Arizona republican., 1912-09-22

the chief officers of the city shall
 send to the head of their respective l division, a careful estimate in writ l 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 l 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.
 Section ,: The commission shall 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 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- sessment is to be raised.
 Section :. The commission must 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 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 | 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- | fled, by the city tax collector as being the assessment roll of said 1 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 for
 the tax collector to proceed and col 1 lect said taxes as provided by or | dinance.
 Section B. The tax levy authorized
 by the commission to meet the muni- l cipal expenses for each fiscal year shall not exceed, except as herein provided, the rate of $1.00 on each
 one hundred dollars of the assessed |
 ty within the city.
 l Section g. All taxes shall be uni
 form upon the same class of property within the corporate limits, and shall ! be levied and collected for public
 purposes only; and all property shall 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 a sol vent debtor
 There shall be exempt from taxa tion all federal, state, county and
 municipal property; property of edu- cational, charitable and religious as | sociations or institutions not used
 or held for profit shall be exempted from taxation.
 Public debts as evidenced by the
 bonds of Arizona, it's counties, muni cipalities or other subdivision, shall also be exempt from taxation; there | shall further be exempt from taxa tion the property of widows and minors, residents of this city, not ex- ceeding the sum of one thousand dol lars, where the total assessment of 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 of the State of Arizona and the charter and ordinances of this city shall be
 subject to taxation to be ascertained
 as provided by ordinance; provided | however, that the commission may re- duce the assessment of improvements
 on real estate below their cash value or exempt the value of all improve ments on real estate.
 Section 10. The commission shall have the power to levy and collect ! taxes in addition to the taxes herein
 authorized to be levied and collected
 sufficient to pay the interest and maintain the sinking fund of the
 bonded indebtedness of the city and to provide for the establishment and
 support of free public libraries and