Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-01-30

terest therein. or income therefrofn
e. mother father. husband wife
brother sister, tho widow 81 the SON
husband Of the daughter. or q Iineal
descendant during the life Or for n
term OF years, and remainder 10 shc
collateral heir at the descendant OF
the stranger w blood. or Ia body
polite or c"rporpte. 90 their decrease
or on the expiration OF such term, the
snid life estate or estates for term
Of years shall be- subject 10 the tax
prescribed in Section OF this act.
and the property pa passing shall 90
appraised Immediately after the death
gt what was the fair market value
thereof 1t the time 81 the death of
tho deccdont in tho manner hcrelnaf-
ter provided and after dcducting
thcrcfrom the value of said life estate.
oY term 81 years. the tax prescribed
bN this act ON the remainder shall be-
immcdiat",t due ana payable 90 tho
treasurer ~ the proper county, and
together with the interest thereon
shall be- and remain lien ON said
property until the same is paid pro.
,lded that the person or persons. on
body polite az corporate. bcncncially
Interested ln th" property CharErahlr
with said tax elect not 10 pay the same
until thcy have come into the actual
possession ur enjoyment of such prom
city. then in that ease such person or
persons. or body polite or corporate,
shnli give q nond 90 the state of Ncw
Mexico. IN penalty three times the
amount of tho tax arising upon such
4. a To-. Il
uict Judge may approve. conditioned
Tor the payment OF said tax and Inter.
est thereon nt such time or period as
they or their Representatives may
com. into the actual possession 90 en-
Ioymcut 90 said property. which bond
shall hc 6lcd u the office of the
county clerk of the proper county.
PROVIDED further. that sucn person
shall make tul verified return 81 s,Ud
property 10 said district Judge. and
file the same I'm his office within one
wear from the death 81 th" doc"d"ni.
and Within that periud enter into such
such securities aud renew th" some
each nvc years.
Soc Q. An taxes imposed hy this
act. uulcss otherwise herein pr"Nid
shall b, due AMI payable at the denth
ot IN drccdcut. and interest az ~"
rate ut siN per cent pet annum shall
b.. charged aud collected thereon toi
such time 49, said taxes are not paih
Provided that it uid tax rs paid
within ,iN months from M" arCru.
ing thereof interest shall not We
charged nr collected thereon. but a
discount oi five per cent shall b' OIL
low "a and d,duDt"d from said tax,
ana iu all eases where TIA" executors
administrators CT trustees Do not rJ'
such ilN Wuhlu ono N,nt from go"
death ~ tho 'trod"nt they shall ~"
require tu give a bond 100 th' iutu
und tu th, effect prescribed 10 80
iiun % col lhi. ACT. tor the payment Of
said HN. together win interest.
sp. Any administrator. exc. ar
tor ur uWst,,. having tn ,hurg" 90
trust uu, ngacio- or property f"t di"'
tribuuuu. subject to the said tax, SHAH
D,durt tu" tJN th'rofrum. cor % the
Legacy ur property hc not money N,
shall colloc, the taN thereon upon tro
appra,s cd value thereof from tho
iosat,c OF the person entitled Ia such
property. amt Nc shall not deliver ~
legacy nr prnprrl, subject tu toN 10
amy person uniil h" shall have collect
rd thc tuN thereon, ana 80 whenever ANY
such legacy shan D." charged upon ur
payable out of real estate. the 'Nc'u-
tor. administrator oT trustee before
paying th, same shah deduct said t1N
,s h,rotrom and pay the same 60
the rountl treasurer for the use -
IA, state. aud tho same shall remain
"a charge on such real estate until
Paid. and the payment thereof shaN
10. enforced bN the executor, admin
ietrutor OF trustee iu the same man
ucr that tho said payment OF ~ d
Ispu,ies.. might be- enforced. o. hov
over. such legacy b. given iu moneJ
tu any person for . limited period,
hr shaiI retain the tax upon the whole
amount hut ii BE- he not in money hn
shalt make application go the court
ha, ug Jurisdiction Of his accounts. 20
make au opportionmeut if the ease
requires 10. or col the sgm To- be- pail
iu his hands hv said legatccs. and
Tor such order relative thereto as ia"
ease may require
soc p. An executors. udmiuistr1'
tors and trustees shall nave fun pow
ri to sell 80 much 81 the property
Of the dcyedcut us v;il enable them
to pay said tax. u the same manner
a- theN may be- enabled tn 10 hy law
tor the payment of dents eft their tcs-
tatnrs aud intcstatoH. ana the amount
ol said tax shalt bc paid nv herein
after directed
soc g Every sum of money re-
tanned hy an executor adminislra-
tor nr trustee or paid into his hands
tor any tax on any property shull
be- paid hy him Within thirty days
thereafter GO ,he treasurer of the
proper county aud the said u usur'
,r or trcusurCrS shan give, duplicate,
receipts from him Of said payments,
one at which receipts he shall immc-
diately send to the state treasurer
whose duty II shall he 10 charge the
treasurer 50 receiving the tax with
the amount thereof. and shall seal
said receipt with the seal of his Of
f,cc ana countersisn the same and
return Il ~ the executor. admiuistra'
tor or trustees, whereupOn II shall he
70 proper voucher w tho settlement
~ his accounts. hui the executor. od-
miuistrator or trustee shall not he
entitled To- credit p his accounts or
be disehuruod from uubilltV for such