Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1884-11-28


Pending the third reading of the bill,
Mr.. Douglass proposed several amend
mcntS, which were adopted, ana on ms
motion the bill was then ordered to lie
and be printed. 1t will come up for de
bate today and Monday. and one of the
most interesting debates of the session is
expected. The bill has steadily gained III
favor since it was introduced, and edltO-
rails and communications in the FREE
PRESS AND TIMES, advocating the prin-
cipe which it is intended to enact, have
been attentively read by the members.
! The amendments proposed by Mr., Doug
! lass having been Incorporated, the Dill
reads aS follows
SEC. l. Persons or parties holding real estate
subject to mortgage may claim exemption
from taxation thereon to an amount not cX-
Cccdng the amount remaining unpaid ON the
notes secured 10y said mortgage, or mortgages,
ON the LIST day of April of each year. Where
such exemption Is claimed by mortgapor, it
| shall he the duty of said claimant to present
! to the Listers of the town in winch the prop
crty is located II sworn statement OF tine
amount remaining unpaid on said mortgage
notes, exclusive of interest thereon. He
shall also statc by whom such mortgage or
mortgages are held, and to whom they were
executed. 1t shall he the duty of said Listers,
when these conditions shall have been com
piled with. to deduct the amount thus shown
to remain unpaid on said mortgage notes from
/ the list of said claimant, provided the sum So
deducted shall not exceed the appraised value
of said real estate. The amount thus deducted
from the list of the mortgngor shall he set in
the grand list of the town where said real
estate is located to the murtgagrc, or holder
of said mortgage or mortgages.
SEC. ,. For purposes of taxation, the
holders of mortgage deeds shall be hcld to hr
joint owners with the holders of other deeds
of the same real estate. Persons or parties
holding mortgages ON real estate, ON when
/ exemption has been granted, shall u" entitled
| to exemption from taxation ON personal prop
crty to nm amount not exceeding the amount
of exemption which has been granted
the mortgagor. Provided that tn" total
amount of exemption granted to all claimants
shall not exceed the appraised VAIN" oi Such
/ real estate; and it is hereby further provided
that where there is more than one mortgage
upon the same property tine holder of the itist
mortgage may claim the first right OF CNrmp-
tiun ON personal property. ana tn" holders OF
tiun i'm the order of the dates ON which said
mort gaEcs were recorded.
Where exemption Is SO claimed 10y the
holder of multgug ON real estate not located
in the town in which he resides, il shall he the
duty of said claimant to procure crrtlhcd
statement of the amount OF exemption
granted in favor of the mOrtghgOr. from the
listers of the town where said real estate is
located. and transmit tn" sam" to the listers
of the town in which said claimant resides ON
or before the 3Oth day of April OF "ach year.
Whcrr mort gagged property l. situated IN two
or more places, II shall h" set III tn" list Whcr"
located. to each of it, joint owners in proper
ticn to the Liability of each to TAXATION ON the
/ entire mort gagged estate.
1t shall he the duty of the listers of the town
where such real estate i located to furnish
, such certificate on application of said chln-
ant.
SEC. g. Nhrh thc holu'r o. " i'"I,I"En ,',,
nrai tSiI,' t h,, r,,,,,,,, ,id tr,usfrrrd re-
IN" list of the h"idGT of said mortgage is Il
nonresident of the state, or whcr" ms resi-
dcncC is unknown to the collector ol taxes IN
the town where said estate is located. or
/ where he shall refuse or neglect to pay the
taxes assessed upon the list representing Siild
mortgage notes, it shall br the dltN Oh thc
mia ne moIirntEr shn rive his recent in fuil
to the said mortgagor, which receipt shall have
me lliii tEh l2rrc ana Hiicv, 1i 'Ivr
FOR MONEY received in payment Of principal
or interest ON said notes
SEC. 4. Where taxes have been lmld ny the
mortgagnr IN ncH"rhancc WIN thS ProN isi4iT
o, mi av,, IT. s,,'i ,c u,,. & W w ,.nt,
tir ~ H., c"Ii.,.t NIX rr, 1nt thnrrfnr tn re-
fund the amount So shown to have been paid
in money or cause the same to he endorsed on
the notes secured by said mortgage or mort
gagcs. II he shall refuse 10 lhukr llll rcsl!'l,
liHh' or III any "Hl."Ur i Nv, MI
rnlI t i. t"N' ~ Ill ~" -,Ii,dw"i witty nt
usllry. and on conviction thereof shall forfeit
and pay to the mortgagnr i sum rIlinl u
with costs of prosecution.
SEC, >. rms act Sh'iI take erect from IT.
~ J.. fla. ,,.t i,ur,,.t.,,, ,,,,..,.,,,.,
which has or will come before the Lcrisla
turc. 1t is II pity that it came before the
members at SO late Il stage, for it deserves
the most careful Considrr;tti ion The law
ycrs of the House are divided. Mr.. Stick
ncY of Bethel. ii is said. will champion the
bill and Mr.. Henry ana Major GrOut VIII
help him. while Judge Walker opposes it.
The state Library Building.
Tbe hin yhicb ,u,rnnri,ta. S2G ouo fn
the erection nf u new buildinp for th,
State Library was passed in concurrence
, having been amended by Mr. French OF
e. Woodstock so as to add Hon Frederick
Billings to the building committee, SO ~
to allow the Governor to fill all vacanCie,
on the committee, and to enforce its com
pletion on or before September list, lSS6
| The building committee now consists OF
the Governor, Lieutenant Governor, tn,
state Librarian, hon freuerlck BlilllSS
} WINS E.n Rnv Wr H"nl'ins rnt in M
| amendment mt the last moment allowin.
the committee to receive and eNpcnd pri
waite SUBSCRIPTIONS Tor the building. lher'
f was Ho ucp"ue upon us Pa9H"Sc'