The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1865-03-17
An Act in Relation to the Taxation of Lands
Granted to the Lake Superior and Mississippi
Railroad Company.

BE it enacted By the Legislature OF the State OF
SECTION !. That whenever any lands hereto
fore or hereafter granted to the Lake Superior
and Mississippi Railroad Company, to aid in the
construction or completion of its road or branch
leased by said company, the same shah be placed
upon the tax list by the proper officer for taxa
ton as other real estate for the year succeeding
that in which such contract for sale, conveyance
or lease thereof shall have been made, but in en-.
forcing collection of the taxes thereon, the IT,
tie or interest of the said company or ofany trus.
tee or mortgage thereof shall be in no wise i'm
thereon and all the interest Of the purchaser or
lessee therein may and shall in case of default of
the payment of taxes upon such land be sold to
satisfy TIE same, and it shall be the duty Of the
accordance with the general laws relating to the
assessment and collection of taxes, and that the
provisions of the several acts in relation to the
taxation of the lands of said company 80 far as
the mode OF taxing such lands conflict with the
PROVISIONS Of this act, shall be and they are re-
pealed.
first three years, after thirty miles Of said railroad
shall be completed and in operation, on or before
the first day of March in each and every year,
pay into the treasury of the State, one per cent.
on the gross earnings Of said railroad, the first
payment to be made on the first day of March
next after thirty miles of the said railroad shall
be completed al in operation, and shall, during
the seven years next ensuing, after the expiration
of the three years aforesaid pay into the treasury
of this State, on or before the first day of March
OF each and every year. two per cent. on the gross
earnings Of said railroad, and shall, from and az
ter the expiration of said seven years, on or be-
fore the first day of March, of each and every
year. pay into the treasury of this State three per
cent. of the gross earnings of said railroad; and
the payment of such per centum annually, as
aforesaid shall be and is in full of all taxation
and assessment whatever. And for the purpose
OF ascertaining the gross earnings aforesaid, an
accurate account of such earnings shall be kept
6y said company, an abstract whereof shall be
this State, on or before the first day of February
in each year, the truth (which abstract shall be
verified by the affdavits of the treasurer and Sec
rotary OF said company, and for the purpose Of
ascertaiuing the truth of such affdavits, and the
correctness of such abstract, full power is hereby
vested in the Governor of this State, any other
person appointed by law to examine under oath
other persons; and if any person 60 examined by
the Governor or other authorized person, shall
knowingly or willingly swear falsely concerning
the matter aforesaid, every such person is declar
ed to have committed perjury. And for securing
to the State the payment of the aforesaid per
have lien upon the railroad of said company.
and upon all the property, estate, and effects Of
said company whatever, real, personal, or mixed,
and the lien hereby secured to the State shall take
and have precedence of all demands, DEGREES and
Judgments against said company.
Sec. 2. That upon the filing by said company
in the office of the Secretary of State of Motif
shall become obligatory upon the State and upon
SAID company, provided that said notification
shall be given within sixty (6O) days.
Sec. 3. This act shall take effect and be in
force from and after its passage.
Approved March 3, 1865.