The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1890-12-12

& Z I'D ID -
SEQ. Q. III fesslsa insasanes. Ian. nses
gage or Investment company, ~ - assat Of
irsnt compsny fcils to mako istarss = ssqul
; ID BY this aef, o. u tossisn iusu!A.ss, loa
{ mo, tgage, or investment company falls 10 ps
. tax q required By this est, the oommiaslon
o. stas taxes shall notify the Insurance. oon
mi.siuMsrs, or inspector Of 9nanos a this stat
snd such oon,mlaslorsn q i.spsotes q anaae
pany and its agents. 10 do business In this STAT
Notice and publication Of such revocation sha
be made twu weeks succeaaivsly In some new
paper published In Montpelier.
SEQ. TO-. Taxes and penalties imposed
this act shall DO recovered with costs In Z
action Of debt IN the pane Of the state IN
county Of the state. The commiasioner Of stal
taxes ahall cause such suits 70 be institute
within sixty days after default In making n
turn or In paying tax. The amount OF taxa
assessed and penalties accrued mp TO the time q
trial may be recov sred In suit; but when th
commissioner Of state taxes II satisfAed thu
default was owing to . failure Of receivin
UlMuk1s Ut CIV ftA8Uu8U10 C8UDos Uo uuUy
init the pen l..ss accrued, or extend the tim
for making return or paying tax, not exceed
ing thirty days.
SEQ. II. Every corporation, company, pei
son or persons owning or operating rAilroal
in this state, shall make returns TO the com
miasioner Of state taxes, Of the amount OF %
entire grus and net earnings Of such .ccrpora
tOO and II 0WV
portion Of such railroad IL without this state
such statement shall give the amount Of tn
gross and net earnings per mile OF such road
Such statement shall also give the length Q!
the entire main line Of road, the number Of
miles thereof in this state, the kind and weight
Der Of ties per mile, the klnd Of ballast used,
the number Of miles Of side track GncludinG
tracks in its yards) list Of it, equipment, the
amount and value OF it, capital stock, it, fund
ed and floating debt, it, bonds secured by
mortgage or other securities ON the property Of
such corporation, company, person or persous,
bonds, and the amount Of dividends, Interests
or indebtedness paid annually or semi-annual-
~. In case any railroad i 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 70 operating raid railroad
shall state any other matter that shall be re-
quired by the commissioner Of state taxes ia
carry out the provision Of this act. This state
ment shall be made, sworn to, and returned a.
aforesaid, on or before the first day Of Septem-
Der. 1891, and whenever required by the 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.
APPRAIsAIs OF RAILROAD PROPERTY.
Ia 10 Il .hou L. A., lrA,- - Al. ,r.,,,,,s~-
sioner Of state taxes to appraise the property
and in 80 doing he shall take into confederation
the corporate franchise of each corporation,
company, person or pers0ns owning or OperAt-
ing railroad in this state, ct its fair and just
value, as soon as may be after the receipt Of the
returns aforesaid, not later than the first day
Of November annually, which said appraisal
road, its rights, corporate franchise and prop
erty in this state for the purposes OF taxation.
Sec. 10. If the line of q 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 it's 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 oh
tanned as provided in the two preceding sec
lions against each company, corporation, per re-!
state on the 3Oth day Of June. preceding such
appraisal, one-half q which shall - payable
to the state treasurer on Or before the 6fteenth
Of November annually, ard tho 0thsr half o.
Or before the fiftesntk II May annually. I.
SEC. y. 4 shall y the duty of The eommis-
lionsf Of stats taxes 70 nOtify tn company,
amount Of such appraisal, and the amount q
the taxes assessed, immediately after the same
has been appraised and assessed.
Sec. IL. If any party, Gncluding the state,
by the state treasurer), i ag-
yrieved in the premises, he or it may appeal to
4 commission consisting Of the lieutenantgov-
srnor, 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-
live to time, manner and method of taking,
hearing and determining such appeals as in
such appeal shall be paid as said commission
shall determine.
Sec. II. Any corporation, company, person
,r persons owning or operating a railroad in
his state may annually pay to the state in lieu
y the tax assessed IN section fourteen, two and
,ne-haif per cent. on its entire gross earnings,
such railroad 's situated wholly within TINS
tate, ana II situated partly within and parity
without TINS state, then such ~ and one-haif
per cent. on gross earnings shall be upon such
proportion OF the entire gross earnings Of sacn
tate bears to the mileage Of all trains run On
he entire main line Of such road for each six
months period, and shall make returns and
I've and ain Of th;s act M
sec. 70. 2 corporation. company, perscn
= persons owning or operating 9 raiiroea IN
ms state shall accept Ct the provisions q the
preceding secnon OF TINS act, It snail % NM OF
t. duty, whether e owner Or lessee, 70 make
etu!ns 81 the gro: earnings Of said railroad Z.
provided for making returns " this act, and
WITHIN thirty days OF the time OF making such
'eturns' the corporation, company, person Or
PERSONS making the same ANAL forward 70 the
tate treasurer the amount OF sncn two and
'ne-haif per cent. for the period covered BY