Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1884-06-19

bbsse-s5t of ai1J hrbpeIts IN this state o her
than that which it derives from the lessor or
company whose properly is operated, it shall
be assessed in respect Of such property in like
manner as any domestic railroad or canal com
pany any tangible personal property Of such
for. ign conihIilg, Ii used on kept but part OF
the time in this state, shall be- assessed such
bfoportionrte part Of its value as the time 1t is
used or Kept in this state during the year pre-
cedIng the frs day Of January mentioned in
section twenty-one hereof bears to the whole
fear
TO- And be it enacted, that in case any rail
road OF canal company shall claifti deduction
on account OF any mortgage or debt secured
thereby, the said board are hereby required to
allow the SAINT Id the sases IN which and to the
extent TO which the assessor is Authorised hy
law to allow a deduction in the case OF any
otl er owner of mortgaged lands and thereupon
the said mort gaee and the estate of the mort
gagee in the laiid inBf EaEed shall be subj ct TO
taxation in the Same MANNER, rs hearly as ffiay
be, and at the same rate or rates as the estate
Of the norfgagor;- the deduction sha be made
pro rata ifoin tile VALUATION OF eaeh class Of
property covered BY the mortgage, and the
amount received from the taxation thereof
shall be distributed as II the tax had been paid
by the mortgagor without deduction.
IL. And b. it enacted, That if any railroad
or canal company shall claim q deduction in
any case in which snch ded ction could be
lairned under the twentieth section or an act
entitled "a further supplement TO an act
entitled CAR act concerning taxes,'" approved
April urteenth, eight en- hundred and forty
six, which supplement was approved April
eleventh; eighteen hundred afid sixty six, other
than the deduction last hereinbefore mentioned,
The said board are hereby REQUIRED toaIloyy the
same. and the sai 4 Indebtedness soa lowed shall
| h. tax,,ble q, other debts. owing to eresj;tors
residing in this state are taxable. and at the
sa,e rate. hnt the sssfssirlent thereof shall
be male by aid beard and not by the local
assessor. and the tax shall be paid 10 the
comptroller of the state. TO the credit OF the
| fund derived from taxation undrr this act: the
| deduction shall be made pro rata from the
valuation of each class Of property Of the
debtor nssessed, and all be distributed as if
| the tax had been maid BY debtor without
deductions provided, thai no deduction, either
for mortgage o. other ind btedness. shall be-
allowed unless the sane shall be applied for in
the report and statement required to be made
pursuant to sectioI tvventy-one of this act, and
unless the nature of this Indebtedness, and the
name and residence of the creditor, and
the different taxing districts in which the
mortonped land lies shall he snec,tied.
10 And be II enarted That tbe state hoard
Of assessor- shah mon the eompIetion of their
| valuation and asspssinet,t ,,roceed n commute
the tax mon the entire ns-essed valuation Of
each railroad co1nnanv. and Of each canal com.
pany. as ascertained ty them. upon such valu-
alton each connanv shall nav 10 the state for
state rurboses. a tax at the rafe Of one-haIf of
one per cent. acknowledgement each dollar of val.
nation. and the state board of assessors shall
commute the same: eaeh eonpanv shall also
nav in addition to said tax of onf-haIf Of one
ner cent q tax ar tha loc,l rate ss 1ired and
assessed for county and municipal purposes,
nnon other nrppertv in ea,h t,txinG district
unon the valuation n its nrone,tv IN the sew
eral taxinu diStr cts. .enaratelv valned a,'d
/ assessed nnder the ,rovi.ion- of subdivision
two Of section three Of this act which TN shall
also he connnted bv the stare hoard Of
assessors. b,t he last mentioned rate shall in
! no c,,ae sxce..5 ono nor cont ,,f tbs 1alration
/ nf tbs ,oiona-4,y ,rtal,ed ,,ndar +ha rro.
| S;.;on III s1nd;,is;on tI,1o ,f section tbree ~
| M AT. ,ba s,,,, ~ nc az,;,,.tas n, com
nnrptions for each 'counanv shau con.
ss+;t,t. .ha - VI IL ra;d ~ o,.b ,cronan,-
and shall be i lien ra,.a,nonnt IL Iii ofher liens
u,oa iii tI,e Iands and tanghIe ~ nertv ana
f,,,gl,is - r,ol o,,,o = th;s +a s,,oh
!; :, sbII .f,.ot ~, H. a.; o ~ Dac
b .,I :, - ~ ~ H., ,l,t; 5.;l ~ ~ .
nro,,s,- q, ed,:b and t fb 70, 90.
sasid so-a,,-t he Sare rdsr III. ,rox;s;,,ns
Of tn;s act sbIl he served mon the ,rea s,,rer If
:. SiS -. ~ ~ =.
fNfT ah,n.r kte
$50 III, at;o a1l ~, ~
iaiJ = 49, -srsod
~, ,I;s sa;d - Iii
J II ~ ~ 50
-, - 90 ~ -. 80. Fl, ~ nIS I;
o;.,, =, - t;o
e4sy 10y -. ~ s.ae 81 "
Preieireu ueoe III esse Vi insolvency, .nese
renledles are IN additlon 70 tne speclai pro,
Seeuins7 pIoFlaes- iol III tiiis acs' 1hAe II saio
Doaro upo- eoiipla.ht OF any company snail In
any case aseerlain ma. .no auui'ioi u lne
stat te lax OF one nan OF one per cent 70
ine locai laie az nillleu ln tnls ace "ouAu
com e. any company 70 pay more 'aA tnih ING
ta1 such COM any Woulu pay II snen company
olu not pay tne stare taA oi one-niil u oHe pei
cent, but did pay fnll local rates on all the
Properiles and franchises mentioned IN seeuon
three, without any tther exemption tnan such
as would be allowed to an individual citizen
on such property, that then a d IN such case,
the sad board snail make sncn deoncuon as
wall make me tax equal 10 tne amount mat
sucn company Wouid pay upon q Al me proper. :.
| ty I'd franchises mentioned IN secuon tnree II
assessed at mi local rates Withont any aye
tax OF one-nali OF one per cent me BOARD ior
me purpose OF a certainihg TINS amount, put
ior no other purpose, 10 pc anthonzed 10 ap-
portion the value OF the franchise among the
local taxing districts.
10 And be It enacted, 1hat the snld board
9.iaiA Soi'AJ oAu ASPoe " 10 "
the state, on or before the INST day OF December
IN each year, statement OF the assessed
valuation Oh the properly OF each company IN
the Suite, and OF the separate valnatlnn
oi pr perfy IN each taxing district' as mace
by them' the amount oi tax payaDie oy sucn
company with re pect 10 Us properly
separately VAueu IN eacD Ialng uislrlct
ana ihe aggfegate assesseu yaiuatioh, ana lnc
eoeau taA l ,ieu upon each company suen
sea.eilene snsii ''e inllue separa.ey ior es'Sn
ronll'iis, anu AZ . sl,la propely >, sesla'ely y
Ia. y a. y 4,
si, ilai,lel III y y Il y Easy au
s.h y Le.olIeu ~ DooAs ~ tliS oiilcc ~ .ne
$50 MI, oS III III '.ls'
49, II =
H.. L. 7h 80 80 s IL = ~, +
~ -. Ill g A a. ~
s,'',, ~, t,t ~. p,' ~
= I'm ~, - a. 49, -
.oMl,is' ~ sian % sne uu'y y u se sss:S us"su-
lVh 70 4eSONo sin-ne oi Io sfuu eoADs