Pine Bluff daily graphic., 1912-06-08

Ho ..,, .ie same CT hoIding in trust u,
 is .n,7., 'ne penefciai interest therei,
 is entitled to withdraw in monav ,,9 d.
 ''aiio within this State or elsewhere
 ,t,;; Inc term investment in honds, | sh''Il include all money invested i | oe ;!s oI Whatever kind OF certitics f,
 wbath',. teoness commonly called scrip | ~mi.et'lAl ~ issued by Incorporated or uni,,
 oi potated companies towns citias
 ullt'eS or states, heiG ;,v persons r.
 is sluihs III this State. either by than1. nf tefs or e.. b! others for them. in or on, VI thls State whether Tor themselves n,
 ss guardians, trustees or agents vt l2. The term "investmsnte i, stoo,., l s'i,li De held to include all n,o,ers 'Nre.ea m pupil" stocks of any assocj3. 1 r.,1', '"it''ratio ion or joint stock com
 tntn shn, a'nst stock or capital is divide,
 ii'o shaFeS. which are llatlsferahla hl 1 eaeh owner without the consent of tl, ootiltt ot owners or stockholders. and for ths ! .aNati"h of which nu special provision resimina 'ln.s i1 nN ,, this -.t, held by persons selves or SIS guardians. trustees o, Ssehts or by others in or out Of thi, 1 state for them.
 l:'. The. term credits shall be held ,i o iit'an the excess of the snm of all VHai 'ialHl" or demands for money ar other valuable things or for lal,or n, service que or to become due to to- Der. 9olf i';tple to pay Ine taxes thereon in ciGalI& '.ai' ahnuities. OF sums of money re. ! he come due, all claims and demands ga
 cured ny deed Of trust of mortgages @ uue or |" become due. when added to. setnef 'Snrh claims or demands To Le e,,.ai ."1 al their fuli value in money oNe' snh above tine s.in of the lesa i ana Doia tide debts OW'n by such nsr- S'h. There shall not be taken into ac- count any obligation to anv mutual in n"i alte company: nor any unpaid sub | Scfiptlon to the capital stock of anv i tloh to any religious. scientific literary or charltable purpose: nor any acl1nowl- 1 eeushleht of any ndeDt ednesS unless | rounded on some consideration actuaiIv Ie'elFed. and believed, at the time of l making such acknowledgement to he a i run consideration therefor nor any ar- khowledgment of debt made for the pur. pose Of diminishing the amount of eiealtS |" be listed for taxation; no1 any greater amount or portion of any j ilabllltN as surety than the person It. i q'llred to make the statement of such credits believes that sucn surety is in I equity bound and will be comnelIad tn pay or contribute
 section $. No assessment of propertv Y 1 TOT purposes of taxation and no tax authorized by law, levied upon any Prop"rtH hN any officer or board all- | thoriZed to make and levy the same i shall be held invalid for want of any
 matter or form in any proceeding which hoes not affect the merits of the case ana which does not prejudice the rights oi 'he i'aftN "noSe property is assessed i pi aSalhst whose property a tax is ieNled. All such as~as ssnents and leyies | Shall be presumed to be legal until the | contrary is attrmatively shown; and no sale of real estate for the non-pay- ] hcht o1 taxes thereon shall be rendered 1 ihNalld pN showing that any certificate return, affidavit or other paper reuuired l to be made and filed in any office is not m such office. but until tne contrary is shown the presumption shall be in all cases that such paper was properl, 1 made and filed
 Section All property subject to taNatlon shall be listed and assessed every year with reference to it's value on February first preceding the assess ment.
 Section B. All property shall be as- sessed at it's true and full value in money. In determining it's value the aSse ssla@ and equaliZing officer or officers snal not adopt lower or different i standard of value because the same is 1 t" serve as q basis of taxation, nor shall the price for which property would sell at auction or forced sale be adopted as criterion of value. The 1 oi1cefs shalt value each article or de scription of property by itself. and at such sum or price as they believe the same to he faisly worth in money.
 In assessing any tract or lot of real estate the value of the land exclusive ! be determined. and also the value of all structures and Improvements thereon. ! and the aggregate value of all property. 1 including all structures and improve 1 ments.
 i Section g. At every general election an assessor shall be elected in 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 l tor two years. or until ais successor is i elected and qualified.
 1 Section 10. 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 lthe amount to be fixed by the county 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 | ficial bond to the State. county and each of the several school districts. road I 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 l his part to assess any property at it's l true and full value in money. or to dis charge any duties imposed upon him ; by law, or to 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
 19, 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 to 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 to their de- livery to the aSseSSor:. t,s | "I. .........., assessor Tor
 County, do solemnly swear that all real and personal property assessed by me
 will be appraised at it's true and full value in money; that in no case will I knowingly assess property at anything | less than it's true and full value in | money; that I will not knowingly omit
 to demand of any person. of whom I may be by law required to make such demand. statement of the description | and value of the property which he may be required to list, and that will not | in any way connive at any violation or evasion of the law with respect to the
 listing or valuation of any property of any kind fo: taxation.