Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-07-21


to be heard thereon.
Ten days notice by publication of
such budget and of such public hearing
in two (2) newspapers Of opposite pO-
or in one such paper If only one be
there published, or in case no newspaper
is there published, then by posting such
notice in three 80 public places in such
taxing district. shall be required.
Subject to the right of appeal there
from to the state board of tax commits
sioners, the several tax levies as estab-
lished by the proper legal officers OF
any municipal corporation and as re-
ported by the county auditor to the
state board of tax commissioners, as pro-
Yided for in sections 1877 and 100 Of this
act, shall stand as the tax levies OF such
municipal corporation 70 rthe year next
succeeding for the purposes set out In
the report o fthe county auditor as GER
titled to the state board Of tax commits
sioners"
TWENTY-FIVE
MAY PETITION.
Any number of taxpayers, not less
tnau twenty-five, who are residents or
any municipal corporation, and who are
affected by such levies, and who may
be of the opinion that the total tax
levy or any item thereof as established
by the proper legee officers OF sucn
the state board Of tax commissioners
is insufficient t. yield the revenue neces-
sarv TO meet the requirements of such
municipality. or that more revenue VIII
be raised by the tax levy as established
than the requirements or government,
economically administered, warrant. may
file q petition with the state board or
tax commissioners, not later than the
drst day of October, setting forth.
showing. in such form and detail as
the state board Of tax commissioners
may prescribe and require, that ne
ceSsity exists for an increase or decrease
In the total tax levy or any Item there-
Of as the case may be.
Upon the flIng of any such petition,
he state board Of tax commissioners
shall have power to order an Increase
OF a decrease IN the total tax levy or
fny item thereof of any municipal cor
pOration upon bearing, showing that
such increase OF reduction os warranted,
and such hearing shall be held by the
state board of tax commissioners or BY
lis official representatives in the county
where the complaint arose.
In case any such reduction is made
by the state board Of tax commissioners,
after hearing Of petition therefor, such
board shall certify its action in that re-
spect TO the auditor Of the county affected
thereby. who shall certify such action TO
the taxing unit or units interested there
in: Provided That the action of the
state board Of tax commissioners In or
dering or denying an increase or reduc-
ton Of any tax levy shall be final and
conclusive, ana PROVISIONS OF the next
section concerning an election shall not
apply to petitions for increase or de-
crease Of tax levies-
Section Of the johnson bill provides:
Whereafter any municipal corporation,
through its proper legal officers, may
issue such bonds or other evidence OF
Indebtedness as it may deem necessary
without the approval of the state board
Of tax commissioners, except as herein
provided"
In the event that the proper legal
officers of any municipal corporation
SHAH issue any bonds or other evidences
or indebtedness, any number OF taXpay-
ers, not less than twenty five. who are
residents Of such municipal corporations
and who VIII be affected by the issues
Of such bonds or other evidences Of
Indebtedness. any who may be Of the
opinion that such bonds or other evil
dences Of Indebtedness should not be Is
sed.u or that the proposed issue is eK-
cessive and viii produce a greater amount
Of revenue than the requirements OF the
government, economically administered,
warrant or that the proposed issue is
insufficient TO meet the requirements OF
such municipality. may file petition in
the Office Of the state board OF tax com
missioners, within fifteen days after the
issue Of such bonds or other evidences OF
indebtedness shall have been determined
upon by such municipal corporation, set
ting forth the facts showing why such
(
should not be issued, or that the pro-
posed issue is excessive or insufficient
as the case may be.
Notice OF fling of such petition and OF
the time and place Of hearing thereon
shall be given petitioner after the time
and plac ehaye been fixed by the state
board Of tax commissioners TO the tax
payers of the taxing district to be af-
fected by such issue, by publication for
two ~ weeks prior to sucn hearing In
two ~ leading newspapers OF opposite
political parties, published in such dis
trict, or in one such paper II only one
paper is there published, then by posting
such notice in three (3) public places
I'm such taxing district.
HEARINGS HELD BY
BOARD MEMBER.
The hearing shall be held by a mem
Der of said board or its Official repre-
sentative within the jurisdiction affected.
On the hearing Of such petition, II II
appears that a necessity exists for the
/ issuance Of such bonds or other evil
dences OF Indebtedness, the state board
Of tax commissioners shall approve TIE
issuance thereof, either as determined
upon by the proper legal officers OF such
municipal corporation or with such mod
itications or upon such conditions as may
be deemed just and proper.
II, on such hearing. II shall appear that
such bonds or other evidences or indebt-
edness ought not TO be ISSUED, the state
board Of tax commissioners shall so de-
clare, and such bonds or other evidences
Of Indebtedness shall not ve issued.
All such bonds or other evidences OF
indebtedness SO issued under any order
Of such board shall be incontestable, ex
cept for fraud. forgery or for excess OF
the constitutional limitation: Provided,
however, that in case the proper legal Of
ficers Of any municipal corporation shall
have determined upon the Issuance Of the
bonds of such corporation IN any amount
not less than fifty thousand dollars
1850, COO and "A petition, praying that
such bonds be not Issued, shall have been
granted by the state board Of tax com
missiOners and the right Of such munich
pal corporation to issue such bonds so
denied, then and in that event, the tax
Lowing officer or officers in the unit ar
fected by such denial may, within ten
1Ol days from the date Of such denial,
file in the Office OF said staet board OF tax
commissioners petition for the submls-
sion of the question whether such bonds
shall be issued to the legal voters Of the
taxing unit to be affected thereby. IL
such board be satisfied that said last
named petition is in due form, II shalI
grant the prayer thereof within ten Gays
from the fling of such petition and order
such election at a time TO be fixed In such
order The county officers shall give the
notice for such election, and all proceed
ings for the holding of such election shall
be governed by the law regulating gen
eral elections in such municipalities.
The county auditor shall certify the
result of such election to the state board
of tax commissioners, and If such re
suit be in favor OF issuance OF such bonds
said state board Of tax commissioners,
within ten days after fling such certih
cate Of result shall enter an order APP
proving such issue. All costs and ex-
penses for holding such election shall be
paid by the taxing unit Interested In the
issues Of such bonds.
The Johnson bill is an administration
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