Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-03-10


one requested by the board and was OF
surprising Importance to the state.
The records show that the bill was in
troduced February "a and that it came
from the Judiciary committee.
The measure, except for minor
change, is as follows:
Be 1t Enacted by the Legislature OF
the State of New Mexico
Section /. The state board of equal
ization shall meet on the second Mon
day of Jauary of each year for the
purpose of fixing the assessed valua-
ton upon the following property, and
in the manner hereinafter provided.
Such board shall ascertain the true
value of all property belonging to rail.
read, express, sleeping car, telegraph,
telephone, or other transportation or
transmission companies, used by such
companies in the operation of their
railroad, express, sleeping car, tele-
graph telephone lines or other trans
portation or transmission line, and
shall ascertain the true value of range
cattle, horses, sheep and goats and
other live stock throughout the state.
is hereby given power and authority
to summon and administer oaths to
witnesses and examine persons and
papers in connection with their duties.
Sec. g. When such true values are
! O. lnto !, n n
tie first day of February of each year
! it shall be the duty of said board to
fy a valuation upon all such property
| for the purpose of taxation, OF thirty
three and onethird per centum of the
I true value thereof so ascertained, and
to imme diately certify the same to the
| board of county commissioners of the
! several counties of the state in which
/ said property is situated, and such
! valuation when so fixed and certified
shall be final and binding upon all
| taxing officials throughout the state,
and they shall have no power to alter
or change the same in any particular.
| Sec. 4. The valuation placed upon
railroad property shall be by operative
divisions and the amount per mile so
fixed shall include all property belong
ing to such railroad company and
used in the operation of its railroad,
Sec. 5. The boards of county com
missioners of the several counties
shall meet on the second Monday OF
February of each year and shall pro
ceed in like manner as the state board
of equalization to ascertain the true
value of property of different classes
subject to taxation within their re-
srective counties other than property
mentioned in section one hereof and
shall fix valuation thereon for taxa
tcn purposes of thirty-three and one
third per centum of the true valuation
SO ascertained.
Sec. g. 1t shall be the duty of the
assessor of each county to list all
property for taxation at the valuation
SO fixed by said boards respectively
Provided, that all property the valua-
ton of which shall not have been spe-
cifically fixed by such boards shall be
assessed by the assessor at the same
proportionate and uniform valuation
as fixed by said boards upon other
property.
Sec. 7. The state board of equaliza-
ton and the boards of county commits
sioners of the several counties shall
respectively hold their first meeting
for the purpose of complying with the
provisions of this act, and fixing the
value of property for taxation to be
listed upon the tax rolls for the year
1918, within ten days after the same
goes into effect And it shall be the
duty of the secretary of the state to
Immediately certify copy of this act
to the boards of county commissioners
OF each county in the state.
Sec s. Said state board of equaliza-
ton and said boards of county com
lnissioners shall have the same pow
ers and duties as boards of equaliza-
ton as are now prescribed by law,
except as herein otherwise provided.
Sec. 9. This act is necessary for the