The Leon reporter. (Leon, Iowa) 1887-1930, 1900-04-12
new IOWA LAWS
MANY IMPORTANT CHANGES MADE

General Resume of Work of the
Retiring Twenty -eighth
General Assembly.
With the adjournment of the Twenty.
eighth general assembly many new laws
are left upon the statute books of Iowa.
me number cannot be exactly ascer-
y tanned at this writing, as the enrolling
clerks of the two houses are still at work,
p put there win be between two and three
4 hundred of them. Most important of the
new laws are the ones relating to taxa
en aneq 4hn the INSURANCE nee taSasion
age system OF taxation to express COM
panies. and tn others providing for the
taxation OF telegraph and telephone cor
porattons as the railroads of the state
are now taxed Then there Is the re-
vision OF the building and loan laws in
sociation as they have never before been
x restricted in Iowa
Next to these in Importance are the APP
preparation measures, the largest in
years, because of the healthy condition OF
the state treasury and the large demands
mace; AS nearly as can be estimated the
lions will exceed somewhat the sum of
l,4o0ooo. OF course the biggest items are
the board Of control appropriations which
aggregate 1854, 17493 and those for the ed
uca tional institutions amounting to S4i1,-
E 500 1t is believed that the special appro-
exclusive of the levy of one-tenth of a
mill for the State University and Agr.cul-
tural college respectively. This is lower
than it had at first been expected but
is due to the fact that some of the larger
appropriations, including the SS6o,oo0 for
Cherokee hospital, We're made available
in different years.
Among the important measures passed
Is i, the TITUS Joint resolution lroyiding, for
to the people next fall at the general
election. The hunters license law, the
voting machine BILL the anti-prize fight
measure. the two pardons granted, and
the establishment of a reformatory for
women are among the miscellaneous mat
tiers of statewide Interest. The NEWS
prints a synopsis of the new laws this
evening, Those containing publication
clauses are already laws. The others
will go into effect in July.
Building ana Loan Bill.
8. F. sn..Recodifes the building and
loan laws of the state. This bill provides
that no building and loan association shall
Y issue fully paid stock or guaranty stock;
Of stock out. they must retire tif it by by Jan
4 uary 1, 1901. All expenditures and eN-
penses Of these associations must in the
premiums earned. the expenses in no case
to exceed per cent per annun on $4,000
ana sent and % n noS more Ore
than ~ per cent upon amounts between
100000 and 100000. In no case shall such
for delinquencfes. Withdrawing members
shall receive all dues paid in unless there
mas been a loss, when 1T will be necessary
for them to share in such loss as other
members do. BY a vote of three-fourths
Wi G. directors of any association. nom
Of fha n M d5ssembers may be compelled to
limit. tho Of s9 per eng paid boo. vaine: One
interest rate wl, slfin IT, PROV sion5 is the the
these ASSOCIATIONS in the PlaGea on t hs
tons Of this kind may con- ol,,ff-s.4saa ia la
dation by some plan agreed upon II {
plan cannot be agreed uDon. the attorney
general must be applied to, and he vii
action must be approved by the courts
An ASSOCIATIONS must change their articles
TO conform to this law by July 10. 1900.
Insurance Taxation Bill.
S. "a S52--Ways and means commit
tee bill-Proyides new law for the tay-
alton of Iowa insurance companies
Ihe bill leaves the one per cent tax OF
gross receipts of thesoe7 ST., companies, pro-
y sbaea for under TIN this logtovernx i
imposed on all companies, except cor
porations organized with capital stock
fciary mutuals, and fraternal bene
pecuniary prifit. For the purpose o
the local assessment these companie.
are to furnish the district assessors OF
or before January 16 of each year,
statement which must be duplicate
of the statement required by law to b.
made annually to the auditor of state
viz, detailed statement of all it,
property and assets and the amount o
each item, including surplus, guaranty
and reserve fund and the amount O
each. And all this property is to b,
assessed as the property of private in
dividualS under section 1906 of tn,
CODE. In taxing the moneys and cred
its of every insurance corporation, ex
cept county mutuals and fraterna
beneficiary associations, not organized
for pecuniary profit, the debts and liza.
bilities are to be deducted as provides
for in section 1911 of the code, but il
aseertaining the Indebtedness or liabil.
ity of any such corporation. a deb
@ shall be deemed to exist on account OF
its liability on the policies. certificates
or other contracts of insurance issuel
by the company IN question, equal t.
the amount of the surplus or otha1
funds accumulated by such corporation
pursuant to law, its contracts Of insur-
ance or its articles of Incorporation fo1
the purpose of fulfilling it's policies
certificates or other contracts of insur
ance, and which can be used for ne
other purpose. All companies paying
to the state treasurer by May L. 1900
the amount which it would have beer
compelled to pay the treasurer had this
act been in force prior to that date
will have its annual certificate reis.
sued. The local tax, which may have
been assessed against the companies
before this law went into effect is tt
be corrected TO meet the demands Of
the new law On presentation of the re-
ceipt from the state treasurer that the
one per cent tax is paid. Any com.
pany failing to do this is not relieved
of any local or municipal tax hereto
fore levied. Publication clause.
State Department of Agriculture.
S. r. 165--Creates a state department
of agriculture, under which is to be
grouped the local agricultural societies
that, receive aid from the state, the
weather and crop service, the dairy
commission and the state veterinary
department. The department is to be
managed by board called the State
Board of Agriculture. consisting of a
president, vice president, secretary and
treasurer, and one director for each
congressional district, in addition to
the governor, president of the college
OF agriculture, dairy commissioner and
state veterinarian. The board may hold
state fairs, and stae farmers institutes
in connection with the annual conven-
ton in which delegates from each de-
partment under the department are en-
title to representation. 1t is to have
supervision over all kinds of agricul-
tural interests. investigate all subjects
Connected Herewith, and reports Of con-
tagious diseases among domestic ami
mails, destruction of insects and dis
eases affecting vegetation. The Iowa
arpcn1tIral citation t1