Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-07-22

which Gov. Goodrich held stock.
The committee also struck out the
clause which provided for the exemption
from taxation of all bonds, notes or
mortgages heretofore or hereafter ne
gotiated by the Indiana state board of
agriculture.
The county auditor, on the return OF
final yearly assessments, shall apportion
and certify as apportioned the amount
that goes to each taxing unit in the
county, under the seal of tho board of
county commissioners to the clerk, such
certificate to show the total valuation
OF all property.
The board OF review shall then make
the tax levies within five days and re-
port to the county auditor.
METHOD FOR
TIMING VALUATION.
Amendments to section 200 provides
for the county board of reviews method
of fixing the valuation, hearings, no
tees to be published in newspapers, and
the right of appeal by the taxpayers
to the state board of tax commissioners.
The number Of taxpayers of munich
pa corporation who are affected by
levies Of the county board. and who
may be of the opinion that the totm
tax levy or any Item of It 9 established
eud certified by the county board IS
Insufficient to yield the revenue neces-
sary to meet the requirements Of such
municipality and who may therefore ap-
peal to the state board OF tax commits.
s'oners. has been reduced from twenty
five to ffteen.
The fifteen taxpayers also may appeal
to the state board II they are of the
opinion that more revenue will be raised
by the tax levy as established than the
requirements Of the government econom-
ically administered
The state board Of tax commissioners
then has the power to order an Increase
or decrease IN the levy.
BOND ISSUE
EXCEPTION MADE.
Section provides for the amendment
Of section POI cf the present law as
follows:
After Jan. n. 1921, any municipal cor
poration, through It's proper legal Of
fcers may Issue such bonds or other evil
dence II Indebtedness as IL may deem
necessary without the approval Of the
state board OF tax commissioners, except
as hereinafter provided.
I'm the event that the proper legal Of
ficers Of sny municipal corporation shall
determine 10 issue any bonds or other
evidences OF indebtedness exceeding Sl0.-
600; notice Of such determination shall
be given by publication for two weeks
in two leading newspa pers Of opposite
political parties published in such dis
trict, or in one such newspaper II only
one be there published, or in case no
newspaper is there published, then by
publishing such notice ia three public
places in such taxing district
ANY number Of taxpayers. not less
than fifteen OF such municipal corpora
tion and who VIII be affected by the is
suance OK such bonds Or other evidences
Of indebtedness, and who may be Of the
opinion that such bonds or other evil
deuces II Indebtedness should not be is
sued. or that the proposed issue Is ex-
cessiye and Will produce a greater amount
Of revenue than the requirements OF the
government, economically administered,
warrant or that the proposed issue Is
insufficient 10 meet the requirements Of
such municipality. may file n petition in
the Office Of the state board OF tax com
missioners, within fifteen I4) days after
the Issuance OF such bonds OF other evil
dencea Of Indebtedness shall have been
determined upon by such municipal cor
poration, seetlng forth the facts showing
why such bonds or other evidences Of tn
debtedness should not be issued, or that
the proposed issue is excessive or Insult
hcient aa the case may be. Notice Of
fling II such petition and Of the time
and place Of hearing thereon shall be
given by the proper legal officers Of such
municipal corporation after the time and
place have been fixed by the state board
of tax commissioners 20 the taxpayers Of
the taxing district 10 be affected by such
Issue, by publication for two (2) weeks
prior 10 such hearing in two (2) leading
newspapers Of opposite political parties,
published in such district. or In one such
paper II only one be there published, or
in case no newspaper Is there published.
then by posting such notice In three 49,
public places In such taxing district.
Public hearing shall be held by n
member Of said board or its official rep
resentadye within the jurisdiction af-
fected.