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.

General Assembly.
With the adjournment OF the Twenty
eighth general assembly many new laws
are left upon the statute Nooks of Iowa.
The number cannot be exactly ascer.
tanned at this writing, a. the enrolling
clerks of the two houses are stin at work,
but there Will be between two and threa
hundred OF them. Most important OF the
new laws are the ones relating to taxa
Gon. including the insurance taxation
measure, the law applying the unit mi e.
age system of taxation to express COM
panies. and tn others providing for the
taxation of telegraph and telephone cor
pOrationS as the railroads of the state
are now taxed. Then there IS the re-
vision OF the building and loan laws. ia
Guiding the measure restricting these as
FOctatlOns as they have never before been
restricted in Iowa.
Next to these In Importance are the APP
proCrIation measures. the largest in
year, 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.
lions will exceed some what the sum OF
81 10000 OF course the biggest items are
the board OF control appropriations VIII ca
aggregate SI6i.l7H93 ana those for the ell
ucational institutions amounting to Siii.-
Ap. IL Is believed that the special apprI-
priations can be net by levy of IS mill
exclusive of the levy OF unc-trnth OF d
mill for the State University and Agr,cul-
than II had at first been eNpccted. but
Is due to the fact that some Of the large r
appropriations, including the SG60OOO for
Cherokee hospital were made available
IN different years.
Among the important measures passed
Is the TITUS Joint resolution rrov9Jsng for
to the people next fail at the general
election. The hunters license law, the
voting machine bill. the anli-prize fight
measure, the two pardons granted, and
IN lf-E ant Vl nv In
women are among the miscellaneous mat
tiers of statewide interest. The NEWS
prints synopsis of the new laws this
evening. Those containing publication
clauses are already laws. The others
WEI so into effect in July.
Building and Loan BIu.
S. f. S1i-Recodlnts the building end
loan laws OF the state. THIS h'll provides
that no building and loan az ISOLATION shall
issue fully paid stock or guaranty stock.
II these associations have any OF this n l
Of stock out, they rust retire Il by JAM
uGry ]. 1901. All expenditures and ex-
pcnses Of these n sOriH;i0rs must In the
Future be taken out Of the interests and
premiums earned, the expenses IN no cpss
10 exceed per cent per annum on $4,000.
tween 10000 and $500 900 and not mote
than az per cont upon amounts between
100000 and 5000 in no case shall such
cGenses IN one year exceed $1,000. The
,ew law also provides q very small fine
.Or delluquencics. Withdrawing members
shall receive all dues paid In unless there
mas been loss, when II will be necessary
for them to share In such loss as other
members do. Ply a vote of three fourt hS
of the directors of any association. nom
borrowing members may be cOmDelled to
withdraw by being paid book value. Cna
of the most important prov s'ons Is the
limit Of s per cent which Is placed on the
Interest rate which can be- collected by
these associations n the future. Assolla-
tOns Of this kind may con- Oldrte by a
three-fourths vote. or may'go into hdui-
d1tion by sOTe plan agreed upon. If a
plan cannot be agreed upOn the attorney
general must be applied to. and he viii
appoint receiver In both cases the
acton must be approved by the courl s.
All assOCiat tons must change their articles
to conform tOSthls law by July Il, 1900.
Insurance Taxation Bill.
s. +. 352-Ways ard means commit
tee bill-Provides new law for the tax
alton of Iowa insurance companies.
The bill leaves the one per cent tax OF
gross receipts OF these companies, pro-
vided 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
ficiary mutuals, and fraternal bene-
Ticiary ass0ciatlons, not organized for
pecuniary prifit. Ter the purpose of
the local assessment these compa MES
are to furnish the district assessors on
or before January IS of each year. a
of the statement required by law to be
made annually 10 the auditor of state,
viz, a detailed statement of all its
property and assets and the amount OF
each item. including surplus, guaranty,
and reserve fund and the amount OF
each. And all this property is TO be
assessed a the property 81 private in
dividualS under section 1905 OF the
code. In taxing the moneys aad cred
Its OF every Insurance corporation. e&-
cept county mutuals and fratcrnal
beneficiary assO -iations, not organized
Tor pecuniary profit. the debts and LA
bilities are to be deducted as provided
for in section 1911 of the code, but in
Bs-ertaining the Indebtedness or llabil-
lily OF any such cOrp1rat on. a debt
shall be deemed to exist on &C cunt OF
its liability on the policies, certificates
or other contracts of inSu ance issued
by the company IN question, equal to
the amount of the surplus or other
funds accumullIcd by such corporation
pursuant to law, Its contacts OF insur-
ance or its arti les of Incorporation for
the purpose OF fulfilling its policies
certificates or other contracts OF insur-
ance, and which can be used for no
other purpose. All companies paying
10 the state treasurer by May /. 1900
the amount which it would nave been
compelled to ray the treasurer had this
act been in force prior to that date,
will have its annual certifi,ate reis-
sued. The local tax. which may have
been assessed against the companies
before this law went into effect IN 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 failing to do this is not relieved
of any local or municipal tax hereto
fore levied. Publication clause.
state Department of Agriculture.
S. F. 165-Creates a state department
of agriculture, under whish Is to be
grouped the local agricultural socie ties
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 a 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 conyen-
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. ard reports of con-
tagious diseases among domestic ami
mails, destruction Of insects and dis
eases affecting vegetation. The Iowa
agricultural experiment station is to
co operate with the department 1t
is to elect a secretary VINO re-
ceives an annual salary OF 1880 A
year book is to be gotten out by the
department. II Is to be an elaborate
affair, and contain much valuable in
formation pertaining to the agricultur-
al interests OF the state. An annual
appropriation of $1,000 Is made for the
department. 81 600 TO be us d for insur-