Page:Haynie v. Surplus Trading Co.pdf/8

514 Crawford & Moses' Digest, Which is § 16 of said act 147, provides for the manner of listing property erroneonsly left off the tax-roll. The property in question was not assessed by the Surplus Trading Company for the year 1922 and was left off the tax roll. Subsequently the tax assessor was notified of the omission to list the property by the clerk, and placed a value of $100,000 on the personal property of the Surplus Trading Company, and designated the same as delinquent. Under the provisions of the section of the statute last above referred to it was the duty of the assessor to place a value upon preperty which, for any reason, had been omitted from the taxroll, and the township board had no duty to perform in the matter.

Again, it is insisted that said act 147 was repealed by act 477 passed by the Legislatnre of 1919. This act contains twelve sections, and it is only necessary to say that it had nothing whatever to do with the original or primary assessment of property. The only power given is with reference to the equalization of the valuation of all property which has been properly assessed.

Again, it is contended by counsel for appellee that there was an overvaluation placed upon the property of the Surplus Trading Company for the year 1922. The record shows that, on April 21, 1.922, the Surplus Trading Company purChased from the United States 87,143 blankets situated on the Camp Pike Military Reservation in Pulaski County, Arkansas, and paid therefor the sum of $138,492.65. These blankets were sold afterwards by the Surplus Trading Company to various persons at a profit. It was the duty of the Surplus Trading Company to assess its Property situated in Pulaski County, Arkansas. Beal–Doyle Dry Goods Co. v. Beller, 105 Ark. 370, 150 S.W. 1033. Not having done so, it became the duty of the assessor to assess the property under the provisions provided for the manner of listing property erroneously left off the tax-roll. The valuation placed upon the property by the assessor was $100,000. If the Surplus Trading Company thought that the assessor had placed