Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-10-16

Twelve U GLoEk UAtIlAlhu Ou TIC
first Monday in March.
SEC. TO- All property, except railroad prop
erty, as hereinafter provided, shall be assessed
in the county, city, city and county, town, town
ship or district in which IL is situated, IN the
manner provided by law. Every corporation
and person owning or operating railroad, or
any portion thereof, in this State shall, on or
before the first day of July OF each year. pay TO
the State Treasurer an annual tax OF two and
@ half pee cent upon the gross earnings, earned
within this State of such railroad, for the year
ending upon the thirty first day of December
next preceding, which tax shall be in lieu Of
all other State and county taxes upon the fran
chise, business, right of way, roadway, roadbed
rails rolling stock, fences, stations and their
appurtenances, and upon ferryboats, when 0p-
Grated as g part of such railroad, and upon the
shares of the capital stock, and upon the mort
cages, deeds of trust, contracts or other obltga-
ton by which a debt is secured upon such prop
erty. All other property belonging to such cor
poratiOn or person shall be assessed and taxed
as other property is assessed and taxed. The
gross annual earnings earned during the year
ending on the thirty first day OF December last
preceding, OF all railroads, shall be, annually,
before the first day of May thereafter ascertaDed
and declared by the State Board OF Equalization,
under such rules and regulations as may be pre-
scribed by said Board; pr0rited, however, that
the Legislature may at any time pass laws pre-
seribing said rules and regulations. In all cases
where railroads are situated partly within tins
State and partly without this state, the gross an
determined by taxing:
First The gross earnings which, during the
yesr last preceding, have been earned wholly
within this State.
SecoHd-Ths gross earnings which, during the
same year have been earned parity within THIS
State and partly without this state which shall
be ascertained By appOrtioning such earnings
between this State and other States or Terrific
sak NhQ aka.r fNT
miles OF E1lch railroad situated in this State and
used In making such earnings, bears 70 he
whole number of miles thereof, by the use OF
which such earnings have been made Inc pro.
portion OF interstate earnings thus ascertained
Ehall be added 70 the earnings made wholly
within the State, and the total thus obtained
shall be taken and deemed 20 be the gross earn
iugs Of such railroads Tor Ell puTPoses OF assGs
ueus and taxation. For every purpose OF this
section, except for the purpose OF ascertaining
the proportion Of interstate earIln IS 70 oe edoso
to the earnings made wholly within this state,
all railroads operated as one system shau oe
treated az one road One-third of the tax paid
by corporations or persons owning or operating
railroads under the provisions OF this section
shall become part OF the General uno OF MS
the county or counties in which said railroad Is
situated, In proportion 20 the length OF the rail
Rad operated in the several counHes. FOR the
PURPOSES of this section consolidated city and
county shall be treated as county. ANY corpo-
ration. association, partnership, person or per-
sons, unlaWfully failing or refusing TO pay the
tau herein provided when the same shall be-
come due OF within thirty days thereafter, shall
be deemed 10 have waived their right 70 operate
their railroads within this State. The taxes
herein provided for, together with such penalties
as the legislature may impose for the non pay
mept thereof shall be q lien upon the property
hereinbefore in this section designated, and may
be enforced In such manner ss the Legislature
may by law prescribe All railroads, 20 far as
the same are situated within the boundaries Of
any common school district, shall be subject to