CHAP. 492.—An ACT to amend and re-enact sections 2 and 6 of an act te
provide a better assessment of personal property under the contro!
of the fiduciaries and the several courts of the Commonwealth, ap-
proved March 4, 1896, as amended and re-enacted by an act approved
March 3, 1898. (S. B. 353.)

Approved March 22, 1916.

1. Be it enacted by the general assembly of Virginia, That
section one and six of an act entitled an act to provide a better
assessment of personal property under the control of fiduciaries
and the several courts of the Commonwealth, approved March
fourth, eighteen hundred and ninety-six, as amended and re-
enacted by an act approved March third, eighteen hundred and
ninety-eight, be amended and re-enacted so as to read as follows:

Sec. 2. On or before the first day of May, nineteen hundred
and sixteen, and every two years thereafter, the State advisory
board on taxation shall appoint an examiner of records for each
judicial circuit of this State, for a term of ............ years,
who shall be a resident in the circuit for which he is appointed
and who shall be removable by said board at pleasure and his
successor appointed for the unexpired term; provided, however,
if any or all of the present examiners of records are acceptable
to the said advisory board on taxation the board shall by reso-
lution so declare in which event any of said officers declared to
be acceptable shall remain in office for a term of four years from
the first day of May, nineteen hundred and sixteen, but shall be
subject to removal by the said board as above set out. It shall
be his duty annually to examine all causes pending in the courts
of his circuit and the records thereof and ascertain and report
all money, bonds, notes, stocks, shares of stocks, capital, capital
stock, choses in action, other evidences of debt, and all and every
other species of personal property and income subject to taxation
under the control of the courts in his circuit or held by any per-
son, bank, or corporation subject to the order of such courts or
in the hands of or under the control of receivers, commissioners,
and fiduciaries appointed by such courts or appointed by any
deed or will, and shall perform such other duties as may be re-
quired of him by law. Such examiner of records before enter-
ing upon the discharge of his duties under this act shall qualify
before some court of record in his circuit and enter into and
acknowledge a bond in the penalty of five thousand dollars con-
ditioned for the faithful discharge of such duties, and condi-
tioned also for making good to the Commonwealth of all over-
payments of commissions to said examiner as provided in section
six of this act, and payable to the Commonwealth of Virginia,
and with some solvent person or persons approved by the court
appointing him as surety or sureties.

The terms of the examiners of records heretofore appointed
by the several circuit courts of the Commonwealth shall expire
upon the thirtieth day of May, nineteen hundred and sixteen,
or as soon thereafter as their successors have been appointed
and qualified; except that the terms of examiners of records de-
clared acceptable by the board, as above provided, shall end on
the first day of May, nineteen hundred and twenty, unless sooner
removed by said board.

Sec. 6. The examiner shall be entitled to receive as com-
pensation for his services under this act, to be paid in the same
manner as the compensation now paid to the commissioners of
revenue one-tenth of one per centum for the first one million
dollars of aggregate amount of property assessed under this
act, and one-thirtieth of one per centum on the next four million
dollars, and one-fiftieth of one per centum on all in excess of
five million dollars, provided that the commission on money shall
only be one-fiftieth of one per centum; provided, that the said
examiner of records shall refund and pay into the treasury the
compensation paid him on all property hereafter reported by
him that shall be relieved of taxes erroneously assessed thereon.