"In case the value of which any specified land has been assessed appears to be more or less than its true value the amount of the assessment shall nevertheless not be varied on appeal unless the difference be gross, if the value at which it is assessed bears a fair and just proportion to the value at which the lands in the immediate vicinity of the land are assessed, but the council may from time to time set apart certain portions of the city to be known as improvement districts and land therein, (not bona fide, held in connection with a store, warehouse or dwelling), shall in addition to any other assessment which might be made against it herein be subject to superassessment bearing such proportion to the value at which such land would otherwise be assessed not exceeding twenty-five per centum of such assessed value, as the council may decide, and such super-assessment shall be added to the assessment of such land and taxes shall be collected thereon accordingly.

"2. The mode of assessing business shall be as follows: The council shall fix a rate per square foot of the floor space (irrespective of partitions, elevators, stairways or other obstructions) of each building or part thereof used for business purposes and shall as far as they deem practicable classify the various businesses and may fix a different rate for each and in so doing may place a wholesale business in a class distinct from a retail business of otherwise the same class and may classify each building or part thereof according to the class of business carried on therein and may fix a different rate for different classes of business carried on under the same roof and for storehouses and warehouses or other like appurtenant building than that fixed for the principal building and may fix a different rate for different flats of buildings. Such rate shall not exceed $5.00 per square foot except in the case of banks, loan companies or other financial institutions in which case such rate shall not exceed $10.00 per square foot; provided that it shall be optional with the council whether it shall adopt the method of assessing business as herein provided for the year 1913 or whether it shall adhere to the former mode of assessing stocks as provided in subsection 4 of section 127 of The Municipal Ordinance.

"4. The occupant of any building liable to taxation under the preceding subsection shall be

liable for the business tax aforesaid though he may also be the owner of the premises and liable as such owner to taxation on the land."

And the said section 127 is amended by adding thereto a new subsection as follows:

"6. In assessing buildings the assessor shall assess same at 80 per centum of their value in the year 1914; in the year 1915 and thereafter the council shall decide on a rate not to exceed 75 per centum of the value."

(d) Section 147 is amended by striking out the words "but any such distraint shall be made on or before the 30th day of December in each year' at the end of said section.

(e) Section 156 is amended by striking out the words "and also 6 per centum on the whole amount then due" in the sixth and seventh lines thereof, and by substituting therefor the following, namely: "and also a penalty of nine per centum per annum to be computed at the rate of three-quarters of one per cent. per month for each month or portion of a month in arrears.'

(f) Section 160 is repealed.

(g) Section 226 is amended by striking out the words "being a man, unmarried woman or widow" in the first and second lines thereof; also by adding the words "or she" after the word "he" in the seventh line thereof and also by adding the words "or her" after the word "his" in the eighth line thereof; and also by striking out the words "or whose wife is a freeholder of real property within such municipality" in the eighth and ninth lines thereof.

2. Section 7 of The Wetaskiwin Charter being chapter 41, Alberta, 1906, is amended by adding thereto the following subsections, namely:

"For the purposes of this section any bank or other corporation assessed on the last revised assessment roll as the freeholder or lessee of real property which if held or leased by an individual would entitle him to vote shall be entitled to one vote only which may be given by the chief resident officer of such corporation."

1913

CHAPTER 34.

An Act respecting the Assessment in the Village of

Lougheed.

(Assented to March 25, 1913.)

WHEREAS the Village of Lougheed has by petition prayed that provision be made for the assessment of real and personal property and for the collection of taxes in the said village;

And whereas it appears that by reason of the provisions of section 16 of chapter 1 of the Statutes of Canada, 1881, commonly known as The Canadian Pacific Railway Act, a very considerable portion of the land within the limits of the said village is exempt from taxation;

And whereas it is expedient to grant the prayer of the said petition;

Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows:

1. In its application to the Village of Lougheed, The Village Act, being chapter 10 of the Statutes of Alberta, 1907, or any Act passed in substitution therefor, the word "land" shall, unless the context otherwise requires, include lands, tenements and hereditaments and any estate or interest therein.

2. Section 52 of the said Village Act or any similar provisions in any Act passed in substitution therefor shall not apply to the said village, but in substitution therefor the following provisions shall have effect and shall apply to the said village:

(a) The council shall cause an assessment to be made of all real and personal property in the village not exempt from taxation as hereinafter provided; and shall have an assessment list prepared showing the name of each person assessed, the property in respect of which such person is assessed and the assessed value.

(b) If any property which should have been assessed has been omitted from the assessment list the council

shall upon discovery of such omission if within one month from the mailing of a notice of such assessment as herein provided assess such property and make the necessary additions to the assessment list.

(c) This assessment shall be completed not later than the 31st day of May in each year.

3. The provisions of the said Village Act or any Act passed in substitution therefor shall continue to apply to the said village save in so far as the same are herein declared not to apply.

1913

CHAPTER 35.

An Act Validating and Confirming Certain By-laws of the City of Calgary.

(Assented to March 25, 1913.)

WHEREAS the council of the City of Calgary, purporting to act under and by virtue of the authority conferred upon it by sections 110a and 117, chapter 33 of the Ordinances of the North-West Territories, 1893, intituled "An Ordinance to Incorporate the City of Calgary, and amendments thereto, did, on the 4th day of March, A.D. 1913, finally pass By-law No. 1468, in the words and figures following:

BY-LAW No. 1468.

A by-law of the City of Calgary to consolidate the debentures authorized to be issued under certain local improvement by-laws and to provide for the issue of such consolidated debentures to the amount of $2,346,177.24 Canadian currency, or its equivalent in pounds sterling at par of exchange, the proceeds to be used for the purposes mentioned in such by-laws; and also to provide for the assessment and collection of the sums necessary to pay such debentures.

Whereas the City of Calgary duly passed certain local improvement by-laws, being numbers 1450,1439, 1464, 1437, 1445, 1435, 1461, 1434, 1465, 1441, 1451, 1452, 1443, 1453, 1440, 1462, 1466, 1463, 1467, 1442, 1436, 1460, 1454, 1455, 1456, 1446, 1438, 1457, 1458, 1459, 1447, 1449, 1444, 1448 authorizing the issue of debentures to the amount of $2,346,177.24 payable in twenty years from the date of the coming into force of the respective by-laws, and bearing interest at the rate of four and one-half (41%) per centum per annum, payable half-yearly, and each of such by-laws provided for levying and collecting certain monies in each year during the currency of the debentures thereby authorized for paying such interest and for forming a sinking fund for the payment of the debt created by the issues of such debentures, the particulars as to such by-laws being as follows: