Pocahontas star herald., 1912-06-21

of, and the use of forms ana sysSShi VI
keeping accounts provided by law or
| by the commission.
! Section S. Section 70 Of Act 257 or
the Acts of 1909, approved May H. I9OS'
shall be amended so as to read as Iol-
| lows:
! Section 70. The Arkansas Tax Com
mission as hereby created shall conSu-
tute State board of equalization ana
shall equalize the valuations ana as
! sessments Of property throughout the
! State, 1t shall meet at the State capital
| on the first day of September of each
year for the purpose Of equallzlng the
assessments of the real and personal
property of the state Ihe conlInils-
| sion, as a State board of EQUALIZATION
may, in its discretion, sit at any other
| place i'm the State ii may deem advisable
| for the purpose of making lnVeStlga-
| tions or granting hearings relating 10
the work of equalizing the property OF
the State The session of the commission
as a State board of equalization snail
| continue from the first day of Septem-
| ber to the fifteenth day of October each
year. AS a State board Of equalization
the Arkansas Tax Commission shall
| have the following powers and snail De
| governed by the following rules:
1. 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 be
| deemed just and proper.
2. They shall add to the aggregate
| valuation of the real property of every
county which they find to be valued
| below its true, full and proportionate
| value in money such per cent as Will
| bring the same to its true, full and pro-
portionate value in money
g. They shall deduct from the ag-
| gregate valuation of the real property
| e ,1yhf he, nd 20 he
/ valued above it's true, full and proper
| tionate value in money such per cent
as will reduce the same to its true, full
and proportionate value in money.
| 4. If they find that the valuation of
! the real property of any town or dis
| trict in any county or of the real prop
| erty Of any county not in towns, should
| be raised or reduced without raising or
+ reducing the other real property in such
| county or without raising or reducing
| it in the same ratio, they may add to
| or take from the valuation of any one
| or more of such towns, or districts or
| of the property not in towns such per
| cent as they believe will raise or reduce
| the same to it's true, full and proper
| tionate value in money.
g. They shall add TO the aggregate
| valuation of any class of personal prop
| erty 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 proportionate
| value thereof.
G. They shall take from the aggre-
! gate valuation of any class of personal
property in any county, district or
town which they find to be valued
! above the true full and proportionate
! value thereof such per cent as will re-
duce the same to its true, full and pro-
portionate value.
T. Should the commission find IL nee
essary, in equalizing the assessment of
/ the State. to raise in the aggregate
! the valuation of the real estate, or of any
personal property in any town. district
| or county as provided In paragraphs 2.
3. 4, 5, and 6 of this section, and
should il also find that the individual
! assessments of such town. district or
county are not equalzed and that bv
such raise in the aggregate of valua-
| tions such given per cent the assess
ment of any individual taxpayer in the
| town. district, or county, as the case
may be, is increased to a point where
| the same is above the true. full and
| proportionate value in money of the
property of such taxpayer the commits
| sion shall have the power and IL il
/ hereby made its duty, after it has
made such raise in valuation in the ag-
| gregate TO reduce the assessment OF
| each such individual taxpayer to a point
| where 1t will not be above true fun
and proportionate value in money
| thereof.
Section Sc. Before taking any action
with respect to the property of any
county, district or town, as provided by
| paragraphs 2, 3, 4. s, and Z, section
| IS hereof. the commission shall cause
| written or printed notice to be served
| upon the county judge of the county
wherein is located the property affect
| ed. Said notice shall be published in
/ in said if
| is published in the county; If not then
| in newspaper having a circulation in
said county, IN at least two weekly
issues 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
| at said time and place and show cause.
| If any they can why such change shall
| not be made or such assessment in
| creased or reduced and the result OF
| said hearing, If any increase or de-
| crease should be made. shall be certih-
| ed to the county clerk of the county
affected on or before the fifteenth day
| of October.
Section 81. If, while sitting as
| State board of equalization between
| September 1st and October 18th the
| Arkansas Tax Commission shall find in
| equalities or a want Of uniformity be-
| tween the assessments I'm any county,
| the commission may in its discretion,
| either equaliZe said assessments ITSELF
| as provided in section So of this Act
| or 1t may call a special session OF the
| board of supervisors of assessments Of
| the county TO sit both as a board o6
| equalization and a board OF revision and
| appeals. AT such special session the
| board of supervisors of assessments
| may revise and review the assessments
| or the county and may raise and re-
| duce the assessments of individuals and
| corporations to the same extent and in
| the same manner as il is by this Act
\ authorized to do at the regular session.
| At said special session the board
| shall have as full power to act with re-
| spect to the assessments of the county
| as it had at the regular session AZ
| such special session, before the assess
| ment of any taxpayer shall be in
| 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
! ting as board of revision and appeals
and contest the proposed increase in his
| assessment IN the same manner as he
| could at the regular session Appeai
may be taken from the decisions of tbe
| Doard OF supervisors Of assessments
made at special sessions I'm the same
| manner and by the same parties as this
| Act provides for appeal 10 be taken
| from the decisions of the board made
at its regular session,
| section SS. A record Of the proceed-
| lngs OF the Arkansas Tax Commission
| erecting any changes in the assessed
| valuation OF any property as revised bY
| the commission sitting as a board OF
equallzation shall be kept by the secre-