The Sentinel=record., 1912-06-20


 1 the expenditures of public funds for all purposes and such Information as may be needed or desired in the work i'm l posed upon the commission by this Act,
 such information to be furnished upon l such Forms and upon such blanks as the ] commission may prescribe.
 Q, To make and prosecute such re- search and investigation to the detailed
 properties of corporations. the business,
 income. reasonable expenditures net
 earnings and true values of the fran | chlses of all public service corporations dplng business In this State as will en- able the commission to ascertain a fair
 ana equitable basis of assessing same ana or making and recommending proper | ieSislation to the Legislature from time l tV time, and to direct the local assess | ties.
 [ To require individuals. firms and | corporations to furnish Information con | cernlng their capital funded or other | uchts, current assets and liabilities value l pf property. gross and net earnings. 1 operating and other expenses. taxes and l other charges and such other facts as | may be needful and desirable to en- 1 apie the commission to ascertain the | vaiue and relative burdens of taxation 1 state.
 1 B. 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 dispositions are taken if l ciVl actions pending in the circuit or l thaacefS court in any matter which 1 the commission shall have authority to l investigate and determine
 1 9 To investigate the tax systems of 1 other states and countries and to formu- late and recommend such legislation as 1 may be deemed expedient to prevent evasion of the assessment and tax mws and 10 secure just and equal taxation l throughout the State
 10. To prescribe and prepare all necessary interrogatories and questions 1 to be answered by taxpayers and persons i pf each county. and the forms upon which the lists prescribed by this Act ! are to he made.
 1 II. To consult and confer with the | Governor and Attorney General of the I State upon the subject of taxation ad- i ministration of the laws relating thereto. | and the progress Of the work of the 1 commission, and to furnish said officer, l rom time to time such information anC | assistance as they may desire.
 F. To transmit to the Governor and | 10 each member Of the General Assem- | bly, thirty days before the biennial ses- | sion of the Legislature the report of l the commission covering the subject of assessments and taxation in the state 1 together with such measures as may lie Legislature. Section S2 The Arkansas Tax Com i''s''sltH nHill keep an accurate record of all official proceedings IL shall also keep seal upon which shall be the impressioR The Arkansas Tax Com
 inlsslon mission All processes or certificates issued by the comm ission shall be at- tested by said seal. Copies of the rec ords or the commission certified by the secretary and attested by the seal of the commission shall be received as evidence with the like effect as copies of other public records The secrefar, or the commission shall be the custodian Hl the seal and records. and be au- tnorlzed to affix the seal in all proper the commission sheli have the power to auminlster oaths in all matters con cerning the proceedings of the commis sion or it's official duties
 Section S3. The commission shall nro- Vide uniform method Of Keeping the taX rolls and books relating to taxation
 m m each county of the State They shall formulate and send to the nroner offt
 cer of each county ali necessat,, fo,r,s. ny this Act provided. to be used in the iisIng, assessing. return of nronertxy l cplleetlon of taxes. Said commission or | one Of them shall from time to time as l often may be necessary yfsjt -eacb 1 county In the State for the burmese of | recurring the proper assessment and re-
 e urn o5 property uniform value there or and the use of forms and system of keeping accounts provided by lau or | Dy the commission
 Section Sc. Section Ie of Act 2s7 of | tne 5ASts or 1909, approved May f2 1909 i lows: " "S AoiT Section 12. The Arkansas Tax Com | mission as hereby created shall consti
 suI, .Ieg state board of capitalization and I snail equalize the valuations and as easements of property throurhout the l state. It shall meet at the State canftaI on the tlrst day of September of each | assessments of the real and no,s,,,a5 rlsg :, property of the State The commits
 slon- as a State board of equaiizafion | may m lts discretion, sit at any other | laee m the State it may deem advisable. TOT the purpose of making investiga- uoits or granting hearings relating to tne work Of eaualizing the property of | the State. The session of the com r,fssio,, | as q State board of equalization shan 1 continue from the first day of Septem | Der to the fifteenth day of October each
 year AS State board of equalization | the Arkansas Tax Communication shalt
 have the following powers and shall be l governed by the following rules. 1 o. IL 1o near appeals from individuals
 l,rns 1 and corporations from the orders ana ludgments of the several county | boards Of supervisors Of assessments and to grant such relief as may be | deemed just and proper
 !, They shall add to the aggregate l valuation of the real property of every i county which they find to be valued | below ifs true. full and proportionafe Saiue in money such per cent as will - Af.sa 'i'c same 70 LIS true, Full and pro- l pornonate value in money
 s They shall deduct from tho as ETe&ate valuation of the real pronert,, uf every county which they find to be
 Nalued above its true. full and propor. uohaLe value in money such per cen. as "it reduce the same to it's true. full ana piopoFtionate value in money 4. IF they find that the valuation Of the real property of any town or dis ulct ln any county or of the real prop 1 efR or any county not in towns. should
 ne raised or reduced without raising or
 reducing the other real property in such
 county or without raising or reducing
 lt ih tie same ratio, they may add to
 or take From the valuation of any one
 or more ot such towns, or districts nr
 or me property not in towns. such Der gent as they believe will raise or reduce
 ile same to it's true. fun and propor
 tighate value ln money.
 D They sball add to the aggregate
 valuation Of any class of personal prop
 ettN in any county district or town
 Whleh they believe to be valued below
 us true, full and proportionate value
 m money such per cent as win raise tho
 value thereof 'N''''s
 They shall take from the aegre-
 gate valuation of any class of personai property in any county district or
 town which they find. to be valued
 above the true. full and proport{onata
 yalhe thereof. such per cent as will re
 duec the same to its true full and nro
 portionate value.
 Shouid the commission find it nee lll syf =