The Prescott daily news., 1912-05-31
may be by law required to make such

evasion of the law with respect to the
 listing or valuation of any property Of
 any kini for taxation"
 Any assessor who fails to take the
 oath herein prescribed within the time
 prescribed shall be deemed to have va
 cated the office of assessor and the clerk
 of the county court shall at once notl1y
 the Governor of such vacancy.
 Section 12. The assessor shall ap- praise and assess the real and personal | property of his county m such manner
 and at such time this Act shall pre- | scribe. He shall appraise and assess
 all property subject to taxation in his | county except such property as the law l may make it the duty of the Arkansas
 Tax Commission to appraise and as | seSS.
 Section 13 Each assessor shall as
 sess the property of his county between | the first day of February and the first | day of July each year. For the pur- | pose of making said assessment he shall | visit each township in the county and
 shall devote at least three days to the
 work of assessing the property of each
 township He shall fix one or more l public places in each township most
 convenient to the taxpayers of the town | ship at which he shall attend for the
 purpose of taking the lists of the tax payers and assessing the property. He shall give ten days notice of the time and place at which he shall attend by post l ing at least six printed or written no- | tices in as many public places in each | township. He shall provide himself | with blanks as hereinafter prescribed
 for taking the list of the taxpayers. Section IA. Every person who owns 1 or controls property or any kind oG who is by this Act required to assess
 property. shall attend at the time anu | place provided by section I3 hereof, and
 make and file with tine assessor complete | list or lists of property he is required | to list.
 Section IS. For the years 1911, 1912. and 1913. and thereafter each odd num- Dered year, real estate shall be assessed; | sessed at its true and full value in | money Each person required, under section IA of this Act, to list property shall attend at one of the places in the
 township in which the real estate to be assessed is located. fixed by the as sessor and shall. under oath administer | ed by the assessor or his deputy. fix the value of each parcel of land owned
 by him or which it is his duty to list 1 He shall also. if the assessor demand | It. fix the value of the timber on any
 tract of land, also the value of any mines, minerals, fossils. quarries | springs. or anything else on the land that gives a special value
 If the surface of the land is held by | one person, and the coal, iron or any other minerals, mineral water. gas or oil under the surface by another person, or IT the timber located on the land is
 
 m of each. and the relative value of their respective interests, shall be ascer- tained by the assessor and each interest shall be assessed separately
 Section 16 Every merchant shall
 make and file with the assessor a list Tn which he shall set forth distinctly: l. The average value of merchandise carried in stock during the year i'm
 mediately preceding the first day of February of the year in which the as ! hn ha haan business for q year then he shall take the average value during such time he has been so engaged if he be commence ing business then he shall take the value of the merchandise in stock at the time or the assessment. No deduction shall
 be allowed because any part of the goods carried have not been paid for. All goods carried on consignment shall be included.
 ?. The value of credits as defined in paragraph IS. section D. hereof belong ing to him and pertaining to said busi- ness on the first day of February of the
 year for which the assessment was made.
 3. The value of the furniture and fixtures used in said business.
 4; The value of money, including bank deposits or deposits with other merchants in or out Of the State on February first
 5. The value of all horses. mules and other live stock used in said mer- cantile business.
 6. The value of a1i wagons. carts or other vehicles employed in said busi- ness.
 '. The value of all other personal property, not falling within the class of one of the above items, employed in said mercantile business
 Section F. Every person or com pany engaged in the business of receiv- ing property in pledge or as security Tor money or other thing advanced to | aH hnD AL.
 time by this Act prescribed for the as sessment of personal property return. under oath. all property pledged to and held by him as pawnbroker, to the as- sessor or the proper county. who shall list and assess the same to such pawn broker at its true and full value Pawn brokers shall make return on the lists prescribed by law for merchants Section IS. Every person engaged in
 the manufacturing business shall make and nled with the assessor a list in
 which he shall distinctly set forth: l. The average value of all materials 1 for the purpose of being used in whole | or in part in any process of manu-
 lecture Said average value shall be for the year immediately preceding the | first day of February of the year for which the assessment is made. z. The average value of all finished
 products carried the year immediately | preceding the first day of February of | the year the assessment is made 3. The value of all engines. boilers
 and other machinery implements or | tools used in such manufacturing busi- | ness on hand the first day of February 4. The value of credits. as defined bv | paragraph l3 section .. hereof, carried
 on the books of said manufacturinr | business the first dsy of February the | year the assessment Is made D. The value of money on hand or deposited in banks or with other persons
 in or out of the State the first day | of February.
 6. The value of office furniture and | fixtures and such other furniture and l fixtures as may belong to the business '. The value of the live stock be-