Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-04-21
Mr.. Mcknight Gives the Super
visors an Opinion
ON TAXING OF MORTGAGES
How the Work of Assessment Should BE
Performed - Standing Committees
Named-The Court House.


SPECIAL Court House Building Com.
mittee-R. B. Loomis. j. w. Walker,
John Hill. w. d. Frost. j. T. Gould.
Special Poor House Buildlng-N. d.
Emmons. c. L. Hogadone, John Kin
ney.
Special Vault Fixtures-l. A. Solo,
mon, +. L. Skeels. Simon Sullivan.
Standing COMMITTEES
Finance-Colson, K. Z. Woodwork,
w. +. OLeary.
Public Buildings-Benjamin, Page,
Ulricb, Bramen, Looms.
Equalization Watkins, Proctor.
Hodges, Frcst, W. +. Woodwork. sui
liyan, Smits, solomon, Leppink.
Claims-Skeele, Lee. Lindermulder,
HYDE, Gill.
Sherif's Claims and Justice Bills
Ladner, Ward. Gould, C. II. Smith,
Hill.
Rejected Taxes -schernierhorn, La
throp. Holden.
Roads and Bridges-Rosenberg, Fehs-
enfield, Warner, Potter, Page.
Drains-kinney, Llndermulder. Eni-
mons.
Education and Members Psy-David
Walker, SchermeihorD, Bramen.
Resolutions aud Rsfersncss
Bv resolution Contractor Doren's
claim Of $1,000 was referred hack 10 hlm
with instructions TO notice the previous
action of the board.
The committee having under con-
sidcIation the petition of the Valley
City Transportation company, asking
that the Chicago * West Michigan Rail-
way company be compelled TO con-
struct draw bridge across the river,
recommended the following:
Resolved. That the c. d w. NJ. Rail-
way company be and are hereby
ordered 10 forthwith construct the
necessary draw in their bridge over
the west channel OF Grand river, there
by enabling the Valley City Transport
alton company to reach their dock"
The resolution was adopted.
Supervisor Sullivan introduced
resolution that committee OF five be
appointed TO draw up series OF ques-
tions relative to the new tax law to bc
propounded TO the prosecuting sttor-
ney. Prosecuting Attorney Mcknight
was present and was made target for
fusilade of interroganons. super
visor Loomis sald no man could answer
questions put to him so fast and
thought it advisable TO wait TIL the
afternoon, and allow the attorney 10
present his views in writing.
Attorney Barry OF the Lake Shore
railroad stated that his compony de-
sired TO construct an iron drawbridgc
to replace it's wooden bridge. Because
of the factthat it ia necessary 10 adver-
tisc it's intentions. the company wanted
10 know the date to which the board
would adjourn 70 that it could be In
serted in the advertisements. Super
visor Looms suggested that the new
court house must be accepted before 1t
could be moved into, and named June
s. This did not meet with the approval
Of all and while the matter was being
discussed recess WAS taken till .
O'Clock.
Afternoon Session.
The committee on drains having un-
der consideration the kick filed against
the drain commissioners asked and was
granted further time.
Supervisor Benjamin said the time
had arrived to make arrangements for
the dedication of the new court house.
With that end in view he made mo-
ton, the embodiment of which was
that the committee on public buildings,
the building committee and five clti
zens lie appointed to make necessary
arrangements. Supervisor Gill offered
as substitute a written resolution,
which made provisions for the appoint
ment of the building committee, i've
members Of the board and five citizens
with instructions to make all necessary
arrangements This was adopted.
Sups rvlsor Loomis moved that when
the board adjourn il he until the last
Monday IN June. Supervisor Circh
amended the motlon hv making the
time June %. The motion as amended
was carried.
In regard TO the selection OF FIVE clti-
zcns to act on the dedication commit
tee. Supervisor Gill moved that the
building committee and the five mem
bers of the board he empowered to
make the choice. Supervisors skeele.
Colson, Hogadoee, Page and Ulrich
were appointed by the char TO act with
the building committee. The building
committee was empowered to purchase
necessary carpets for the new court
house.
Mortgage Tsratiss.
In regard 10 the questions referred to
| the prosecuting attorney at the morn
ing session relative to the new tax law,
Mr.. Mcknight said that he had ss-
amined two or three OF them. Az 10
| the manner In which mortgages held
by building and loan associations were
10 be assessed under ths new law, be
had iearntd that the subject had been
fully discussed when the act psssed the
legislature, and loan associations were
exempted. Later this law had been re-
pealed. Now the construction OF the
Iaw was 10 the effect that all mortgages
held by building associations should be
taxed. This did not interfere with the
associations making private arrange
msnfs with the mortgasee. The
mortgages held by the Michigan Trust
company were similar and should be
assessed. As an ILLUSTRATION ne sup
posed that the company was incor-
porated with q capital stock of 5000 :
| 600. OF this amount $4,000 was in
vested in mortgages. The latter
amount should 10 assessed and then
deducted from the 800 900. After
I this was done. 80 600 would remain.
, THIS should he assessed. and that
would cover the Whole amount. In
/ respect TO those who refused 70 render
sworn statements. Al estimsfe cOald be
made bv the superrisor IL this was
too high. no one would be 70 blame.
Rot the property owner himself.
SureYv5ssr Gould sad he didn't
know What cs,fsci0sion rad been ar
frired st. He dsdn'a know whether the
ether nsersb~vs vess gone 20 sssess the
/ fufi cssh vsluz>6r not He dsen't wsn
Il . -. 4