The Wrangell sentinel., 1923-04-12

June and shall continue to sit as such Board of Equalization for such purpose between the hours of ' o'clock pm. and g o'clock pm. of said day and for the same time and hours during the Saturday next immediate ly following, but after final adjourn ment the common council shall not have the power to change the assess ed valuation of the property of any person, or to reduce the aggregate amount of the assessed valuation of the taxable property of the city, but may correct errors in descriptions or double assessments.
 The Board of Equalization shall observe the following rules:
 First. They shall raise the val uation of each tract or lot of real property which, in their opinion, is below the true and fair value there of.
 Second: They shall reduce the valuation of each tract or lot which, in their opinion, is above it's true and fair value, to such price or sum as they believe to be the true and fair value thereof They shall raise the valuation of each class of per sonal property which, in their opin- ion, is returned below it's true and fair value, to such price or sum as they believe to be the true and fair value thereof. and they shall raise the aggregate value of the per sonal property of each individual, company, partnership, or other asso- citation, whenever they believe such aggregate valuation is less than the true valuation of the taxable person. al property tax to such individual, company, partnership or other asso- citation, to such sum or amount as they believe to be the true and fair valuation thereof. The clerk shall keep an accurate journal or record of the proceedings.
 Section 15. The common council on the last Thursday in June of each year shall estimate and determine the amount of money necessary to be raised by said City.
 Section 16. The common council shall annually, on the last Thursday in June, levy the following taxes on the assessed value of the taxable property in said City. not to exceed in the aggregate Two per cent. @ per cent), to-wit:
 Water Fund, Street. Fund, Fire Fund and General Fund. or such funds as in their opinion shall be deemed necessary.
 Section IT. Every tax has the ef- feet of judgment against the prop erty, and every lien created by this ordinance has the force and effect of an execution duly levied against all property of the person assessed. The judgment is not satisfied or the lien removed unless the taxes are paid. Every tax due upon real prop erty is lien against the property assessed
 Section IS. The assessor of the City of Wrangell shall, as soon as the assessment roll has been correct ed as by law required, enter in sep arate columns the amount of taxes levied for the fund expressed in that column, and shall carry the same in the aggregate in a separate column rejecting the fractions of a cent oi all property so taxed as herein pro- the footings and valuations of each column on each page and so continue l the respective footings to the page or pages immediately following and add up and enter the sum total of such footings.
 Section 19. Upon the completion of the work of the board of equaliza- tion the city clerk shall deliver the assessmet roll to the city treasurer and shall give a certificate to the said treasurer in the following form | City clerk,
 of the city of Wrangell, do here
 by certify that I have received 1 the assessment roll of the taxa
 bie property of said city for the year 19- from the assessor of
 said city on day
 of---------,1 19--, with his
 affidavit thereto affixed; that I entered upon said roll all cor rections as directed by the Board of Equalization, and that the said roll was made in the pnonnor pracor;had Inv, lou,