The Sentinel=record., 1912-06-27

which any person residing in thfs Sfata SMnips the same or holding in trust or ,,as ,s liik the beneficial interest therein nana VIZ. so Wlthdraw in money on de. '''11u Mathln this State or elsewhere
 II; The term "investrnent in hnndss hsla-i bnna. Hielude all money invested in
 S oi whatever Kind or certificate 1 o',, l.isuepteaness 1.s.' commonly called scrip enr,,ei.s rnes issued by incorporated or unin. eoipolated companies. towns. cities counties or states held Dv persons ra, sung m this State, either bv them serves or by others for them in ar out s 'nss State whether for themselves or ~s s"siulans, trustees or agents.
 l5; The term investments in stocks,, slail De held to include all moneys invested in public stocks of any assacta' s ? @ .ion corporation or joint stock com Pany whose stock or capital Is divided iit1 shares, which are transferable bv etp e.Sn owner without the consent of the 9ete. 3 owners or stockholders and for the taxation or which no special nrovision s S baue by this .~et, held bv persons leSiuihB Tn this State. either for them seiVes or as guardians, trustees. or Sts,n S's or Dy others in or out of this
 ls. The term credits shall be hold so 70 mean the excess of the sum of all iesal claims or demands for money or ef otnef valuable things, or for labor or serFice que or to become due, to the per .f.. stNtDAS " pay the taxes thereon in- cluding annuities. or sums of rona,, ,a ,,, oeaNeo at stated periods due or to he- coIne que, all claims and demands se- aureu by deed of trust of mortgages. sre,, aev VT to become due. when added to- setnef tsnch claims or demands to he estimated at their full value in money1 over and above the sum of the legal ana bona tide debts owing by such ner- M Mon. mere shall not be taken into ae- ornt s,..i.. any obligation to any mutual in- fl44|f sVIlptlon to the capital stocls of anu 3vint stock company; nor any subscrip- .ioh ID any religious. scientific literar rv ol charitable purpose;f nor any acknoVl- reusheht or any indebtedness unless rounded on some consideration actlla1lN, received, and believed. at the time of making such acknowledgment. to be n iul consideration therefor nor any ac- hlio"leusment of debt made for the pur- fosS oi diminishing the amount of oieults to be listed for taxation; nor any greater amount or portion nf any laplilty as surety than the person re- qulred to make the statement of si,,,i credits believes that such surety is in pay or contribute.
 Section 6 No assessment of nronert V TOT purposes Of taxation and no tax authorized by law, levied upon any property by any officer or board au .noftAeu 10 make and levy the same
 
 matter or form in any proceeding which uoes not affect the merits of the case ana which does not prejudice the riphts " the party whose property is assessed Vr asalnst whose property a tax is | levied. All such assessments and Ia,iaa shall be presumed to be legal until the | contrary is afiirmatiyely shown: and | no sale Of real estate for the non-pav- | ineht or taxes thereon shall be rendered my littaiia py showing that any certificate. | return affdaNit or other paper reouired l 70 De made and filed in any office is not m such office. but until the contrary is l shown the presumption shall be in all cases that such paper was properis ! made and filed
 Section All property subject to 1 taNatlon shall be listed and assessed | every year with reference to it's vaiue ment
 Section 8. All property shall be as sessed at its true and full value in | money in determining it's valua inc l assessing and equalizing officer or officers | shall not adopt a lower or different | standard of value because the same is l to serve as a basis of taxation, nor | shall the price for which pronarfv | would sell at auction or forced sale be | adopted as d criterion of valne The | officers shall value each article or de- scripton of property by Itself, and at l such sum or price as they believe the same to be fairly worth In money. In assessing any tract or lot of real estate the value of the land exclusive of structures and improvements shall | be determined. and also the value of all structures and improvements thereon. and the aggregate value of all property, including all structures and improve | ments.
 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 | for two years, or until his successor is elected and qualified.
 Section 10. Every person elected or appointed ;e the office Of assessor, shaii, | within thirty days after the receipt of his commission, and before he qualihes 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 | (the 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 fciai bond to the State, county and | each of the several school districts road 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 his part to assess any property at it's true and full value in money, or to dis l 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 l19. 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 l I. Every assessor each year before he enters upon the discharge of his duties. shall, in addition to the oath | nreserihed in section 10 hereof, take the following oath or affirmation, which 1 oath shall be endorsed on each Of the assessment books prior to their de- livery to the assessori
 s1 assessor for ........ | Comfy. do solemnly swear that all real and personal property assessed by me | ulil he appraised at it's true and full
 ,alue in money; that in no case will l knowingly assess property at anything less than it's true and full value ln
 money: that l will not knowingly oI'is ' | to demand of any person, or whom l | ma, he by law required Co make such
 demand. n statement of the description land value of the property Whlch ne may 1 he reouired to list and that VIII not in any way connive at any violation or l n,,asion of the law with respect to the listing or valuation or any property or
 any kind for taxation. - A.
 nv a assessor who fails to take the
 aath herein prescribed within the time nrescribed shall be deemed to have va . 1 cated the office or assessor, anu the ctgs sii of the county court shaah tacaney ne Vi'0' "0'-'
 Nic cestto, r2 The assessor shall ap-