Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1870-05-19


SIC. J. Beat enacted ty The Gene-o, As
senably Of the STATE ~ Io,ea, That each rails
road company owning or operating q rail-
road in this State, shall annually on or be-
fore the fifteenth day Of February ofcach year
make out and file with Treasurer Of State n
sworn statement, setting forth, frst--the
amount oe gross receipts Of their railroad
for the year ending the thirty first day of
December preceding, second--the number Of
miles Of main track Of their railroad in each
county on the thirty first day Of December
preceding, which statement shall be sworn
TO by the president and secretary Of such
company and BIZ the General supcrintend.
| cnt of their railroad or any two Of them.
| Src. 9. The State Treasurer shall levy on
! said gross receipts tax as follows viz: On
the first $4,000, or part thereof per mile. one
! per centum, and on receipts OF over $4,000,
and under 1000, per mile, two per centum:
and on the excess Of receipts over $4,000
per mile, three per centun,, which taxes thc
said railroad companies shall pay on or be-
| fore the frs, dry Of March after which time
said taxes if not paid shall become dclin>
aucnt. and the same penalties and Interest
shall attach rs on other taxes.
SEC. 5. After the said taxes become dc .
/ linquent, the treasurer Of State shall pro-
coed 10 collect the same in the same manner
and with the same rights and powers as n
sheriff under execution, except that no pro.
cess shall be necessary, 10 authorize the
treasurer 10 seize and sell properly for the
| collection Of said taxes.
Ssc 4. One>ffth OF the taxes levied and
collected rs aforesaid shall remain in the
State treasury to be used in the same man.
ner as the several revenues Of the State, and
The other fcur>ffths Of said taxes shall be
arportioned by the treasurer Of State to the
several counties through which the said
| roads respectively run, in proportion to the
number Of miles Of main track OF road in
each county and shall be paid over by him
! 10 the treasurer Of the county entitled there.
| 10.
SEC. 5. If any railroad company shall
| fail 10 furnish the sworn statement required
by this act on or before the time herein pro-
viied, tie treasurer of State shall on or be.
fore the first day of March ascertain as
nearly as possible the gross earnings OF
such delinquent company, and shall assess
thereon the tax as herein provided, together
with penalty thereon Of thirty per cent.
for au:h neglect, which tax and penalty
shall! be collected ns provided by the third
section Of this act VII the treasurer Of
State has to incur any expense either in the
assessment or collection Of said taxes after
they becoie delinquent, lie shall q 4 one
per ccniun on the amount Of taxes due
| whc hshall be his compensation for said ass
sessment and collection. The taxes herein
| provided for shall be in lieu OF all taxes or
anyEnl ell purposes on The road bed, right
Of ray, track, rolling s,oc. and necessary
buildings for operating their road, except
as hereinafter provided but other property
belonging TO such company, whether per-
sonal CT real, shall be taxed as property Of
lhuiF.uGa.3 IN Inc respective counties IL
which the same may be situated.
SIC. 8. No provision of this act shall be
leid to apply to any railroad bridge across
the Mississippi or Missouri river, but such
bridges shall be assessed and taxed on the
sane basis ns the property Of individuals.
SEC. Z. All acts and parts Of acts incon-
sis;ent with this act are hereby repealed.
Approved April IL, 1870.