Declaration to be made by the persons acquiring or improving real estate.
Section 46
SEC. 46. Declaration to be made by the persons acquiring or improving real estate.—It shall be the duty of each person who, at any time, acquire real estate in the city, and of each person who construct or adds to any improvements, on real estate owned by him in the city, to prepare the present to the city assessor within the period of sixty days next following such acquisition, construction or addition, a sworn declaration setting forth the value of the real estate acquired or the improvement constructed or addition made by him and a description of such property sufficient to be enable the city assessor readily to identify the same. Any person having acquired real estate who fails to present the declaration herein required within the period of sixty days shall deemed to have waived his right to notice of the assessment of such property and assessment of the same in the name of its former owner in all such cases, ba valid and binding on all persons interested, and for all purposes, as though the same has been assessed in the name of its present owner.