the | expenses of conducting the business of the city government for the en- suing fiscal year. The budget shall be prepared in such detail as to the aggregate sum and the items thereof allowed to each department, office and subdivision of the city govern ment, as the commission shall deem advisable.
 Section 6. The commission shall meet at their usual place of holding meetings on the second Monday in | May of each year at ten o'clock in the 1 forenoon of said day, and sit as a | board of equalization and shall con- tinue in session from day to day for | twenty days. They shall have full power to hear complaints and to cor rect modify, strike out or to raise any assessment, provided that notice shall be given the party whose as- 1 seSsment is to be raised
 | Section :. The commission must i finally adopt, not later than the first Tuesday in July an ordinance levy 1 ing upon the assessed valuation of the property in the city, subject to | the provisions of this charter, a rate of taxation upon each one hundred dollars of valuation sufficient to raise the amounts estimated to be re- quired in the annual budget, less the amounts estimated to be received from fines, license and other sources of revenue They shall then deliver l ,l,o collector who shall compute and car ry out the amount of the tax so lev jed upon each parcel of property contained in said assessment roll. | The corrected list of each tax shall be the assessment roll of said tax for said year, and it shall be certi- l fled, by the city tax collector as being the assessment roll of said city, and thereupon the tax collector shall deliver said tax roll so certi- l fled to the commission and when the same is adopted by the commission the mayor shall attach his warrant thereon, authorizing the tax collector to collect the taxes therein, and said warrant shall be the authority for the tax collector to proceed and col lect said taxes as provided by or
 dinance.
 Section s. The tax levy authorized by the commission to meet the muni- cipal expenses for each fiscal year
 shall not exceed, except as herein provided, the rate of $1O0 on each
 one hundred dollars of the assessed value of all real and personal proper
 ty within the city.
 l Section g. All taxes shall be uni form upon the same class of property
 within the corporate limits, and shal
 be levied and collected for public
 purposes only; and all property 'shal
 be assessed at it's full cash value
 The term "cash value" as used here
 in shall mean the amount at which
 the property would be taken in pay
 ment of a just debt due from d sol
 vent debtor
 , There shall be exempt from taxa
 tion all federal. state. county anC
 municipal property; property of edu cational, charitable and religious as
 sociations or institutions not use(
 or held for profit shall be exempted
 from taxation.
 Public debts as evidenced by the
 bonds of Arizona, it's counties. muni-
 
 also be exempt from taxation; there shall further be exempt from taxa tion the property of widows anC
 minors, residents of this city, not ex
 ceeding the sum of one thousand dol
 lars, where the total assessment O , such widow or minor does not ex ceed two thousand dollars; all prop erty in the city not exempt under the
 laws of the United States, the laws O the State of Arizona and the charter . and ordinances of this city shall b' l subject to taxation to be ascertaineC as provided by ordinance; provided
 however. that the commission may re
 duce the assessment of improvement on real estate below their cash Valu'
 or exempt the value of all improve mentS on real estate
 Section 10. The commission shal
 have the power to levy and collec taxes in addition to the taxes hereii 1 authorized to be levied and collected
 sufficient to pay the interest ant
 maintain the sinking fund of thu
 bonded indebtedness of the city ant , to provide for the establishment anC support of free public libraries ant
 reading rooms.
 Section ii The commission Shal