"Assessors of income—how appointed.
"Section 1087m-8. 2. Not less than thirty days prior to the first of March, 1912, there shall be selected and appointed by the state tax commission an assessor of incomes for each assessment district in the state, who shall hold office for a term of three years unless sooner removed as hereinafter provided. Such assessor shall be a citizen and an elector of this state, but need not be a resident of the district in which he is appointed to serve; provided, however, that so far as practicable, preference shall be given in making such appointments to residents of the districts."
Moneys, debts due and to become due, all stocks and bonds not otherwise specially provided for, are exempt from taxation. The law was declared constitutional on January 9, 1912, by the Wisconsin supreme court. Its advocates do not claim perfection for it; they admit that it is experimental but fundamentally right.
Educational
For common school purposes there is a 7⁄10 mill tax levied on general property of the state as determined by the tax commission, exclusive of the property of corporations which pay fees or are assessed by the state board.
For the support of the university there is a tax of 3⁄8 of a mill upon each dollar of assessed valuation of general property of the state, as determined by the commission (chapter 631, laws of 1911). Under the same law there
