Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1890-12-08


. gage or investment company, or an agent OF 3
foreign insurance, loan, mortgage, or invest
ment company fails TO make returns as requlr
ed by this act or it a foreign insurance. loan
f Mortgage, or investment company fails to pay
tax as required by this act. the commissioner
of state taxes shall notify the insurance com
n1issioners, or inspector of finance OF this state
? and such commissioners Inspector OF finance
shall thereupon revoke the license of such com
pany and its agents to do business IN tins state
Notice and publication of such revocation shall
be made two weeks successfully in some news
paper published in Montpelier
Sec. 10. Taxes and penalties imposed by
this act shall be recovered with costs In an
action of debt in the name of the state and
may be returnable IN the county court IN any
county of the state. The Commissioners OF state
taxes shall cause such suits to be instituted
within sixty days after default in making re-
turn or in paying a tax. The amount OF taxes
assessed and penalties accrued up to the time OF
trial may be recovered IN suit; but wnen the
commissioner of state taxes is satisfied that
/; default was owing TO a failure OF receiving
blanks, or other reasonable cause, he may re-
nit the penalties accrued, or extend the time
for making return paying a tax, not exceed
ing thirty days.
RAILROADS.
Sec. IL. Every corporation, company. per
persons owning operating railroad
IN this state, shall make returns to the COM
missioner of state taxes, of the amount OF the
entire gross and net earnings of such corpora
tiOI- company. person persons ana II any
portion Of such railroad is w5sfleut this state,
sueh statement shall give the amount of the
gross and net earnings per mile of such road.
such statement shall also give the length of
the entire main line of road the number of
miles thereof IN this state, the kind and weight
of rail used ON its main line, the kind and num-
Der of ties per mile, the kind of ballast used
the number of miles of side track Including
tracks in its yards list of its equipment, the
amount and value OF its capital stock, its fund
ed and floating debt, its bonds secured by
mortgage or other securities on the property of
such corporation, company, person or persons.
and the market value of its said stock and
boHos, and the amount of dividends, interests
Indebtedness paid annually or semi-annual-
ly. In case any railroad is leased and operated
by the lessee, such statement, In addition to
the foregoing, shall give the amount paid for
rents thereof, and such corporation, company,
person or persons operating said railroad
shall state any other matter that shall be re-
quired by the commissioner of state taxes to
carry out the provision of this act. This state
ment shall be made, sworn to, and returned as
aforesaid, or before the first day of Septem-
ber 1884, and whenever required by thes COM
missioner of state taxes thereafter, not exceed
ing once IN two years. and shall in all things
conform to the provisions of this act.
APPRAIsALs OF RAILROAD PROPERTY
Sec D. 1t shall be the duty of the commits
sioner of state taxes to appraise the property
and IN so doing he shall take into consideration
the corporate franchise of each corporation,
company, person or persons owning operat-
ing railroad III this state, at its fair and just
value, as soon as may be after the receipt of the
ret,rnS aforesaid, not later than the first day
of November annually, which said appraisal
shall be taken to be the true value of such rail-
road. its rights, corporate franchise and prop
erty IN this state for the purposes of taxation.
Sec. 10. 1t the line of a railroad extend be-
yond the limits of this state, its whole valuation
aScertained As aforesaid shall be divided by the
number of miles of its entire main line, and
the amount thus obtained shall be taken TO be
the value of such railroad per mile, which said
sum, multiplied by the number of miles in this
state, shall be taken to be the true value of
such railroad, its rights corporate franchise, and
property in this State, for the purposes of taxa
ton.
Sec. IA. A tax of seven-tenths of one per
cent. is hereby assessed upon the appraisal OBJ
tanned as provided in the two preceding sec
tons against each company, corporation, per
son or persons so operating a railroad IN this
state on the 30th day OF June preceding such
appraisal, one-half of which shall be payable
to the state treasurer before the fifteenth
of Novembar annually, and the other half on
or before the fifteenth of May annually.
Sec. -. 1t shall be the duty of the commits
sioner of state taxes to notify the company,
corporation, person or persons aforesaid OF the
amount OF such appraisal; and the amount OF
the taxes assessed. immediately after the same
has been appraised and assessed.
See. 10. 1t any party, Including the state,
represented by the state treasurer), is ag-
ssFIeVSd IN the premises, he or 1t may appeal to
a commission consisting of the lieutenant-gov-
ernor, the auditor of accounts and the secretary
of state. who shall be sworn to the faithful
performance of their duties, and whose duty it
shall be to hear such appeal, and they shall
have power to grant relief In the premises.
Their decision shall be final Said commission
shall establish such rules and regulations rela-
tive to time, manner and method of taking,
hearing and determining such appeals as in
their discretion shall be just. The costs of
such appeal shall be paid as said commission
shall determine.
Sec. II. Any corporation, company. person
or persons owning operating railroad in
TINS state may annually pay to the state in lieu
of the tax assessed In section fourteen two and
one-half per cent on its entire gross earnings,
ii such railroad is situated wholly within this
state, and If situated partly within and partly
without this state, then such two and one-half
per cent. on gross earnings shall be upon such
proportion of the entire gross earnings of such
railroad, as the mileage of trains in this
{ state bears to the mileage OF all trains run on
= the entire main line of such road for each six
months period, and shall make returns and
: payments provided In sections three, four,
! five and six of this act.
Sec. 49, If a corporation company person
r or persons owning or operating a railroad in
: this state shall accept of the provisions of the
preceding section OF this act it shall be his or
It's duty. whether as owner or lessee, to make
returns OF the gross earnings of said railroad as
provided for making returns in this act, and
within thirty days of the time of making such
returns, the corporation company, person or
/, persons making the sameshall forward to the
state treasurer the amount of such two and
one-half per cent. for the period covered by
said returns.
LEASED ROADS.
Sec. 10. When railroad is operated in this
state by person persons, company or cor
poratiOn, by virtue of lease or other contract,
the aforesaid taxes or payments on gross re-
eeipts shall be paid by the lessee of such rail-
road. or holder of such contract. as the case
may be, and such taxes or payments ON gross
receipts, shall be charged against and deducted
from any payment due or to become due the
lessor of such railroad, person or corporation
granting such contract, as the case may be; UNI
less In the provision of such lease or contract,
it is otherwise expressly Stipulated and the
party who ultimately pays such tax shall be
construed to be the party whip may accept of
eighteen.
5 TELEPHONE COMPANIES.
Sec. 20. Every corporation joint stock COM
! pany, person or persons doing telephone BUSH
ness in this state, shall pay tax to the state,
which is hereby assessed, at the rate of three
per cent. annual Y on the gross receipts of all
their business earned wholly within this state,
including sums received for rental of instrIl-
1nents. But there shall be deducted from such
gross receipts the amount paid BY such corpora
ton, company or persons to any telegraph conn
pany with whom they connected for the
transmission OF messages.
TELEGRAPH COMPANIES.
Sec, 81. Every corporation, company, per
son persons. owning operationg tele-
graph line or doing telegraph business in this
state shall pay a tax to the state treasurer,
which is hereby assessed at the rate of ten per
cent. annually of the gross receipts of all their
business. and earned wholly within this state;
and it shall be the duty of such individuals,
firm corporation, TO make returns and pay
nents of taxes as provided by sections three,
four, five and six of this act.
SLEEPING CARS.
See. D. Every corporation, company, per
son persons, owning operating sleeping,
palace, other cars for which extra compen-