River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1879-02-27

make report of its gross earnings for the
preceding year, and shall each year during
the continuance oil the exemption provided by
section one, pay into the state treasury at the
times fixed by the revised statutes for the pay
ment by railway companies of their license
fees, sum equal to five per centum of its
gross earnings for the preceding year, which
shall be in lieu Of all other license fees exact
ed from said company.
Section Z. 1t shall be the duty of said North
Wisconsin Railway Company to cause to be
prepared on or before the fifteenth day of
August in each year, sworn list of lands
owned by it in each of the several counties in
which said lands al located, and which were
on the first day of August in said year exem pt
from taxation, under the provisions of this ct.
The said lists shall specify the name of he
county IN which said lands, exempt as afore-
said, are located the description of each
| tract, giving the section, township and range,
| together with the number of acres in each
| tract so described, and The gross number OF
acres exempt, as aforesaid, in each county.
| The list, or copy thereof, duly sworn TO-
shall be transmitted Immediately to the State
treasurer, to be filed liz his office; and the said
company shall. on or before the fifteenth day
Of August in each year, transmit to the county
| treasurer of each county, in which are situat-
ed any lands owned by it, as aforesaid, Q
sworn copy of that portion Of the list herein
before required TO be sent to the State treas
4
Section s. Upon the receipt Of said list
from the said railway company, as required by
section seven of this act, it shall be che duty o.
the state treasurer, and he is hereby directed
to ascertain, on the basis of the total acreage
of land exempt from taxation under this act
the amount per acre for the payment of wnicl
the said five per centum so paid i1tO the treas
ury by said company, is adequate, and there
upon to transmit before the fifteenth day o
September of said year, to the county treasur
er of each county in which the exempted hand
are situated, the amount to which each COUNTY
upon said basis entitled.
Section Q. The county treasurer Of eacl
county on the receipt of the sum thus trans
mitted by the State treasurer shall proceed
forthwith to apportion to the several towns il
such county in which any OF the said exempted
lands are situated, and the amount to which
said town shall be entitled snail be ascertainet
in the same manner as that herein provided
for the guidance of the state treasurer in max
ing the apportionment between the sait
counties. The county treasurer, after maxim!
the apporioument, shall transmit TO the tow
treasurer of each town, without delay, the sun
to which said town is entitled, which shall b.
by said town treasurer, placed in the treasul.
OF said town as a part of the general funt
thereof, to be expended for general purpose
under the restrictions now existing in regar'
to the expenditures of the general funds o
towns
Section 10. This act shall not take effec
unless the said North Wisconsin railway com
pany shall, within sixty days from its passage
file with the secretary of state resolution
duly adopted by its board of directors, accept
8 ne the same, and the provisions thereof, an
agreeing to the performance OF the thing
herein mentioned as by it to be performed.
Section IL. This act shall take effect and b
in force from and after its passage and publ
cation.
Approved February 49, 1879.