Arizona sentinel and Yuma weekly examiner., 1914-09-24

days, at least i've N0D udyS puplISAOu 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- sessment, provided that notice shall be given the party whose assessment is to be raised.
 Section '. The Council must final lv adopt, not later than the third Mon- day in August, an order levying upon the assessed valuation of the prop erty of the city, subject to the proVl- sions of this Charter, a rate or taxa 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 lnes' licenses and other sources Of 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 each parcel of property contained Ill sald 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 being the assessment roll of said city, and thereupon the city recorder shall dellV- CT said tax roll so certified to the Council and when the same is adopted by the Council, the Mayor shall attach 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 shall 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 $100 on each one hundred Q00) dollars of the assessed value of 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 at 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, mun1- cipalities, or other subdivisions, shall be exempt from taxation. There shall further be exempt from taxation the property of widows, resident of this city, nor exceeding the sum of one thousand (100O) dollars, where the total assessment of said widow does not exceed two thousand (20OO) dollars
 All property in the city not exempt under the laws of the United States, the laws of the State of Arizona, un- der the Charter and ordinances of this city, shall be subject to taxation, to be ascertained as provided by ordi- nance not in conflict with law.
 No tax shall be levied except fin pursuance of this Charter, and every ordinance imposing a tax shall state distinctly the object of the tax, to which object only it shall be applied.
 Section II. The Council shall have the power to levy and collect taxes in addition to the taxes herein au- thorized to be levied and collected, sufficient to pay the interest and maintain the sinking fund of the bond ed indebtedness of the city and to 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 the Cash Basis Fund, for the purpose of putting the payment of the running expenses of the city on a cash basis. For this purpose the Council shall provide that from the money collected from the annual tax levy, and from the money receved from other sources, sum equal to not less than two and one-half (21a) cents on each one hHn- dred Q00) 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 against the treasury for the first four (4) months or other necessary period of tho succeeding fiscal year.
 The Council shall have power to transfer from the Cash Basis Fund to any other fund or funds such sum or sums as may be required for the pur- pose of placing such fund or funds, as nearly as possible, on a cash basis. IL shall be the duty of the Council to nrovide that all moneys so transferred from the Cash Basis Fund shall be returned thereto before the end of the