The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1873-05-21
CHAPTER Cccc1

| CHAPTER CCCCL.
An act to establish just rules for the taxation Of railroad
corporations and to induce their acceptance and uni
form adoption
Whereas encouragement of railroad enterprise
laws creating and regulating railways in this state
usually provide for the payment by them, in consid-
Grafton OF their chartered privileges fixed rate upon
their capital stock The cost of their works In lieu
all other public DposioDs Whatever and Whereas II
is nevertheless commended that the property Of such
corporations being largely acquired for or through the
growth and extension II their prosperity, should
tribute the charges and expenses essential for NUM-
cipal ard county purposes and whereas, It issirabe
in order TO the avoidance of litigation and future dis
satisfaction that sucl, municipal and county taxation
shall be authorized, and that the shalt be pcrma-
neatly fixed ard regulated; now therefore,,
!. Be ii enacted ~ the Senate and General Assembly
of the State OF Now jersey, That all taxes upon all rail-
road companies occupying ana using railroads in this
made follows Fist, such companies shall pay upon
the cs equipment and appendages of said railroads
Se een sed Sy law ae ss
or in default thereof after the rat of per
~ @on such eost Second upon al the real pro-
the purposes OF their road or OF erwss excepting their
main stem or road bed and track not exceeding ore hun
and municipal tax Tor the neit of the counties,
ships and cities respectively where the is situate
after the rate OF one per centm upon ayaluati0n there
Of and improvements thereon, not by way Of repairs,
now or reaiter TO be made which valuation shall be
termni Of their said roads each company may hold
tract of land not exceeding ten acres e. he in ono parcel
shall be free from the payment Of county township and
municipal taxes whatsoever.
coipo alton shall oath ainnation make return to
cost of the equipment and appeDdages of said railroads
used by belonging to said Corporations in this state
and further showing the cost If said property wereon
said SIX is laid as aforesaid specifying par ocular
items and their costs; ahd hereupon within ninety Gays
after such IT turn payment shall be made by tie said
company Of the sad tax TO said treasurer in default of
which payment, remedy may be had therefor by silt.
B. Aid W il elaetd, That If the state comptroller shall
be dissatisGt with any statement and turn aforesaid,
tor thcuse Of the state against srch cor
poraion making such return for lse return and
recover in such acton upon proof the e the tax aore-
said due upon any property cost omitted
y stated, AMI that, whether not payment has been
made ,corins tosach erroneous rctri statement;
pyoUied that such action shall be brought after the
expiration OF Fix months from the day of making such
stat ment ana turn such state conpt olle and that
shall be recovered by the successful party therein
Ill all civil cases.
be 1t enacted That on or before the close of the
p-int soma responsible citizen the state coinssi
Of ilroaI taxation to hold office for year. whose
duty shall be to make, certify under his hand and
turn TO the state comptroller statement and valuation
Of all the safe property occupied used owned
the purposes o. any railroad corporaionin any county
city township ia this state and hereby made ISL hi,
to county, township ard municipal taxation particularly
specifying the and stating also the township cit
wherein the same is situate; such satenents
shall be made separately Tor each railroad corporation
and arrang by Counties townships and municipal sub
divisions In such be- of easy referebee and
shall be recorded In books in the Office said state
troer be provided by him for that purpose and shall
be public records, subject to public INSPECTION
s. And be II enacted, That before making such valua-
and ssms,t said shall give written
notice to said railroad corporation and each township
and municipality interested respectively for at least
days a,G place at which he will proceed to
rorn said duty notice to be served la the ms L.
nsr provided BY law for serving wrs Or summons upon
ohsr time Ii. shall then ard there or o., any other
adjourned tay al point judiciay fix such valuation OF
which such return shall be the evidence and from which
s. And he it enacted That nothing In this act shall be
held 70 require that such valuation shall be made by such