The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-10-08
CHAPTER 100.

AN ACT to Repeal Section l8, of Chap
ter l73, Laws of Ninth General As
sembly, regulating the Levy and Col
lection of Tax on Gross Receipts of
Rail Road Companies and to Enact \
Substitute therefor.
Il BE it enacted by the General A.
senbly Of the State of Iowa, That
section sixteen Of chapter one hundred
and seventy three, Of the laws of Ninth
General Assembly, be and the same 10
hereby repealed, and the following SUBJ
stituted therefor-Section 18. Each
railroad company in the State shall an
nually, on or before the fifteenth day of
February, file in the Office of the Treas
urer of State sworn statement, setting
forth first, the gross receipts Of their
railroad, without REDUCTION [deduc-
tion] of expenses for the year ending on
the thirty first day Of December preced-
ing; second, the number of miles of rail-
road in each county on the thirty first
day of December preceding; Which said
statement shall be sworn to by the Sec
retary and treasurer of such company,
and by the general superintendent Of
their road. And the Treasurer Of State
shall levy on said gross receipts q tax
of one per centum, which the said rail-
road companies shall pay on or before
the last day of February, after which
time the said taxes shall become delin-
quent, and the same penalties and in
terest shall attach as OH other taxes. AZ
ter the said taxes become delinquent,
the Treasurer of State shall proceed to
collect the same in the same manner
and with the same rights and powers as
sheriff may on execution.
One half of said taxes levied and col
lected as aforesaid, shall be equally ap-
portioned by the Treasurer Of State to
the several counties through which the
said railroads respectively run, in pro-
portion to the number of miles Of main
track of road in each county, and shall
be paid over by him to the county treasur
er of such county. Ifany railroad COM
pa ny shall fail to make the sworn state.
ment required by this act, the Treasurer
Of State shall ascertain as near as may
be the gross receipts of such delinquent
company, and assess thereupon the said
one per cenum, and shall sieze and levy
upon the whole or any part of the prop
erty, rights, and franchises of such COM
pany, and after giving ten days. public
| notice Of the time and place Of sale shall
proceed to sell the same at public action
to satisfy the amount of said assessment,
together with all costs and expenses in
Cured in making the assessment and
sale. The Auditor Of State shall draw a
warrant upon the general revenue, pay
able to the order of the Treasurer OF
State, for the necessary expenses incur
red by him in either the assessment or
collection Of the taxes as required by
this act.
The tax herein provided for shall be in
lieu Of all taxes for any and all purposes
on the road bed, track, rolling stock and
necessary buildings for operating their
road. But other property belonging to
such company, whether personal or real
shall be taxed as property of individuals
in the respective counties In which tho
same may lie.
a.. This act shall take effect and be in
force from and after its publication in
the State Register and lo,od Homestead,