The Nevada County picayune., 1912-07-05

requiring the proper assessment and re- turn of property, a uniform value there of and the use of forms and system or keeping accounts provided by law or by the commission.
 Section S5. Section 12 of Act 257 of the Acts of 1905, approved May I2. 1908 shall be amended so as to read as fol- lows:
 Section 12. The Arkansas Tax Com- mission as hereby created shall consti ute q State board of equalization ana 1 shall equalize the valuations and as- ! easements of property throughout in. State. It shall meet at the State capital on the first day of September of each l year for the purpose of equalizing tn. | assessments of the real and personal property of the State. The commis- sion. as State board of equalization 1 may. in it's discretion, sit at any other place in the State it may deem advisable for the purpose of making nvestiga- tions or granting hearings relating to the work of equalizing the property of the State The session of the commission as a State board of equa lizatfon shall continue from the first day of septem- Der to the fifteenth day of October each year As a State board of equalization l the Arkansas Tax Commission shall have the following powers and shall be governed by the following rules:
 l. To hear. appeals from individuals, firms and corporations from the orders and Judgments of the several county boards of supervisors of assessments and to grant such relief as may bs l ueenleu Just ana proper
 9. They shall add to the aggregate valuation of the real property of every 1 county which they find to be valued below its true. full and proportionate value in money such per cent as will 1 bring the same to it's true, full and pro- portionate value in money.
 2. They shall deduct from the ag- gregate valuation of the real property of every county which they find to be valued above it's true, full and propor- tl0natp i as will reduce the same to its true full and proportionate value in money
 1. If they find that the valuation of the real property of any town or dis trict in any county of the real prom ertv of any county not in towns should be raised reduced without raising or reducing the other real property in such i county or without raising or reducing it in the same ratio, they may add to or take from the valuation of any ons or more of such towns. districts or i of the property not in towns such per cent as they believe will raise or reduce the same to it's true. full and propor- donate value in money.
 5. They shall add to the aggregate valuation of any class of personal prop- ertv in any county. district or town which they believe to be valued below it's true, full and proportionate value in money such per cent as will raise the same to it's true. full and proportonats value thereof
 6 They shall take from the aggre- gate valuation of any class Of personal property In any county, district town which they find to be valued above the true full and proportfonate value thereof such per cent as will re-
 luce the same to it's true. full and pro- 1 porttonate value.
 ' Should the commission find 1t nee assary, in equalizing the assessment of the State. 10 raise in the aggregate the valuation of the real estate. or of any l BeTSonal property in any town. district =4r pI in Vt9 sler-f, ,rbs 2. 1. [, and of this section. and should it also find that the individual assessments of such town. district. or i county are not capitalized and that by i such ra SC in the aggregate of valua- tons such given per cent the assess ment of any individual taxpayar in ths town. district. or county. as the case may be. is increased to point where tho same is above the true full and uroportionate value in money of the i uropeEtY of such taxpayer the commits sion shall have the power and 1t is hereby made it's duty. after 1t has i made such raise in valuation in the az gregate to reduce the assessment of zach such individual taxpayer to point where it will not be above true. full and proportionate value In money i thereof.
 Section S6. Before taking any action with respect to the property of any county. district or town, as provided by 1 naragraphs ?, ?, 1. ., and :, section S hereof the comm ssion shall cause a written or printed notice to he served l apon the county judge of the county 1 wherein is located the property affect cd Said notice shall be published in some newspaper in said county if one is published Tn the county; if not then in newsnaper having circulation in i said county in at least two weekly issupS before the date of said proposed change. The notice shall give the date and place at which the commission will sit and shall warn said county judge and all citizens of said county to appear I#F md m Gh | f any they can. why such change shall not be made or such assessment in- creased or reduced. and the result of i said hearing, if any increase or de- crease should be made. shall be certh- cd to the county clerk of the county affected on or before the fifteenth day af October
 Section S7 If. while sitting as A i State board Of equalization between Seutember list and october 18th, tho | Arkansas Tax Commission shall find in- l eaualltieS or a want of uniformity be- | tween the assessments in any county. the commission may, in it's discretion, either edualiZe said assessments itself, as provided in section S5 of this Act. i or it may call special session of the i hoard of supervisors of assessments or the county to sit both as a board of equalization and a board of revision and | appeals. At such special session the i board of supervisors of assessments may revise and review the assessments | of the county and may raise and re- | lutf il' hNSeSSIltitS or lnulNluudlS anu corporations to the same extent and in | the same manner as it is by this Act authorized to do at the regular session.
 At said special session the board i shall have as full power to act with re- | spect to the assessments of the county as it had at the regular session. Al | such special session, before the assess mcnt of any taxpayer shall be tn- l creased, such taxpayer or his agent shall be given at least two days notice of such proposed increase. The tax | payer may appear before the board sit l ting as a board of revision and appeals and contest the proposed increase in his l assessment in the same manner ss he | could at the regular session, Appeal may be taken from the decisions of the i board of supervisors of assessments made at special sessions in the same manner and by the same parties as this | Act provides for appeal to be taken from the decisions of the board made at it's regular session.
 Section SS A record of the proceed in@s of the Arkansas Tax Commission effectiug any changes in the assessed valuation of any property as revised by the commission sitting as board or