The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1898-04-01

township described in said application a certified
statement, without delay, Of all local taxes as
sessed upon the descriptions OF property returned
delinquent for state and county purposes. And
shall be the duty OF such treasurer or other
proper officers To furnish such information to
such county treasurer as may become necessary
under the provisions of this act. which state,
ments when received shall be laid before said
board by the auditor-general.
Sec. T. Said board shall tax the property of
the several companies as assessed by II, at the
average rate of taxation as determined by IT, and
the amount Of tax TO be paid by each of said
companies shall be extended upon said ASSESS
ment roll opposite the descriptions OF their re-
spective properties, and the tax 80 extended snail
be paid TO the state treasurer by said companies
respectively on o. before the first Monday in
January following the assessment and levy
aforesaid, which tax when so assessed and levied
shall be In lieu OF all other taxes for state and
local purposes. not including special assessments
made In any county city, village or township.
comnanv or Coronation owning and operatipg a
railroad in the state, or owning and operating a
union railroad station and depot in this state,
whether under special charter OF the general
railroad Jaw the act to authorize the incOr-
poration of union railroad stations and depots,
or any other Of this state or any other state
or country, shall be deemed a railroad company
within the meaning OF this act.
Sec. .. Any person or persons JOINT Stock
association corporation, wherever organized
or incorporated or wherever residing, engaged in
the business OF conveying TO- from or through
this state or any other part thereof, money, pack
ages gold, silver, plate other articles by eX-
press, not including the ordinary lines OF trans
portaton of merchandise and property in this
state shall be deemed an express company with
In the meaning Of this act.
Sec. 10. Any person or persons, joint stock
association corporation, wherever organized
or Incorporated or wherever residing, engaged in
the business of transmitting TO, FROM through
or In this state, Geographic messages, shall be
deemed n telegraph company within the meaning
Of this act
association or corporation. wherever organized
or incorporated or wherever residing, engaged In
the business OF trnnsmlttlhs TO- IRON or I.oush
a telephone company within the meaning OF this
act
see IL Every railroad. express. telegraph
and telephone company defined In the pre-
ceding sections, doing business IN this state
shall annually, between the first and thirty
first days of May In each year. under the oath
of the president secretary, treasurer. superln-
terGcnt or chief officer OF such association OF
corporation, make and file with the auditor
general for the use OF said board In such form
as the audtor-general may prescribe. state
name of the company. . The nature OF the
company. whether person or persons, an asso-
citation corporation, and under the laws or
what state or country organized D. Inc ioca,
ton OF its principal office. 4. The name ana
postofce address Of the president, secretary,
auditor treasurer and superintendent OF gen
eral manager. .. The name and postohlce ad-
dress OF the chief officer OF managing agent OF
the company In Mlchlgan. o. Inc humoer OF
shares OF the capital stock. Z. The par value
and market value or IL there be no market
value, the actual value OF the shares or stock
on the first day OF May. :. detailed state
ment Of the real estate owned by the company
In Michigan where situated and the value
thereof as assessed If II Is assessed for taxa
tlon under any other law. q. A full and cor
rect inventory Of the personal property. includ-
ing money and credits owned by the company.
in Michigan. on the first day OF May. where sit
uated and the value thereof. 10. me total
value of the real estate owned by the company,
situated outside Of Michigan. IL. The total
value OF the personal property Of the company
and situate outside Of Michigan. IL. In case
Of railroad telegraph and telephone companies,
the whole length OF their lines and the length
OF much Of their lines as Is without and as
IL within Michigan. which lines shall include
what said railroad. telegraph and telephone
companies control and use az owners, lessees, or
otherwise IL. statement OF the entire eross
receipts of the company. from whatever source
Derived, for the year ending the hrst day or
May from business wherever done. H.
statement OF the gross receipts for the year
ending the first day Of May from whatever
sOurce derived, and Of each Office within this
state and the total gross receipts OF thu com
pany for such perior in this state 10. In case
81 express companies the whole length Of the
lines OF rail and water routes over which the
company did business on the first day Of May
and the length Of 30 much of said Lines Of land
and water transportation as Is without ana Is
within this state. naming the lines within
this state TO- Such other facts and in.
| form OF the returns prescribed by the auditor
! general. Blanks for making the above state
ment shall be furnished to such companies on
| application to the secretary OF sald hoard:
| Provided, howcNe r. That the reports hereby
! provided for shall not in any way relieve any
] OF said companies from making TIE reports row
| required 20 be made 10 other state officers: Ana
provided further, That the report herein required
| to be made for the year 1895 shall be made on
or before the first day Of September, 1SDS.
Sec. II. The franchises of companies as
scssed underGthis act shall be considered prop
! crty and said board shall a'sess the franchises
! and other property Of all railroad companies
! owning or operating railroads in this state at
! their true cash value. Ard in cas-" any OF
/ said railroad companies own or operate rail-
/ roads partly within and partly without this
/ state said board shall. for the purpose Of taxa
/ ton. only asses0 said company for the fair
! proportion which its franchise and property in
| this state bears 10 It's entire franchise and
/ Soc H. said hoard shall ascertain and assess
n1r oil nrrtFtp .t
/ Telegraph and telephone companies doing bust
ness In this state az It's true cash valus. AID
/ In this state. to be taxed within the state an
! assessed az herein provided. said board shall b
/ pu.dod hv me value Of SAID property as deter
| mined by the entire capital STOCK Of said COM
/ panes and such other evidence as VIII endo.c
! the entire property Of said companies within
! this state in the proportion which the same
| os determined by the value of the capital stock
! thereof and such other evidence.
! Sec. 10 In case any company fails or refuses
| to make the statement required bv mis- act Or
! 20 furnish any information requested. the hoard
shall inform Itself as best IT may on me matters
! necessary TO be known IN ORDER 10 dscharge ~
| duties with respect to the assessment OF the
! property OF said company.
Sec. 10. AT any line after the meeting o.
! said board In September as,above provided and
/ before the assessment Of ths property Of any
such company Is determined, any company or
person interested shall have the right, on writ.
J ten application, to appear before said board
/ and be heard as to the valuation OF the prop
! erty OF said company and said board may. on
| such applca ton or on its own motion. correct
! the assessment valuation Of the property Of
| any such company person In such manner a.
! will in ito judgment make the valuation thereof
! Just and equal
| Sec IL In case any company required TO III
a statement under the provlsOns OF this act fails
! 10 make and file such statement on or before
! the thirty-frst day of May or In the year 1898
! on or before the first day OF September, sucN
| company shall be subject to n penalty OF $500
| and an additional penalty OF 500 fer each days
omission after the day prescribed for the making
! OF such report, to file such statement.
Sec. Is. Said board shall not include In its
! assessment against said companies any prop
! erty assessed upon its value for taxation under
! any other law in this state
| Sec. 10. All taxes collected under this act
| shall be applied I'm paving the interest on the
primary school. university and other educational
FUNDS and the interest and principal OF the state
| debt in the order recited. until the eXtinguish-
! ment OF the state debt other than the accounts
| due TO educational funds. when such taxes shall
| be added and constitute part of the primary
/ school interest fund. and such taxes as are
collected under the provisions OF this act shall
| be treated and disbursed specific taxes are
| now treated and dIsbursed.
| Sec 90 IL shall be the duty of said board u
| make and prepare assessment roll setting
| forth the valuation and assessment and the
| taxes assessed upon all property TO be assessed
| and taxed under the provisions OF this act am