Evening star., 1932-07-16

The institute is given powers designed
to enable it to function in its field in
a manner similar to that of the Amer
lean Institute of Certified Public Ac-
countants and the professional engi-
neering organizations in their special
lied fields.
Governing Board Formed.
A charter and bylaws for the insti-
tute were adopted and were approved
by the board of directors of the national
association Philip w. Kniskern of
New York City was elected president of
the institute; Joseph B. Hall. Cincin-
natl. vice president: Herbert U. Nelson,
secretary, and Mark Levy, Chicago,
treasurer. A board of governors also
was elected. to take Office Immediately
Admissions to the grade of member
In the institute. the national body an
nounces, is only upon a careful ex-
animation of the candidate as to his
understanding of appraisal principles
and methods, his experience and his
local record as to appraisal conduct"
1t is required that an applicant hold
membership in a member board of the
national association and that his ap-
plication be approved by the local
board
The grade of affiliate is to be open
W dlly dIly lOl III VI
membership in a member board of the
national association and who has a
clear record" and otherwise complies
with requirements set up by the insti-
tute's governing board.
Power of Expulsion.
The institute. it is stated. is given
the power to establish its own quail
fications and examinations, to estab-
lish standards of procedure and to ex-
ercise control and discipline over its
membership, including power of ex-
pulsion.
The acts of the institute are to be
subject to approval of the directors of
the National Association of Real Es-
tate Boards
A number of specific objectives were
recommended to the real estate inter
estS of the country, in regard to taxes
on real property, by action of the Ma
tional Association of Real Estate
Boards at the recent Cincinnati con-
vention.
Tax Changes Proposed.
IN approving report submitted by
a committee of 53 members, headed b.
f. !. McKallip, Pittsburgh, the conven-
tiCn urged:
l Periodic and compulsory audit of
e.. G nnental accounts by properly con-
sti-uted State authority
:. Supervision of local budgets and
bend issue proposals by State tax
Contn9i SIGN.
3. ALLEGATION of large proportion
of the gasoline taxes and automobile
license fees to the cities and local
I'm is.
Abolition of the township as
unit OF government.
5. Elimination of assessment duph
cations by having only the county or
the State make the assessments on all
forms of property. such assessments to
be used by all units in the county or
the State
g. Collection of all taxes due and de-
linquent to be made by the county
treasurer and allocated to the proper
units. the fees from the penalties
charged delinquents to go to the local
unit and not to the treasurer, thereby
abolishing fee Offices.
Relief Work Discussed.
The committee also declared tina.
funds for relief purposes should be
raised not by bend issues or increased
property tax.
Money will have to be raised for
relief" the report states But such
monies should be raised by new taxa
ton. There should be eithar amend
merits to State constitutions or new
acts passed through which everyone
would pay his share of the burden.
Real estate owners have contributed,
by free rent, delinquencies, and abate-
ments, a greater measure of relief in
these trying times than anv other in
dustry, business or activity. Everyone
wants to give relief to our people who
are hungry and in distress, but We in
sist that other means of raising money
be attempted before we pass city and
county bond issues, which can only be
paid for in added taxes on real estate