Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1900-04-12
new IOWA LAWS
MANY IMPORTANT CHANGES MADE
General Resume of Work of the
Retiring Twenty-eighth
General Assembly.


Retiring Twenty eighth
General Assembly.
With the adjournment of the Twenty
eighth general assembly many new laws
are left upon the statute 'ooks of Iowa
1he number cannot be exactly ascer'
tanned at this writing, as the enrolling
clerks of the two houses are still AT work,
but there viii he between two and three
hundred OF them. Most important of the
new laws are the ones relating to taxa
ton, including the insurance taxation
measure, the law applying the unit mi e.
age system of taxation to express COM
panieS, and tn others provid nS for the
taxation of telegraph an telephone cor
porations as the railroads Of the state
are now taxed. Then there i the re-
vision of the building and loan laws, il
Guiding the measure restricting these as
sociatOnS as they have never before been
restricted in Iowa.
Next to these in Importance are the APP
prof Ration measures. the largest in
years, because of the healthy condition OF
the state treasury and the large demands
made. As nearly as can be estimated the
amount Of all extraordinary appropr a.
tons will exceed some what the sum or
S,4C00G0. OF course the biggest items are
the board of control apprOrl atoms, VII ca
aggregate $1H, 11i.& ana those for The ell
ucationol Institutions amounting to |lL-
Suo. II Is believed that Ia" special apprn-
pliatiOns can be net by levy Of - mills,
exclusive of the levy Of onc-tcnth Of a
mill for the state tn.v"Ts ty md ASr-cul-
tural college respectively. This is lower
than 1t had ut first been eNnertcd. but
is due to the fact that some Of the larger
appropriations, .ncIHdin% the %GO,WO for
Cherokee hospital, were made available
In different years.
Among the Important measures passed
Is the TGuS joint resolution providing for
biennial elections in Iowa which will go
TO the people next fall al the general
election. The hunters license law, tine
voting machine bin. the anti-pr.zc fight
measure. the two pardOnS granted. and
the establishment of a rpfUrmItory for
women ar" among the mi celIaucous mat
tiers of stdte-wd" interest The NEWS
prints a synopsis Of the new laws this
evening. Those containing nuhltration
clauses are already laws. Tho others
will so INFO effect in July.
Building and Loan Bin.
s. F. 311-Recodlies the building md
loan laws Of the ,latc. This h1l provides
that no building and loan association sail
issue fully paid stock or guaranty stock
If these associations haV" any OF this n |
Of stock ont, they mast retire 4 by jan
uary l, 1881. All expenditures and cN-
pCnSeS Of these a -sO. 'inti0n$ must In tie
fixture be taken out Of the Interests {. 4
premiums earned. the expresses in no c"sa
to exceed per cent per annum on Sl00.Ol
EOr more than 2L per cent on sums be-
tween 100000 and 10000. and not more
than 2l4 per cent upon amounts between
$%10dO0 ana see 0O0. In no ca - shall such
Tenscs IN one year exceed $l2G0N. The
wv. law also provides very mail fine
.Or d"lruuCTriiS. withdrawing members
shall receive al dues paid in unless there
has been loss. when it will b" necessary
for then to snare in such loss as other
members do. ~ vote Of thr"N-FOurt rs
Of til" directors Of any aSsnciItiO1. nom
bOrrOWirG members may he COmOrllcd to
withdraw by being paid book VIlu". One
Of the most important prov siouS Is the
limit of per cent which * placed on the
Interest rate which can be collected by
these associations N the future. AsSO, la
tons of this ktHL may con Ol'I"t" by a
three-fOurthS vote. or may 60 into Edui-
cation by some plan agreed upon. If a
plan cannot b. agreed UDOn, the attorney
general must b" applied 70. and he will
appoint a receiver. In both cases tho
acton must he approved by the COUr' 5.
All associations must chang" tNCir ar iCle5
to conform to this law by July Is, 1900.
Insurance Taxation Bill.
S. F. 352-WayS ard means commit
tee bill-PrOVidEs new law for the tax
alton of Iowa insurance companies.
The bin leaves the one per cent tax OF
gross receipts of these companies, pr)-
rided for under the Old laws governing
them. Aside from this a local tax is
imposed on all companies. except cor
poratiOns organized with capital stock
fic.ary mutualS, and fraternal benr-
Iiciary associations. not organized for
pecuniary priit. For the purpose of
the Iocal asses Ilent ines" companies
are ~ utIIHn I'le "a, . IcI "SSeS9oIS O1l
u peIole 'a""I' ~ VI cdSl !F3'' i
statement watch must be a duplicate
of the statement requiGed by law to be
made annually to the auditor of state.
viz, detailed statement of all its
properly altl HS"nl9 anu LHe amount o.
eacn 4'rHi' III, iu'itHS : III plu>' guaranty,
each. And all this property is to Be-
assessed as the UrOneltY Of private in
uIyluuaIS tndiF section 1919 o. t2e
Soue' III IlNihS l'c IIplfN9 ana -fed-
reDt comfy INITIALS AVA fr1f,.,.n ~
beneficiary ass" iauonS, not organize /
tor pecunlary prom, the debts and LA
bliltles ar" 10 lie lledurt"d a provide
Tor IN section LII or IN" rod", but III
as eftalh'hS tne IHdeDIr'ln SIS or IiaDii-
1ty OF any such corp rat on. debt
snail be deemed to exist On &C CUNT Of
lis IlaDlIIiy ON the podc!eS, certificates
or other contracts of inSu Rne" issued
by the company n question, equal TO
the amount Of the surplus or other
FUNDS ac1umu! 2tci by sdCh corporation
pursuant 10 Ia~.itS loAua Is OF insur-
ance or its ,a!tl les IF Incorporation for
the purpose OF running its policies,
certificates or other contracts Of !nSur-
ance, and which can BE- used for no
other purpose. All companies paying
10 the state treasurer by May l. 1900,
the amount which it would have been
compelled TO ay the treasurer had this
act been in force prior to that date,
will have its annual certih ate reis-
sued. The local tax, which may have
been assessed against the companies
before this law went into effect is to
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 falling to do this is not relieved
of any local or municipal tax hereto
fore levied. Publication clause.