Arizona republican., 1912-10-03

send to the head of their respective 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- tall 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.
 Section ,: The commission shall meet annually prior to fixing the tax levy and make a budget of the es- tlmated amounts required to pav the expenses of conducting the business of the city government for the en- l suing fiscal year The budget shall be prepared in such detail as to the aggregate sum and the items thereof a fn 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 | forenoon of said day, and sit as a | board of equalization and shall con- 1 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
 sessment is to be raised.
 1 Section '. The commission must i finally adopt, not later than the first Tuesday in July an ordinance levy
 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 l 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 | the assessment roll to the city tax
 collector who shall compute and car ry out the amount of the tax so lev fed 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- 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-
 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 foI
 the tax collector to proceed and col
 
 dinance.
 Section 8. The tax levy authorized
 by the commission to meet the muni- l, cipal expenses for each fiscal veal
 shall not exceed, except as hereir provided, the rate of $1.0O on eacf one hundred dollars of the assessed r value of all real and personal proper ty within the city
 |
 Section 9. 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 leash value" as used here
 in shall mean the amount at whicl 7 the property would be taken in pay ment of a just debt due from sol 2 vent debtor
 9 There shall be exempt from taxa tion all federal, state, county anC municipal property; property of edu 3 cational, charitable and religious as sociations or institutions not useC \ or held for profit shall be exempted
 from taxation.
 Public debts as evidenced by tn, bonds of Arizona, it's counties, muni l cipalities or other subdivision, shal also be exempt from taxation; ther. ? shall further be exempt from taxa 2 tion the property of widows ant t minors. residents of this city, not ex ceeding the sum of one thousand dol lars, where the total assessment o 2 such widow or minor does not ex ceed two thousand dollars; all prop 9 erty in the city not exempt under tn, laws of the United States, the laws O the State of Arizona and the charte 9 and ordinances of this city shall b.
 subject to taxation to be ascertaineC
 as provided by ordinance; provided
 however, that the commission may re duce the assessment of improvement t on real estate below their cash valu
 or exempt the value of all improve l ments on real estate.
 P Section 10. The commission shal have the power to levy and collec 1 taxes in addition to the taxes hereil
 authorized to be levied and collected
 sufficient to pay the interest an'
 maintain the sinking fund of tn
 bonded indebtedness of the city an, e to provide for the establishment an