Arizona sentinel and Yuma weekly examiner., 1914-10-01

session from day to day for ten (1O) days, at least five (5) days published notice thereof being previously given. They shall have full power to hear complaints and to correct, modify, strike out, reduce or to raise any as cessment, provided that notice shall be given the party whose assessment is to be raised.
 Section z. The Council must hnal- 1v adont. not later than the third Mon day in August, an order levy1ng upon the assessed valuation of the prop erty of the city, subject to the proV- sions of this Charter, rate or taAa- tion upon each one hundred (lOo) dollars of valuation sufficient to raise the amounts estimated to be required in the annual budget, less the amounts estimated to be received from nneS' licenses and other sources or revenue They shall then deliver the assess ment roll to the city recorder, who shall compute and carry out the amount of the tax so levied upon eacn parcel of property contained ln salo assessment roll. The corrected list or each tax shall be the assessment roll or said tax for said year, and it shall be certified by the city recorder as Delng the assessment roll of said city, ana thereupon the city recorder shall dellV- er said tax roll so certified to the Council and when the same IS adopted bv the Council, the Mayor shall attacn his warrant thereon, authorizing the city collector to collect the taxes therein. and said warrant shall be the authority for the city collector to pro. ceed and collect said taxes as provided by ordinance The said taxes snail become delinquent on the second Mon day in December thereafter and un- less paid on that date or prior thereto, four (4 per cent. will be added to the amount thereof as penalty, and inter est from the time of delinquency at the rate of ten (10) per cent. per annum until paid.
 Section s. The tax levy authorized by the Council to meet the municipal expenses for each fiscal year shall not exceed, except as herein provided, the rate of $1.00 on each one hundred QO0) dollars of the assessed value ot all real and personal property within the city.
 Section g. All taxes shall be uni form upon the same class of property within the corporate limits, and shall be levied and collected for public pur' poses only; and all property shall be assessed at it's full cash value. The term full cash value" as used herein shall mean the price at which the property would sell if voluntarily offered for sale by the owner thereof upon such terms as like property IS usually sold and not at the price which might be realized if it were sold al forced sale.
 Section 10. There shall be exempt from taXaton all federal, state, coun ty and municipal property; property of educational, charitable, and relig ious associations and institutions not used or held for profit shall be eX empted from taxation.
 Public debts, as evidenced by the bonds of Arizona, it's counties, muni cipalities, or other subdivisions, shal be exempt from taxation. There shal further be exempt from taxation the property of widows, resident of this city, nor exceeding the sum of one thousand Q000) dollars, where the total assessment of said widow doe: not exceed two thousand (2OOO) dollars
 All property in the city not eXemp under the laws of the United States the laws of the State of Arizona, un der the Charter and ordinances of thi! city, shall be subject to taxation, tC be ascertained as provided by ord1 nance not in conflict with law.
 No tax shall be levied except 1T pursuance of this Charter, and every ordinance imposing a tax shall state distinctly the object of the tax, tC which object only it shall be applied
 Section II. The Council shall have the power to levy and collect taXe' in addition to the taxes herein au thorized to be levied and collected sufficient to pay the interest anC maintain the sinking fund of the bond ed indebtedness of the city and tt provide for the establishment and sup port of free public libraries and read ing rooms.
 Section 12. The Council shall ere ate and maintain a permanent re volving fund to be known as thu Cash Basis Fund, for the purpose O putting the payment of the running expenses of the city on a cash basis For this purpose the Council shal provide that from the money collected from the annual tax levy, and from thu money receved from other sources a sum equal to not less than two anC one-half (21a) cents on each one han dred 100 dollars of the assessed value of said property shall be placed in such fund until the accumulated amount of such fund shall be suffi cient to meet all legal demands agains the treasury for the first four (4 months or other necessary period O the succeeding fiscal year.
 The Council shall have power t transfer from the Cash Basis Fund tt any other fund or funds such sum O. sums as may be required for the pur pose of placing such fund or funds, al nearly as possible, on a cash basis. shall be the duty of the Council tt provide that all moneys so transferred from the Cash Basis Fund shall h,