North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1870-05-25
CHAPTER LOG.
CIfAPTER lO6.
An ACT for the Taxation of Railroad Pr

CHATTER l06.
An Al Tor the Taxation of Railroad Pro-
SECTION !. Be it enacted by the General As.
sembly OF the State of Iowa, That each railroad
Statp owning or operating railroad in this
DAY OF February of each year make ont a nd Ale
WIN the treasurer of State, a sworn Statement
Selling se;n.g iortn, nrst-the amount of gross re-
SsiPts u lneir railroad for the year ending the
thlrty,hrst day of December preceding sec
ond-the number of miles of main track of
first day of Decemb ech nr county on the thirty
ment snail be sworn to by the president and
secre.ary OF such company, and by the general
them. "a "hS '"oo VI
SEC 2. The state Treasurer shall levy ON
s sa Eross 81 receipts tax as follows viz: ON
Ihe nrst S3OOO, or part thereof per mile one
per cen ~ and on receipts of over s3 600 and
,ha s6oo, per mile, two per cehtum; and on
per centum, which taxes the said railroad com.
panies shall pay on or before the first day of
shaf AFTER winch time said taxes if not paid
ties and interest shall attach as on other faxes
SEC g. After the said taxes become deiin.
q I9mt, the treasurer of State shall proceed to
coiect tne same In the same manner and with
the same rights and powers as a sheriff under
eXecaion, except that no process shall be ne
sell property for the collection of said taxes
SCI; =. One-nfth OF the taxes levied and col.
eeos as AFORESAID shall remain in the State
treasury 10 De used. in the same manner as the
several revenues of the State and the other
11ur,ffths of said taxes shall be apportiOned by
tne treasurer OF State to the several counties
through which the said roads respectiyelv RIM
In proportion to the number of miles Of main
track OF road In each county, and shall be paid
over by him to the treasurer of the county en-
titled thereto 10 @"A'S en
SEC. 3. If any railroad COMPANY shall fa,, IN
lurnlsn the sworn statement REQUIRED nv this
Act on or before the time herein provided. the
treasurer OF state shall, on or before the first
gay OF March, ascertain as nearly as pOssble
tne gross earnings OF such delinquent company.
anu snail assess thereon the tax as herein PRO,
Nlded, together with penalty thereon Of 70
per cent: for such neglect, which tax and mem
ATTY snail De collected as provided by the third
sectlon or this Act When the Treasurer of
otate mas 10 Incur any expense either i'm the
assessment or collection of said taxes after they
DecOme delinquent, he shall add one per cent
on lne amount of taxes due, which shall be his
compensation for said assessment and collec-
uon. The taxes herein provided for shall he
~ ~ ieu OF al! taxes for any and all purposes on
Ine rOad-oed, right of way, track, rolling stock
anu necessary buildings for Operating their
Ioau. except as hereinafter provided: but other
PIoPerty belonging to such company whether
personal or real, shall be taxed as property of
t.nulsiuuals In the respective counties in witch
the same may be situated.
SEC. o. NO provision of this Act shall be held
70 Apply 10 any railroad bridge across the Mis-
slssippl or Missouri river, but such bridges shall
De assessed and taxed on the same basis as the
property of individuals. w. -1o
SEc:1 All acts and parts Of acts inconsistent
win this act, are hereby repealed.
Approved April r. 1870.