The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-18
/ Tho tax provided for IN this article shall be
| In addition to all other taxes levied by law.
CHAPTER SEVENTEEN.
A TAX on the FRANCHISES Of Corporations;


A TAX on the Franchises OF Corporations:
Article.
Franchise defined ....................... 5235
Value OF franchise, how ascertained... Slsos
Value OF franchise OF associations not
Incorporated, how ascertained. 6z31b
Required to make reports requisites OF ogSsc
Not TO apply to railroad corporations. $500
Article 5235. A franchise, right, authority
or permission shall, for the purpose OF taxa
ton be deemed to include the tangible prop
erty OF any person. co-partne-ship, associa-
ton. corporation, or limited partnership, sit
uated in and DOING business under the laws
OF this State.
Art. 5235s. In ascertaining the value OF any
franchise subject TO taxation under this chap
ter. the assessor shall add together the value
of the capital stock and funded or bonded
debt OF any corporation, association, or linn
tied partnership. as shown in the sworn state
ment required TO be made TO him IN article
5255c. and shall deduct therefrom the value
Of real and personal property rendered tor
taxation by such firm, corporation, sssocia-
ton. or limited partnership, and the residue
shall be deemed the value of the franchise
owned, and shall be subject TO taxation in
that amount as such.
Art. 5235b. Persons associations OF per-
sons, Joint stock companies and limited part
nershps having no capital stock or funded
debt and owning such franchises. the valua-
ton to be ascertained and measured by the
earnings. and by the amount OF pront made
aud declared in dividends. or carried into
the surplus or sinking fund accounts, sud
the discretion OF the assessor and the board
OF equalization at the sum at which such
earnings would pay 9 per cent interest en-
and from the value so ascertalned shall be
deducted the amount OF real and personal
property rendered for taxation by such per-
son. association. joint stock company or lin
tied partnership, and the residue shall 90
deemed to he the value OF the franchise and
as such assossable for taxes.
Art. 5235c Every person copartnership,
association, Joint stock company, corporation
o. limited partnership, subject 10 taXation
on franchise. shall on or before the first
day or March IN each year, or within thirty
days after such frauhcise IS acquired, make a
written statement to the tax assessor Of the
county where such franchise is situated. CIV
Ing a full description Of every franchise nos
scssed or enjoyed by such person. co part
nership, association. Joint stock company, cor
noration or limited partnership and also show
ing:
J The amount OF authorized capital stock.
= The amount OF paid UP capital stoct
and the value thereof
3 The amount OF funded or bonded del,t
and the value thereof
T. The value Of any real estate and the
improvements thereon
:. The value OF any personal property.
D me condition. obligation or burden I'M.
n9seu on any franchise owned. or under
when the same is enjoyed together with such
other information relating to the value OF
assessor.
"'+''A4''oiStlNln COURT, W1eO SltUnG
n board OF equalization may require n nir-
lher or supplemental report from apy such
ptrson, CDpartneTship, assuclation corporn-
loh or limited partnership. containing In
formation ana data upon such matters an thrv
may need 10 ascertAinlnc the true and oor
IeCt NRiIe OF any property or franchise n.ld
or uWued by them. Every statement reuuirrd
~ tuls article shan have annexed thereto rus
d 'uuaNlt oil the president, vice president sec.
'talS OF treasurer or the copartncrship a..
ew' ,atlnil', corporation, Joint stock company
vi Hmted partnership. or one OF the persons
W INC ~ the members of the partner,bip
,~Nh.i'b lDe shme, TO the eteu; that the slatc-
meht ls true. The comptroller shall nrennr,
piahhs TO be used In making tho report, ro-
dure1 by this article aud shall furnish Tho
'ulue 10 the assessors OF the sevcral conn
US ~ lhe Time other assessment blanks ar,
S"ppiieu' Every person, copartnersbip os
1uc'nuon, JOINT stock company curporatinu
oi limited partnership. falling TO mako H..
o,a'eil'eht REQUIRED by this article 10 the
-, atsI, or iaiiing to make any special
a,aSeiiitnt required by the Assessor or th,
49, ~ court within time speriHed
" the assessor or said commissioned 80,
,,,a, ioiitt 10 the state the sum of slO0 far
nffe.y such fnuure. and the additionai s,1,
OF - for each day such failure com,b, S"i"
~ snail be the duty OF tho county at,n"i,,,
10 sue Tor the recovery of the ucnaItios bortIs
i nsneloued and said attorney shall reec, 40 80.
i. ~ I"Pehsauon Tor his services Pa nor rsn. ." ~,
res ana penalties collected nv him f ~"
this article ~ requirements OF
- Hrt, o-5od The provisions NJ this cb,n,o,
',d not intended 10 apply 10 raiIrond 's